A Heat Pump Market: Segmented: By Type (Air-to-Air and Air-to-Water); By Technology (Water Source

Heat Pump Market: Segmented: By Type (Air-to-Air and Air-to-Water); By Technology (Water Source, Air Source and Ground Source); By Application (Residential, Industrial and Commercial); and Region - Analysis of Market Size, Share & Trends for 2016 - 2019 and Forecasts to 2030

PRODUCT OVERVIEW

The heat pump is a mechanical compression cycle refrigeration device that supports reversing functionality and activity to either cool or heat a restricted room. It moves heat from one stage to the other in the important parts of the cooling and heating processes. The heat pump consists of two major parts, namely an indoor air handler and an outside arm. The outdoor device contains a pump that circulates a refrigerant that collects and removes heat as it passes through indoor and outdoor systems. The heat pump absorbs the outside heat when it becomes warm outside and serves as an air conditioner, reducing the heat from the buildings, and vice versa.

MARKET HIGHLIGHTS

Heat Pump Market is expected to project a CAGR of 10.19% during the forecast period, 2020-2030
The market is anticipated to grow on the back of increasing the adoption of heat pumps in the residential areas and the benefits related to the reduction of CO2. Development in the building and housing sector for single-unit and multi-unit dwellings is expected to fuel demand for heat pumps over the forecast era. Improved customer purchasing habits are anticipated to raise sales from restaurants and other commercial outlets, which are projected to surge demand for such pumps in the industrial sector.

GLOBAL HEAT PUMP MARKET: SEGMENTS

The Air-to-Air segment to grow with the highest CAGR

The global Heat Pump Market is segmented by type into Air-to-Air and Air-to-Water. The air-to-air segment held the largest market share of xx% in the year 2019, owing to its widespread acceptance and low installation cost in comparison to other heating technologies.

The Air Source segment to grow with the highest CAGR

The market for a heat pump is also segmented by technology into Water Sources, Air sources, and Ground Sources. The air source segment is estimated to hold the largest market share in the year 2019. Air Source Heat Pump soaks up heat from the outside air and transfers it to an indoor space, including a home, office, or building for space heating and cooling appliances, through a heat radiator.

A residential segment to grow with the highest CAGR

The global Heat Pump Market is segmented by application into Residential, Industrial, and Commercial. Among these, the residential segment is estimated to hold the largest market share in 2019. These pumps are highly energy-efficient products used for space heating, cooling, and sanitary hot water generation applications in homes. Favorable policy initiatives and tax rebates are given to construct energy-saving goods that are projected to boost demand for heat pumps in the residential sector.

MARKET DYNAMICS

Drivers

Significant Contribution of Heat Pumping Technology in Reduction of CO2

Restraint

High Cost

GLOBAL HEAT PUMP MARKET: KEY PLAYERS

• Panasonic Corporation

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

• Daikin Industries Ltd.
• Vaillant Group
• Ingersoll Rand Plc
• Viessmann Werke CmbH & Co. KG
• Glen Dimplex Group

THE GLOBAL HEAT PUMP MARKET REPORT ALSO CONTAINS AN ANALYSIS ON:

Heat Pump Market Segments:

• By Type
• Air-to-Air
• Air-to-Water
• By Technology
• Water Source
• Air Source
• Ground Source
• By Application
• Residential
• Industrial
• Commercial
• By Region
• North America
• Latin America
• Europe
• Middle East & Africa
• Asia Pacific
• Global Heat Pump Market Dynamics
• Global Heat Pump Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

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