Heat Pumps Market Forecast and Segments, 2015-2025
Increasing development in the construction industry along with complying strict building requirements by governments is boosting the growth in demand for Heat Pumps market. It is a device used to transfer heat from one place to another.
Increasing development in the construction industry along with complying strict building requirements by governments is boosting the growth in demand for Heat Pumps market. It is a device used to transfer heat from one place to another.
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<strong>Heat</strong> <strong>Pumps</strong><br />
<strong>Market</strong><br />
Share, Global Trends,<br />
Analysis, Research, Report,<br />
Opportunities,<br />
Segmentation <strong>and</strong> <strong>Forecast</strong>,<br />
<strong>2015</strong>– <strong>2025</strong><br />
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Report Description<br />
Increasing development in the construction industry along with complying strict building<br />
requirements by governments is boosting the growth in dem<strong>and</strong> for <strong>Heat</strong> <strong>Pumps</strong> market. It is a<br />
device used to transfer heat from one place to another. Depending upon the climatic condition,<br />
it transfers heat from outdoors into building <strong>and</strong> vice-versa during hot weather. Various heat<br />
pump application includes, sanitary hot water heating, space cooling, dehumidification, heat<br />
recovery <strong>and</strong> space heating. Owing to its high operating efficiency <strong>and</strong> lower maintenance cost,<br />
it acts as an eco-friendly substitute for cooling <strong>and</strong> heating residential, commercial <strong>and</strong> industrial<br />
buildings. On the other h<strong>and</strong>, CO2 heat pumps have witnessed a significant rise in commercial<br />
<strong>and</strong> residential sector due to its ozone <strong>and</strong> climate friendly feature.<br />
<strong>Heat</strong> pumps <strong>Market</strong>: Drivers & Restraints<br />
Global heat pump market is driven by growing dem<strong>and</strong> of technology using renewable energy<br />
resources <strong>and</strong> emitting less CO2. In short, industry shift towards green technology is the latest<br />
trend in the global heat pump industry. Increasing investments, government policies, rising<br />
prices for oil <strong>and</strong> natural gas are the major factors driving the growth in heat pump market.<br />
However, the growth in the market is impacted by lack of consumer awareness, disruptive <strong>and</strong><br />
expensive to install in existing property along with social <strong>and</strong> technical difficulties are restraints<br />
in global heat pump market.
Report Description<br />
<strong>Heat</strong> <strong>Pumps</strong> <strong>Market</strong>: Segmentation<br />
<strong>Heat</strong> pumps can be segmented on the basis of technology such as, CO2 segment, Gas driven<br />
segment <strong>and</strong> Hybrid segment, all can be further sub-segmented into end user sector viz.,<br />
commercial, industrial <strong>and</strong> residential. On the basis of type, heat pump can be segmented as<br />
Ground source heat pump, Air to air heat pump <strong>and</strong> Air to water heat pump. Volume sales of air<br />
to water heat pumps are expected to grow rapidly <strong>and</strong> hold the largest market share in the<br />
forecasted duration. Air to water heat pump global market is expected to grow with CAGR in a<br />
range 10-14 percentage.<br />
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<strong>Heat</strong> Pump <strong>Market</strong>: Region-wise Outlook<br />
The global heat pump market is geographically segmented into seven key regions: North<br />
America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan <strong>and</strong> Middle East &<br />
Africa. Europe holds the major share in global heat pump market, followed by North America<br />
<strong>and</strong> Asia Pacific. Asia-Pacific market is the fastest growing market <strong>and</strong> is expected to maintain its<br />
growth in global heat pump market during the forecast period.
Report Description<br />
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<strong>Heat</strong> Pump <strong>Market</strong>: Key Players<br />
Some of the major players in the global heat pump market include Viessmann Group, Danfoss<br />
Group Global, Carrier Corporation, The Glen Dimplex Group, StiebelEltron, Bosch Thermotechnik<br />
GmbH, Panasonic Corporation, Mitsubishi Electric, NIBE energy systems, Geothermal<br />
International Ltd (GI), DeLonghi-Climaveneta, Airwell Group, <strong>and</strong> Enertech Group.
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