The size of Heat Pump Market was anticipated as 44 billion in the year 2018 and is predicted to touch 60 billion till 2025, as per the research done by Global Market Insights, Inc.
the heat pump market has been analyzed concerning four regions, namely,
• North America
• Europe
• Asia Pacific
• Rest of World
Commercial heat pump market. Will witness growth owing to positive outlook toward infrastructure sector along with upsurge in demand for retrofit and replacement of existing cooling and heating units. A system ability to integrate with conventional systems across new constructed or existing establishments will provide it competitive edge over other alternates.
Sweden heat pump market will witness growth on account of introduction of net zero emissions building norms coupled with increasing demand for sustainable H&C units. The country has pledge to achieve its net zero GHG emissions targets by 2045 to reduce climate change. Moreover, growing focus to reduce dependency on import and improve energy security coupled with shift in trends to improve living standards will further complement the industry dynamics.
Browse key industry insights spread across 390 pages with 574 market data tables & 50 figures & charts from the report, “Heat Pump Market Size By Product (Air Source, Ground Source, Water Source), By Application {Residential (Single-family, Multi-family), Commercial (Educational Institutes, Healthcare, Retail, Logistics & Transportation, Offices, Hospitality and Others), Industrial}, Industry Analysis Report, Regional Outlook (U.S., Canada, Sweden, Germany, France, Finland, Austria, Netherlands, Switzerland, China, South Korea, Japan, Iran, Turkey, South Africa, Saudi Arabia) Application Potential, Competitive Market Share & Forecast, 2019 - 2025” in detail along with the table of contents:
Major participants across heat pump industry are NIBE, Wolf, Kensa Heat Pumps, Glen dimplex, Bosch Thermotechnology, Green Planet Supply Technologies, Earthlinked Technologies, Danfoss, Trane, Daikin, Nortek, Solarbayer, Finn Geotherm, Stiebel Eltron, Mitsubishi Electric, Bryant Heating & Cooling Systems, Viessmann, Swegon, OCHSNER Warmepumpen, Carrier, Modine, Swegon, Thermic Energy, Weishaupt, Bard HVAC and Vaillant.
France market will witness growth owing to introduction of stringent targets pertaining to energy generation from renewable energy coupled with increasing spending toward renovation of existing building infrastructure. For instance, in 2015, Energy Transition Bill introduce by the Government of France with an aim to fulfil 38% of heat consumption from renewable sources by 2030.
China heat pump market size is projected to grow over 2% by 2025. Government mandates to reduce carbon footprints by promoting the utilization of renewable energy mix will provide stimulus growth across the nation. For instance, in 2018, China National Development & Reform Commission introduced policy to increase renewable energy targets from 20% to 35% by 2030.
Growth drivers of Heat Pump Market
3.11.1.1 Europe
3.11.1.1.1 Positive outlook toward renewable sector
3.11.1.1.2 Surging demand for space heating
3.11.1.2 Asia Pacific
3.11.1.2.1 Rapid urbanization and commercialization
3.11.1.3 North America
3.11.1.3.1 Increasing demand for energy-efficient systems
3.11.1.3.2 Favourable measures to reduce carbon footprints
Pages: 390
Tables: 574
Charts / Figures: 50
Companies covered: 25
Countries covered: 16
Report Content
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Heat Pump Industry Insights
Chapter 4 Heat Pump Market, By Product
Chapter 5 Heat Pump Market, By Application
Chapter 6 Heat Pump Market, By Region
Chapter 7 Company Profiles
• Trane
• Vaillant Group
• Viessmann
• Glen Dimplex
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