The device used to pull heat from a lower temperature zone and deliver it to a higher temperature zone is known as a heat pump. These heat pumps use refrigerant in closed or open cycle, which acts as an intermediate medium of heat exchange between source and destination. Heat pumps are of various types such as working on the basis of heat source, air source, water source, ground source, and hybrid.
Growth of the construction industry along with increasing implementation of stringent new building regulations by governments worldwide, especially in China, Japan, U.S., South Korea, and Europe are expected to be the key factors driving demand for heat pumps for residential applications. In countries such as Japan, Australia, U.S., and countries of Europe, governments are providing subsidies on purchase of heat pumps in order to reduce their carbon footprint and increase use of renewable sources of energy for heating and cooling purposes. Also, certain countries like Japan and China have their own renewable energy policies for heating purposes, which promote the use of heat pumps over conventional heating devices.
Lack of consumer awareness along with higher initial installment costs are expected to restrain the market growth over the period. Technical difficulty in installing these units in existing infrastructures is also a major restraint for the overall growth. Lack of government support in some regions is also a key factor restraining the demand.
The global Heat Pump market was valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Heat Pump volume and value at global level, regional level and company level. From a global perspective, this report represents overall Heat Pump market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Heat Pump in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Heat Pump manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers are covered:
Carrier Corporation
Daikin
Danfoss
Mitsubishi Electric
NIBE
Airwell
BDR Thermea
Bryant Heating & Cooling
Emerson Climate Technologies
Enertech
Segment by Regions
North America
Europe
China
Japan
Southeast Asia
India
Segment by Type
Air-to-Air
Air-to-Water
Segment by Application
Residential
Commercial
Industrial
Summary:
Get latest Market Research Reports on Heat Pump. Industry analysis & Market Report on Heat Pump is a syndicated market report, published as Global Heat Pump Market Professional Survey Report 2019. It is complete Research Study and Industry Analysis of Heat Pump market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.