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