Market Dynamics

Heat Pump Market growth is expected to gain high momentum during the forecast period due to increasing demand in commercial and residential sectors. A heat pump is technically a mechanical-compression cycle refrigeration system, which can reverse to either heater or cooler. It transfers heat from high temperatures to low temperature, as heat flows naturally from higher to lower temperatures. A compressor is used to transfer the refrigerant, which absorbs heat as it travels from indoor to outdoor units. Heat pumps are generally used for domestic or industrial User. It can also be used for cooling purposes.

Segment Analysis

Heat pumps are used for residential, commercial, and industrial purposes, which is driving the heat pump market. The commercial end User segment includes educational complex, office buildings, and government centers. The heat pump market is segmented on the basis of type into air to air and air to water. Based on rated capacity, the market has been divided into upto 10kW, 10-20kW, 20-30kW, and above 30kW. Governments of various countries are taking initiatives to encourage the User of renewable energy. Moreover, technological advancements is expected to fuel the growth of the heat pump market during the forecast period.

Key Factors Impacting Market Growth:

• Increasing demand in commercial and residential sectors
• Positive steps toward User of renewable energy

Regional Outlook:

The regional outlook for heat pump market provides detailed information for markets including North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America and Western Europe are estimated to be key regions for heat pump market during the forecast period. Being one of the industrialized regions, the energy & power sector is key to the operations of various industries in this region. This is one of the important factors governing the growth of heat pump market in these regions. Some of the major countries covered in this region include US, Germany, UK, France, Italy, Canada, and so on. 

Asia Pacific is estimated one of the fastest growing regions for heat pump market during the forecast period. Some of the fastest growing economies and increasing demand for energy & power to cater high population & industries is expected to drive the demand in this region. China and India are projected to register major demand during the forecast period. Middle East that includes UAE, Saudi Arabia, Iran, Qatar, and others promises high market potential during the forecast period. Rest of the World including South America and Africa are emerging regions in terms of market demand during the forecast period.

Companies Covered: Daikin, Nibe, United Technologies, Midea Group, Panasonic, Mitsubishi, Vaillant, and Danfoss…

Market Segmentation:

By Type:

• Air To Air
• Air To Water

By Rated Capacity:

• Upto 10kW
• 10kw-20kW
• 20kw-30kW
• Above 30kW

By End-User:

• Residential
• Commercial
• Industrial

By Region:

• North America

• • By Country (US, Canada, Mexico)
  • By Type
  • By Rated Capacity
  • By End-User

• Western Europe

• • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
  • By Type
  • By Rated Capacity
  • By End-User

• Eastern Europe

• • By Country (Russia, Turkey, Rest of Eastern Europe)
  • By Type
  • By Rated Capacity
  • By End-User
• Asia Pacific

• • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
  • By Type
  • By Rated Capacity
  • By End-User

• Middle East

• • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
  • By Type
  • By Rated Capacity
  • By End-User

• Rest of the World

• • By Region (South America, Africa)
  • By Type
  • By Rated Capacity
  • By End-User

Reasons To Buy This Report:

• Market size estimation of the heat pump market on a regional and global basis
• The unique research design for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

• By Segment
• By Sub-segment
• By Region/Country

For more information, contact: [email protected]