Heat Pump Market Size, Share, Statistics, Global Industry Trends, Major Key Players, Business Strategy, Segmentation Analysis and Forecast to 2023

“Heat Pump Market”
heat pump market has been segmented based on type, capacity, end-user, and region, Global Heat Pump Market predicted to grow at more than 11% by 2023

Competitive Landscape

The key players of the global heat pump market Midea (China), Ingersoll Rand (Ireland), Glen Dimplex (Ireland), Stiebel Eltron (Germany), Panasonic (Japan), Daikin (Japan), Danfoss (Denmark), and Hitachi (Japan).

Market Highlights

Heat pumps are designed to transfer heat from one place to another, with the help of electricity.  Refrigerators and air conditioners are the two examples with heat pump technology. Advantages of heat pump include, less use of electricity, most efficient alternative to fuel, oil, and electric systems regarding heating and cooling. Heat pumps also have financial benefits due to its high efficiency, leading to contributing towards the reduction of CO2 emissions.

Based on end-user, the Heat Pump Market is segmented as industrial, commercial, and residential. Residential segment is estimated to dominate the market during the forecast period due to rising demand for heating in residential segment due to the changing climatic conditions. Moreover, increasing population would encourage energy efficient equipment for heating and cooling purpose. Considering the capacity, the market is segmented into four categories, namely, Up to 10 kW, 10-20 kW, 20-30 kW, and Above 30 kW. Up to 10 kW rated capacity heat pumps are expected to hold largest share in 2018, due to its wide application in the residential and commercial sectors. The growth is also attributed to the increasing investment in smart buildings.

The Global Heat Pump Market is expected to grow at 11.08% CAGR during the forecast period.

A Sample of This Report Is Available upon Request @ https://www.marketresearchfuture.com/sample_request/7012

Global Heat Pump Market is expected to witness substantial growth during the forecast period owing to growing investments in the residential and commercial sectors coupled with need to reduce carbon emissions. For instance, according to the Real Estate Developers’ Association of India (CREDAI), the real estate sector in India is projected to reach USD 180 billion by 2020 from USD 126 billion in 2015. Hence, this would increase the demand for heat pumps.  Asia Pacific holds the largest share in the heat pump market due to increasing investments in the residential and commercial sectors in countries such as India and China, creating demand for the heat pump market. Additionally, the government in these countries are drawing up policies to ensure that energy-efficient equipment such as heat pumps are being installed in new buildings. Europe holds the second largest share in the heat pump market with investment in refurbishment of aging electrical infrastructure and growing focus on using energy efficient devices to reduce carbon emissions.   

Scope of the Report

This report provides an in-depth analysis of the global heat pump market, tracking three market segments across four geographical regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the heat pump market by its type, capacity, end-user, and by region.

By Type

  • Air to air
  • Air to water

By Capacity

  • Up to 10 kW
  • 10-20 kW
  • 20-30 kW
  • Above 30 kW

By End-User

  • Industrial
  • Commercial
  • Residential

By Regions

  • North America 
  • Asia-Pacific 
  • Europe
  • Rest of the World

Browse the Full Research Report At@ https://www.marketresearchfuture.com/reports/heat-pump-market-7012


1. Executive Summary

2. Market Introduction

3. Research Methodology

4. Market Dynamics

5. Global Heat Pump Market, By Type

6. Global Heat Pump Market, By Capacity

7. Global Heat Pump Market, By End-User

8. Global Heat Pump Market, By Region

9. Competitive Landscape


About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/heat-pump-market-7012