Heat Pump Market by Product (Air Source, Water Source, Ground Source Heat Pumps), by System (Air-to-Air, Air-to-Water, Electric, Geothermal Heat Pumps), Rated Capacity (Up to 10 kW, 10–20 kW, 20–30 kW, Heat Pump above 30 kW), by Application & Region – Forecast to 2031
The global heat pump market was valued at around US$ 60 Bn in 2020, which amounts to close to 35% share of the overall HVAC (heating, ventilation, and air conditioning) market. Sales of heat pumps are projected to accelerate at a healthy CAGR of 9% to top US$ 140 Bn by 2031.
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Prominent Key Players Of The Heat Pump Market Survey Report:
- Trane Inc.
- Midea Group
- NIBE Group
- Panasonic Corporation
- Mitsubishi Electric Corporation
- Daikin Industries, Ltd.
- Glen Dimplex Group
- Viessmann Werke GmbH & Co KG
- Flamingo Heat Pumps
- Efficiency Maine
- Ingersoll Rand, Plc.
- Melrose Industries PLC.
Key Segments Covered in Heat Pump Industry Research
- Product Type
- Air Source Heat Pumps
- Water Source Heat Pumps
- Ground Source Heat Pumps
- System Type
- Air-to-Air Heat Pumps
- Air-to-Water Heat Pumps
- Electric Heat Pumps
- Geothermal Heat Pumps
- Rated Capacity
- Heat Pump Up to 10 kW
- 10–20 kW Heat Pump
- 20–30 kW Heat Pump
- Heat Pump Above 30 kW
- Application
- Use of Heat Pumps in Residential sector
- Use of Heat Pumps in Commercial Sector
- Use of Heat Pumps in Hospitality Sector
- Use of Heat Pumps in Retail Sector
- Use of Heat Pumps in Education Sector
- Use of Heat Pumps in Industrial Sector
- Use of Heat Pumps in Food & Beverage Sector
- Use of Heat Pumps in Paper & Pulp Sector
- Use of Heat Pumps in Chemicals & Petrochemicals Sector
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The insights for each vendor consists of:
- Company profile
- SWOT analysis
- Main market information
- Market share
- Revenue, pricing and gross margin
What insights does the Heat Pump Market report provide to the readers?
- Heat Pump fragmentation on the basis of product type, end use, and region.
- Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
- Collaborations, R&D projects, acquisitions, and product launches of each Heat Pump player.
- Various regulations imposed by the governments on the consumption of Heat Pump in detail.
- Impact of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global Heat Pump.
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The report covers following Heat Pump Market insights and assessment that are helpful for all participants involved in the Heat Pump market:
- Data on recently introduced regulations and their impact on key industries and on demand in Heat Pump
- Latest industry Analysis on Heat Pump Market, with key analysis of market drivers, trends, and influencing factors
- Key trends Analysis of Heat Pump Market and changing consumer preferences in major industries.
- Changing Heat Pump demand and consumption of diverse products
- Major trends underlining funding by key investors in numerous countries
- New investment opportunities in diverse technology and product or service types
- Comprehensive data and Competitive analysis of Heat Pump major players
- Heat Pump Market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
- Heat Pump demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth
Questionnaire answered in the Heat Pump Market report include:
- How the market for Heat Pump has grown?
- What is the present and future outlook of the global Heat Pump on the basis of region?
- What are the challenges and opportunities for the Heat Pump?
- Why the consumption of Heat Pump highest in region?
- In which year segment is expected to overtake segment?
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