Rapid Industrialization to Boost Heat Pumps Growth by 2019-2027

In 2018, the market size of Heat Pumps Market is million US$ and it will reach million US$ in 2025, growing at a CAGR of from 2018; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.

In this report, 2018 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Heat Pumps .

This report studies the global market size of Heat Pumps , especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).

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This study presents the Heat Pumps Market production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. Heat Pumps history breakdown data from 2014 to 2018, and forecast to 2025.

For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2018.

In global Heat Pumps market, the following companies are covered:

Market Segmentation

By Product Type

  • Ground Source Heat Pump
  • Air-air Heat Pump
  • Air-water Heat Pump
  • Hybrid Heat Pump

By Refrigerants

  • Hydro-fluorocarbon (HFC)
  • Ammonia
  • CO2
  • Hydrocarbons
  • Others

By Power Source

  • Electric
  • Others (Gas)

By End User

  • Residential
  • Commercial
  • Industrial

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa (MEA)

Higher efficiency of ground source heat pumps make them an attractive choice

The ground source heat pump segment accounted for 11.7% value share in 2016 and is expected to register a significant CAGR over the forecast period. Ground source heat pumps have higher efficiency than air source heat pumps as they extract heat from the ground, which is at a more stable temperature than air.

CO2 based heat pumps are preferred due to their eco-friendly nature\\

The CO2 based heat pump segment is anticipated to grow at a CAGR of 8.2% over the forecast period. This segment is expected to increase rapidly during the forecast period owing to high efficiency of CO2 refrigerants in residential applications and high acceptance rates in Japan and Europe due to its eco-friendly properties.

China and India set to lead the residential heat pumps market

The residential segment accounts for a major share of the global heat pumps market – contributing to more than 55% of the overall value share in 2016 – and is expected to register a CAGR of 7.3% over the forecast period. The segment is projected to grow at a steady pace in the near future owing to increasing building and construction activities in developing countries such as China and India.

Western Europe dominates the global heat pumps market

Western Europe dominates the global heat pumps market and is estimated to account for 40.7% value share in 2016. The heat pumps market in APEJ is expected to witness significant growth over the forecast period. Growth of new buildings and clean energy policies of different nations in APEJ is expected to drive the growth of the heat pumps market in the region.

Leading market players are encouraging public awareness regarding the benefits and cost efficiency of heat pumps

Key players in the global heat pumps market include Danfoss Group Global, Viessmann Group, United Technologies Corporation, The Bosch Group, Panasonic Corporation, Mitsubishi Electric Corporation, Daikin Industries Ltd, and NIBE Group. Key market players are strategically plotting their business divisions as per the geographic and climatic conditions of the market. They are also providing financial options for the purchase and installation of heat pumps. Moreover, they are also working on increasing the awareness of people regarding the benefits and cost efficiency of heat pumps.

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The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Heat Pumps product scope, market overview, market opportunities, market driving force and market risks.

Chapter 2, to profile the top manufacturers of Heat Pumps , with price, sales, revenue and global market share of Heat Pumps in 2017 and 2018.

Chapter 3, the Heat Pumps competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Heat Pumps breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2018.

Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2018.

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Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2018.

Chapter 12, Heat Pumps market forecast, by regions, type and application, with sales and revenue, from 2018 to 2024.

Chapter 13, 14 and 15, to describe Heat Pumps sales channel, distributors, customers, research findings and conclusion, appendix and data source.