Bharat Book Bureau Provides the Trending Market Research Report on "Heat Pump Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030" under Energy category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.

Market Overview

Global heat pump market is anticipated to surpass USD 1,04,713 million by 2030 from USD 51,500 million in 2020 at a CAGR of 10.19% throughout the forecast period, i.e. 2020-2030. The market is anticipated to grow on the back of increasing adoption of heat pumps in the residential areas and benefits related to reduction of CO2.

Global Heat pump Market: Segments

The Air-to-Air segment to grow with the highest CAGR of xx% during 2020-2029.

Global heat pump market is segmented by type into Air-to-Air and Air-to-Water. The air-to-air segment held the largest market share of xx% in the year 2019, owing to its widespread acceptance and low installation cost in comparison to other heating technologies.

Global Heat Pump Market: Drivers and Restraints

Significant Contribution of Heat Pumping Technology in Reduction of CO2 - emissions drives the global market.

Energy is essential in our everyday lives because it fuels industries, drives houses, clinics and colleges. Nevertheless, carbon extraction factors in the release of greenhouse gases. CO2, which is one of the greenhouse gases, is emitted to a significant degree by consuming fossil fuels such as coal, oil and natural gas. Most countries plan to reduce their primary energy consumption as a consequence of rising CO2 pollution and to adopt measures to eliminate greenhouse gases in the atmosphere.

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High Cost

Heat exchangers are costly, requiring drilling for some heat-pump types or large spaces to be efficient, and the heat pump industry mostly competes on price rather than efficiency. Heat pumps are already at a price difficulty when it comes to initial investment compared to conventional heating solutions like boilers, so the drive towards more efficient heat pumps and air conditioners is often led by legislative measures on minimum efficiency standards. Electricity rates will also influence the attractiveness of heat pumps.

Global Heat Pump Market: Regions

Asia Pacific to grow with the highest CAGR of xx% during 2020-2030.

Global heat pump market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA. Among these, the market in Asia Pacific is estimated to hold the largest market share of xx% in the year 2019, owing to high adoption of the system in China with population relying on cost-and energy-effective products.

Global Heat Pump Market: Key Players

• Panasonic Corporation
-Company Overview
-Business Strategy
-Key Product Offerings
-Financial Performance
-Key Performance Indicators
-Risk Analysis
-Recent Development
-Regional Presence
-SWOT Analysis
• Daikin Industries Ltd.
• Vaillant Group
• Ingersoll Rand Plc
• Viessmann Werke CmbH & Co. KG
• Glen Dimplex Group
• NIBE Industrier AB
• Mitsubishi Electric Corporation
• Stiebel Eltron
• Melrose Industries PLC

The global heat pump market report also contains analysis on:

• Heat Pump Market Segments:
-By Type
-Air-to-Air
-Air-to-Water

-By Technology
-Water Source
-Air Source
-Ground Source

-By Application
-Residential
-Industrial
-Commercial

-By Region
-North America
-Latin America
-Europe
-Middle East & Africa
-Asia Pacific

• Heat Pump Market Dynamics
• Heat Pump Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints

Browse our full report with Table of Content :
https://www.bharatbook.com/marketreports/heat-pump-market-outlook-2030-industry-insights-opportunity-evaluation-2019-2030/2129180

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