Heat Pump Market Show Exponential Growth by 2029

Posted by Jack Martin on January 13th, 2020

The global Heat Pump Market study presents an all in all compilation of the historical, current and future outlook of the Market as well as the factors responsible for such a growth. With SWOT analysis, the business study highlights the strengths, weaknesses, opportunities and threats of each Heat Pump Market player in a comprehensive way. Further, the Heat Pump Market report emphasizes the adoption pattern of the Heat Pump across various industries.

A latest report published by Fact.MR takes into account the Heat Pump market from a global as well as local viewpoint. According to a recently published report by Fact.MR, worldwide sales of heat pumps reached 11 million units in 2018, which are estimated to record a Y-o-Y growth of ~10% in 2019. Gains in the heat pump market are prominently underpinned by the continued consumer quest for ecological alternative to conventional heating systems. The report also suggests that the thriving trend of decarbonizing buildings, aiming the zero-carbon future, will continue to significantly contribute to the robust increase in market revenues. The heat pump is estimated to record a volume CAGR of ~12% during the forecast period.

In this Heat Pump market study, the following years are considered to project the market footprint:

• History Year: 2014 - 2018
• Base Year: 2014
• Estimated Year: 2019
• Forecast Year: 2019 – 2029

After reading the Heat Pump market report, readers can:

• Understand the drivers, restraints, opportunities and trends affecting the growth of the global Heat Pump market.
• Analyze key regions holding significant share of the total Heat Pump market revenue.
• Study the growth outlook of the global Heat Pump market scenario, including production, consumption, history and forecast.
• Learn consumption pattern and impact of each end use on the Heat Pump market growth.
• Investigate the recent R&D projects performed by each Heat Pump market player.

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The Heat Pump market report covers the following regions:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
• Europe (Germany, Italy, France, U.K., Spain, Benelux, Russia, Rest of Europe)
• East Asia (China, Japan, South Korea)
• Japan
• APEJ (China, India, Indonesia, Thailand, Singapore, Australia & New Zealand, Rest of Asia Pacific)
• South Asia & Oceania (India, Thailand, Indonesia, Malaysia, Australia & New Zealand, Rest of South Asia & Oceania)
• Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of Middle East & Africa)

Global Heat Pump Market Segmentation Analysis:

On the basis of Type,

• Air Source Heat Pump
• Water Source Heat Pump
• Ground Source Heat Pump

On the basis of Application type,

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

Prominent Heat Pump market players covered in the report contain:

• Viessmann Group.
• United Technologies Corporation
• The Bosch Group -Bosch Thermotechnology
• Daikin Industries Ltd.
• NIBE Group
• Remeha Group
• Vaillant Group
• GEA Group AG
• Emerson Electric Co.
• Mayekawa Mfg. Co. Ltd.
• Thermax Global
• Glen Dimplex Deutschland GmbH
• Danfoss Group Global

The behavior pattern of each player – new product launches, partnerships, and acquisitions – has been analyzed in the Heat Pump market report comprehensively. In addition, the research encompasses the strengths, weaknesses, opportunities and threats of each Heat Pump market vendor in an in-depth manner.

The Heat Pump market report answers important questions which include:

• What does the status of the Heat Pump market look like after the forecast period?
• Which region has the highest contribution to the global Heat Pump market and why?
• Which players remain at the top of the global Heat Pump market?
• What opportunities are available for the Heat Pump market players to expand their production footprint?
• Which segment has the maximum impact on the global Heat Pump market?

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