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Heat Pumps

The heat pump industry has observed significant expansion over the years on account of paradigm shift towards clean energy technologies coupled with transitioning consumer preferences. Heat pump systems are an effective alternative to conventional heating & cooling systems having low efficiency ratings. These products operate by integrating various components & parts including an outdoor unit, indoor unit, refrigerants, fan coils, valves, and compressors, among others to redistribute the heat between a source and a sink. The heat pump systems have been categorized based on the source primarily segregating intro air source, ground source, and water source systems. These units are equipped with a reversing valve enabling them to alter the refrigerant flow to effectively suffice the heating & cooling requirements.

The heat pump systems offer a wide range of favorable operational characteristics including low operation & maintenance cost, lower carbon footprint, space & water heating capabilities, longer operational life, and enhanced safety, among others, accelerating their deployment potential. In addition, the industry participants are emphasizing on introducing technological advancements with innovative products & components featuring remote monitoring & control attributes to fortify their geographical footprint. Moreover, different public and private players have launched collaboration initiatives to boost the research & development programs and accelerate the adoption of heat pump systems across different applications.

Drivers:

  • Shifting focus towards the adoption of advanced heating & cooling systems.
  • Introduction of encouraging administrative financial policies including tax rebates, subsidy programs, financial grants, and low interest or zero interest loans.
  • Prevalence of cold climatic conditions with low average temperature ranges will fuel the demand for reliable heating alternatives with high output capabilities.
  • Rising disposable incomes, upgrading standard of living, and rapid rate of urbanization are some of the prominent factors shifting consumer behavior towards innovative technologies.
  • Rapid transformation toward the adoption of clean energy technologies to keep a check on the greenhouse gas emissions.
  • Continuous focus on research & development of innovative heat pump systems along with other associated components and refrigerants will broaden the product spectrum for integration across numerous verticals.
  • The growing construction expenditure to establish new residential & commercial infrastructures with advanced operations and lower carbon footprint to unveil new prospects for the adoption of heat pump systems.

Filters

  •    Boiler
  •    Compressors
  •    Electrical Equipment
  •    Heat Pumps
  •    Water Heater

Published: November 2022   

Germany Heat Pump Market180 Pages

Germany Heat Pump Market size valued at USD 950 million in 2021 and is anticipated to exhibit more than 8% CAGR from 2022 to 2030....

Published: September 2022   

Heat Pump Market602 Pages

Heat Pump Market size valued at USD 54 billion in 2021 and is projected to expand at a CAGR of over 5% from 2022 to 2030....

Published: August 2022   

Europe Heat Pump Market330 Pages

European Heat Pump Market size exceeded USD 14 billion in 2021 and is projected to expand at CAGR of over 8% from 2022 to 2030. ...

Published: August 2022   

Europe Air Source Heat Pump Market415 Pages

Europe Air Source Heat Pump Market size exceeded USD 13 billion in 2021 and is projected to expand at over 8% CAGR from 2022 to 2030. ...

Published: June 2022   

Water Source Heat Pump Market295 Pages

Water Source Heat Pump Market size surpassed USD 900 million in 2021 and is anticipated to grow at a CAGR around 5% from 2022 to 2030....

Published: April 2022   

District Heating & Cooling Market405 Pages

District Heating & Cooling Market size exceeded USD 270 billion in 2021 and is anticipated to grow at over 5% CAGR from 2022 to 2028....

Published: April 2022   

U.S. Geothermal Heat Pump Market170 Pages

U.S. Geothermal Heat Pump Market size valued at USD 2 billion in 2021 and is expected to grow at a CAGR of over 4% from 2022 to 2028....

Published: April 2022   

Industrial Heat Pump Market510 Pages

Industrial Heat Pump Market size valued at USD 1 billion in 2021 and is projected to expand at over 5% CAGR from 2022 to 2028. ...

Published: March 2022   

Geothermal Heat Pump Market250 Pages

Geothermal Heat Pump Market Size valued at over USD 3.5 billion in 2021 and is anticipated to grow at a CAGR of more than 4% from 2022 to 2028. ...

Published: January 2022   

North America Residential Heat Pump Market236 Pages

North America Residential Heat Pump Market Size surpassed USD 14 billion in 2021 and is set to grow at a CAGR of over 8% between 2022 and 2028....

Published: September 2021   

North America Air to Water Heat Pump Market120 Pages

The North America air to water heat pump market exceeded USD 600 million in 2020 and its annual installation is estimated to exceed 270 thousand units by 2027 due to soaring space heating demand from residential and commercial applications....

Published: September 2021   

U.S. Residential Heat Pump Market590 Pages

U.S. Residential Heat Pump Market Size was valued at over USD 13 billion in 2020 and is set to grow at a CAGR of 5% between 2021 and 2030....

Published: April 2021   

Europe Industrial Heat Pump Market170 Pages

Europe industrial heat pump market exceeded USD 180 million in 2020 and is set to register more than 6% CAGR between 2021 and 2027, supported by increasing governmental efforts toward reducing the carbon emissions. ...

Published: September 2020   

Europe Air To Water Heat Pump Market320 Pages

Europe Air to Water Heat Pump Market size exceeded USD 2.5 billion in 2019 and annual installation is anticipated to exceed 690 thousand units by 2026....

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