Industry Experts - Market Research

Heating, Cooling and Hot Water Heat Pumps Market to Grow by 11% CAGR (2014-2020) to Reach $116 billion

Monday 17 Mar 2014

Heating, Cooling and Hot Water Heat Pumps Market to Grow by 11% CAGR (2014-2020) to Reach $116 billion

Industry Experts has today added the industry's most comprehensive and exclusive research report on Heat Pumps global market. The new report ‘Heat Pumps (Heating, Cooling and Hot Water) – A Global Market Overview’ provides an in-depth analysis of heat pumps. The report also exclusively analyzes the Air-Air heat pumps segment, along with the illustration of global and regional markets for Ground Source heat pumps and Air-Water heat pumps.

Bolstered by increasing consumer preference for more environmental friendly and energy efficiency, the demand for heat pumps is anticipated to grow at a robust rate. The phenomenon is well backed by energy policies, regulations and incentives by the government. Among various types of heat pump technologies, gas driven, hybrid and Co2 heat pumps are expected to gain the market share in the coming years. Since CO2 heat pumps offer a climate and ozone friendly and energy efficient technology alternative, demand for these heat pumps has been witnessing an increase across the residential and commercial sectors. Gas heat pumps (GHPs) offer an eco-friendly alternative for heating and cooling in commercial, industrial and residential buildings, with the capability of achieving up to 150% efficiency.

Heat pump types analyzed, for space cooling, space heating and sanitary hot water heating, in this study include air to air, air to water and ground source heat pumps. The global heat pumps market is estimated at 58.3 million units in 2013 and forecasted to grow at a 2014-20 CAGR of 10.6%. The heat pumps market worldwide is further projected to reach 116.9 million units by 2020. In terms of value, global demand for heat pumps is anticipated to reach a projected US$116.6 billion by 2020 from an estimated US$56.9 billion in 2013. Sales of air to water heat pumps were the fastest growing segment at a CAGR of 21.5% over 2007-2010, reaching 1.3 million units in 2010 from an estimated 730 thousand units in 2007. Further, volume sales of air to water heat pumps are likely to surpass the other heat pump categories by registering a 2014-2020 compounded annual growth rate of 13.6% in regions such as the United States and China.

The report reviews, analyses and projects the heat pumps market for global and the regional markets including North America, Europe and Asia-Pacific. The regional markets further analyzed for 23 independent countries across North America – The United States and Canada; Europe – Austria, Belgium, Bulgaria, Czech Republic, Denmark, Finland, France, Germany, Greece, Italy, The Netherlands, Norway, Poland, Spain, Sweden, Switzerland, The United Kingdom and Rest of Europe; and Asia-Pacific – China, Japan, South Korea, Australia and Rest of Asia-Pacific.

This 500 pages most comprehensive global report on Heat Pumps market includes 273 charts (includes a data table and graphical illustration for each chart), supported with meaningful and easy to understand graphical presentation of market numbers. The statistical tables represent the data for the global heat pumps market volume in units and value in USD by geographic region and heat pump type. The report profiles 42 key global players and 156 major players across North America – 30; Europe – 100; and Asia-Pacific – 26. The report also provides the listing of the companies engaged in the manufacturing and supply of heat pumps. The global list of companies covers addresses, contact numbers and the website addresses of 418 companies.

Hyderabad, India based Industry Experts is a multi industry focused business information provider.

For more details, please visit https://industry-experts.com/verticals/manufacturing/heat-pumps-heating-cooling-hot-water-air-water-ground-a-global-market-overview.html