Air Source Heat Pump Market Growth Potential and Competitive Market Share Analysis with Profiles of Companies Like Daikin Industries, Johnson Controls, Mitsubishi Electric, Fujitsu General, NIBE, Carrier, A.O. Smith, Vaillant, Dimplex, BDR Thermea Group

This 2018 Air Source Heat Pump market report provides 2024 forecasts built using statistical analysis while covering data from primary research as well as secondary sources that help gain market insights and provide industry growth expectations.

Air Source Heat Pump Market is predicted to reach over USD 50 billion by 2024. Stringent government measures to curb the GHG emissions by encouraging the applications of wide ranging sustainable technologies will drive the air source heat pump market. Regulators across the UK introduced the Renewable Heat Incentive scheme to encourage the use of renewable technologies in home, businesses and local communities.

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Minimized cost, easy installation, energy efficiency and less maintenance are the key features which will enhance the global ASHP Market. It acts as an alternate product for various space heating and cooling technologies on account of its additional features in comparison to conventional systems. An air source unit has the Coefficient of Performance value of approximately 2.8 which may result into decline in the operating cost of 3.5% in comparison to a gas boiler.

China air source heat pump market is set to witness robust growth owing to various promotional schemes to stimulate the use of low-carbon energy sources. Growing real estate business have led to increase in construction activities on account of rapid urbanization will boost the product adoption. As per World Economic Forum (WEF), in China, around 2 billion square meters of buildings are built annually.

Growing government targets toward energy consumption coupled with refurbishment of existing buildings will enhance the France ASHP market growth. The country targeted to reduce 38% of energy consumption through the buildings by 2020 & 400 thousand houses to be energy refurbished annually from 2013. Extreme climate conditions resulting into unfavorable work atmosphere across the European countries will further enhance the business growth over the forecast period.

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Increasing investments toward clean air projects to reduce the dependence on conventional fuel will enhance the ASHP Market. The World bank, in 2016, approved a loan of USD 500 million for Beijing clean-air projects to enable control air pollution in China. Escalating energy bills on account of rising operational cost along with rising fuel prices will further enhance the business landscape.

Zero expenses requirement for ground works and less operating cost coupled with its capability to be used as a separate system or an effective way to complement existing conventional cooling & heating systems will drive air to air heat pump market. Technological developments across the industry to cater the increasing product demand of consumers will further impact the business growth.

Eminent players in the air source heat pump market includes Daikin Industries, Johnson Controls, Mitsubishi Electric, Fujitsu General, NIBE, Carrier, A.O. Smith, Vaillant, Dimplex, BDR Thermea Group, Bosch Thermotechnik, Colmac, Climeveneta, Panasonic, Danfoss and LG Electronics.

Table of Contents

Chapter 3 Air Source Heat Pump Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 - 2024 (USD Million)
3.3 Industry ecosystem analysis
3.3.1 Vendor Matrix
3.4 Innovation & sustainability
3.5 Heat pump industry trends and outlook
3.6 Cost structure break down of air source heat pump
3.7 Comparative analysis between air source & gas-driven heat pump
3.8 Raw material cost analysis
3.9 Heat pump manufacturing capacity and utilization for leading countries
3.10 Regulatory landscape
3.10.1 U.S.
3.10.1.1 Air-Source Heat Pump Program
3.10.1.2 Residential Air Source Heat Pump Schedules and Product Codes
3.10.1.3 International Organization for Standardization
3.10.1.4 Federal Energy Management Program
3.10.1.5 New California Building Efficiency Standards
3.10.2 Europe
3.10.2.1 Heat Pumps and EU targets
3.10.2.2 Key Laws
3.10.2.3 Energy Efficiency Plan 2011
3.10.3 UK
3.10.3.1 The Renewable Heat Incentive Scheme Regulations
3.10.3.2 The UK's National Energy Efficiency Action Plan
3.10.3.3 CRC Energy Efficiency Schemes
3.10.4 Ireland
3.10.4.1 The Heat Pump Association of Ireland
3.10.5 Germany
3.10.5.1 German Energy Saving Ordinance (EnEV)
3.10.5.2 Energy Concept-The Energy Strategy
3.10.6 Asia Pacific
3.10.7 China
3.10.7.1 China Medium and Long-Term Energy Conservation Plan
3.10.7.2 Regulation on Energy Conservation in Civil Buildings
3.10.8 Australia and New Zealand
3.10.8.1 Greenhouse and Energy Minimum Standards (Air Conditioners and Heat Pumps) Determination 2013
3.11 Industry impact forces
3.11.1 Growth drivers
3.11.1.1 Favorable regulatory framework
3.11.1.2 Growth in the renewable energy sector
3.11.1.3 Increasing demand for an energy-efficient system
3.11.1.4 Extreme climatic conditions
3.11.1.5 Rapid urbanization and commercialization
3.11.1.6 Increasing demand for space heating
3.11.2 Industry pitfalls & challenges
3.11.2.1 High upfront cost
3.12 Growth potential analysis
3.13 Porter's Analysis
3.14 Competitive landscape, 2017
3.14.1 Strategy dashboard
3.14.1.1 Danfoss
3.14.1.2 Mitsubishi Electric
3.14.1.3 Johnson Controls
3.14.1.4 Daikin
3.15 Mergers & acquisitions landscape
3.16 PESTEL Analysis

Chapter 4 Air source heat pump Market, By Product
4.1 Air source heat pump market share by product, 2017 & 2024
4.1 Air to air
4.1.1 Global market from Air to air, 2013 - 2024
4.1.2 Global market from air to air, by region, 2013 - 2024
4.2 Air to water
4.2.1 Global market from air to water, 2013 - 2024
4.2.2 Global market from air to water, by region, 2013 - 2024

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