Air Source Heat Pump Market Focusing on Top Key Players – Bosch Thermotechnology, A.O. Smith, Carrier, Mitsubishi Electric, Daikin Industries, NIBE, Johnson Controls, Danfoss, BDR Thermea Group, Dimplex, Husky Heat Pumps, LG Electronics
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Lower cost, ease of installation, less maintenance requirement and energy efficiency are some of the eminent features which will propel the global air source heat pump market size. It is a product alternative for various space cooling and heating technologies owing to its additional features when compared with conventional systems. An ASHP has the Coefficient of Performance (COP) value of around 2.8 which can result into reduction in running cost of 3.5% when compared with a gas boiler.
China air source heat pump market size will witness strong growth on account of various promotion schemes to accelerate the usage of low-carbon energy. Flourishing real estate industry have led to high construction activities owing to rapid urbanization will further encourage the product adoption. As per the World Economic Forum, in China, up to 2 billion square meters of buildings are constructed every year.
Energy consumption reduction targets along with renovation of existing buildings will embellish the France air source heat pump market growth. The country has targeted 38% reduction of energy consumption through buildings by 2020 and 400 thousand dwellings every year to be energy renovated from 2013. Extreme climatic conditions resulting into unfavorable working environment across the European countries will further expand the industry growth over the forecast period.
Growing investments toward clean air projects to reduce its reliance on fossil fuels will positively impact the air source heat pump market size. In 2016, World bank approved USD 500 million loan for Beijing clean-air projects to help control air pollution in China. Increasing electricity bills owing to rise in operating cost along with increase in fuel prices will further complement the business outlook.
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Industrial applications are anticipated to expand over 4% owing to significant rise in the manufacturing facilities across Asia Pacific and Latin America region. Reduced environmental impact and energy consumption are some of the prominent features which will further stimulate the air source heat pump market size.
Less operating cost and zero expenses requirement for ground works along with its ability to be used as a standalone system will positively influence the air to air heat pump market share. Technological advancement across the industry to meet the rising product demand of customers will further complement the business growth.
Air source heat pump market research report includes an in-depth coverage of the industry with estimates & forecast in terms of Units and USD from 2013 to 2024, for the following segments:
• Air Source Heat Pump Market, By Product
• Air to air
• Air to water
Air Source Heat Pump Market, By Application
• Single-family Houses
• Multi-family Apartments
• Residential, by product
• Domestic Hot Water Heat Pump
• Room Heat Pump
• Logistics & Transportation
Table of content
Chapter 1 Methodology
Chapter 2 Executive Summary
Chapter 3 Air Source Heat Pump Industry Insights
Chapter 4 Air source heat pump Market, By Product
Chapter 5 Air Source Heat Pump Market, By Application
Chapter 6 Air source heat pump Market, By Region
Chapter 7 Company Profiles
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