openPR Logo
Press release

Air Source Heat Pump Market 2018 – 2024 Eminent industry players across market include Bosch Thermotechnology, A.O. Smith, Carrier, Mitsubishi Electric, Daikin Industries, Fujitsu General, Johnson Controls, Husky Heat Pumps, LG Electronics, Panasonic, a

01-17-2019 12:25 PM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

Air Source Heat Pump Market 2018 – 2024 Eminent industry

Air Source Heat Pump Market size is set to surpass USD 50 billion by 2024; as reported in the latest study by Global Market Insights, Inc.

Stringent regulatory measures toward reduction of carbon emissions by promoting the applications of various sustainable technologies will foster the air source heat pump market. The government of UK has introduced Renewable Heat Incentive (RHI) scheme with an aim to encourage utilization of renewable technologies in businesses, homes and local communities. Increasing disposable income in developing countries along with growing demand for high-level comfort will further propel the industry growth.

Request for Sample Copy of this research report @

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.

Major participants in the air source heat pump market include
• Johnson Controls
• Daikin Industries
• Mitsubishi Electric
• Carrier
• Fujitsu General
• Bosch Thermotechnik
• BDR Thermea Group
• Dimplex
• Colmac
• Panasonic
• Climaveneta
• LG Electronics
• Vaillant

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.

Make an inquiry for purchasing this report @

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.

Browse key industry insights spread across 630 pages with 1130 market data tables & 49 figures & charts from the report @

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.

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Explore Our Blog @

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Air Source Heat Pump Market 2018 – 2024 Eminent industry players across market include Bosch Thermotechnology, A.O. Smith, Carrier, Mitsubishi Electric, Daikin Industries, Fujitsu General, Johnson Controls, Husky Heat Pumps, LG Electronics, Panasonic, a here

News-ID: 1507973 • Views: 286

More Releases from Global Market Insights, Inc.

Hypochlorite Bleaches Market to hit US$ 300 Mn 2025 | Top Key Players like Adity …
As per the research report by Global Market Insights, Inc., Global Hypochlorite Bleaches Market to cross USD 300 million by 2025 and grow at 3.4% CAGR from 2019 to 2025. It has been projected that the Global hypochlorite bleaches market is expected to reach a consumption of around 485-kilo tons by 2025. Water scarcity as well as rising water costs have led to more emphasis being laid on water recycling and
Feminine Hygiene Products Market: Growing awareness regarding intimate health in …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Feminine Hygiene Products Market. One of the most hushed topics across the world is female hygiene, the negligence of which results in several diseases. Studies claim that nearly 30% to 60 % women across the globe develop urinary tract infection once in their lifetime, mainly due to negligence in proper intimate hygiene. Dearth of knowledge regarding the negative consequences of
Examination Gowns Market 2020 business trends & growth opportunities to 2026
Global Market Insights, Inc., announces an ongoing comprehensive report on the Examination Gowns Market. The exposure to various kinds of hospital acquired infections has led to a spate of health problems for the healthcare professionals as well has the patients. In this regard, experts have been massively shifting to adoption of personal protective equipment or clothing, examination gowns, protecting them from all kinds of infections. These gowns are present in the
Nonwoven Packaging Market to witness increased demand from pharmaceutical sector …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Nonwoven Packaging Market. With the world struggling to fight against negative consequences of industrialization and increased carbon emissions, nonwovens or nonwoven fabrics have emerged as an intrinsic solution for all ecological imbalances across the globe. These fabrics are made from staple fiber and long fibers, merged together by chemical, heat, or mechanical treatment. These are generally used in textile manufacturing

All 5 Releases

More Releases for Heat

Moving from heat waste to heat recovery
The project Mitsubishi Electric Hydronics & IT Cooling Systems, through its brand Climaveneta has recently supplied two heat pumps for Fortum’s district heating in Espoo, Finland. Fortum, a Finnish energy company, will utilize waste heat from a data center and supply the heat into a district heating network. The data center belongs to Ericsson, a multinational networking and telecommunications equipment and services company based in Sweden. A win-win solution Ericsson needed more cooling
Global Automotive Heat Shield Market
The management of heat is becoming complex with the growing number of temperature-sensitive and sophisticated components in modern vehicles that have to be protected from heat. The demand of heat shielding technology has been increasing along with the number of applications in automotive industry. Minimal cooling air flows, tightly packed components, engine encapsulation, exhaust gas turbochargers and catalytic converter technology result in high temperatures within the area of the underbody,
Global Heat Pipe Heat Exchanger Market Research Report 2017
Summary This report studies Heat Pipe Heat Exchanger in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering Mitsubishi Electric Corporation Nortek Air Solutions Munters Corporation Greenheck RenewAire DRI Innovative Air Solutions Reznor Zehnder America Ruskin Rooftop System Market Segment by Regions, this report splits Global into several key Regions, with production, consumption, revenue, market share and growth
Global Heat Pumps Market 2017 - Vaillant , Trane, Thermia Heat Pumps
The report entitled Global Heat Pumps Market 2017 presents key insights into the global Heat Pumps market along with the latest up-to-date industry details and forthcoming Heat Pumps industry trends, which will assist the readers to focus on product specification and end users driving the overall market revenue and profitability. Report Keynotes: The main motive of the report on "Global Heat Pumps Market 2017" is to study comprehensive details of the market
Geothermal Heat Pumps Market’s Key Threat: Air Source Heat Pumps
The global geothermal heat pumps market is driven by the rising focus of consumers on low-cost energy alternatives. Furthermore, the significant cost savings along with the environmental benefits associated with geothermal heat pumps will also drive the market. The attractive payback period associated with the installation of geothermal heat pumps in newly-built or green homes is also propelling the global geothermal heat pumps market. Another key factor driving the global
Heat Shrinkable Tubing,Heat Shrink Tubing
Yamuna Cable Accessories Ltd is a stocking distributor of premium brand specialist equipment to the Electronics, the background of our personnel includes cable accessories. The product line is dedicated to accessories and auxiliary equipment needed to manufacture cable. We use the best quality of raw materials & machines to manufacture these accessories. his in depth understanding and knowledge aids in the integration of the integration of accessories to the entire