openPR Logo
Press release

$50bn opportunity by 2024 for Air Source Heat Pump Market | Analysis by Key Players Johnson Controls, Daikin, Mitsubishi Electric, Carrier Corporation, NIBE, Fujitsu General America, Inc., Bosch, BDR Thermea Group, Panasonic USA, Climaveneta, A.O. Smith,

Air Source Heat Pump Market

Air Source Heat Pump Market

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.

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.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2393

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Johnson Controls
2. Daikin Industries
3. Mitsubishi Electric
4. Carrier
5. NIBE
6. Fujitsu General
7. Bosch Thermotechnik
8. BDR Thermea Group
9. Dimplex
10. Colmac
11. Panasonic
12. Climaveneta
13. A.O. Smith
14. LG Electronics
15. Danfoss
16. Vaillant

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.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2393

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.

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.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/air-source-heat-pump-market

Industrial applications are projected to gain over 4% on account of significant increase in the production facilities across Latin America and Asia Pacific region. Reduced energy consumption and environmental impact are some of the key features which will further embellish the ASHP Market.

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.

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 methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
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 $50bn opportunity by 2024 for Air Source Heat Pump Market | Analysis by Key Players Johnson Controls, Daikin, Mitsubishi Electric, Carrier Corporation, NIBE, Fujitsu General America, Inc., Bosch, BDR Thermea Group, Panasonic USA, Climaveneta, A.O. Smith, here

News-ID: 1571084 • Views: 663

More Releases from Global Market Insights, Inc.

Global sodium metasilicate pentahydrate market size by 2025 | Top Companies are …
Global Market Insights, Inc., says that sodium metasilicate pentahydrate market may exceed USD 875 million by 2025. Sodium metasilicate pentahydrate market is expected to accrue momentous proceeds from the cement industry. The product is used as a connecting agent in the making of refractory cement & can enable properties such as chemical and heat resistance and hardness. It has also found application in the cosmetic, textile, ceramics, chemical production, and
Vinyl ester market Growth in Europe, Impact Covid19 and Top key players like Swa …
Vinyl ester market to be fueled by increasing deployment of wind energy facilities, Europe to emerge as a pivotal revenue pocket. In 2017, Europe marked a growth of 25% in the wind power plant capacity annual installation as compared to 2016. Whereas wind energy was the second-largest source of power generation power in the year 2016 in Europe. Nations worldwide are actively aligning their focus toward the deployment of wind
Biaxially Oriented Polypropylene (BOPP) Market Size, Share by key players like B …
Biaxially oriented polypropylene (BOPP) market size to reach USD 20 billion by 2024. Growing focus on superior packaging for the protection of delicate good, foods, medicines, and others will favor BOPP business growth in the coming years. Rapid proliferation of e-commerce platforms along with changing consumer spending trends will drive biaxially oriented polypropylene (BOPP) market outlook. In a world of constantly-changing lifestyles, consumers expect products to be shatter-proof, lightweight, aesthetically appealing,
Titanium Dioxide Market to see 7%+ CAGR over 2021-2026 | Key Players are Tronox …
Titanium Dioxide Market growth will be driven by rising expansion activities in the paints & coatings sector and proliferating application in paper & pulp industry. For years, titanium dioxide (TiO₂) has been used in the manufacturing of numerous consumer products across various industries. The product finds applications in paints, adhesives, coatings, paper, rubber, printing inks, textiles, coated fabrics, ceramics, roofing materials, floor coverings, and cosmetics. Surging in product demand across

All 5 Releases


More Releases for Heat

Heat Exchangers Market
The global heat exchanger market size is estimated at $15.3 billion in 2019, and is expected to grow by 6.0% annually to reach $20.5 billion by 2025. Heat exchangers are the main equipment or devices when it comes to heat transfer and energy saving. It is a device that transfers energy between two or more process fluids. Various types of heat exchangers have been developed for a wide range of domestic
Keeping the heat out
Vertical roller blinds make sure the house stays cool and save energy at the same time. Climate change has been blessing / cursing us with hot summers for a few years already. To keep temperatures bearable in house, air conditioning units and fans are being used more and more. However, these tend to use a lot of power. Consequently it makes more sense to shade large vertical areas of glass with
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 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