Press release
Heat Pump Market Danfoss Group Global, Daikin Industries, Ltd, StiebelEltron Gmbh & Co.KG, Bosch Thermotechnik GmbH, NIBE Global Group, Thermsaver Inc., Glen Dimplex Group, Viessmann Group, Mitsubishi Electric, Corporation, and Enertech Group Ltd.
Heat Pump
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Increasing consumption of energy in buildings is one of the major factors driving growth of the market
One of the major factors attributed to growth of the market is the rising consumption of energy in buildings. For instance, according to the International Energy Agency (IEA) analysis, in 2015, building and building construction sectors were accounted for around 37% of the global final energy consumption and around 40% of total direct and indirect CO2 emissions whereas, energy consumed by transportation sector was 28%, by iron, steel, and cement manufacturing industries was 30%, and others 5%, respectively.
Global Heat Pumps Market: Regional Insights
Asia Pacific is expected to grow with highest CAGR in the global heat pump market over the forecast period. Rapid urbanization, industrialization, and favorable government investments for the development of buildings are some of the factors leading to increasing investments in construction sector for building houses in emerging economies such as India and China.
Key players in Heat Pump Market
Key players operating in the global heat pump market include Danfoss Group Global, Daikin Industries, Ltd, StiebelEltron Gmbh & Co.KG, Bosch Thermotechnik GmbH, NIBE Global Group, Thermsaver Inc., Glen Dimplex Group, Viessmann Group, Mitsubishi Electric, Corporation, and Enertech Group Ltd.
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Global Heat Pump Market: Taxonomy
On the basis of product type, the global heat pump market is segmented into:
• Air to Air
• Air to Water
On the basis of rated capacity, the global heat pump market is segmented into:
• Up to 10 kW
• 10-20 kW
• 20-30 kW
• Above 30 kW
On the basis of end user, the global heat pump market is segmented into:
• Residential
• Commercial
• Industrial
On the basis of region, the global heat pump market is segmented into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa
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