Heat Pump Market :How COVID19 impacting on the Industrial Automation and Machinery industry? With Top Players Mitsubishi Electric Corporation, United Technologies, Panasonic, Glen Dimplex Group

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Global air-air heat pump based market was valued at US$ 3,257.6 Mn market in 2018 and is forecast to reach a value of US$ 5,554.2 Mn by 2027 at a CAGR of 6.0% between 2017 and 2027.

The report draws an attention to key players details such as corporate profiles, product price, sales, revenue, and product specification. Then it gives special importance to the dealers, distributors, marketing network, and forecast. The ending part of this report shades light on the market landscape and its growth prospects over the coming years. Heat Pump Market report also covers all the regions and countries of the world, which shows a regional development status.

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Major Keyplayers Like : 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
Enertech Group Ltd.
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Market Trends

Hybrid pumps are expected to witness significant demand in the near future

End users around the world are preferring hybrid heat pump for various industry segments. These pumps are a combination of air source heat pumps and gas boiler/solar heaters. These pumps are gaining significant demand across the globe, especially in Europe. Key players operating in the market are Daikin, Bosch Thermotechnik GmbH, Vaillant, Viessmann, Dimplex, and Ariston provide hybrid heat pumps. Hybrid pumps offer numerous benefits such as switching automatically two heating methods namely electricity or gas boiler heaters, depending upon the prevalent weather conditions. Moreover, In APEJ hybrid heat pumps gaining more traction owing to its substantial cost savings and energy efficiency for domestic water heating purpose. China is the largest market for hybrid heat pumps.

Growing inclination towards use of eco-friendly refrigerants

Heat pumps that use natural refrigerants have gained significant traction in the market. Natural refrigerants such as carbon dioxide R744), ammonia (R717) and hydrocarbon are being increasingly preferred due to their environment-friendly properties. Moreover, aforementioned refrigerants are increasingly replacing hydroflurocarbon (HFC), owing to low global warming potential and no adverse effects on ozone layer. Moreover, CO2 refrigerant heat pumps demand in Japan is expected to increase during the forecast period, owing to increasing use of these pumps.

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Key Highlights of the Table of Contents:

Heat Pump Market Study Coverage:It includes key manufacturers covered, key market segments, the scope of
products offered in the global Colposcopy market, years considered, and study objectives. Furthermore, it
touches the segmentation study provided in the report on the basis of the type of product and applications.

Heat Pump Market Executive Summary: This section emphasizes on the key studies, market growth rate,
competitive landscape, market drivers, trends, and issues in addition to the macroscopic indicators.

Heat Pump Market Production by Region: The report provides information related to import and export,
production, revenue, and key players of all regional markets studied are covered in this section.

Heat Pump Market Profile of Manufacturers: Analysis of each market player profiled is detailed in this
section. This also provides SWOT analysis, products, production, value, capacity, and other vital factors of
the individual player.

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Heat Pump Market Report provides an in-depth analysis of the overall market, The ripple effect of Coronavirus-Covid19 on the market needs to become part of strategy discussions to emerge strong. The report focuses on major key players, production details, their application, countries and also analyzes the global and key regions market potential and advantage, opportunity, and challenge, restraints, and risks.

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