Heat Pumps Market is Estimated to Reach a Value of US$70.319 Billion by 2025
The Rapid urbanization and industrialization that is happening globally across different regions have resulted in the continuous growth of many residential and industrial establishment sot grow and put forward the demand for efficient heating solutions and thus acting as a driving factor for the market growth over the forecast period.
Moreover, the increasing involvement and the participation of the market players in the industry by providing top-quality solutions and products in order to cater to the demand effectively, to boost their market position and contribute to the market growth is further bolstering the market growth over the forecast period.
By End-user, the residential sector is expected to hold a considerable market share over the forecast period and grow at a significant rate. This is attributable to the fact that the disposable income of the individuals among the lower-income and middle-income population is rising, and, also, the residential projects are also coming up, in countries such as India and China, which is causing an increased demand from that sector.
Geographically, Asia Pacific is expected to hold a notable market share over the forecast period owing to the rising influx of investments in both the residential and commercial industries in countries like China and India. Consequently, Rapid urbanization in the region coupled with growing construction activities also fuels the growth of the market in the region.
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The recent study on the Heat Pumps market covers an in-depth analysis of the market on the basis of type, capacity, end-user, and geography. The report also covers the country-level analysis within the regions as well. Additionally, the report covers the key trends in the market along with drivers and restraint during the forecast period 2019-2025. According to the report titled “Heat Pumps Market – Forecasts from 2020 to 2025”, the market is estimated to grow at a steady rate during the forecast period. The report has segmented the Heat Pumps Market by Type (air source heat pumps,water source heat pumps, ground-source (geothermal) heat pumps). By Capacity(up to 10kW, 10 to 30 kW, and above 30kW). By End-User (commercial, residential, and industrial) and By geography such as North America (United States, Canada, and Mexico), South America (Brazil, Argentina, and Others), Europe (Germany, France, United Kingdom, Spain, and Others), Middle East and Africa ( Saudi Arabia, UAE, and Others) and Asia Pacific (China, Japan, India, South Korea, and Others).
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and efficient understanding of the global Heat Pumps Market.
Major players covered as part of the report are Enertech Group, Panasonic, Danfoss, Carrier Corporation, Viessmann Group, STIEBEL ELTRON GmbH & Co. KG, Glen Dimplex, Johnson Controls (York), and Electrolux among others.
This report segmented the Heat Pumps Market on the basis following terms
• Air Source Heat Pumps
• Water Source Heat Pumps
• Ground Source (Geothermal) Heat Pumps
• Up to 10kW
• 10 to 30 kW
• Above 30kW
• United Kingdom
Middle East and Africa
• Saudi Arabia
• South Korea
Unique reasons to buyHeat Pumps Market report-
1. In-depth analysis with sufficient data points and references included.
2. Best possible insights in addition to a detailed analysis of drivers and restraints.
3. Comparison between the market players and in-depth analysis of their strategies through competitive benchmarking.
4. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments.
Scope of Research of Heat Pumps Market
1. The forecast period is from 2020 to 2025 with 2019 as the base year.
2. Leading industry trends and regulations, key business opportunities, drivers and restraints at the global and regional level
3. Strategies of the key players in analyzing the competitive benchmarking are provided in the report
4. Corporate profiles of leading players along with their financial profiles across regions and industry verticals can be provided on customization requests.
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