Press release
What’s Driving Air Source Heat Pump Market Trends? Carrier Corporation, NIBE, Daikin, Viessmann, Bosch Thermotechnology, A. O. Smith Corporation, Vaillant Group
The report Air Source Heat Pump Market Research highlights key dynamics of Global Air Source Heat Pump sector. The potential of the Air Source Heat Pump industry has been investigated along with the key challenges. The current Market scenario and future prospects of the sector has also been studied.DEC Research forecasts the Air Source Heat Pump market to grow from 30 billion in 2017 to 50 billion by 2024.
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Citing an instance of the rising significance of air source heat pumps in the energy-related policies of various states and nations, the New York State Energy Research and Development Authority has initiated an ambitious ‘Air Source Heat Pump’ program in 2017. The initiative was aimed at reducing dependency on fossil fuels and integrate energy efficiency. Needless to mention, such initiatives have been altering the dynamics of the global air source heat pump market which garnered a remuneration portfolio of approximately USD 30 billion in the year 2017.
Air Source Heat Pump Market Key Players are
• Carrier Corporation
• NIBE
• BDR Thermea Group
• Daikin
• Viessmann
• Bosch Thermotechnology
• O. Smith Corporation
• Vaillant Group
• Mitsubishi Electric Corporation
• Toshiba
• Danfoss
• Panasonic Corporation
• Johnson Controls
• Inc.
• LG Electronics
• Bryant Heating & Cooling Systems
• Samsung HVAC
• Swegon Group AB
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.
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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.
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.
Table of content:
Chapter 4 Air source heat pump Market, By Product
4.1 Air source heat pump market share by product, 2017 & 2024
4.1 Air to air
4.1.1 Global market from Air to air, 2013 - 2024
4.1.2 Global market from air to air, by region, 2013 - 2024
4.2 Air to water
4.2.1 Global market from air to water, 2013 - 2024
4.2.2 Global market from air to water, by region, 2013 - 2024
You may also like our other trending report:
Wastewater Recovery System Market
Read More: https://www.globenewswire.com/news-release/2018/03/27/1453422/0/en/Wastewater-Recovery-Systems-Market-worth-over-50-billion-by-2024-Global-Market-Insights-Inc.html
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DecResearch.com, powered by Global Market Insights, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed 'Table of Contents' for reports being regularly published by GMI.
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