Heat Pump Market 2020 Size, Demand, Cost Structures, and Future Forecasts to 2026
As per the report published by Allied Market Research, the global heat pump market was pegged at $52.4 billion in 2018 and is projected to reach $94.7 billion by 2026, growing at a CAGR of 7.7% from 2019 to 2026.
The global heat pump market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific dominated in 2018, holding more than two-fifths of the market. Moreover, the region is projected to portray the highest CAGR of 8.1% during the forecast period.
Download Sample PDF(222 Pages with More Insight):https://www.alliedmarketresearch.com/request-sample/5341?utm_source=referral&utm_medium=openpr&utm_campaign=vinit
Based on type, the air-to-air segment accounted for the largest heat pump market share of around 75% in 2018 and is anticipated to be the largest market during the forecast period.
As compared to electric resistance heating, i.e., furnaces and baseboard heaters, air-to-air heat pumps save 50% energy and that is why they are known to be energy efficient.
Based on application, the residential application segment dominated the global market in 2018. Residential buildings and housing spaces represent the need for space heating and cooling due to climate changes. This provides a scope of utilization for heat pumps in the residential sector and make it a prominent application segment over others.
Get detailed COVID-19 impact analysis on the Heat Pump Market:https://www.alliedmarketresearch.com/request-for-customization/5341?reqfor=covid&utm_source=referral&utm_medium=openpr&utm_campaign=vinit
Key Findings Of The Study:
• Based on type, the air-to-air segment emerged as the global leader by acquiring a 78% market share in 2018. Superior energy efficiency, its use as a legitimate space heating alternative in colder regions, and cost-competitive use are the factors that drive their use across the globe.
• Based on application, the residential segment acquired more than 75% market share in 2018 in response to an increase in need for economical and energy-efficient space heating, cooling, and sanitary hot water.
• Asia-Pacific emerged as the global leader in the global heat pump market with around 40% market share in 2018. This is attributed to high adoption of a heat pump as an alternative to fuel-based heating methods, growth inresidential spaces and resulting demand for heating products, and favorable government regulation.
The global heat pump market report includes an in-depth analysis of the major market players such as Daikin Industries Ltd., Ingersoll Rand Plc, Glen Dimplex Group, Mitsubishi Electric Corporation, Melrose Industries PLC, StiebelEltron, NIBE Industrier AB, ViessmannWerke GmbH & Co. KG, Vaillant Group, and Panasonic Corporation.
For Any Query Connect with Our Analyst:https://www.alliedmarketresearch.com/connect-to-analyst/5341?utm_source=referral&utm_medium=openpr&utm_campaign=vinit
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free (USA/Canada): +1-800-792-5285, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research/
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
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 Heat Pump Market 2020 Size, Demand, Cost Structures, and Future Forecasts to 2026 here
News-ID: 2099715 • Views: 219
More Releases from Allied Market Research
Cloud-based VDI Market Expected to Reach $ 10,154 million by 2023, Growing at a …
The Objective of the Cloud-based VDI Market report is to depict the trends and upcoming for Cloud-based VDI Industry over the forecast years. In Cloud-based VDI Market report data has been gathered from industry specialists/experts. Although the market size of the market is studied and predicted from 2017 to 2023 mulling over 2016 as the base year of the market study. Attentiveness for the market has increased in recent decades
Railway Management System Market Is Booming Worldwide To Generate Huge Revenue B …
The Objective of the Railway Management System Market report is to depict the trends and upcoming for Railway Management System Industry over the forecast years. In Railway Management System Market report data has been gathered from industry specialists/experts. Although the market size of the market is studied and predicted from 2017 to 2023 mulling over 2016 as the base year of the market study. Attentiveness for the market has increased
Next Generation Storage Devices Market Has High Potential To Grow in a Coming Ye …
The Objective of the Next Generation Storage Devices Market report is to depict the trends and upcoming for Next Generation Storage Devices Industry over the forecast years. In Next Generation Storage Devices Market report data has been gathered from industry specialists/experts. Although the market size of the market is studied and predicted from 2015 to 2022 mulling over 2014 as the base year of the market study. Attentiveness for the
Supply Chain Management Software Market Will Show Admirable Growth in Coming Yea …
The Objective of the Supply Chain Management Software Market report is to depict the trends and upcoming for Supply Chain Management Software Industry over the forecast years. In Supply Chain Management Software Market report data has been gathered from industry specialists/experts. Although the market size of the market is studied and predicted from 2020 to 2027 mulling over 2019 as the base year of the market study. Attentiveness for the
More Releases for Based
Increasing demand for biologics for various chronic diseases and rising investment in R&D for the production of biologics is expected to contribute significantly to the growth of plant-based biologics market. According to Biotechnology Innovation Organization (BIO) 2015, over 250 biologic therapies and vaccines have changed the lives of hundreds of millions of patients. Moreover, according to the same source, over 900 biologics are currently (2018) under the stage of development
Hospital-based EMR Market
Electronic medical record (EMR) is a digital version of a paper chart, which contains a patient's medical history. This system is designed to share information with other healthcare providers such as laboratories and specialists. It helps to reduce operational cost such as transcription services and overtime labor expenses. Get Sample PDF of Report@ https://www.alliedmarketresearch.com/request-toc-and-sample/3219 Increase in demand for advanced health monitoring systems drives the growth of the market. In addition, rise in
Plant Based Beverages Market
https://www.qandqmarketresearch.com/reports/7360187/plantbased-beverages-market-87 Plantbased products include plantbased beverages that are further classified into plantbased dairy alternatives, juices, and readytodrink beverages. The plantbased beverages segment is expected to witness a growing CAGR of 6.5% by 2025, owing to the changing eating habits of consumers. Consumers are more conscious about health and wellness than before, and want to consume products that are healthy and natural without compromising on the taste and flavor of the product. Increasing
Plant-based Snacks Market
https://www.qandqmarketresearch.com/reports/7287268/plantbased-snacks-market-24 Plantbased products are those products that are made entirely from plantbased ingredients, and limit or restrict any use of animalbased products. Plantbased products include plantbased snacks, which are further classified into meat alternative snacks, cereal/grainbased snacks, plantbased salted snacks, plantbased snack bars, and fruit and nut snacks. Based on regional segmentation for the plantbased snacks market, North America, Western Europe, and Asia Pacific are estimated to dominate the global plantbased
Account Based Marketing
Today, most of the marketing organizations are moving towards the Account Based Marketing ( ABM ) . The ABM approach has been there for years but the recent technologies available have made this approach scalable and hence more effective and popular. The traditional marketing approach has been around attracting your prospects from a larger pool. The account based marketing is about targeting accounts based on your best business connection. It is
Clinical Nutrition Market 2016: Infant, Milk-based, Soy-based
Latest industry research report on Clinical nutrition products are type of pharmaceutical products, which help to keep patient healthy. They aid to improve metabolic system of the body by providing adequate supplements such as minerals, vitamins and others. Rising instances of chronic and lifestyle diseases and increasing population that receives malnutrition treatment are the major factors responsible for driving the growth of the market. Furthermore, rise in global population, disposable