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Global Heat Pumps Market Size | COVID-19 Impact Analysis | Forecast to 2026

01-13-2021 09:49 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

The global heat pumps market is estimated to record a substantial CAGR of 7.8% during the forecast period (2020-2026). With the demand for meeting zero energy emissions by 2050, the HVAC industry is witnessing a rapid phase lift where COP and SEER ratings are being increased to meet modern requirements. The heat pump associations of various regions are working in full swing to develop policies and frameworks that can eventually lead to higher penetration of heat pumps within a decade. As relying on electricity can be more favorable than other sources like coal and gas, cleaner power generation through solar and hydrothermal electricity coupled with heat pumps are considered the next big opportunity in the HVAC industry.

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The global heat pumps market suffered a slowdown on account of the COVID-19 crisis as most of the economic activities were halted in 2020, especially during Q1 and Q2 2020. The pandemic has enforced corporates, building owners, and project designers to re-assess the costs associated with operational items including lighting, electricity, waste management, energy efficiency, utility bills, air quality, cooling requirements, and much more. As a result of the assessment, the evolution and transmission of buildings into a sustainable hub for optimized well-being for employees and owners is expected which can lead to better adoption of products like heat pumps in the coming years. The upcoming project designs might be also more flexible, climate-friendly, and efficient.

A Full Report of Global Heat Pumps Market is Available at: https://www.omrglobal.com/industry-reports/heat-pumps-market

Market Coverage

The market number available for – 2019-2026
Base year- 2019
Forecast period- 2020-2026
Segment Covered- by Product Type, Capacity and End-user
Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
Competitive Landscape- Carrier Corp., Daikin Industries, Ltd.; Mitsubishi Electric Corp., NIBE Industrier AB, and Danfoss A/S.

Global Heat Pumps Market Report Segment

By Product Type

Air Source
Water Source
Ground Source

By Capacity

20W

By End-user

Commercial
Industrial
Residential

Global Heat Pumps Market Report Segment

North America

United States
Canada

Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Rest of the World

Company Profiles

ASCLER
BDR Thermea Group
Carrier Corp.
Daikin Industries, Ltd.
Danfoss A/S
Fujitsu General, Ltd.
Glen Dimplex Deutschland GmbH
GEA Group Aktiengesellschaft

Reasons to Buying From us –

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/heat-pumps-market

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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