Heat Pump Market 2020 Analysis by Global Manufacturers – Carrier Corporation, Daikin, Danfoss, Mitsubishi Electric, NIBE, Airwell, BDR Thermea, Bryant Heating & Cooling

The Heat Pump Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. We analyzed the impact of COVID-19 (Corona Virus) on the product industry chain based on the upstream and downstream markets, on various regions and major countries and on the future development of the industry are pointed out.

Heat pumps represent systems that ‘pump’ or move heat from one place to another by using a compressor and a circulating structure of liquid or gas refrigerant, through which heat is extracted from outside sources and pumped indoors. Pumping the heat uses less electricity as compared to when electricity is solely used as a means to convert it. During the summers, the cycle can be reversed and the unit acts like an air conditioner. Heat pumps are rising in popularity in the UK , due to the fact that the government recently started to implement a number of new schemes, which make the transition to green living smoother and more affordable. These practices have managed to catch the attention of the British population, and subsequently increasing the popularity of renewable energy technology.

As the UK is laying more focus on achieving Net Zero, around 19 million heat pumps are expected to be installed in new builds alone. There is also a huge opportunity for retrofits to get heat pumps as a replacement.

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COMPANIES COVERED (SALES, PRICE, REVENUE, VOLUME, GROSS MARGIN AND MARKET SHARE)- Carrier Corporation, Daikin, Danfoss, Mitsubishi Electric, NIBE, Airwell, BDR Thermea, Bryant
Heating & Cooling, Emerson Climate Technologies, Enertech and Other.

For climates with moderate heating and cooling needs, heat pumps offer an energy-efficient alternative to furnaces and air conditioners. Like your refrigerator, heat pumps use electricity to move heat from a cool space to a warm space, making the cool space cooler and the warm space warmer. During the heating season, heat pumps move heat from the cool outdoors into your warm house and during the cooling season, heat pumps move heat from your cool house into the warm outdoors. Because they move heat rather than generate heat, heat pumps can provide equivalent space conditioning at as little as one quarter of the cost of operating conventional heating or cooling appliances.

Carrier’s New High Temperature Heat Pump Harvests Energy from Rivers, Lakes and Industrial Process Water

LEATHERHEAD, United Kingdom - Jul. 10, 2019: Carrier has introduced a new high efficiency water-to-water heat pump for harnessing energy from rivers, lakes and industrial process applications that can deliver high temperature water up to 65 degrees Celsius for sanitary use or radiator heating. Carrier, a world leader in high-technology heating, air-conditioning and refrigeration solutions, is a part of Carrier, a leading global provider of innovative heating, ventilating and air conditioning (HVAC), refrigeration, fire, security and building automation technologies.

The Eurovent-approved Carrier AquaSnap® 61WG monobloc water-to-water heat pump is available in six sizes with heating capacities ranging from 29kW to 235kW at typical water conditions of 30/35 degrees Celsius, or 26kW to 200kW at higher temperature water conditions of 55/65 degrees Celsius. It is designed for medium to large commercial applications requiring high temperature sanitary hot water, such as hotels, hospitals, universities and leisure facilities. Alternatively, it can be used for heating with traditional radiators appropriately sized for up to 50 degrees Celsius, in line with current industry best practice guidance.

Daikin launches monobloc heat pump

27 November 2020 -- Daikin’s Altherma 3 M is the company’s first monobloc heat pump which uses R-32 refrigerant and is more compact, connected and sustainable than its predecessors. The R-32 refrigerant offers higher performances and energy efficiency, while reducing CO2 emissions. The monobloc heat pump can be controlled remotely via the recently updated Daikin Residential Controller app with a voice assistant feature.
The Daikin Altherma 3 M’s compact and improved design allows it to fit many different types of homes and large new buildings and makes it aesthetically pleasing. Its monobloc set-up only requires an outdoor unit as it only has one fan. It is easy to install as it is a single unit and includes most wiring, simply requiring water connections to the inside of the house.

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Market Segmentation:

Segmentation by Type

Air-to-Air
Air-to-Water

Segmentation by Application

Residential
Commercial
Industrial

INFLUENCE OF THE HEAT PUMP MARKET REPORT:

-Comprehensive assessment of all opportunities and risk in the Heat Pump market.
- Heat Pump market recent innovations and major events.
-A detailed study of business strategies for growth of the Heat Pump market-leading players.
-Conclusive study about the growth plot of Heat Pump market for forthcoming years.
-In-depth understanding of Heat Pump market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Heat Pump market.

WHAT ARE THE MARKET FACTORS THAT ARE EXPLAINED IN THE REPORT?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on regional scale.

Analytical Tools: The Heat Pump Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

The report has 150 tables and figures browse the report description and TOC:

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FIND OUT:

• Heat Pump market: Where are the opportunities? What does the future look like for Heat Pump? What will be the market size in the next 5 years?

• Market trends: What is driving the market? Where are the key players? What are their strategies? What is holding the market behind? Where is the industry heading for in the short and long-term? How are new developments expected to change the market?

• Technology: How are new technologies shaping the market?

What are the new revenue channels which companies can explore for growth?

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