Residential Air to Water Heat Pump Market 2021: Comprehensive Research Including Top Companies like-Daikin Industries Ltd, Mitsubishi Electric Europe B.V

Residential Air to Water Heat Pump Market by Component, Application, Services, and Region- Forecast to 2025

The Global Residential Air to Water Heat Pump Market Research Report 2021-2025 published by MarketInsightsReports is a significant source of keen information for business specialists. It furnishes the Residential Air to Water Heat Pump business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Residential Air to Water Heat Pump worth chain and its wholesaler examination. Residential Air to Water Heat Pump Market study gives extensive information which upgrades the agreement, degree, and use of this report.

The Residential Air to Water Heat Pump Market is expected to register a CAGR of 9% over the forecast period 2020 to 2025.

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Top Leading Companies of Residential Air to Water Heat Pump Market are Daikin Industries Ltd, Mitsubishi Electric Europe B.V, Ariston Thermo SpA, Ferroli S.p.A, Baxi Heating UK Ltd (BDR Thermia Group), Aermec SpA, Clivet S.p.A, Tecnocasa climatizzazione s.r.l., and others.

-Industry News And Updates on Residential Air to Water Heat Pump Market-

United States to Dominate the Market

- The United States market is anticipated to see substantial growth due to growing concerns about controlling carbon footprint coupled with the installation of government drives to support the adoption of residential air to water heat pump units. According to EIA, it is estimated that 62 million metric tons of CO2 emissions will be produced using petroleum in the U.S. commercial sector in 2050.

- Growing demand for water and space heating coupled with a rapidly recovering construction industry in the U.S. complemented with repair & renovation activities is projected to drive the demand for technologically advanced and compact heating solutions in the residential sector. For instance, according to BEA, in 2019, the value-added construction industry contributed to 4.1% of the gross domestic product in the United States. It is anticipated that new construction put in place will total 1,449 billion U.S. dollars by 2023.

-Key Market Trends Residential Air to Water Heat Pump Market-

Meaningful Contribution of Heat Pumping Technology in Reduction of CO2 Emissions Drives Market

- Energy is necessary for daily lives as it fuels businesses, hospitals, power homes, and schools. However, energy generation heads to the discharge of greenhouse gases. As per EIA, in 2019, around 5.13 billion metric tons of CO2 emissions were produced from energy consumption in the United States. In 2018, approximately 36.6 billion metric tons of carbon dioxide were emitted globally.

- Carbon dioxide (CO2), which is one of the greenhouse gases, is released substantially through the burning of fossil fuels, such as coal, oil, and natural gas. Many countries aim to reduce their primary energy demand due to the rising CO2emissions and to execute policies to limit greenhouse gases in the environment. Residential Air to Water Heat Pump offers an energy-efficient way to provide space heating, fueling the market growth.

-Competitive Landscape On Residential Air to Water Heat Pump Market-

June 2020 - Daikin Industries, Ltd. and WASSHA Inc. have recently established a new company, Baridi Baridi Inc., to conduct an air conditioner subscription business. The companies plan to first develop a business in the United Republic of Tanzania and then in the future expand the business to not only Africa but also to other immature markets around the world.

- March 2019 - Wolf GmbH, a Bavarian manufacturer of heating and air handling systems, launched its first propane (R290) heat pump. In a move that would allow the company to enable the user to curb their dependence on HFCs.

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