High Temperature Industrial Heat Pump Market Overview, Top Companies, Region, Application and Forecast by 2027 - Keling Energy Saving, NKXTA, Moon-Tech, Phnix

The “High Temperature Industrial Heat Pump” report provides details on the latest recent developments, trade regulations, import-export analysis, analysis of production, value chain optimization, market share, impact of players on the national and localized market, analysis of opportunities in terms of emerging income pockets, changes in market regulations, strategic analysis of the market growth, market size, market growth of categories, application and domain niches, product approvals, product launches, geographic expansions, technological innovations in the market.

“The High Temperature Industrial Heat Pump Market is predicted to register a CAGR of 12% over the forecast period 2021 – 2027.”

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Key Competitors of the High Temperature Industrial Heat Pump market is: Keling Energy Saving, NKXTA, Moon-Tech, Phnix, GzZhengxu, Lyjn, Oilon, OCHSNER, Vossli, MAYEKAWA MFG. CO., LTD, Johnsoncontrols, OMERUN

Market Overview

Heat pump works on the principle of mechanical-compression cycle refrigeration that can even be reversed to heat or cool the desired space of a facility. Hence, these are increasingly being used for space heating and cooling applications.
Heat pumps are composed of two main components, which include an outdoor unit that is quite similar to that of central air-conditioner and indoor air handler. The outdoor unit consists of a compressor that circulates refrigerant, whose function is to absorb and release heat that travels between outdoor and indoor units.
The increasing need to curb dependence on fossil fuels and look for an energy-efficient alternative to furnaces and air conditioners are expected to drive the demand for heat pumps over the forecast period. As heat pumps move heat rather than generate heat, they can provide equivalent space conditioning at as little as one-quarter of the operating costs of conventional heating or cooling appliances.

This report Provides intelligent marketing research for smarter decision-making and resource investment estimation. The report discusses these elements and describes the main players that are expected to extend the demand for the High Temperature Industrial Heat Pump market within the upcoming years.

High Temperature Industrial Heat Pump market report introduces some features and provides a basic view of the most players. In this report provides a comprehensive and in-depth review of the market. The players are likewise presenting newer product varieties within the market to reinforce the merchandise portfolio by embracing the new innovation and completing it in their business.

The High Temperature Industrial Heat Pump market is often split supported product types, major applications, and important countries as follows:

Major Types covered are:

Output Temperature 70 to 90 Degrees Celsius

Output Temperature 90 to 120 Degrees Celsius

Output Temperature is Greater Than 120 Degrees Celsius

Major Applications covered are:

Food Industry

Industrial Manufacturing

Chemical Products

Electronic Appliances

Petroleum Refining

Metal Industry

Others

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Key Market Trends

Air Source Heat Pumps are Expected to Hold a Major Market Share

The air source heat pump (ASHP) takes the electricity input, extracts the heat from ambient air, and gives hot water up to 90 degrees Celsius. Due to the extraction of heat from the ambient air, the ambient gets cooler. Thus, the requirement for both hot water and cold air drives the growth of air-source heat pumps.
There are two main types of ASHP, which are air-to-water and air-to-air. An air-to-air heat pump absorbs heat from the outside air and then transfers it directly into houses via a fan system to heat a room. Simultaneously, air-to-water heat pumps absorb heat from the outside air and then transfer it via the central heating system to provide hot water heating, radiator, or underfloor heating in an indoor space (or all three). Thus, choosing the type of ASHP determines the type of heat distribution system one needs.

Regional market High Temperature Industrial Heat Pump (regional production, demand and forecast by country):

United States is Expected to Dominate Market Share

The deployment of heat pumps has grown steadily in the North American region, specifically in the United States, due to various reasons, such as climatic conditions, the convenience to offer the equipment, government tax credit benefits, and regulations.
Furthermore, the heat pumps have been regulated by the governments in the region for their energy efficiency. For instance, the Department of Energy (DOE) announced Fan Energy Rating (FER) that sets a minimum airflow efficiency standard for residential furnace fans. As of 3rd July 2019, vendors can no longer manufacture furnaces unless they meet the minimum efficiencies.

North America (United States, Canada, Mexico)

South America (Brazil, Argentina, Ecuador, Chile)

Asia Pacific (China, Japan, India, Korea)

Europe (Germany, UK, France, Italy)

Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And more.

The inquire approximately record considers the past, display, and destiny execution of the global market. The record advances investigations the display aggressive situation, most important trade models, and consequently the possibly headways in services with the aid of using crucial gamers inside the upcoming years.

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Recent Developments

February 2021 - Viessmann Werke GmbH & Co KGand GETEC are repositioning collaboration for sustainability. The companies intend to further strengthen their already excellent cooperation in the energy services market for heating, cooling and solutions in the context of sector coupling. This applies to the areas of integrated neighborhood solutions, combined heat and power, photovoltaics, fuel cells and heat pumps.
August 2020 - Nibe Group acquired 60% of the shares in the Swedish company VEÅ AB, with an option to acquire the remaining shares within a four-year period. VEÅ develops and manufactures steam boilers and super-heated water boilers, pressure vessels and complete systems for industrial use. The company has annual sales of approximately SEK 80 million and an operating margin of well over 10% and was consolidated into the NIBE Climate Solutions business area as of July 2020. The acquisition value is still provisional.

Report Features:

To project the worth and sales volume of the High Temperature Industrial Heat Pump market, with reference to key regions.
To analyses competitive developments like expansions, agreements, new product launches, and acquisitions within the market.
To study and analyses the global High Temperature Industrial Heat Pump market size (value & volume) by company, key regions, products, and end-user, breakdown data from The Last Five Years, and forecast to 2027.
to know the structure of the High Temperature Industrial Heat Pump market by identifying its various sub-segments.
To percentage targeted records approximately the important thing elements influencing the enlargement of the market (increase potential, opportunities, industry-particular challenges, and risks).

Report Customization:

The Global High Temperature Industrial Heat Pump Market report may be modified to meet your specific business needs. Because we understand what our clients want, we offer 25% customization for any of our MarketIntelligenceData reports at no additional cost to all or any of our clients.

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