North America Heat Pump Market Trends Analysis, Top Manufacturers, Shares, Growth Opportunities, Statistics & Forecast to 2028

The research and analysis conducted in North America Heat Pump Market Report helps clients to predict investment in an emerging market, expansion of market share or success of a new product with the help of market research analysis. This report has been designed in such a way that it provides very evident understanding of the business environment and North America Heat Pump industry.

Market expectations for likely development openings have been mentioned clearly in this world class North America Heat Pump Market research report. Competition analysis has been taken into account while preparing this report. A market analysis has turned into a vital piece of every business to settle on smart choices in the organizations which have been viably carried by experienced analysts. This market report provides best solutions for strategy development and implementation depending on client’s needs to extract tangible results. Businesses can bring about an absolute knowhow of general market conditions and tendencies with the information and data covered in this North America Heat Pump Market report.

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Heat pump is a machine or device which transfers heat from natural surroundings such as water, air or ground to buildings or industrial applications by reversing the natural flow of heat from lower temperature to a higher temperature. These pumps do not require any energy for cooling or to warm the surroundings and it’s highly energy efficient as compared to conventional HVAC methods. There are different types of heat pump such as air source heat pump, air to water heat pump, water source heat pump and ground source heat pump.

Some of the factors which are driving the market growth are government regulations on increasing energy efficiency and usage of heat pumping technology for CO2 emissions reduction. However, rising cost of energy efficient heat pump is restraining the growth of the market.

North America heat pump market is projected to register a healthy CAGR in the forecast period of 2019 to 2026.

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Segmentation: North America Heat Pump Market

North America heat pump market is segmented into five notable segments that are type, energy source, sector, category and capacity.

On the basis of type, the market is segmented into ducted and ductless
On the basis of energy source, the market is segmented into air/water, air/air and ground      source
On the basis of category, the market is segmented into reversible air-air w/heating, h-air/water, h-ground/water, sanitary hot water, reversible others and exhaust air
On the basis of sector, the market is segmented into residential, commercial and industrial
On the basis of capacity, the market is segmented into units < 20KW and units > 20 KW

Leading Key Players Operating in the North America Heat Pump Market Includes:

Some of the major players operating in this market are Stiebel Eltron Gmbh & Co.KG (DE), Danfoss A/S, Robert Bosch GmbH, NIBE Industrier AB, Glen Dimplex Group, Viessmann Manufacturing Company Inc., Mitsubishi Electric Corporation, Carrier Corporation, Geothermal International Ltd, Airwell , Midea Group , Total Comfort, Inc , Panasonic Corporation and among others.

Recent developments

In October 2018, NIBE acquired 55% of shares in Rhoss S.p.A., which is an Italian ventilation and air conditioning company. This acquisition helped NIBE to increase their reach in commercial, institutional and industrial applications. This also helped the company to increase their presence in Europe.
In August 2018, NIBE acquired 51% of shares in EMIN Group having operations in Turkey and Serbia. The company is likely to buy additional 29% of shares by 2025. The EMIN Group is an energy equipment manufacturing company. This acquisition helped NIBE to increase their production capacity in all business segments.

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Reasons to Buy:

Understand the current and future competitive scenario across types, countries, and applications
Get Accurate, up-to-date analysis of North America Heat Pump markets and companies
Use reliable information and analysis to gain a deeper understanding of the current factors impacting the industry
Develop sustainable strategies based on the latest trends, dynamics, and developments
Optimize product portfolios and capture a larger share in the industry through company analysis

Research Methodology of North America Heat Pump Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved

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