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Industrial Heat Pumps Market is Estimated to Grow at a CAGR of 8.71 % with in the forecast period of 2022 to 2030 : Cognitive Market Research
Industrial Heat Pumps Market is Estimated to Grow at a CAGR of 8.71 % with in the forecast period of 2022 to 2030 : Cognitive Mark
- Industrial heat pumps are large-scale systems, which is used to extract heat from a number of sources, primarily industrial wastewater, seawater, and rivers. Industrial heat pumps play a significant role in the industrial sector by transforming renewable electricity generation into heat and cold, which can be stored.
Summary:
• Global Industrial Heat Pumps Market Size Was Valued at USD 8.91 Billion In 2022 And Is Expected to Grow at A CAGR Of 8.71 % During the Forecast Period, Reaching USD 16.76 Billion By 2030.
• Based on the source, the air segment has the largest revenue share in the industrial heat pump market.
• Based on the end-use industry, the food and beverages segment has the largest revenue share in the industrial heat pump market.
• Based on the system, the closed loop segment has the largest revenue share in the industrial heat pump market.
• Based on the capacity, the less than 500 kW segment has the largest revenue share in the industrial heat pump market.
• Asia-Pacific has the largest revenue share in the industrial heat pump
- To know more The Industrial Heat Pumps Market statistics click here : https://www.cognitivemarketresearch.com/industrial-heat-pumps-market-report
Market Dynamics:
- Increasing demand for heating with better performance and energy efficiency for its use in various end-user industries and in the dominance of industrial heat pumps. This is the major factor expected to drive the growth of the industrial heat pump market. In addition, increasing awareness toward energy-efficient heating systems to reduce environmental pollution is expected to drive the growth of the industrial heat pump market. Furthermore, increasing research and development for high-temperature industrial heat pumps in water and space heating applications creates growth opportunities for the target market in the forecast period. However, long payback periods and low awareness of heat consumption in companies may restrict the growth of the industrial heat pump market.
Market Segmentation:
By Source:
• Air
Based on the source, the air segment has the largest revenue share in the industrial heat pump market. This is attributed to the increasing paper and pulp industry with the widening utility sector due to advancements in technology anticipated to drive the growth of the air segment.
• Water
• Ground
By End-use Industry:
• Lumber Drying
• Pulp and Paper Manufacturing
• Petroleum Refining
• Food and Beverages
Based on the end-use industry, the food and beverages segment has the largest revenue share in the industrial heat pump market. This is due to the increasing demand for food and beverage products including beer, milk, chocolate, and other products expected to drive the growth of this segment.
• Chemical
• Utilities
• District Heating
• Others
By System:
• Closed Loop
Based on the system, the closed loop segment has the largest revenue share in the industrial heat pump market. This is attributed to the wide application of industrial heat pumps in electric motors, combustion engines, steam turbines, and combustion turbines likely to drive the growth of this segment.
• Open Cycle
By Capacity:
• Less Than 500 kW
Based on the capacity, the less than 500 kW segment has the largest revenue share in the industrial heat pump market. This is due to the increasing demand for industrial heat pumps for heating and cooling in industries.
• 500 kW to 2 MW
• 2 MW - 5 MW
• More Than 5 MW
- Competitive Analysis for Industrial Heat Pumps Market :
Bard HVAC, Daikin Industries Ltd., Danfoss AS, Emerson Electric Co, Johnson Controls International Plc., Lennox International Inc., LG Electronics Inc., MAYEKAWA MFG. CO. LTD., Meier Tobler AG, Mitsubishi Electric Corp., NIBE Industrier AB, OCHSNER Warmepumpen GmbH, Oilon Group Oy, Rheem Manufacturing Co., Robert Bosch GmbH
- Get free sample pages of latest published Industrial Heat Pumps Market Report :
https://www.cognitivemarketresearch.com/industrial-heat-pumps-market-report#request_sample
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Industrial Heat Pumps Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
- 1.5.1 Industrial Heat Pumps Market Segmentation
- 1.5.1 Industrial Heat Pumps Market Regional Fragmentation
- 1.5.1 Industrial Heat Pumps Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Industrial Heat Pumps Market
Chapter 4 Global Industrial Heat Pumps Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Industrial Heat Pumps Market by Source Segmentation Analysis (2018-2030)
• 8.1 Detailed Qualitative Analysis
• 8.2 Global Industrial Heat Pumps Revenue and Share (%) by Source (2018-2030)
- 8.2.1 Air Market Size
- 8.2.1.1 Global Air Market Share and Revenue (USD Million) for 2018-2030
- 8.2.2 Water Market Size
- 8.2.2.1 Global Water Market Share and Revenue (USD Million) for 2018-2030
- 8.2.3 Ground Market Size
- 8.2.3.1 Global Ground Market Share and Revenue (USD Million) for 2018-2030
Chapter 9 Global Industrial Heat Pumps Market by End-use Industry Segmentation Analysis (2018-2030)
Chapter 10 Global Industrial Heat Pumps Market by System Segmentation Analysis (2018-2030)
Chapter 11 Global Industrial Heat Pumps Market by Capacity Segmentation Analysis (2018-2030)
Chapter 12 Global Industrial Heat Pumps Market Regional Analysis
Chapter 13 North America Industrial Heat Pumps Market Outlook (2018 - 2030)
Chapter 14 Europe Industrial Heat Pumps Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Industrial Heat Pumps Market Outlook (2018 - 2030)
Chapter 16 Latin America Industrial Heat Pumps Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Industrial Heat Pumps Market Outlook (2018 - 2030)
Chapter 18 Research Findings
- To know more Industrial Heat Pumps Market TOC click here : https://www.cognitivemarketresearch.com/industrial-heat-pumps-market-report#table_of_contents
Regional Analysis :
• Asia-Pacific accounted for the largest share of the industrial heat pump market.
Asia-Pacific has the largest revenue share in the industrial heat pump market. This is due to the increasing demand for heating water and space heating applications
Related Report:
• Packed Heat Pump Market : https://www.cognitivemarketresearch.com/packaged-heat-pumps-market-report
• Residential Heat Pump Market : https://www.cognitivemarketresearch.com/residential-heat-pump-market-report
• Turbo Molecular Pumps Market : https://www.cognitivemarketresearch.com/turbo-molecular-pumps-market-report
• Plunger Pumps Market : https://www.cognitivemarketresearch.com/plunger-pumps-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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