Global Air Source Heat Pumps to Exhibit Rapid Growth due to Environmental, Monetary Benefits

Leading market analysis firm Transparency Market Research has announced the publication of a new market research report. The report deals with the dynamics of the global air source heat pumps market and provides precise historical and forecast figures about the market. The report is titled ‘Air Source Heat Pumps Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023’ and examines the technological, commercial, and competitive dynamics of the global air source heat pumps market.

Air source heat pumps are a type of HVAC devices that transfer heat from the surroundings into a room or vice versa. They use compressors and condensers to transfer heat from one place to another. Since air source heat pumps can be used to pump heat both in and out of a building, they are gaining steady demand.

The environmental and economic viability of air source heat pumps, particularly in comparison to conventional HVAC installations, has led to the air source heat pumps market enjoying consistent demand. Air source heat pumps cause much less harmful emissions than traditional air conditioning units and are also much more economical to run. This dual benefit leads to significant savings for the consumer in the long term due to the lower amount of electricity consumed and the environmental incentives on offer in several countries around the world. This is expected to drive the global air source heat pumps in the coming years.

Among sustainable HVAC systems, ground source heat pumps are the main competitor of air source heat pump systems. Compared to ground source heat pumps, though, air source heat pumps require much less space and expenses, and also do not require the construction of specialized structures such as ground loop installations. This has made air source heat pumps the preferred choice among such devices, thus driving the global air source heat pumps market.

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On the other hand, air source heat pumps necessitate an outdoor installation, which leaves them exposed to environmental factors that may cause damage to the equipment. High moisture content may lead to corrosion, whereas human activities in the space can also cause unintended damage to air source heat pumps. This can result in higher maintenance bills than other heat pumps, which are installed inside the building.

Due to the presence of supportive regulatory frameworks, Europe and North America emerged as the largest regional air source heat pumps markets in 2014. These developed regions have been among the first to realize the risk posed by human activities to the environment and have also been relatively quick to act upon it.

The rising inclination of developing Asia Pacific nations to adopt similar environmental regulations is expected to propel the Asia Pacific air source heat pumps market in the forecast period.

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