$ 11 Bn growth expected in Heat Pump Market between 2021 and 2025 | Analysing Growth in Industrial Machinery Industry

NEW YORK, Oct 2, 2021 / PRNewswire / – The report “Heat Pumps Market by Product and Geography – Forecast and Analysis 2021-2025” has been added to Technavio’s offering.

Technavio has announced its latest market research report entitled Heat Pump Market by Product and Geography – Forecast and Analysis 2021-2025 (PRNewsfoto / Technavio).

The market size for heat pumps is expected to increase $ 11.04 billion with a CAGR of almost 10% between 2021 and 2025.

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Market dynamics

The market is being driven by factors such as the growing construction sector and increasing demand for high temperature heat pumps (HTHP). However, the challenges of disposal and the negative environmental impact of refrigerants will hinder growth.

The emergence of building energy management systems (BEMS) will have a positive impact on provider growth. On the other hand, the high installation / up-front costs are expected to reduce the potential for growth in the market.

Company profiles

Some of the companies covered in this report are Daikin Industries Ltd., Danfoss AS, Ingersoll Rand Inc, Johnson Controls International Plc, Lennox International Inc., Mitsubishi Electric Corp., NIBE Industrier AB, Rheem Manufacturing Co., Robert Bosch GmbH and STIEBEL ELTRON GmbH and Co. KG.

Competitive analysis

The competitive scenario provided in the Heat Pumps market report analyzes, rates, and positions companies based on various performance indicators. Some of the factors considered for this analysis are companies’ financial performance over the past few years, growth strategies, product innovations, product launches, investments, growth in market share, etc.

Market segmentation

  • According to products, the market is divided into air heat pumps, geothermal heat pumps and exhaust air heat pumps. The market growth in the air source heat pump segment will be substantial in the forecast period.

  • By geography, the market is analyzed across APAC. Europe, North America, South America, and MEA. APAC will have the largest market share.

Related reports:

The story goes on

Global Industrial Heat Pump Market – The global industrial heat pump market is broken down by end-user (pulp and paper, food and beverage, chemical, automotive, and others) and geography (Europe, APAC, North America, MEA and South America).
Download the exclusive free sample report

Global Geothermal Heat Pump Market – The global geothermal heat pump market is broken down by end-user (residential and non-residential) and geography (Europe, North America, APAC, South America, and MEA).
Download the exclusive free sample report

Coverage of the Heat Pump Market report

Report coverage

details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth dynamics & CAGR

Accelerate with a CAGR of almost 10%

Market growth 2021-2025

$ 11.04 billion

Market structure

Fragmented

YoY Growth (%)

8.56

Regional analysis

APAC, Europe, North America, South America and MEA

Contribute to the market

APAC at 56%

Important consumer countries

China, Japan, USA, France and Sweden

Competitive landscape

Leading companies, competitive strategies, level of consumer engagement

Company profile

Daikin Industries Ltd., Danfoss AS, Ingersoll Rand Inc, Johnson Controls International Plc, Lennox International Inc., Mitsubishi Electric Corp., NIBE Industrier AB, Rheem Manufacturing Co., Robert Bosch GmbH and STIEBEL ELTRON GmbH and Co. KG.

Market dynamics

Overall market analysis, market growth factors and barriers, analysis of fast growing and slow growing segments, impact of COVID-19 and future consumer dynamics, and analysis of market conditions for the forecast period.

Adjustment area

If our report doesn’t contain the data you are looking for, you can contact our analysts and customize segments.

about us

Technavio is a leading global technology research and consulting company. Her research and analysis focuses on trends in emerging markets and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library consists of more than 17,000 reports and includes more than 800 technologies in 50 countries. Her customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s extensive coverage, extensive research and actionable market insights to identify opportunities in existing and potential markets and assess their competitive position in changing market scenarios.

Contact

Technavio research
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Email: [email protected]
Website: www.technavio.com/

Technavio (PRNewsfoto / Technavio)

Technavio (PRNewsfoto / Technavio)

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