Heat Pumps market to grow by just under 10% CAGR over next 4 years – UNLV The Rebel Yell
Heat pumps are a type of air conditioner like a heat pump, which is an energy efficient machine that can draw in cold outside air and release warm air inside. A refrigerant called R-22 is used to cool the atmosphere.
It uses electricity or natural gas at a lower cost than other air conditioners like those that use freon. The main advantage of a heat pump over other types of air conditioners is that your home doesn’t feel like a refrigerator.
Types of heat pumps:
Air-to-air systems: These systems typically have low capacity and low efficiency. They are mainly used for cooling purposes, but not for heating purposes.
Air-water systems: These systems are often used in commercial or industrial environments that use water to cool the air.
Hydronic heat pumps: This type of system pumps heated water through a network of pipes throughout the interior of a house and uses less electricity than other types of heat pumps. It also heats the house by exchanging heat with the outside air and using the same network of pipes to distribute cool air inside when needed.
Geothermal heat pumps: These systems can be used in colder climates where temperatures drop to -5 degrees. The systems use the comparatively colder earth temperature to dissipate heat. This type of system involves digging a small hole in the ground into which the pipes will be placed.
Heat pumps work by drawing in outside air and pumping it through a series of coils filled with refrigerant that absorbs or gives off heat. The refrigerant is then circulated through a copper (or aluminum) plate or fin to transfer heat and cool it. In the process, R-22 evaporates, absorbs energy from the outside air and thus cools your home.
Heat pump systems are highly efficient and small enough for homeowners to install themselves, resulting in significant cost savings over a comparable heating system.
Heat pump manufacturers:
Amana: As a subsidiary of Goodman Manufacturing Company, this company produces and sells air conditioning and heating systems for residential and commercial spaces.
Daikin: This Japanese company is one of the world’s largest manufacturers of residential HVAC systems.
Goodman Manufacturing Company: This company designs and manufactures refrigeration products.
Honeywell International Inc .: Honeywell manufactures a full line of HVAC equipment for residential and commercial use.
York International Corporation: This company is the inventor of the advanced heat pump system.
Some other companies are: Vaillant, Trane, Glen Dimplex, Stiebel Eltron, Green Planet Supply Technologies, Viessmann, Bosch Thermotechnology,