Global Air Source Heat Pumps Market was valued at US$ XX Mn. in 2019 and is expected to reach US$ XX Mn. by 2027.
A heat pump is a device for delivering heat from a low-temperature medium to a high-temperature medium. Air energy heat pump unit absorbs the heat in the air and from solar energy. It is the new water or space heater system, which combines the advantages of electric heater and solar heater. The heat pump system as new technology has helped in the adaption of the current promotion of energy conservation and emission reduction, which have developed the trend of the low-carbon economy.
The report covers the detailed analysis Global Air Source Heat Pumps Market with the classifications of the market on product type, application, and region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player's contribution in it.
The report has profiled twenty-one key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in North America region. Major country’s policies about manufacturing and its impact on Air Source Heat Pumps applications demand is covered in the report.
Global Air Source Heat Pumps Market Dynamics-
Government regulations and policies to limit the greenhouse gases emission have increased the demand for clean power technologies across the economic sectors with the involvement of regulators, which acts as the driving factor for the growth of Global Air Source Heat Pumps Market.
The emergence of Building Energy Management Systems are considered as one of the major factors for the growth of Global Air Source Heat Pumps Market. With increasing environmental problems and high use of fossil fuels, more importance is paid towards low emissions and energy-efficient devices.
Poor installation, duct losses, and inadequate maintenance are a couple of restraints to the growth of Global Air Source Heat Pumps Market. Most Heat pumps have significant installation or service problems that reduce performance and efficiency. According to a report on research funded by Energy Star‚, more than 50 percent of all heat pumps have significant problems with low airflow, leaky ducts, and incorrect refrigerant charge. Heat-pump performance deteriorates if regular maintenance and service are not performed.
Global Air Source Heat Pumps Market Segment analysis-
The report groups the Global Air Source Heat Pumps Market in different segments by product type, by application, and by region to forecast the revenues and analyze the market share of each segment over the forecast period.
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By product type, air-to-air pump segment was dominant in 2019 and is expected to command the market share of xx% by 2027. Air -to- Air pumps extract heat from the outside air and transfer it to the pump's indoor unit compressor. The process of heat transfer is based on the pump's refrigerant property to lower the temperature of the air passed through the device. Easy low-cost installation, high energy saving capacity, and high efficiency have contributed to the growth of the segment.
Global Air Source Heat Pumps Market 1
Based on application, the Residential segment was dominant in 2019 and is expected to command the market share of xx% by 2027. An air-source heat pump provides efficient heating and cooling for the home, especially in a warm climate. When properly installed, an air-source heat pump can deliver one-and-a-half to three times more heat energy to a home compared to the electrical energy it consumes. Increased awareness towards the reduction of energy bills from the residential sector is another driving factor towards the growth of the Global Air Source Heat Pumps Market.
Global Air Source Heat Pumps Market Regional Insights-
Global Air Source Heat Pumps Market 2
North America is expected to command largest market share of xx% by 2027
The developing and developed economies in North America like U.S and Canada, have been adopting environment-friendly devices by installing new renewable energy systems, building highly efficient structures, and pushing for more fuel-efficient devices. The American Recovery and Reinvestment Act (ARRA), have put forth clean energy policies and financing provisions, which have led to rapid growth in the adoption of the Air Source Heat Pumps. With increasing modernization in construction the need for Air Source Heat Pumps have also increased in this region. Increasing demand for water and space heating or cooling across residential and commercial sectors in the nation is further expected to boost the Global Air Source Heat Pumps Market.
In Europe, Italy and France region is expected to boost the growth of the Global Air Source Heat Pumps Market because of stringent government regulations for energy generation through renewable sources and minimization of carbon emissions.
The report also helps in understanding the Global Air Source Heat Pumps Market dynamics, structure by analyzing the Market segments and project the Global Air Source Heat Pumps Market which gives clear representation of competitive analysis of key players by price, financial position, Material portfolio, growth strategies, and regional presence in the Global Air Source Heat Pumps Market make the report investor’s guide.
Scope of the Global Air Source Heat Pumps Market- Inquire before buying
Global Air Source Heat Pumps Market, by product type
• Air-To-Air
• Air-To-Water
Global Air Source Heat Pumps Market, by application
• Residential
• Commercial
• Industrial
Global Air Source Heat Pumps Market, by region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Global Air Source Heat Pumps Market
• BDR Thermea Group B.V.
• Bosch Thermotechnik GmbH
• Carrier Corporation
• China Yangzi Group
• Daikin Industries Ltd.
• Danfoss A/S
• Dimplex North America Ltd.
• Emerson Climate Technologies Inc.
• Fujitsu General Ltd.
• Haier Group
• Hitachi Appliances, Inc.
• Ingersoll-Rand PLC
• Johnson Controls, Inc.
• LG Electronics, Inc.
• Mitsubishi Electric Corporation
• Panasonic Corporation
• Samsung Electronics Co., Ltd.
• Swegon
• Thermia Heat Pumps
• Toshiba Corporation
• Viessmann Werke GmbH & Co. KG
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