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Global Air Source Heat Pump Market 2017-2021

Global Air Source Heat Pump Market 2017-2021

About Air Source Heat Pump

Air source heat pumps are heat pumps that derive heat energy from the air and transfer it indoors for heating or cooling applications.

Technavio’s analysts forecast the global air source heat pump market to grow at a CAGR of 10.56% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global air source heat pump market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Air Source Heat Pump Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Carrier
  • Daikin Industries
  • Danfoss
  • Mitsubishi Electric
  • NIBE
Other prominent vendors
  • Airwell
  • O. Smith
  • BDR Thermea Group
  • Bosch Thermotechnik
  • Bryant Heating & Cooling Systems
  • Climaveneta
  • China Yangzi Group
  • Colmac
  • Dimplex
  • Emerson Climate Technologies
  • Fujitsu General
  • Grant
  • Haier
  • Hitachi Appliances
  • Ingersoll-Rand
  • Johnson Controls
  • LG Electronics
  • Panasonic
  • Samsung Electronics
  • Swegon
  • Toshiba
  • Thermia Heat Pumps
  • Vaillant
  • Viessmann
Market driver
  • Operational benefits over conventional systems
  • For a full, detailed list, view our report
Market challenge
  • High upfront cost
  • For a full, detailed list, view our report
Market trend
  • Emergence of BEMS
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Air Source Heat Pump Market 2017-2021

Technavio recognizes the following companies as the key players in the global air source heat pump market: Carrier, Daikin Industries, Danfoss, Mitsubishi Electric, and NIBE.

Other Prominent Vendors in the market are: Airwell, A. O. Smith, BDR Thermea, Bosch Thermotechnik, Bryant Heating & Cooling Systems, Climaveneta, China Yangzi, Colmac, Dimplex, Emerson Climate Technologies, Fujitsu General, Grant, Haier, Hitachi Appliances, Ingersoll-Rand, Johnson Controls, LG Electronics, Panasonic, Samsung Electronics, Swegon, Toshiba, Thermia Heat Pumps, Vaillant, and Viessmann.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is emergence of BEMS. A heat pump is a term that more commonly applies to HVAC systems. Heat pumps are extensively used for space heating or space cooling in residential as well as commercial applications. Since there has been an increased emphasis on energy efficiency and reduction of emissions, building energy management systems (BEMS) is an emerging concept that can lead to significant energy savings.”

According to the report, one of the major drivers for this market is operational benefits over conventional systems. Heat pumps provide major benefits in comparison to conventional heating and cooling systems like boilers, furnaces, air conditioners, and room heaters. One major advantage is that the same heat pump provides the benefits of both heating and cooling throughout the year.

Further, the report states that one of the major factors hindering the growth of this market is high upfront cost. Heat pumps are primarily used for space heating and cooling. Therefore, heat pumps find wide applications in residential buildings. The deployment of heat pumps and their retrofitting is, therefore, also dependent on consumer preferences and disposable incomes.



Companies Mentioned

Carrier, Daikin Industries, Danfoss, Mitsubishi Electric, NIBE, Airwell, A. O. Smith, BDR Thermea, Bosch Thermotechnik, Bryant Heating & Cooling Systems, Climaveneta, China Yangzi, Colmac, Dimplex, Emerson Climate Technologies, Fujitsu General, Grant, Haier, Hitachi Appliances, Ingersoll-Rand, Johnson Controls, LG Electronics, Panasonic, Samsung Electronics, Swegon, Toshiba, Thermia Heat Pumps, Vaillant, and Viessmann.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
      • Table Components of an air source heat pump
      • Table Current market and future projections of different types of air source heat pumps 2016-2021
      • Table Current market and future projections of key geographic regions 2016-2021
  • Market landscape
    • Market overview
      • Table Global air source heat pump market
    • Market size and forecast
      • Table Global air source heat pump market 2016-2021 ($ billions)
      • Table Global GDP ($ trillions) and global electricity consumption 1990-2014 (TWh)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Market share of product type 2016 and 2021
    • Global air source heat pump market by air-to-air heat pumps
      • Table Global air source heat pumps market by air-to-air heat pumps segment 2016-2021 ($ billions)
    • Global air source heat pump market by air-to-water heat pumps
      • Table Global air source heat pump market by air-to-water heat pumps segment 2016-2021 ($ billions)
  • Geographical segmentation
    • Market overview
      • Table Global air source heat pumps market by geography 2016 and 2021
    • EMEA
      • Table Air source heat pump market in EMEA 2016-2021 ($ billions)
    • Americas
      • Table Air source heat pump market in the Americas 2016-2021 ($ billions)
    • APAC
      • Table Air source heat pump market in APAC 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Benefits of heat pumps
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • Emergence of BEMS
      • Table BEMS market forecast 2015 and 2020 ($ billions)
    • Advanced features and innovations that enhance performance
    • Dual-fuel heat pumps
  • Vendor landscape
    • Competitive scenario
      • Table Key vendors in air source heat pump market
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Carrier Corporation
      • Table Carrier Corporation: Product portfolio
    • Daikin Industries
      • Table Daikin Industries: Product portfolio
    • Danfoss
      • Table Danfoss: Product portfolio
    • Mitsubishi Electric
      • Table Mitsubishi Electric: Product portfolio
    • NIBE
      • Table NIBE: Product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

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