Global Heat Pumps Market 2015-2019
About Heat Pump
A heat pump is an energy-efficient alternative for an air conditioner and furnace in places where the climatic conditions demand moderate heating and cooling needs. It consumes electric power and transfers heat from one space to another, depending on the climatic condition and its demand for either heating or cooling. Heat pump can be operated at a cost that is almost a quarter of the operating costs for any conventional heating or cooling equipment. It operates with high efficiency, and unlike a traditional HVAC unit, it does not need a separate equipment for heating and cooling.
TechNavio's analysts forecast the Global Heat Pumps market to grow at a CAGR of 10.79 percent and 7.06 percent in terms of revenue and units, respectively, over the period 2015-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global Heat Pumps market during the period 2015-2019. To calculate the market size and vendor share, the report considers the revenue generated from the sales of heat pumps and their services.
TechNavio's report, the Global Heat Pumps Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Heat Pumps market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
TechNavio Announces the Publication of its Research Report – Global Heat Pumps Market 2015-2019
TechNavio recognizes the following companies as the key players in the Global Heat Pumps Market: Carrier Corp., Daikin Industries Ltd., Mitsubishi Electric Corp. and Panasonic Corp.
Other Prominent Vendors in the market are: Aermec, Airwell, BDR Thermea, Berliner Luft Technik, Bosch Thermotechnik, Calorex Heat Pumps, CIAT, Danfoss, DeLclima, Denso, Emerson Climate Technologies, Enertech, Fujitsu General, Glen Dimplex, Gree Electric, Haier, Hitachi Appliances, Ingersoll Rand, Johnson Controls, Lennox International, LG Electronics, LSB Industries, MAYEKAWA Manufacturing, Midea, Modine Manufacturing, NIBE Industrier, NORDYNE, Rheem, Riello, Samsung Electronics, Sanden, SIRAC, Stiebel Eltron, Swegon, Toshiba, Vaillant, Viessmann, WaterFurnace and Waterkotte.
Commenting on the report, an analyst from TechNavio’s team said: “The shift of technology to smart solutions is a key trend in the market. The world is focusing more on effective distribution of energy to minimize energy losses, which is expected to boost the overall market growth.”
According to the report, various environmental regulations and standards have mandated a reduction in CO2 emissions, which is major market driver. Heat pumps do not use a fuel combustion process to operate and they emit negligible amounts of CO2 into the atmosphere.
Further, the report states that the stringent environmental regulations and standards pose a threat to the market. Governments around the globe are making amendments to their energy usage policies and global norms are being formulated regarding the usage of heat pumps.
Carrier , Daikin Industries , Mitsubishi Electric, Panasonic , Aermec , Airwell , BDR Thermea , BerlinerLuft Technik , Bosch Thermotechnik , Carolex Heat Pumps , CIAT , Danfoss, DeLclima, Denso, Enertech, Emerson Climate Technologies, FujitsuGeneral, Glen Dimplex, Gree Electric, Haier, Hitachi Appliances, Ingersoll Rand, Johnson Controls, Lennox International, LG Electronics, LSB Industries, MAYEKAWA Manufacturing, Midea, Modine Manufacturing, NIBE Industrier, NORDYNE, Rheem, Riello, Samsung Electronics, Sanden, SIRAC, Stiebel Eltron, Swegon, Toshiba, Vaillant, Viessmann, WaterFurnace, Waterkotte
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