Global Industrial Heat Pumps Market 2019-2023

Global Industrial Heat Pumps Market 2019-2023

About this market

The rising cost of energy and the environmental effects due to the emission of a high amount of carbon from fossil fuel-based energy sources have increased the focus of industries on adopting industrial pumps. Moreover, the new regulatory norms are now focusing on curbing the high energy costs and carbon emissions in industrial applications, thereby creating opportunities for industrial heat pumps. With an increase in energy costs and the strictness of regulatory compliance on energy efficiency, the use of energy-efficient solutions becomes important in industries. This is expected to fuel the adoption of industrial heat pumps during the forecast period. Technavio’s analysts have predicted that the industrial heat pumps market will register a CAGR of close to 5% by 2023.

Market Overview

Growing focus on high-temperature heat pumps

Most of the heat pumps available in the market are limited to supplying a heat sink temperature of 194°F. These heat pumps are, therefore, ideal for residential and commercial applications requiring a low heat sink temperature. Therefore, to cater to these high temperature requirements by industries, vendors are shifting their focus toward high-temperature heat pumps.

High initial cost and limitations of heat pumps

Industrial heat pumps are extensively used to heat and cool controlled spaces. Though they are energy-efficient and have a low environmental impact, their initial cost is higher than of substitutes such as furnace and boilers. While large business enterprises can afford to install expensive heat pumps, small-and medium-sized businesses with a limited budget and low profit margins are apprehensive of such heavy investments.

For the detailed list of factors that will drive and challenge the growth of the industrial heat pumps market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be moderately fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Industrial Heat Pumps Market 2019-2023

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the advent of smart heat pumps.”

According to the report, one of the major drivers for this market is the emerging regulations and increasing government initiatives to reduce emissions.

Further, the report states that one of the major factors hindering the growth of this market is the lack of awareness about the benefits of heat pumps.

Companies Mentioned

DAIKIN INDUSTRIES
Emerson Electric Co
Johnson Controls
Mitsubishi Electric Corporation
Robert Bosch GmbH
UNITED TECHNOLOGIES (Carrier)

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global industrial automation and communication market
      • Table Segments of global industrial automation and communication market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by end-user
    • Table End-user - Market share 2018-2023 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Paper and pulp - Market size and forecast 2018-2023
      • Table Paper and pulp - Market size and forecast 2018-2023 ($ millions)
      • Table Paper and pulp - Year-over-year growth 2019-2023 (%)
    • Food and beverage - Market size and forecast 2018-2023
      • Table Food and beverage - Market size and forecast 2018-2023 ($ millions)
      • Table Food and beverage - Year-over-year growth 2019-2023 (%)
    • Chemical - Market size and forecast 2018-2023
      • Table Chemical - Market size and forecast 2018-2023 ($ millions)
      • Table Chemical - Year-over-year growth 2019-2023 (%)
    • Automotive - Market size and forecast 2018-2023
      • Table Automotive - Market size and forecast 2018-2023 ($ millions)
      • Table Automotive - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 ($ millions)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Advent of smart heat pumps
    • Increased adoption of solar-powered industrial heat pumps
    • Emerging demand for advanced heat pumps
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • DAIKIN INDUSTRIES
      • Table DAIKIN INDUSTRIES - Vendor overview
      • Table DAIKIN INDUSTRIES - Business segments
      • Table DAIKIN INDUSTRIES - Organizational developments
      • Table DAIKIN INDUSTRIES - Geographic focus
      • Table DAIKIN INDUSTRIES - Segment focus
      • Table DAIKIN INDUSTRIES - Key offerings
    • Emerson Electric Co
      • Table Emerson Electric Co - Vendor overview
      • Table Emerson Electric Co - Business segments
      • Table Emerson Electric Co - Organizational developments
      • Table Emerson Electric Co - Geographic focus
      • Table Emerson Electric Co - Segment focus
      • Table Emerson Electric Co - Key offerings
    • Johnson Controls
      • Table Johnson Controls - Vendor overview
      • Table Johnson Controls - Business segments
      • Table Johnson Controls - Organizational developments
      • Table Johnson Controls - Geographic focus
      • Table Johnson Controls - Segment focus
      • Table Johnson Controls - Key offerings
    • Mitsubishi Electric Corporation
      • Table Mitsubishi Electric Corporation - Vendor overview
      • Table Mitsubishi Electric Corporation - Business segments
      • Table Mitsubishi Electric Corporation - Organizational developments
      • Table Mitsubishi Electric Corporation - Geographic focus
      • Table Mitsubishi Electric Corporation - Segment focus
      • Table Mitsubishi Electric Corporation - Key offerings
    • Robert Bosch GmbH
      • Table Robert Bosch GmbH - Vendor overview
      • Table Robert Bosch GmbH - Business segments
      • Table Robert Bosch GmbH - Organizational developments
      • Table Robert Bosch GmbH - Geographic focus
      • Table Robert Bosch GmbH - Segment focus
      • Table Robert Bosch GmbH - Key offerings
    • UNITED TECHNOLOGIES (Carrier)
      • Table UNITED TECHNOLOGIES (Carrier) - Vendor overview
      • Table UNITED TECHNOLOGIES (Carrier) - Business segments
      • Table UNITED TECHNOLOGIES (Carrier) - Organizational developments
      • Table UNITED TECHNOLOGIES (Carrier) - Geographic focus
      • Table UNITED TECHNOLOGIES (Carrier) - Segment focus
      • Table UNITED TECHNOLOGIES (Carrier) - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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