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Air Source Heat Pump Market Report: Trends, Forecast and Competitive Analysis

Author : Rahul Sankrityayan | Published Date : 2019-08-01 

Global Market Insights recently added a detailed Air Source Heat Pump Market research study across the global, regional and country level. The report provides 360° analysis from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global market and estimates the future trend of the industry based on this detailed study.

Air Source Heat Pump Market is predicted to reach over USD 50 billion by 2024. Stringent government measures to curb the GHG emissions by encouraging the applications of wide ranging sustainable technologies will drive the air source heat pump market. Regulators across the UK introduced the Renewable Heat Incentive scheme to encourage the use of renewable technologies in home, businesses and local communities.

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Minimized cost, easy installation, energy efficiency and less maintenance are the key features which will enhance the global ASHP Market. It acts as an alternate product for various space heating and cooling technologies on account of its additional features in comparison to conventional systems. An air source unit has the Coefficient of Performance value of approximately 2.8 which may result into decline in the operating cost of 3.5% in comparison to a gas boiler.

China air source heat pump market is set to witness robust growth owing to various promotional schemes to stimulate the use of low-carbon energy sources. Growing real estate business have led to increase in construction activities on account of rapid urbanization will boost the product adoption. As per World Economic Forum (WEF), in China, around 2 billion square meters of buildings are built annually.

Growing government targets toward energy consumption coupled with refurbishment of existing buildings will enhance the France ASHP market growth. The country targeted to reduce 38% of energy consumption through the buildings by 2020 & 400 thousand houses to be energy refurbished annually from 2013. Extreme climate conditions resulting into unfavorable work atmosphere across the European countries will further enhance the business growth over the forecast period.

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Increasing investments toward clean air projects to reduce the dependence on conventional fuel will enhance the ASHP Market. The World bank, in 2016, approved a loan of USD 500 million for Beijing clean-air projects to enable control air pollution in China. Escalating energy bills on account of rising operational cost along with rising fuel prices will further enhance the business landscape.

Industrial applications are projected to gain over 4% on account of significant increase in the production facilities across Latin America and Asia Pacific region. Reduced energy consumption and environmental impact are some of the key features which will further embellish the ASHP Market.

Zero expenses requirement for ground works and less operating cost coupled with its capability to be used as a separate system or an effective way to complement existing conventional cooling & heating systems will drive air to air heat pump market. Technological developments across the industry to cater the increasing product demand of consumers will further impact the business growth.

Eminent players in the air source heat pump market includes Daikin Industries, Johnson Controls, Mitsubishi Electric, Fujitsu General, NIBE, Carrier, A.O. Smith, Vaillant, Dimplex, BDR Thermea Group, Bosch Thermotechnik, Colmac, Climeveneta, Panasonic, Danfoss and LG Electronics.

Partial Table of Contents (ToC) of the report:

Chapter 4    Air source heat pump Market, By Product

4.1    Air source heat pump market share by product, 2017 & 2024

4.1    Air to air

4.1.1    Global market from Air to air, 2013 - 2024

4.1.2    Global market from air to air, by region, 2013 - 2024

4.2    Air to water

4.2.1    Global market from air to water, 2013 - 2024

4.2.2    Global market from air to water, by region, 2013 - 2024

Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/air-source-heat-pump-market

Related Report

Europe Air Source Heat Pump Market Report, Competitive Analysis 2019-2024

https://www.marketwatch.com/press-release/europe-air-source-heat-pump-market-2019-analysis-based-regions-types-and-application-2019-05-03

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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