Heat Pumps Market - Forecasts from 2018 to 2023

August 2018 | 92 pages | ID: HC23119A104EN
Knowledge Sourcing Intelligence LLP

Abstracts

The heat pumps market was valued at US$74.408 billion in 2017 and is projected to reach US$103.939 billion in 2023 growing at a CAGR of 5.73% during the forecast period. Heat pumps are designed to move heat from colder place to warm, with the help of electricity. Regions where heating and cooling needs are moderate, these pumps are efficient alternatives to furnaces and air conditioners. The growth of this market is majorly attributed to rapid urbanization and industrialization in many regions across the globe. As the number of commercial, residential and industrial establishments continues to grow, the demand for efficient heating solutions will continue to be driven significantly, thus boosting the growth of heat pumps market. Increasing focus of market players towards improving the efficiency of heat pumps is attracting substantial investments into research and development. Innovation, as a result of R&D, is bringing a good range of advanced heat pumps into the market, thus fuelling their adoption by players across industries. Shifting focus towards sustainability is further fuelling the adoption of these pumps by customers, thus augmenting the growth of this market.

Segmentation
Analysis
Heat Pumps market has been segmented on the basis of type, heat source, end users, and geography. Under different types; Air Source Heat Pumps, Ground Source Heat Pumps, Water Source Heat Pumps, Exhaust Air System among Others have been covered. Whereas, by the heat source, this market has been segmented into Air/Water, Air/Air, and Ground Source; detailed comprehensive forecast with analysis has also been covered as part of this section. Residential, commercial and industrial are the major end users type, which has been covered as a part of this report.
Important regions for vendors in terms of market size are covered through detailed geographical segmentation and country level forecasts. Geographical regions covered as a part of this section are Americas, Europe Middle East and Africa and Asia Pacific.
Research Methodology

This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the heat pumps value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the market.

Major industry players profiled as part of the report are Enertech Group, Bosch, Panasonic, Danfoss, Carrier, and Viessmann Group among others.

Segmentation

The heat pumps market is segmented by type, end user and geography.

• By Type
• Air Source Heat Pumps
• Water Source Heat Pumps
• Ground Source (Geothermal) Heat Pumps
• Hybrid Heat Pumps
• By End User
• Residential
• Commercial
• Industrial
• By Geography
• North America
• United States
• Canada
• Others
• South America
• Brazil
• Argentina
• Europe
• UK
• Germany
• France
• Italy
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• Japan
• China
• India
• Australia
• Others

Contents

1. INTRODUCTION

2. RESEARCH METHODOLOGY

2.1. Research Process And Design
2.2. Research Assumptions

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Force Analysis
  4.5.1. Bargaining Power Of Suppliers
  4.5.2. Bargaining Power Of Buyers
  4.5.3. Threat Of New Entrants
  4.5.4. Threat Of Substitutes
  4.5.5. Competitive Rivalry In The Industry
4.6. Life Cycle Analysis- Regional Snapshot
4.7. Market Attractiveness

5. HEAT PUMPS MARKET BY TYPE

5.1. Air Source Heat Pumps
5.2. Water Source Heat Pumps
5.3. Ground Source (Geothermal) Heat Pumps
5.4. Hybrid Heat Pumps

6. HEAT PUMPS MARKET BY END USER

6.1. Residential
6.2. Commercial
6.3. Industrial

7. HEAT PUMPS MARKET BY GEOGRAPHY

7.1. North America
  7.1.1. U.S.
  7.1.2. Canada
  7.1.3. Others
7.2. South America
  7.2.1. Brazil
  7.2.2. Argentina
  7.2.3. Others
7.3. Europe
  7.3.1. UK
  7.3.2. Germany
  7.3.3. France
  7.3.4. Italy
  7.3.5. Others
7.4. Middle East And Africa
  7.4.1. Saudi Arabia
  7.4.2. UAE
  7.4.3. Israel
  7.4.4. Others
7.5. Asia Pacific
  7.5.1. Japan
  7.5.2. China
  7.5.3. India
  7.5.4. Australia
  7.5.5. Others

8. COMPETITIVE INTELLIGENCE

8.1. Investment Analysis
8.2. Recent Deals
8.3. Strategies of Key Players

9. COMPANY PROFILES

9.1. Enertech Group
9.2. Bosch
9.3. Panasonic
9.4. Danfoss
9.5. Carrier
9.6. Viessmann Group
9.7. STIEBEL ELTRON GmbH & Co. KG
9.8. Glen Dimplex
List of Figures
List of Tables