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Global Heat Pumps Market Growth 2019-2024
SKU ID : LPI-13842631 | Publishing Date : 12-Feb-2019 | No. of pages : 180
A Heat Pump is a device that provides heat energy from a source of heat to a destination called a "heat sink". Heat pumps are designed to move thermal energy opposite to the direction of spontaneous heat flow by absorbing heat from a cold space and releasing it to a warmer one. A heat pump uses some amount of external power to accomplish the work of transferring energy from the heat source to the heat sink.
Daikin, Mitsubishi and Atlantic captured the top three revenue share spots in the Heat Pumps market in 2015. Daikin dominated with 21.83 percent revenue share, followed by Mitsubishi with 8.47 percent revenue share and Atlantic with 7.00 percent revenue share.
In the next five years, the global consumption of Heat Pumps will show upward tendency further, consumption is expected in 2020 will be 5814.60 (K units). The average operating rate will remain at 83% to 85%.
In terms of the segment, the Air to Water Monobloc segment was the largest contributor in the Heat Pumps market. In 2014 the Air to Water Monobloc segment amounted for 76.03% revenue share.
Despite the presence of competition problems, due to the clear global recovery trend, investors are still optimistic about this area, in future still more new investment will enter into the field. Technology and cost are two major problems.
Although sales of Heat Pumps brought a lot of opportunities, for the new entrants with only advantage in capital without sufficient support in technology and downstream channels, the research group did not recommend taking risk the enter this market.
According to this study, over the next five years the Heat Pumps market will register a 5.3% CAGR in terms of revenue, the global market size will reach US$ 8880 million by 2024, from US$ 6500 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Heat Pumps business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Heat Pumps market by product type, application, key manufacturers and key regions and countries.
This study considers the Heat Pumps value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Air to Water Monobloc
Air to Water Cylinder
Ground/Water to Water
Air to Water Split
Exhaust Air
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Residential Heat Pumps
Industrial Heat Pumps
Commercial Heat Pumps
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Daikin
Mitsubishi
Atlantic
NIBE Industrier
Hitachi
Bosch
Panasonic
Aermec
STIEBEL ELTRON
CIAT
Fujitsu
Vaillant
Danfoss Group
Carrier
Rheem
Johnson Controls
Calorex
Kensa
Maritime Geothermal
Thermia
ClimateMaster
Bryant
Midea
GREE Electric
Sirac
Anywhere
Fuerda
Tongyi Electrical
AMITIME
Zhengxu
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Heat Pumps consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Heat Pumps market by identifying its various subsegments.
Focuses on the key global Heat Pumps manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Heat Pumps with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Heat Pumps submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Daikin, Mitsubishi and Atlantic captured the top three revenue share spots in the Heat Pumps market in 2015. Daikin dominated with 21.83 percent revenue share, followed by Mitsubishi with 8.47 percent revenue share and Atlantic with 7.00 percent revenue share.
In the next five years, the global consumption of Heat Pumps will show upward tendency further, consumption is expected in 2020 will be 5814.60 (K units). The average operating rate will remain at 83% to 85%.
In terms of the segment, the Air to Water Monobloc segment was the largest contributor in the Heat Pumps market. In 2014 the Air to Water Monobloc segment amounted for 76.03% revenue share.
Despite the presence of competition problems, due to the clear global recovery trend, investors are still optimistic about this area, in future still more new investment will enter into the field. Technology and cost are two major problems.
Although sales of Heat Pumps brought a lot of opportunities, for the new entrants with only advantage in capital without sufficient support in technology and downstream channels, the research group did not recommend taking risk the enter this market.
According to this study, over the next five years the Heat Pumps market will register a 5.3% CAGR in terms of revenue, the global market size will reach US$ 8880 million by 2024, from US$ 6500 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Heat Pumps business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Heat Pumps market by product type, application, key manufacturers and key regions and countries.
This study considers the Heat Pumps value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Air to Water Monobloc
Air to Water Cylinder
Ground/Water to Water
Air to Water Split
Exhaust Air
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Residential Heat Pumps
Industrial Heat Pumps
Commercial Heat Pumps
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Daikin
Mitsubishi
Atlantic
NIBE Industrier
Hitachi
Bosch
Panasonic
Aermec
STIEBEL ELTRON
CIAT
Fujitsu
Vaillant
Danfoss Group
Carrier
Rheem
Johnson Controls
Calorex
Kensa
Maritime Geothermal
Thermia
ClimateMaster
Bryant
Midea
GREE Electric
Sirac
Anywhere
Fuerda
Tongyi Electrical
AMITIME
Zhengxu
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Heat Pumps consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Heat Pumps market by identifying its various subsegments.
Focuses on the key global Heat Pumps manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Heat Pumps with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Heat Pumps submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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