The global Heat Pumps market was valued at 61.33 Million USD in 2021 and will grow with a CAGR of 5.14% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

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.

By Market Verdors:

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

By Types:

Air to Water Monobloc

Air to Water Cylinder

Ground/Water to Water

Air to Water Split

Exhaust Air

By Applications:

Residential Heat Pumps

Industrial Heat Pumps

Commercial Heat Pumps

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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