Heat Pump Water Market Research Report
Global Heat
Pump Water Market
The GMI Research forecasts that the Heat Pump Water Market
is witnessing an upsurge in demand over the forecast period. This is mainly due
to their growing installation across residential, commercial and industrial areas,
reducing carbon discharge and increasing inclination towards the
energy-effective product.
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a FREE Sample of Heat Pump Water Market.
Introduction of the Heat Pump Water Market
Heat pump water heaters help to heat and cool homes or water
and implement electricity to move heat from one place to another instead of
directly generating heat. The compressor absorbs the heat from the surrounding
air and moves it to the storage tank, allowing the water to be heated.
Key Players of the Global Heat Pump Water Market:
·
Danfoss
·
Hangzhou Jinjiang Solar
·
Idemitsu
·
Webasto SE
·
Ingersoll Rand
·
Midea Group.
·
RHEEM Manufacturing Company
·
DAIKIN
·
O. SMITH CORPORATION
·
Zodiac Pool Solutions.
Heat Pump Water Market Dynamics (including market size,
share, trends, forecast, growth, forecast, and industry analysis)
The heat water pumps play an extremely crucial role in
reducing energy consumption and carbon discharge. Thus, the increasing demand
across the residential sector to decrease the energy exhaustion and CO2
emissions accounts to be the major drivers supplementing the
heat water market growth.
As per the International Energy Agency (IEA) in 2019, residential buildings
contributed approximately 20% of energy demand, responsible for nearly 22% of
global carbon dioxide (CO2) emissions.
In addition, the leading market players are increasingly
adopting new technology-based devices to raise the effectiveness and minimize
carbon emission in the industry due to rapid globalization and urbanization.
iPHNIX, leading China's heat pump manufacturer, in March 2020, introduced a New
HeatForce Series CO2 Heat Pump Water Heating system for commercial and
industrial applications. The pump helped to enhance the efficiency of the heat
pump system by minimizing the impact on the environment under extremely
low-temperature conditions. Further, PHNIX is bringing powerful eco-friendly
CO2 refrigerants into the European market for various commercial and industrial
uses.
Besides this, several other factors, include mounting demand
for power-efficient cooling and heating systems, surging government initiatives
to promote geothermal heat pumps, and the increasing prominence of renewable
energy to combat climate change and environmental degradation. However,
inflated installation and manufacturing costs and instability in the prices of
raw materials will hamper the heat
water market share.
Heat Pump Water Market Segmentation:
Segmentation
by Type
·
Geothermal
·
Air Source
Segmentation
by Product
·
Air-to-water
·
Ground source heat pumps (GHSP)
Segmentation
by Storage
·
Up to 500 L
·
500–1000 L
·
Above 1000 L
Segmentation
by Capacity
·
Up to 10 kW
·
Above 10 kW
Segmentation
by End-User
·
Residential
·
Industrial
·
Commercial
Segmentation
by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
About GMI
Research
GMI Research is a market research and consulting company
that offers business sights and market research reports for every enterprise,
including small & medium enterprises and large organizations. Our research
team helps the clients to understand the impact of market dynamics such as
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