Heat Pumps Market will expand at 5.3% CAGR to hit 8880 million USD by 2023

Market Study Report adds 2018-2023 Global Heat Pumps market report that offers an exhaustive coverage of the industry with brief analysis, data charts, figures, statistics that help take business decisions, company profiles and more.

Selbyville, Delaware - January 7, 2019 /MarketersMedia/ —

The worldwide market for Heat Pumps is expected to grow at a CAGR of roughly 5.3% over the next five years, will reach 8880 million US$ in 2023, from 6500 million US$ in 2017, according to a new Research now available with Market Study Report.com.

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.

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This report focuses on the Heat Pumps in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

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.

Market Segment by Manufacturers, this report covers:

 Daikin
 Mitsubishi
 Atlantic
 NIBE Industrier
 Hitachi
 Bosch
 Panasonic
 Aermec
 STIEBEL ELTRON
 CIAT
 Fujitsu
 Vaillant
 Danfoss Group
 Carrier
 Rheem
 Johnson Controls

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%.

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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.

Market Segment by Type, covers:

 Air to Water Monobloc
 Air to Water Cylinder
 Ground/Water to Water
 Air to Water Split
 Exhaust Air

Market Segment by Applications, can be divided into:

 Residential Heat Pumps
 Industrial Heat Pumps
 Commercial Heat Pumps

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.

Table of Content:

1 Market Overview

2 Manufacturers Profiles

3 Global Heat Pumps Sales, Revenue, Market Share and Competition by Manufacturer (2016-2017)

4 Global Heat Pumps Market Analysis by Regions

5 North America Heat Pumps by Countries

6 Europe Heat Pumps by Countries

7 Asia-Pacific Heat Pumps by Countries

8 South America Heat Pumps by Countries

9 Middle East and Africa Heat Pumps by Countries

10 Global Heat Pumps Market Segment by Type

11 Global Heat Pumps Market Segment by Application

12 Heat Pumps Market Forecast (2018-2023)

13 Sales Channel, Distributors, Traders and Dealers

14 Research Findings and Conclusion

15 Appendix

More Details on this Report at: https://www.marketstudyreport.com/reports/global-heat-pumps-market-2018-by-manufacturers-regions-type-and-application-forecast-to-2023

Related Reports: -

Global Air Source Heat Pumps Market Professional Survey Report 2018

This report studies Air Source Heat Pumps in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025.

https://www.marketstudyreport.com/reports/global-air-source-heat-pumps-market-professional-survey-report-2018

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Release ID: 465703