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Global Heat Pump Market 2018-2022 | Key Insights and Forecasts | Technavio

June 9, 2018

Technavio has published a new market research report on the global heat pump market from 2018-2022. (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--Jun 9, 2018-- analysts forecast the global heat pump market to post a CAGR of more than 8%, according to their latest market research report.

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Technavio has published a new market research report on the global heat pump market from 2018-2022. (Graphic: Business Wire)

The increased adoption of solar powered heat pumps is one of the major trends being witnessed in the . Installing a heat pump with a solar PV system offers dual benefits in terms of energy savings and reduced dependency on fossil fuels. This also helps organizations cut down on the overall carbon footprint. Most state governments are also emphasizing on increasing the dependency on clean sources of energy.

This report is available at a USD 1,000 discount for a limited time only:

In this report, according to Technavio analysts, one of the key factors contributing to the growth of the global heat pump market is the growing construction sector:

Global heat pump market: Growing construction sector to boost growth

The construction sector plays a major role in driving the demand for heat pumps owing to the increase in construction of commercial and residential buildings. Air-conditioning, refrigeration, and space heating are the common applications of heat pumps in both residential and commercial buildings. Other applications include hot water supply in commercial buildings, cold storage warehouses, and process heat and steam for industrial applications.

According to a senior analyst at Technavio, “An increase in the trend of developing green buildings owing to growing environmental concerns will further drive the demand for heat pumps. APAC is emerging as a major construction hub due to ongoing developments in infrastructure and real estate sectors in the region.”

Global heat pump market: Market segmentation and analysis

This market research report segments the global heat pump market by product (ASHP, GSHP, and EAHP), and geography (APAC, the Americas, and EMEA). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

In 2017, EMEA accounted for a major share in the global heat pump market, followed by the Americas and APAC. However, the region is expected to witness a decline during the forecast period, while APAC is expected to witness a significant increase of more than 3% in its market share by 2022.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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CONTACT: Technavio Research

Jesse Maida

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UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY MANUFACTURING OTHER MANUFACTURING CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 06/09/2018 12:14 PM/DISC: 06/09/2018 12:14 PM

http://www.businesswire.com/news/home/20180609005049/en

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