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$100+ Billion Heat Pumps Market - Global Forecasts from 2018 to 2023 - ResearchAndMarkets.com

September 18, 2018

DUBLIN--(BUSINESS WIRE)--Sep 18, 2018--The “Heat Pumps Market - Forecasts from 2018 to 2023” report has been added to ResearchAndMarkets.com’s offering.

The heat pumps market was valued at US$74.408 billion in 2017 and is projected to reach US$103.939 billion in 2023 growing at a CAGR of 5.73% during the forecast period. Heat pumps are designed to move heat from colder place to warm, with the help of electricity. Regions where heating and cooling needs are moderate, these pumps are efficient alternatives to furnaces and air conditioners. The growth of this market is majorly attributed to rapid urbanization and industrialization in many regions across the globe. As the number of commercial, residential and industrial establishments continues to grow, the demand for efficient heating solutions will continue to be driven significantly, thus boosting the growth of heat pumps market. Increasing focus of market players towards improving the efficiency of heat pumps is attracting substantial investments into research and development. Innovation, as a result of R&D, is bringing a good range of advanced heat pumps into the market, thus fuelling their adoption by players across industries. Shifting focus towards sustainability is further fuelling the adoption of these pumps by customers, thus augmenting the growth of this market.

Heat Pumps market has been segmented on the basis of type, end users, and geography. Under different types; Air Source Heat Pumps, Ground Source Heat Pumps, Water Source Heat Pumps, Exhaust Air System among Others have been covered. Residential, commercial and industrial are the major end users type, which has been covered as a part of this report.

Important regions for vendors in terms of market size are covered through detailed geographical segmentation and country level forecasts. Geographical regions covered as a part of this section are North America, South America, Europe, Middle East and Africa, and Asia Pacific regions.

Major industry players profiled as part of the report are Enertech Group, Bosch, Panasonic, Danfoss, Carrier, and Viessmann Group among others.

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

5. Heat Pumps Market by Type

6. Heat Pumps Market by End User

7. Heat Pumps Market by Geography

8. Competitive Intelligence

9. Company Profiles

Enertech GroupBoschPanasonicDanfossCarrierViessmann GroupSTIEBEL ELTRON GmbH & Co. KGGlen DimplexFor more information about this report visit https://www.researchandmarkets.com/research/fdz4c8/100_billion?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180918005546/en/

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Related Topics:Pumps

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING ENGINEERING OTHER MANUFACTURING

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/18/2018 08:10 AM/DISC: 09/18/2018 08:10 AM

http://www.businesswire.com/news/home/20180918005546/en

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