What is Air Source Heat Pump Market?
An air source heat pump is a system which transfers heat inside from outside a building, or vice versa. Under the principles of vapor compression refrigeration, an air source heat pump uses a refrigerant system which involves a compressor and a condenser to absorb heat at one place and release it from another. It can also be used as a space heater or cooler, and is sometimes called reverse-cycle air conditioners. Whereas, in domestic heating use, an air source heat pump absorbs heat from outside air and releases it inside the building, as hot air, hot water-filled radiators, under floor heating and/or domestic hot water supply.
The market study is being classified by Type (Air to Air and Air to Water), by Application (Residential and Commercial) and major geographies with country level break-up.
Daikin (Japan), Mitsubishi (Japan), Atlantic (United States), NIBE Industrier (Sweden), Hitachi (Japan), Bosch (Germany), Panasonic (Japan), Aermec (Italy), Stiebel Eltron (Germany) and Fujitsu (Japan) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Vaillant (Germany) and Danfoss Group (Denmark).
The market of Air Source Heat Pump is fragmented as it consists of major as well as emerging players. They are looking for new product launch or expansion to gain competitive advantage in upcoming years. Research Analyst at AMA predicts that Japan Manufacturers will contribute to the maximum growth of Global Air Source Heat Pump market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Air Source Heat Pump market by Type, Application and Region.
On the basis of geography, the market of Air Source Heat Pump has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Renewable Energy Sector is Fueling the Market Growth
- Rising Demand of Energy Efficient Systems
- Increasing Adoption of Innovative Technologies
- Corona Virus has Caused Lockdown in Various Regions which is Impacting the Market Growth Negatively
- Changing Climatic Conditions is Boosting the Market
- Increasing Urbanization and Commercialization
- High Upfront Costs May Hamper the Market
Market Leaders and some development strategies
In February 2019, NIBE has acquired Dutch company Nathan Holding B.V which is a distributor for the Benelux countries specializing in sustainable heating and cooling solutions.
Key Target AudienceManufacturers, Raw material suppliers, Government associations, Research organizations and Others
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