Sellbyville, DE -- (SBWire) -- 05/02/2019 --Heat Pump Market size is set to reach over USD 60 Billion by 2025, as reported in the latest study by Global Market Insights, Inc.
Rising focus toward improved environmental performance, energy security along with growing initiatives to minimize heat consumption from fossil driven systems will stimulate the global heat pump market size. The air source heat pump consumes less energy to operate i.e. 40% when compared with conventional units. Furthermore, introduction of green building standards and codes to enhance the deployment of sustainable technologies and thereby minimizing carbon emissions will further enhance the product penetration.
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Surging demand for sustainable and cost-effective heating and cooling solutions to reduce electricity consumption will stimulate the market share. Population migration toward urban areas, increase in investment toward development of residential apartments along with increase in disposable income are some of the imperative parameters fueling the energy demand. Volatility in electricity and fossil fuel prices have positively impacted the demand for energy efficient systems.
Positive outlook toward the construction of single and multi-housebuilding units across the Northeast and Midwest regions backed by rapid urbanization will augment the U.S. market size. Stringent regulations toward GHG emissions along with favorable measures to promote the adoption of renewable technologies will further complement the business dynamics.
Research Methodology:
The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:
- Definition and scope of research
- Market dynamics, growth drivers and industry pitfalls
- Regulatory and political guidelines for the industry
- Demographics and statistical data
Key Highlights of this report:
- Historical data coverage: 2014 to 2018.
- Growth Projections: 2019 to 2025.
- Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
- 6-7-year performance forecasts: major segments covering applications, top products and geographies. Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.
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Report Content
Chapter 1 Methodology & Scope
1.1 Methodology
1.2 Market definitions
1.3 Market estimation & forecast parameters
1.4 Data Sources
Chapter 2 Executive Summary
2.1 Heat pump industry 3600 synopsis, 2014 – 2025
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Application trends
2.1.4 Regional trends
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Chapter 3 Heat Pump Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2014 - 2025
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.4 Innovation & sustainability
Chapter 4 Heat Pump Market, By Product
4.1 Heat pump market share by product, 2018 & 2025
4.2 Air Source Heat Pump
4.2.1 Global market from air source heat pump, 2014 - 2025
4.2.2 Global market from air source heat pump, by region, 2014 - 2025
4.3 Ground Source Heat Pump
Heat Pump Market Is Projected to Exceed 14 Million Units by 2025
Rising concerns over reducing the carbon emissions from fossil fuel driven systems along with growing focus toward energy conservation will drive the market size