Los Angeles, CA -- (SBWire) -- 05/02/2019 --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.

The global Heat Pumps market was 6500 million US$ in 2018 and is expected to 9900 million US$ by the end of 2025, growing at a CAGR of 5.4% between 2019 and 2025.

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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.

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%.

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.

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.

This report studies the Heat Pumps market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

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The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include:

Daikin
Mitsubishi
Atlantic
NIBE Industrier
Hitachi
Bosch
Panasonic
Aermec
STIEBEL ELTRON
CIAT
Fujitsu
Vaillant
Danfoss Group
Carrier
Rheem
Johnson Controls
Calorex
Kensa
Maritime Geothermal
Thermia
ClimateMaster
Bryant
Midea
GREE Electric
Sirac
Anywhere
Fuerda
Tongyi Electrical
AMITIME
Zhengxu

By the product type, the market is primarily split into:

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

By the end users/application, this report covers the following segments:

Residential Heat Pumps
Industrial Heat Pumps
Commercial Heat Pumps

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