Heat Pump Market Size To Attain $103.8 Billion By 2025 Due To Increasing Need For Energy-Efficient Heating Solutions in Commercial And Residential Sector | Million Insights

February 23 08:51 2021
Heat Pump Market Size To Attain $103.8 Billion By 2025 Due To Increasing Need For Energy-Efficient Heating Solutions in Commercial And Residential Sector | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global heat pumps industry offers in-depth assessment of the growth, size, competitive landscape and other aspects in different geographical regions. Furthermore, it sheds light on the market contribution, recent developments and successful marketing strategies of leading companies.

The global Heat Pump Market size is anticipated to attain USD 103.8 billion by the end of 2025 and is projected to grow at the CAGR of 8.5% during the forecast period 2019 to 2025, according to the new report by Million Insights. The increasing need for energy-efficient heating solutions in the commercial and residential sector is driving the market growth.

Furthermore, increasing consumption of fossils like natural gas, coal and oil has an adverse impact on the environment. In addition, rising awareness about climatic changes and greenhouse gases emission is projected to bolster the demand for heat pumps. Supportive government initiatives with greater emphasis on energy-efficiency are significantly contributing to market growth.

To download the sample pdf of Heat Pump Market Report “Please” click here: https://www.millioninsights.com/industry-reports/global-heat-pump-market/request-sample

 U.S. heat pump market

Additionally, the government focus on reducing carbon footprints which in turn, is projected to support the market growth. The government also provides incentives, subsidies for installing heat pumps.

In 2018, Asia Pacific dominated the market with the highest revenue share of 41.2% in the global market. Local players across the region are posing threat to international players. These players offer high-quality products at affordable prices. Mature markets such as Europe and North America are estimated to expand a moderate rate during the forecast period. Technological advancements are projected to boost the demand for energy-efficient products.

Heat pumps market is heavily competitive in nature and highly dependent on technology developments. The end-use segment includes industrial, commercial, and residential. In the residential sector, heating systems are installed for water heating, space heating and other applications. Commercial & industrial buyers focus on operational& maintenance cost savings.

To browse report summary & detailed TOC, “please” click the link below:
https://www.millioninsights.com/industry-reports/global-heat-pump-market

Global heat pump market          

Further key findings from the report suggest: 

• Air source segment is expected to hold the largest share in the market. It is projected to expand at a CAGR of over 8.6% over the forecast period

• Depending on application, residential segment is projected to account for USD 85.6 billion by the end of 2025.

• Asia Pacific is estimated to expand at the fastest CAGR of over 9% during the forecast period.

• MEA and CSA markets are projected to grow at the CAGR of 9.0% and 8.1% respectively.

Million Insights has segmented the global heat pump market based on technology, application and region:

Heat PumpTechnology Outlook (Revenue, USD Billion, 2014 – 2025)
    • Air Source
    • Water Source
    • Ground Source

Heat Pump Application Outlook (Revenue, USD Billion, 2014 – 2025)
    • Residential
    • Industrial
    • Commercial

Heat Pump Regional Outlook (Revenue, USD Billion, 2014 – 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • France
        • Italy
        • Sweden
        • Norway
    • Asia Pacific
        • China
        • Japan
        • Australia
    • Central & South America
        • Brazil
        • Argentina
    • Middle East & Africa
        • UAE
        • Saudi Arabia

Read the Latest Press Releases by Million Insights:

• Smart Diapers Market: The global smart diapers market size is projected to reach USD 11.4 billion by 2025, further growing at a CAGR of 6.5% from 2019 to 2025. The launch of the smart wearable is encouraging this industry manufacturer to focus on producing sensor-integrated diapers that will enable caregivers to take better care of babies and adults.

• Sports Supplement Market: The global sports supplement market size is projected to reach USD 43.3 billion, by 2025. The market is expected to grow with a CAGR of 11.2% during the forecast period.

About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/global-heat-pump-market


Warning: count(): Parameter must be an array or an object that implements Countable in /home/indoreonlinejour/himachalpradeshnewspaper.com/wp-content/themes/gadgetine-theme/includes/single/post-tags-categories.php on line 7