Heat Pumps Market is projected to grow at a compound annual growth rate of 6.02% over the forecast period 2015 to 2021. 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 demand for heat pumps will witness moderate growth on account of changing climatic, government initiatives and growth in the residential sector. Focus on sustainability and declining conventional sources are energy are other major factors augmenting the demand for these pumps.
The first section of the report deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.
Next section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth and a brief technological aspect of Heat Pumps. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.
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Thirdly, Heat Pumps market has been segmented on the basis of type, heat source and end users. Under different types; Air Source Heat Pumps, Ground Source Heat Pumps, Water Source Heat Pumps, Exhaust Air System among Others have been covered. Whereas, by the heat source, this market has been segmented into Air/Water, Air/Air, and Ground Source; detailed comprehensive forecast with analysis has also been covered as part of this section. 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 Americas, Europe Middle East and Africa and Asia Pacific.
Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are Enertech Group, Bosch, Panasonic, Danfoss and Carrier along with several other players.
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