Heat Pumps Market Size, Share, Development by 2023

New report published by Market Research Report Store (MRRS) which offers insights on the global Heat Pumps market.
 
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.         
 
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Global Heat Pumps Market: Forecast by Type / Application / Region
 
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.
 
Over the next five years, LPI(LP Information) projects that Heat Pumps will register a 5.3% CAGR in terms of revenue, reach US$ 8880 million by 2023, from US$ 6500 million in 2017.
 
Global Heat Pumps Market: Key Players
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
 
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Related Information:

United States Heat Pumps Market Research Report 2018
Europe Heat Pumps Market Research Report 2018
North America Heat Pumps Market Research Report 2018
Asia-Pacific Heat Pumps Market Research Report 2018
China Heat Pumps Market Research Report 2018
EMEA Heat Pumps Market Research Report 2018
Global Heat Pumps Market Research Report 2018
 

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