March 13, 2020

Heat Pumps - How they Operate for Heating & Cooling?

A heat pump is a heating device that transfers heat energy from a source of heat to the application area. Rising the adoption of the heat pump owing to its low operation and low maintenance cost that influence the growth of the heat pump market. Rapid development in the construction sector is also contributing to the growth of the heat pump market. The reduction of the CO2 emission and an increase in the demand for energy-efficient devices is further bolstering the growth of the heat pump market.

Increasing investment in the residential and commercial sector is raising the demand for the heat pump which propels the growth of the market. Increasing demand for eco-friendly and technologically advanced devices for heating and cooling applications is a growing demand for the heat pump market. However, the high installation cost is the key hindering factor for the growth of the heat pump market. The increasing initiatives by the government to promote the consumption of fossil fuels for heating and cooling of homes is expected to grow the adoption of the heat pump that drives the growth of the market.

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The global heat pump market is segmented on the basis of type, end-user. On the basis of type the market is segmented as air source, water source, ground source. On the basis of end-user the market is segmented as residential, commercial, industrial.

The report also includes the profiles of key heat pump companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

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Prominent Manufacturers in Heat Pumps includes : Daikin North America LLC,Danfoss,Glen Dimplex,Midea,Mitsubishi Electric Corporation,NIBE Group,Panasonic Corporation,United Technologies,Vaillant,VIESSMANN