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Heat Pump Market Size to Reach Revenues of over $92 Billion by 2025 - AriztonIn-depth analysis and data-driven insights on the impact of COVID-19 included in this global heat pump market report. CHICAGO, Sept. 14, 2020 /PRNewswire/ -- The global heat pump market size is expected to grow at a CAGR of around 8% during the period 2019-2025.  Key Highlights Offered in the Report: 1. By product type, air source segment dominated the market with a 70% share in 2019 and is expected to add over $6.5 billion during the forecast period. 2. By capacity, less than 10kW heat pumps were more significant, where the global installations are expected to reach 14 million units by 2025. 3. Driven by the concept of district heating, and supportive government regulations, the commercial end user segment is expected to grow over 8% during the forecast period. 4. With respect to penetration, the Nordic and Scandinavian countries are regarded as forerunners, where the European region accounted for around 18% of the revenue share. 5. The preference for green buildings, LEED certification systems, and high product awareness are driving market in APAC where China, Japan, and South Korea. 6. Eco-friendly refrigerants, IoT integration, and expansion of global footprint are some of the major competitive strategies pursued by the vendors in the heat pump market. Key Offerings:
Get your sample today! https://www.arizton.com/market-reports/heat-pump-market-size-analysis Heat Pump Market – Segmentation
Heat Pump Market by Product Type
Heat Pump Market by End-user
Heat Pump Market – Dynamics The concept of green buildings is gaining momentum across the globe where the benefits associated with respect to the environment is driving adoption. Addressing climatic change, creation of sustainable and thriving communities, and driving the growth of economy are some of the major factors enforcing the growth of this trend. While they are not only preferred for reducing the harmful impact on the environment, they are also capable of generating energy and increasing biodiversity. The defense on green buildings are also on the rise owing to the higher resale value of the building in future which is approximately 7%-10% higher than conventional buildings. The concept also aims to achieve high comfort and health to the occupants through the use of materials that are environment friendly. Key Drivers and Trends fueling Market Growth:
Heat Pump Market – Geography Growth is expected from growing markets of India, Indonesia, Malaysia, and Thailand where low product awareness and high cost of installation were the major challenges for adoption till 2019. The attractive government subsidies and the stringent efforts taken towards improving the sustainability factor has contributed to the growth of heat pump installation in China. The consistent investment in district heating network is influencing the market for high capacity heat pumps in commercial and small industrial spaces. With more than 400 heating projects in line, the vendors can potentially convert this opportunity for adopting heat pumps over boilers. Going forward, the vendors can rely on smart district heating projects for viable growth scenarios. While the sales of air source heat pumps have attained maturity, implementation of newer technologies and eco-friendly refrigerants in heat pumps of compact sizes can find suitable adoption. Get your sample today! https://www.arizton.com/market-reports/heat-pump-market-size-analysis Heat Pump Market by Geography
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About Arizton: Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services. We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts. Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports. Mail: [email protected] Call: +1-312-235-2040
SOURCE Arizton Advisory & Intelligence 
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