Air Source Heat Pump Market Growth Potential, Competitive Market Share & Forecast, 2018 – 2024
Favorable regulatory framework along with clean cooling & heating programs to encourage the adoption of conventional Heating, Ventilation, and Air Conditioning (HVAC) unit, will positively impact the air source heat pump market share
(EMAILWIRE.COM, August 15, 2018 ) Global Air Source Heat Pump Market is predicted to surpass USD 35 billion by 2024. Growing demand for energy efficient, reliable and environment friendly system to produce hot water across cold climatic region will stimulate industry revenue. Climate change, volatile price of fossil fuel and government initiatives are some of the vital factors propelling demand for energy efficient system. The European Union has introduced an ambitious plan to meet 20% of their energy consumption from clean/renewable sources by 2020.
Favorable government measures toward energy efficient system along with rising concern to cut electricity bills will stimulate the U.S. air source heat pump market Government has introduced several initiatives including tax rebate, domestic renewable heat incentive to promote adoption of energy efficient system. Growing demand for water and space heating across the country will further enhance the product penetration. In 2016, according to the U.S. department of energy, water heating across the residential establishment accounted for 18% of electricity consumption and 4% for commercial buildings.
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Ability to offer high efficiency, by simultaneously limiting electricity bills, and providing hot water at and -200C are some of the key underlined features which will propel the air to water air source heat pump market growth. Technological advancement in system design to reduce maintenance cost and enhance efficiency will further complement the industry growth. Stiebel Eltron introduced new indoor ATW series for low acoustic emission.
Growing demand for hot water across residential and commercial establishments in cold climatic condition will propel the air source heat pump market of Europe. Introduction of several norms and directives to curb greenhouse gas emissions and energy consumptions will further complement the business outlook. EU introduced 2010/31/EU building directive with an objective to ensure that all new building to be nearly zero energy by 2020.
Introduction of several building efficiency policies and energy codes along with supportive urbanization plan will stimulate the China air source heat pump market In 2014, China introduced New Type Urbanization Plan to conduct environment-friendly, people-centered, sustainable and environment-friendly economic growth for period between 2014 to 2020.
Commercial application is predicted to witness growth over 8%. Rapid urbanization along with increasing investment toward infrastructure sector owing to migration of rural population to urban area will propel the industry outlook. Growing spending toward advancement of healthcare facilities will further foster the air source heat pump market. In 2015, the U.S. recorded investment of over USD 3 trillion across healthcare sector.
Major player in air source heat pump marketinclude Danfoss, Colmac, LG Electronics, Carrier, A.O. Smith, Fujitsu General, Daikin Industries, Bosch Thermotechnik, Climaveneta, Panasonic, BDR Thermea Group, Vaillant, Mitsubishi Electric, Dimplex and NIBE.
Favorable government measures toward energy efficient system along with rising concern to cut electricity bills will stimulate the U.S. air source heat pump market Government has introduced several initiatives including tax rebate, domestic renewable heat incentive to promote adoption of energy efficient system. Growing demand for water and space heating across the country will further enhance the product penetration. In 2016, according to the U.S. department of energy, water heating across the residential establishment accounted for 18% of electricity consumption and 4% for commercial buildings.
Request for Sample Copy of this research report @ https://www.gminsights.com/request-sample/detail/2393
Ability to offer high efficiency, by simultaneously limiting electricity bills, and providing hot water at and -200C are some of the key underlined features which will propel the air to water air source heat pump market growth. Technological advancement in system design to reduce maintenance cost and enhance efficiency will further complement the industry growth. Stiebel Eltron introduced new indoor ATW series for low acoustic emission.
Growing demand for hot water across residential and commercial establishments in cold climatic condition will propel the air source heat pump market of Europe. Introduction of several norms and directives to curb greenhouse gas emissions and energy consumptions will further complement the business outlook. EU introduced 2010/31/EU building directive with an objective to ensure that all new building to be nearly zero energy by 2020.
Introduction of several building efficiency policies and energy codes along with supportive urbanization plan will stimulate the China air source heat pump market In 2014, China introduced New Type Urbanization Plan to conduct environment-friendly, people-centered, sustainable and environment-friendly economic growth for period between 2014 to 2020.
Commercial application is predicted to witness growth over 8%. Rapid urbanization along with increasing investment toward infrastructure sector owing to migration of rural population to urban area will propel the industry outlook. Growing spending toward advancement of healthcare facilities will further foster the air source heat pump market. In 2015, the U.S. recorded investment of over USD 3 trillion across healthcare sector.
Major player in air source heat pump marketinclude Danfoss, Colmac, LG Electronics, Carrier, A.O. Smith, Fujitsu General, Daikin Industries, Bosch Thermotechnik, Climaveneta, Panasonic, BDR Thermea Group, Vaillant, Mitsubishi Electric, Dimplex and NIBE.
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results