CHICAGO, May 10, 2022 /PRNewswire/ — Large natural refrigerant heat pumps market by refrigerant (ammonia (R717), carbon dioxide (R744), hydrocarbons), capacity ( Large Natural Refrigerant Heat Pumps Market, Published by MarketsandMarkets™ It is expected to reach USD 9.1 billion by 2027, while the market size is estimated at USD 5.8 billion in 2022, growing at a CAGR of 9.4% during the forecast period.The factor driving the growth of the large natural refrigerant heat pump market is the increasing awareness of the contribution of large natural refrigerant heat pump technology in reducing carbon footprint.
Carbon dioxide (R-744) natural refrigerant is estimated to be the largest and fastest growing refrigerant in the natural refrigerant segment.
The large natural refrigerant heat pump market is segmented by natural refrigerants into ammonia (R717), carbon dioxide (R744), hydrocarbons, and other refrigerants such as air, water.Carbon dioxide (R744) natural refrigerant is estimated to have the largest market share and is expected to grow at the highest rate during the forecast period.The higher growth rate of this segment is due to high heat carrying capacity and non-toxic chemical properties.
In-depth look at TOC 152 of “Large Natural Refrigerant Heat Pump Market” – Table 45 – Figure 180 – Page
Check out the detailed catalog here: https://www.marketsandmarkets.com/Market-Reports/large-scale-natural-refrigerant-heat-pump-market-127999119.html
Industrial segment is expected to be the most important large-scale natural refrigerant heat pump market, by end use
The large natural refrigerant heat pump market is segmented into commercial and industrial by end-use.The industrial sector will account for the largest share of the large natural refrigerant heat pump market at 56.2% in 2021.Government initiatives to increase energy efficiency in the industrial sector are expected to boost the industrial sector over the forecast period.
North America is estimated to be the largest market for the large natural refrigerant heat pump market, followed by Asia Pacific.North America is expected to be the fastest growing market during the forecast period.The growth of the large natural refrigerant heat pump market in North America is expected to be driven by government-led initiatives to reduce air pollution from conventional energy sources used for heating in the commercial and industrial sectors.
For an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the Large Natural Refrigerant Heat Pump Market.These players include Siemens Energy (Germany), Johnson Controls (Ireland), Emerson Electric Co. (USA), GEA Group Aktiengesellschaft (Germany) and Mitsubishi Electric Corporation (Japan).
Heat Pump Water Heaters Market By Type (Air Source, Geothermal), Storage (Up to 500 L, 500–1000 L, Above 1000 L), Capacity (Up to 10 kW, Above 10 kW), Refrigerant (R410A, R407C, R744), End User (Residential, Commercial, Industrial), Region – Global Forecast to 2026
Commercial Water Heaters Market by Type (Electric, Gas, Oil, Heat Pump, Solar, Hybrid, and Others), Liters (Below 500, 500-1,000, 1,000-3,000, 3,000-4,000 and More), Rated Capacity (Up to 10kW, 10-50kW, 50-150kW and above) and region – global forecast to 2026
MarketsandMarkets™ provides quantitative B2B research on 30,000 high-growth niche opportunities/threats that will impact 70% to 80% of company revenue worldwide.Currently serving 7,500 clients around the world, including 80% of the clients of Fortune 1000 companies worldwide.Nearly 75,000 senior executives across 8 industries worldwide approach MarketsandMarkets™ to address their pain points around revenue decisions.
Our 850 full-time analysts and SMEs at MarketsandMarkets™ are tracking global high-growth markets according to the Growth Engagement Model – GEM.GEM is designed to actively work with clients to uncover new opportunities, identify the most important clients, develop “attack, avoid and defend” strategies, and identify incremental revenue streams for the company and its competitors.MarketsandMarkets™ now launches 1,500 MicroQuadrants annually in high-growth emerging sectors (positioning top players among leaders, emerging companies, innovators, strategic players).MarketsandMarkets™ is determined to benefit over 10,000 companies this year from their revenue programs and help them bring their innovations/disruptions to market early by providing them with leading research.
MarketsandMarkets’ flagship competitive intelligence and market research platform, The Knowledge Store, connects over 200,000 markets and entire value chains to gain deeper insights into unmet insights as well as market sizing and niche market forecasts.
Contact: Mr. Aashish MehraMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: [email protected] Research Insight: https://www.marketsandmarkets.com/ ResearchInsight/large-scale-natural-refrigerant-heat-pump-market.asp Visit our website: https://www.marketsandmarkets.com Content source: https://www.marketsandmarkets.com/PressReleases/large-scale- natural-refrigerant-heat-pump.asp