CHICAGO, Feb. 15, 2022 /PRNewswire/ — Heat Pump Market by Type (Air-to-Air, Air-to-Water, Water Source, Geothermal, Hybrid) Refrigerants (R410A, R407C), According to New Market Research Report, R744) Rated Capacity (Up to 10 kW, 10-20 kW, 20-30 kW, >30 kW) End User (Residential, Commercial, Industrial) Region – Global Forecast to 2026″, published by MarketsandMarkets™, Global Heat Pump Market It is expected to reach $83.5 billion by 2026.The global heat pump market is expected to reach USD 83.5 billion by 2026 from an estimated market size of USD 53.2 billion in 2021, growing at a CAGR of 9.5% during the forecast period.Factors driving the growth of the heat pump market are supportive government laws and subsidies to improve energy efficiency.
The heat pump market is segmented by type into air-to-air heat pumps, air-to-water heat pumps, water-source heat pumps, ground-source (geothermal) heat pumps, and hybrid heat pumps.The air-to-air heat pump type is estimated to hold the largest market share and is expected to grow at the highest rate over the forecast period.The higher growth rate in this segment is due to the lowest amount of carbon dioxide emitted compared to other heat pump types.
Check out the detailed catalog here: https://www.marketsandmarkets.com/Market-Reports/heat-pump-market-153294991.html
The heat pump market is segmented by end user into residential, commercial, and industrial.The residential segment accounted for the largest share of the heat pump market at 71.3% in 2020.Government initiatives to increase energy efficiency in the residential sector are expected to boost the residential segment over the forecast period.
The Asia-Pacific region is estimated to be the largest market for the heat pump market, followed by North America.North America is expected to be the fastest growing market during the forecast period.The growth of the North American heat pump market is expected to be driven by government-led initiatives to reduce air pollution from traditional energy sources used for heating in the residential, 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 Heat Pump Market.These players include Samsung (South Korea), Denso Corporation (Japan), Midea Group (China), Panasonic Corporation (Japan) and Mitsubishi Electric Corporation (Japan).
Heat Pump Water Heaters Market By Type (Air Source, Geothermal), Storage (Up to 500L, 500–1000L, Above 1000L), Capacity (Up to 10kW, Above 10kW), Refrigerant (R410A, R407C, R744), End User (Residential, Commercial, Industrial), Region – Global Forecast to 2026 https://www.marketsandmarkets.com/Market-Reports/heat-pump-water-heater-market-22529761.html
Commercial Water Heater Market by Type (Electric, Gas, Oil, Heat Pump, Solar, Hybrid & Others), Liters (Below 500, 500-1,000, 1,000-3,000, 3,000-4,000 & More), Rated Capacity (Up to 10kW, 10-50kW, 50-150kW and more) and Regions – Global Forecast to 2026 https://www.marketsandmarkets.com/Market-Reports/commercial-water-heaters-market-65877243.html
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