Air source heat pump market to be valued at US$85 billion by 2030: Global Market Insights Inc.

Global Market Insights Inc.

Global Market Insights Inc.

The main participants in the air source heat pump market include Vaillant Group, Swegon Group AB, Trane, NIBE Industrier AB, Viessmann, AO Smith and DAIKIN INDUSTRIES, Ltd. and Carrier, Bosch Thermotechnology Ltd, Colmac Industries, SAMSUNG, Grant UK and Systemair AB.

Selbyville, Delaware, Oct 12, 2022 (GLOBE NEWSWIRE) –

The air source heat pump market is expected to reach a valuation of US$85 billion by 2030, according to a New research report by Global Market Insights Inc.

The report cites fluctuating temperature ranges across different regions as a prominent factor driving demand for air source heat pumps. Many of the world’s economies have experienced extreme climate changes due to increasing levels of carbon dioxide in conjunction with many other factors, driving the demand for efficient heating and cooling solutions.

For example, in December 2021, the temperature across Canada’s northwest has dropped below -51°C, with the country celebrating its coldest day. On the other hand, regions such as Louisburg and Nova Scotia recorded the highest temperatures (~4.6°C) on the same day. A conscious shift from fossil fuel boilers towards low carbon heat pumps due to their ability to operate in a wide range of temperatures to effectively serve heating and cooling needs will enhance the market landscape for air source heat pumps.

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Extensive Applications for Air-to-Air Increased Diffusion of Heat Pumps

The Go-Go segment is set to see significant revenues between 2022 and 2030, due to the increasing prevalence of alternative heating solutions with a low carbon footprint across major economies. These systems are easy to install, require little maintenance, and have a longer life. The versatile benefits associated with the product, along with growing environmental concerns and stringent emissions regulations, will accelerate the adoption of air-to-air heat pumps.

Increased focus on mitigating carbon emissions to support product demand

The commercial applications segment of the air source heat pump market is expected to account for a significant share of revenue by 2030. The growing popularity of clean technologies and the increase in sustainable building construction will lead to increased heat pump installation across commercial enterprises. The International Energy Agency, in its latest report, emphasized that to achieve net-zero targets by 2050, the sale of new gas boilers must be halted by 2025. Extremely high fuel prices and increased demand for renewables are likely to boost penetration. Air source heat pumps in commercial spaces.

Increased technology investments to boost product demand across the Asia Pacific region

Asia-Pacific Air Source Heat Pump Market Prepare to display significant gains during the forecast period. The regional expansion is due to massive population growth and increased investment in progressive energy systems backed by an improving economic outlook. Increasing space heating and cooling requirements across residential and commercial establishments due to varying climatic conditions may drive the regional landscape. Moreover, strict regulations and continuous expansion of infrastructure may shift industry trends across the region.

Product innovations to support the competitive landscape

The major players operating in the air source heat pump market are Vaillant Group, Swegon Group AB, Trane, NIBE Industrier AB, Viessmann, AO Smith and DAIKIN INDUSTRIES, Ltd. and Carrier, Bosch Thermotechnology Ltd, Rheem Manufacturing Company, Finn Geotherm UK Limited, STIEBEL ELTRON GmbH & Co. KG, GREE ELECTRIC APPLIANCES, INC., FUJITSU GENERAL, Panasonic Corporation, Toshiba Air Conditioning, LG Electronics, Lennox International Inc. United Kingdom, and Systemair AB. These companies focus on introducing new product lines by utilizing the latest technologies to make room for future growth opportunities.

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Partial Table of Contents (ToC) for the report:

Chapter 3 Air Source Heat Pump Market Insights
3.1 Industrial Ecosystem Analysis
3.2 The innovation and sustainability landscape
3.3 Regulatory landscape
3.4 Impact of COVID-19 on Industry Outlook
3.5 Price trend analysis
3.6 Industry Impact Forces
3.6.1 Engines of Growth
3.6.1.1 North America
3.6.1.1.1 Increasing adoption of energy-saving systems
3.6.1.1.2 Rising energy demand combined with increased measures to reduce greenhouse gas emissions
3.6.1.2 Europe
3.6.1.2.1 Increasing the tendency towards clean energy technologies
3.6.1.2.2 Increased demand for space heating and energy-saving systems
3.6.1.2.3 Adequate regulatory framework
3.6.1.2.4 Severe climatic conditions
3.6.2 Industry flaws and challenges
3.6.2.1 Availability of other heating technologies besides significant initial cost
3.7 Analysis of Growth Potential
3.8 Porter’s Analysis
3.9 Competitive Landscape, 2022

3.10 PESTEL تحليل Analysis

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About Global Market Insights Inc.

Global Market Insights Inc. Headquartered in Delaware, United States, is a global market research and advisory service provider, providing aggregated and customized research reports along with growth advisory services. Business intelligence reports and industry research provide our clients with insights and actionable market data tailored and presented to aid strategic decision-making. These comprehensive reports are designed via a proprietary research methodology and are available to key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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