About Air Source Heat Pump
An air source heat pump is a system which transfers heat inside from outside a building, or vice versa. Under the principles of vapor compression refrigeration, an air source heat pump uses a refrigerant system which involves a compressor and a condenser to absorb heat at one place and release it from another. It can also be used as a space heater or cooler, and is sometimes called reverse-cycle air conditioners. Whereas, in domestic heating use, an air source heat pump absorbs heat from outside air and releases it inside the building, as hot air, hot water-filled radiators, under floor heating and/or domestic hot water supply.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market of Air Source Heat Pump is fragmented as it consists of major as well as emerging players. They are looking for new product launch or expansion to gain competitive advantage in upcoming years. Analyst at AMA Research estimates that Japan Manufacturers will contribute the maximum growth to Global Air Source Heat Pump market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Daikin (Japan), Mitsubishi (Japan), Atlantic (United States), NIBE Industrier (Sweden), Hitachi (Japan), Bosch (Germany), Panasonic (Japan), Aermec (Italy), Stiebel Eltron (Germany) and Fujitsu (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Vaillant (Germany) and Danfoss Group (Denmark).
Segmentation Overview
AMA Research has segmented the market of Global Air Source Heat Pump market by Type (Air to Air and Air to Water), Application (Residential and Commercial) and Region.
On the basis of geography, the market of Air Source Heat Pump has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Capacity, the sub-segment i.e. Up to 10 kW will boost the Air Source Heat Pump market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution channel, the sub-segment i.e. OEM will boost the Air Source Heat Pump market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption of Innovative Technologies
Market Growth Drivers:
Growing Renewable Energy Sector is Fueling the Market Growth and Rising Demand of Energy Efficient Systems
Challenges:
High Upfront Costs May Hamper the Market
Restraints:
Corona Virus has Caused Lockdown in Various Regions which is Impacting the Market Growth Negatively
Opportunities:
Changing Climatic Conditions is Boosting the Market and Increasing Urbanization and Commercialization
Market Leaders and their expansionary development strategies
In February 2019, NIBE has acquired Dutch company Nathan Holding B.V which is a distributor for the Benelux countries specializing in sustainable heating and cooling solutions.
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.