London, UK (PRWEB) March 24, 2014
Propelled by the rising consumer preference for more eco friendly and energy efficiency, the overall demand for heat pumps is predicted to increase at a robust pace. The market growth is well backed by the favourable energy policies, initiatives and regulations taken by the government. Amid different types of heat pumps technologies, hybrid, Co2 and gas driven heat pumps will likely expand their market share in the years ahead. As Co2 heat pumps provide an ozone and climate friendly and energy efficient technology alternative, the total demand for heat pumps has noticeably increased within the commercial and residential sectors. Meantime, gas heat pumps (CHPs) provide an eco-friendly alternative for cooling and heating in industrial, residential and commercial buildings, with the capability of reaching up to 150% efficiency.
In 2013, the world heat pumps market totaled 58.3 million units. It is expected to post a 10.6% CAGR through 2020, and by the end of forecast period, the market will likely reach 116.0 million units in volume. The world demand for heat pumps is forecast to grow from USD 56.9 billion in 2013 to around USD 116.6 billion in 2020. The fastest growing sector (air to water heat pumps), which recorded a 21.5% CAGR during 2007-2010, is anticipated to experience a 13.6% CAGR through 2020 in the US and China and surpass the other heat pump market sectors.
New research report “Heat Pumps (Heating, Cooling and Hot Water) - A Global Market Overview” worked out by Industry Experts is available at MarketPublishers.com.
Title: Heat Pumps (Heating, Cooling and Hot Water) - A Global Market Overview
Published: March, 2014
Price: US$ 4,590.00
The new comprehensive report thoroughly reviews the world heat pumps market scenario, throws light on the market’s historical background, covers the prevailing market development trends, and also contains a whole set of important industry performance estimates. It presents a close look at the major geographical markets for heat pumps, investigates the most significant technological, product development and business trends. The topical research study describes the regulative environment, characterizes the competitive climate, profiles the top companies involved in the production and supply of heat pumps, and also discusses the global and regional heat pumps market perspectives. In addition, the report provides full-scale coverage of the burning industry related issues, tackles the major concerns in the sector, and moreover, provides a detailed industry development forecast through 2020.
Country markets for heat pumps scrutinized in the report include: the United States, Canada, Austria, Bulgaria, Belgium, the Czech Republic, Finland, Denmark, France, Greece, Italy, Germany, the Netherlands, Poland, Norway, Spain, Switzerland, Sweden, The United Kingdom, China, South Korea, Japan, and Australia.
More new market research reports by the publisher can be found at Industry Experts page.