Residential heat pumps are widely installed in residential zones for maintaining warm and cool temperatures in homes. These are energy and environment efficient and a popular alternative to air conditioners and furnaces. The residential heat pump market was valued at $33.5 billion in 2021 and is estimated to reach $77.5 billion by 2030, growing at a CAGR of 9.7% from 2022 to 2030.
Request for Sample PDF: https://www.alliedmarketresearch.com/request-sample/16351
The global residential heat pump industry is segmented based on type and power source. By type, the market is classified as air source, water source, and geothermal. By power source, the market is classified into electric-powered and gas-powered. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report focuses on the global residential heat pump market analysis and the major products & applications, where residential heat pumps are used, and the roles of different key players that shape the market. Also, the report focuses on the overall demand and residential heat pump market share in various countries, presenting data in terms of both value and volume. The revenue is calculated by proliferating the volume by region-specific prices, considering the region-wise differentiated prices and residential heat pump market trends are studied comprehensively.
Get a Customized Research Report @ https://www.alliedmarketresearch.com/request-for-customization/16351
Competitive Analysis:
The Residential Heat Pump industry's key market players adopt various strategies such as product launches, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.
Some of the major key players in the global Residential Heat Pump market include,
Stiebel Eltron ag
Johnson Controls International plc
carrier corporation
Danfoss
Mitsubishi Electric Corporation
Glen Dimplex Heating & Ventilation (GDHV)
NIBE Group
Midea Group Co., Ltd.
Daikin Industries Ltd.
viessmann
IMPACT OF COVID-19 ON THE GLOBAL RESIDENTIAL HEAT PUMP MARKET
- Residential heat pumps are commonly used to warm the interior of homes. However, due to the lockdown and severe controls implemented as a result of the COVID-19 pandemic, heat pump production plants have suffered a significant reduction in 2020, owing to a reduced workforce and a disturbed supply chain.
- COVID-19 hampered different industrial activities and disrupted the supply chain, affecting practically all industries. Due to a lack of workers, most businesses have shut down. As a result of COVID-19's influence, the global residential heat pump market forecast has seen a significant drop.
- According to the United Nations Industrial Development Organization (UNIDO), 30.0%–70.0% of the pre-COVID-19 workforce of various industries, such as electrical and other third-party vendors, migrated to their hometowns due to uncertainties and loss of income during the lockdown. This unavailability or less availability of workforce is expected to directly affect the production and manufacturing activities, thereby resulting in a decline in the residential heat pump market growth during the forecast period.
Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/16351
Key Findings of the Study
- Based on type, the air source segment dominated the global residential heat pump market in 2021 and is projected to be the fastest-growing segment during the forecast period.
- Based on power source, the electric-powered segment dominated the global residential heat pump market in 2021 and is also projected to be the fastest-growing segment during the forecast period.
- Based on region, the Asia-Pacific market is projected to grow fast during the forecast period.
Latest Trending Reports by Allied Market Research:
1. Industrial Heat Pump Market - https://www.globenewswire.com/news-release/2023/02/16/2609899/0/en/Industrial-Heat-Pump-Market-Is-Expected-to-Reach-17-7-Billion-by-2031-Allied-Market-Research.html
2. Geothermal heat pump market - https://www.globenewswire.com/news-release/2022/08/10/2495750/0/en/Geothermal-Heat-Pump-Market-Is-Expected-to-Reach-12-5-billion-by-2031-Allied-Market-Research.html
3. Heat Pump Market - https://www.prnewswire.com/news-releases/heat-pump-market-to-reach-99-6-bn-globally-by-2026-at-7-7-cagr-allied-market-research-301107546.html
About Us:
Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.
No comments:
Post a Comment