Global Heat Pumps Market Size, Share, Trends 2023-2028.

1. Global Heat Pumps Market Research Report 2023-2028 Author: Elena Anderson Marketing Manager Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2022 IMARC All Rights Reserved

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3. Report Description and Highlights Report Description Global Heat Pumps Market Outlook 2023-2028: According to the latest report by IMARC Group, titled “Heat Pumps Market: Global Industry Trends, Size, Share, Growth, Opportunity, and Forecast 2023-2028,“ the global heat pumps market size reached US$ 54.0 Billion in 2022. The market value to reach US$ 93.7 Billion by 2028, exhibiting a growth rate (CAGR) of 10.12% during 2023-2028. Heat pumps refer to devices that transfer heat from one place to another by circulating refrigerant through a cycle of condensation and evaporation. These pumps comprise numerous components, including condensers, compressors, evaporators and expansion valves, for their efficient functioning. The compressor is utilized to pump the refrigerant between two heat exchanger coils, wherein the refrigerant is evaporated at low pressure in one coil and is further condensed at high pressure in the other coil. These pumps are used to warm homes during winters and make the spaces cooler during warm and hot conditions. Since these systems are extremely energy efficient in nature, require lesser maintenance and are much safer to use as compared to combustion-based heating systems, they are gaining widespread preference on the global level. Request a Free PDF Sample of the Report: https://www.imarcgroup.com/heat-pumps- market/requestsample

4. Report Description and Highlights Report Description Global Heat Pumps Market Trends: The global market is primarily driven by the increasing sales of heating, ventilation, and air conditioning (HVAC) systems. Altering global climatic conditions and improving standards of living have increased the uptake of these systems, thereby impelling the demand for heat pumps. Apart from this, steadily increasing population, rapid urbanization and inflating per capita income levels have created the need for the expansion of residential spaces. This trend, coupled with the rising trend of renovation and modernization across the residential and commercial sectors, is boosting the sales of these pumps on a global level. Moreover, the widespread adoption of green buildings, owing to an enhanced preference for sustainable development among the masses, is expected to create a positive outlook for the market growth. Furthermore, since these pumps have an efficient conversion rate of energy to heat, and their utilization reduces carbon emissions, governments of various countries, such as the United States, are undertaking initiatives to promote their usage and offering numerous benefits on their installation. In confluence with this, the growing popularity of dual source heat pumps (DSHP) among users, owing to their improved efficiency and performance, is further facilitating the market growth. View Report TOC, Figures and Tables: https://www.imarcgroup.com/heat-pumps-market

5. Report Description and Highlights Report Description Key Market Segmentation: The report has segmented the global heat pumps market on the basis of type, component, deployment mode, organization size and vertical. Breakup by Product Type: • • • • • Air Source Heat Pump Ground Source Heat Pump Water Source Heat Pump Exhaust Air Heat Pump Others Breakup by Rated Capacity: • • • • Up to 10 kW 10–20 kW 20–30 kW Above 30 kW

6. Report Description and Highlights Report Description Breakup by End Use Sector: • • • • • • • • • Residential Commercial Hospitality Retail Education Food & Beverage Paper & Pulp Chemicals & Petrochemicals Others

7. Report Description and Highlights Report Description Regional Insights: • • • • • North America Asia Pacific Europe Latin America Middle East and Africa Ask Analyst for Customization and Explore full Report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=1646&flag=E

8. Key Questions Answered in the Report Report Description Competitive Landscape With Key Players: The competitive global heat pumps market has been studied in the report with the detailed profiles of the key players operating in the market. • • • • • • • • • • • Daikin Industries, Ltd. Mitsubishi Electric Corporation MIDEA GROUP NIBE Industrier AB, Corp. Ingersoll Rand Danfoss Panasonic Corporation GDC Group Limited Viessmann Manufacturing Company Inc. Robert Bosch GmbH United Technologies Corporation

9. Key Questions Answered in the Report Report Description • • • • • • • • • How big is the global heat pumpsmarket? What is the expected growth rate of the global heat pumpsmarket during 2023-2028? What are the key factors driving the global heat pumps market? What has been the impact of COVID-19 on the global heat pumps market? What is the breakup of the global heat pumpsmarket based on the rated capacity? What is the breakup of the global heat pumpsmarket based on the product type? What is the breakup of the global heat pumpsmarket based on the end use sector? What are the key regions in the global heat pumpsmarket? Who are the key players/companies in the global heat pumps market?

10. Report DescriptionTable of Contents 1 Preface 2 Scope and Methodology 3 Executive Summary 4 Introduction 5 Global Heat Pumps Market 6 Market Breakup by Rated Capacity 7 Market Breakup by Product Type 8 Market Breakup by End Use Sector 9 Market Breakup by Region

11. Report DescriptionTable of Contents 10 SWOT Analysis 11 Value Chain Analysis 12 Porter’s Five Forces Analysis 13 Price Analysis 14 Competitive Landscape Click Here to Visit the Complete Table of Content With List of Figures and Tables: https://www.imarcgroup.com/heat-pumps-market/toc

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