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Air Source Heat Pump Market to grow at over good CAGR from 2017 to 2024 - PowerPoint PPT Presentation

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An outlook on Air Source Heat Pump Market growth is presented in this latest research report that reviews industry growth drivers, trends, regional factors & companies as well as provides forecasts for next few years.\n\n

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global market scenario of air source heat pump

Global Market Scenario of Air Source Heat Pump Industry

  • Favorable government initiatives including incentive plans, emissions reduction targets and clean heating and cooling program to promote the use of conventional HVAC unit, will drive the air source heat pump market size. In 2017, the New York State Energy Research and Development Authority established an “Air Source Heat Pump Program” to help the state to use renewable energy, save money, increase energy efficiency, and reduce reliance on fossil fuels.
  • Increasing demand for energy efficient system to reduce electricity bills along with green building codes and standards will stimulate the ASHP market growth. In 2017, the U.S. government introduced a tax rebate for the residential and commercial sectors to support the adoption of energy efficient systems by 2021. Rising urbanization and industrialization coupled with increasing disposable income in the developing countries will further propel the business growth. In 2015, the World Bank has analyzed that more than 50% of the population of Asia Pacific was residing in urban areas which is more than the combined population of Europe and the U.S.


  • Air to Air (ATA) heat pump market size is predicted to expand over 6% owing to its ability to purify air and its suitability for a wide range of properties. These systems can either be used as a stand-alone system or as an effective way of complementing existing conventional heating system, making its adoption suitable. ATA units are generally preferred over geothermal unit on account of its cost effectiveness and zero expenses requirement for ground works including boreholes.
  • Reasons to Buy This Report:
  • 1. Air Source Heat Pump Market size & share forecast by product & application, 2017-2024
  • 2. Growth drivers, pitfalls & industry challenges
  • 3. Air Source Heat Pump Market growth opportunities & emerging business models
  • 4. Competitive benchmarking with market share analysis and company profiles
  • Reduced energy consumption and environmental impact are some of the key features which will positively impact the Air to Water (ATW) heat pump market. These units deliver space cooling & heating as well as water heating solutions. Ongoing innovations across the industry to meet the increasing product demand will further fuel the business outlook. In 2017, StiebelEltron unveiled a new indoor air to water series for heating & cooling with power control: WPL, ideal indoor pump for low acoustic emission.
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