Air Source Heat Pump Market is Thriving Worldwide with Leading Players Daikin Industries, Johnson Controls, A.O. Smith, Mitsubishi Electric, Fujitsu General, NIBE, Carrier, Panasonic, Danfoss, LG Electronics

Air Source Heat Pump Market

Air Source Heat Pump Market

The 2018-2024 report on Global Air Source Heat Pump market explores the essential factors of Air Source Heat Pump industry covering current scenario, market demand information, coverage of active companies and segmentation forecasts.

Minimized cost, easy installation, energy efficiency and less maintenance are the key features which will enhance the global ASHP Market. It acts as an alternate product for various space heating and cooling technologies on account of its additional features in comparison to conventional systems. An air source unit has the Coefficient of Performance value of approximately 2.8 which may result into decline in the operating cost of 3.5% in comparison to a gas boiler.

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China air source heat pump market is set to witness robust growth owing to various promotional schemes to stimulate the use of low-carbon energy sources. Growing real estate business have led to increase in construction activities on account of rapid urbanization will boost the product adoption. As per World Economic Forum (WEF), in China, around 2 billion square meters of buildings are built annually.

Air Source Heat Pump Market is predicted to reach over USD 50 billion by 2024. Stringent government measures to curb the GHG emissions by encouraging the applications of wide ranging sustainable technologies will drive the air source heat pump market. Regulators across the UK introduced the Renewable Heat Incentive scheme to encourage the use of renewable technologies in home, businesses and local communities.

Growing government targets toward energy consumption coupled with refurbishment of existing buildings will enhance the France ASHP market growth. The country targeted to reduce 38% of energy consumption through the buildings by 2020 & 400 thousand houses to be energy refurbished annually from 2013. Extreme climate conditions resulting into unfavorable work atmosphere across the European countries will further enhance the business growth over the forecast period.

Eminent players in the air source heat pump market includes Daikin Industries, Johnson Controls, Mitsubishi Electric, Fujitsu General, NIBE, Carrier, A.O. Smith, Vaillant, Dimplex, BDR Thermea Group, Bosch Thermotechnik, Colmac, Climeveneta, Panasonic, Danfoss and LG Electronics.

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Increasing investments toward clean air projects to reduce the dependence on conventional fuel will enhance the ASHP Market. The World bank, in 2016, approved a loan of USD 500 million for Beijing clean-air projects to enable control air pollution in China. Escalating energy bills on account of rising operational cost along with rising fuel prices will further enhance the business landscape.

Industrial applications are projected to gain over 4% on account of significant increase in the production facilities across Latin America and Asia Pacific region. Reduced energy consumption and environmental impact are some of the key features which will further embellish the ASHP Market.

Zero expenses requirement for ground works and less operating cost coupled with its capability to be used as a separate system or an effective way to complement existing conventional cooling & heating systems will drive air to air heat pump market. Technological developments across the industry to cater the increasing product demand of consumers will further impact the business growth.

Selected Chapters and their sections from the report are listed below:

Chapter 1 Methodology

1.1 Methodology

1.2 Market definitions

1.3 Market estimation & forecast parameters

1.4 Abbreviations

1.5 Data Sources

1.5.1 Primary

1.5.2 Secondary Paid Sources Public Sources

Chapter 2 Executive Summary

2.1 Air source heat pump market 360 degree synopsis, 2013 – 2024

2.1.1 Business trends

2.1.2 Product trends

2.1.3 Application trends

2.1.4 Region trends

Chapter 3 Air Source Heat Pump Industry Insights

3.1 Industry segmentation

3.2 Industry landscape, 2013 – 2024 (USD Million)

3.3 Industry ecosystem analysis

3.3.1 Vendor Matrix

3.4 Innovation & sustainability

3.5 Heat pump industry trends and outlook

3.6 Cost structure break down of air source heat pump

3.7 Comparative analysis between air source & gas-driven heat pump

3.8 Raw material cost analysis

3.9 Heat pump manufacturing capacity and utilization for leading countries

3.10 Regulatory landscape

3.10.1 U.S. Air-Source Heat Pump Program Residential Air Source Heat Pump Schedules and Product Codes International Organization for Standardization Federal Energy Management Program New California Building Efficiency Standards

3.10.2 Europe Heat Pumps and EU targets Key Laws Energy Efficiency Plan 2011

3.10.3 UK The Renewable Heat Incentive Scheme Regulations The UK’s National Energy Efficiency Action Plan CRC Energy Efficiency Schemes

3.10.4 Ireland The Heat Pump Association of Ireland

3.10.5 Germany German Energy Saving Ordinance (EnEV) Energy Concept-The Energy Strategy

3.10.6 Asia Pacific

3.10.7 China China Medium and Long-Term Energy Conservation Plan Regulation on Energy Conservation in Civil Buildings

3.10.8 Australia and New Zealand Greenhouse and Energy Minimum Standards (Air Conditioners and Heat Pumps) Determination 2013

3.11 Industry impact forces

3.11.1 Growth drivers Favorable regulatory framework Growth in the renewable energy sector Increasing demand for an energy-efficient system Extreme climatic conditions Rapid urbanization and commercialization Increasing demand for space heating

3.11.2 Industry pitfalls & challenges High upfront cost

3.12 Growth potential analysis

3.13 Porter’s Analysis

3.14 Competitive landscape, 2017

3.14.1 Strategy dashboard Danfoss Mitsubishi Electric Johnson Controls Daikin

3.15 Mergers & acquisitions landscape

3.16 PESTEL Analysis

Chapter 4 Air source heat pump Market, By Product

4.1 Air source heat pump market share by product, 2017 & 2024

4.1 Air to air

4.1.1 Global market from Air to air, 2013 – 2024

4.1.2 Global market from air to air, by region, 2013 – 2024

4.2 Air to water

4.2.1 Global market from air to water, 2013 – 2024

4.2.2 Global market from air to water, by region, 2013 – 2024

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