Global Heat Pump Market: Key Highlights
Global Heat Pump Market: Key Market Dynamics
Global Heat Pump Market: Regional Overview
Europe is the dominating share in the heat pump market as the technology is accepted vastly in the European region. According to European Heat Pump Association (EHPA), France, Italy and Sweden are the countries which have highest volume of sales of heat pumps, and significant growth is expected from Belgium, the Netherlands, Poland and the UK. In Sweden itself there are 1.7 million heat pumps installed making it the country with highest penetration of heat pumps per capita worldwide.
Hence, such high penetration of the heat pump in the region may boost the growth of the market in the European region.
Heat pump market is forecasted to grow notably in North America as the heat pumps are independent and energy efficient heating alternative to conventional heating systems based on fossil fuel. The growth is expected specifically in the warmer areas of North America as there is strong population migration. Heat pumps have gained pace in past few decades and is predicted to have steady growth.
Global Heat Pump Market: Key Players Overview
United Technologies Corporation is a US-based multinational company that supplies high technology products and services to various industries across the globe. The business of the company is divided into three segments. The business segment named Carrier provides vast range of building systems which includes cooling, heating, refrigeration, smoke detection amongst others.
Daikin Industries, Ltd. is a Japan-based multinational company that provides high quality air conditioning solutions for residential, commercial and industrial sector. It is active into air conditioning, chemicals, and oil hydraulics. It provides advanced heat pumps which deliver optimum energy efficiency and have a wide product portfolio as per the customer requirements.
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