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    Air Source Heat Pump Market | Covid-19 Impact Analysis

    Air Source Heat Pump Market | Covid-19 Impact Analysis

    Air Source Heat Pump Market | Covid-19 Impact Analysis
    Report code - SRCE165 Delivery - 2 Weeks
    Air Source Heat Pump Market Size, Share, Trend, Forecast, & Industry Analysis
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    Impact of COVID-19 on Air Source Heat Pump Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Air Source Heat Pump Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Air Source Heat Pump Market Insights

    Air Source Heat Pump market is likely to witness an impressive CAGR of 5% during the forecast period. The major driving factor bolstering the demand for air source heat pump is favorable regulatory framework along with clean cooling & heating programs to encourage the adoption of conventional Heating, Ventilation, and Air Conditioning (HVAC) units.

    Air Source Heat Pump Market - Snapshot

    Growth

    5% for the next five years

    Major Product Type

    Air-to-Air

    Dominant Application Type

    Residential

    Region with the highest demand

    North America

    Key Players

    Carrier Corporation, Thermea Group, Daikin,

    Bosch Thermotechnology, A. O. Smith Corporation,

    Mitsubishi Electric Corporation, Toshiba,

    Panasonic Corporation, LG Electronics, China Yangzi Group

     

    Market Share Analysis

    Air-Source-Heat-Pump-Market-Dominant-Segments

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    Air Source Heat Pump Market Share: By Product Type

    Based on the product type, the market is segmented as air-to-air and air-to-water. The air-to-air segment is expected to govern the market as it can either be used as an effective way of complementing the existing conventional heating and cooling system or as a stand-alone system, making its adoption suitable. It is preferred over ground source heat pump units, owing to zero expenses for ground works and cost effectiveness.

    Air Source Heat Pump Market Share: By Application Type

    Based on the application type, the air source heat pump market is segmented as residential, commercial, and industrial. The residential segment dominates the market driven by the rising awareness toward reduction of energy bills along with the  shifting trends to improve living standards, increasing adoption of innovative technologies, rising demand for high-level comfort, and efforts to improve air quality.

    Air Source Heat Pump Market Share: By Region

    In terms of regions, North America is estimated to be the dominant market for air source heat pump market during the forecast period, owing to the growing concerns to effectively hold the reins of carbon footprint blended with the introduction of government initiatives to encourage the adoption of heat pump units.

    Air-Source-Heat-Pump-Market-By-Region

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    Some of the major air source heat pump manufacturers are-

    • Carrier Corporation
    • Thermea Group
    • Daikin
    • Bosch Thermotechnology, A. O
    • Smith Corporation
    • Mitsubishi Electric Corporation
    • Toshiba
    • Panasonic Corporation
    • LG Electronics
    • China Yangzi Group.

     

    Market Scope & Segmentation

    Air Source Heat Pump is a system that helps to transfer heat from outside to inside of any building or vice versa.

    Air Source Heat Pumps are of different types, such as air-to-air heat pump and air-to-water heat pump. They are used in various residential, commercial, and industrial applications.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Air Source Heat Pump Market Research Report - Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The air source heat pump market is segmented into the following categories. 

    Air Source Heat Pump Market Size, Share, & Forecast, by Product Type:

    • Air-to-Air (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Air-to-Water (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Air Source Heat Pump Market Size, Share, & Forecast, by Application Type:

    • Residential (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Application Type Analysis: Single-family Houses and Multi-family Apartments)
    • Commercial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Application Type Analysis: Education, Healthcare, Retail, Logistics & Transportation, Offices, Hospitality, and Others)
    • Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

     Air Source Heat Pump Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Air-Source-Heat-Pump-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Air Source Heat Pump Market in the foreseeable future?

    The air source heat pump market is expected to witness an impressive growth of 5% CAGR in the foreseeable future.

    Who are the key players in the Air Source Heat Pump Market?

    Carrier Corporation, Thermea Group, Daikin, Bosch Thermotechnology, A. O. Smith Corporation, Mitsubishi Electric Corporation, Toshiba, Panasonic Corporation, LG Electronics, and China Yangzi Group are among the key players in the air source heat pump market.

    Which country/region is expected to remain dominant in the Air Source Heat Pump Market?

    North America is expected to remain dominant in the air source heat pump market in the coming years.

    Which product type is expected to govern the Air Source Heat Pump Market?

    The air-to-air segment is expected to govern the air source heat pump market during the next five years.

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