Dublin, Aug. 03, 2021 (GLOBE NEWSWIRE) -- The "India Industrial Heat Pump Market (2021-2027): Market Forecast By Types, By Rated Capacity, By Compressor Types, By Operating Temperature Limit,?By Industry Types, Textile, Chemical & Others,?By Regions, And Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.
India industrial heat pump market size is projected to grow at a CAGR of 13.6% during 2021-2027F.
The India industrial heat pump market witnessed moderate growth during the period 2017-2019 as a result of the rising efforts by the industrial sector to reduce the costs of energy and environmental effects due to the emission of large amounts of carbon from industrial processes.
Installation of heat pumps in the industrial sector has emerged as a viable option to save energy and reduce carbon footprint. Further, the continued government support in the form of initiatives and policies such as the "Make in India" initiative gave a boost to the manufacturing sector in the country, which in turn, bolstered the demand for industrial heat pumps in India during the recent past.
Moreover, industries are giving more emphasis on cost efficiency, energy efficiency and making efforts to reduce the carbon footprints which would propel the demand for industrial heat pumps in the coming years with the rising applications in several industries including pharmaceutical, chemical and food & beverage.
However. on account of the outbreak of the Covid-19 pandemic, the industrial heat pump market in India saw a stark decline in the market revenues due to the closure of industries and supply chain disruptions caused by the lockdown.
Despite the decline in market revenues during 2020, the market is anticipated to recover by 2021 and return to normal growth trajectory thereafter on account of several projects in the development pipeline such as the Atal Nagar Health ATMS project, Active Pharmaceutical Ingredients project, Dahej Hydrazine Hydrate project and several other projects in the chemical and pharmaceutical industry.
The Southern region of India is currently at the top of the market due to the presence of a large number of industries in that area that are the end-users of the industrial heat pump market like pharmaceutical, textile, and many more.
Key Highlights of the Report
- India Industrial Heat Pump Market Overview
- India Industrial Heat Pump Market Outlook
- India Industrial Heat Pump Market Forecast
- Historical Data and Forecast of India Industrial Heat Pump Market Revenues for the Period 2017-2027.
- Historical Market Data and Forecast of Revenues, by Types for the Period 2017-2027.
- Historical Market Data and Forecast of Revenues, by Rated Capacity for the Period 2017-2027.
- Historical Market Data and Forecasts of Revenues, by Compressor Types, for the Period 2017-2027.
- Historical Market Data and Forecasts of Revenues, by Operating Temperature Limit, for the Period 2017-2027.
- Historical Market Data and Forecasts of Revenues, by Regions, for the Period 2017-2027.
- Historical Market Data and Forecasts of Revenues, by Industry Types, for the Period 2017-2027.
- Market Drivers and Restraints
- India Industrial Heat Pump Market Trends
- Industry Life Cycle
- Porter's Five Force Analysis
- Market Opportunity Assessment
- India Industrial Heat Pump Market Share, By Companies
- Competitive Benchmarking
- Company Profiles
Key Strategic Recommendations
Markets Covered:
By Types
- Air-to-Air
- Air-to-Water
- Water-to-Water
By Rated Capacity
- Up to 100 kW
- 1-250 kW
- 1-500 kW
- Above 500 kW
Rated Capacity, By Compressor Types
- Scroll Compressor
- Screw Compressor
By Operating Temperature Limit
- Up to 20 C
- 20 - 90 C
- Above 90 C
By Regions
- Northern
- Southern
- Eastern
- Western
By Industry Types
- Manufacturing and Automotive
- Pharmaceutical
- Textile
- Chemical
- Others (Food, Dairy and miscellaneous)
Companies Mentioned
- Brio Energy Pvt. Ltd
- Carrier Air Conditioning & Refrigeration Ltd.
- EcoTech Solutions
- Flamingo Heat Pumps
- GEA Group Aktiengesellschaft
- Johnson Controls International plc
- Midea Group Co. Ltd.
- Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A.
- Swegon Bluebox Private Limited
- Trane Technologies plc
For more information about this report visit https://www.researchandmarkets.com/r/ibhwth