Pune, April 13, 2023 (GLOBE NEWSWIRE) -- A global Energy & Power business consulting firm, Maximize Market Research, has published a market intelligence and competitive landscape report on the “Industrial Heat Pump Market”. The report is a combination of primary data and secondary data and domain expert has analyzed the Industrial Heat Pump Market from a local as well as a global point of view. Over the forecast period, Maximize Market research expects, the market to grow from USD 8.7 Bn in 2022 to USD 15.88 Bn in 2029 at a CAGR of 7.8 percent.
Industrial Heat Pump Market Report Scope and Research Methodology
| Market Size in 2022 | USD 8.7 Bn |
| Market Size in 2029 | USD 15.88 Bn |
| CAGR | 7.8 percent (2023-2029) |
| Forecast Period | 2023-2029 |
| Base Year | 2022 |
| Number of Pages | 276 |
| No. of Tables | 114 |
| No. of Charts and Figures | 112 |
| Segment Covered | Source, System, Capacity and End-use Industry |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2023−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
Request For Free Sample Report: https://www.maximizemarketresearch.com/request-sample/184313
The Industrial Heat Pump Market report provides a thorough analysis of segments and sub-segments in local, global and regional markets. The report focuses on how drivers, restraints, and macro variables affect local, global and regional Systems of Industrial Heat Pump markets. The report contains a comprehensive analysis of the global Industrial Heat Pump System market's trends, forecasts, and monetary values. The report includes primary and secondary collection techniques with qualitative and quantitative approaches for the analysis of the Industrial Heat Pump market. The segment-wise analysis of the Industrial Heat Pump Market is divided into Source, System Capacity and End-use Industry. The Industrial Heat Pump market report includes aspects of the industry with key players such as market leaders, market followers and new entrants. The bottom-up approach was used in the report for Industrial Heat Pump market estimation.
The report covers the factors that are driving and restricting the Industrial Heat Pump market's growth. The report uses analytical methodologies such as Porter's five forces analysis and PESTLE of the Industrial Heat Pump Market to provide market insights. The report involves an analysis of current Industrial Heat Pump market trends as well as forecasts for the years.
Industrial Heat Pump Market Overview
Industrial heat pumps are a system based on a large scale and it is used to extract heat from several sources including seawater, wastewater and rivers. The heat pumps are used to distribute the heat and to cool the application in the end-use industries such as pulp and paper manufacturing, petroleum refining and food and beverages industries. Industrial heat pumps are largely applicable in the industrial sector by transforming the generation of renewable energy into heat and cold that can be stored.
Get a Sample Copy of the Report : https://www.maximizemarketresearch.com/request-sample/184313
Industrial Heat Pump Market Dynamics
The heat pumps are a highly efficient scheme to supply useful heat by using electricity to retain climate heat from the ground, air, or water. The increasing advancements in the consumption of energy and reductions in the carbon intensity of power generation have improved the potential of the heat pumps. As a result, the reasonable characteristics of the Industrial Heat Pump help to increase the demand for the market.
Industrial Heat Pump Market is driven by the increasing demand for energy-efficient systems, stringent government policies to control carbon footprints, increasing use in the industrial and building sectors, the rise in the replacement of traditional water heaters with advanced heat pumps, and growth in the energy-related system and technologies. During the forecast period, the market growth is expected to be restrained by the lack of awareness about the consumption of heat in companies and availability of the alternative heating applications such as central gas-fired boilers and combined heat power.
Industrial Heat Pump Market Regional Insights
During the forecast period, Asia Pacific is expected to dominate the Industrial Heat Pump Market. The regional market is majorly driven by the increasing demand for energy-efficient heating and cooling solutions from several industries such as pharmaceuticals and chemical manufacturing.
The increase in the use of heat pumps in the food and beverages industry for the process of chocolate manufacturing and growing industrialization in China, Japan and India are also influencing factors for the regional growth of the Industrial Heat Pump Market. The government regulations regarding the minimization of carbon emissions, adoption of heating products including industrial heating pumps, development in the building infrastructure and the increasing investment towards green buildings are also helping to drive the growth of the market. Japan expected to dominate the regional market due to the increasing use of industrial heat pumps in the food processing industry to reduce the consumption of energy and greenhouse gas emissions.
Get Customization on this Report for Specific Research Solutions: https://www.maximizemarketresearch.com/request-customization/184313
Industrial Heat Pump Market Segmentation
By Source
- Air
- Water
- Ground
On the basis of the Source segment, the market is segmented into air, water and ground. During the forecast period, the air heat pump is expected to dominate the Industrial Heat Pump Market. The increasing awareness and concern regarding climate change and the need to reduce carbon emissions and supportive incentives and policies including grants, rebated and tax credits are the responsible factors for the response to increases in the demand for air heat pumps.
By System
- Closed Loop
- Open Cycle
By Capacity
- Less Than 500 KW
- 500 KW To 2 MW
- 2 MW - 5 MW
- More Than 5 MW
By End-use Industry
- Lumber Drying
- Pulp and Paper Manufacturing
- Petroleum refining
- Food and beverages
- Chemicals
- Utilities
- District Heating
- Others
Industrial Heat Pump Market Key Competitors include:
- Daikin Industries, Ltd.
- Mitsubishi Electric Corporation
- Danfoss A/S
- NIBE Industrier AB
- Bosch Thermotechnik GmbH
- Carrier Corporation
- Johnson Controls International plc
- LG Electronics Inc.
- Panasonic Corporation
- Swegon Group AB
- Daikin Industries, Ltd.
- Mitsubishi Electric Corporation
- Danfoss A/S
- NIBE Industrier AB
- Bosch Thermotechnik GmbH
- Carrier Corporation
- Johnson Controls International plc
- LG Electronics Inc.
- Panasonic Corporation
- Swegon Group AB
Get the Sample PDF of Report: https://www.maximizemarketresearch.com/request-sample/184313
Key questions answered in the Industrial Heat Pump Market are:
- What is Industrial Heat Pump?
- What is the CAGR of the Industrial Heat Pump Market?
- What was the Industrial Heat Pump Market Size in 2022?
- What is the expected Industrial Heat Pump market size during the forecast period?
- What is the scope of the Industrial Heat Pump Market?
- What are the Key driving factors for the growth of the Industrial Heat Pump Market?
- What are the different segments of the Industrial Heat Pump Market?
- What are the factors restraining the growth of the Industrial Heat Pump Market?
- What is the demand pattern of the Industrial Heat Pump Market?
- What major challenges could the Industrial Heat Pump Market face in the future?
- What growth strategies are the players considering to increase their presence in Industrial Heat Pump?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Industrial Heat Pump Market?
- What are the Key players operating in Industrial Heat Pump Market?
- Which region accounted for the largest market share in Industrial Heat Pump Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by Source, System, Capacity, End-use Industry and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Energy & Power research firm, has also published the following reports:
Heat Pump Market - The market size is expected to reach USD 95.4 Bn by 2029 at a CAGR of 7.75 percent during the forecast period. The market is expected to be driven by the increasing need for heat pumps to meet energy demand and rising environmental concerns.
Geothermal Heat Pump Market - The market size is expected to reach USD 243.32 Bn by 2029 at a CAGR of 13.13 percent during the forecast period. The market is expected to be driven by the increasing demand for cost-effective energy solutions and favorable environmental regulations.
Heat Interface Unit Market - The market size is expected to reach USD 9.14 Bn by 2029 at a CAGR of 7.83 percent during the forecast period. The market is expected to be driven by the increasing demand for energy-efficient district heating networks and rising stringent government policies to curb carbon emissions.
Shell & Tube Heat Exchangers Market - The market size is expected to reach USD 10.43 Bn by 2029 at a CAGR of 6.28 percent during the forecast period. The market is expected to be driven by increasing Penetration of shell & tube heat exchangers in the Petrochemical Industry and rapid industrialization.
Air Source Heat Pumps Market - The market size is expected to reach USD 65.94 Bn by 2029 at a CAGR of 6.8 percent during the forecast period. The market is expected to be driven by the increasing demand for energy-efficient systems and the greater advantages of air-source heat pumps.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
