LONDON–(BUSINESS WIRE)–Technavio has been monitoring the heat pump market and it is poised to grow by USD 7.75 billion during 2020-2024, progressing at a CAGR of over 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio’s latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Heat Pump Market Download free sample report
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Age of Learning Inc., Alphabet Inc., edX Inc., Lumos Labs Inc., MyScript, WizIQ Inc., Blake eLearning, Coursera Inc., Epic! Creations Inc., and UMU Technology Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The growing construction sector has been instrumental in driving the growth of the market. However, lack of awareness might hamper the market growth.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/heat-pump-market-industry-analysis
Heat Pump Market 2020-2024: Segmentation
Heat Pump Market is segmented as below:
- Product
- Air Source Heat Pumps
- Ground Source Heat Pumps
- Exhaust Air Heat Pumps
- Geography
- APAC
- Europe
- MEA
- North America
- South America
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Heat Pump Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our heat pump market report covers the following areas:
- Heat pump Market Size
- Heat pump Market Trends
- Heat pump Market Industry Analysis
This study identifies the increased adoption of solar-powered heat pumps as one of the prime reasons driving the heat pump market growth during the next few years.
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Heat Pump Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist heat pump market growth during the next five years
- Estimation of the heat pump market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the heat pump market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of heat pump market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product placement
- Air source heat pumps – Market size and forecast 2019-2024
- Ground source heat pumps – Market size and forecast 2019-2024
- Exhaust air heat pumps – Market size and forecast 2019-2024
- Market opportunity by Product
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver – Demand led growth
- Volume driver – Supply led growth
- Volume driver – External factors
- Volume driver – Demand shift in adjacent markets
- Price driver – Inflation
- Price driver – Shift from lower to higher-priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Daikin Industries Ltd.
- Danfoss AS
- Ingersoll-Rand Plc
- Johnson Controls International Plc
- Lennox International Inc.
- Mitsubishi Electric Corp.
- NIBE Industrier AB
- Rheem Manufacturing Co.
- Robert Bosch GmbH
- United Technologies Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
