Dublin, Aug. 23, 2021 (GLOBE NEWSWIRE) -- The "Heat Pumps: Global Markets to 2026" report has been added to ResearchAndMarkets.com's offering.
In 2020, the global market for heat pumps was significantly impacted due to the COVID-19 pandemic. In 2021, market players are hoping that the market will recover due to the increasing availability of the COVID-19 vaccine. However, second and third-wave COVID-19 outbreaks are also disrupting industrial operations.
The global heat pump market is categorized into four notable segments on the basis of type, rating capacity, end-user industry and region.
On the basis of type, the heat pump market is segmented into the following: air source, water source and geothermal/ground source heat pump. The air source heat pump is expected to dominate the market due to its features such as energy efficiency, less noise and low carbon emissions.
On the basis of end-user, the heat pump market is segmented into the following: residential, commercial and industrial. The residential segment is expected to dominate the market followed by the commercial and industrial segments. The commercial segment includes education, retail, healthcare, logistics, hospitality, etc. The industrial segment includes various industries like paper and pulp, chemical, F&B, automobile, iron and steel, textile, non-metallic minerals, etc.
The global market for heat pumps is forecast to grow from $60.4 billion in 2021 to $96.7 billion by 2026, at a compound annual growth rate (CAGR) of 9.9% for the period of 2021-2026.
The major companies in the global heat pump market are Midea Group, Daikin, Nibe AG, Ingersoll Rand, Panasonic, Mitsubishi Electric, Danfoss, Hitachi, Carrier Corp., Rheem Mfg. Co. and Johnson Controls, among others.
Key report features:
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
Chapter 4 Heat Pump Market by Type
Chapter 5 Heat Pump Market by Rating Capacity
Chapter 6 Heat Pump Market by End-Use Sector
Chapter 7 Heat Pump Market by Region
Chapter 8 Competitive Landscape
Chapter 9 Company Profiles
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