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May 22, 2019 6:49 AM ET

Air Source Heat Pump Market Worth 14400 Million USD Industry Globally by 2024

Air Source Heat Pump Market Worth 14400 Million USD Industry Globally by 2024

iCrowd Newswire - May 22, 2019

Air Source Heat Pump Market Research Growth 2024

Air Source Heat Pump ASHP is a device which uses a vapor compression cycle to transfer heat between outdoor air and indoor air or water. There is two types of air source heat pumps including air-to-air heat pumps and air-to-water heat pumps. As the name implies, these systems heat or cool indoor air or move energy into the water. An air-source heat pump can provide efficient heating and cooling for your home, especially if you live in a warm climate. When properly installed, an air-source heat pump can deliver one-and-a-half to three times more heat energy to a home than the electrical energy it consumes. This is possible because a heat pump moves heat rather than converting it from a fuel, like in combustion heating systems.

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Europe has the largest global export quantity and manufacturers in Air Source Heat Pump market, while Japan is the second sales volume market for Air Source Heat Pump in 2017.
In the industry, Daikin Industries profits most in 2017 and recent years, while Mitsubishi Electric and Fujitsu General ranked 2 and 3.The market share of them is 11.94%, 5.82% and 5.65% in 2017. The gap of market share keeps on enlarged due to different strategy.
Nowadays, there are two main types of Air Source Heat Pump, including Air-to-Air and Air-to-Water. And Air-to-Air is the main type for Air Source Heat Pump, and the Air-to-Air reached a sales volume of approximately 4202 K Unit in 2017, with 55.59% of global sales volume.

According to this study, over the next five years, the Air Source Heat Pump market will register a 5.5% CAGR in terms of revenue, the global market size will reach US$ 14400 million by 2024, from US$ 11000 million in 2019. In particular, this report presents the global market share sales and revenue of key companies in the Air Source Heat Pump business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Air Source Heat Pump market by product type, application, key manufacturers and key regions and countries.

This study considers the Air Source Heat Pump value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.


Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.


This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.

United States
Southeast Asia
Middle East & Africa
South Africa
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.

Daikin Industries
Mitsubishi Electric
Fujitsu General
LG Electronics
Bosch Thermotechnik
Glen Dimplex
A. O. Smith
BDR Thermea Group
Gree Electric
Stiebel Eltron GmbH & Co.
Swegon Group AB
Sanden International

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In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global Air Source Heat Pump consumption value & volume by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Air Source Heat Pump market by identifying its various sub-segments.
Focuses on the key global Air Source Heat Pump manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Air Source Heat Pump with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks.
To project the consumption of Air Source Heat Pump submarkets, with respect to key regions along with their respective key countries.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Any special requirements about this report, please let us know and we can provide custom report.

Contact Information:

Name: Jennifer Daniel
Email-Id: [email protected]
UK: +447441952057
Organization: Planet Market Reports

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