Global heat pump market is expected to reach the healthy CAGR of 21.8% in the forecast period of 2019 to 2026. The new market report contains data for historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026

Market Segmentation

By Type (Ducted, Ductless), Energy Source (Air/Water, Air/Air, Ground Source), Category (Reversible Air-Air W/Heating, H-Air/Water, H- Ground/Water, Sanitary Hot Water, Reversible Others, Exhaust Air), Sector (Residential, Commercial, Industrial), Capacity (Units < 20KW, Units > 20 KW
Geography (North America, Europe, Asia-Pacific, Middle East and Africa, South America)


Major growing sectors under the market segmentation are as follows:


? Rising urbanization
? Increasing demand for energy efficient appliances
? Continuous investment on research and development activities for increasing the functioning of the heat pump
? Rising development of commercial apartment in the developed countries


Key Market Players


The key market players of global heat pump market are:
? Stiebel Eltron Gmbh & Co.KG (DE)
? Danfoss A/S
? Robert Bosch GmbH
? NIBE Industrier AB,
? Glen Dimplex Group
? Viessmann Manufacturing Company Inc.
? Mitsubishi Electric Corporation
? Carrier Corporation
? Geothermal International Ltd
? Airwell
? Midea Group
? Total Comfort, Inc ,
? Panasonic Corporation