Heat pumps are designed to move heat from colder place to warm, with the help of electricity. Regions where heating and cooling needs are moderate, these pumps are efficient alternatives to furnaces and air conditioners. The demand for heat pumps will witness moderate growth on account of changing climatic, government initiatives and growth in the residential sector.
Focus on sustainability and declining conventional sources are energy are other major factors augmenting the demand for these pumps. Heat Pumps Market is projected to grow at a compound annual growth rate of 6.02 % over the forecast period 2015 to 2021.
Heat Pumps Market is projected to grow at a compound annual growth rate of 6 % over the forecast period 2015 to 2021.
In the report, the first section deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.
Next section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth and a brief technological aspect of Heat Pumps. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.
Thirdly, Heat Pumps market has been segmented on the basis of type, heat source and end users.