TechNavio recognizes the following companies as the key players in the Heat Pump Market in China: Daikin Industries Ltd., Gree Electric Appliances Inc., Sirac Air Conditioning Equipments Co. Ltd., and Trane Inc.
Commenting on the report, an analyst from TechNavio’s team said: “Increasing awareness about the latest technological developments is one of the major trends in the Heat Pump market in China. Several organizations in China started creating awareness regarding the latest technological developments and the benefits of implementing heat pumps in various buildings such as industrial buildings, commercial buildings, and residential buildings. Thus, several vendors in the Heat Pump market in China exhibit their products at exhibitions and air their advertisements across the television channels. Further, they also conduct road shows in several cities across the developing provinces in China.”
According to the report, one of the major drivers is the need for the reduction of greenhouse gas. The effective deployment of the latest technology heat pumps enables end-users to reduce carbon emissions significantly. Hence, the growth of the Heat Pump market in China looks very promising during the forecast period.
Further, the report states that a major challenge in the Heat Pump market in China is the need for high levels of initial investment. The rising costs of raw materials and components that are required to manufacture heat pumps have increased overall operational costs for heat pump vendors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/heat-pump-market-in-china-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report -Heat Pump Market in China 2014-2018
