London, 24 October 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Global Heat Pumps Market 2015-2019, which is expected to grow at a CAGR of 10.79 percent for 2014-2019.
There are major benefits of using heat pumps for heating, cooling and refrigeration, as they help conserve the environment, especially in terms of CO2 emission. Heat pumps save almost 50 percent of the total CO2 emissions, when it comes to residential and commercial building sectors. For industries, heat pumps reduce CO2 emissions by about 5 percent.
“Vendors in the Global Heat Pumps Market are developing new green technologies to innovate energy-efficient heat pumps for retrofitting,” says Faisal Ghaus, Vice President of TechNavio.
“Heat pumps can be used as a replacement for old and less efficient heating equipment that is based on fossil fuels.”
Key Market Drivers
- Reduced CO2 Emissions
- Economical and Eco-friendly
- Recovery of Housing Market in US and Europe
Key Market Trends
- Shift to Green Technology
- Evolution of Monitoring Systems and Intelligent Technology
- Development of User-friendly Equipment
- Development of Energy-efficient Geothermal Heat Pumps
- Longer Lifetime
Key Market Vendors
- Carrier Corp.
- Daikin Industries Ltd.
- Mitsubishi Electric Corp.
- Panasonic Corp.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
