Sellbyville, Delaware , June 04, 2018 (GLOBE NEWSWIRE) --
Global Air Source Heat Pump Market is poised to exceed USD 50 billion by 2024; as reported in the latest study by Global Market Insights, Inc. Stringent regulatory measures toward reduction of carbon emissions by promoting the applications of various sustainable technologies will foster the air source heat pump market. The government of UK has introduced Renewable Heat Incentive (RHI) scheme with an aim to encourage utilization of renewable technologies in businesses, homes and local communities. Increasing disposable income in developing countries along with growing demand for high-level comfort will further propel the industry growth.
Lower cost, ease of installation, less maintenance requirement and energy efficiency are some of the eminent features which will propel the global air source heat pump market size. It is a product alternative for various space cooling and heating technologies owing to its additional features when compared with conventional systems. An ASHP has the Coefficient of Performance (COP) value of around 2.8 which can result into reduction in running cost of 3.5% when compared with a gas boiler.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2393
China air source heat pump market size will witness strong growth on account of various promotion schemes to accelerate the usage of low-carbon energy. Flourishing real estate industry have led to high construction activities owing to rapid urbanization will further encourage the product adoption. As per the World Economic Forum, in China, up to 2 billion square meters of buildings are constructed every year.
Energy consumption reduction targets along with renovation of existing buildings will embellish the France air source heat pump market growth. The country has targeted 38% reduction of energy consumption through buildings by 2020 and 400 thousand dwellings every year to be energy renovated from 2013. Extreme climatic conditions resulting into unfavorable working environment across the European countries will further expand the industry growth over the forecast period.
Browse key industry insights spread across 630 pages with 1130 market data tables & 49 figures & charts from the report, “Air Source Heat Pump Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/air-source-heat-pump-market
Growing investments toward clean air projects to reduce its reliance on fossil fuels will positively impact the air source heat pump market size. In 2016, World bank approved USD 500 million loan for Beijing clean-air projects to help control air pollution in China. Increasing electricity bills owing to rise in operating cost along with increase in fuel prices will further complement the business outlook.
Industrial applications are anticipated to expand over 4% owing to significant rise in the manufacturing facilities across Asia Pacific and Latin America region. Reduced environmental impact and energy consumption are some of the prominent features which will further stimulate the air source heat pump market size.
Less operating cost and zero expenses requirement for ground works along with its ability to be used as a standalone system will positively influence the air to air heat pump market share. Technological advancement across the industry to meet the rising product demand of customers will further complement the business growth.
Major participants in the air source heat pump market include Johnson Controls, Daikin Industries, Mitsubishi Electric, Carrier, NIBE, Fujitsu General, Bosch Thermotechnik, BDR Thermea Group, Dimplex, Colmac, Panasonic, Climaveneta, A.O. Smith, LG Electronics, Danfoss, and Vaillant.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2393
Browse Related Reports:
- Geothermal Heat Pump Market Size 2017 – 2024
Geothermal Heat Pump Market share for 2016 was valued at over USD 80 billion and is set to exceed 110 GWt by 2024. Growing demand for efficient and cost-effective space conditioning system from residential and commercial sectors will positively drive the geothermal heat pump market trends.
https://www.gminsights.com/industry-analysis/geothermal-heat-pump-market
- Water Source Heat Pump Market Size 2018 – 2024
Water Source Heat Pump Market share is set to witness strong growth on account of favourable government initiatives including clean heating & cooling programs, fiscal assistance, and emissions reduction targets to promote the renewable energy systems.
https://www.gminsights.com/industry-analysis/water-source-heat-pump-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.