Heat Pump Market Global Industry Size, Key Vendors, Application, Trends, Competitive Landscape by Key Segmentation, Outlook

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Heat Pump Market


  Heat pumps, which use the air available outside and inside a specific space to perform these functions, transfer heat from one point to another in critical parts of cooling and heating processes. When it is warm outside, heat pumps extract the heat and act like an air conditioner, removing heat from buildings, and vice versa. The primary driver of the heat pump market is the reduction of primary energy demand and CO2 emissions devices. Increased investment in the construction and residential sectors would open up new growth markets for heat pump suppliers.

  Energy is essential in our daily lives because it powers businesses, homes, hospitals, and schools. However, the production of energy results in the emission of greenhouse gases. Carbon dioxide (CO2), one of the greenhouse gases, is produced in significant quantities by the combustion of fossil fuels such as coal, oil, and natural gas.

  Many countries intend to reduce their primary energy demand in response to rising CO2 emissions and to implement policies to limit greenhouse gas emissions in the environment. Heat pumps use aerothermal and geothermal technologies to provide energy-efficient space heating. Other common heat sources include exhaust air, groundwater, and surface water (lake, river, or pond). Many countries are concerned about the rise in energy-related CO2 emissions caused by the use of fossil fuels for energy generation. When the heat pump market is used instead of fossil-fueled systems, carbon emissions associated with energy consumption and generation can be greatly reduced. As a result, the number of factories, manufacturing units, and residential complexes with energy-efficient heat pump installations is increasing.

  Daikin (Japan), United Technologies (US), Midea (China), NIBE (Sweden), Ingersoll Rand (Ireland), Dimplex (Ireland), Stiebel Eltron (Germany), Viessmann (Germany), Panasonic (Japan), Mitsubishi (Japan), Vaillant (Germany), and Danfoss are key players considered in the heat pump market analysis (Denmark).

Source:

https://www.businesswire.com/news/home/20210422005043/en

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