Asia-Pacific Heat Pump Market By Type (Ducted, Ductless), Energy Source (Air/Water, Air/Air, Ground Source), Category (Reversible Air-Air W/Heating, H-Air/Water, H- Ground/Water, Sanitary Hot Water, Reversible Others, Exhaust Air), Sector (Residential, Commercial, Industrial), Capacity (Units < 20KW, Units > 20 KW), Country (Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific) . - Industry Trends and Forecast to 2026

Heat pump is a machine or device which transfers heat from natural surroundings such as water, air or ground to buildings or industrial applications by reversing the natural flow of heat from lower temperature to a higher temperature. These pumps do not require any energy for cooling or to warm the surroundings and it’s highly energy efficient as compared to conventional HVAC methods. There are different types of heat pump such as air source heat pump, air to water heat pump, water source heat pump and ground source heat pump.

Some of the factors which are driving the market growth are government regulations on increasing energy efficiency and usage of heat pumping technology for CO2 emissions reduction. However, rising cost of energy efficient heat pump is restraining the growth of the market.

Asia-Pacific heat pump market is projected to register a healthy CAGR in the forecast period of 2019 to 2026.

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Segmentation: Asia-Pacific Heat Pump Market

Asia-Pacific heat pump market is segmented into five notable segments that are type, energy source, sector, category and capacity.

·       On the basis of type, the market is segmented into ducted and ductless

·       On the basis of Energy Source, the market is segmented into air/water, air/air and ground source

·       On the basis of category, the market is segmented into reversible air-air w/heating, h-air/water, h-ground/water, sanitary hot water, reversible others and exhaust air

·       On the basis of sector, the market is segmented into residential, commercial and industrial

·       On the basis of capacity, the market is segmented into units < 20KW and units > 20 KW

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Competitive Analysis: Asia-Pacific Heat Pump Market

Some of the major players operating in this market are Stiebel Eltron Gmbh & Co.KG (DE), Danfoss A/S, Robert Bosch GmbH, NIBE Industrier AB, Glen Dimplex Group, Viessmann Manufacturing Company Inc., Mitsubishi Electric Corporation, Carrier Corporation, Geothermal International Ltd, Airwell , Midea Group , Total Comfort, Inc , Panasonic Corporation

Product Launch

·       In April 2018, Bosch Thermotechnology Corp. launched Greensource CDI Series SM Rev C heat pump. This heat pump features a HPC microprocessor, which can communicate with Bosch EasyStart app. This is a high efficiency, two stage water to air heat pump. This product helps the company to increase their product range in geothermal heat pumps, by which they can increase their customer base in domestic users

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Research Methodology: Asia-Pacific Heat Pump Market

Primary Respondents: OEMs, Manufacturers, Engineers, Industrial Professionals.

Industry Participants: CEO’s, V.P.’s, Marketing/Product Managers, Market Intelligence Managers and, National Sales Managers.

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