Air to Water Heat Pump Market Drivers, Trends, and Forecast by 2031

MARKET INTRODUCTION

An air-to-water heat pump transfers heat from the outside air to water, which heats your rooms via radiators or underfloor heating. It can also heat water stored in a hot water cylinder for your hot taps, showers and baths. Heat from the air is absorbed into a fluid. This fluid then passes through a heat exchanger into the heat pump, which raises the temperature and then transfers that heat to water.

MARKET DYNAMICS

The Residential Air to Water Heat Pump Market is expected to register a CAGR of 9% over the forecast period. A favorable regulatory framework coupled with clean cooling & heating programs to promote the enactment of Heating, Ventilation, and Air Conditioning (HVAC) unit, will positively influence the residential air to water heat pump market share. Continuing approval and deployment of sustainable systems to lessen the adverse environmental influence will further incite product ingression. The growing need for energy-efficient systems to reduce electricity bills and green building standards and codes will boost the overall residential air to water heat pump market size.

MARKET SCOPE

The ˜Global Air-To-Water Heat Pump Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the air-to-water heat pump market with detailed market segmentation by rated capacity, type, and application. The global air-to-water heat pump market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading air-to-water heat pump market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

1. By Rated Capacity: On the basis of capacity, the market is segmented into Below 10 KW, 10-20 KW, 20-30 KW and Above 30 KW.
2. By Type: On the basis of type the global air to water heat pump market is categorized into Low Temperature Type, High Temperature Type, and Hybrid Type.
3. By Application: On the basis of application type, the market is categorized into Residential, Commercial, Industrial and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The air-to-water heat pump market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the air-to-water heat pump market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the air-to-water heat pump market in these regions.
IMPACT OF COVID 19
The spread of the COVID-19 pandemic has negatively impacted the global air to water heat pumps market owing to the lockdowns imposed in the majority of the countries across the globe since December 2019. A heat pump is a device that is used to transfer heat/thermal energy from one place to another. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.

MARKET PLAYERS

The report covers vital developments in the air-to-water heat pump market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the air-to-water heat pump market are anticipated to have lucrative growth opportunities in the future with the rising demand for air-to-water heat pump in the global market. Below mentioned is the list of a few companies engaged in the air-to-water heat pump market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the air-to-water heat pump market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.

•   Bosch Thermotechnik
  
•   Carrier
  
•   Daikin Industries
  
•   Fujitsu General
  
•   Glen Dimplex
  
•   LG Electronics
  
•   Mitsubishi Electric
  
•   NIBE
  
•   Panasonic
  
•   Vaillant
  
  

The Insight Partners dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Air to Water Heat Pump Report Scope