NEW YORK, Oct. 7, 2021 /PRNewswire/ --
The industrial heat pumps market is set to grow by USD 562.43 million from 2021 to 2025 progressing at a CAGR of 5.33% as per the latest market report by Technavio.
NEW YORK, Oct. 7, 2021 /PRNewswire/ --
The industrial heat pumps market is set to grow by USD 562.43 million from 2021 to 2025 progressing at a CAGR of 5.33% as per the latest market report by Technavio.
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The report on the industrial heat pumps market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.
The report identifies a rising focus on improving energy efficiency by industries as one of the major factors driving the growth of the market. The growing focus on high-temperature heat pumps & emerging regulations and increasing government initiatives to reduce emissions will be crucial in fueling the growth of the market over the forecast period.
The industrial heat pumps market analysis includes end-user and geography segments. This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The industrial heat pumps market covers the following areas:
Companies Mentioned
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Industrial Heat Pumps Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.33% |
Market growth 2021-2025 |
$ 562.43 million |
Market structure |
Fragmented |
YoY growth (%) |
6.07 |
Regional analysis |
Europe, APAC, North America, MEA, and South America |
Performing market contribution |
Europe at 32% |
Key consumer countries |
US, Japan, China, Germany, and Italy |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Carrier Global Corp., Daikin Industries Ltd., Danfoss AS, Emerson Electric Co., Johnson Controls International Plc, Lennox International Inc., Mitsubishi Electric Corp., NIBE Industrier AB, Rheem Manufacturing Co., and Robert Bosch GmbH |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
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Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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