Heat Pump Market

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Heat Pump Market

• The global heat pump market was valued at over
  USD 43 billion in 2018, and annual installations
  are expected to surpass the 15-million mark by
  2025.

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A heat pump is a device that transports heat from
the source to a specific location by electric or
mechanical means with the help of a compressor
and refrigerant. Heat pumps are multifunctional
and may be either used for heating or cooling and
use a lot less electricity than other heating and
cooling devices such as air conditioners and
heaters. Heat pumps provide heating, cooling,
and hot water to buildings in domestic, public
and industrial sectors and can be located
anywhere globally as they make use of the
constant temperature of the earth, air, or water
source. The majority of heat pumps operate on a
vapor-compression cycle, whereas a few heat pumps
use the absorption principle, with waste heat as
the driving energy. Heat pumps are suitable for
use in cooling, space heating, hot water, and
industrial heat.
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The Heat Pump market report is the most important
research for who looks for complete information
on the global trends for the Heat Pump market.
This report covers all information on the Global
as well as regional markets including old and
future trends for market demand, supply, size,
competitors, prices and Global predominant
vendors' information. the report also provides a
complete overview of Heat Pump markets including
key players, types, manufacturing segment, cost,
fluid market shares, and market dynamics in 2019.
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The report has been prepared based on the
synthesis, analysis, and interpretation of
information about the Heat Pump market collected
from specialized sources. The competitive
landscape section of the report provides a clear
insight into the market share analysis of key
industry players. Company details, product
portfolio, financial overview, new project
launched, recent development analysis are the
parameters included in the profile.Some of the
key players in the global heat pump market are
Mitsubishi Electric, Enertech Group, Carrier
Corporation, Bryant heat pumps, Robert Bosch,
NIBE, Ingersoll Rand, and Viessmann.
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