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2015-2019 Sample - Global Heat Pumps Market

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2015-2019 Global Heat Pumps Market

01. Market Research Methodology

Market Research Process

TechNavio identifies the key opportunities in leading markets and develops various

methodologies for data collection and analysis. The micro, meso, and macroeconomic

indicators of the market are studied to ascertain the dynamics of the market.

Research Design

TechNavio’s reports are based on in-depth qualitative and quantitative analyses of various

markets. Qualitative analysis involves the application of various projection and sampling

techniques, whereas quantitative analysis involves primary interviews, surveys, and vendor

briefings. The data thus gathered is validated through experts' opinions. Based on research

results and technical insights, TechNavio analysts refine the existing methodologies to analyze

the various aspects of the market.

Exhibit 1: Market Research Methodology

Source: TechNavio Analysis

Global Heat Pumps

Market 2015-2019



TechNavio analysts gather inputs from various vendors and industry experts and verify the

information collected with databases, financial reports, industry papers, and various other

secondary sources. The impact of global economic conditions and other macroeconomic

indicators are also considered while assessing the market.

Research Methodology

TechNavio analysts have adopted primary as well as secondary research techniques to

ascertain the size and vendor landscape of the Global Heat Pumps Market. The information is

obtained using a combination of the bottom-up and top-down approaches, besides using in-

house market modeling tools. The data is then corroborated with data obtained from various

market participants and stakeholders across the value chain, including vendors, service

providers, distributors, re-sellers, and end-users.



02. Executive Summary

Market Size (by Value) 2014: US$ XXX

2019: US$ XXX

Market Growth Rate (by

Value)

2015: XXX percent

2019: XXX percent

Market Size (by Units) 2014: XXX million

2019: XXX million

Market Growth Rate (by

Units)

2015: XXX percent

2019: XXX percent

CAGR (by Value) XXX percent

CAGR (by Units) XXX percent

Key Geographies

EMEA: XXX percent

APAC: XXX percent

Americas: XXX percent

Key Customer Segments

Commercial Sector

Industrial Sector

Residential Sector

Key Market Drivers

Reduced CO2 Emissions

Driver 2

Driver 3

Key Market Challenges

Environmental Regulations and Guidelines

Challenge 2

Challenge 3

Key Market Trends

Shift to Green Technology

Trend 2

Trend 3

Trend 4

Longer Lifetime

Key Buying Criteria

High Accuracy

Maintenance and Support

Reliability

Total Cost of Ownership



Key Vendors

Carrier Corp.

Daikin Industries Ltd.

Mitsubishi Electric Corp.

Panasonic Corp.



03. Scope of the Report

03.1 Market Overview

This report covers the present scenario and the growth prospects of the Global Heat Pumps

market for the period 2015-2019. The study includes revenue from the following products:

Exhibit 2: Global Heat Pumps Market by Product Segmentation 2014


The Air to Water Heat Pumps segment includes the following types:

Air to water monobloc heat pumps

Air to water split heat pumps

Air to water cylinder heat pumps

Heat Pumps

Air to Water

Ground to Water

Exhaust Air



To calculate the market size and vendor share, the report considers revenue generated from:

Sales of different heat pumps

Provision of maintenance and support

The report also presents the vendor landscape and a corresponding detailed analysis of the top

vendors in the market. In addition, it includes the major drivers that affect the growth of the

market and the challenges faced by vendors and the market at large. The report also outlines

the key trends in the market which will contribute to its growth during the forecast period.

03.2 Product Offerings

Company Products Offered

Carrier Infinity Series Heat Pumps with Greenspeed Intelligence

Infinity Series Heat Pumps

Performance Series Heat Pumps

Comfort Series Heat Pumps

Daikin Industries Residential Low Temperature Type Heat Pumps

Residential High Temperature Type Heat Pumps

Residential Hybrid Type Heat Pumps

Residential Heat Pump Boilers

Commercial Type Heat Pumps

Mitsubishi Electric Wall Mounted - Classic G Series, Designer Series, HyperCore

Series, Light Commercial Series

Floor Mounted - Classic Series, RapidHeat Series, HyperCore

Series, RapidHeat HyperCore Series

Ceiling Mounted - Classic Cassette Series, Deluxe Cassette

Series, Classic Suspended, Kitchen Suspended, Concealed

SEZ Series

Ducted Series - Ducted PEAD Series, Ducted PEA Series

Multi-room - Classic Multi-series, Power Multi-series

Panasonic High Wall Heat Pumps

Floor Mount Heat Pumps

Ducted Heat Pumps

Cassette Heat Pumps



04. Introduction

Heat pumps are energy-efficient alternatives to air conditioners and furnaces in places where

climatic conditions lead to moderate heating and cooling needs. They consume electric power

and transfer heat from one space to another, depending on the climatic condition and

demand for either heating or cooling. They operate at a cost that is almost a quarter of the

operating costs for any conventional heating or cooling equipment. These pumps are efficient

and, unlike traditional HVAC, they do not need separate equipment for heating and cooling.

The Global Heat Pumps market is expected to grow rapidly, growing at a CAGR of 10.79 percent

by value and 7.06 percent by units during the period 2014-2019.

The Global Heat Pumps market has many growth drivers. Various environmental regulations and

standards have mandated a reduction in CO2 emissions. Heat pumps do not use a fuel

combustion process to operate and they emit negligible amounts of CO2 into the atmosphere.

Heat pumps are economical and eco-friendly in nature, which is another major factor

contributing to the growth of the market.

Despite these drivers, the market faces some serious challenges that could hinder its growth. A

major challenge in the Global Heat Pumps market is the environmental regulations and

standards. Governments worldwide are making amendments to their energy usage policies and

global norms are being formulated regarding the usage of heat pumps. The capital-intensive

nature of the market and the ever-evolving competition are some of the other challenges in the

market.

Note: Information included in this sample are extracts of the full report.



04.1 Key Questions Answered in this Report

What will the market size be in 2019 and what will be the growth rate?

What are key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by key vendors?

What are the strengths and weaknesses of each of these key vendors?



05. Market Landscape

05.1 Market Size and Forecast

05.1.1 By Value

The Global Heat Pumps market was valued at US$ XXX in 2014 and is expected to reach US$ XXX

on by 2019, growing at a CAGR of XXX percent.

Exhibit 3: Global Heat Pumps Market 2014-2019 (US$ billion)

Actual exhibits are available in full report only


The Global Heat Pumps market experienced a steep decline in its revenue during the global

economic downturn of 2008-2009. However, it has now recovered and has been growing

steadily since then because of increased awareness of the latest advances in technologies

related to heat pumps and energy conservation. These encourage end-users to deploy devices

that are highly energy efficient and eco-friendly such as heat pumps.




06. Market Growth Drivers

Some of the major drivers in the Global Heat Pumps market are discussed below:


Driver 2

Driver 3


There are major benefits to using heat pumps for the purpose of heating, cooling, and

refrigeration, as they help to conserve the environment, especially in terms of CO2 emission.

Heat pumps save almost XXX percent of the total CO2 emissions when it comes to the

Residential and Commercial Building sectors while, in the case of industries, heat pumps reduce

CO2 emissions by about XXX percent. A reduction by 8 percent in CO2 emissions is equivalent

to:

Planting XXX hectares of trees

Reduction in consumption of petrol by XXX liters per year

Eliminating about XXX of coal-fired steam turbine capacity

About XXX fewer cars on the road




07. Market Challenges

Some of the major challenges in the Global Heat Pumps market are discussed below:


Challenge 2

Challenge 3


With the world's focus shifting to more energy-efficient equipment, the Global Heat Pumps

market faces challenges in the form of compliance with global energy efficiency needs and

demands. Governments worldwide are making amendments to their energy usage policies and

global norms are being formulated regarding the usage of heat pumps. Conferences and

seminars are held to create awareness of energy efficiency and pollution caused by heat

pumps. Vendors are finding it difficult to comply with the norms and regulations as they require

intensive restructuring of their business models, leading to heavy investment in the market.




08. Market Trends

Some of the major trends in the Global Heat Pumps market are discussed below:


Trend 2

Trend 3

Trend 4

Longer Lifetime


Efficient usage of energy can reduce CO2 emissions. A major chunk of energy usage finds

application in the Residential sector. In developed regions such as Europe, most of the energy is

used for heating purposes. About XXX percent of the residential buildings in Europe are more

than 20 years old. Heat pumps can also be used as a replacement for old and less efficient

heating equipment that is based on fossil fuels. Vendors in the Global Heat Pumps market are

developing new green technologies to innovate energy-efficient heat pumps for retrofitting. This

innovation can be achieved by:

Improvement of every single component of the heat pump unit

Improvement of the overall equipment

Improvement in system integration




09. Vendor Landscape

09.1 Competitive Scenario

The Global Heat Pumps market is highly fragmented with the presence of many vendors. The

market is characterized by the presence of well diversified international, regional, and local

vendors. Many local and regional vendors provide highly-customized and energy-efficient heat

pumps at lower prices than those provided by international vendors. Although several local and

regional vendors are emerging in the market, they find it difficult to compete with international

vendors in terms of quality, features, and services. The competitive business environment in this

market is expected to intensify further in the future with increased product extensions and

technological innovations. It is expected that international players may grow inorganically

during the forecast period by acquiring regional or local players.




10. Key Vendor Analysis

10.1 Carrier

10.1.1 Business Overview

Carrier was founded in 1915 and is headquartered in Farmington, Connecticut, the US. It is a

wholly-owned subsidiary of United Technologies and operates under UTC Building and Industrial

systems. The company is engaged in manufacturing and marketing of refrigeration, air-

conditioning, and heating solutions globally. It offers HVAC systems, building controls, and

energy services that are widely used in the Food Service, Commercial, Residential, Retail, and

Transport industries.

The company carries out its business operations through four business segments:

Building Solutions: It provides building automation and control systems. Its product offerings

include packaged rooftop units, split-systems, air-cooled chillers, airside equipment, and

power systems

Commercial Refrigeration: It provides a wide range of refrigeration systems and controls to

the Food and Beverage industries

Home Comfort: It offers heating and air-conditioning systems to millions of residential

customers. It provides a complete product line from air conditioners, boilers to ductless

systems, and heat pumps

Transport Refrigeration: It offers transport refrigeration equipment and cold chain monitoring

solutions through its subsidiary Carrier Transicold. Its product line includes containers,

generators, trailer refrigeration, truck refrigeration, intermodal and rail refrigeration, and

auxiliary power units

10.1.2 Recent Developments

Company Details Description

Key Highlights July 2014: Its subsidiary, Carrier Transicold launches an

innovative atmosphere control system, XtendFRESH

July 2014: Receives the " Motor Transport Innovation

Award" for its NaturaLINE refrigeration system




10.1.3 SWOT Analysis



01. Executive Summary ......................................................................................... 1

02. List of Abbreviations ......................................................................................... 3

03. Scope of the Report ........................................................................................ 4

03.1 Market Overview ......................................................................................... 4

03.2 Product Offerings......................................................................................... 5

04. Market Research Methodology .................................................................... 6

04.1 Market Research Process ........................................................................... 6

04.2 Research Methodology ............................................................................. 6

05. Introduction ....................................................................................................... 8

06. Market Landscape .......................................................................................... 9

06.1 Market Size and Forecast........................................................................... 9

06.1.1 By Value ........................................................................................................ 9

06.1.2 By Revenue ................................................................................................. 10

06.2 Five Forces .................................................................................................. 12

07. Market Segmentation by Product .............................................................. 14

07.1 Global Heat Pumps Market by Product ................................................ 14

07.2 Global Air to Water Heat Pumps Market .............................................. 16

07.2.1 Market Size and Forecast......................................................................... 16

07.3 Air to Water Heat Pumps: Product Segmentation .................................. 17

07.4 Global Air to Water Monobloc Heat Pumps Market .......................... 19


07.5 Global Air to Water Split Heat Pumps Market ...................................... 20


07.6 Global Air to Water Cylinder Heat Pumps Market .................................. 21

TABLE OF CONTENT




07.7 Global Ground to Water Heat Pumps Market ..................................... 22


07.8 Global Exhaust Air Heat Pumps Market ................................................ 24


08. Geographical Segmentation ...................................................................... 25

08.1 Global Heat Pumps Market by Geographical

Segmentation............................................................................................. 25

08.2 Heat Pumps Market in EMEA Region ..................................................... 26


08.3 Heat Pumps Market in APAC Region .................................................... 27


08.4 Heat Pumps Market in Americas ............................................................ 28


09. Buying Criteria ................................................................................................. 29

10. Market Growth Drivers ................................................................................... 30

11. Drivers and their Impact ............................................................................... 31

12. Market Challenges ........................................................................................ 32

13. Impact of Drivers and Challenges .............................................................. 33

14. Market Trends .................................................................................................. 34

15. Trends and their Impact ................................................................................ 36

16. Vendor Landscape ........................................................................................ 37

16.1 Competitive Scenario............................................................................... 37

16.2 Key Vendors................................................................................................ 37

16.3 Other Prominent Vendors ........................................................................ 38

17. Key Vendor Analysis ...................................................................................... 41

17.1 Carrier .......................................................................................................... 41

17.1.1 Key Facts ..................................................................................................... 41



17.1.2 Business Overview...................................................................................... 42

17.1.3 Business Segmentation 2014 .................................................................... 43

17.1.4 Recent Developments ............................................................................. 43

17.1.5 SWOT Analysis ............................................................................................. 44

17.2 Daikin Industries .......................................................................................... 45

17.2.1 Key Facts ..................................................................................................... 45


17.2.3 Business Segmentation by Revenue 2014 ............................................ 46

17.2.4 Business Segmentation by Revenue 2013 and 2014 .......................... 47

17.2.5 Geographical Segmentation by Revenue 2014 ................................. 48

17.2.6 Business Strategy ........................................................................................ 48


17.2.8 SWOT Analysis ............................................................................................. 49

17.3 Mitsubishi Electric ....................................................................................... 50

17.3.1 Key Facts ..................................................................................................... 50


17.3.3 Business Segmentation by Revenue 2013 ............................................ 52

17.3.4 Business Segmentation by Revenue 2012 and 2013 .......................... 53

17.3.5 Geographical Segmentation by Revenue 2013 ................................. 54



17.3.8 SWOT Analysis ............................................................................................. 55

17.4 Panasonic ................................................................................................... 56

17.4.1 Key Facts ..................................................................................................... 56

17.4.2 Business Description .................................................................................. 57

17.4.3 Business Segmentation ............................................................................. 57

17.4.4 Revenue Segmentation by Business ...................................................... 59

17.4.5 Sales by Geographical Segmentation .................................................. 60




17.4.7 Key Developments .................................................................................... 61

17.5 SWOT Analysis ............................................................................................. 63

18. Other Reports in this Series ............................................................................ 64



Exhibit 1: Global Heat Pumps Market by Product

Segmentation 2014 .......................................................................... 4

Exhibit 2: Market Research Methodology ..................................................... 6

Exhibit 3: Global Heat Pumps Market 2014-2019 (US$ billion) ................... 9

Exhibit 4: Global Heat Pumps Market 2014-2019 (millions units) ............. 10

Exhibit 5: Global Heat Pumps Market by Product

Segmentation 2014 ........................................................................ 14

Exhibit 6: Global Heat Pumps Market Product Segmentation:

Percentage Share 2014 ................................................................. 15

Exhibit 7: Global Air to Water Heat Pumps Market 2014-2019

(US$ billion) ....................................................................................... 16

Exhibit 8: Product Segmentation: Air to Water Heat Pumps ................... 17

Exhibit 9: Global Air to Water Heat Pumps Market Product

Segmentation: Percentage Share 2014 ..................................... 18

Exhibit 10: Global Air to Water Monobloc Heat Pumps Market

2014-2019 (US$ billion) .................................................................... 19

Exhibit 11: Global Air to Water Split Heat Pumps Market 2014-

2019 (US$ billion).............................................................................. 20

Exhibit 12: Global Exhaust Air Heat Pumps Market 2014-2019

(US$ billion) ....................................................................................... 21

Exhibit 13: Global Ground to Water Heat Pumps Market 2014-

2019 (US$ billion).............................................................................. 22

EXHIBITS



Exhibit 14: Global Exhaust Air Heat Pumps Market 2014-2019

(US$ billion) ....................................................................................... 24

Exhibit 15: Global Heat Pumps Market by Geographical

Segmentation .................................................................................. 25

Exhibit 16: Heat Pumps Market in EMEA Region 2014-2019 (US$

billion) ................................................................................................ 26

Exhibit 17: Heat Pumps Market in APAC Region 2014-2019 (US$

billion) ................................................................................................ 27

Exhibit 18: Heat Pumps Market in Americas 2014-2019 (US$

billion) ................................................................................................ 28

Exhibit 19: Carrier: Business Segmentation 2014 .......................................... 43

Exhibit 20: Daikin Industries: Business Segmentation by Revenue

2014 ................................................................................................... 46

Exhibit 21: Daikin Industries: Business Segmentation by Revenue

2013 and 2014 (US$ million) ........................................................... 47

Exhibit 22: Daikin Industries: Geographical Segmentation by

Revenue 2014 .................................................................................. 48

Exhibit 23: Mitsubishi Electric: Business Segmentation by

Revenue 2013 .................................................................................. 52

Exhibit 24: Mitsubishi Electric: Business Segmentation by

Revenue 2012 and 2013 (US$ billion) .......................................... 53

Exhibit 25: Mitsubishi Electric: Geographical Segmentation by

Revenue 2013 .................................................................................. 54

Exhibit 26: Business Segmentation of Panasonic ......................................... 58

Exhibit 27: Revenue Segmentation of Panasonic 2013 .............................. 59



Exhibit 28: Revenue Segmentation of Panasonic by Geography

2013 ................................................................................................... 60



11. Other Reports in this Series

Digital Camera Market in North America 2014-2018

Global HDMI and DisplayPort enabled Equipment Market 2014-2018

Global Digital Camera Market 2014-2018

Global Port Security Management Market 2014-2018

Global Unified Threat Management Market 2014-2018

Global Automotive Air Conditioners Market 2014-2018

Global HDTV Market 2014-2018

Washing Machine Market in India 2014-2018

Water Purifier Market in India 2014-2018

Global Split AC Market 2014-2018

Smartphone Market in India 2014-2018

Digital Camera Market in Europe 2014-2018

Split AC Market in the US 2014-2018

Global 3D TV Market 2014-2018

Smartphone Market in the US 2014-2018

Global Bluetooth Speaker Market 2015-2019

Global Pedometer Market 2015-2019



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reliable, but we make no representation as to its accuracy or completeness. Any

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Reproduction without written permission is completely forbidden.

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