NEW YORK , March 17, 2022 /PRNewswire/ -- The "Industrial Heat Pumps Market by End-user and Geography - Forecast and Analysis 2021-2025" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.
The potential growth difference for the industrial heat pumps market between 2020 and 2025 is USD 562.43 million as per the latest market outlook report by Technavio. The report identifies the market to witness an accelerating growth momentum at a CAGR of 5.33% during the forecast period.
To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
The rising focus on improving energy efficiency by industries and growing focus on high-temperature heat pumps are some of the key market drivers. However, factors such as high initial cost and limitations of heat pumps will challenge market growth.
To learn about additional key drivers, trends, and challenges available with Technavio. Read our FREE Sample Report right now!
The industrial heat pumps market report is segmented by End-user (Paper and pulp, Food and beverage, Chemical, Automotive, and Others) and Geography (Europe , APAC, North America , MEA, and South America ). The paper and pulp end-user segment held the largest industrial heat pumps market share in 2020. The segment will account for the highest share throughout the forecast period mainly due to the growing adoption of these pumps in the paper and pulp industry. In terms of Geography,
Europe will be the leading region with 32% of the market's growth during the forecast period. Germany and Italy are the key markets for industrial heat pumps in the region. Several countries in the region are actively adopting advanced heating technologies to reduce greenhouse gas (GHG) and carbon emissions from industrial processes. Most countries in Europe have self-initiated mandates to meet their sustainable climate goals. The need to adhere to such emission-related regulations will increase the demand for industrial heat pumps in Europe .
View our sample report for additional insights into the contribution of all the segments and regional opportunities in the report.
Top Vendor Landscape The industrial heat pumps market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. A number of local and regional vendors currently provide high-tech and highly customized products at competitive prices than international vendors. Companies are engaging in strategic partnerships to strengthen their product portfolios and emerge as market leaders.
Strategic Initiatives and Product Launch Highlights
In January 2021 , the company announced the acquisition of ABCO HVACR Supply + Solutions. This would strengthen distribution in New York , New Jersey , and surrounding states.
In December 2020 , the company announced the acquisition of the air handling unit (AHU) manufacturer Citizen Industries Ltd.
In January 2021 , the company announced the acquisition of Artemis Intelligent Power Ltd (AIP), an R&D and engineering company based in Edinburgh, Scotland , specializing in hydraulic system development.
In June 2021 , the company announced the appointment of Maria Fernanda Souto as the Head of its newly launched Group Strategy function.
Some other top companies covered in this report are:
To gain access to more vendor profiles with their key offerings available with Technavio, Click Here
Related Reports: Pumps Market by Product, End-user, and Geography - Forecast and Analysis 2022-2026
Industrial Peristaltic Pumps Market by End-user and Geography - Forecast and Analysis 2022-2026
Industrial Heat Pumps Market Scope
Accelerate at a CAGR of over 5.33%
Europe, APAC, North America, MEA, and South America
US, Japan, China, Germany, and Italy
Leading companies, competitive strategies, consumer engagement scope
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
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.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Market outlook: Forecast for 2020 - 2025
Paper and pulp - Market size and forecast 2020-2025
Food and beverage - Market size and forecast 2020-2025
Chemical - Market size and forecast 2020-2025
Automotive - Market size and forecast 2020-2025
Others - Market size and forecast 2020-2025
Europe - Market size and forecast 2020-2025
APAC - Market size and forecast 2020-2025
North America - Market size and forecast 2020-2025
MEA - Market size and forecast 2020-2025
South America - Market size and forecast 2020-2025
Currency conversion rates for US$
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 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 Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email:media@technavio.com Website: www.technavio.com/
View original content to download multimedia:https://www.prnewswire.com/news-releases/industrial-heat-pumps-market-to-witness-32-growth-from-europe--rising-focus-on-improving-energy-efficiency-by-industries-to-boost-market-growth--17-000-technavio-research-reports-301504178.html
High-quality items seldom go on sale. Grab them when they do.
The mood has changed at the headquarters of Meta Platforms , parent of Facebook, Instagram and WhatsApp, in Menlo Park, California. For months now, many economists have been anticipating a sharp downturn in the economy due to aggressive monetary policy by the Federal Reserve and central banks around the world to combat record price increases everywhere. The Russian war in Ukraine has further exacerbated the supply chain problems caused by the Covid-19 pandemic.
Last late-week rally in the markets quickly faded and this week is ending with declines in the major stock indexes. It’s the classic patter on the dead cat bounce, a brief recovery that is followed by more losses, and it has investors worried that there is no bottom in sight. Writing from the global markets strategy team, where he takes a broader look at the worldwide market situation, JPMorgan’s Marko Kolanovic lays out the headwinds running against US investors: “First and foremost, an unprece
The CEO of social media giant Meta is pessimistic about the economy and is looking for ways to keep his company profitable.
Our latest guide to income investing explores opportunities in categories ranging from junk bonds to TIPS and REITs.
The super investor still sees opportunities ahead.
Shares of Nvidia (NASDAQ: NVDA) plunged this week after the company's stock received a price target cut, some analysts had a few negative comments about the chip market, and investors worried that comments made from another chip company about slowing demand might mean bad news for Nvidia as well. Investors panicked a bit on all this news and sent the semiconductor stock falling 15.3% over the past week. Nvidia started off the week with Morgan Stanley warning that there could be a potential slowdown in demand for graphics processors as Ethereum, a leading blockchain and cryptocurrency, switches to a proof-of-stake model and away from its current proof-of-work setup.
If you're an investor with long time horizon, then you should meet these three high-growth Dividend Aristocrats. Dividend Aristocrats, as a reminder, are a group of 65 stocks in the S&P 500 Index that have each raised their dividends for at least 25 consecutive years. Roper Technologies is a specialized industrial company that manufactures products such as medical and scientific imaging equipment, pumps, and material analysis equipment.
The latest price moves in bitcoin ($BTC) and crypto markets in context, for July 1, 2022.
A bear market leaves the S&P 500 with its worst first six months since 1970. Here's what's happened after stocks suffered steep first-half stumbles in the past.
As the painful first half of 2022 ends, many income investors are hoping for some sort of relief. Many dividend stocks have seen their yields creep subtly higher in recent months as their share prices slowly trended lower. For income investors, the current environment has been quite hostile to dip-buyers. We've suffered quite a few short-lived bear market bounces this year. Many more are sure to follow. Though the likelihood of a V-shaped recovery is diminishing with every swift move lower, ther
Retirees can rest easy owning these passive income powerhouses, which range in yield between 1.9% and 7.6%.
Meta CEO Mark Zuckerberg announced to employees that the social media giant would be scaling back hiring and turning up the heat on its employees.
(Bloomberg) -- Global oil prices could reach a “stratospheric” $380 a barrel if US and European penalties prompt Russia to inflict retaliatory crude-output cuts, JPMorgan Chase & Co. analysts warned.Most Read from BloombergJPMorgan Sees ‘Stratospheric’ $380 Oil on Worst-Case Russian CutCrypto Meltdown Claims Rolex and Patek Philippe as VictimsNetflix Crashes After ‘Stranger Things 4’ Finale ReleaseUS Will Face High Gas Prices ‘as Long as It Takes,’ Biden SaysThe Wheels Have Come Off Electric Veh
With tech stocks like Nvidia out of favor, chemicals and oil stock dominate this list of growth stocks eyeing 109%-370% gains.
Warren Buffett's Berkshire Hathaway Inc said it has bought another 9.9 million shares of Occidental Petroleum Corp, giving it a 17.4% stake in the oil company. Berkshire paid about $582 million for the shares, which it bought between Wednesday and Friday, according to a Friday night filing with the U.S. Securities and Exchange Commission. Buffett's company is Occidental's largest shareholder, now owning 163.4 million shares worth about $9.9 billion.
Equal isn’t always equal when parents leave retirement accounts to adult children with big differences in income. But financial pros say there are some solutions to consider.
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...
Want to learn how to retire with $5 million? Here are a few things you can do to stretch your nest egg over the course of your retirement.
The U.S. is gearing up for another wave of COVID-19 infections in the fall and winter following a flurry of activity this week.