Mar 22, 2019   SOURCE: BusinessWire

Industrial Heat Pumps - Global Market Forecasts to 2023 with Daikin Industries, Emerson Electric Co, Johnson Controls, Mitsubishi Electric Corporation, Robert Bosch, and United Technologies Dominating - ResearchAndMarkets.com

The "Global Industrial Heat Pumps Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The industrial heat pumps market will register a CAGR of close to 5% by 2023.

The rising cost of energy and the environmental effects due to the emission of a high amount of carbon from fossil fuel-based energy sources have increased the focus of industries on adopting industrial pumps. Moreover, the new regulatory norms are now focusing on curbing the high energy costs and carbon emissions in industrial applications, thereby creating opportunities for industrial heat pumps.

With an increase in energy costs and the strictness of regulatory compliance on energy efficiency, the use of energy-efficient solutions becomes important in industries. This is expected to fuel the adoption of industrial heat pumps during the forecast period.

Growing focus on high-temperature heat pumps

Most of the heat pumps available in the market are limited to supplying a heat sink temperature of 194F. These heat pumps are, therefore, ideal for residential and commercial applications requiring a low heat sink temperature. Therefore, to cater to these high temperature requirements by industries, vendors are shifting their focus toward high-temperature heat pumps.

High initial cost and limitations of heat pumps

Industrial heat pumps are extensively used to heat and cool controlled spaces. Though they are energy-efficient and have a low environmental impact, their initial cost is higher than of substitutes such as furnace and boilers. While large business enterprises can afford to install expensive heat pumps, small-and medium-sized businesses with a limited budget and low profit margins are apprehensive of such heavy investments.

Competitive Landscape

The market appears to be moderately fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.

Key Players

  • Daikin Industries
  • Emerson Electric Co
  • Johnson Controls
  • Mitsubishi Electric Corporation
  • Robert Bosch GmbH
  • United Technologies (Carrier)

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

PART 06: MARKET SEGMENTATION BY END-USER

  • Comparison by end-user
  • Paper and pulp - Market size and forecast 2018-2023
  • Food and beverage - Market size and forecast 2018-2023
  • Chemical - Market size and forecast 2018-2023
  • Automotive - Market size and forecast 2018-2023
  • Others - Market size and forecast 2018-2023
  • Market opportunity by end-user

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic comparison
  • Europe - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

  • Advent of smart heat pumps
  • Increased adoption of solar-powered industrial heat pumps
  • Emerging demand for advanced heat pumps

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Daikin Industries
  • Emerson Electric Co
  • Johnson Controls
  • Mitsubishi Electric Corporation
  • Robert Bosch GmbH
  • United Technologies (Carrier)

For more information about this report visit https://www.researchandmarkets.com/research/2crvf3/industrial_heat?w=4