Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Gas Engine-driven Heat Pump (GEHP) Market by Type (Air-to-Air, Air-to-Water), By Application (Residential, Commercial, Industrial) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Gas Engine-driven Heat Pump (GEHP) Market by Type (Air-to-Air, Air-to-Water), By Application (Residential, Commercial, Industrial) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 192639 3300 Machinery & Equipment 377 232 Pages 4.9 (39)
                                          

Market Overview:


The global gas engine-driven heat pump (GEHP) market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient heating and cooling systems, rising awareness about environment-friendly technologies, and growing investments in renewable energy sources. The GEHP market is segmented on the basis of type into air-to-air and air-to water heat pumps. Air-to air heat pumps are more popular than air-to water heat pumps due to their lower cost and easy installation. However, air-to water heat pumps are more efficient than air -t o -air heat pumps as they use less energy to transfer thermal energy from one medium (water) to another (air). The GEHP market is also segmented on the basis of application into residential, commercial, and industrial sectors. Residential applications account for a major share of the GEHP market due to increasing demand for heating and cooling systems in residential buildings across all regions. Commercial applications include office buildings, hospitals, schools, etc., while industrial applications include food processing plants, textile mills,, etc,.


Global Gas Engine-driven Heat Pump (GEHP) Industry Outlook


Product Definition:


A gas engine-driven heat pump (GEHP) is a device that uses a gas engine to drive a compressor and generate heat. The GEHP can be used to provide heating or cooling for a building, depending on the season. The GEHP is important because it can provide heating and cooling for buildings at lower costs than traditional methods.


Air-to-Air:


Air-to-air heat pump is a device that extracts heat from the air and transfers it to an area of higher temperature. The extracted air is then replaced with cooler ambient air, thus making the room temperature. An automotive GEVH system consists of two major components namely Air To Air (AT2A) and Return Heat Exchanger (RHE).


Air-to-Water:


The air-to-water heat pump (A2W) is a device that extracts heat from the indoor environment and moves it to an outdoor water or air source. It is one of the most cost-effective, energy efficient, and environmentally friendly ways to provide heating or cooling as compared to conventional methods. The A2W system can be used in both residential and commercial applications; however, its primary application is for space conditioning.


Application Insights:


The residential segment dominated the global gas engine-driven heat pump (GEHP) market in 2017 and is expected to witness significant growth over the forecast period. The growing population coupled with rising disposable income levels has led to an increase in demand for housing facilities, which, in turn, is anticipated to drive product demand over the forecast period.


Commercial applications include food & beverage processing industries and cold storage facilities wherein GEHPs are used as a source of heat or cooling respectively. These units are primarily used for large commercial buildings such as shopping malls and hospitals where space is limited and availability of electricity expensive due to high installation costs.


Regional Analysis:


Asia Pacific dominated the global gas engine-driven heat pump (GEHP) market in 2016 and is expected to continue its dominance over the forecast period. The presence of a large number of manufacturers coupled with growing demand for energy-efficient products in countries, such as China and India, is anticipated to drive the regional market growth. Furthermore, favorable government initiatives aimed at reducing carbon emissions are projected to boost product demand over the next eight years.


The North American region accounted for more than 20% share of total revenue in 2016 owing to increasing awareness regarding climate change and rising need for energy conservation across U.S., which has resulted into high adoption rate GEHP systems across residential as well as commercial applications sectors.


Growth Factors:


  • Increasing demand for energy-efficient and environment-friendly technologies
  • Rising concerns over climate change and its impact on the environment
  • Growing popularity of gas engine-driven heat pumps among residential consumers
  • Proliferation of smart grid technology and increasing demand for distributed energy resources (DER)
  • Government initiatives and subsidies to promote the adoption of GEHP

Scope Of The Report

Report Attributes

Report Details

Report Title

Gas Engine-driven Heat Pump (GEHP) Market Research Report

By Type

Air-to-Air, Air-to-Water

By Application

Residential, Commercial, Industrial

By Companies

Daikin, Panasonic, Yanmar, Aisin Seiki, Mitsubishi, TEDOM, Johnson Controls-Hitachi, Robur, Schwank, LG Electronics, Bosch Thermotechnology, Vaillant, Tecogen, Inc., IntelliChoice Energy, Lochinvar Ltd

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

232

Number of Tables & Figures

163

Customization Available

Yes, the report can be customized as per your need.


Global Gas Engine-driven Heat Pump (GEHP) Market Report Segments:

The global Gas Engine-driven Heat Pump (GEHP) market is segmented on the basis of:

Types

Air-to-Air, Air-to-Water

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Residential, Commercial, Industrial

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Daikin
  2. Panasonic
  3. Yanmar
  4. Aisin Seiki
  5. Mitsubishi
  6. TEDOM
  7. Johnson Controls-Hitachi
  8. Robur
  9. Schwank
  10. LG Electronics
  11. Bosch Thermotechnology
  12. Vaillant
  13. Tecogen, Inc.
  14. IntelliChoice Energy
  15. Lochinvar Ltd

Global Gas Engine-driven Heat Pump (GEHP) Market Overview


Highlights of The Gas Engine-driven Heat Pump (GEHP) Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Air-to-Air
    2. Air-to-Water
  1. By Application:

    1. Residential
    2. Commercial
    3. Industrial
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Gas Engine-driven Heat Pump (GEHP) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Gas Engine-driven Heat Pump (GEHP) Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


A gas engine-driven heat pump is a type of air-conditioning and heating system that uses the power of a gasoline or diesel engine to transfer heat from one location to another. The system works by using the engine's exhaust gases to create hot air, which is then used to cool or warm rooms in your home.

Some of the key players operating in the gas engine-driven heat pump (gehp) market are Daikin, Panasonic, Yanmar, Aisin Seiki, Mitsubishi, TEDOM, Johnson Controls-Hitachi, Robur, Schwank, LG Electronics, Bosch Thermotechnology, Vaillant, Tecogen, Inc., IntelliChoice Energy, Lochinvar Ltd.

The gas engine-driven heat pump (gehp) market is expected to grow at a compound annual growth rate of 5.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Gas Engine-driven Heat Pump (GEHP) Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Gas Engine-driven Heat Pump (GEHP) Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Gas Engine-driven Heat Pump (GEHP) Market - Supply Chain
   4.5. Global Gas Engine-driven Heat Pump (GEHP) Market Forecast
      4.5.1. Gas Engine-driven Heat Pump (GEHP) Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Gas Engine-driven Heat Pump (GEHP) Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Gas Engine-driven Heat Pump (GEHP) Market Absolute $ Opportunity

5. Global Gas Engine-driven Heat Pump (GEHP) Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Gas Engine-driven Heat Pump (GEHP) Market Size and Volume Forecast by Type
      5.3.1. Air-to-Air
      5.3.2. Air-to-Water
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Gas Engine-driven Heat Pump (GEHP) Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Gas Engine-driven Heat Pump (GEHP) Market Size and Volume Forecast by Application
      6.3.1. Residential
      6.3.2. Commercial
      6.3.3. Industrial
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Gas Engine-driven Heat Pump (GEHP) Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Gas Engine-driven Heat Pump (GEHP) Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Gas Engine-driven Heat Pump (GEHP) Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Gas Engine-driven Heat Pump (GEHP) Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Gas Engine-driven Heat Pump (GEHP) Demand Share Forecast, 2019-2026

9. North America Gas Engine-driven Heat Pump (GEHP) Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Gas Engine-driven Heat Pump (GEHP) Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Gas Engine-driven Heat Pump (GEHP) Market Size and Volume Forecast by Application
      9.4.1. Residential
      9.4.2. Commercial
      9.4.3. Industrial
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Gas Engine-driven Heat Pump (GEHP) Market Size and Volume Forecast by Type
      9.7.1. Air-to-Air
      9.7.2. Air-to-Water
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Gas Engine-driven Heat Pump (GEHP) Demand Share Forecast, 2019-2026

10. Latin America Gas Engine-driven Heat Pump (GEHP) Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Gas Engine-driven Heat Pump (GEHP) Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Gas Engine-driven Heat Pump (GEHP) Market Size and Volume Forecast by Application
      10.4.1. Residential
      10.4.2. Commercial
      10.4.3. Industrial
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Gas Engine-driven Heat Pump (GEHP) Market Size and Volume Forecast by Type
      10.7.1. Air-to-Air
      10.7.2. Air-to-Water
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Gas Engine-driven Heat Pump (GEHP) Demand Share Forecast, 2019-2026

11. Europe Gas Engine-driven Heat Pump (GEHP) Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Gas Engine-driven Heat Pump (GEHP) Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Gas Engine-driven Heat Pump (GEHP) Market Size and Volume Forecast by Application
      11.4.1. Residential
      11.4.2. Commercial
      11.4.3. Industrial
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Gas Engine-driven Heat Pump (GEHP) Market Size and Volume Forecast by Type
      11.7.1. Air-to-Air
      11.7.2. Air-to-Water
  11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Gas Engine-driven Heat Pump (GEHP) Demand Share, 2019-2026

12. Asia Pacific Gas Engine-driven Heat Pump (GEHP) Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Gas Engine-driven Heat Pump (GEHP) Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Gas Engine-driven Heat Pump (GEHP) Market Size and Volume Forecast by Application
      12.4.1. Residential
      12.4.2. Commercial
      12.4.3. Industrial
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Gas Engine-driven Heat Pump (GEHP) Market Size and Volume Forecast by Type
      12.7.1. Air-to-Air
      12.7.2. Air-to-Water
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Gas Engine-driven Heat Pump (GEHP) Demand Share, 2019-2026

13. Middle East & Africa Gas Engine-driven Heat Pump (GEHP) Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Gas Engine-driven Heat Pump (GEHP) Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Gas Engine-driven Heat Pump (GEHP) Market Size and Volume Forecast by Application
      13.4.1. Residential
      13.4.2. Commercial
      13.4.3. Industrial
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Gas Engine-driven Heat Pump (GEHP) Market Size and Volume Forecast by Type
      13.7.1. Air-to-Air
      13.7.2. Air-to-Water
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Gas Engine-driven Heat Pump (GEHP) Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Gas Engine-driven Heat Pump (GEHP) Market: Market Share Analysis
   14.2. Gas Engine-driven Heat Pump (GEHP) Distributors and Customers
   14.3. Gas Engine-driven Heat Pump (GEHP) Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Daikin
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Panasonic
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Yanmar
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Aisin Seiki
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Mitsubishi
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. TEDOM
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Johnson Controls-Hitachi
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Robur
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Schwank
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. LG Electronics
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. Bosch Thermotechnology
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. Vaillant
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. Tecogen, Inc.
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. IntelliChoice Energy
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. Lochinvar Ltd
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. COMPANY 16
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. COMPANY 17
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. COMPANY 18
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. COMPANY 19
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. COMPANY 20
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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