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,.
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:
- Daikin
- Panasonic
- Yanmar
- Aisin Seiki
- Mitsubishi
- TEDOM
- Johnson Controls-Hitachi
- Robur
- Schwank
- LG Electronics
- Bosch Thermotechnology
- Vaillant
- Tecogen, Inc.
- IntelliChoice Energy
- Lochinvar Ltd
Highlights of The Gas Engine-driven Heat Pump (GEHP) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Air-to-Air
- Air-to-Water
- By Application:
- Residential
- Commercial
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- 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.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- 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