Market Overview:
The global gas heat pump air conditioning systems market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient and environment-friendly cooling solutions across different applications, such as restaurants, hotels, office buildings, schools, care-centers and others. In addition, the growing awareness about the benefits of using gas heat pump air conditioning systems is also contributing to the market growth. Based on type, the global gas heat pump air conditioning systems market is segmented into gas engine heat pumps (GEnHP), gas absorption heat pumps (GAbHP) and gas adsorption heat pumps (GAdHP). GEnHPs are expected to witness highest growth during the forecast period owing to their high efficiency and low operating costs as compared with other types of heating or cooling equipment. Based on application, the global market is segmented into restaurants, hotels,, office buildings,, schools,, care-centers and others applications. Among these applications segments,.
Product Definition:
A gas heat pump air conditioning system is a device that uses gas to power a compressor that circulates refrigerant through an air conditioning unit. This type of system is used to cool and heat buildings by extracting thermal energy from the surrounding environment. Gas heat pump air conditioning systems are important because they can save homeowners money on their energy bills, and they are more environmentally friendly than traditional heating and cooling systems.
Gas Engine Heat Pumps (GEnHP):
Gas engine heat pumps (GEnHP) are used to transfer heat from the gas-powered engine to an external cooling medium. The GEnHP is a natural air conditioning system and can be utilized in both split and packaged systems. It functions by extracting hot air from the gas turbine exhaust, transferring it through a copper tube to an outdoor unit, where it is absorbed by a refrigerant circuit and transformed into cold air before returning indoors.
Gas Absorption Heat Pumps (GAbHP):
The global gas absorption heat pumps (GAbHP) and it's usage in gas heat pump air conditioning systems market size was valued at USD 3.5 billion in 2016. Increasing demand for energy-efficient products is expected to drive the industry growth over the forecast period.
Increasing concerns regarding high power consumption by conventional air conditioners are projected to boost product demand over the next seven years.
Application Insights:
The market is segmented by application into restaurants, hotels, office buildings, schools and care-centers. The restaurants segment dominated the global gas heat pump air conditioning systems market in 2017 owing to the rising number of eating and drinking places across various regions. Moreover, increasing disposable income levels among people in developing countries such as China and India is expected to drive demand for HVAC systems in this sector over the forecast period.
The hotel application segment is projected to witness significant growth over the forecast period owing to an increase in construction of new hotels at a global level due to tourism development at a domestic level coupled with improved economic conditions globally has led many travelers from developed countries including U.S., Canada and Europe move towards cheaper destinations offering low cost rooms which are more economical than their original homes thus driving demand for HVAC systems globally within this sector.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth of this region can be attributed to increasing awareness regarding energy conservation and sustainable development. China, Japan, and India are some of the largest consumers of gas heat pumps in this region owing to high demand for these systems from residential as well as commercial sectors.
The Asia Pacific was followed by Europe which accounted for a revenue share of more than 20% in 2017 owing to rapid adoption across countries such as Germany, Italy, France among others. North America is also likely to have a significant market share due its large number of manufacturers coupled with high acceptance level amongst end users including hotels/motels, restaurants/cafes etc.
Growth Factors:
- Increasing demand for energy-efficient air conditioning systems
- Growing popularity of gas heat pump air conditioning systems among consumers
- Rising awareness about the benefits of gas heat pump air conditioning systems
- Proliferation of online marketing channels through which consumers can purchase gas heat pump air conditioning systems
- Development of innovative and advanced gas heat pump air conditioning technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Gas Heat Pump Air Conditioning Systems Market Research Report
By Type
Gas Engine Heat Pumps (GEnHP), Gas Absorption Heat Pumps (GAbHP), Gas Adsorption Heat Pumps (GAdHP)
By Application
Restaurants, Hotels, Office Buildings, Schools, Care-centers, Others Applications
By Companies
Panasonic, ENERGY STAR, Yanmar, Danfoss, RUUD, Guardian, DENSO, Robur, Panasonic
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
125
Number of Tables & Figures
88
Customization Available
Yes, the report can be customized as per your need.
Global Gas Heat Pump Air Conditioning Systems Market Report Segments:
The global Gas Heat Pump Air Conditioning Systems market is segmented on the basis of:
Types
Gas Engine Heat Pumps (GEnHP), Gas Absorption Heat Pumps (GAbHP), Gas Adsorption Heat Pumps (GAdHP)
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
Restaurants, Hotels, Office Buildings, Schools, Care-centers, Others Applications
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:
- Panasonic
- ENERGY STAR
- Yanmar
- Danfoss
- RUUD
- Guardian
- DENSO
- Robur
- Panasonic
Highlights of The Gas Heat Pump Air Conditioning Systems 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:
- Gas Engine Heat Pumps (GEnHP)
- Gas Absorption Heat Pumps (GAbHP)
- Gas Adsorption Heat Pumps (GAdHP)
- By Application:
- Restaurants
- Hotels
- Office Buildings
- Schools
- Care-centers
- Others Applications
- 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 Heat Pump Air Conditioning Systems 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 heat pump air conditioning system is a type of air conditioning that uses natural gas as the heating and cooling medium. The system works by moving warm air from the inside of the home to the outside, where it is cooled by ambient air. This process can be used to cool an entire home or specific rooms, making it a popular choice for homes with smaller spaces.
Some of the major companies in the gas heat pump air conditioning systems market are Panasonic, ENERGY STAR, Yanmar, Danfoss, RUUD, Guardian, DENSO, Robur, Panasonic.
The gas heat pump air conditioning systems market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Gas Heat Pump Air Conditioning Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Gas Heat Pump Air Conditioning Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Gas Heat Pump Air Conditioning Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Gas Heat Pump Air Conditioning Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Gas Heat Pump Air Conditioning Systems Market Size & Forecast, 2018-2028
4.5.1 Gas Heat Pump Air Conditioning Systems Market Size and Y-o-Y Growth
4.5.2 Gas Heat Pump Air Conditioning Systems Market Absolute $ Opportunity
Chapter 5 Global Gas Heat Pump Air Conditioning Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Gas Heat Pump Air Conditioning Systems Market Size Forecast by Type
5.2.1 Gas Engine Heat Pumps (GEnHP)
5.2.2 Gas Absorption Heat Pumps (GAbHP)
5.2.3 Gas Adsorption Heat Pumps (GAdHP)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Gas Heat Pump Air Conditioning Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Gas Heat Pump Air Conditioning Systems Market Size Forecast by Applications
6.2.1 Restaurants
6.2.2 Hotels
6.2.3 Office Buildings
6.2.4 Schools
6.2.5 Care-centers
6.2.6 Others Applications
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Gas Heat Pump Air Conditioning Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Gas Heat Pump Air Conditioning Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Gas Heat Pump Air Conditioning Systems Analysis and Forecast
9.1 Introduction
9.2 North America Gas Heat Pump Air Conditioning Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Gas Heat Pump Air Conditioning Systems Market Size Forecast by Type
9.6.1 Gas Engine Heat Pumps (GEnHP)
9.6.2 Gas Absorption Heat Pumps (GAbHP)
9.6.3 Gas Adsorption Heat Pumps (GAdHP)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Gas Heat Pump Air Conditioning Systems Market Size Forecast by Applications
9.10.1 Restaurants
9.10.2 Hotels
9.10.3 Office Buildings
9.10.4 Schools
9.10.5 Care-centers
9.10.6 Others Applications
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Gas Heat Pump Air Conditioning Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Gas Heat Pump Air Conditioning Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Gas Heat Pump Air Conditioning Systems Market Size Forecast by Type
10.6.1 Gas Engine Heat Pumps (GEnHP)
10.6.2 Gas Absorption Heat Pumps (GAbHP)
10.6.3 Gas Adsorption Heat Pumps (GAdHP)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Gas Heat Pump Air Conditioning Systems Market Size Forecast by Applications
10.10.1 Restaurants
10.10.2 Hotels
10.10.3 Office Buildings
10.10.4 Schools
10.10.5 Care-centers
10.10.6 Others Applications
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Gas Heat Pump Air Conditioning Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Gas Heat Pump Air Conditioning Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Gas Heat Pump Air Conditioning Systems Market Size Forecast by Type
11.6.1 Gas Engine Heat Pumps (GEnHP)
11.6.2 Gas Absorption Heat Pumps (GAbHP)
11.6.3 Gas Adsorption Heat Pumps (GAdHP)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Gas Heat Pump Air Conditioning Systems Market Size Forecast by Applications
11.10.1 Restaurants
11.10.2 Hotels
11.10.3 Office Buildings
11.10.4 Schools
11.10.5 Care-centers
11.10.6 Others Applications
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Gas Heat Pump Air Conditioning Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Gas Heat Pump Air Conditioning Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Gas Heat Pump Air Conditioning Systems Market Size Forecast by Type
12.6.1 Gas Engine Heat Pumps (GEnHP)
12.6.2 Gas Absorption Heat Pumps (GAbHP)
12.6.3 Gas Adsorption Heat Pumps (GAdHP)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Gas Heat Pump Air Conditioning Systems Market Size Forecast by Applications
12.10.1 Restaurants
12.10.2 Hotels
12.10.3 Office Buildings
12.10.4 Schools
12.10.5 Care-centers
12.10.6 Others Applications
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Gas Heat Pump Air Conditioning Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Gas Heat Pump Air Conditioning Systems Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Gas Heat Pump Air Conditioning Systems Market Size Forecast by Type
13.6.1 Gas Engine Heat Pumps (GEnHP)
13.6.2 Gas Absorption Heat Pumps (GAbHP)
13.6.3 Gas Adsorption Heat Pumps (GAdHP)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Gas Heat Pump Air Conditioning Systems Market Size Forecast by Applications
13.10.1 Restaurants
13.10.2 Hotels
13.10.3 Office Buildings
13.10.4 Schools
13.10.5 Care-centers
13.10.6 Others Applications
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Gas Heat Pump Air Conditioning Systems Market: Competitive Dashboard
14.2 Global Gas Heat Pump Air Conditioning Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Panasonic
14.3.2 ENERGY STAR
14.3.3 Yanmar
14.3.4 Danfoss
14.3.5 RUUD
14.3.6 Guardian
14.3.7 DENSO
14.3.8 Robur
14.3.9 Panasonic
