Market Overview:
The global industrial heat pump market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The market growth is attributed to the increasing demand for energy-efficient and environment-friendly heating and cooling systems across the globe. In terms of type, the below 70°C segment is expected to dominate the market during the forecast period, owing to its low installation and operational costs as compared to other types of industrial heat pumps. By application, food industry is projected to be one of the fastest-growing segments in terms of revenue during 2018–2030.
Product Definition:
An industrial heat pump is a device that transfers heat from one place to another, usually using electricity as the means of transfer. The most common use for an industrial heat pump is to provide heating or cooling for a building or factory.
Below 70°C:
Industrial heat pumps are used to move heat between two areas of a building, or from one area to another. They are widely used in residential and commercial buildings for heating and cooling purposes. The growth factor in the market is dependent on the demand for heating & cooling applications across various end-use industries such as industrial, manufacturing, healthcare etc.
70°C - 90°C:
70°C - 90°C is the range where most of the industrial heat pumps operate. It has been determined that 70-80% of the total energy required for a process or system is dissipated in heating and cooling processes. Thus, it becomes essential to control these two factors so as to reduce overall energy consumption and improve operational efficiency.
Application Insights:
The food application segment led the global market in 2017 and is projected to witness significant growth over the forecast period. The growing demand for packaged food products, particularly in emerging countries such as India and China, is expected to drive industry growth over the coming years.
The chemical manufacturing industry requires a large amount of energy for its operations; however, it also produces huge amounts of waste heat that can be utilized economically through heat pumps. Growing concerns regarding greenhouse gas emissions have driven governments across various regions to mandate standards pertaining to energy-efficient equipment and practices for chemical manufacturers. This will result in increased penetration of these systems during the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of industries that are dependent on heat pumps for their operations, such as food processing, metal manufacturing, chemical processing and petroleum refining. These industries have been experiencing growth due to increasing demand from end-use markets in emerging economies such as China and India.
The growing population coupled with rising living standards have led to an increase in residential construction activities across Asia Pacific countries including China, India, Indonesia and Thailand among others. This is expected to drive the regional market for industrial heat pumps over the forecast period owing to increased energy consumption by residential sectors especially during cold season (i.e., heating).
Growth Factors:
- Increasing demand for energy-efficient heating and cooling systems
- Growing awareness about the benefits of using industrial heat pumps
- Rising demand from end-use industries such as food & beverage, pharmaceuticals, and textiles
- Technological advancements in industrial heat pump technology
- Stringent government regulations to promote the use of energy-efficient heating and cooling systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Heat Pump Market Research Report
By Type
Below 70°C, 70°C - 90°C, 90°C - 120°C, Over 120°C
By Application
Food, Industrial Manufacturing, Chemical, Electrical and Electronic, Petroleum Refining, Metal, Other
By Companies
Kobe Steel, Ltd., Oilon, GEA Refrigeration, EMERSON, Johnson Controls, MAYEKAWA MFG, Star, OCHSNER, ENGIE Refrigeration, Friotherm, Kobe Steel, Ltd., Frigopol, PHNIX, NKXTA, Moon Environment Technology Co., Ltd, ZHENGXU, Lingye Energy Saving Technology Co., Ltd, Shandong Keling energy saving equipment Co., Ltd, Vossli, TONGYI
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
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Heat Pump Market Report Segments:
The global Industrial Heat Pump market is segmented on the basis of:
Types
Below 70°C, 70°C - 90°C, 90°C - 120°C, Over 120°C
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
Food, Industrial Manufacturing, Chemical, Electrical and Electronic, Petroleum Refining, Metal, Other
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:
- Kobe Steel, Ltd.
- Oilon
- GEA Refrigeration
- EMERSON
- Johnson Controls
- MAYEKAWA MFG
- Star
- OCHSNER
- ENGIE Refrigeration
- Friotherm
- Kobe Steel, Ltd.
- Frigopol
- PHNIX
- NKXTA
- Moon Environment Technology Co., Ltd
- ZHENGXU
- Lingye Energy Saving Technology Co., Ltd
- Shandong Keling energy saving equipment Co., Ltd
- Vossli
- TONGYI
Highlights of The Industrial Heat Pump 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:
- Below 70°C
- 70°C - 90°C
- 90°C - 120°C
- Over 120°C
- By Application:
- Food
- Industrial Manufacturing
- Chemical
- Electrical and Electronic
- Petroleum Refining
- Metal
- Other
- 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 Industrial Heat Pump 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
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?
Industrial heat pumps are a type of air-conditioning system that transfer thermal energy from one location to another. They are used in large commercial and industrial buildings, such as factories, warehouses, and data centers.
Some of the major companies in the industrial heat pump market are Kobe Steel, Ltd., Oilon, GEA Refrigeration, EMERSON, Johnson Controls, MAYEKAWA MFG, Star, OCHSNER, ENGIE Refrigeration, Friotherm, Kobe Steel, Ltd., Frigopol, PHNIX, NKXTA, Moon Environment Technology Co., Ltd, ZHENGXU, Lingye Energy Saving Technology Co., Ltd, Shandong Keling energy saving equipment Co., Ltd, Vossli, TONGYI.
The industrial heat pump market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Heat Pump 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 Industrial Heat Pump Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Heat Pump 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 Industrial Heat Pump 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 Industrial Heat Pump Market Size & Forecast, 2020-2028
4.5.1 Industrial Heat Pump Market Size and Y-o-Y Growth
4.5.2 Industrial Heat Pump Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Below 70°C
5.2.2 70°C - 90°C
5.2.3 90°C - 120°C
5.2.4 Over 120°C
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Food
6.2.2 Industrial Manufacturing
6.2.3 Chemical
6.2.4 Electrical and Electronic
6.2.5 Petroleum Refining
6.2.6 Metal
6.2.7 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Heat Pump 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 Industrial Heat Pump 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Below 70°C
9.6.2 70°C - 90°C
9.6.3 90°C - 120°C
9.6.4 Over 120°C
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 Market Size Forecast by Applications
9.10.1 Food
9.10.2 Industrial Manufacturing
9.10.3 Chemical
9.10.4 Electrical and Electronic
9.10.5 Petroleum Refining
9.10.6 Metal
9.10.7 Other
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Below 70°C
10.6.2 70°C - 90°C
10.6.3 90°C - 120°C
10.6.4 Over 120°C
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 Market Size Forecast by Applications
10.10.1 Food
10.10.2 Industrial Manufacturing
10.10.3 Chemical
10.10.4 Electrical and Electronic
10.10.5 Petroleum Refining
10.10.6 Metal
10.10.7 Other
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Below 70°C
11.6.2 70°C - 90°C
11.6.3 90°C - 120°C
11.6.4 Over 120°C
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 Market Size Forecast by Applications
11.10.1 Food
11.10.2 Industrial Manufacturing
11.10.3 Chemical
11.10.4 Electrical and Electronic
11.10.5 Petroleum Refining
11.10.6 Metal
11.10.7 Other
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Below 70°C
12.6.2 70°C - 90°C
12.6.3 90°C - 120°C
12.6.4 Over 120°C
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 Market Size Forecast by Applications
12.10.1 Food
12.10.2 Industrial Manufacturing
12.10.3 Chemical
12.10.4 Electrical and Electronic
12.10.5 Petroleum Refining
12.10.6 Metal
12.10.7 Other
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Below 70°C
13.6.2 70°C - 90°C
13.6.3 90°C - 120°C
13.6.4 Over 120°C
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) Market Size Forecast by Applications
13.10.1 Food
13.10.2 Industrial Manufacturing
13.10.3 Chemical
13.10.4 Electrical and Electronic
13.10.5 Petroleum Refining
13.10.6 Metal
13.10.7 Other
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 Industrial Heat Pump Market: Competitive Dashboard
14.2 Global Industrial Heat Pump Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kobe Steel, Ltd.
14.3.2 Oilon
14.3.3 GEA Refrigeration
14.3.4 EMERSON
14.3.5 Johnson Controls
14.3.6 MAYEKAWA MFG
14.3.7 Star
14.3.8 OCHSNER
14.3.9 ENGIE Refrigeration
14.3.10 Friotherm
14.3.11 Kobe Steel, Ltd.
14.3.12 Frigopol
14.3.13 PHNIX
14.3.14 NKXTA
14.3.15 Moon Environment Technology Co., Ltd
14.3.16 ZHENGXU
14.3.17 Lingye Energy Saving Technology Co., Ltd
14.3.18 Shandong Keling energy saving equipment Co., Ltd
14.3.19 Vossli
14.3.20 TONGYI
