Market Overview:
The global industrial high temperature heat pump market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for energy-efficient and environment-friendly heating and cooling systems across various industries. In addition, the growing awareness about the benefits of using high temperature heat pumps is also contributing to the growth of this market. Based on type, the global industrial high temperature heat pump market can be segmented into output temperatures 70 to 90 degrees Celsius, output temperatures 90 to 120 degrees Celsius, and output temperatures greater than 120 degrees Celsius. Output temperatures greater than 120 degrees Celsius are witnessing a higher demand due to their ability to provide efficient heating and cooling solutions in extreme conditions.
Product Definition:
A heat pump is a device used to transfer heat energy from one location to another. Heat pumps are typically used to extract heat from a cold space and release it into a warmer one. However, they can also be reversed so that they act as air conditioners in the summertime.
An industrial high temperature heat pump is specifically designed for use in an industrial setting. It has the ability to handle higher temperatures than a standard household heat pump. This makes it ideal for heating large spaces or rooms with equipment that produces high levels of heat.
Output Temperature 70 to 90 Degrees Celsius:
The global industrial high temperature heat pump (HTHP) market size was valued at USD 2.0 billion in 2016 and is expected to witness a significant growth owing to the rising demand for energy-efficient solutions. The HTHP offers an effective solution for heating, ventilation, and air conditioning (HVAC) applications which are used across various industries including chemical processing, petrochemical manufacturing as well as power generation.
Output Temperature 90 to 120 Degrees Celsius:
The output temperature is the temperature of heat leaving the device and it is measured with a thermocoupler or thermopile. The higher the output temperature, generally, the more efficient and clean your device will be.
The 120 to 90 degree Celsius range is most commonly used in industrial applications as high operating temperatures are required for various processes such as chemical reactions, melting/cooling metals & alloys or sterilization processes that require heating/ cooling cycles at high temperatures.
Application Insights:
The food industry was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The growth of this application can be attributed to factors such as growing demand for packaged food products, rapid urbanization leading to increased consumer spending on restaurants and hotels, changing lifestyles that require more energy-efficient appliances coupled with government initiatives encouraging adoption of HTHP in developed economies including U.S., Germany, France and UK are expected to drive demand over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market at a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing number of manufacturing facilities in the region. In addition, favorable government policies promoting investments in HVHP are anticipated to drive the market growth over the forecast period.
Europe accounted for more than 25% share of global revenue in 2017 on account of high product adoption across various end-use industries including food & beverage, pharmaceuticals, metal manufacturing and others due to its superior performance as compared to other conventional heating systems. Moreover, growing awareness regarding energy conservation is anticipated fuel demand for HVHP over next eight years thereby augmenting industry growth during forecast period.
The Middle East & Africa (MEA) accounted for approximately 6% share of global revenue in 2017 owing with presence major petroleum refining companies such as Saudi Refining LLC and Oran Petroleum Corp.
Growth Factors:
- Increasing demand for energy-efficient and environment-friendly heating and cooling systems
- Growing awareness about the benefits of using industrial high temperature heat pumps
- Rising investments in research and development to improve the efficiency of industrial high temperature heat pumps
- Technological advancements that have led to the development of more efficient and compact industrial high temperature heat pumps
- The increasing popularity of green buildings, which are increasingly adopting industrial high temperature heat pumps as their primary heating and cooling system
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial High Temperature Heat Pump Market Research Report
By Type
Output Temperature 70 to 90 Degrees Celsius, Output Temperature 90 to 120 Degrees Celsius, Output Temperature is Greater Than 120 Degrees Celsius
By Application
Food Industry, Industrial Manufacturing, Chemical Products, Electronic Appliances, Petroleum Refining, Metal Industry, Others
By Companies
Keling Energy Saving, NKXTA, Moon-Tech, Phnix, GzZhengxu, Lyjn, Oilon, OCHSNER, Vossli, MAYEKAWA MFG. CO., LTD, Keling Energy Saving, OMERUN
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
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Industrial High Temperature Heat Pump Market Report Segments:
The global Industrial High Temperature Heat Pump market is segmented on the basis of:
Types
Output Temperature 70 to 90 Degrees Celsius, Output Temperature 90 to 120 Degrees Celsius, Output Temperature is Greater Than 120 Degrees Celsius
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 Industry, Industrial Manufacturing, Chemical Products, Electronic Appliances, Petroleum Refining, Metal Industry, Others
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:
- Keling Energy Saving
- NKXTA
- Moon-Tech
- Phnix
- GzZhengxu
- Lyjn
- Oilon
- OCHSNER
- Vossli
- MAYEKAWA MFG. CO., LTD
- Keling Energy Saving
- OMERUN
Highlights of The Industrial High Temperature 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:
- Output Temperature 70 to 90 Degrees Celsius
- Output Temperature 90 to 120 Degrees Celsius
- Output Temperature is Greater Than 120 Degrees Celsius
- By Application:
- Food Industry
- Industrial Manufacturing
- Chemical Products
- Electronic Appliances
- Petroleum Refining
- Metal Industry
- Others
- 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 High Temperature 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
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- Consumer Insights
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- Product & Brand Management
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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?
Industrial high temperature heat pump is a type of air-conditioning system that uses refrigerants to transfer heat between two or more locations. The system works by using the principles of thermodynamics to move thermal energy from one location to another.
Some of the key players operating in the industrial high temperature heat pump market are Keling Energy Saving, NKXTA, Moon-Tech, Phnix, GzZhengxu, Lyjn, Oilon, OCHSNER, Vossli, MAYEKAWA MFG. CO., LTD, Keling Energy Saving, OMERUN.
The industrial high temperature heat pump 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 Industrial High Temperature 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 High Temperature Heat Pump Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial High Temperature 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 High Temperature 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 High Temperature Heat Pump Market Size & Forecast, 2018-2028
4.5.1 Industrial High Temperature Heat Pump Market Size and Y-o-Y Growth
4.5.2 Industrial High Temperature Heat Pump Market Absolute $ Opportunity
Chapter 5 Global Industrial High Temperature Heat Pump 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 Industrial High Temperature Heat Pump Market Size Forecast by Type
5.2.1 Output Temperature 70 to 90 Degrees Celsius
5.2.2 Output Temperature 90 to 120 Degrees Celsius
5.2.3 Output Temperature is Greater Than 120 Degrees Celsius
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial High Temperature Heat Pump 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 Industrial High Temperature Heat Pump Market Size Forecast by Applications
6.2.1 Food Industry
6.2.2 Industrial Manufacturing
6.2.3 Chemical Products
6.2.4 Electronic Appliances
6.2.5 Petroleum Refining
6.2.6 Metal Industry
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial High Temperature 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 High Temperature 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 Industrial High Temperature Heat Pump Analysis and Forecast
9.1 Introduction
9.2 North America Industrial High Temperature Heat Pump 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 Industrial High Temperature Heat Pump Market Size Forecast by Type
9.6.1 Output Temperature 70 to 90 Degrees Celsius
9.6.2 Output Temperature 90 to 120 Degrees Celsius
9.6.3 Output Temperature is Greater Than 120 Degrees Celsius
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 Industrial High Temperature Heat Pump Market Size Forecast by Applications
9.10.1 Food Industry
9.10.2 Industrial Manufacturing
9.10.3 Chemical Products
9.10.4 Electronic Appliances
9.10.5 Petroleum Refining
9.10.6 Metal Industry
9.10.7 Others
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 Industrial High Temperature Heat Pump Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial High Temperature Heat Pump 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 Industrial High Temperature Heat Pump Market Size Forecast by Type
10.6.1 Output Temperature 70 to 90 Degrees Celsius
10.6.2 Output Temperature 90 to 120 Degrees Celsius
10.6.3 Output Temperature is Greater Than 120 Degrees Celsius
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 Industrial High Temperature Heat Pump Market Size Forecast by Applications
10.10.1 Food Industry
10.10.2 Industrial Manufacturing
10.10.3 Chemical Products
10.10.4 Electronic Appliances
10.10.5 Petroleum Refining
10.10.6 Metal Industry
10.10.7 Others
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 Industrial High Temperature Heat Pump Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial High Temperature Heat Pump 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 Industrial High Temperature Heat Pump Market Size Forecast by Type
11.6.1 Output Temperature 70 to 90 Degrees Celsius
11.6.2 Output Temperature 90 to 120 Degrees Celsius
11.6.3 Output Temperature is Greater Than 120 Degrees Celsius
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 Industrial High Temperature Heat Pump Market Size Forecast by Applications
11.10.1 Food Industry
11.10.2 Industrial Manufacturing
11.10.3 Chemical Products
11.10.4 Electronic Appliances
11.10.5 Petroleum Refining
11.10.6 Metal Industry
11.10.7 Others
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 Industrial High Temperature Heat Pump Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial High Temperature Heat Pump 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 Industrial High Temperature Heat Pump Market Size Forecast by Type
12.6.1 Output Temperature 70 to 90 Degrees Celsius
12.6.2 Output Temperature 90 to 120 Degrees Celsius
12.6.3 Output Temperature is Greater Than 120 Degrees Celsius
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 Industrial High Temperature Heat Pump Market Size Forecast by Applications
12.10.1 Food Industry
12.10.2 Industrial Manufacturing
12.10.3 Chemical Products
12.10.4 Electronic Appliances
12.10.5 Petroleum Refining
12.10.6 Metal Industry
12.10.7 Others
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) Industrial High Temperature Heat Pump Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial High Temperature Heat Pump 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) Industrial High Temperature Heat Pump Market Size Forecast by Type
13.6.1 Output Temperature 70 to 90 Degrees Celsius
13.6.2 Output Temperature 90 to 120 Degrees Celsius
13.6.3 Output Temperature is Greater Than 120 Degrees Celsius
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) Industrial High Temperature Heat Pump Market Size Forecast by Applications
13.10.1 Food Industry
13.10.2 Industrial Manufacturing
13.10.3 Chemical Products
13.10.4 Electronic Appliances
13.10.5 Petroleum Refining
13.10.6 Metal Industry
13.10.7 Others
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 High Temperature Heat Pump Market: Competitive Dashboard
14.2 Global Industrial High Temperature Heat Pump Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Keling Energy Saving
14.3.2 NKXTA
14.3.3 Moon-Tech
14.3.4 Phnix
14.3.5 GzZhengxu
14.3.6 Lyjn
14.3.7 Oilon
14.3.8 OCHSNER
14.3.9 Vossli
14.3.10 MAYEKAWA MFG. CO., LTD
14.3.11 Keling Energy Saving
14.3.12 OMERUN
