Global Water Source Heat Pump Units (WSHP) Market by Type (Vertical Closet WSHP, Horizontal Closet WSHP, Console WSHP), By Application (Urban Commercial Supporting Facility, Public Infrastructure, Industrial Circle) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global water source heat pump units (WSHP) market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient solutions and the growing awareness about environment-friendly technologies. In terms of type, the vertical closet WSHP segment is expected to lead the market during the forecast period, owing to its high efficiency and low noise levels. In terms of application, urban commercial supporting facilities are expected to account for a major share of the global WSHP market during 2018–2030.



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Product Definition:

A water source heat pump (WSHP) is a type of heat pump that uses water as the heat exchange medium. WSHPs are used for both heating and cooling, and can be used in both commercial and residential applications. They are often used to replace traditional gas or electric heating systems, or air conditioning systems.

Vertical Closet WSHP:

Vertical Closet WSHP, also known as cold-row wick or cold-row technology is a method of collecting waste heat from the floor and ceiling of a building for use in heating water. It provides an effective and efficient way to generate hot water by using less energy than conventional systems. Vertical Closet WSHPs are most commonly used in commercial buildings such as shopping malls, office buildings, hospitals & clinics along with residential applications including homes & apartments.

Horizontal Closet WSHP:

Horizontal Closet WSHP ( Horizontal Cellular Thermo-pump) is a closed system used in the heat pump industry to transfer thermal energy from one place to another. It consists of an insulated container filled with hot water, which is placed inside the larger insulated container containing cold water. The system works on the principle of thermodynamics by using and losing very minimal heat during transfer process.

Application Insights:

The urban commercial supporting facility application segment led the global water source heat pump units market in 2017 and is projected to witness significant growth over the forecast period. This can be attributed to rapid development of shopping malls and complexes in emerging economies such as India, China, Thailand, Indonesia and Malaysia. Furthermore, increasing number of retail stores including supermarkets is expected to drive demand for WSHP at a public infrastructure level over the coming years.

Industrial circle application segment accounted for 20% share of total revenue in 2017 owing to rising adoption across industries such as food & beverage processing coupled with growing requirement for large scale industrial buildings. The need for energy-efficient solutions that reduce operational costs while improving productivity has driven WSHP¢â‚¬â„¢s adoption across various industrial applications globally.

Regional Analysis:

Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid urbanization, which has resulted in increased spending on commercial construction projects. This is likely to drive demand for WSHP units across various applications in China, Japan, India and Southeast Asian countries.

The growing tourism sector across Asia Pacific economies including China and India is also anticipated to boost demand for water source heat pumps over the forecast period. These factors are expected to complement product sales volume growth of around 13% from 2017 levels by 2030 if there exists no major technological advancement or significant industry disruption occurs during this time frame.

Growth Factors:

Increasing demand for energy-efficient heating and cooling systems: The global water source heat pump units market is expected to grow at a CAGR of over 7% during the forecast period. This can be attributed to the increasing demand for energy-efficient heating and cooling systems across the world.
Rising awareness about environment-friendly solutions: There is a growing awareness among consumers about environment-friendly solutions, which is driving the adoption of water source heat pump units globally.
Technological advancements: The development of new technologies in water source heat pump units has led to their increased adoption in residential and commercial applications worldwide.
Growing construction industry: The growth of the construction industry is another major factor that is expected to drive the demand for water source heat pump units in the coming years.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Water Source Heat Pump Units (WSHP) Market Research Report
By Type
Vertical Closet WSHP, Horizontal Closet WSHP, Console WSHP
By Application
Urban Commercial Supporting Facility, Public Infrastructure, Industrial Circle
By Companies
Johnson Controls, Daikin, Trane, Carrier, Mitsubishi Electric, Bosch, Dunham Bush, Ice Air, Aaon, Cold Point
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
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.

Global Water Source Heat Pump Units (WSHP) Market Report Segments:
The global Water Source Heat Pump Units (WSHP) market is segmented on the basis of:
Types
Vertical Closet WSHP, Horizontal Closet WSHP, Console WSHP
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
Urban Commercial Supporting Facility, Public Infrastructure, Industrial Circle
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:
Johnson Controls
Daikin
Trane
Carrier
Mitsubishi Electric
Bosch
Dunham Bush
Ice Air
Aaon
Cold Point



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Highlights of The Water Source Heat Pump Units (WSHP) 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:
Vertical Closet WSHP
Horizontal Closet WSHP
Console WSHP
By Application:
Urban Commercial Supporting Facility
Public Infrastructure
Industrial Circle
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 Water Source Heat Pump Units (WSHP) 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

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