Air Source Heat Pump (ASHP) is a device which uses a vapor compression cycle to transfer heat between outdoor air and indoor air or water. There are two type of air source heat pumps including air-to-air heat pumps and air-to-water heat pumps. As the name implies, these systems heat or cool indoor air or move energy into water. An air-source heat pump can provide efficient heating and cooling for your home, especially if you live in a warm climate. When properly installed, an air-source heat pump can deliver one-and-a-half to three times more heat energy to a home than the electrical energy it consumes. This is possible because a heat pump moves heat rather than converting it from a fuel, like in combustion heating systems.
Of the major players of Air Source Heat Pumps, Daikin Industries maintained its first place in the ranking in 2017. Daikin Industries accounted for 13.58 % of the United States Air Source Heat Pumps sales volume market share in 2017. Other players accounted for 10.95%, 7.97%, 7.90%, including Mitsubishi Electric, Panasonic and Fujitsu General.
In this study, the sales region of Air Source Heat Pumps divided into four geographic regions: In the South of the United States, total Air Source Heat Pumps accounted for 53.75%. In the West of the United States, total Air Source Heat Pumps accounted for 25.28%. The market in the Midwest of the United States accounted for 12.72 %, In the Northeast, total Air Source Heat Pumps accounted for 8.25%. Among all regions, the South of the United States is estimated to represent the highest share.
On the basis of product type, the Air-to-Air segment is projected to account for the largest sales volume share during the forecast period; this segment was estimated to account for 53.93 % sales volume share in 2017.
The Air Source Heat Pumps market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Air Source Heat Pumps.
This report presents the worldwide Air Source Heat Pumps market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
A. O. Smith
Air Source Heat Pumps Breakdown Data by Type
Air Source Heat Pumps Breakdown Data by Application
Air Source Heat Pumps Production by Region
Air Source Heat Pumps Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Air Source Heat Pumps status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Air Source Heat Pumps manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Air Source Heat Pumps :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Air Source Heat Pumps market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.