Overview and Scope
The large-scale natural refrigerant heat pump refers to a heat pump that employs natural materials to transport heat from a heat source to a heat sink. The heat pump uses the refrigerant to move, convey, and release heat.
Sizing and Forecast
The large-scale natural refrigerant heat pump market size has grown strongly in recent years. It will grow from $5.73 billion in 2023 to $6.3 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to global energy transition, public awareness and consumer demand, market competition and innovation, urbanization and building sector growth, demonstration projects and pilot studies.
The large-scale natural refrigerant heat pump market size is expected to see strong growth in the next few years. It will grow to $9.12 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to stringent environmental regulations, accelerated phasing out of synthetic refrigerants, rising environmental consciousness, enhanced energy efficiency demands, renewable energy integration .. Major trends in the forecast period include environmental sustainability, regulatory shifts, energy efficiency focus, global market competition, urbanization and infrastructure needs, demonstration projects..
To access more details regarding this report, visit the link:
Segmentation & Regional Insights
The large-scale natural refrigerant heat pump market covered in this report is segmented –
1) By Capacity: 20–200 kW, 200–500 kW, 500–1,000 kW, Above 1,000 kW
2) By Refrigerants: Ammonia (R-717) , Carbon Dioxide (R-744) , Hydrocarbons
3) By End Users: Commercial, Industrial
North America was the largest region in the large-scale natural refrigerant heat pump market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the large-scale natural refrigerant heat pump market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8330&type=smp
Major Driver Impacting Market Growth
The increase in government initiatives to enhance energy efficiency in the industrial sector are driving the large-scale natural refrigerant heat pump market. Energy efficiency refers to utilizing less energy to do the same task, which lowers energy costs and lowers pollution. To reduce energy use, the governments of various countries are focusing on initiatives that will drive energy efficiency. The large-scale natural refrigerant heat pump is an energy-efficient and sustainable alternative to traditional heat pumps as it utilizes natural refrigerants like hydrocarbons to reduce the harmful environmental impacts. For instance, according to an article published by the International Energy Agency, a Paris-based autonomous intergovernmental organization, in November 2021, four major economies—Australia, Indonesia, Japan, and Nigeria—have joined the International Energy Agency and the UK government’s action plan, COP26: Product Efficiency Call to Action, to drastically increase the energy efficiency of goods sold around the world. This brings the total number of signatories to 14, making it the largest-ever global initiative of its kind. The COP26 Product Efficiency Call to Action is an ambitious program to double the efficiency of essential internationally traded goods by 2030 to contribute to decreases in both global greenhouse gas emissions and consumer energy bills. Therefore, increasing government initiatives to enhance energy efficiency are expected to drive the large-scale natural refrigerant heat pump market.
Key Industry Players
Major companies operating in the large-scale natural refrigerant heat pump market report are Siemens Energy AG, Johnson Controls, Guangdong Phnix Eco-Energy Solution Ltd., Gea Group Aktiengesellschaft, Mitsubishi Electric Corporation, Man Energy Solutions SE, Star Refrigeration, Emicon, Clade Engineering Systems Ltd., Ago GmbH Energie + Anlagen, Araner, Lync, Skadec GmbH, Bundgaard Refrigeration, Mayekawa Mfg. Co. Ltd., Fenagy A/S, Pure Thermal, TEKO Gesellschaft für Kältetechnik MbH, Enerblue Srl, Emerson Electric Co., Danfoss A/S, Bitzer SE, Baltimore Aircoil Company, Alfa Laval AB, Carrier Corporation, Trane Technologies plc, Thermowave GmbH, LU-VE Group, Swegon Group AB, Güntner GmbH & Co. KG
The large-scale natural refrigerant heat pump market report table of contents includes:
1. Executive Summary
2. Large-Scale Natural Refrigerant Heat Pump Market Characteristics
3. Large-Scale Natural Refrigerant Heat Pump Market Trends And Strategies
4. Large-Scale Natural Refrigerant Heat Pump Market – Macro Economic Scenario
5. Global Large-Scale Natural Refrigerant Heat Pump Market Size and Growth
.
.
.
26. South America Large-Scale Natural Refrigerant Heat Pump Market
27. Brazil Large-Scale Natural Refrigerant Heat Pump Market
28. Middle East Large-Scale Natural Refrigerant Heat Pump Market
29. Africa Large-Scale Natural Refrigerant Heat Pump Market
30. Large-Scale Natural Refrigerant Heat Pump Market Competitive Landscape And Company Profiles
Top Major Players:
Explore the trending research reports from TBRC:
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
The medical terminology software global market report 2024 from The Business Research Company provides comprehensive…
The apples global market report 2024 from The Business Research Company provides comprehensive market statistics,…
The ip video surveillance and vsaas global market report 2024 from The Business Research Company…
The change and configuration management global market report 2024 from The Business Research Company provides…
The generative ai in gaming global market report 2024 from The Business Research Company provides…
The electric blankets global market report 2024 from The Business Research Company provides comprehensive market…