The global demand for Thermally Driven Heat Pumps Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Heat pumps which are driven by thermal energy such as the combustion of natural gas, air, and steam from solar-heated water to move heat from one location to another, are called thermally driven heat pumps. The thermally driven heat pumps are mostly used in places where electricity is extremely expensive, or a larger amount of unutilized heat is available. Thermally driven heat pumps do not require any external energy source and can be powered by renewable resources like solar and wind.
Market Dynamics
The factors driving the thermally driven heat pump market are the increase in demand for renewable energy, the rise in oil and electricity prices, and the growing need to reduce carbon footprints. Moreover, the increasing importance of being eco-friendly among people leads to more demand for the thermally driven heat pump market. Furthermore, both heating and cooling energy demand is expected to grow in the future years. In addition, the increasing penetration of smart buildings is expected to drive up the demand for thermally driven heat pumps in the coming years. However, factors such as lack of consumer awareness and high initial setup costs can hinder the market's growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of thermally driven heat pumps. The growth and trends of thermally driven heat pumps industry provide a holistic approach to this study.
Market Segmentation
This section of the thermally driven heat pumps market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Type
By Technology
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Thermally Driven Heat Pumps market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Thermally Driven Heat Pumps Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the thermally driven heat pumps market include AGO AG Energie + Anlagen, Carrier Klimatechnik GmbH, Jiangsu Huineng, New Energy Technology Co. Ltd, Pink Heating Limited, Robur S.p.A, SaltX Technology Holding AB, Tranter Solarice, Others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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