LAMEA Residential Heat Pump Market Size, Share & Industry Trends Analysis Report By Power Source (Electric Powered and Gas Powered), By Type (Air Source, Geothermal, and Water Source), By Country and Growth Forecast, 2022 - 2028
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Get in-depth analysis of the COVID-19 impact on the LAMEA Residential Heat Pump Market
Market Report Description
The Latin America, Middle East and Africa Residential Heat Pump Market would witness market growth of 10.4% CAGR during the forecast period (2022-2028).
One stay put while the other circles around it, squeezing the gas by pushing it into smaller and smaller spaces. Scroll turbines have a longer operational life and are quieter than traditional piston compressors. When compared to existing residential heat pump with piston compressors, residential heat pump with scroll compressors deliver 10° to 15°F (5.6° to 8.3°C) warmer air when in the heating mode, according to some sources.
Residential heat pump can be equipped with a gas furnace to supplement the residential heat pump, which is sometimes referred to as a dual-fuel or hybrid system. Whereas most heat pushes use electric resistance residential heat pump as a fallback option for cold weather, residential heat pump can also be equipped with a gas furnace to supplement the residential heat pump, which is sometimes alluded to as a dual-fuel or hybrid system.
The growing demand for cooling and heating appliances in the Middle East is expected to boost the market for residential heat pump in the region. Furthermore, rising consumer disposable income as well as rising living standards in various countries would help the growth of the regional residential heat pump market throughout the forecast period.
The region's need for air conditioning equipment would be boosted by the burgeoning hospitality sector and increased construction activity. However, the adoption of complete or partial lockdown in several countries in this region would stifle regional market growth in the coming years. The high temperatures in several Middle Eastern countries would also help the regional market flourish.
The Brazil market dominated the LAMEA Residential Heat Pump Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,114.1 million by 2028. The Argentina market is estimated to grow at a CAGR of 11% during (2022 - 2028). Additionally, The UAE market is anticipated to grow at a CAGR of 10.1% during (2022 - 2028).
Based on Power Source, the market is segmented into Electric Powered and Gas Powered. Based on Type, the market is segmented into Air Source, Geothermal, and Water Source. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Residential Heat Pump Market is Predict to reach $53 Billion by 2028, at a CAGR of 9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Johnson Controls International PLC, Mitsubishi Electric Corporation, The Danfoss Group, Daikin Industries, Ltd., Carrier Global Corporation, Midea Group Co., Ltd., NIBE Industrier AB, Viessmann Group, Stiebel Eltron GmbH & Co. KG, The Glen Dimplex Group
Scope of the Study
Market Segments Covered in the Report:
By Power Source
- Electric Powered
- Gas Powered
By Type
- Air Source
- Geothermal
- Water Source
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Johnson Controls International PLC
- Mitsubishi Electric Corporation
- The Danfoss Group
- Daikin Industries, Ltd.
- Carrier Global Corporation
- Midea Group Co., Ltd.
- NIBE Industrier AB
- Viessmann Group
- Stiebel Eltron GmbH & Co. KG
- The Glen Dimplex Group
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