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Global Gas Engine-driven Heat Pump (GEHP) Market Growth 2023-2029

Global Gas Engine-driven Heat Pump (GEHP) Market Growth 2023-2029

Product Code:462706

Published Date: Feb 08,2023

Pages: 103

Region: Global

Category: Machinery & Equipment

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Gas Engine-driven Heat Pump (GEHP) or Gas Heat Pumps (GHP) air conditioning systems are used to comfortably heat or cool large spaces. They use gas to fuel the engine that drives the compressor. A gas heat pump is a heating appliance which uses the renewable energy stored in the soil, groundwater or the environment for heating purposes. It then combines this environmental heat with high efficiency gas-fired condensing technology.

What's GHPAn air conditioning system provides both cooling and heating by circulating refrigerant with a compressor (Heat Pump Cycle). The basic system for the heating and cooling cycle is the same as an Electric Heat Pump (EHP). The main difference between GHP and EHP is whether it uses an electric motor or a gas engine to drive the compressor in the outdoor unit, which is often called the heart of the air conditioning system. This difference realizes comfortable cooling and heating in a GHP and is the major feature of a GHP system that offers numerous advantages.

LPI (LP Information)' newest research report, the “Gas Engine-driven Heat Pump (GEHP) Industry Forecast” looks at past sales and reviews total world Gas Engine-driven Heat Pump (GEHP) sales in 2022, providing a comprehensive analysis by region and market sector of projected Gas Engine-driven Heat Pump (GEHP) sales for 2023 through 2029. With Gas Engine-driven Heat Pump (GEHP) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Gas Engine-driven Heat Pump (GEHP) industry.

This Insight Report provides a comprehensive analysis of the global Gas Engine-driven Heat Pump (GEHP) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Gas Engine-driven Heat Pump (GEHP) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Gas Engine-driven Heat Pump (GEHP) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Gas Engine-driven Heat Pump (GEHP) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Gas Engine-driven Heat Pump (GEHP).

The global Gas Engine-driven Heat Pump (GEHP) market size is projected to grow from US$ 751.5 million in 2022 to US$ 702.2 million in 2029; it is expected to grow at a CAGR of 702.2 from 2023 to 2029.

Global key players of gas engine-driven heat pump (GEHP) include Yanmar, Aisin Seiki, etc. Global top 2 companies hold a share about 75%. Japan is the largest market, with a share over 80%, followed by Asia Pacific Others with the share about 12%. In terms of product, 10-20HP is the largest segment, with a share over 70%. And in terms of application, the largest application is commercial application, with a share about 60%.

This report presents a comprehensive overview, market shares, and growth opportunities of Gas Engine-driven Heat Pump (GEHP) market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Below 10HP
    10-20HP
    Above 20HP

Segmentation by application
    Commercial
    Schools & Universities
    Industrial & Residential

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Yanmar
    Aisin Seiki
    Panasonic
    Daikin
    Mitsubishi
    LG Electronics
    Schwank
    Tecogen, Inc.
    Blue Flame High-tech (Tianjin)
    Smart Action

Key Questions Addressed in this Report
What is the 10-year outlook for the global Gas Engine-driven Heat Pump (GEHP) market?
What factors are driving Gas Engine-driven Heat Pump (GEHP) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Gas Engine-driven Heat Pump (GEHP) market opportunities vary by end market size?
How does Gas Engine-driven Heat Pump (GEHP) break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?