Growth Opportunities in the Global Industrial Heat Pumps Industry

Description

The Need for Industrial Decarbonization Will Drive Industries to Embrace Nonfossil Solutions

The need to decarbonize the industrial economy is becoming ever more important. Much has been achieved so far in the decarbonization of power generation, but progress in the realm of industrial decarbonization has been relatively slow. This is now gradually changing as businesses seek to comply with environmental, social, and governance (ESG) goals and reduce emissions. The ever-higher costs of polluting in key country markets creates a financial incentive to act.

Traditional demand for heat pumps (HPs) has come predominantly from process industries such as food and beverage and pulp and paper, but as the technology evolves and the temperatures that HPs can handle increase, new industries will open up, such as growth from the chemicals and textiles spaces.

However significant restraints must be overcome. Equipment and installation costs remain high, mainly because of the custom nature of many installations, and the absence of higher sales volumes limits modularization. The price differential between electricity and gas is probably the most important though-the 2022 surge in global gas prices has been reversed, meaning the cost economics currently favor fossil fuels.

This research on the global industrial heat pumps industry covers the period 2020 to 2035.

Product Code: PFK1-27

Strategic Imperatives

Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Industrial Heat Pumps Industry
Growth Opportunities Fuel the Growth Pipeline Engine™

Growth Opportunity Analysis

Key Insights
Scope of Analysis
Growth Metrics
Market Overview and Definitions
Decarbonizing Industrial Heat: The Global Opportunity
Decarbonizing Industrial Heat: The European Opportunity
HPs as Crucial Technology to Decarbonize Industrial Heat
Types of Industrial Heat Pumps
Industrial HP Temperature Ranges
Industrial HP Technology Readiness by Temperature
What Are the Heat Requirements for Different Industries?
Current and Future Business Opportunities by Industry
HP Policy Support: Overview of Key European Policies
HP Policy Support: Overview of Key North American Policies
Growth Drivers
Growth Restraints
Forecast Assumptions
Revenue and Unit Shipment Forecast
Unit Shipment Forecast by Region
Revenue Forecast by Region
Unit Shipment Forecast by Country
Revenue Forecast by Country
Unit Shipment and Revenue Forecast by Capacity Range
Revenue and Unit Shipment Forecast Analysis
Competitive Environment
Competitive Environment: Tier Analysis
Snapshot of Key Companies
Case Study 1: UHTP
Case Study 2: UHTP
Case Study 3: UHTP
Heat-as-a-Service
Key Technology Developments

Growth Opportunity Universe

Growth Opportunity 1: As-a-Service Models
Growth Opportunity 2: End-user Sector Coupling
Growth Opportunity 3: Data Center Heat Recovery
Growth Opportunity 4: Eco-friendly Solutions
List of Exhibits
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