DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/gj94g2/heat_pump_market) has announced the addition of the "Heat Pump Market in China 2014-2018" report to their offering.
The analysts forecast the Heat Pump market in China to grow at a CAGR of 27.86 percent over the period 2013-2018. One of the key factors contributing to this market growth is the need for a reduction of greenhouse gases. The Heat Pump market in China has also been witnessing the increasing awareness of the latest technology. However, the need for high initial investment could pose a challenge to the growth of this market.
The key vendors dominating this market space are Daikin Industries Ltd., Gree Electric Appliances Inc., Sirac Air Conditioning Equipments Co. Ltd., and Trane Inc.
Other vendors mentioned in the report are Fuerda Air-conditioning Equipment Co. Ltd., Guangdong Tongyi Electrical Appliance Co. Ltd., Haier Group, Hangzhou Zhenxin Heating Equipment Co. Ltd., Mammoth Inc., and QueZheng Cooling and Heating Equipment Co.
Commenting on the report, an analyst from the team said: Increasing awareness about the latest technological developments is one of the major trends in the Heat Pump market in China. Several organizations in China started creating awareness regarding the latest technological developments and the benefits of implementing heat pumps in various buildings such as industrial buildings, commercial buildings, and residential buildings. Thus, several vendors in the Heat Pump market in China exhibit their products at exhibitions and air their advertisements across the television channels. Further, they also conduct road shows in several cities across the developing provinces in China.
According to the report, one of the major drivers is the need for the reduction of greenhouse gas. The effective deployment of the latest technology heat pumps enables end-users to reduce carbon emissions significantly. Hence, the growth of the Heat Pump market in China looks very promising during the forecast period.
Further, the report states that a major challenge in the Heat Pump market in China is the need for high levels of initial investment. The rising costs of raw materials and components that are required to manufacture heat pumps have increased overall operational costs for heat pump vendors.
For more information visit http://www.researchandmarkets.com/research/gj94g2/heat_pump_market
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