Market Research Report
Commercial Building Electrification: Heat Pump and VRF Global Market Analysis and Forecast
|Published by||Navigant Research||Product code||929162|
|Published||Content info||44 Pages; 35 Tables, Charts & Figures
Delivery time: 1-2 business days
|Commercial Building Electrification: Heat Pump and VRF Global Market Analysis and Forecast|
|Published: March 17, 2020||Content info: 44 Pages; 35 Tables, Charts & Figures||
The speed of regulations incentivizing commercial building electrification in the US took many market stakeholders by surprise. Regulations in California, New York, Washington, DC, and other states and cities are stressing the role of electrification in decarbonizing the built environment. The policies have wide-ranging implications for utilities, building engineers and architects, OEMs, and intelligent building market players.
Technologies such as electric heat pumps and variable refrigerant flow (VRF) systems are available to meet heating needs and greenhouse gas (GHG) targets in most climates in North America. These technologies have already seen sustained growth in adoption over the past 5 years. The market is reaching a tipping point, with new climate-related targets spurring added growth and competition among market players in VRF, heat pump, and heat recovery products.
This report from Navigant Research, a Guidehouse company, examines the global market for commercial heat pump and VRF systems considering increasing building decarbonization and electrification priorities set by governments around the world. The report provides an analysis of this market with a focus on North America and a 10-year (2020-2029) global forecast. Trends in the European and Asia Pacific markets are also discussed, in part to provide context to the North American market. The forecast includes three regions (North America, Europe, and Asia Pacific) segmented by heat source type (air, water, and ground), heat pump type (VRF and other), project type (new construction and retrofit), and eight commercial building types.