Global Synthetic Aperture Radar Market Analysis and Forecast: Innovations and Applications Driving Market Growth [news]
Synthetic Aperture Radar (SAR) is a sophisticated remote sensing technology that uses the reflection of radio waves to create high-resolution images of the Earth's surface. SAR has revolutionized the field of remote sensing, enabling scientists to study the Earth's surface with unprecedented detail and accuracy. The global synthetic aperture radar market is expected to grow significantly in the coming years, driven by the increasing demand for SAR data in various applications such as agriculture, defense, and natural resource management. This blog will provide an overview of the global synthetic aperture radar market and its innovations and applications that are driving market growth.
Market Analysis:
According to Stratview Research, the global Synthetic Aperture Radar Market was valued at USD 2.7 billion in 2021 and is expected to reach USD 5.77 billion by 2028 at a healthy CAGR of 10.96% during the forecast period (2022-2028). The growth of the market can be attributed to several factors such as the increasing demand for SAR data in various applications, advancements in SAR technology, and the growing investments in the development of SAR systems.
North America held the largest share of >30% of the market in 2021, owing to the presence of several key players and the high adoption of SAR technology in various applications such as defense, agriculture, and natural resource management.
The Asia-Pacific region is expected to witness significant growth during the forecast period, driven by the increasing adoption of SAR technology in countries such as China, India, and Japan.
Innovations Driving Market Growth:
1. Advancements in SAR Technology: Advancements in SAR technology have led to the development of high-resolution SAR systems that can provide detailed and accurate images of the Earth's surface. The development of compact SAR systems has made it possible to deploy SAR systems on small satellites, enabling the collection of SAR data at a lower cost.
2. Interferometric SAR (InSAR): Interferometric SAR (InSAR) is a technique that uses two or more SAR images to create a 3D image of the Earth's surface. InSAR is used in various applications such as land subsidence monitoring, earthquake analysis, and glacier monitoring.
3. Polarimetric SAR (PolSAR): Polarimetric SAR (PolSAR) is a technique that uses the polarization of radio waves to create images of the Earth's surface. PolSAR is used in various applications such as forestry, agriculture, and natural resource management.
Applications Driving Market Growth:
1. Agriculture: SAR data is used in agriculture to monitor crop growth, soil moisture, and crop health. The use of SAR data in agriculture can help farmers make informed decisions about crop management and improve crop yield.
2. Defense: SAR data is used in defense to monitor military activities, detect targets, and provide situational awareness. The use of SAR data in defense can help improve military operations and enhance national security.
3. Natural Resource Management: SAR data is used in natural resource management to monitor land use, deforestation, and land cover change. The use of SAR data in natural resource management can help policymakers make informed decisions about resource management and conservation.
Custom Research:
Stratview Research delivers custom research services across sectors. In case of any custom research requirements, please send your inquiry to sales@stratviewresearch.com. Or connect with our experts at +1-313-307-4176.
About Us
Stratview Research is a global market research firm, offering syndicated and custom research reports and growth consulting services. Our business intelligence and industry research reports offer clients insightful market data to aid strategic decision-making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
Market Analysis:
According to Stratview Research, the global Synthetic Aperture Radar Market was valued at USD 2.7 billion in 2021 and is expected to reach USD 5.77 billion by 2028 at a healthy CAGR of 10.96% during the forecast period (2022-2028). The growth of the market can be attributed to several factors such as the increasing demand for SAR data in various applications, advancements in SAR technology, and the growing investments in the development of SAR systems.
North America held the largest share of >30% of the market in 2021, owing to the presence of several key players and the high adoption of SAR technology in various applications such as defense, agriculture, and natural resource management.
The Asia-Pacific region is expected to witness significant growth during the forecast period, driven by the increasing adoption of SAR technology in countries such as China, India, and Japan.
Innovations Driving Market Growth:
1. Advancements in SAR Technology: Advancements in SAR technology have led to the development of high-resolution SAR systems that can provide detailed and accurate images of the Earth's surface. The development of compact SAR systems has made it possible to deploy SAR systems on small satellites, enabling the collection of SAR data at a lower cost.
2. Interferometric SAR (InSAR): Interferometric SAR (InSAR) is a technique that uses two or more SAR images to create a 3D image of the Earth's surface. InSAR is used in various applications such as land subsidence monitoring, earthquake analysis, and glacier monitoring.
3. Polarimetric SAR (PolSAR): Polarimetric SAR (PolSAR) is a technique that uses the polarization of radio waves to create images of the Earth's surface. PolSAR is used in various applications such as forestry, agriculture, and natural resource management.
Applications Driving Market Growth:
1. Agriculture: SAR data is used in agriculture to monitor crop growth, soil moisture, and crop health. The use of SAR data in agriculture can help farmers make informed decisions about crop management and improve crop yield.
2. Defense: SAR data is used in defense to monitor military activities, detect targets, and provide situational awareness. The use of SAR data in defense can help improve military operations and enhance national security.
3. Natural Resource Management: SAR data is used in natural resource management to monitor land use, deforestation, and land cover change. The use of SAR data in natural resource management can help policymakers make informed decisions about resource management and conservation.
Custom Research:
Stratview Research delivers custom research services across sectors. In case of any custom research requirements, please send your inquiry to sales@stratviewresearch.com. Or connect with our experts at +1-313-307-4176.
About Us
Stratview Research is a global market research firm, offering syndicated and custom research reports and growth consulting services. Our business intelligence and industry research reports offer clients insightful market data to aid strategic decision-making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
Synthetic Aperture Radar Market Size to Expand Significantly by the End of 2028 [news]
Stratview Research has published a new report titled “Synthetic Aperture Radar Market” which is segmented by Application Area Type (Defense, Commercial), by Platform Type (Airborne, Ground), by Mode Type (Single Mode, Multimode), by Frequency Band Type (X Band, C Band, S-Band, L Band, K/Ku/Ka-Band, VHF/UHF Band, and Others), by Component Type (Receiver, Transmitter, and Antenna), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, the market is expected to reach USD 5.77 billion by 2028 from USD 2.77 billion in 2021 at a healthy CAGR of 10.96% during the forecast period of 2022-2028.
A synthetic aperture radar system is a radar system that collects surface images of high-resolution, using the vehicle’s motion. In the process, the microwave pulses are sent to the surface of the earth by an antenna, which is then measured to get the image.
They can be of a single mode or also of multiple modes and make use of several frequency bands. Synthetic aperture radar can make use of many components such as an antenna, receiver, and transmitter. It is used from the ground as well as through airborne means and is highly useful for defense and commercial purposes.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the industry. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Platform Trends
The market is segmented as airborne and ground.
The Airborne segment is holding the largest market with a share of >82.2% in 2021 and is estimated to witness higher growth during the forecast period. Manufacturers of airborne synthetic aperture radars are taking enormous efforts to develop specialized airborne synthetic aperture radars for Unmanned Aerial Vehicles (UAVs), as the use of airborne synthetic aperture radars in UAVs empowers easy data collection of fast-changing terrains, such as snow slopes and active volcanoes.
Mode Trends
The market is segmented as single mode and multimode.
The Multimode segment led the market with a share of >70.7% in 2021 and is expected to remain dominant during the forecast period. Synthetic aperture radars employing multimode are in high demand, owing to their ability to capture images based on various application requirements.
Frequency Band Trends
The market is segmented into X band, C band, S band, L band, K/Ku/Ka band, VHF/UHF band, and others. A frequency band is an interval at which a specific radar transmits a signal.
These frequency bands are differentiated based on their wavelength, which ranges from 0 GHz to 40 GHz. Radiofrequency waves are transmitted through antennas into space that is, further, reflected from the target.
Which Region is expected to remain the largest market?
North American region dominated the market with a share of >31.2% in 2021 and is estimated to maintain its dominance during the forecast period, as various leading manufacturers of synthetic aperture radars, such as Lockheed Martin Corporation (US), Raytheon Company (US), Northrop Grumman Corporation (US), etc., have their headquarters in North America.
Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, enabling strategic decision-making for the existing market players and those willing to enter the market.
The following are the key players active in the Synthetic Aperture Radar Market:
• ASELSAN A.
• BAE Systems plc
• Cobham PLC
• Harris Corporation
• Leonardo S.P.A.
• Northrop Grumman Corporation
• The Raytheon Company
• Thales Group
• Israel Aerospace Industries Ltd.
• Saab AB
Key questions answered by the report.
• What is the projected CAGR for revenue from the Synthetic Aperture Radar Market during the forecast period?
• What would the market be valued at by 2028?
• What is a major driving factor for the growth of the market?
• Which region accounted for the largest revenue share in the Synthetic Aperture Radar Market?
• Which are the major market players?
Custom Research:
Stratview Research delivers custom research services across sectors. In case of any custom research requirements, please send your inquiry to sales@stratviewresearch.com. Or connect with our experts at +1-313-307-4176.
About Us
Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients insightful market data to aid strategic decision-making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
As per the study, the market is expected to reach USD 5.77 billion by 2028 from USD 2.77 billion in 2021 at a healthy CAGR of 10.96% during the forecast period of 2022-2028.
A synthetic aperture radar system is a radar system that collects surface images of high-resolution, using the vehicle’s motion. In the process, the microwave pulses are sent to the surface of the earth by an antenna, which is then measured to get the image.
They can be of a single mode or also of multiple modes and make use of several frequency bands. Synthetic aperture radar can make use of many components such as an antenna, receiver, and transmitter. It is used from the ground as well as through airborne means and is highly useful for defense and commercial purposes.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the industry. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Platform Trends
The market is segmented as airborne and ground.
The Airborne segment is holding the largest market with a share of >82.2% in 2021 and is estimated to witness higher growth during the forecast period. Manufacturers of airborne synthetic aperture radars are taking enormous efforts to develop specialized airborne synthetic aperture radars for Unmanned Aerial Vehicles (UAVs), as the use of airborne synthetic aperture radars in UAVs empowers easy data collection of fast-changing terrains, such as snow slopes and active volcanoes.
Mode Trends
The market is segmented as single mode and multimode.
The Multimode segment led the market with a share of >70.7% in 2021 and is expected to remain dominant during the forecast period. Synthetic aperture radars employing multimode are in high demand, owing to their ability to capture images based on various application requirements.
Frequency Band Trends
The market is segmented into X band, C band, S band, L band, K/Ku/Ka band, VHF/UHF band, and others. A frequency band is an interval at which a specific radar transmits a signal.
These frequency bands are differentiated based on their wavelength, which ranges from 0 GHz to 40 GHz. Radiofrequency waves are transmitted through antennas into space that is, further, reflected from the target.
Which Region is expected to remain the largest market?
North American region dominated the market with a share of >31.2% in 2021 and is estimated to maintain its dominance during the forecast period, as various leading manufacturers of synthetic aperture radars, such as Lockheed Martin Corporation (US), Raytheon Company (US), Northrop Grumman Corporation (US), etc., have their headquarters in North America.
Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, enabling strategic decision-making for the existing market players and those willing to enter the market.
The following are the key players active in the Synthetic Aperture Radar Market:
• ASELSAN A.
• BAE Systems plc
• Cobham PLC
• Harris Corporation
• Leonardo S.P.A.
• Northrop Grumman Corporation
• The Raytheon Company
• Thales Group
• Israel Aerospace Industries Ltd.
• Saab AB
Key questions answered by the report.
• What is the projected CAGR for revenue from the Synthetic Aperture Radar Market during the forecast period?
• What would the market be valued at by 2028?
• What is a major driving factor for the growth of the market?
• Which region accounted for the largest revenue share in the Synthetic Aperture Radar Market?
• Which are the major market players?
Custom Research:
Stratview Research delivers custom research services across sectors. In case of any custom research requirements, please send your inquiry to sales@stratviewresearch.com. Or connect with our experts at +1-313-307-4176.
About Us
Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients insightful market data to aid strategic decision-making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
Permanent Magnets Market Expected to Grow Strong through 2028 [news]
March 16, 2023/Industry News Global/ -- The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Permanent Magnets Market.
Permanent Magnets Market report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Market Insights
The permanent magnets market was estimated at USD 34.2 Billion in 2021 and is likely to grow at a CAGR of 9.29% from 2022-2028 to reach USD 64.13 Billion in 2028.
Request a Sample here: https://www.stratviewresearch.com/Request-Sample/154/permanent-magnets-market.html#form
What is a permanent magnet?
Permanent magnets are those magnets that are commonly used. They are known as permanent magnets because they do not lose their magnetic property once they are magnetized.
Segmentation
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The market is segmented in the following ways:
By Material Type:
• Ferrite
• Neo (NdFeb)
• SmCo
• Alnico
By End-Use Industry Type:
• Aerospace & Defense
• Automotive
• Consumer Electronics
• Energy
• Industrial
• Medical
• Others
By Sales Channel Type:
• Direct Sales
• Distributors
By Region:
• North America
• Europe
• Asia-Pacific
• Rest of the World
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Permanent Magnets Market analysis report discusses the following heads in great detail:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making. It is a global market intelligence firm providing a wide range of services including syndicated market reports, custom research, and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
Contact: Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176
Permanent Magnets Market report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Market Insights
The permanent magnets market was estimated at USD 34.2 Billion in 2021 and is likely to grow at a CAGR of 9.29% from 2022-2028 to reach USD 64.13 Billion in 2028.
Request a Sample here: https://www.stratviewresearch.com/Request-Sample/154/permanent-magnets-market.html#form
What is a permanent magnet?
Permanent magnets are those magnets that are commonly used. They are known as permanent magnets because they do not lose their magnetic property once they are magnetized.
Segmentation
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The market is segmented in the following ways:
By Material Type:
• Ferrite
• Neo (NdFeb)
• SmCo
• Alnico
By End-Use Industry Type:
• Aerospace & Defense
• Automotive
• Consumer Electronics
• Energy
• Industrial
• Medical
• Others
By Sales Channel Type:
• Direct Sales
• Distributors
By Region:
• North America
• Europe
• Asia-Pacific
• Rest of the World
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Permanent Magnets Market analysis report discusses the following heads in great detail:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making. It is a global market intelligence firm providing a wide range of services including syndicated market reports, custom research, and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
Contact: Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176
Online Lottery Market is Expected to Register considerable Growth by 2028 [news]
Stratview Research has published a new report titled “Online Lottery Market” which is segmented by Device (Desktop, Mobile) and by Region (North America, Europe, Asia-Pacific, South America, and The Middle East & Africa).
As per the study, the market is likely to witness a steady CAGR of 1.2% during the forecast period owing to a rise in draw-based games, scratch-off instant games, and increasing smartphone sales and internet penetration in developing economies. Gambling in the comfort of one’s own space is another factor contributing to the growth of the online lottery market.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
By Device Type
The online lottery market is segmented as mobile and desktop. The mobile segment is expected to be the higher-growing segment during the forecast period owing to increasing sales of smartphones and internet penetration in the remotest areas of the world.
Increasing disposable income and population will further contribute to the growth of the online lottery market.
Which Region is expected to remain the largest market?
Europe is estimated to be the largest region for the online lottery market during the forecast period. Europe has been a center of lottery and draw-based games for several decades.
With digitalization in all spheres, the European population is shifting towards virtual lottery systems from physical ones and augmenting the growth of the online lottery market in the region.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market.
The following are the key players active in the Online Lottery Market:
• Lotto Direct Limited
• Camelot Group
• Lotto Agent
• Lottoland
• Lotto247
• Annexio Limited
• WinTrillions
Key questions answered by the report.
• What is the projected CAGR for revenue from the Online Lottery Market during the forecast period?
• What would the market be valued at by 2027?
• What is a major driving factor for the growth of the market?
• Which region accounted for the largest revenue share in the Online Lottery Market?
• Which are the major market players?
Custom Research:
Stratview Research delivers custom research services across sectors. In case of any custom research requirements, please send your inquiry to sales@stratviewresearch.com. Or connect with our experts at +1-313-307-4176.
About Us
Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients insightful market data to aid strategic decision-making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
As per the study, the market is likely to witness a steady CAGR of 1.2% during the forecast period owing to a rise in draw-based games, scratch-off instant games, and increasing smartphone sales and internet penetration in developing economies. Gambling in the comfort of one’s own space is another factor contributing to the growth of the online lottery market.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
By Device Type
The online lottery market is segmented as mobile and desktop. The mobile segment is expected to be the higher-growing segment during the forecast period owing to increasing sales of smartphones and internet penetration in the remotest areas of the world.
Increasing disposable income and population will further contribute to the growth of the online lottery market.
Which Region is expected to remain the largest market?
Europe is estimated to be the largest region for the online lottery market during the forecast period. Europe has been a center of lottery and draw-based games for several decades.
With digitalization in all spheres, the European population is shifting towards virtual lottery systems from physical ones and augmenting the growth of the online lottery market in the region.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market.
The following are the key players active in the Online Lottery Market:
• Lotto Direct Limited
• Camelot Group
• Lotto Agent
• Lottoland
• Lotto247
• Annexio Limited
• WinTrillions
Key questions answered by the report.
• What is the projected CAGR for revenue from the Online Lottery Market during the forecast period?
• What would the market be valued at by 2027?
• What is a major driving factor for the growth of the market?
• Which region accounted for the largest revenue share in the Online Lottery Market?
• Which are the major market players?
Custom Research:
Stratview Research delivers custom research services across sectors. In case of any custom research requirements, please send your inquiry to sales@stratviewresearch.com. Or connect with our experts at +1-313-307-4176.
About Us
Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients insightful market data to aid strategic decision-making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
Air Source Heat Pump Market to Witness Growth Acceleration During 2022-2028 [news]
Stratview Research has published a new report titled “Air Source Heat Pump Market” which is segmented by Product Type (Air-to-Air, Air-to-Water), by Application Type (Residential, Commercial, and Industrial), and by Region (North America, Europe, Asia-Pacific, and the Rest of the World).
As per the study, the market was estimated to grow from USD 48.89 billion in 2021 to USD 73.07 billion by 2028 at a healthy CAGR of 5.81% during the forecast period of 2022-2028.
An air source heat pump is a system that helps to transfer heat from outside to inside of any building or vice versa.
Air source heat pumps are of different types, such as air-to-air heat pumps and air-to-water heat pumps. They are used in various residential, commercial, and industrial applications.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the industry’s market dynamics. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Product Trends
The market is segmented as air-to-air and air-to-water.
The Air-to-Air Segment is expected to govern the market during the forecast period, as it can either be used as an effective way of complementing the existing conventional heating and cooling system or as a stand-alone system, making its adoption suitable. It is preferred over ground source heat pump units, owing to zero expenses for groundwork and cost-effectiveness.
Application Trends
The market is segmented as residential, commercial, and industrial.
The Residential Segment dominates the market during the forecast period and is driven by the rising awareness toward the reduction of energy bills along with the shifting trends to improve living standards, increasing adoption of innovative technologies, rising demand for high-level comfort, and efforts to improve air quality.
Which Region is expected to remain the largest market?
North America is estimated to be the dominant market during the forecast period, owing to the growing concerns to effectively hold the reins of carbon footprint blended with the introduction of government initiatives to encourage the adoption of heat pump units.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players acting in the Air Source Heat Pump Market:
• Carrier Corporation
• Thermea Group
• Daikin
• Bosch Thermotechnology, A. O
• Smith Corporation
• Mitsubishi Electric Corporation
• Toshiba
• Panasonic Corporation
• LG Electronics
• China Yangzi Group
Key questions answered by the report:
• What is the projected CAGR for the Air Source Heat Pump Market revenue during the forecast period?
• What would the market be valued at by 2028?
• What is a major driving factor for the growth of the market?
• Which region accounted for the largest revenue share in the Air Source Heat Pump Market?
• Which are the major market players?
Custom Research:
Stratview Research delivers custom research services across sectors. In case of any custom research requirements, please send your inquiry to sales@stratviewresearch.com. Or connect with our experts at +1-313-307-4176.
About Us
Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients insightful market data to aid strategic decision-making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
As per the study, the market was estimated to grow from USD 48.89 billion in 2021 to USD 73.07 billion by 2028 at a healthy CAGR of 5.81% during the forecast period of 2022-2028.
An air source heat pump is a system that helps to transfer heat from outside to inside of any building or vice versa.
Air source heat pumps are of different types, such as air-to-air heat pumps and air-to-water heat pumps. They are used in various residential, commercial, and industrial applications.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the industry’s market dynamics. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Product Trends
The market is segmented as air-to-air and air-to-water.
The Air-to-Air Segment is expected to govern the market during the forecast period, as it can either be used as an effective way of complementing the existing conventional heating and cooling system or as a stand-alone system, making its adoption suitable. It is preferred over ground source heat pump units, owing to zero expenses for groundwork and cost-effectiveness.
Application Trends
The market is segmented as residential, commercial, and industrial.
The Residential Segment dominates the market during the forecast period and is driven by the rising awareness toward the reduction of energy bills along with the shifting trends to improve living standards, increasing adoption of innovative technologies, rising demand for high-level comfort, and efforts to improve air quality.
Which Region is expected to remain the largest market?
North America is estimated to be the dominant market during the forecast period, owing to the growing concerns to effectively hold the reins of carbon footprint blended with the introduction of government initiatives to encourage the adoption of heat pump units.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players acting in the Air Source Heat Pump Market:
• Carrier Corporation
• Thermea Group
• Daikin
• Bosch Thermotechnology, A. O
• Smith Corporation
• Mitsubishi Electric Corporation
• Toshiba
• Panasonic Corporation
• LG Electronics
• China Yangzi Group
Key questions answered by the report:
• What is the projected CAGR for the Air Source Heat Pump Market revenue during the forecast period?
• What would the market be valued at by 2028?
• What is a major driving factor for the growth of the market?
• Which region accounted for the largest revenue share in the Air Source Heat Pump Market?
• Which are the major market players?
Custom Research:
Stratview Research delivers custom research services across sectors. In case of any custom research requirements, please send your inquiry to sales@stratviewresearch.com. Or connect with our experts at +1-313-307-4176.
About Us
Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients insightful market data to aid strategic decision-making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
