According to the business intelligence report titled ‘Europe Industrial Heat Pump Market Size By Product, By Application (Chemical, Pulp & Paper, Food & Beverage, District Heating), Industry Analysis Report, Country Outlook, Application Potential, Competitive Market Share & Forecast, 2021 – 2027’, available with Market Study Report, Europe industrial heat pump market is speculated to witness significant growth between 2021-2027.
 

Increasing adoption of open cycle thermocompression heat pumps, rising efforts to decrease carbon footprint, and surging demand for energy efficient systems are key factors spurring Europe industrial heat pump market expansion.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3793254/
 

For the record, industrial heat pump is a heat-recovery equipment that increases the temperature of a waste-heat stream to a more useful level. The waste heat can then be used in HVAC sector instead of purchasing energy, which will reduce energy costs.
 

While widespread application in industrial processes and presence of many energy intensive industries will aid market augmentation, low investment cost for alternative technologies will act as a restraining factor.
 

Based on product gamut, Europe industrial heat pump market sphere is divided into open cycle mechanical vapor compression pump, closed cycle mechanical heat pump, closed cycle absorption heat pump, and open cycle thermocompression heat pump. Widespread application in food & beverage and pulp & paper sectors are poised to facilitate the growth of open cycle thermocompression heat pump segment.
 

Speaking of application scope, the industry is bifurcated into chemical, food & beverage, pulp & paper, distinct heating, and others. Among these, pulp & paper segment is estimated to proliferate between 2021-2027, owing to inclination towards adoption of heat pumps for energy-efficient operations. Meanwhile, rising investments in infrastructure development, and implementation of stringent emission standards are contributing to augmentation of others application segment share.
 

Geographically speaking, UK industrial heat pump business sphere is slated to expand through 2027, backed by presence of a large number of pulp & paper, food processing, and chemical industries which require a lot of energy. Meanwhile, surging demand for heat pumps due to rising awareness regarding pros of sustainable heating technologies will drive industry expansion in Spain between 2021-2027. 
 

Finland is projected to materialize as appealing growth avenue between 2021-2027, due to increasing demand for energy efficient heating technologies, and rising focus on decreasing carbon footprint. Efforts to optimize energy across manufacturing facilities will boost industrial heat pump adoption in Austria, thus contributing to its revenue. Speaking of Denmark, the proliferation of industrial sector will be favorable for heat pump manufacturers.
 

 Key players profiled in the report are Mayekawa Mfg Co. Ltd., Danfoss Group, Veismann Group, Glen Dimplex Home Appliances Limited, Bronswerk Group, Emerson Electric Co., DryFiciency, Turboden S.p.A, Thermax Limited, Hitema S.r.l, Piller Blowers & Compressors GmbH, Ochsner Energie Technik GmbH, ARANER, Oilon Group Oy, and GEA Group AG.