According to 6Wresearch, India industrial heat pump market size is projected to grow at a CAGR of 13.6% during 2021-2027F. Moreover, industries are giving more emphasis on cost efficiency, energy efficiency and making efforts to reduce the carbon footprints which would propel the demand for industrial heat pumps in the coming years with the rising applications in several industries including pharmaceutical, chemical and food & beverage. However. on account of the outbreak of the Covid-19 pandemic, the industrial heat pump market in India saw a stark decline in the market revenues due to the closure of industries and supply chain disruptions caused by the lockdown. Despite the decline in market revenues during 2020, the market is anticipated to recover by 2021 and return to normal growth trajectory thereafter on account of several projects in the development pipeline such as the Atal Nagar Health ATMS project, Active Pharmaceutical Ingredients project, Dahej Hydrazine Hydrate project and several other projects in the chemical and pharmaceutical industry.
Key Highlights of the Report
- India Industrial Heat Pump Market Overview
- India Industrial Heat Pump Market Outlook
- India Industrial Heat Pump Market Forecast
- Market Drivers and Restraints
- India Industrial Heat Pump Market Trends
- Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
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