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Home> Latest News> From Innovation to Market Leadership: NEWNTIDE Ranked No. 1 in Inverter Heat Pump Sales in China by Frost & Sullivan

From Innovation to Market Leadership: NEWNTIDE Ranked No. 1 in Inverter Heat Pump Sales in China by Frost & Sullivan

August 13, 2024

Recently, Frost & Sullivan, a globally acclaimed market research authority, has unveiled its latest report, affirming NEWNTIDE's position as the top-selling brand in the Chinese professional inverter Air-to-Water Heat Pump market. This recognition further cements NEWNTIDE's role as a leader and dominant force in the Air Source Heat Pump industry.

Since the launch of its first inverter air source heat pump in 2012, NEWNTIDE has made a profound impact on the industry, capturing extensive media attention. As one of the pioneering adopters of inverter technology in air source heat pumps, NEWNTIDE has introduced a range of groundbreaking core technologies, heralding a new era in the sector. The accolade of "Top Sales for Inverter Heat Pumps" reflects NEWNTIDE's extensive achievements across technology, manufacturing, product innovation, service excellence, distribution channels, and branding.
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Top Selling Brand Certified by International Authority

With 63 years of consulting experience, Frost & Sullivan is a globally recognized market research and consulting firm, renowned for its high standards and international alignment. The certification from Frost & Sullivan signifies NEWNTIDE’s leading position in market share, reflecting its reputation as a high-quality, trustworthy, and high-value choice among consumers.

Yang Xiaoping, Managing Director of Frost & Sullivan Greater China, stated: "In July this year, we conducted a comprehensive survey of the air source heat pump market in mainland China, focusing on the inverter heat pump segment. We rigorously validated the information and viewpoints from each interviewee to ensure the accuracy and impartiality of our findings.”  With Frost & Sullivan’s recognition, NEWNTIDE confirms its strong market leadership and industry dominance.

Achievements Showcasing Market leadership

Since its founding in 2003, NEWNTIDE has been at the forefront of technological innovation and creativity, solidifying its leading position in the industry over the past 21 years. In every industry transformation, NEWNTIDE has consistently emerged as a pivotal leader:

· pioneering the application of DC inverter technology in air source heat pumps;

· achieving a groundbreaking milestone by deploying products in Antarctica;

· developing an extensive portfolio of five key applications spanning residential, commercial, industrial, and agricultural sectors;

· completing the world's largest ASHP heating project in Zhao County, Hebei, covering an impressive area of over 4 million square meters.

· being the only company in the industry with internationally recognized laboratories certified by CNAS, SGS, Intertek, and Kiwa.

· secured nearly 1100 patents and played a key role in shaping 66 industry and regional standards.

These trailblazing achievements are the cornerstone of NEWNTIDE’s competitive edge, propelling its sustained growth and establishing it as a true pioneer in the air source heat pump industry. To date, NEWNTIDE’s products are distributed across more than 80 countries on five continents, driving the global shift toward a zero-carbon economy.

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Enhancing Production Capabilities with Intelligence

As Zhao Misheng, Chairman of NEWNTIDE, emphasizes: “Air source heat pumps represent a more efficient and energy-saving solution, characterized by their energy efficiency, zero emissions, comfort, and intelligence. Compared to traditional electric heaters and gas boilers, heat pumps can achieve energy savings of over 75%. We are at the forefront of a burgeoning industry.”

To further enhance its competitive edge, NEWNTIDE has established three major smart manufacturing bases with two located in Guangzhou and one located in Heyuan city. As a pilot enterprise for 5G and industrial internet integration, NEWNTIDE has developed an MES 4.0 for its smart factory, incorporating advanced high-tech automation equipment and implementing a cutting-edge integrated manufacturing information management system. This initiative drives green and low-carbon manufacturing in China.

 

The new digital smart factory spans 200,000 square meters and is expected to be completed and operated by 2025. It integrates research, production, sales, and service to build up a high-standard modern industrial park with an annual production value exceeding 10 billion RMB. With an in-depth focus on enhancing the heat pump industry, NEWNTIDE is committed to improving quality through innovation, driving productivity with intelligence, and ensuring a superior quality of life for users worldwide.

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Advancing the Heat Pump Industry to New Heights

From being a "leading brand" to achieving "top sales," the certification by Frost & Sullivan marks a significant milestone in NEWNTIDE’s history. After 21 years of relentless progress, NEWNTIDE remains committed to its mission of making air source heat pumps a necessity for a better human life. Driven by cutting-edge technological innovation, our company is committed to fortifying its position as an industry leader. We are dedicated to steering high-quality development and championing the transition towards a greener, low-carbon future.

 

Data Source: Frost & Sullivan, based on 2023 national sales data for professional brands (those with over 50% market share in air source heat pumps), with research completed in August 2024.

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