Heat Pump Market – Global Industry Analysis and Forecast (2024-2030)

The Heat Pump Market size was valued at USD 60.83 Billion in 2023 and the total Heat Pump Market size is expected to grow at a CAGR of 7.75% from 2024 to 2030, reaching nearly USD 102.58 Billion by 2030. Heat pumps are generally known as an important clean energy technology for the energy transition. In addition to being very effective, heat pumps also primarily rely on thermal energy from renewable sources rather than burning fossil fuels. 70-80% of the energy supplied by a typical heat pump is renewable since a large portion of the useable heat from a heat pump comes from unbounded environmental sources. On a global, regional, and national scale, heat pumps have consistently been recognized as a crucial, economically viable alternative for reducing the carbon emissions related to maintaining indoor temperatures. The rationale for electric heat pumps has been strengthened by the huge decrease in low-carbon electricity costs during the past ten years. Over the past couple of years, policy support for heat pumps as a necessary technology for heat decarbonization has increased in a number of different countries. In 2023, there were over 190 million heat pump systems in use in buildings worldwide. Most of the deployment of these heat pumps was in China (33%), followed by North America (23%) and Europe (12%). Over the past few years, the global stock of heat pumps has grown quite consistently, especially in the key heating markets of North America, Europe, and northern and eastern Asia. Sales of heat pumps had record-high growth in 2023, especially in Europe, China, and the United States. Despite supply chain issues, 2023 is also exhibiting early signs of robust growth. Energy security, in especially in the European Union, is a significant driver for heat pumps outside of climate goals, with increased policy emphasis in 2023. Reversible heat pumps are used to meet an increasing need for space cooling, which also contributes to the deployment.Heat Pump MarketTo know about the Research Methodology :- Request Free Sample Report

Heat Pump Market Dynamics:

Growing Need for Heat Pumps to Meet Energy Demand across the World Only about 10% of the world's building heating needs are still met by heat pumps, falling short of the deployment level needed to keep up with the Net Zero Emissions by 2050 Scenario. According to MMR analysis, the number of heat pumps worldwide is expected to reach 548 million by 2030, meeting at least 18.6% of the world's heating requirements. To reduce upfront purchase and installation costs, remove market barriers to complex renovations, improve energy performance and durability, and fully utilize the potential of heat pumps as a facilitator of power system integration and flexibility, more policy support and technical innovation are required. Growing Environmental Concerns across the World A promising approach for reducing greenhouse gas emissions is heat pump technology. An energy-efficient method of room heating is provided by heat pumps using geothermal and aerothermal technology. When utilized in heating, ventilation, and air conditioning (HVAC) systems, the heat pump is frequently recognized as a sustainable technology. Heat pumps are commonly used for space heating, cooling, and water heating in the residential, commercial, and industrial sectors. Huge thermal energy reserves exist in both the air and the ground. The development of renewable heating systems like heat pumps is greatly influenced by the growing awareness of global warming and the developing conscience that everyone needs to and/or is willing to contribute to a better environment. Actively increasing the replacement rate of heating systems is a crucial component of decarbonizing heat. If this happened, it is expected a huge rise in the number of heating systems being replaced, possibly reaching 11 million per year by 2030. Heat pumps use energy input, primarily electricity, to raise the temperature while extracting ambient heat from the air and low-temperature surfaces. The heat pump has the capacity to capture 77% of the energy in the air. Therefore, compared to other heat transfer methods, the usage of heat pumps can significantly reduce the consumption of fossil fuels, thereby reducing the carbon footprint. All sectors are installing more heat pumps as a result, which is boosting the market growth. Growing Policy Support for Heat Pumps to Meet Decarbonization Targets A number of heat pump market-supporting measures are now being established as a result of historically high energy prices and the expectation of forthcoming winter difficulties in the wake of Russia's invasion of Ukraine. Different grants, subsidies, and incentives have been created or increased in 2022 and 2023. For instance, the United States and France have provided several incentives to lower upfront costs and speed adoption.
Growing Policy Support for Heat Pumps to Meet Decarbonization Targets
Policy Country Year Status
Net Zero Strategy - Heat Pumps Ready Programme United Kindom 2022 Planned
Climate Innovation Research Opportunity investment program United States 2021 In Force
National Budget 2021 - Heat pumps Japan 2021 In Force
Federal Subsidy for Efficient Buildings (BEG) by KfW Germany 2021 Announced
Kyoto fund for energy efficiency of public buildings Italy 2021 In Force
Victorian Minimum Heating Rental Standards Australia 2021 In Force
Subsidy scheme to replace oil burners with heat pumps in buildings outside the district heating and gas grids Denmark 2020 In Force
Heat Pump Sales Reached a Record-High Level in 2022 Global sales of heat pumps increased by more than 13% in 2022. Sales in the European Union, where France, Italy, and Germany are the three biggest markets, increased by over 34% on an annual basis and reached 2.18 million units. The following most active markets for air-source heat pumps were China (13%), Japan (13%), and the United States (15%). With more than 60% of the global market share in 2022, air-source heat pumps dominated sales. For Instance, Ground-source heat pumps are more efficient at providing heating and cooling than air-source heat pumps, but due to their higher capital costs and the specialized installation skills and techniques needed, they account for a relatively small percentage of global sales—only about 2.5% of heat pumps installed in Europe. Heat Pump MarketIncreasing IoT and Other Advanced Technology Integration in Heat Pump Market Predictive maintenance, real-time monitoring, and remote component diagnostics are all made possible by IoT (Internet of Things) based heat pumps. Smart thermostats that communicate with their water heater equipment and help monitor environmental changes are a part of the Internet of Things-based heat pumps. Heat pumps are being adopted by end customers from various industries more frequently. The development of next-generation heat pumps has placed a high priority on automation and remote control. For Instance, in order to minimize electricity consumption by 25%, researchers at the Swiss Federal Institute of Technology Lausanne (EPFL) are utilizing AI to develop a compressor. In order to create equations for heat pump design charts based on the results of 500,000 simulations, the researchers used machine learning techniques. In order to save energy and improve efficiency, research is also being done worldwide to incorporate machine learning and artificial intelligence into heat pumps. To ensure simplicity of use and maintenance, the major industry players, including Panasonic and Samsung, are concentrating on combining several technologies into their heat pumps. As a result, these elements are expected to boost demand for heat pumps and produce profitable opportunities for market participants. Low Awareness and High Cost of Heat Pump Considering the capabilities of industrial heat pumps and the process is necessary for the integration of heat pumps into industrial processes. Only a small proportion of installers and industry decision-makers possess the combined expertise necessary to incorporate a heat pump in the most effective manner. Installations of the heat pumps are being delayed in Germany due to a shortage of knowledgeable and trained labor. The majority of companies have very little awareness of the heating and cooling requirements of their processes. Locate a heat pump integration possibility, it is expensive and time-consuming measurements. Generally, the business environment is constantly changing across the Word. The risk of new competitors entering the heat pump market is medium. The main participants initially demand a sizable capital expenditure for the needs of R&D and for the production of high-strength material. Additionally, they must adhere to protocols that match their requirements for their strength and oxidation resistance under high-temperature conditions. Given the huge potential for creating innovative heat pumps with high thermodynamic efficiency, heat pump manufacturers are anxious to contribute to the worldwide market share.

Heat Pump Market Segment Analysis:

By Type, the Heat Pump Market is segmented into Air-to-Air Heat Pump, Air-to-Water Heat Pump, Water Source Heat Pump, Ground Source Heat Pump, and Hybrid Heat Pump. Air-to-Air Heat Pump segment held the largest market share in 2023. These solutions are becoming more and more popular because they allow for both space heating and hot water supply. In addition, they can produce up to three times as much heat energy as electricity. Low installation costs, a high seasonal coefficient of performance, and improved performance are further advantages. Advanced air-source heat pumps have been made possible by technological advances in variable-speed blowers, coil design, thermostatic expansion valves, and electric motors. The Ground Source Heat Pump segment is expected to grow significantly through the forecast period. The ground source technology supplies constant and stable temperature regardless of the outside temperature conditions is a major driver of the segment's rising demand. Additionally, it has attributes like cheap running costs, reduced pollution due to renewable energy sources, and energy efficiency.Heat Pump Market1By End User, the Heat Pump Market is segmented into Residential, Commercial, and Industrial. The Residential segment held the largest market share accounting in 2023. Global demand for heat pumps has been greatly influenced by the increased need for hot water, space cooling, and space heating in the residential sector. During the forecast period, it is expected that the steadily growing global population and an increasing number of residential developments brought on by growing investments in urbanization have a major and favorable impact on the demand for heat pumps. Sales of heat pumps are expected to be driven by the rising demand for heat pumps used for affordable, environmentally friendly cooling and heating applications in the residential sector. The Industrial segment is expected to grow significantly through the forecast period. The necessity for sustainable heating solutions is expected to spread throughout the sector due to the existence of strict industrial emission requirements. Utilization of these systems will increase with new investments in growth projects and infrastructure renovations of already-existing industrial facilities.

Heat Pump Market Regional Insights:

Europe is expected to grow at a rapid rate through the forecast period. In the context of achieving net-zero climate goals, heat pumps have been cited by the International Energy Agency, and the UN Intergovernmental Panel on Climate Change as the primary heating solution for buildings. Politicians in the US even investigated whether manufacturing heat pumps and exporting them to Europe may help Europe gradually phase out Russian gas imports after Russia invaded Ukraine. Additionally, consumers are becoming more interested in heat pumps as an alternative to costly fossil fuels for heating. The Covid pandemic, which has made many people realise they need to improve their houses, advances in heat pump technology, and EU legislation driving governments to decarbonize the building industry. More recently, the horrible conflict between Russia and Ukraine has demonstrated the absurdity of our reliance on imported fossil fuels for heating. According to MMR analysis, France sold 400,000 heat pumps in 2020, made it the continent's largest market for heat pump sales. Italy and Germany come in second and third, with sales of more than 230,000 and 140,000. Heat pumps have experienced a few years of slow growth, but they now appear to be emulating the success of electric automobiles. Data for 2022 show that the heat pump market is performing at a record level, with double-digit growth in some nations. In 2022, the market in Europe grew by more than 34%, more than two million devices were sold in a single year. Particularly notable improvements were increases of more than 70% and 60% in Poland and Italy, respectively. Heat Pump MarketIn 2022, Asia Pacific dominated the market with the largest market share and it is expected that it would continue to do so during the forecast period. The region’s growth is attributed to the rising demand for energy-efficient heating solutions in the residential and commercial sectors along with the growing awareness about climate change and greenhouse gas emissions. In addition consumer demand for energy-efficient systems, government initiatives to promote emission reduction, and clean heating and cooling systems to adopt clean and sustainable technology are also driving the region’s growth. The Chinese heat pump market experienced a rebound in 2022 and grew buoyantly, rising by 12.6% annually to reach about 2.19 million units. The first half of 2022 saw a significant increase in demand for heat pumps in China compared to the same time of 2020 due to the full and prompt return to work and production following the first wave of the pandemic. However, the market as a whole contracted in the second half of 2022, impacted by the reappearance of diseases in some locations as well as real estate control policies.

Heat Pump Market Competitive Landscape

The Manufacturing of Heat Pumps is Being Increased by a Number of Firms, and New Approaches to Business are Emerging To keep up with the rising demand for heat pumps, manufacturers are increasing their production capacity. For instance, producers are expanding their ability to produce natural refrigerant heat pumps in the UK and air-to-water heat pumps in Western and Central European facilities. This year, plans for the construction of new manufacturing facilities, including those in Turkey and Poland, were announced to increase the capacity of heat pump production. Massive investment plans were also made public in 2022 with the aim of advancing green and heat pump technologies. However, the expected significant increase in heat pump sales may exceed the capacity of production. The German government has urged the heat pump industry to begin ramping up its production capacity in order to maintain local output. The private industry is also creating new business models in addition to increasing production. Since the beginning of 2022, heating-as-a-service has been available in Estonia. Similar to how consumer interest in this service is far beyond original estimates, heat pumps are also provided as a service in Germany and many other nations. Heat Pump MarketGiven the presence of several significant competitors, including Trane Inc., Midea Group, Panasonic Corporation, Mitsubishi Electric Corporation, and Daikin Industries Ltd., among others, the competitive rivalry in the market for heat pumps is intense. Companies are able to outperform other market participants thanks to their capacity to continuously develop their product offerings. Through mergers and acquisitions, R&D initiatives, and market growth, these companies have increased their market share. For instance, The new Vitocal 250-AH and Vitocal 250-SH hybrid heat pumps were introduced in May 2022 by Viessmann Werke GmbH & Company KG for property owners who want to drastically reduce their carbon footprint and rely on rising fuel prices but still want to keep their gas or oil heating systems. The new products can handle up to 85% of the annual heat output and offer a baseload heat supply.

Heat Pump Market EcosystemHeat Pump Market Ecosystem

Heat Pump Market Scope: Inquire before buying

Heat Pump Market
Report Coverage Details
Base Year: 2023 Forecast Period: 2024-2030
Historical Data: 2018 to 2023 Market Size in 2023: USD 60.83 Billion
Forecast Period 2024 to 2030 CAGR: 7.75% Market Size in 2030: USD 102.58 Billion
Segments Covered: by Type Air-to-Air Heat Pump Air-to-Water Heat Pump Water Source Heat Pump Ground Source Heat Pump Hybrid Heat Pump Others
by Capacity Up to 10 kW 10–20 kW 20–30 kW Above 30 kW
by End User Residential Commercial Industrial

Heat Pump Market, by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Heat Pump Market, Key Players are:

The Competitive Strategy in Heat Pump Industry competitive landscape dominated by leading manufacturing companies such as Rheem, Emerson Electric Co, and Daikin. These firms leverage strategic initiatives, including innovation in energy efficiency and smart technology integration, to strengthen their market position. Emerging players are also gaining traction by focusing on sustainable solutions and competitive pricing. The competitive strategy in this industry emphasizes partnerships and collaborations to enhance product offerings. As the demand for energy-efficient heating solutions grows, both established companies and new entrants are adapting to market trends to maintain their competitive edge. 1. Rheem 2. Emerson Electric Co 3. Lennox International 4. Carrier 5. Stiebel Eltron 6. GEA Group 7. Vissemann 8. NIBE 9. Glen Dimplex 10. Johnson Control 11. Trane Technologies 12. Danfoss 13. Midea 14. Samsung(South Korea) 15. Gaungzhou Sprsun New Energy Technology Development Co. Limited 16. Panasonic 17. Grundfos 18. Daikin 19. Hitachi 20. Mitsubishi Electric Corporation 21. Fujitsu General 22. LG Electronics 23. Thermax Limited 24. Vaillant Group 25. Ariston Thermo Group 26. Others Key Players

FAQs:

1. What was the Global Heat Pump Market size in 2023? Ans. The Global Heat Pump Market size was USD 60.83 Billion in 2023. 2. What is the major drivers for the Heat Pump market? Ans. The significance of heat pump technology to reducing carbon footprint and government regulations and incentives to improve energy efficiency are the factors propelling the growth of the heat pump industry. 3. What is the growth rate of the Heat Pump Market? Ans. The heat Pump Market is growing at a CAGR of 7.75% over forecast the period. 4. What is the market size of the Heat Pump Market by 2030? Ans. The market size of the Information Technology Market by 2030 is expected to reach at 102.58 Bn. 5. What is the forecast period for the Heat Pump Market? Ans. The forecast period for the heat pump Market is 2024-2030.
1. Heat Pump Market : Executive Summary 1. Executive Summary 1.1.1. Market Size (2023) & Forecast (2024-2030), 1.1.2. Market Size (Value and Volume) and Market Share (%) - By Segments, Regions and Country 2. Global Heat Pump Market: Competitive Landscape 2.1. Industry Ecosystem 2.2. MMR Competition Matrix 2.3. Key Players Benchmarking 2.3.1. Company Name 2.3.2. Product Segment 2.3.3. End-user Segment 2.3.4. Revenue (2023) 2.3.5. Company Locations 2.4. Market Structure 2.4.1. Market Leaders 2.4.2. Market Followers 2.4.3. Emerging Players 2.5. Mergers and Acquisitions Details 3. Market Dynamics 3.1. Market Trends 3.2. Market Dynamics 3.2.1 Drivers 3.2.2 Restraints 3.2.3 Opportunities 3.2.4 Challenges 3.3 PORTER’s Five Forces Analysis 3.4 PESTLE Analysis 3.5 Regulatory Landscape by Region 3.6 Key Opinion Leader Analysis For the Global Heat Pump Industry 3.7 Government schemes and initiatives for the Heat Pump Market 3.8 Technological Roadmap 3.9 Supply Chain Analysis 4. Price Trend Analysis of the Heat Pump (2022-2023) 5. Import- Export Analysis from 2018-2023 6 Heat Pump Market: Global Market Size and Forecast By Segmentation (By Value in USD) (2023-2030) 6.1 Heat Pump Market Size and Forecast, By Type (2023-2030) 6.1.1 Air-to-Air Heat Pump 6.1.2 Air-to-Water Heat Pump 6.1.3 Water Source Heat Pump 6.1.4 Ground Source Heat Pump 6.1.5 Hybrid Heat Pump 6.1.6 Others 6.2 Heat Pump Market Size and Forecast, By Capacity (2023-2030) 6.2.1 Up to 10 kW 6.2.2 10–20 kW 6.2.3 20–30 kW 6.2.4 Above 30 kW 6.3 Heat Pump Market Size and Forecast, By End User (2023-2030) 6.3.1 Residential 6.3.2 Commercial 6.3.3 Industrial 6.4 Heat Pump Market Size and Forecast, By Region(2023-2030) 6.4.1 North America 6.4.2 Europe 6.4.3 Asia Pacific 6.4.4 South America 6.4.5 MEA 7 . North America Heat Pump Market Size and Forecast By Segmentation (By Value in USD) (2023-2030) 7.1 North America Heat Pump Market Size and Forecast, By Type (2023-2030) 7.1.1 Air-to-Air Heat Pump 7.1.2 Air-to-Water Heat Pump 7.1.3 Water Source Heat Pump 7.1.4 Ground Source Heat Pump 7.1.5 Hybrid Heat Pump 7.1.6 Others 7.2 North America Heat Pump Market Size and Forecast, By Capacity (2023-2030) 7.2.1 Up to 10 kW 7.2.2 10–20 kW 7.2.3 20–30 kW 7.2.4 Above 30 kW 7.3 North America Heat Pump Market Size and Forecast, By End User (2023-2030) 7.3.1 Residential 7.3.2 Commercial 7.3.3 Industrial 7.4 North America Heat Pump Market Size and Forecast, By Country (2023-2030) 7.4.1 United States 7.4.1.1 United States Heat Pump Market Size and Forecast, By Type (2023-2030) 7.4.1.1.1 Air-to-Air Heat Pump 7.4.1.1.2 Air-to-Water Heat Pump 7.4.1.1.3 Water Source Heat Pump 7.4.1.1.4 Ground Source Heat Pump 7.4.1.1.5 Hybrid Heat Pump 7.4.1.1.6 Others 7.4.1.2 United States Heat Pump Market Size and Forecast, By Capacity (2023-2030) 7.4.1.2.1 Up to 10 kW 7.4.1.2.2 10–20 kW 7.4.1.2.3 20–30 kW 7.4.1.2.4 Above 30 kW 7.4.1.3 United States Heat Pump Market Size and Forecast, By End User (2023-2030) 7.4.1.3.1 Residential 7.4.1.3.2 Commercial 7.4.1.3.3 Industrial 7.4.2 Canada 7.4.2.1 Canada Heat Pump Market Size and Forecast, By Type (2023-2030) 7.4.2.1.1 Air-to-Air Heat Pump 7.4.2.1.2 Air-to-Water Heat Pump 7.4.2.1.3 Water Source Heat Pump 7.4.2.1.4 Ground Source Heat Pump 7.4.2.1.5 Hybrid Heat Pump 7.4.2.1.6 Others 7.4.2.2 Canada Heat Pump Market Size and Forecast, By Capacity (2023-2030) 7.4.2.2.1 Up to 10 kW 7.4.2.2.2 10–20 kW 7.4.2.2.3 20–30 kW 7.4.2.2.4 Above 30 kW 7.4.2.3 Canada Heat Pump Market Size and Forecast, By End User (2023-2030) 7.4.2.3.1 Residential 7.4.2.3.2 Commercial 7.4.2.3.3 Industrial 7.4.3 Mexico 7.4.3.1 Mexico Heat Pump Market Size and Forecast, By Type (2023-2030) 7.4.3.1.1 Air-to-Air Heat Pump 7.4.3.1.2 Air-to-Water Heat Pump 7.4.3.1.3 Water Source Heat Pump 7.4.3.1.4 Ground Source Heat Pump 7.4.3.1.5 Hybrid Heat Pump 7.4.3.1.6 Others 7.4.3.2 Mexico Heat Pump Market Size and Forecast, By Capacity (2023-2030) 7.4.3.2.1 Up to 10 kW 7.4.3.2.2 10–20 kW 7.4.3.2.3 20–30 kW 7.4.3.2.4 Above 30 kW 7.4.3.3 Mexico Heat Pump Market Size and Forecast, By End User (2023-2030) 7.4.3.3.1 Residential 7.4.3.3.2 Commercial 7.4.3.3.3 Industrial 8 Europe Heat Pump Market Size and Forecast By Segmentation (By Value in USD) (2023-2030) 8.1 Europe Heat Pump Market Size and Forecast, By Type (2023-2030) 8.2 Europe Heat Pump Market Size and Forecast, By Capacity (2023-2030) 8.3 Europe Heat Pump Market Size and Forecast, By End User (2023-2030) 8.4 Europe Heat Pump Market Size and Forecast, By Country (2023-2030) 8.4.1 United Kingdom 8.4.1.1 United Kingdom Heat Pump Market Size and Forecast, By Type (2023-2030) 8.4.1.2 United Kingdom Heat Pump Market Size and Forecast, By Capacity (2023-2030) 8.4.1.3 United Kingdom Heat Pump Market Size and Forecast, By End User (2023-2030) 8.4.2 France 8.4.2.1 France Heat Pump Market Size and Forecast, By Type (2023-2030) 8.4.2.2 France Heat Pump Market Size and Forecast, By Capacity (2023-2030) 8.4.2.3 France Heat Pump Market Size and Forecast, By End User (2023-2030) 8.4.3 Germany 8.4.3.1 Germany Heat Pump Market Size and Forecast, By Type (2023-2030) 8.4.3.2 Germany Heat Pump Market Size and Forecast, By Capacity (2023-2030) 8.4.3.3 Germany Heat Pump Market Size and Forecast, By End User (2023-2030) 8.4.4 Italy 8.4.4.1 Italy Heat Pump Market Size and Forecast, By Type (2023-2030) 8.4.4.2 Italy Heat Pump Market Size and Forecast, By Capacity (2023-2030) 8.4.4.3 Italy Heat Pump Market Size and Forecast, By End User (2023-2030) 8.4.5 Spain 8.4.5.1 Spain Heat Pump Market Size and Forecast, By Type (2023-2030) 8.4.5.2 Spain Heat Pump Market Size and Forecast, By Capacity (2023-2030) 8.4.5.3 Spain Heat Pump Market Size and Forecast, By End User (2023-2030) 8.4.6 Sweden 8.4.6.1 Sweden Heat Pump Market Size and Forecast, By Type (2023-2030) 8.4.6.2 Sweden Heat Pump Market Size and Forecast, By Capacity (2023-2030) 8.4.6.3 Sweden Heat Pump Market Size and Forecast, By End User (2023-2030) 8.4.7 Austria 8.4.7.1 Austria Heat Pump Market Size and Forecast, By Type (2023-2030) 8.4.7.2 Austria Heat Pump Market Size and Forecast, By Capacity (2023-2030) 8.4.7.3 Austria Heat Pump Market Size and Forecast, By End User (2023-2030) 8.4.8 Rest of Europe 8.4.8.1 Rest of Europe Heat Pump Market Size and Forecast, By Type (2023-2030) 8.4.8.2 Rest of Europe Heat Pump Market Size and Forecast, By Capacity (2023-2030) 8.4.8.3 Rest of Europe Heat Pump Market Size and Forecast, By End User (2023-2030) 9 Asia Pacific Heat Pump Market Size and Forecast By Segmentation (By Value in USD) (2023-2030) 9.1 Asia Pacific Heat Pump Market Size and Forecast, By Type (2023-2030) 9.2 Asia Pacific Heat Pump Market Size and Forecast, By Capacity (2023-2030) 9.3 Asia Pacific Heat Pump Market Size and Forecast, By End User (2023-2030) 9.4 Asia Pacific Heat Pump Market Size and Forecast, By Country (2023-2030) 9.4.1 China 9.4.1.1 China Heat Pump Market Size and Forecast, By Type (2023-2030) 9.4.1.2 China Heat Pump Market Size and Forecast, By Capacity (2023-2030) 9.4.1.3 China Heat Pump Market Size and Forecast, By End User (2023-2030) 9.4.2 S Korea 9.4.2.1 S Korea Heat Pump Market Size and Forecast, By Type (2023-2030) 9.4.2.2 S Korea Heat Pump Market Size and Forecast, By Capacity (2023-2030) 9.4.2.3 S Korea Heat Pump Market Size and Forecast, By End User (2023-2030) 9.4.3 Japan 9.4.3.1 Japan Heat Pump Market Size and Forecast, By Type (2023-2030) 9.4.3.2 Japan Heat Pump Market Size and Forecast, By Capacity (2023-2030) 9.4.3.3 Japan Heat Pump Market Size and Forecast, By End User (2023-2030) 9.4.4 India 9.4.4.1 India Heat Pump Market Size and Forecast, By Type (2023-2030) 9.4.4.2 India Heat Pump Market Size and Forecast, By Capacity (2023-2030) 9.4.4.3 India Heat Pump Market Size and Forecast, By End User (2023-2030) 9.4.5 Australia 9.4.5.1 Australia Heat Pump Market Size and Forecast, By Type (2023-2030) 9.4.5.2 Australia Heat Pump Market Size and Forecast, By Capacity (2023-2030) 9.4.5.3 Australia Heat Pump Market Size and Forecast, By End User (2023-2030) 9.4.6 Malaysia 9.4.6.1 Malaysia Heat Pump Market Size and Forecast, By Type (2023-2030) 9.4.6.2 Malaysia Heat Pump Market Size and Forecast, By Capacity (2023-2030) 9.4.6.3 Malaysia Heat Pump Market Size and Forecast, By End User (2023-2030) 9.4.7 Vietnam 9.4.7.1 Vietnam Heat Pump Market Size and Forecast, By Type (2023-2030) 9.4.7.2 Vietnam Heat Pump Market Size and Forecast, By Capacity (2023-2030) 9.4.7.3 Vietnam Heat Pump Market Size and Forecast, By End User (2023-2030) 9.4.8 Thailand 9.4.8.1 Thailand Heat Pump Market Size and Forecast, By Type (2023-2030) 9.4.8.2 Thailand Heat Pump Market Size and Forecast, By Capacity (2023-2030) 9.4.8.3 Thailand Heat Pump Market Size and Forecast, By End User (2023-2030) 9.4.9 Indonesia 9.4.9.1 Indonesia Heat Pump Market Size and Forecast, By Type (2023-2030) 9.4.9.2 Indonesia Heat Pump Market Size and Forecast, By Capacity (2023-2030) 9.4.9.3 Indonesia Heat Pump Market Size and Forecast, By End User (2023-2030) 9.4.10 Philippines 9.4.10.1 Philippines Heat Pump Market Size and Forecast, By Type (2023-2030) 9.4.10.2 Philippines Heat Pump Market Size and Forecast, By Capacity (2023-2030) 9.4.10.3 Philippines Heat Pump Market Size and Forecast, By End User (2023-2030) 9.4.11 Rest of Asia Pacific 9.4.11.1 Rest of Asia Pacific Heat Pump Market Size and Forecast, By Type (2023-2030) 9.4.11.2 Rest of Asia Pacific Heat Pump Market Size and Forecast, By Capacity (2023-2030) 9.4.11.3 Rest of Asia Pacific Heat Pump Market Size and Forecast, By End User (2023-2030) 10 South America Heat Pump Market Size and Forecast By Segmentation (By Value in USD) (2023-2030) 10.1 South America Heat Pump Market Size and Forecast, By Type (2023-2030) 10.2 South America Heat Pump Market Size and Forecast, By Capacity (2023-2030) 10.3 South America Heat Pump Market Size and Forecast, By End User (2023-2030) 10.4 South America Heat Pump Market Size and Forecast, By Country (2023-2030) 10.4.1 Brazil 10.4.1.1 Brazil Heat Pump Market Size and Forecast, By Type (2023-2030) 10.4.1.2 Brazil Heat Pump Market Size and Forecast, By Capacity (2023-2030) 10.4.1.3 Brazil Heat Pump Market Size and Forecast, By End User (2023-2030) 10.4.2 Argentina 10.4.2.1 Argentina Heat Pump Market Size and Forecast, By Type (2023-2030) 10.4.2.2 Argentina Heat Pump Market Size and Forecast, By Capacity (2023-2030) 10.4.2.3 Argentina Heat Pump Market Size and Forecast, By End User (2023-2030) 10.4.3 Colombia 10.4.3.1 Colombia Heat Pump Market Size and Forecast, By Type (2023-2030) 10.4.3.2 Colombia Heat Pump Market Size and Forecast, By Capacity (2023-2030) 10.4.3.3 Colombia Heat Pump Market Size and Forecast, By End User (2023-2030) 10.4.4 Chile 10.4.4.1 Chile Heat Pump Market Size and Forecast, By Type (2023-2030) 10.4.4.2 Chile Heat Pump Market Size and Forecast, By Capacity (2023-2030) 10.4.4.3 Chile Heat Pump Market Size and Forecast, By End User (2023-2030) 10.4.5 Peru 10.4.5.1 Peru Heat Pump Market Size and Forecast, By Type (2023-2030) 10.4.5.2 Peru Heat Pump Market Size and Forecast, By Capacity (2023-2030) 10.4.5.3 Peru Heat Pump Market Size and Forecast, By End User (2023-2030) 10.4.6 Rest Of South America 10.4.6.1 Rest Of South America Heat Pump Market Size and Forecast, By Type (2023-2030) 10.4.6.2 Rest Of South America Heat Pump Market Size and Forecast, By Capacity (2023-2030) 10.4.6.3 Rest Of South America Heat Pump Market Size and Forecast, By End User (2023-2030) 11 Middle East and Africa Heat Pump Market Size and Forecast By Segmentation (By Value in USD) (2023-2030) 11.1 Middle East and Africa Heat Pump Market Size and Forecast, By Type (2023-2030) 11.2 Middle East and Africa Heat Pump Market Size and Forecast, By Capacity (2023-2030) 11.3 Middle East and Africa Heat Pump Market Size and Forecast, By End User (2023-2030) 11.4 Middle East and Africa Heat Pump Market Size and Forecast, By Country (2023-2030) 11.4.1 South Africa 11.4.1.1 South Africa Heat Pump Market Size and Forecast, By Type (2023-2030) 11.4.1.2 South Africa Heat Pump Market Size and Forecast, By Capacity (2023-2030) 11.4.1.3 South Africa Heat Pump Market Size and Forecast, By End User (2023-2030) 11.4.2 GCC 11.4.2.1 GCC Heat Pump Market Size and Forecast, By Type (2023-2030) 11.4.2.2 GCC Heat Pump Market Size and Forecast, By Capacity (2023-2030) 11.4.2.3 GCC Heat Pump Market Size and Forecast, By End User (2023-2030) 11.4.3 Nigeria 11.4.3.1 Nigeria Heat Pump Market Size and Forecast, By Type (2023-2030) 11.4.3.2 Nigeria Heat Pump Market Size and Forecast, By Capacity (2023-2030) 11.4.3.3 Nigeria Heat Pump Market Size and Forecast, By End User (2023-2030) 11.4.4 Egypt 11.4.4.1 Egypt Heat Pump Market Size and Forecast, By Type (2023-2030) 11.4.4.2 Egypt Heat Pump Market Size and Forecast, By Capacity (2023-2030) 11.4.4.3 Egypt Heat Pump Market Size and Forecast, By End User (2023-2030) 11.4.5 Turkey 11.4.5.1 Turkey Heat Pump Market Size and Forecast, By Type (2023-2030) 11.4.5.2 Turkey Heat Pump Market Size and Forecast, By Capacity (2023-2030) 11.4.5.3 Turkey Heat Pump Market Size and Forecast, By End User (2023-2030) 11.4.6 Rest Of MEA 11.4.6.1 Rest Of MEA Heat Pump Market Size and Forecast, By Type (2023-2030) 11.4.6.2 Rest Of MEA Heat Pump Market Size and Forecast, By Capacity (2023-2030) 11.4.6.3 Rest Of MEA Heat Pump Market Size and Forecast, By End User (2023-2030) 12 Company Profile: Key Players 12.1 Rheem 12.1.1 Company Overview 12.1.2 Business Portfolio 12.1.3 Financial Overview 12.1.4 SWOT Analysis (Technological strengths and weaknesses) 12.1.5 Strategic Analysis (Recent strategic moves) 12.1.6 Recent Developments 12.2 Emerson Electric Co 12.3 Lennox International 12.4 Carrier 12.5 Stiebel Eltron 12.6 GEA Group 12.7 Vissemann 12.8 NIBE 12.9 Glen Dimplex 12.10 Johnson Control 12.11 Trane Technologies 12.12 Danfoss 12.13 Midea 12.14 Samsung(South Korea) 12.15 Gaungzhou Sprsun New Energy Technology Development Co. Limited 12.16 Panasonic 12.17 Grundfos 12.18 Daikin 12.19 Hitachi 12.20 Mitsubishi Electric Corporation 12.21 Fujitsu General 12.22 LG Electronics 12.23 Thermax Limited 12.24 Vaillant Group 12.25 Ariston Thermo Group 12.26 Others Key Players 13 Key Findings 14 Analyst Recommendations 15 Heat Pump Market – Research Methodology
  • INQUIRE BEFORE BUYING
MMRLogo
America's Fastest Growing Market Research Firm