The global heat pump market size is expected to reach around US$ 139.4 billion by 2030 from US$ 70.35 billion in 2021 and is expected to grow at an impressive double-digit rate of 7.9% from 2022 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global heat pump market for the period 2017-2030, wherein 2022 to 2030 is the forecast period and 2021 is considered as the base year.
Market Coverage:
- The report defines, describes, and forecasts the heat pumps market, by technology, application, rated capacity, refrigerant, and region. It also offers a detailed qualitative and quantitative analysis of the market.
- The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges.
- It also covers various important aspects of the market.These include the analysis of the
competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the heat pumps market.
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- Updated Report Includes Major Market Players with their Sales Volume, Business Strategy and Revenue Analysis by using Precedence Research methodology.
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Research Methodology
A unique research methodology has been utilized to conduct comprehensive research on the growth of the global heat pump market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the draw conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global heat pump market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.
Why should you invest in this report?
If you are aiming to enter the global heat pump market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for heat pump are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Some of the prominent players in the global heat pump market include:
- Daikin Industries Ltd.
- Glen Dimplex Group
- Ingersoll Rand Plc
- Melrose Industries PLC
- Mitsubishi Electric Corporation
- NIBE Industrier AB
- StiebelEltron
- Vaillant Group
- ViessmannWerke GmbH & Co. KG
- Panasonic Corporation
Market Segmentation:
By Technology
- Water Source
- Air Source
- Ground Source
- Hybrid Heat Pump
By Application
- Industrial
- Commercial
- Educational Institutes
- Healthcare
- Retail
- Logistics & Transportation
- Offices
- Hospitality
- Residential
- Single Family
- Multi Family
By Rated Capacity
- Up to 10 kW
- 10 – 20 kW
- 20 – 30 kW
- Above 30 kW
By Refrigerant
- R410A
- R407C
- R744
- Others
Regional Analysis:
The geographical analysis of the global heat pump market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global heat pump Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global heat pump market in 2030?
- What is the expected CAGR for the heat pump market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global heat pump market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Heat Pump Market
5.1. COVID-19 Landscape: Heat Pump Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Heat Pump Market, By Technology
8.1. Heat Pump Market, by Technology Type, 2022-2030
8.1.1. Water Source
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Air Source
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Hybrid Heat Pump
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Ground Source
8.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Heat Pump Market, By Application
9.1. Heat Pump Market, by Application, 2022-2030
9.1.1. Industrial
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Commercial
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Residential
9.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Heat Pump Market, By Rated Capacity
10.1. Heat Pump Market, by Rated Capacity Type, 2022-2030
10.1.1. Up to 10 kW
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. 10 – 20 kW
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. 20 – 30 kW
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Above 30 kW
10.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Heat Pump Market, By Refrigerant Type
11.1. Heat Pump Market, by Refrigerant Type, 2022-2030
11.1.1. R410A
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. R407C
11.1.2.1. Market Revenue and Forecast (2017-2030)
11.1.3. R744
11.1.3.1. Market Revenue and Forecast (2017-2030)
11.1.4. Others
11.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Heat Pump Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Technology (2017-2030)
12.1.2. Market Revenue and Forecast, by Application (2017-2030)
12.1.3. Market Revenue and Forecast, by Rated Capacity Type (2017-2030)
12.1.4. Market Revenue and Forecast, by Refrigerant Type (2017-2030)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Technology (2017-2030)
12.1.5.2. Market Revenue and Forecast, by Application (2017-2030)
12.1.5.3. Market Revenue and Forecast, by Rated Capacity Type (2017-2030)
12.1.5.4. Market Revenue and Forecast, by Refrigerant Type (2017-2030)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Technology (2017-2030)
12.1.6.2. Market Revenue and Forecast, by Application (2017-2030)
12.1.6.3. Market Revenue and Forecast, by Rated Capacity Type (2017-2030)
12.1.6.4. Market Revenue and Forecast, by Refrigerant Type (2017-2030)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Technology (2017-2030)
12.2.2. Market Revenue and Forecast, by Application (2017-2030)
12.2.3. Market Revenue and Forecast, by Rated Capacity Type (2017-2030)
12.2.4. Market Revenue and Forecast, by Refrigerant Type (2017-2030)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Technology (2017-2030)
12.2.5.2. Market Revenue and Forecast, by Application (2017-2030)
12.2.5.3. Market Revenue and Forecast, by Rated Capacity Type (2017-2030)
12.2.5.4. Market Revenue and Forecast, by Refrigerant Type (2017-2030)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Technology (2017-2030)
12.2.6.2. Market Revenue and Forecast, by Application (2017-2030)
12.2.6.3. Market Revenue and Forecast, by Rated Capacity Type (2017-2030)
12.2.6.4. Market Revenue and Forecast, by Refrigerant Type (2017-2030)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Technology (2017-2030)
12.2.7.2. Market Revenue and Forecast, by Application (2017-2030)
12.2.7.3. Market Revenue and Forecast, by Rated Capacity Type (2017-2030)
12.2.7.4. Market Revenue and Forecast, by Refrigerant Type (2017-2030)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Technology (2017-2030)
12.2.8.2. Market Revenue and Forecast, by Application (2017-2030)
12.2.8.3. Market Revenue and Forecast, by Rated Capacity Type (2017-2030)
12.2.8.4. Market Revenue and Forecast, by Refrigerant Type (2017-2030)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Technology (2017-2030)
12.3.2. Market Revenue and Forecast, by Application (2017-2030)
12.3.3. Market Revenue and Forecast, by Rated Capacity Type (2017-2030)
12.3.4. Market Revenue and Forecast, by Refrigerant Type (2017-2030)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Technology (2017-2030)
12.3.5.2. Market Revenue and Forecast, by Application (2017-2030)
12.3.5.3. Market Revenue and Forecast, by Rated Capacity Type (2017-2030)
12.3.5.4. Market Revenue and Forecast, by Refrigerant Type (2017-2030)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Technology (2017-2030)
12.3.6.2. Market Revenue and Forecast, by Application (2017-2030)
12.3.6.3. Market Revenue and Forecast, by Rated Capacity Type (2017-2030)
12.3.6.4. Market Revenue and Forecast, by Refrigerant Type (2017-2030)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Technology (2017-2030)
12.3.7.2. Market Revenue and Forecast, by Application (2017-2030)
12.3.7.3. Market Revenue and Forecast, by Rated Capacity Type (2017-2030)
12.3.7.4. Market Revenue and Forecast, by Refrigerant Type (2017-2030)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Technology (2017-2030)
12.3.8.2. Market Revenue and Forecast, by Application (2017-2030)
12.3.8.3. Market Revenue and Forecast, by Rated Capacity Type (2017-2030)
12.3.8.4. Market Revenue and Forecast, by Refrigerant Type (2017-2030)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Technology (2017-2030)
12.4.2. Market Revenue and Forecast, by Application (2017-2030)
12.4.3. Market Revenue and Forecast, by Rated Capacity Type (2017-2030)
12.4.4. Market Revenue and Forecast, by Refrigerant Type (2017-2030)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Technology (2017-2030)
12.4.5.2. Market Revenue and Forecast, by Application (2017-2030)
12.4.5.3. Market Revenue and Forecast, by Rated Capacity Type (2017-2030)
12.4.5.4. Market Revenue and Forecast, by Refrigerant Type (2017-2030)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Technology (2017-2030)
12.4.6.2. Market Revenue and Forecast, by Application (2017-2030)
12.4.6.3. Market Revenue and Forecast, by Rated Capacity Type (2017-2030)
12.4.6.4. Market Revenue and Forecast, by Refrigerant Type (2017-2030)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Technology (2017-2030)
12.4.7.2. Market Revenue and Forecast, by Application (2017-2030)
12.4.7.3. Market Revenue and Forecast, by Rated Capacity Type (2017-2030)
12.4.7.4. Market Revenue and Forecast, by Refrigerant Type (2017-2030)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Technology (2017-2030)
12.4.8.2. Market Revenue and Forecast, by Application (2017-2030)
12.4.8.3. Market Revenue and Forecast, by Rated Capacity Type (2017-2030)
12.4.8.4. Market Revenue and Forecast, by Refrigerant Type (2017-2030)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Technology (2017-2030)
12.5.2. Market Revenue and Forecast, by Application (2017-2030)
12.5.3. Market Revenue and Forecast, by Rated Capacity Type (2017-2030)
12.5.4. Market Revenue and Forecast, by Refrigerant Type (2017-2030)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Technology (2017-2030)
12.5.5.2. Market Revenue and Forecast, by Application (2017-2030)
12.5.5.3. Market Revenue and Forecast, by Rated Capacity Type (2017-2030)
12.5.5.4. Market Revenue and Forecast, by Refrigerant Type (2017-2030)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Technology (2017-2030)
12.5.6.2. Market Revenue and Forecast, by Application (2017-2030)
12.5.6.3. Market Revenue and Forecast, by Rated Capacity Type (2017-2030)
12.5.6.4. Market Revenue and Forecast, by Refrigerant Type (2017-2030)
Chapter 13. Company Profiles
13.1. Daikin Industries Ltd.
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Glen Dimplex Group
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Ingersoll Rand Plc
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Melrose Industries PLC
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Mitsubishi Electric Corporation
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. NIBE Industrier AB
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. StiebelEltron
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Vaillant Group
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. ViessmannWerke GmbH & Co. KG
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Panasonic Corporation
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
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