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Heat Pump-Global Market Insights and Sales Trends 2024
Synopsis
The device used to pull heat from a lower temperature zone and deliver it to a higher temperature zone is known as a heat pump. These heat pumps use refrigerant in closed or open cycle, which acts as an intermediate medium of heat exchange between source and destination. Heat pumps are of various types such as working on the basis of heat source, air source, water source, ground source, and hybrid.
The global Heat Pump market size is expected to reach US$ 10540 million by 2029, growing at a CAGR of 5.4% from 2023 to 2029. The market is mainly driven by the significant applications of Heat Pump in various end use industries. The expanding demands from the Residential, Commercial and Industrial,, are propelling Heat Pump market. Air-to-Air, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Air-to-Water segment is estimated at % CAGR for the next seven-year period.
Growth of the construction industry along with increasing implementation of stringent new building regulations by governments worldwide, especially in China, Japan, U.S., South Korea, and Europe are expected to be the key factors driving demand for heat pumps for residential applications. In countries such as Japan, Australia, U.S., and countries of Europe, governments are providing subsidies on purchase of heat pumps in order to reduce their carbon footprint and increase use of renewable sources of energy for heating and cooling purposes. Also, certain countries like Japan and China have their own renewable energy policies for heating purposes, which promote the use of heat pumps over conventional heating devices.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Heat Pump, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Heat Pump market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Heat Pump market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Heat Pump sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Heat Pump covered in this report include Carrier Corporation, Daikin, Danfoss, Mitsubishi Electric, NIBE, Airwell, BDR Thermea, Bryant Heating & Cooling and Emerson Climate Technologies, etc.
The global Heat Pump market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Carrier Corporation
Daikin
Danfoss
Mitsubishi Electric
NIBE
Airwell
BDR Thermea
Bryant Heating & Cooling
Emerson Climate Technologies
Enertech
Global Heat Pump market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Heat Pump market, Segment by Type:
Air-to-Air
Air-to-Water
Global Heat Pump market, by Application
Residential
Commercial
Industrial
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Heat Pump manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Heat Pump in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
The device used to pull heat from a lower temperature zone and deliver it to a higher temperature zone is known as a heat pump. These heat pumps use refrigerant in closed or open cycle, which acts as an intermediate medium of heat exchange between source and destination. Heat pumps are of various types such as working on the basis of heat source, air source, water source, ground source, and hybrid.
The global Heat Pump market size is expected to reach US$ 10540 million by 2029, growing at a CAGR of 5.4% from 2023 to 2029. The market is mainly driven by the significant applications of Heat Pump in various end use industries. The expanding demands from the Residential, Commercial and Industrial,, are propelling Heat Pump market. Air-to-Air, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Air-to-Water segment is estimated at % CAGR for the next seven-year period.
Growth of the construction industry along with increasing implementation of stringent new building regulations by governments worldwide, especially in China, Japan, U.S., South Korea, and Europe are expected to be the key factors driving demand for heat pumps for residential applications. In countries such as Japan, Australia, U.S., and countries of Europe, governments are providing subsidies on purchase of heat pumps in order to reduce their carbon footprint and increase use of renewable sources of energy for heating and cooling purposes. Also, certain countries like Japan and China have their own renewable energy policies for heating purposes, which promote the use of heat pumps over conventional heating devices.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Heat Pump, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Heat Pump market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Heat Pump market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Heat Pump sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Heat Pump covered in this report include Carrier Corporation, Daikin, Danfoss, Mitsubishi Electric, NIBE, Airwell, BDR Thermea, Bryant Heating & Cooling and Emerson Climate Technologies, etc.
The global Heat Pump market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Carrier Corporation
Daikin
Danfoss
Mitsubishi Electric
NIBE
Airwell
BDR Thermea
Bryant Heating & Cooling
Emerson Climate Technologies
Enertech
Global Heat Pump market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Heat Pump market, Segment by Type:
Air-to-Air
Air-to-Water
Global Heat Pump market, by Application
Residential
Commercial
Industrial
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Heat Pump manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Heat Pump in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Heat Pump Market Overview
1.1 Heat Pump Product Overview
1.2 Heat Pump Market Segment by Type
1.2.1 Air-to-Air
1.2.2 Air-to-Water
1.3 Global Heat Pump Market Size by Type
1.3.1 Global Heat Pump Market Size Overview by Type (2018-2029)
1.3.2 Global Heat Pump Historic Market Size Review by Type (2018-2023)
1.3.3 Global Heat Pump Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Heat Pump Sales Breakdown by Type (2018-2023)
1.4.2 Europe Heat Pump Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Heat Pump Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Heat Pump Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Heat Pump Sales Breakdown by Type (2018-2023)
2 Global Heat Pump Market Competition by Company
2.1 Global Top Players by Heat Pump Sales (2018-2023)
2.2 Global Top Players by Heat Pump Revenue (2018-2023)
2.3 Global Top Players by Heat Pump Price (2018-2023)
2.4 Global Top Manufacturers Heat Pump Manufacturing Base Distribution, Sales Area, Product Type
2.5 Heat Pump Market Competitive Situation and Trends
2.5.1 Heat Pump Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Heat Pump Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Heat Pump as of 2022)
2.7 Date of Key Manufacturers Enter into Heat Pump Market
2.8 Key Manufacturers Heat Pump Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Heat Pump Status and Outlook by Region
3.1 Global Heat Pump Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Heat Pump Historic Market Size by Region
3.2.1 Global Heat Pump Sales in Volume by Region (2018-2023)
3.2.2 Global Heat Pump Sales in Value by Region (2018-2023)
3.2.3 Global Heat Pump Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Heat Pump Forecasted Market Size by Region
3.3.1 Global Heat Pump Sales in Volume by Region (2024-2029)
3.3.2 Global Heat Pump Sales in Value by Region (2024-2029)
3.3.3 Global Heat Pump Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Heat Pump by Application
4.1 Heat Pump Market Segment by Application
4.1.1 Residential
4.1.2 Commercial
4.1.3 Industrial
4.2 Global Heat Pump Market Size by Application
4.2.1 Global Heat Pump Market Size Overview by Application (2018-2029)
4.2.2 Global Heat Pump Historic Market Size Review by Application (2018-2023)
4.2.3 Global Heat Pump Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Heat Pump Sales Breakdown by Application (2018-2023)
4.3.2 Europe Heat Pump Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Heat Pump Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Heat Pump Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Heat Pump Sales Breakdown by Application (2018-2023)
5 North America Heat Pump by Country
5.1 North America Heat Pump Historic Market Size by Country
5.1.1 North America Heat Pump Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Heat Pump Sales in Volume by Country (2018-2023)
5.1.3 North America Heat Pump Sales in Value by Country (2018-2023)
5.2 North America Heat Pump Forecasted Market Size by Country
5.2.1 North America Heat Pump Sales in Volume by Country (2024-2029)
5.2.2 North America Heat Pump Sales in Value by Country (2024-2029)
6 Europe Heat Pump by Country
6.1 Europe Heat Pump Historic Market Size by Country
6.1.1 Europe Heat Pump Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Heat Pump Sales in Volume by Country (2018-2023)
6.1.3 Europe Heat Pump Sales in Value by Country (2018-2023)
6.2 Europe Heat Pump Forecasted Market Size by Country
6.2.1 Europe Heat Pump Sales in Volume by Country (2024-2029)
6.2.2 Europe Heat Pump Sales in Value by Country (2024-2029)
7 Asia-Pacific Heat Pump by Region
7.1 Asia-Pacific Heat Pump Historic Market Size by Region
7.1.1 Asia-Pacific Heat Pump Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Heat Pump Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Heat Pump Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Heat Pump Forecasted Market Size by Region
7.2.1 Asia-Pacific Heat Pump Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Heat Pump Sales in Value by Region (2024-2029)
8 Latin America Heat Pump by Country
8.1 Latin America Heat Pump Historic Market Size by Country
8.1.1 Latin America Heat Pump Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Heat Pump Sales in Volume by Country (2018-2023)
8.1.3 Latin America Heat Pump Sales in Value by Country (2018-2023)
8.2 Latin America Heat Pump Forecasted Market Size by Country
8.2.1 Latin America Heat Pump Sales in Volume by Country (2024-2029)
8.2.2 Latin America Heat Pump Sales in Value by Country (2024-2029)
9 Middle East and Africa Heat Pump by Country
9.1 Middle East and Africa Heat Pump Historic Market Size by Country
9.1.1 Middle East and Africa Heat Pump Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Heat Pump Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Heat Pump Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Heat Pump Forecasted Market Size by Country
9.2.1 Middle East and Africa Heat Pump Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Heat Pump Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Carrier Corporation
10.1.1 Carrier Corporation Company Information
10.1.2 Carrier Corporation Introduction and Business Overview
10.1.3 Carrier Corporation Heat Pump Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Carrier Corporation Heat Pump Products Offered
10.1.5 Carrier Corporation Recent Development
10.2 Daikin
10.2.1 Daikin Company Information
10.2.2 Daikin Introduction and Business Overview
10.2.3 Daikin Heat Pump Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Daikin Heat Pump Products Offered
10.2.5 Daikin Recent Development
10.3 Danfoss
10.3.1 Danfoss Company Information
10.3.2 Danfoss Introduction and Business Overview
10.3.3 Danfoss Heat Pump Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Danfoss Heat Pump Products Offered
10.3.5 Danfoss Recent Development
10.4 Mitsubishi Electric
10.4.1 Mitsubishi Electric Company Information
10.4.2 Mitsubishi Electric Introduction and Business Overview
10.4.3 Mitsubishi Electric Heat Pump Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Mitsubishi Electric Heat Pump Products Offered
10.4.5 Mitsubishi Electric Recent Development
10.5 NIBE
10.5.1 NIBE Company Information
10.5.2 NIBE Introduction and Business Overview
10.5.3 NIBE Heat Pump Sales, Revenue and Gross Margin (2018-2023)
10.5.4 NIBE Heat Pump Products Offered
10.5.5 NIBE Recent Development
10.6 Airwell
10.6.1 Airwell Company Information
10.6.2 Airwell Introduction and Business Overview
10.6.3 Airwell Heat Pump Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Airwell Heat Pump Products Offered
10.6.5 Airwell Recent Development
10.7 BDR Thermea
10.7.1 BDR Thermea Company Information
10.7.2 BDR Thermea Introduction and Business Overview
10.7.3 BDR Thermea Heat Pump Sales, Revenue and Gross Margin (2018-2023)
10.7.4 BDR Thermea Heat Pump Products Offered
10.7.5 BDR Thermea Recent Development
10.8 Bryant Heating & Cooling
10.8.1 Bryant Heating & Cooling Company Information
10.8.2 Bryant Heating & Cooling Introduction and Business Overview
10.8.3 Bryant Heating & Cooling Heat Pump Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Bryant Heating & Cooling Heat Pump Products Offered
10.8.5 Bryant Heating & Cooling Recent Development
10.9 Emerson Climate Technologies
10.9.1 Emerson Climate Technologies Company Information
10.9.2 Emerson Climate Technologies Introduction and Business Overview
10.9.3 Emerson Climate Technologies Heat Pump Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Emerson Climate Technologies Heat Pump Products Offered
10.9.5 Emerson Climate Technologies Recent Development
10.10 Enertech
10.10.1 Enertech Company Information
10.10.2 Enertech Introduction and Business Overview
10.10.3 Enertech Heat Pump Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Enertech Heat Pump Products Offered
10.10.5 Enertech Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Heat Pump Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Heat Pump Industrial Chain Analysis
11.4 Heat Pump Market Dynamics
11.4.1 Heat Pump Industry Trends
11.4.2 Heat Pump Market Drivers
11.4.3 Heat Pump Market Challenges
11.4.4 Heat Pump Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Heat Pump Distributors
12.3 Heat Pump Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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