The global heat pump market by revenue is expected to grow at a CAGR of over 8% during the period 2019–2025.
The district heating concept, which is increasingly favored in recent times, is expected to make the use of heat pumps as a major source. Heat is also likely to be generated from geothermal and biomass solutions. Rebate systems in several European countries have played a significant role in large-scale adoption. The growth of green buildings and strong building conduct codes are other supporting factors that can stimulate the growth of heat pumps during the period 2020–2025.
The following factors are likely to contribute to the growth of the heat pump market during the forecast period:
- Growth in Green Buildings
- Preference for IoT Enabled Heat Pumps
- Increased Popularity of Dual Source Heat Pumps
- Need for Energy Efficiency and Sustainability
The study considers the present scenario of the medical gowns market and its market dynamics for the period 2019−2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent ones operating in the market.
Heat Pump Market – Vendor Profiles
Prominent Vendors
- Daikin
- Carrier
- Trane
- NIBE
- Mitsubishi
Other Prominent Vendors
- LG
- Bellcross Industries
- Hitachi
- Stiebel Eltron
- Ingersoll Rand
- Glen Dimplex
- The Viessmann Group
- The Vaillant Group
- Midea Group
- Panasonic
- Danfoss
- Robert Bosch GmbH
- WOLF
- Flamingo Heat Pumps
- Lennox
- BDR Thermea Group
- Mayekawa
- Thermax Group
- GEA
- Rheem Manufacturing Company
- Ascler
- FUJITSU GENERAL
- Johnson Controls
Heat Pump Market – Segmentation
Segmentation by Product Type
- Air Source
- Air-to-air
- Air-to-water
- Water Source
- Ground Source
Segmentation by Capacity
- Less than 10 KW (<10kW)
- 10kW–20kW
- Greater than 20 KW (>20kW)
Segmentation by End-user
- Residential
- Commercial
- Industrial
Segmentation by Geography
- North America
- US
- Canada
- Europe
- Sweden
- Germany
- France
- Italy
- Spain
- APAC
- China
- Japan
- South Korea
- Australia
- India
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Heat Pump Market – Table of Contents
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope of The Study
4.3.1 Market Segmentation by Product Types
4.3.2 Market Segmentation by Capacity
4.3.3 Market Segmentation by End-User
4.3.4 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.2 Covid-19 Impact
8 Market Opportunities & Trends
8.1 Growth In Green Buildings
8.2 Preference For Iot Enabled Heat Pumps
8.3 Growing Popularity Of Dual Source Heat Pumps
9 Market Growth Enablers
9.1 Need For Energy Efficiency And Sustainability
9.2 Favorable Government Policies And Incentives
9.3 Growth In District Heating
10 Market Restraints
10.1 High Installation And Upfront Costs
10.2 Low Awareness In Growing Economies
11 Market Landscape
11.1 Market Overview
11.2 Market Size & Forecast
11.2.1 Revenue & Unit Shipment
11.3 Five Forces Analysis
11.3.1 Threat Of New Entrants
11.3.2 Bargaining Power Of Suppliers
11.3.3 Bargaining Power Of Buyers
11.3.4 Threat Of Substitutes
11.3.5 Competitive Rivalry
12 Product Type
12.1 Market Snapshot & Growth Engine (Revenue)
12.2 Market Snapshot & Growth Engine (Unit Shipments)
12.3 Market Overview
12.4 Air Source
12.4.1 Market Overview
12.4.2 Market Size & Forecast (Revenue & Unit Shipments)
12.4.3 Market by Geography (Revenue & Unit Shipments)
12.4.4 Pricing Analysis
12.5 Air-To-Air Heat Pump
12.5.1 Market Size & Forecast (Revenue & Unit Shipments)
12.5.2 Market by Geography (Revenue & Unit Shipments)
12.5.3 Pricing Analysis
12.6 Air-To-Water Heat Pump
12.6.1 Market Size & Forecast (Revenue & Unit Shipments)
12.6.2 Market By Geography (Revenue & Unit Shipments)
12.6.3 Pricing Analysis
12.7 Ground Source
12.7.1 Market Overview
12.7.2 Market Size & Forecast (Revenue & Unit Shipments)
12.7.3 Market By Geography (Revenue & Unit Shipments)
12.7.4 Pricing Analysis
12.8 Water Source
12.8.1 Market Overview
12.8.2 Market Size & Forecast (Revenue & Unit Shipments)
12.8.3 Market By Geography (Revenue & Unit Shipments)
12.8.4 Pricing Analysis
13 Capacity
13.1 Market Snapshot & Growth Engine (Revenue)
13.2 Market Snapshot & Growth Engine (Unit Shipments)
13.3 Market Overview
13.4 <10KW
13.4.1 Market Overview
13.4.2 Market Size & Forecast (Revenue & Unit Shipments)
13.4.3 Market by Geography (Revenue & Unit Shipments)
13.4.4 Pricing Analysis
13.5 10KW – 20KW
13.5.1 Market Overview
13.5.2 Market Size & Forecast (Revenue & Unit Shipments)
13.5.3 Market by Geography (Revenue & Unit Shipments)
13.5.4 Pricing Analysis
13.6 > 20KW
13.6.1 Market Overview
13.6.2 Market Size & Forecast (Revenue & Unit Shipments)
13.6.3 Market by Geography (Revenue & Unit Shipments)
13.6.4 Pricing Analysis
14 End-User
14.1 Market Snapshot & Growth Engine (Revenue)
14.2 Market Snapshot & Growth Engine (Unit Shipments)
14.3 Market Overview
14.4 Residential
14.4.1 Market Overview
14.4.2 Market Size & Forecast (Revenue & Unit Shipments)
14.4.3 Market by Geography (Revenue & Unit Shipments)
14.4.4 Pricing Analysis
14.5 Commercial
14.5.1 Market Overview
14.5.2 Market Size & Forecast (Revenue & Unit Shipments)
14.5.3 Market By Geography (Revenue & Unit Shipments)
14.5.4 Pricing Analysis
14.6 Industrial
14.6.1 Market Overview
14.6.2 Market Size & Forecast (Revenue & Unit Shipments)
14.6.3 Market by Geography (Revenue & Unit Shipments)
14.6.4 Pricing Analysis
15 Geography
15.1 Market Snapshot & Growth Engine (Revenue)
15.2 Market Snapshot & Growth Engine (Unit Shipments)
15.3 Geographic Overview
16 APAC
16.1 Market Overview
16.2 Market Size & Forecast (Revenue & Unit Shipments)
16.3 Product Type
16.3.1 Market Size & Forecast (Revenue)
16.3.2 Market Size & Forecast (Unit Shipments)
16.3.3 Pricing Analysis
16.4 Capacity
16.4.1 Market Size & Forecast (Revenue)
16.4.2 Market Size & Forecast (Unit Shipments)
16.4.3 Pricing Analysis
16.5 End-User
16.5.1 Market Size & Forecast (Revenue)
16.5.2 Market Size & Forecast (Unit Shipments)
16.5.3 Pricing Analysis
16.6 Key Countries (Revenue & Shipments)
16.8 China
16.8.1 Market Size & Forecast (Revenue & Unit Shipments)
16.9 Japan
16.9.1 Market Size & Forecast (Revenue & Unit Shipments)
16.10 South Korea
16.10.1 Market Size & Forecast (Revenue & Unit Shipments)
16.11 Australia
16.11.1 Market Size & Forecast (Revenue & Unit Shipments)
16.12 India
16.12.1 Market Size & Forecast (Revenue & Unit Shipments)
17 North America
17.1 Market Overview
17.2 Market Size & Forecast (Revenue & Unit Shipments)
17.3 Product Type
17.3.1 Market Size & Forecast (Revenue)
17.3.2 Market Size & Forecast (Unit Shipments)
17.3.3 Pricing Analysis
17.4 Capacity
17.4.1 Market Size & Forecast (Revenue)
17.4.2 Market Size & Forecast (Unit Shipments)
17.4.3 Pricing Analysis
17.5 End User
17.5.1 Market Size & Forecast (Revenue)
17.5.2 Market Size & Forecast (Unit Shipments)
17.5.3 Pricing Analysis
17.6 Key Countries (Revenue & Shipments)
17.8 US
17.8.1 Market Size & Forecast (Revenue & Unit Shipments)
17.9 Canada
17.9.1 Market Size & Forecast (Revenue & Unit Shipments)
18 Europe
18.1 Market Overview
18.2 Market Size & Forecast (Revenue & Unit Shipments)
18.3 Product Type
18.3.1 Market Size & Forecast (Revenue)
18.3.2 Market Size & Forecast (Unit Shipments)
18.3.3 Pricing Analysis
18.4 Capacity
18.4.1 Market Size & Forecast (Revenue)
18.4.2 Market Size & Forecast (Unit Shipments)
18.4.3 Pricing Analysis
18.5 End User
18.5.1 Market Size & Forecast (Revenue & Unit Shipments)
18.5.2 Market Size & Forecast (Unit Shipments)
18.5.3 Pricing Analysis
18.6 Key Countries (Revenue & Shipments)
18.8 France
18.8.1 Market Size & Forecast (Revenue & Unit Shipments)
18.9 Italy
18.9.1 Market Size & Forecast (Revenue & Unit Shipments)
18.10 Spain
18.10.1 Market Size & Forecast (Revenue & Unit Shipments)
18.11 Sweden
18.11.1 Market Size & Forecast (Revenue & Unit Shipments)
18.12 Germany
18.12.1 Market Size & Forecast (Revenue & Unit Shipments)
19 Latin America
19.1 Market Overview
19.2 Market Size & Forecast (Revenue & Unit Shipments)
19.3 Product Type
19.3.1 Market Size & Forecast (Revenue)
19.3.2 Market Size & Forecast (Unit Shipments)
19.3.3 Pricing Analysis
19.4 Capacity
19.4.1 Market Size & Forecast (Revenue)
19.4.2 Market Size & Forecast (Unit Shipments)
19.4.3 Pricing Analysis
19.5 End-User
19.5.1 Market Size & Forecast (Revenue)
19.5.2 Market Size & Forecast (Unit Shipments)
19.5.3 Pricing Analysis
19.6 Key Countries (Revenue & Shipments)
19.8 Brazil
19.8.1 Market Size & Forecast (Revenue & Unit Shipments)
19.9 Mexico
19.9.1 Market Size & Forecast (Revenue & Unit Shipments)
20 Middle East & Africa
20.1 Market Overview
20.2 Market Size & Forecast (Revenue & Unit Shipments)
20.3 Product Type
20.3.1 Market Size & Forecast (Revenue)
20.3.2 Market Size & Forecast (Unit Shipments)
20.3.3 Pricing Analysis
20.4 Capacity
20.4.1 Market Size & Forecast (Revenue)
20.4.2 Market Size & Forecast (Unit Shipments)
20.4.3 Pricing Analysis
20.5 End User
20.5.1 Market Size & Forecast (Revenue)
20.5.2 Market Size & Forecast (Unit Shipments)
20.5.3 Pricing Analysis
20.6 Key Countries (Revenue & Shipments)
20.8 South Africa
20.8.1 Market Size & Forecast (Revenue & Unit Shipments)
20.9 Saudi Arabia
20.9.1 Market Size & Forecast (Revenue & Unit Shipments)
20.10 UAE
20.10.1 Market Size & Forecast (Revenue & Unit Shipments)
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