Global Heat Pump
Market Report
2024
As per Cognitive Market Research's latest published report, the Global Heat Pump market size was USD 62.27 billion in 2022 and it is forecasted to reach USD 108.9 billion by 2030. Heat Pump Industry's Compound Annual Growth Rate will be 7.2% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access.
Share your contact details to receive free updated sample copy/pages of the recently published edition of Heat Pump Market Report 2024.
As per Cognitive Market Research's latest published report, the Global Heat Pump market size was USD 62.27 billion in 2022 and it is forecasted to reach USD 108.9 billion by 2030. Heat Pump Industry's Compound Annual Growth Rate will be 7.2% from 2023 to 2030
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Heat Pump Market Sales Revenue 2022 | $ 62.27 Billion |
Global Heat Pump Market Sales Revenue 2030 | $ 108.9 Billion |
Global Heat Pump Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.2% |
Market Split by Technology |
|
Market Split by Application |
|
Market Split by Refrigerant Type |
|
Market Split by Capacity |
|
List of Competitors |
|
Regional Analysis |
|
Country Analysis |
|
Key Qualitative Information Covered |
|
Report scope is customizable as we have a huge database of Heat Pump industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Heat Pump Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A heat pump is a device that transfers heat from one location to another, typically for the purpose of heating or cooling a space. It is essentially an air conditioner that can run in reverse, allowing it to both heat and cool a space.
The growing number of household units, increasing environmental concerns, and increasing demand for energy-efficient and cost-effective heating solutions are driving the growth of the Global Heat Pump Market. Heat pumps are seen as a more environmentally friendly option compared to traditional heating and cooling systems, as they reduce carbon emissions and help to combat climate change. Thus, the use of a heat pump reduces carbon emissions supporting the growth of the market.
We have various report editions of Heat Pump Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
In July 2022, Viessmann invested €200m to expand and partially rebuild its existing factory in Poland to create a new heat pump logistics center. Followed by this news the company announced recent news that the German manufacturer was to invest €1bn over the next three years to extend its heat pump and green climate solutions portfolio.
In August 2021,
NIBE Industrier AB acquired 50% of the shares in Go Geothermal Ltd and the remaining shares within a five-year period. This acquisition strengthens its position in the rapidly growing British market for heat pumps, also with its CTC brand.
Top Companies Market Share in Heat Pump Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Asia Pacific region accounted for the largest share and is anticipated to grow at the fastest rate during the forecast period of analysis. This is attributed to the increasing population, growing infrastructural development, and rapid urbanization is anticipated to boost the growth of the Heat Pump Market in this region.
The current report Scope analyzes Heat Pump Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
To learn more about geographical trends request the free sample pages.
Get Free Sample
Global Heat Pump Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Heat Pump Industry growth. Heat Pump market has been segmented with the help of its Technology, Application Refrigerant Type, and others. Heat Pump market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on Technology, Air Source Segment held the major market share in the year 2022 owing to its advantages such as high efficiency, low maintenance, durability, and lower carbon footprint.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Heat Pump Industry. Request a Free Sample PDF!
Based on the Application, the Residential segment is anticipated to register the largest share owing to the increasing residential sector worldwide and increasing government initiatives to reduce air pollution. Heat pumps are an environmentally friendly option compared to traditional heating and cooling systems, as they reduce carbon emissions and help to combat climate change.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
To learn more about market share request the free sample pages.
Get Free Sample
Based on Refrigerant Type, the R407c and R410a refrigerant types accounted for the largest share in the year 2022 owing to their properties. It boosts the system’s efficiency and cost-effectiveness, and it absorbs and releases heat more effectively.
Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Heat Pump Market is witnessing significant growth in the near future.
In 2023, the Water Source segment accounted for noticeable share of global Heat Pump Market and is projected to experience significant growth in the near future.
The Residential segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Carrier Corporation, Danfoss and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Technology | Water Source, Air Source, Ground Source |
Application | Residential, Commercial, Industrial |
Refrigerant Type | R134a, R407c and R410a, R600 and R600a, R717 |
Capacity | 2-ton heat pump, 3-ton heat pump, 4-ton heat pump, Others |
List of Competitors | Carrier Corporation, Daikin, Danfoss, Mitsubishi Electric, NIBE, Airwell, BDR Thermea, Bryant Heating & Cooling, Emerson Climate Technologies, Enertech |
This chapter will help you gain GLOBAL Market Analysis of Heat Pump. Further deep in this chapter, you will be able to review Global Heat Pump Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Technology Analysis 2019 -2031, will provide market size split by Technology. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Technology Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Refrigerant Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 13 Market Split by Capacity Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Heat Pump market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Water Source have a significant impact on Heat Pump market? |
What are the key factors affecting the Water Source and Air Source of Heat Pump Market? |
What is the CAGR/Growth Rate of Residential during the forecast period? |
By type, which segment accounted for largest share of the global Heat Pump Market? |
Which region is expected to dominate the global Heat Pump Market within the forecast period? |
Segmentation Level Customization |
|
Global level Data Customization |
|
Region level Data Customization |
|
Country level Data Customization |
|
Company Level |
|
Additional Data Analysis |
|
Additional Qualitative Data |
|
Additional Quantitative Data |
|
Service Level Customization |
|
Report Format Alteration |
|
Published Report Editions
are Just a Tip of an Iceberg
Access the Complete Database of
Heat Pump Market
Request Sample