Global High Temperature Heat Pump
Market Report
2024
As per the Cognitive Market Research's latest report, The global High-Temperature Heat Pump Market was valued at USD 53.5 billion in 2022 and will reach USD 113.0 billion by 2030, registering a CAGR of 9.8% for the forecast period 2023-2030.
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.
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As per the Cognitive Market Research's latest report, The global High-Temperature Heat Pump Market was valued at USD 53.5 billion in 2022 and will reach USD 113.0 billion by 2030, registering a CAGR of 9.8% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global High Temperature Heat Pump Market Sales Revenue 2022 | $ 53.5 Billion |
Global High Temperature Heat Pump Market Sales Revenue 2030 | $ 113 Billion |
Global High Temperature Heat Pump Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 9.8% |
Market Split by Type |
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Market Split by Rated Capacity |
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Market Split by Application |
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Market Split by Refrigerant |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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High Temperature Heat Pump Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
High-temperature heat pumps can be defined as heat pumps being able to deliver heat. Current heat pump solutions are mostly limited to heat which mainly supplies around 70°C to 80°C. Growing measures to reduce carbon footprints in cross-industrial operations coupled with the increasing use of the generated high temperature will auger the industry look. Moreover, the adoption of advanced solutions and automation has increased the growth of the market.
A promising method for reducing greenhouse gas emissions is heat pump technology. Thermal and aerothermal heat pumps provide a room heating method that is energy-efficient. When utilized in heating, ventilation, and air conditioning (HVAC) systems, the heat pump is frequently recognized as a sustainable technology Moreover 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. Additionally, heat pumps use energy input, primarily electricity, to raise the temperature while extracting ambient heat from the air and low-temperature surfaces. Thus, the use of heat pumps can bring down fossil fuel consumption considerably when compared to alternate mediums of heat transfer, subsequently lowering the carbon footprint. This factor is increasing the number of heat pump installations across all sectors and driving market growth.
The heat pump is technically complex equipment. The awareness regarding the energy efficiency, cost efficiency, and environmental benefits associated with heat pumps, as well as technical are limited among end users from developing and underdeveloped economies. This factor is expected to hamper their penetration rate in emerging economies. According to the United Nations Environment Program, there is a lack of awareness among contractors regarding the International Organization for Standardization (ISO) standards for heat pumps. The ISO standards play a crucial role in the quality assurance and safety of the products or services offered. Thus, lack or limited awareness regarding the advantages of using heat pumps and related ISO standards is expected to restrain the market growth to an extent
(Source:https://www.iso.org/files/live/sites/isoorg/files/store/en/PUB100404.pdf )
The COVID-19 pandemic has significantly impacted various verticals including the industrial heat pump market. Pandemic-induced supply chain disruptions affecting the availability of raw materials, components, and finished products along with scaled-back industrial operations on account of stern lockdown protocols and reduced consumer demand have altered the product deployment potential. However, the growing need for sustainable and energy-resilient systems along with rising investments to support the deployment of clean energy systems will offset the prevailing challenges by 2032.
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Fonterra and MAN Energy Solutions enter into a major partnership for the use of decarbonization technology. The partnership between Fonterra and MAN Energy Solutions, a world-leading provider of engines and turbomachinery solutions, will trial the design and implementation of an industrial-scale heat pump technology to replace non-renewable energy in raising steam. Powered by electricity, the high-temperature MAN Heat Pump solution would allow Fonterra to produce steam to dry dairy ingredients using renewable electricity from sources such as hydro, solar, geothermal, and wind. After integration into Fonterra’s production infrastructure, the heat pump could produce more than 30 metric tons of process steam per hour.
(Source:https://www.fonterra.com/nz/en/our-stories/media/fonterra-and-man-energy-solutions-enter-into-major-partnership.html)
Top Companies Market Share in High Temperature Heat Pump Industry: (In no particular order of Rank)
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Europe is estimated to contribute 32% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Moreover, Europe has been the largest contributor of revenue to the global high-Temperature heat pump market over the past few years, which is a trend that is expected to continue during the forecast period. Several countries in the region are actively adopting advanced heating technologies to reduce greenhouse gas (GHG) and carbon emissions from industrial processes. Additionally, most countries in Europe have self-initiated mandates to meet their sustainable climate goals. Furthermore, several regulations, especially related to industries, have been enforced to reduce carbon emissions and achieve energy efficiency. The need to adhere to such emission-related regulations will increase the demand for heat pumps in Europe.
The current report Scope analyzes High Temperature 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.
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Global High Temperature 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 High Temperature Heat Pump Industry growth. High Temperature Heat Pump market has been segmented with the help of its Type, Rated Capacity Application, and others. High Temperature 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.
Water-source heat pumps dominate the market due to their high operating efficiency with respect to other heat pumps. Moreover, water source heat pumps exact thermal energy from water and turns it into heat. The main advantage associated with water-source heat pumps is that they can operate on the water having low temperature than the air temperature Water source heat pump have a high upfront cost. Thus due to all the additional features water source heat pump dominates the market.
(Source:https://www.rasmech.com/blog/water-source-heat-pumps-your-expert-guide/#:~:text=One%20of%20the%20main%20advantages,extract%20heat%20from%20the%20environment.)
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 High Temperature Heat Pump Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of High Temperature Heat Pump from 2019 to 2031. This will also help to analyze the demand for High Temperature Heat Pump across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Rated Capacity of High Temperature Heat Pump are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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R410A has dominated the segment and holds the largest market share in the market. The R410A refrigerant has boosted the system with an efficiency rating. Furthermore, refilling the system using RA10A is less expensive and can boost the market. Additionally, the minimum effect on the ozone layer is expected to drive the R410A refrigerant segment of the heat pump market during the forecast period.
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 High Temperature Heat Pump Market is witnessing significant growth in the near future.
In 2023, the Air to Air heat pumps segment accounted for noticeable share of global High Temperature Heat Pump Market and is projected to experience significant growth in the near future.
The Up to 10 kW segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Bard HVAC , Danfoss AS 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.
1.PVT-assisted heat pump for residential water heating
Disclaimer:
Type | Air to Air heat pumps, Air to Water heat pumps, Water source heat, Hybrid heat pumps |
Rated Capacity | Up to 10 kW, 10 – 20 kW, 20 – 30 kW, Above 30 kW |
Application | Papermaking Industrial, Food Industrial, Chemical, Automobile, Oil Refining Industrial, Metal Industrial, Other |
Refrigerant | R410A, R407C, R744 |
List of Competitors | Bard HVAC, Daikin Industries Ltd., Danfoss AS, Emerson Electric Co, Johnson Controls International Plc., Lennox International Inc, LG, Electronics Inc., and MAYEKAWA MFG. CO. LTD., Meier Tobler AG, Mitsubishi Electric Corp, NIBE Industrier AB, OCHSNER Warmepumpen GmbH, Oilon Group Oy, Rheem Manufacturing Co., Robert Bosch GmbH |
This chapter will help you gain GLOBAL Market Analysis of High Temperature Heat Pump. Further deep in this chapter, you will be able to review Global High Temperature 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.
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 Type Analysis 2019 -2031, will provide market size split by Type. 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 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 11 Market Split by Rated Capacity 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 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 13 Market Split by Refrigerant Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global High Temperature 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 Air to Air heat pumps have a significant impact on High Temperature Heat Pump market? |
What are the key factors affecting the Air to Air heat pumps and Air to Water heat pumps of High Temperature Heat Pump Market? |
What is the CAGR/Growth Rate of Up to 10 kW during the forecast period? |
By type, which segment accounted for largest share of the global High Temperature Heat Pump Market? |
Which region is expected to dominate the global High Temperature Heat Pump Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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