Heat Pumps Global Market Report 2025

Heat Pumps Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on heat pumps market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
  • Assess the impact of key macro factors such as conflict, pandemic and recovery, inflation and interest rate environment and the 2nd Trump presidency.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 2-3 working days of order along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description:

Where is the largest and fastest growing market for heat pumps ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The heat pumps market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope

Markets Covered:1) By Product Type: Air Source; Air-to-Air; Air-to-Water; Water Source; Ground Source

2) By Rated Capacity: Up to 10 kW; 10–20 kW; 20–30 kW; Above 30 kW

3) By End User: Residential; Commercial; Industrial

Subsegments:

1) By Air Source: Air-To-Air Heat Pumps; Air-To-Water Heat Pumps

2) By Air-To-Air: Ductless Mini-Split Systems; Ducted Systems

3) By Air-To-Water: Heating For Radiant Floors; Domestic Hot Water Production

4) By Water Source: Open Loop Systems; Closed Loop Systems

5) By Ground Source: Geothermal Heat Pumps; Horizontal Loop Systems; Vertical Loop Systems

Companies Mentioned: Robert Bosch GmbH; Hitachi Ltd.; United Technologies Corporation; LG Electronics Inc.; Panasonic Corporation

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery format: PDF, Word and Excel Data Dashboard.


1. Executive Summary
2. Heat Pumps Market Characteristics
3. Heat Pumps Market Trends And Strategies
4. Heat Pumps Market - Macro Economic Scenario Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics And Covid And Recovery On The Market
5. Global Heat Pumps Growth Analysis And Strategic Analysis Framework
5.1. Global Heat Pumps PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis Of End Use Industries
5.3. Global Heat Pumps Market Growth Rate Analysis
5.4. Global Heat Pumps Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
5.5. Global Heat Pumps Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
5.6. Global Heat Pumps Total Addressable Market (TAM)
6. Heat Pumps Market Segmentation
6.1. Global Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Air Source
Air-to-Air
Air-to-Water
Water Source
Ground Source
6.2. Global Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Up to 10 kW
10–20 kW
20–30 kW
Above 30 kW
6.3. Global Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Residential
Commercial
Industrial
6.4. Global Heat Pumps Market, Sub-Segmentation Of Air Source, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Air-To-Air Heat Pumps
Air-To-Water Heat Pumps
6.5. Global Heat Pumps Market, Sub-Segmentation Of Air-To-Air, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Ductless Mini-Split Systems
Ducted Systems
6.6. Global Heat Pumps Market, Sub-Segmentation Of Air-To-Water, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Heating For Radiant Floors
Domestic Hot Water Production
6.7. Global Heat Pumps Market, Sub-Segmentation Of Water Source, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Open Loop Systems
Closed Loop Systems
6.8. Global Heat Pumps Market, Sub-Segmentation Of Ground Source, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Geothermal Heat Pumps
Horizontal Loop Systems
Vertical Loop Systems
7. Heat Pumps Market Regional And Country Analysis
7.1. Global Heat Pumps Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Heat Pumps Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8. Asia-Pacific Heat Pumps Market
8.1. Asia-Pacific Heat Pumps Market Overview
Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.4. Asia-Pacific Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
9. China Heat Pumps Market
9.1. China Heat Pumps Market Overview
9.2. China Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.4. China Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
10. India Heat Pumps Market
10.1. India Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.3. India Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11. Japan Heat Pumps Market
11.1. Japan Heat Pumps Market Overview
11.2. Japan Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.4. Japan Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12. Australia Heat Pumps Market
12.1. Australia Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.3. Australia Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13. Indonesia Heat Pumps Market
13.1. Indonesia Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.3. Indonesia Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14. South Korea Heat Pumps Market
14.1. South Korea Heat Pumps Market Overview
14.2. South Korea Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.4. South Korea Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15. Western Europe Heat Pumps Market
15.1. Western Europe Heat Pumps Market Overview
15.2. Western Europe Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.4. Western Europe Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16. UK Heat Pumps Market
16.1. UK Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.3. UK Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17. Germany Heat Pumps Market
17.1. Germany Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.3. Germany Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18. France Heat Pumps Market
18.1. France Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.3. France Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19. Italy Heat Pumps Market
19.1. Italy Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.3. Italy Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20. Spain Heat Pumps Market
20.1. Spain Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.3. Spain Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21. Eastern Europe Heat Pumps Market
21.1. Eastern Europe Heat Pumps Market Overview
21.2. Eastern Europe Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.4. Eastern Europe Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22. Russia Heat Pumps Market
22.1. Russia Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.3. Russia Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23. North America Heat Pumps Market
23.1. North America Heat Pumps Market Overview
23.2. North America Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.4. North America Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24. USA Heat Pumps Market
24.1. USA Heat Pumps Market Overview
24.2. USA Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.4. USA Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25. Canada Heat Pumps Market
25.1. Canada Heat Pumps Market Overview
25.2. Canada Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.4. Canada Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26. South America Heat Pumps Market
26.1. South America Heat Pumps Market Overview
26.2. South America Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.4. South America Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27. Brazil Heat Pumps Market
27.1. Brazil Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.3. Brazil Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28. Middle East Heat Pumps Market
28.1. Middle East Heat Pumps Market Overview
28.2. Middle East Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.4. Middle East Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29. Africa Heat Pumps Market
29.1. Africa Heat Pumps Market Overview
29.2. Africa Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.4. Africa Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
30. Heat Pumps Market Competitive Landscape And Company Profiles
30.1. Heat Pumps Market Competitive Landscape
30.2. Heat Pumps Market Company Profiles
30.2.1. Robert Bosch GmbH Overview, Products and Services, Strategy and Financial Analysis
30.2.2. Hitachi Ltd. Overview, Products and Services, Strategy and Financial Analysis
30.2.3. United Technologies Corporation Overview, Products and Services, Strategy and Financial Analysis
30.2.4. LG Electronics Inc. Overview, Products and Services, Strategy and Financial Analysis
30.2.5. Panasonic Corporation Overview, Products and Services, Strategy and Financial Analysis
31. Heat Pumps Market Other Major And Innovative Companies
31.1. Midea Group Corporation
31.2. Mitsubishi Electric Corporation
31.3. Fujitsu General Limited
31.4. Daikin Industries Ltd.
31.5. Johnson Controls International PLC
31.6. Carrier Corporation
31.7. Trane Inc.
31.8. Danfoss A/S
31.9. Ingersoll Rand Inc.
31.10. Flamingo Heat Pumps
31.11. Viessmann Werke GmbH & Co. KG
31.12. Lennox International Inc.
31.13. Vaillant Group
31.14. NIBE Industrier AB
31.15. Glen Dimplex Group
32. Global Heat Pumps Market Competitive Benchmarking And Dashboard
33. Key Mergers And Acquisitions In The Heat Pumps Market
34. Recent Developments In The Heat Pumps Market
35. Heat Pumps Market High Potential Countries, Segments and Strategies
35.1 Heat Pumps Market In 2029 - Countries Offering Most New Opportunities
35.2 Heat Pumps Market In 2029 - Segments Offering Most New Opportunities
35.3 Heat Pumps Market In 2029 - Growth Strategies
35.3.1 Market Trend Based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings