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North America Heat Pump Market - Industry Trends and Forecast to 2030

Publisher Data Bridge Market Research
Published Nov 01, 2022
Length 132 Pages
SKU # DAABD17583330

Description

North America Heat Pump Market - Industry Trends and Forecast to 2030

North America heat pump market is projected to register a CAGR of 8.9% in the forecast period of 2023 to 2030. The new market report contains data for the historic year 2021, the base year of calculation is 2022, and the forecast period is 2023 to 2030

Market Segmentation

North America Heat Pump Market, By Type (Air-To-Water Heat Pump, Air-To-Air Heat Pump, Water Source Heat Pump, Ground Source Heat Pump, and Hybrid Heat Pump), Component (Hardware, and Services), Capacity (Up to 10 kW, 10 to 20 kW, 20 to 30 kW, and Above 30 kW), Power Source (Electric, and Others), Refrigerant Type (R410A, R134A, R717 (Ammonia), R407C, R600 and R600A, R744, and Others), Cycle Type (Vapor Compression, Transcritical, and Absorption), System Type (Air Source Heat Pumps, Geothermal Heat Pumps, and Others), Application (Residential, Commercial, Industrial), Country (U.S., Canada, and Mexico), Industry Trends and Forecast to 2030
Some of the major factors contributing to the growth of the North America heat pump market are:

• Rise in demand for heat pumps in commercial and industrial use
• Increase in demand for geothermal heat pumps
• Growing initiatives to minimize the carbon footprint

Market Players

Some of the major players operating in the North America heat pump market are:
• Danfoss Industries Pvt. Ltd.
• Trane Technologies plc
• NIBE Industrier AB
• Midea Group
• VIVRECO group
• Robert Bosch GmbH
• American Standard Heating and Air Conditioning (Brand of Trane Technologies plc)
• Lennox International Inc.
• Rheem Manufacturing Company
• Goodman (A Brand of Daikin Comfort Technologies North America, Inc.)
• Thermax Limited.
• Mitsubishi Electric Corporation
• DAIKIN INDUSTRIES, Ltd.
• Carrier.
• Johnson Controls
• RUUD (Brand of Rheem Manufacturing Company)
• BRYANT (Brand of Carrier.)

Table of Contents

132 Pages
1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Overview Of North America Heat Pump Market
1.4 Currency And Pricing
1.5 Limitations
1.6 Markets Covered
2 Market Segmentation
2.1 Markets Covered
2.2 Geographical Scope
2.3 Years Considered For The Study
2.4 Dbmr Tripod Data Validation Model
2.5 Primary Interviews With Key Opinion Leaders
2.6 Dbmr Market Position Grid
2.7 Vendor Share Analysis
2.8 Multivariate Modeling
2.9 Type Timeline Curve
2.10 Market End-user Coverage Grid
2.11 Secondary Sources
2.12 Assumptions
3 Executive Summary
4 Premium Insights
4.1 Air-to-water Heat Pump Will Replace Furnace In North America
4.1.1 Government Policies
4.1.1.1 U.S.
4.1.1.2 Canada
4.2 European Method Of Air To Water (Using A Radiator) For The North America Heat Pump Market
4.2.1 Air-source Heat Pumps Advanced Technologies
4.3 Heat Pump Vs Furnace
4.4 Porter’s Five Forces
5 Market Overview
5.1 Drivers
5.1.1 Rise In Demand For Heating, Ventilation, And Air-conditioning (Hvac) Systems
5.1.2 Grow In Demand For Dual Source Heat Pumps (Dshp) Across The U.S
5.1.3 Upsurge In Demand For Geothermal Heat Pumps
5.2 Restraints
5.2.1 High Installation Cost Of Energy-efficiency Heat Pumps
5.2.2 Lack Of Awareness Regarding The Benefits Of Heat-pumps In Developed Countries
5.3 Opportunities
5.3.1 Shift In Consumer Preference Toward The Sustainable Solution For Residential And Commercial Use
5.3.2 Increasing Investment In Green Building Infrastructure And Technical Advancement
5.4 Challenge
5.4.1 Complexities In Heat Pumps Retrofits
6 North America Heat Pump Market, By Type
6.1 Overview
6.2 Air-to-water Heat Pump
6.3 Air-to-air Heat Pump
6.4 Water Source Heat Pump
6.5 Ground Source Heat Pump
6.6 Hybrid Heat Pump
7 North America Heat Pump Market, By Component
7.1 Overview
7.2 Hardware
7.2.1 Compressor
7.2.2 Heat Exchangers
7.2.3 Sensors
7.2.4 Receiver
7.2.5 Reversing Valve
7.2.6 Others
7.3 Services
7.3.1 Installation Cost
7.3.1.1 New
7.3.1.2 Retrofit
7.3.2 Maintenance Cost
8 North America Heat Pump Market, By Capacity
8.1 Overview
8.2 Up To 10 Kw
8.3 10 To 20 Kw
8.4 20 To 30 Kw
8.5 Above 30 Kw
9 North America Heat Pump Market, By Power Source
9.1 Overview
9.2 Electric
9.3 Others
10 North America Heat Pump Market, By Refrigerant Type
10.1 Overview
10.2 R410a
10.3 R134a
10.4 R717 (Ammonia)
10.5 R407c
10.6 R600 And R600a
10.7 R744
10.8 Others
11 North America Heat Pump Market, By Cycle Type
11.1 Overview
11.2 Vapor Compression
11.3 Transcritical
11.4 Absorption
12 North America Heat Pump Market, By System Type
12.1 Overview
12.2 Air Source Heat Pumps
12.2.1 Ducted Split And Packaged Type
12.2.2 Ductless Minisplit
12.2.3 Portable Window
12.3 Geothermal Heat Pumps
12.3.1 Horizontal
12.3.2 Vertical
12.4 Others
13 North America Heat Pump Market, By Application
13.1 Overview
13.2 Residential
13.2.1 Single Home
13.2.2 Multi Home
13.3 Commercial
13.3.1 Offices
13.3.2 Hospitality
13.3.3 Healthcare
13.3.4 Retail
13.3.5 Logistics & Transportation
13.3.6 Education
13.3.7 Others
13.4 Industrial
13.4.1 General Manufacturing
13.4.2 Chemical And Petroleum
13.4.3 Food And Beverages
13.4.4 Utilities
13.4.5 Textile And Leather
13.4.6 Wood Products
13.4.7 Metal
13.4.8 Others
14 North America Heat Pump Market, By Country
14.1 U.S.
14.2 Canada
14.3 Mexico
15 Company Landscape: North America Heat Pump Market
15.1 Company Share Analysis: North America
16 Swot Analysis
17 Company Profiles
17.1 Trane Technologies Plc
17.1.1 Company Snapshot
17.1.2 Revenue Analysis
17.1.3 Products Portfolio
17.1.4 Recent Development
17.2 Johnson Controls
17.2.1 Company Snapshot
17.2.2 Revenue Analysis
17.2.3 Product Portfolio
17.2.4 Recent Development
17.3 Carrier
17.3.1 Company Snapshot
17.3.2 Revenue Analysis
17.3.3 Product Portfolio
17.3.4 Recent Developments
17.4 Midea Group
17.4.1 Company Snapshot
17.4.2 Revenue Analysis
17.4.3 Products Portfolio
17.4.4 Recent Developments
17.5 Lennox International Inc.
17.5.1 Company Snapshot
17.5.2 Revenue Analysis
17.5.3 Product Portfolio
17.5.4 Recent Development
17.6 American Standard Heating And Air Conditioning
17.6.1 Company Snapshot
17.6.2 Product Portfolio
17.6.3 Recent Development
17.7 Bryant (Brand Of Carrier)
17.7.1 Company Snapshot
17.7.2 Product Portfolio
17.7.3 Recent Development
17.8 Daikin Industries, Ltd.
17.8.1 Company Snapshot
17.8.2 Revenue Analysis
17.8.3 Product Portfolio
17.8.4 Recent Developments
17.9 Danfoss Industries Pvt. Ltd.
17.9.1 Company Snapshot
17.9.2 Revenue Analysis
17.9.3 Products Portfolio
17.9.4 Recent Developments
17.10 Goodman (Brand Of Daikin Industries, Ltd.)
17.10.1 Company Snapshot
17.10.2 Product Portfolio
17.10.3 Recent Development
17.11 Mitsubishi Electric Corporation
17.11.1 Company Snapshot
17.11.2 Revenue Analysis
17.11.3 Product Portfolio
17.11.4 Recent Developments
17.12 Nibe Industrier Ab
17.12.1 Company Snapshot
17.12.2 Revenue Analysis
17.12.3 Products Portfolio
17.12.4 Recent Development
17.13 Rheem Manufacturing Company
17.13.1 Company Snapshot
17.13.2 Product Portfolio
17.13.3 Recent Development
17.14 Robert Bosch Gmbh
17.14.1 Company Snapshot
17.14.2 Revenue Analysis
17.14.3 Product Portfolio
17.14.4 Recent Development
17.15 Ruud (Brand Of Rheem Manufacturing Company)
17.15.1 Company Snapshot
17.15.2 Product Portfolio
17.15.3 Recent Development
17.16 Thermax Limited.
17.16.1 Company Snapshot
17.16.2 Revenue Analysis
17.16.3 Product Portfolio
17.16.4 Recent Developments
17.17 Vivreco Group
17.17.1 Company Snapshot
17.17.2 Product Portfolio
17.17.3 Recent Development
18 Questionnaire
19 Related Reports 132
List Of Tables
Table 1 Price Of Heat Pump Based On Type, Capacity, And Efficiency Rating
Table 2 North America Heat Pump Market, By Type, 2021-2030 (Usd Million)
Table 3 North America Heat Pump Market, By Component, 2021-2030 (Usd Million)
Table 4 North America Hardware In Heat Pump Market, By Type, 2021-2030 (Usd Million)
Table 5 North America Services In Heat Pump Market, By Type, 2021-2030 (Usd Million)
Table 6 North America Installation Cost In Heat Pump Market, By Type, 2021-2030 (Usd Million)
Table 7 North America Heat Pump Market, By Capacity, 2021-2030 (Usd Million)
Table 8 North America Heat Pump Market, By Power Source, 2021-2030 (Usd Million)
Table 9 North America Heat Pump Market, By Refrigerant Type, 2021-2030 (Usd Million)
Table 10 North America Heat Pump Market, By Cycle Type, 2021-2030 (Usd Million)
Table 11 North America Heat Pump Market, By System Type, 2021-2030 (Usd Million)
Table 12 North America Air Source Heat Pumps In Heat Pump Market, By Category, 2021-2030 (Usd Million)
Table 13 North America Geothermal Heat Pumps In Heat Pump Market, By Loop, 2021-2030 (Usd Million)
Table 14 North America Heat Pump Market, By Application, 2021-2030 (Usd Million)
Table 15 North America Residential In Heat Pump Market, By Type, 2021-2030 (Usd Million)
Table 16 North America Commercial In Heat Pump Market, By Type, 2021-2030 (Usd Million)
Table 17 North America Industrial In Heat Pump Market, By Type, 2021-2030 (Usd Million)
Table 18 North America Heat Pump Market, By Country, 2021-2030 (Usd Million)
Table 19 U.S. Heat Pump Market, By Type, 2021-2030 (Usd Million)
Table 20 U.S. Heat Pump Market, By Component, 2021-2030 (Usd Million)
Table 21 U.S. Hardware In Heat Pump Market, By Type, 2021-2030 (Usd Million)
Table 22 U.S. Services In Heat Pump Market, By Type, 2021-2030 (Usd Million)
Table 23 U.S. Installation Cost In Heat Pump Market, By Type, 2021-2030 (Usd Million)
Table 24 U.S. Heat Pump Market, By Capacity, 2021-2030 (Usd Million)
Table 25 U.S. Heat Pump Market, By Power Source, 2021-2030 (Usd Million)
Table 26 U.S. Heat Pump Market, By Refrigerant Type, 2021-2030 (Usd Million)
Table 27 U.S. Heat Pump Market, By Cycle Type, 2021-2030 (Usd Million)
Table 28 U.S. Heat Pump Market, By System Type, 2021-2030 (Usd Million)
Table 29 U.S. Air Source Heat Pumps In Heat Pump Market, By Category, 2021-2030 (Usd Million)
Table 30 U.S. Geothermal Heat Pumps In Heat Pump Market, By Loop, 2021-2030 (Usd Million)
Table 31 U.S. Heat Pump Market, By Application, 2021-2030 (Usd Million)
Table 32 U.S. Residential In Heat Pump Market, By Type, 2021-2030 (Usd Million)
Table 33 U.S. Commercial In Heat Pump Market, By Type, 2021-2030 (Usd Million)
Table 34 U.S. Industrial In Heat Pump Market, By Type, 2021-2030 (Usd Million)
Table 35 Canada Heat Pump Market, By Type, 2021-2030 (Usd Million)
Table 36 Canada Heat Pump Market, By Component, 2021-2030 (Usd Million)
Table 37 Canada Hardware In Heat Pump Market, By Type, 2021-2030 (Usd Million)
Table 38 Canada Services In Heat Pump Market, By Type, 2021-2030 (Usd Million)
Table 39 Canada Installation Cost In Heat Pump Market, By Type, 2021-2030 (Usd Million)
Table 40 Canada Heat Pump Market, By Capacity, 2021-2030 (Usd Million)
Table 41 Canada Heat Pump Market, By Power Source, 2021-2030 (Usd Million)
Table 42 Canada Heat Pump Market, By Refrigerant Type, 2021-2030 (Usd Million)
Table 43 Canada Heat Pump Market, By Cycle Type, 2021-2030 (Usd Million)
Table 44 Canada Heat Pump Market, By System Type, 2021-2030 (Usd Million)
Table 45 Canada Air Source Heat Pumps In Heat Pump Market, By Category, 2021-2030 (Usd Million)
Table 46 Canada Geothermal Heat Pumps In Heat Pump Market, By Loop, 2021-2030 (Usd Million)
Table 47 Canada Heat Pump Market, By Application, 2021-2030 (Usd Million)
Table 48 Canada Residential In Heat Pump Market, By Type, 2021-2030 (Usd Million)
Table 49 Canada Commercial In Heat Pump Market, By Type, 2021-2030 (Usd Million)
Table 50 Canada Industrial In Heat Pump Market, By Type, 2021-2030 (Usd Million)
Table 51 Mexico Heat Pump Market, By Type, 2021-2030 (Usd Million)
Table 52 Mexico Heat Pump Market, By Component, 2021-2030 (Usd Million)
Table 53 Mexico Hardware In Heat Pump Market, By Type, 2021-2030 (Usd Million)
Table 54 Mexico Services In Heat Pump Market, By Type, 2021-2030 (Usd Million)
Table 55 Mexico Installation Cost In Heat Pump Market, By Type, 2021-2030 (Usd Million)
Table 56 Mexico Heat Pump Market, By Capacity, 2021-2030 (Usd Million)
Table 57 Mexico Heat Pump Market, By Power Source, 2021-2030 (Usd Million)
Table 58 Mexico Heat Pump Market, By Refrigerant Type, 2021-2030 (Usd Million)
Table 59 Mexico Heat Pump Market, By Cycle Type, 2021-2030 (Usd Million)
Table 60 Mexico Heat Pump Market, By System Type, 2021-2030 (Usd Million)
Table 61 Mexico Air Source Heat Pumps In Heat Pump Market, By Category, 2021-2030 (Usd Million)
Table 62 Mexico Geothermal Heat Pumps In Heat Pump Market, By Loop, 2021-2030 (Usd Million)
Table 63 Mexico Heat Pump Market, By Application, 2021-2030 (Usd Million)
Table 64 Mexico Residential In Heat Pump Market, By Type, 2021-2030 (Usd Million)
Table 65 Mexico Commercial In Heat Pump Market, By Type, 2021-2030 (Usd Million)
Table 66 Mexico Industrial In Heat Pump Market, By Type, 2021-2030 (Usd Million) 97
List Of Figures
Figure 1 North America Heat Pump Market: Segmentation
Figure 2 North America Heat Pump Market: Data Triangulation
Figure 3 North America Heat Pump Market: Droc Analysis
Figure 4 North America Heat Pump Market: Regional Vs Country Market Analysis
Figure 5 North America Heat Pump Market: Company Research Analysis
Figure 6 North America Heat Pump Market: Interview Demographics
Figure 7 North America Heat Pump Market: Dbmr Market Position Grid
Figure 8 North America Heat Pump Market: Vendor Share Analysis
Figure 9 North America Heat Pump Market: Market Application Coverage Grid
Figure 10 North America Heat Pump Market: Segmentation
Figure 11 Upsurge In Demand For Geothermal Heat Pumps Is Expected To Drive The North America Heat Pump Market In The Forecast Period Of 2023 To 2030
Figure 12 Air-to-water Heat Pump Component Segment Is Expected To Account For The Largest Share Of The North America Heat Pump Market In 2023 & 2030
Figure 13 Porter’s Five Forces
Figure 14 Drivers, Restraints, Opportunities, And Challenge Of The North America Heat Pump Market
Figure 15 North America Heat Pump Market: By Type, 2022
Figure 16 North America Heat Pump Market: By Component, 2022
Figure 17 North America Heat Pump Market: By Capacity, 2022
Figure 18 North America Heat Pump Market: By Power Source, 2022
Figure 19 North America Heat Pump Market: By Refrigerant Type,2022
Figure 20 North America Heat Pump Market: By Cycle Type, 2022
Figure 21 North America Heat Pump Market: By System Type, 2022
Figure 22 North America Heat Pump Market: By Application, 2022
Figure 23 North America Heat Pump Market: Snapshot (2022)
Figure 24 North America Heat Pump Market: By Country (2022)
Figure 25 North America Heat Pump Market: By Country (2023 & 2030)
Figure 26 North America Heat Pump Market: By Country (2022 & 2030)
Figure 27 North America Heat Pump Market: By Type (2023-2030)
Figure 28 North America Heat Pump Market: Company Share 2022 (%) 98

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