Global Air to Water Split Heat Pumps Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Air to Water Split Heat Pumps market size was valued at US$ 2038 million in 2024 and is forecast to a readjusted size of USD 3790 million by 2031 with a CAGR of 9.4% during review period.

Air to Water Split Heat Pump is comprised of two pieces. One piece called the outdoor unit is destined to be installed outside and the second piece, called the indoor unit is destined to be installed inside. Split ATW Heat Pump does not require Water/Glycol Mixture in cold climates, since the link between indoor and outdoor unit is made by refrigerant copper lines (refrigerant is a fluid that does not freeze).

The Split Air-to-Water Heat Pumps market is driven by various factors that contribute to its growth and demand. Here are some of the key drivers for the market:

Energy Efficiency: Split air-to-water heat pumps are designed to efficiently extract heat from the outdoor air and transfer it to a water-based heating system. This energy-efficient technology helps reduce heating costs and lower energy consumption.

Environmental Concerns: With increasing concerns about environmental sustainability and carbon emissions, the demand for eco-friendly heating solutions like split air-to-water heat pumps is on the rise.

Renewable Heating: Split air-to-water heat pumps utilize renewable energy from the air, making them a more sustainable heating option compared to traditional fossil fuel-based systems.

Government Incentives: Many governments offer incentives, subsidies, or tax credits to promote the adoption of energy-efficient and renewable heating technologies, which drives the demand for split air-to-water heat pumps.

Reduced Operating Costs: Split heat pumps can significantly reduce operating costs over the long term, making them an attractive option for homeowners and businesses seeking cost-effective heating solutions.

Low Emissions: These heat pumps produce lower greenhouse gas emissions compared to conventional heating systems, aligning with global efforts to mitigate climate change.

Heating and Cooling Capability: Split heat pumps can provide both heating and cooling, offering a versatile solution for year-round comfort.

Zoning and Individual Control: Split systems allow for zoning and individual control of different areas within a building, enhancing energy efficiency and customization.

Quiet Operation: Advances in technology have led to quieter operation of split air-to-water heat pumps, making them suitable for residential and commercial installations.

Ease of Installation: Split heat pumps consist of indoor and outdoor units, simplifying installation and allowing flexibility in unit placement.

Space Savings: The compact indoor unit design of split heat pumps makes them suitable for installations with limited interior space.

Remote Control and Monitoring: Many split heat pump models come with smart features that allow users to remotely control and monitor their heating and cooling systems, enhancing convenience and control.

Rising Energy Costs: As energy costs continue to rise, consumers are seeking more energy-efficient alternatives to traditional heating and cooling systems, driving the demand for split heat pumps.

Growing Construction Industry: The construction of new residential and commercial buildings provides opportunities for the integration of energy-efficient heating and cooling solutions.

Residential Retrofitting: Homeowners upgrading or retrofitting their heating and cooling systems often choose split air-to-water heat pumps to improve energy efficiency.

Commercial Applications: Split heat pumps are suitable for a range of commercial applications, including hotels, offices, and retail spaces, contributing to market growth.

Urbanization and Infrastructure Development: Rapid urbanization and infrastructure projects create demand for modern and energy-efficient HVAC solutions.

Consumer Awareness: Increasing awareness about the benefits of split air-to-water heat pumps, including their energy savings and environmental advantages, drives consumer interest.

Technological Advancements: Ongoing advancements in heat pump technology lead to improved performance, efficiency, and reliability.

Regional Climate Variations: Split heat pumps are suitable for various climates, making them applicable in both colder and milder regions.

This report is a detailed and comprehensive analysis for global Air to Water Split Heat Pumps market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Air to Water Split Heat Pumps market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Air to Water Split Heat Pumps market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Air to Water Split Heat Pumps market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Air to Water Split Heat Pumps market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Air to Water Split Heat Pumps

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Air to Water Split Heat Pumps market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Toshiba, Panasonic, Dimplex, Hitachi, LG, Carrier, NIBE, GE Appliances, Rinnai, Denso, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Air to Water Split Heat Pumps market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
5 KW Below
5-10 KW
10-15 KW
15-20 KW
20 KW Above

Market segment by Application
Residential
Commercial
Industrial

Major players covered
Toshiba
Panasonic
Dimplex
Hitachi
LG
Carrier
NIBE
GE Appliances
Rinnai
Denso
Fujitsu General
A. O. Smith
Stiebel Eltron GmbH
Ochsner
New Energy
Daikin
Thermia
BDR Thermea Group
Vaillant
WOLF GmbH
Wotech
Gree Electric

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Air to Water Split Heat Pumps product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Air to Water Split Heat Pumps, with price, sales quantity, revenue, and global market share of Air to Water Split Heat Pumps from 2020 to 2025.

Chapter 3, the Air to Water Split Heat Pumps competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Air to Water Split Heat Pumps breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Air to Water Split Heat Pumps market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Air to Water Split Heat Pumps.

Chapter 14 and 15, to describe Air to Water Split Heat Pumps sales channel, distributors, customers, research findings and conclusion.