Industrial Heat Pumps Market 2025-2029
The industrial heat pumps market is forecasted to grow by USD 754.8 million during 2024-2029, accelerating at a CAGR of 5.8% during the forecast period. The report on the industrial heat pumps market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising focus on improving energy efficiency by industries, growing focus on high-temperature heat pumps, and emerging regulations and increasing government initiatives to reduce emissions.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's industrial heat pumps market is segmented as below:
By End-user
- Paper and pulp
- Food and beverage
- Chemical
- Automotive
- Others
- Air-to-air heat pumps
- Air-to-water heat pumps
- Water source heat pumps
- Ground source heat pumps
- Hybrid heat pumps
- Europe
- APAC
- North America
- Middle East and Africa
- South America
The report on the industrial heat pumps market covers the following areas:
- Industrial Heat Pumps Market sizing
- Industrial Heat Pumps Market forecast
- Industrial Heat Pumps Market industry analysis
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
- Executive Summary
- Market overview
- Table Executive Summary - Data Table on Market Overview
- Table Executive Summary - Data Table on Incremental Growth
- Technavio Analysis
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Criticality of inputs and Factors of differentiation
- Factors of disruption
- Impact of drivers and challenges
- Market overview
- Market Landscape
- Market ecosystem
- Table Data Table on - Parent Market
- Market characteristics
- Value chain analysis
- Market Sizing
- Market definition
- Market segment analysis
- Market size 2024
- Market outlook: Forecast for 2024-2029
- Table Data Table on Global - Market size and forecast 2024-2029 ($ million)
- Table Data Table on Global Market: Year-over-year growth 2024-2029 (%)
- Historic Market Size
- Global Industrial Heat Pumps Market 2019 - 2023
- Table Historic Market Size - Data Table on Global Industrial Heat Pumps Market 2019 - 2023 ($ million)
- End-user segment analysis 2019 - 2023
- Type segment analysis 2019 - 2023
- Geography segment analysis 2019 - 2023
- Country segment analysis 2019 - 2023
- Qualitative Analysis
- Impact of AI on Global Industrial Heat Pumps Market
- Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
- Market Segmentation by End-user
- Market segments
- Table Data Table on End-user - Market share 2024-2029 (%)
- Comparison by End-user
- Table Data Table on Comparison by End-user
- Paper and pulp - Market size and forecast 2024-2029
- Table Data Table on Paper and pulp - Market size and forecast 2024-2029 ($ million)
- Table Data Table on Paper and pulp - Year-over-year growth 2024-2029 (%)
- Food and beverage - Market size and forecast 2024-2029
- Table Data Table on Food and beverage - Market size and forecast 2024-2029 ($ million)
- Table Data Table on Food and beverage - Year-over-year growth 2024-2029 (%)
- Chemical - Market size and forecast 2024-2029
- Table Data Table on Chemical - Market size and forecast 2024-2029 ($ million)
- Table Data Table on Chemical - Year-over-year growth 2024-2029 (%)
- Automotive - Market size and forecast 2024-2029
- Table Data Table on Automotive - Market size and forecast 2024-2029 ($ million)
- Table Data Table on Automotive - Year-over-year growth 2024-2029 (%)
- Others - Market size and forecast 2024-2029
- Table Data Table on Others - Market size and forecast 2024-2029 ($ million)
- Table Data Table on Others - Year-over-year growth 2024-2029 (%)
- Market opportunity by End-user
- Table Data Table on Market opportunity by End-user ($ million)
- Market Segmentation by Type
- Market segments
- Table Data Table on Type - Market share 2024-2029 (%)
- Comparison by Type
- Table Data Table on Comparison by Type
- Air-to-air heat pumps - Market size and forecast 2024-2029
- Table Data Table on Air-to-air heat pumps - Market size and forecast 2024-2029 ($ million)
- Table Data Table on Air-to-air heat pumps - Year-over-year growth 2024-2029 (%)
- Air-to-water heat pumps - Market size and forecast 2024-2029
- Table Data Table on Air-to-water heat pumps - Market size and forecast 2024-2029 ($ million)
- Table Data Table on Air-to-water heat pumps - Year-over-year growth 2024-2029 (%)
- Water source heat pumps - Market size and forecast 2024-2029
- Table Data Table on Water source heat pumps - Market size and forecast 2024-2029
- Table Data Table on Water source heat pumps - Year-over-year growth 2024-2029 (%)
- Ground source heat pumps - Market size and forecast 2024-2029
- Table Data Table on Ground source heat pumps - Market size and forecast 2024-2029 ($ million)
- Table Data Table on Ground source heat pumps - Year-over-year growth 2024-2029 (%)
- Hybrid heat pumps - Market size and forecast 2024-2029
- Table Data Table on Hybrid heat pumps - Market size and forecast 2024-2029 ($ million)
- Table Data Table on Hybrid heat pumps - Year-over-year growth 2024-2029 (%)
- Market opportunity by Type
- Table Data Table on Market opportunity by Type ($ million)
- Customer Landscape
- Customer landscape overview
- Geographic Landscape
- Geographic segmentation
- Table Data Table on Market share by geography 2024-2029 (%)
- Geographic comparison
- Table Data Table on Geographic comparison
- Europe - Market size and forecast 2024-2029
- Table Data Table on Europe - Market size and forecast 2024-2029 ($ million)
- Table Data Table on Europe - Year-over-year growth 2024-2029 (%)
- APAC - Market size and forecast 2024-2029
- Table Data Table on APAC - Market size and forecast 2024-2029 ($ million)
- Table Data Table on APAC - Year-over-year growth 2024-2029 (%)
- North America - Market size and forecast 2024-2029
- Table Data Table on North America - Market size and forecast 2024-2029 ($ million)
- Table Data Table on North America - Year-over-year growth 2024-2029 (%)
- Middle East and Africa - Market size and forecast 2024-2029
- Table Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Table Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- South America - Market size and forecast 2024-2029
- Table Data Table on South America - Market size and forecast 2024-2029 ($ million)
- Table Data Table on South America - Year-over-year growth 2024-2029 (%)
- US - Market size and forecast 2024-2029
- Table Data Table on US - Market size and forecast 2024-2029 ($ million)
- Table Data Table on US - Year-over-year growth 2024-2029 (%)
- Italy - Market size and forecast 2024-2029
- Table Data Table on Italy - Market size and forecast 2024-2029 ($ million)
- Table Data Table on Italy - Year-over-year growth 2024-2029 (%)
- China - Market size and forecast 2024-2029
- Table Data Table on China - Market size and forecast 2024-2029 ($ million)
- Table Data Table on China - Year-over-year growth 2024-2029 (%)
- Japan - Market size and forecast 2024-2029
- Table Data Table on Japan - Market size and forecast 2024-2029 ($ million)
- Table Data Table on Japan - Year-over-year growth 2024-2029 (%)
- Germany - Market size and forecast 2024-2029
- Table Data Table on Germany - Market size and forecast 2024-2029 ($ million)
- Table Data Table on Germany - Year-over-year growth 2024-2029 (%)
- UK - Market size and forecast 2024-2029
- Table Data Table on UK - Market size and forecast 2024-2029 ($ million)
- Table Data Table on UK - Year-over-year growth 2024-2029 (%)
- Canada - Market size and forecast 2024-2029
- Table Data Table on Canada - Market size and forecast 2024-2029 ($ million)
- Table Data Table on Canada - Year-over-year growth 2024-2029 (%)
- India - Market size and forecast 2024-2029
- Table Data Table on India - Market size and forecast 2024-2029 ($ million)
- Table Data Table on India - Year-over-year growth 2024-2029 (%)
- France - Market size and forecast 2024-2029
- Table Data Table on France - Market size and forecast 2024-2029 ($ million)
- Table Data Table on France - Year-over-year growth 2024-2029 (%)
- Brazil - Market size and forecast 2024-2029
- Table Data Table on Brazil - Market size and forecast 2024-2029 ($ million)
- Table Data Table on Brazil - Year-over-year growth 2024-2029 (%)
- Market opportunity by geography
- Table Data Tables on Market opportunity by geography ($ million)
- Drivers, Challenges, and Opportunity/Restraints
- Market drivers
- Rising focus on improving energy efficiency by industries
- Growing focus on high-temperature heat pumps
- Emerging regulations and increasing government initiatives to reduce emissions
- Market challenges
- High initial cost and limitations of heat pumps
- Lack of awareness about the benefits of heat pumps
- Stringent regulations on use of refrigerants
- Impact of drivers and challenges
- Market opportunities/restraints
- Advent of smart heat pumps
- Increased adoption of solar-powered heat pumps
- Emerging demand for advanced heat pumps
- Market ecosystem
- Competitive Landscape
- Overview
- Competitive Landscape
- Landscape disruption
- Industry risks
- Competitive Analysis
- Companies profiled
- Company ranking index
- Market positioning of companies
- Bard HVAC
- Bosch Industriekessel GmbH
- Carrier Global Corp.
- Daikin Industries Ltd.
- Danfoss AS
- Emerson Electric Co.
- Johnson Controls International Plc
- Lennox International Inc.
- LG Corp.
- MAYEKAWA MFG. CO. LTD.
- Mitsubishi Electric Corp.
- NIBE Industrier AB
- OCHSNER Warmepumpen GmbH
- Oilon Group Oy
- Rheem Manufacturing Co.
- Appendix
- Scope of the report
- Market definition
- Objectives
- Notes and caveats
- Inclusions and exclusions checklist
- Currency conversion rates for US$
- Research methodology
- Data procurement
- Data validation
- Validation techniques employed for market sizing
- Data synthesis
- 360 degree market analysis
- List of abbreviations
- Scope of the report
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