Global Air to Water Split Heat Pumps Market Growth 2025-2031

The global Air to Water Split Heat Pumps market size is predicted to grow from US$ 2104 million in 2025 to US$ 3720 million in 2031; it is expected to grow at a CAGR of 10.0% from 2025 to 2031.

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.

LP Information, Inc. (LPI) ' newest research report, the “Air to Water Split Heat Pumps Industry Forecast” looks at past sales and reviews total world Air to Water Split Heat Pumps sales in 2024, providing a comprehensive analysis by region and market sector of projected Air to Water Split Heat Pumps sales for 2025 through 2031. With Air to Water Split Heat Pumps sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Air to Water Split Heat Pumps industry.

This Insight Report provides a comprehensive analysis of the global Air to Water Split Heat Pumps landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Air to Water Split Heat Pumps portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Air to Water Split Heat Pumps market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Air to Water Split Heat Pumps and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Air to Water Split Heat Pumps.

This report presents a comprehensive overview, market shares, and growth opportunities of Air to Water Split Heat Pumps market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
5 KW Below
5-10 KW
10-15 KW
15-20 KW
20 KW Above

Segmentation by Application:
Residential
Commercial
Industrial

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Air to Water Split Heat Pumps market?

What factors are driving Air to Water Split Heat Pumps market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Air to Water Split Heat Pumps market opportunities vary by end market size?

How does Air to Water Split Heat Pumps break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.