Global Commercial Heat Pump Market Growth 2025-2031

The global Commercial Heat Pump market size is predicted to grow from US$ 40700 million in 2025 to US$ 98610 million in 2031; it is expected to grow at a CAGR of 15.9% from 2025 to 2031.

Commercial heat pumps take natural thermal energy from the air, ground, or water and turn it into heat that can be used for hot water and heating systems. They are an alternative to the traditional gas boilers that are currently used to heat business properties up and down the world.

United States market for Commercial Heat Pump is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Commercial Heat Pump is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Commercial Heat Pump is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Commercial Heat Pump players cover Daikin Industries, Mitsubishi Electric, Fujitsu General, LG Electronics, Haier, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

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

This Insight Report provides a comprehensive analysis of the global Commercial Heat Pump 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 Commercial Heat Pump portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Commercial Heat Pump market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Commercial Heat Pump 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 Commercial Heat Pump.

This report presents a comprehensive overview, market shares, and growth opportunities of Commercial Heat Pump market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Air Source
Water Source
Geothermal

Segmentation by Application:
Office Building
Hospital
Airport
Other

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.
Daikin Industries
Mitsubishi Electric
Fujitsu General
LG Electronics
Haier
Panasonic
Carrier
Midea
NIBE
Glen Dimplex
Bosch Thermotechnik
Vaillant
Gree
A. O. Smith
Phnix
Viessmann
BDR Thermea Group
Stiebel Eltron GmbH & Co.
Power World
Wotech
Swegon Group AB
Aermec
TONGYI
Danfoss (Thermia)
Airwell
Bryant Heating & Cooling
Emerson

Key Questions Addressed in this Report

What is the 10-year outlook for the global Commercial Heat Pump market?

What factors are driving Commercial Heat Pump market growth, globally and by region?

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

How do Commercial Heat Pump market opportunities vary by end market size?

How does Commercial Heat Pump break out by Type, by Application?

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