Global Heat Pumps Market Growth 2023-2029

Global Heat Pumps Market Growth 2023-2029

A Heat Pump is a device that provides heat energy from a source of heat to a destination called a "heat sink". Heat pumps are designed to move thermal energy opposite to the direction of spontaneous heat flow by absorbing heat from a cold space and releasing it to a warmer one. A heat pump uses some amount of external power to accomplish the work of transferring energy from the heat source to the heat sink.

LPI (LP Information)' newest research report, the “Heat Pumps Industry Forecast” looks at past sales and reviews total world Heat Pumps sales in 2022, providing a comprehensive analysis by region and market sector of projected Heat Pumps sales for 2023 through 2029. With Heat Pumps sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Heat Pumps industry.

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

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

The global Heat Pumps market size is projected to grow from US$ 7926.8 million in 2022 to US$ 11610 million in 2029; it is expected to grow at a CAGR of 11610 from 2023 to 2029.

Global Heat Pumps key players include Daikin, Mitsubishi, Atlantic, NIBE Industrier, Hitachi, etc. Global top five players hold a share about 45%.

China is the largest market, with a share about 40%, followed by Europe and Japan, having a total share about 40 percent.

In terms of product, Air to Water Monobloc is the largest segment, with a share about 75%. And in terms of application, the largest application is Residential Heat Pumps, followed by Industrial Heat Pumps, Commercial Heat Pumps.

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

Market Segmentation:

Segmentation by type

Air to Water Monobloc

Air to Water Cylinder

Ground/Water to Water

Air to Water Split

Exhaust Air

Segmentation by application

Residential Heat Pumps

Industrial Heat Pumps

Commercial Heat Pumps

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 analyzing the company's coverage, product portfolio, its market penetration.

Daikin

Mitsubishi

Atlantic

NIBE Industrier

Hitachi

Bosch

Panasonic

Aermec

STIEBEL ELTRON

CIAT

Fujitsu

Vaillant

Danfoss Group

Carrier

Rheem

Johnson Controls

Calorex

Kensa

Maritime Geothermal

Thermia

ClimateMaster

Bryant

Midea

GREE Electric

Sirac

Anywhere

Fuerda

Tongyi Electrical

AMITIME

Zhengxu

Key Questions Addressed in this Report

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

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

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

How do Heat Pumps market opportunities vary by end market size?

How does Heat Pumps break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

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