Global Industrial Heat Pumps Market Growth 2025-2031

The global Industrial Heat Pumps market size is predicted to grow from US$ 649 million in 2025 to US$ 1023 million in 2031; it is expected to grow at a CAGR of 7.9% from 2025 to 2031.

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.

Global Industrial Heat Pumps companies include KOBELCO, Oilon, GEA Refrigeration, Emerson Electric and Johnson Controls, etc. Global top 5 companies hold a share over 30%. China is the largest market, with a share about 40%, followed by Europe and North America.

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

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

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

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

Segmentation by Type:
70°C below
70°C - 90°C
90°C - 120°C
120°C above

Segmentation by Application:
Chemical
Food & Beverage
Paper & Plup
Oil Refining
Metal Industry
Machinery Manufacturing
Electronics
Others

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.
KOBELCO
Oilon
GEA Refrigeration
Emerson Electric
Johnson Controls
Mayekawa
Star Refrigeration
OCHSNER
ENGIE Refrigeration
Friotherm
Combitherm
Frigopol
PHNIX Technology
NKXTA
Moon Environment Technology
Zhengxu New Energy Equipment Technology
Lingye Energy Saving Technology
Keling Energy Saving

Key Questions Addressed in this Report

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

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

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

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

How does Industrial Heat Pumps break out by Type, by Application?

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