Air-to-Air Heat Pumps Market
Air-to-Air Heat Pumps Market Global Industry Assessment & Forecast
- By Product Small Sized Unit Heat Pumps, Medium Sized Unit Heat Pumps, Large Sized Unit Heat Pumps
- By Application Residential, Commercial, Industrial
|Forecast Years:||2021 - 2028|
|Historical Years:||2016 - 2020|
|Revenue 2021:||51.2 Billion|
|Revenue 2028:||112.40 Billion|
|Revenue CAGR (2021 - 2028):||10.31%|
|Fastest Growing Region (2022 - 2028)||Asia Pacific|
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
The global Air-to-Air Heat Pumps market was valued at USD 51.2 Billion in 2020 and is projected to reach USD 112.40 Billion by 2028, growing at a CAGR of 10.31%% from 2021 to 2028.
|Historical Data (Actual Data)||2016-2020|
|Base Year Data||2020|
|Current Year Date||2021|
|Projected year data||2021-2026|
|Annual Market Size (2028)||112.40 Billion|
|Annual Market Size (2021)|
|CAGR (2021 - 2028)||10.31%%|
Definition and Overview
An air-source heat pump can provide efficient heating and cooling for your home. When properly installed, an air-source heat pump can deliver up to three times more heat energy to a home than the electrical energy it consumes.
The global Air-to-Air Heat Pumps market report provides exhaustive analysis on segments, regions/countries, companies, and such several strategic marketing tools such as Porter’s Five Forces Analysis, Pricing Analysis, SWOT Analysis, PESTLE Analysis, Player Positioning Analysis, Downstream Buyers, List of distributors, and Value Chain Analysis among others. The report covers market size and estimations for each segment/region/country for the years 2016–2028. It provides a detailed study on various product types and their applications in different industry verticals at the global/regional/country level. Moreover, the report includes a thorough analysis on competitive landscape comprising of extensive company profiles based on various parameters such as company overview, market revenue, business, product portfolio, and marketing strategies among others.
COVID-19 Impact Analysis
Outbreak of COVID-19 in 2020 compelled governments across the world to take severe actions like border seals, lockdown, and implementing strict social distancing measures, in order to restrict swift spread of COVID-19. However, these actions had a drastic impact on the global economy, as the companies across the globe were forced to either close or partially closed their operations, leading to supply chain disruptions and impairing of various industries. Moreover, in 2021 several key markets such as U.S., India, and Brazil among other witnessed second wave of COVID-19 that further disrupted the market. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.
The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:
o Impact Assessment of COVID-19 Pandemic
o Pre & Post COVID-19 Market Size
o Qualitative analysis on the short term & long-term impact of COVID-19 on the market
o The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.
Global Air-to-Air Heat Pumps Market Report Scope
|Market Size Provided for Years||2016-2028|
|Market Size Provided In Terms Of||Revenue & Volume|
|Segments Covered||Product, Application|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Countries Covered||The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Companies Covered||A. O. Smith, Bryant, Daikin Industries, Fujitsu General, Danfoss, Viessmann, LG Electronics, Bosch Thermotechnik, Carrier, Ingersoll-Rand, Mitsubishi Electric, Aermec, Panasonic, lennox, NIBE, Sanden International.|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and Asia Pacific, company market share analysis, and COVID-19 impact analysis|
The report delivers an acute breakdown of the market based on various segments such as Product, Application and region. This study comprises the market size in terms of revenue for each segment at the global/regional/country level along with a detailed analysis of growth prospects, challenges, and opportunities.
On the basis of Product, the market is divided into Small Sized Unit Heat Pumps, Medium Sized Unit Heat Pumps, Large Sized Unit Heat Pumps,. Medium Sized Unit Heat Pumps is expected to dominate the market and is projected to grow at a noteworthy CAGR within the forecast period.
Based on Application, the market is divided into Residential, Commercial, Industrial. Industrial attributed to the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.
Global Air-to-Air Heat Pumps Market: Product Segment Analysis
- Small Sized Unit Heat Pumps
- Medium Sized Unit Heat Pumps
- Large Sized Unit Heat Pumps
Global Air-to-Air Heat Pumps Market: Application Segment Analysis
Regional Analysis: Preview
Geographically, the global Air-to-Air Heat Pumps market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The report further segments the regional study into key country-level markets from each region. The regional analysis section provides extensive analysis on various factors impacting market growth such as economies, industry competition, technological advancements, import-export ratio, and raw material availability among others. Moreover, the same section will provide your detailed qualitative as well as quantitative analysis for each region country comprising of market size and estimations for each region/country. Some of the prominent country-level markets are U.S., China, Germany, France, India, and Japan. Asia Pacific is anticipated to dominate the global market during upcoming years.
Market Size, 2021 (USD Billion)
Global Air-to-Air Heat Pumps Market: Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Major players in the global Air-to-Air Heat Pumps market are A. O. Smith, Bryant, Daikin Industries, Fujitsu General, Danfoss, Viessmann, LG Electronics, Bosch Thermotechnik, Carrier, Ingersoll-Rand, Mitsubishi Electric, Aermec, Panasonic, lennox, NIBE, Sanden International.. The global Air-to-Air Heat Pumps market report analyzes competitive scenario in detail that includes extensive information on all key players based on business overview, product portfolio, marketing strategies, recent developments, financial performance, and geographical presence among others. In addition to that, the report also covers company market share for the year 2020 along with in depth strategic developments.
Global Air-to-Air Heat Pumps Market: Key Highlights
- The global Air-to-Air Heat Pumps market was valued at USD 51.2 Billion in 2020.
- The global Air-to-Air Heat Pumps Market is projected to reach USD 112.40 Billion by 2028
- is fueling the market growth
- Asia Pacific held the highest share of the Air-to-Air Heat Pumps market in 2020.
- Some of the major companies operating in the Air-to-Air Heat Pumps market are A. O. Smith, Bryant, Daikin Industries, Fujitsu General, Danfoss, Viessmann, LG Electronics, Bosch Thermotechnik, Carrier, Ingersoll-Rand, Mitsubishi Electric, Aermec, Panasonic, lennox, NIBE, Sanden International..
Frequently Asked Question
What is the global demand for Air-to-Air Heat Pumps in terms of revenue?
The global Air-to-Air Heat Pumps valued at 51.2 Billion in 2020 and is expected to reach 112.40 Billion in 2028 growing at a CAGR of 10.31%%.
Which are the prominent players in the market?
The prominent players in the market are A. O. Smith, Bryant, Daikin Industries, Fujitsu General, Danfoss, Viessmann, LG Electronics, Bosch Thermotechnik, Carrier, Ingersoll-Rand, Mitsubishi Electric, Aermec, Panasonic, lennox, NIBE, Sanden International..
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 10.31%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
The driving factors of the Air-to-Air Heat Pumps include
- The significant contribution of heat pumping technology in reduction of CO2–emissions is is anticipated to augment the growth of the market over the forecast period.
- The increasing government regulations for increasing energy efficiency and favourable incentives with a focus on reducing the carbon emission coupled with rapid urbanization and commercialization are further expected to fuel the growth of the market in the years to come.
Which region accounted for the largest share in the market?
Asia Pacific was the leading regional segment of the Air-to-Air Heat Pumps in 2020.