Request Sample Inquiry
Heat Pump Market

Heat Pump Market

Heat Pump Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

141

Base Year:

2022

Date

May - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1606

Segments Covered
  • By Type By Type Air-to-Air Heat Pump, Air-to-Water Heat Pump, Water Source Heat Pump Ground Source (Geothermal) Heat Pump, Hybrid Heat Pump
  • By Capacity By Capacity Up to 10 kW, 10 – 20 kW, 20 – 30 kW, Above 30 kW
  • By Refrigerant Type By Refrigerant Type R410A, R407C, R744, Others
  • By End User By End User Residential, Commercial, Industrial
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 56.78 Billion
Revenue 2030Revenue 2030: USD 114.80 Billion
Revenue CAGRRevenue CAGR (2023 - 2030): 9.20%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst

Heat Pump Market Segment Analysis

  • Heat Pump Type Outlook (Revenue, USD Million, 2018 - 2030)
    • Air-to-Air Heat Pump
    • Air-to-Water Heat Pump
    • Water Source Heat Pump Ground Source (Geothermal) Heat Pump
    • Hybrid Heat Pump
  • Heat Pump Capacity Outlook (Revenue, USD Million, 2018 - 2030)
    • Up to 10 kW
    • 10 – 20 kW
    • 20 – 30 kW
    • Above 30 kW
  • Heat Pump Refrigerant Type Outlook (Revenue, USD Million, 2018 - 2030)
    • R410A
    • R407C
    • R744
    • Others
  • Heat Pump End User Outlook (Revenue, USD Million, 2018 - 2030)
    • Residential
    • Commercial
    • Industrial
  • Regional Outlook (Revenue, USD Billion/Million, 2018 - 2030)
    • North America
      • North America Heat Pump Market, by Type
        • Air-to-Air Heat Pump
        • Air-to-Water Heat Pump
        • Water Source Heat Pump Ground Source (Geothermal) Heat Pump
        • Hybrid Heat Pump
      • North America Heat Pump Market, by Capacity
        • Up to 10 kW
        • 10 – 20 kW
        • 20 – 30 kW
        • Above 30 kW
      • North America Heat Pump Market, by Refrigerant Type
        • R410A
        • R407C
        • R744
        • Others
      • North America Heat Pump Market, by End User
        • Residential
        • Commercial
        • Industrial
      • U.S.
        • U.S. Heat Pump Market, by Type
          • Air-to-Air Heat Pump
          • Air-to-Water Heat Pump
          • Water Source Heat Pump Ground Source (Geothermal) Heat Pump
          • Hybrid Heat Pump
        • U.S. Heat Pump Market, by Capacity
          • Up to 10 kW
          • 10 – 20 kW
          • 20 – 30 kW
          • Above 30 kW
        • U.S. Heat Pump Market, by Refrigerant Type
          • R410A
          • R407C
          • R744
          • Others
        • U.S. Heat Pump Market, by End User
          • Residential
          • Commercial
          • Industrial
      • Canada
        • Canada Heat Pump Market, by Type
          • Air-to-Air Heat Pump
          • Air-to-Water Heat Pump
          • Water Source Heat Pump Ground Source (Geothermal) Heat Pump
          • Hybrid Heat Pump
        • Canada Heat Pump Market, by Capacity
          • Up to 10 kW
          • 10 – 20 kW
          • 20 – 30 kW
          • Above 30 kW
        • Canada Heat Pump Market, by Refrigerant Type
          • R410A
          • R407C
          • R744
          • Others
        • Canada Heat Pump Market, by End User
          • Residential
          • Commercial
          • Industrial
      • Mexico
        • Mexico Heat Pump Market, by Type
          • Air-to-Air Heat Pump
          • Air-to-Water Heat Pump
          • Water Source Heat Pump Ground Source (Geothermal) Heat Pump
          • Hybrid Heat Pump
        • Mexico Heat Pump Market, by Capacity
          • Up to 10 kW
          • 10 – 20 kW
          • 20 – 30 kW
          • Above 30 kW
        • Mexico Heat Pump Market, by Refrigerant Type
          • R410A
          • R407C
          • R744
          • Others
        • Mexico Heat Pump Market, by End User
          • Residential
          • Commercial
          • Industrial
    • Europe
      • Europe Heat Pump Market, by Type
        • Air-to-Air Heat Pump
        • Air-to-Water Heat Pump
        • Water Source Heat Pump Ground Source (Geothermal) Heat Pump
        • Hybrid Heat Pump
      • Europe Heat Pump Market, by Capacity
        • Up to 10 kW
        • 10 – 20 kW
        • 20 – 30 kW
        • Above 30 kW
      • Europe Heat Pump Market, by Refrigerant Type
        • R410A
        • R407C
        • R744
        • Others
      • Europe Heat Pump Market, by End User
        • Residential
        • Commercial
        • Industrial
      • U. K.
        • U.K. Heat Pump Market, by Type
          • Air-to-Air Heat Pump
          • Air-to-Water Heat Pump
          • Water Source Heat Pump Ground Source (Geothermal) Heat Pump
          • Hybrid Heat Pump
        • U.K. Heat Pump Market, by Capacity
          • Up to 10 kW
          • 10 – 20 kW
          • 20 – 30 kW
          • Above 30 kW
        • U.K. Heat Pump Market, by Refrigerant Type
          • R410A
          • R407C
          • R744
          • Others
        • U.K. Heat Pump Market, by End User
          • Residential
          • Commercial
          • Industrial
      • France
        • France Heat Pump Market, by Type
          • Air-to-Air Heat Pump
          • Air-to-Water Heat Pump
          • Water Source Heat Pump Ground Source (Geothermal) Heat Pump
          • Hybrid Heat Pump
        • France Heat Pump Market, by Capacity
          • Up to 10 kW
          • 10 – 20 kW
          • 20 – 30 kW
          • Above 30 kW
        • France Heat Pump Market, by Refrigerant Type
          • R410A
          • R407C
          • R744
          • Others
        • France Heat Pump Market, by End User
          • Residential
          • Commercial
          • Industrial
      • Germany
        • Germany Heat Pump Market, by Type
          • Air-to-Air Heat Pump
          • Air-to-Water Heat Pump
          • Water Source Heat Pump Ground Source (Geothermal) Heat Pump
          • Hybrid Heat Pump
        • Germany Heat Pump Market, by Capacity
          • Up to 10 kW
          • 10 – 20 kW
          • 20 – 30 kW
          • Above 30 kW
        • Germany Heat Pump Market, by Refrigerant Type
          • R410A
          • R407C
          • R744
          • Others
        • Germany Heat Pump Market, by End User
          • Residential
          • Commercial
          • Industrial
      • Italy
        • Italy Heat Pump Market, by Type
          • Air-to-Air Heat Pump
          • Air-to-Water Heat Pump
          • Water Source Heat Pump Ground Source (Geothermal) Heat Pump
          • Hybrid Heat Pump
        • Italy Heat Pump Market, by Capacity
          • Up to 10 kW
          • 10 – 20 kW
          • 20 – 30 kW
          • Above 30 kW
        • Italy Heat Pump Market, by Refrigerant Type
          • R410A
          • R407C
          • R744
          • Others
        • Italy Heat Pump Market, by End User
          • Residential
          • Commercial
          • Industrial
      • Spain
        • Spain Heat Pump Market, by Type
          • Air-to-Air Heat Pump
          • Air-to-Water Heat Pump
          • Water Source Heat Pump Ground Source (Geothermal) Heat Pump
          • Hybrid Heat Pump
        • Spain Heat Pump Market, by Capacity
          • Up to 10 kW
          • 10 – 20 kW
          • 20 – 30 kW
          • Above 30 kW
        • Spain Heat Pump Market, by Refrigerant Type
          • R410A
          • R407C
          • R744
          • Others
        • Spain Heat Pump Market, by End User
          • Residential
          • Commercial
          • Industrial
      • Rest of Europe
        • Rest of Europe Heat Pump Market, by Type
          • Air-to-Air Heat Pump
          • Air-to-Water Heat Pump
          • Water Source Heat Pump Ground Source (Geothermal) Heat Pump
          • Hybrid Heat Pump
        • Rest of Europe Heat Pump Market, by Capacity
          • Up to 10 kW
          • 10 – 20 kW
          • 20 – 30 kW
          • Above 30 kW
        • Rest of Europe Heat Pump Market, by Refrigerant Type
          • R410A
          • R407C
          • R744
          • Others
        • Rest of Europe Heat Pump Market, by End User
          • Residential
          • Commercial
          • Industrial
    • Asia Pacific
      • Asia Pacific Heat Pump Market, by Type
        • Air-to-Air Heat Pump
        • Air-to-Water Heat Pump
        • Water Source Heat Pump Ground Source (Geothermal) Heat Pump
        • Hybrid Heat Pump
      • Asia Pacific Heat Pump Market, by Capacity
        • Up to 10 kW
        • 10 – 20 kW
        • 20 – 30 kW
        • Above 30 kW
      • Asia Pacific Heat Pump Market, by Refrigerant Type
        • R410A
        • R407C
        • R744
        • Others
      • Asia Pacific Heat Pump Market, by End User
        • Residential
        • Commercial
        • Industrial
      • China
        • China Heat Pump Market, by Type
          • Air-to-Air Heat Pump
          • Air-to-Water Heat Pump
          • Water Source Heat Pump Ground Source (Geothermal) Heat Pump
          • Hybrid Heat Pump
        • China Heat Pump Market, by Capacity
          • Up to 10 kW
          • 10 – 20 kW
          • 20 – 30 kW
          • Above 30 kW
        • China Heat Pump Market, by Refrigerant Type
          • R410A
          • R407C
          • R744
          • Others
        • China Heat Pump Market, by End User
          • Residential
          • Commercial
          • Industrial
      • Japan
        • Japan Heat Pump Market, by Type
          • Air-to-Air Heat Pump
          • Air-to-Water Heat Pump
          • Water Source Heat Pump Ground Source (Geothermal) Heat Pump
          • Hybrid Heat Pump
        • Japan Heat Pump Market, by Capacity
          • Up to 10 kW
          • 10 – 20 kW
          • 20 – 30 kW
          • Above 30 kW
        • Japan Heat Pump Market, by Refrigerant Type
          • R410A
          • R407C
          • R744
          • Others
        • Japan Heat Pump Market, by End User
          • Residential
          • Commercial
          • Industrial
      • Germany
        • Germany Heat Pump Market, by Type
          • Air-to-Air Heat Pump
          • Air-to-Water Heat Pump
          • Water Source Heat Pump Ground Source (Geothermal) Heat Pump
          • Hybrid Heat Pump
        • Germany Heat Pump Market, by Capacity
          • Up to 10 kW
          • 10 – 20 kW
          • 20 – 30 kW
          • Above 30 kW
        • Germany Heat Pump Market, by Refrigerant Type
          • R410A
          • R407C
          • R744
          • Others
        • Germany Heat Pump Market, by End User
          • Residential
          • Commercial
          • Industrial
      • India
        • India Heat Pump Market, by Type
          • Air-to-Air Heat Pump
          • Air-to-Water Heat Pump
          • Water Source Heat Pump Ground Source (Geothermal) Heat Pump
          • Hybrid Heat Pump
        • India Heat Pump Market, by Capacity
          • Up to 10 kW
          • 10 – 20 kW
          • 20 – 30 kW
          • Above 30 kW
        • India Heat Pump Market, by Refrigerant Type
          • R410A
          • R407C
          • R744
          • Others
        • India Heat Pump Market, by End User
          • Residential
          • Commercial
          • Industrial
      • South Korea
        • South Korea Heat Pump Market, by Type
          • Air-to-Air Heat Pump
          • Air-to-Water Heat Pump
          • Water Source Heat Pump Ground Source (Geothermal) Heat Pump
          • Hybrid Heat Pump
        • South Korea Heat Pump Market, by Capacity
          • Up to 10 kW
          • 10 – 20 kW
          • 20 – 30 kW
          • Above 30 kW
        • South Korea Heat Pump Market, by Refrigerant Type
          • R410A
          • R407C
          • R744
          • Others
        • South Korea Heat Pump Market, by End User
          • Residential
          • Commercial
          • Industrial
      • South East Asia
        • South East Asia Heat Pump Market, by Type
          • Air-to-Air Heat Pump
          • Air-to-Water Heat Pump
          • Water Source Heat Pump Ground Source (Geothermal) Heat Pump
          • Hybrid Heat Pump
        • South East Asia Heat Pump Market, by Capacity
          • Up to 10 kW
          • 10 – 20 kW
          • 20 – 30 kW
          • Above 30 kW
        • South East Asia Heat Pump Market, by Refrigerant Type
          • R410A
          • R407C
          • R744
          • Others
        • South East Asia Heat Pump Market, by End User
          • Residential
          • Commercial
          • Industrial
      • Rest of Asia Pacific
        • Rest of Asia Pacific Heat Pump Market, by Type
          • Air-to-Air Heat Pump
          • Air-to-Water Heat Pump
          • Water Source Heat Pump Ground Source (Geothermal) Heat Pump
          • Hybrid Heat Pump
        • Rest of Asia Pacific Heat Pump Market, by Capacity
          • Up to 10 kW
          • 10 – 20 kW
          • 20 – 30 kW
          • Above 30 kW
        • Rest of Asia Pacific Heat Pump Market, by Refrigerant Type
          • R410A
          • R407C
          • R744
          • Others
        • Rest of Asia Pacific Heat Pump Market, by End User
          • Residential
          • Commercial
          • Industrial
    • Latin America
      • Latin America Heat Pump Market, by Type
        • Air-to-Air Heat Pump
        • Air-to-Water Heat Pump
        • Water Source Heat Pump Ground Source (Geothermal) Heat Pump
        • Hybrid Heat Pump
      • Latin America Heat Pump Market, by Capacity
        • Up to 10 kW
        • 10 – 20 kW
        • 20 – 30 kW
        • Above 30 kW
      • Latin America Heat Pump Market, by Refrigerant Type
        • R410A
        • R407C
        • R744
        • Others
      • Latin America Heat Pump Market, by End User
        • Residential
        • Commercial
        • Industrial
      • Brazil
        • Brazil Heat Pump Market, by Type
          • Air-to-Air Heat Pump
          • Air-to-Water Heat Pump
          • Water Source Heat Pump Ground Source (Geothermal) Heat Pump
          • Hybrid Heat Pump
        • Brazil Heat Pump Market, by Capacity
          • Up to 10 kW
          • 10 – 20 kW
          • 20 – 30 kW
          • Above 30 kW
        • Brazil Heat Pump Market, by Refrigerant Type
          • R410A
          • R407C
          • R744
          • Others
        • Brazil Heat Pump Market, by End User
          • Residential
          • Commercial
          • Industrial
      • Argentina
        • Argentina Heat Pump Market, by Type
          • Air-to-Air Heat Pump
          • Air-to-Water Heat Pump
          • Water Source Heat Pump Ground Source (Geothermal) Heat Pump
          • Hybrid Heat Pump
        • Argentina Heat Pump Market, by Capacity
          • Up to 10 kW
          • 10 – 20 kW
          • 20 – 30 kW
          • Above 30 kW
        • Argentina Heat Pump Market, by Refrigerant Type
          • R410A
          • R407C
          • R744
          • Others
        • Argentina Heat Pump Market, by End User
          • Residential
          • Commercial
          • Industrial
      • Rest of Latin America
        • Rest of Latin America Heat Pump Market, by Type
          • Air-to-Air Heat Pump
          • Air-to-Water Heat Pump
          • Water Source Heat Pump Ground Source (Geothermal) Heat Pump
          • Hybrid Heat Pump
        • Rest of Latin America Heat Pump Market, by Capacity
          • Up to 10 kW
          • 10 – 20 kW
          • 20 – 30 kW
          • Above 30 kW
        • Rest of Latin America Heat Pump Market, by Refrigerant Type
          • R410A
          • R407C
          • R744
          • Others
        • Rest of Latin America Heat Pump Market, by End User
          • Residential
          • Commercial
          • Industrial
    • Middle East & Africa
      • Middle East & Africa Heat Pump Market, by Type
        • Air-to-Air Heat Pump
        • Air-to-Water Heat Pump
        • Water Source Heat Pump Ground Source (Geothermal) Heat Pump
        • Hybrid Heat Pump
      • Middle East & Africa Heat Pump Market, by Capacity
        • Up to 10 kW
        • 10 – 20 kW
        • 20 – 30 kW
        • Above 30 kW
      • Middle East & Africa Heat Pump Market, by Refrigerant Type
        • R410A
        • R407C
        • R744
        • Others
      • Middle East & Africa Heat Pump Market, by End User
        • Residential
        • Commercial
        • Industrial
      • GCC Countries
        • GCC Countries Heat Pump Market, by Type
          • Air-to-Air Heat Pump
          • Air-to-Water Heat Pump
          • Water Source Heat Pump Ground Source (Geothermal) Heat Pump
          • Hybrid Heat Pump
        • GCC Countries Heat Pump Market, by Capacity
          • Up to 10 kW
          • 10 – 20 kW
          • 20 – 30 kW
          • Above 30 kW
        • GCC Countries Heat Pump Market, by Refrigerant Type
          • R410A
          • R407C
          • R744
          • Others
        • GCC Countries Heat Pump Market, by End User
          • Residential
          • Commercial
          • Industrial
      • South Africa
        • South Africa Heat Pump Market, by Type
          • Air-to-Air Heat Pump
          • Air-to-Water Heat Pump
          • Water Source Heat Pump Ground Source (Geothermal) Heat Pump
          • Hybrid Heat Pump
        • South Africa Heat Pump Market, by Capacity
          • Up to 10 kW
          • 10 – 20 kW
          • 20 – 30 kW
          • Above 30 kW
        • South Africa Heat Pump Market, by Refrigerant Type
          • R410A
          • R407C
          • R744
          • Others
        • South Africa Heat Pump Market, by End User
          • Residential
          • Commercial
          • Industrial
      • Rest of Middle East & Africa
        • Rest of Middle East & Africa Heat Pump Market, by Type
          • Air-to-Air Heat Pump
          • Air-to-Water Heat Pump
          • Water Source Heat Pump Ground Source (Geothermal) Heat Pump
          • Hybrid Heat Pump
        • Rest of Middle East & Africa Heat Pump Market, by Capacity
          • Up to 10 kW
          • 10 – 20 kW
          • 20 – 30 kW
          • Above 30 kW
        • Rest of Middle East & Africa Heat Pump Market, by Refrigerant Type
          • R410A
          • R407C
          • R744
          • Others
        • Rest of Middle East & Africa Heat Pump Market, by End User
          • Residential
          • Commercial
          • Industrial
FAQ
Frequently Asked Question
  • The global Heat Pump valued at USD 56.78 Billion in 2022 and is expected to reach USD 114.80 Billion in 2030 growing at a CAGR of 9.20%.

  • The prominent players in the market are Samsung (South Korea), Denso Corporation (Japan), Midea Group (China), Panasonic Corporation (Japan), Mitsubishi Electric Corporation (Japan), Johnson Controls (Ireland), Daikin Industries Ltd. (Japan), Carrier (US), LG Electronics (South Korea), Trane Technologies (Ireland), GEA Group Aktiengesellschaft (Germany), Fujitsu General (Japan), Thermax Limited (India), Lennox International (US), Danfoss A/S (Denmark), Glen Dimplex (Ireland), Viessmann (Germany), Nibe (Sweden), Guangzhou Sprsun New Energy Technology Development Co. Ltd. (China), Rheem (US), Emerson Electric Co. (US).

  • The market is project to grow at a CAGR of 9.20% between 2023 and 2030.

  • The driving factors of the Heat Pump include

    • Contribution of heat pump technology to reduce carbon footprint

  • Asia Pacific was the leading regional segment of the Heat Pump in 2022.