Heat Pump Market

Heat Pump Market - Global Industry Assessment & Forecast

Advanced Materials

# Pages:

141

Base Year:

2022

May - 2022

Format:

Report Code:

VMR-1606

Segments Covered

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 Up to 10 kW, 10 – 20 kW, 20 – 30 kW, Above 30 kW
By Refrigerant Type R410A, R407C, R744, Others
By End User Residential, Commercial, Industrial
By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Standard License

$ 4299 USD

Multi User License

$ 6599 USD

Enterprise License

$ 6999 USD

Snapshot

Base Year:	2022
Forecast Years:	2023 - 2030
Historical Years:	2017 - 2021
Revenue 2022:	USD 56.78 Billion
Revenue 2030:	USD 114.80 Billion
Revenue CAGR (2023 - 2030):	9.20%
Fastest Growing Region (2023 - 2030)	Asia Pacific
Largest Region (2022):	Asia Pacific

Customization Offered

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

Executive Dashboard
1. Strategic Imperatives
Premium Insights
1. Top 3 Trends to Watch
2. Demand and Supply Trends
3. Top 3 Strategies Followed by Major Players
4. Top 3 Predictions by Vantage Market Research
5. Top Investment Pockets
6. Insights from Primary Respondents
Global Heat Pump Market - Segment Analysis
1. Overview
2. Global Heat Pump Market, 2016 - 2028 (USD Million)
3. Global Heat Pump Market - by Type
  1. By Air-to-Air Heat Pump
  2. By Air-to-Water Heat Pump
  3. By Water Source Heat Pump Ground Source (Geothermal) Heat Pump
  4. By Hybrid Heat Pump
4. Global Heat Pump Market - by Capacity
  1. By Up to 10 kW
  2. By 10 – 20 kW
  3. By 20 – 30 kW
  4. By Above 30 kW
5. Global Heat Pump Market - by Refrigerant Type
  1. By R410A
  2. By R407C
  3. By R744
  4. By Others
6. Global Heat Pump Market - by End User
  1. By Residential
  2. By Commercial
  3. By Industrial
7. Global Heat Pump Market - by region
  1. North America
  2. Europe
  3. Asia Pacific
  4. Latin America
  5. Middle East & Africa
8. Market comparative analysis
North America Heat Pump Market - Segment Analysis
1. Overview
2. North America Heat Pump Market, 2016 - 2028 (USD Million)
3. North America Heat Pump Market, by Type
  1. By Air-to-Air Heat Pump
  2. By Air-to-Water Heat Pump
  3. By Water Source Heat Pump Ground Source (Geothermal) Heat Pump
  4. By Hybrid Heat Pump
4. North America Heat Pump Market, by Capacity
  1. By Up to 10 kW
  2. By 10 – 20 kW
  3. By 20 – 30 kW
  4. By Above 30 kW
5. North America Heat Pump Market, by Refrigerant Type
  1. By R410A
  2. By R407C
  3. By R744
  4. By Others
6. North America Heat Pump Market, by End User
  1. By Residential
  2. By Commercial
  3. By Industrial
7. North America Heat Pump Market, by Country
  1. U.S.
    1. U.S. Heat Pump Market, By Type
      1. By Air-to-Air Heat Pump
      2. By Air-to-Water Heat Pump
      3. By Water Source Heat Pump Ground Source (Geothermal) Heat Pump
      4. By Hybrid Heat Pump
    2. U.S. Heat Pump Market, By Capacity
      1. By Up to 10 kW
      2. By 10 – 20 kW
      3. By 20 – 30 kW
      4. By Above 30 kW
    3. U.S. Heat Pump Market, By Refrigerant Type
      1. By R410A
      2. By R407C
      3. By R744
      4. By Others
    4. U.S. Heat Pump Market, By End User
      1. By Residential
      2. By Commercial
      3. By Industrial
  2. Canada
    1. Canada Heat Pump Market, By Type
      1. By Air-to-Air Heat Pump
      2. By Air-to-Water Heat Pump
      3. By Water Source Heat Pump Ground Source (Geothermal) Heat Pump
      4. By Hybrid Heat Pump
    2. Canada Heat Pump Market, By Capacity
      1. By Up to 10 kW
      2. By 10 – 20 kW
      3. By 20 – 30 kW
      4. By Above 30 kW
    3. Canada Heat Pump Market, By Refrigerant Type
      1. By R410A
      2. By R407C
      3. By R744
      4. By Others
    4. Canada Heat Pump Market, By End User
      1. By Residential
      2. By Commercial
      3. By Industrial
  3. Mexico
    1. Mexico Heat Pump Market, By Type
      1. By Air-to-Air Heat Pump
      2. By Air-to-Water Heat Pump
      3. By Water Source Heat Pump Ground Source (Geothermal) Heat Pump
      4. By Hybrid Heat Pump
    2. Mexico Heat Pump Market, By Capacity
      1. By Up to 10 kW
      2. By 10 – 20 kW
      3. By 20 – 30 kW
      4. By Above 30 kW
    3. Mexico Heat Pump Market, By Refrigerant Type
      1. By R410A
      2. By R407C
      3. By R744
      4. By Others
    4. Mexico Heat Pump Market, By End User
      1. By Residential
      2. By Commercial
      3. By Industrial
Europe Heat Pump Market - Segment Analysis
1. Overview
2. Europe Heat Pump Market, 2016 - 2028 (USD Million)
3. Europe Heat Pump Market, by Type
  1. By Air-to-Air Heat Pump
  2. By Air-to-Water Heat Pump
  3. By Water Source Heat Pump Ground Source (Geothermal) Heat Pump
  4. By Hybrid Heat Pump
4. Europe Heat Pump Market, by Capacity
  1. By Up to 10 kW
  2. By 10 – 20 kW
  3. By 20 – 30 kW
  4. By Above 30 kW
5. Europe Heat Pump Market, by Refrigerant Type
  1. By R410A
  2. By R407C
  3. By R744
  4. By Others
6. Europe Heat Pump Market, by End User
  1. By Residential
  2. By Commercial
  3. By Industrial
7. Europe Heat Pump Market, by Country
  1. Germany
    1. Germany Heat Pump Market, By Type
      1. By Air-to-Air Heat Pump
      2. By Air-to-Water Heat Pump
      3. By Water Source Heat Pump Ground Source (Geothermal) Heat Pump
      4. By Hybrid Heat Pump
    2. Germany Heat Pump Market, By Capacity
      1. By Up to 10 kW
      2. By 10 – 20 kW
      3. By 20 – 30 kW
      4. By Above 30 kW
    3. Germany Heat Pump Market, By Refrigerant Type
      1. By R410A
      2. By R407C
      3. By R744
      4. By Others
    4. Germany Heat Pump Market, By End User
      1. By Residential
      2. By Commercial
      3. By Industrial
  2. UK
    1. UK Market, By Type
      1. By Air-to-Air Heat Pump
      2. By Air-to-Water Heat Pump
      3. By Water Source Heat Pump Ground Source (Geothermal) Heat Pump
      4. By Hybrid Heat Pump
    2. UK Market, By Capacity
      1. By Up to 10 kW
      2. By 10 – 20 kW
      3. By 20 – 30 kW
      4. By Above 30 kW
    3. UK Market, By Refrigerant Type
      1. By R410A
      2. By R407C
      3. By R744
      4. By Others
    4. UK Market, By End User
      1. By Residential
      2. By Commercial
      3. By Industrial
  3. France
    1. France Heat Pump Market, By Type
      1. By Air-to-Air Heat Pump
      2. By Air-to-Water Heat Pump
      3. By Water Source Heat Pump Ground Source (Geothermal) Heat Pump
      4. By Hybrid Heat Pump
    2. France Heat Pump Market, By Capacity
      1. By Up to 10 kW
      2. By 10 – 20 kW
      3. By 20 – 30 kW
      4. By Above 30 kW
    3. France Heat Pump Market, By Refrigerant Type
      1. By R410A
      2. By R407C
      3. By R744
      4. By Others
    4. France Heat Pump Market, By End User
      1. By Residential
      2. By Commercial
      3. By Industrial
  4. Spain
    1. Spain Heat Pump Market, By Type
      1. By Air-to-Air Heat Pump
      2. By Air-to-Water Heat Pump
      3. By Water Source Heat Pump Ground Source (Geothermal) Heat Pump
      4. By Hybrid Heat Pump
    2. Spain Heat Pump Market, By Capacity
      1. By Up to 10 kW
      2. By 10 – 20 kW
      3. By 20 – 30 kW
      4. By Above 30 kW
    3. Spain Heat Pump Market, By Refrigerant Type
      1. By R410A
      2. By R407C
      3. By R744
      4. By Others
    4. Spain Heat Pump Market, By End User
      1. By Residential
      2. By Commercial
      3. By Industrial
  5. Italy
    1. Italy Heat Pump Market, By Type
      1. By Air-to-Air Heat Pump
      2. By Air-to-Water Heat Pump
      3. By Water Source Heat Pump Ground Source (Geothermal) Heat Pump
      4. By Hybrid Heat Pump
    2. Italy Heat Pump Market, By Capacity
      1. By Up to 10 kW
      2. By 10 – 20 kW
      3. By 20 – 30 kW
      4. By Above 30 kW
    3. Italy Heat Pump Market, By Refrigerant Type
      1. By R410A
      2. By R407C
      3. By R744
      4. By Others
    4. Italy Heat Pump Market, By End User
      1. By Residential
      2. By Commercial
      3. By Industrial
  6. BENELUX
    1. BENELUX Heat Pump Market, By Type
      1. By Air-to-Air Heat Pump
      2. By Air-to-Water Heat Pump
      3. By Water Source Heat Pump Ground Source (Geothermal) Heat Pump
      4. By Hybrid Heat Pump
    2. BENELUX Heat Pump Market, By Capacity
      1. By Up to 10 kW
      2. By 10 – 20 kW
      3. By 20 – 30 kW
      4. By Above 30 kW
    3. BENELUX Heat Pump Market, By Refrigerant Type
      1. By R410A
      2. By R407C
      3. By R744
      4. By Others
    4. BENELUX Heat Pump Market, By End User
      1. By Residential
      2. By Commercial
      3. By Industrial
  7. Rest of Europe
    1. Rest Of Europe Heat Pump Market, By Type
      1. By Air-to-Air Heat Pump
      2. By Air-to-Water Heat Pump
      3. By Water Source Heat Pump Ground Source (Geothermal) Heat Pump
      4. By Hybrid Heat Pump
    2. Rest Of Europe Heat Pump Market, By Capacity
      1. By Up to 10 kW
      2. By 10 – 20 kW
      3. By 20 – 30 kW
      4. By Above 30 kW
    3. Rest Of Europe Heat Pump Market, By Refrigerant Type
      1. By R410A
      2. By R407C
      3. By R744
      4. By Others
    4. Rest Of Europe Heat Pump Market, By End User
      1. By Residential
      2. By Commercial
      3. By Industrial
Asia Pacific Heat Pump Market - Segment Analysis
1. Overview
2. Asia Pacific Heat Pump Market, 2016 - 2028 (USD Million)
3. Asia Pacific Heat Pump Market, by Type
  1. By Air-to-Air Heat Pump
  2. By Air-to-Water Heat Pump
  3. By Water Source Heat Pump Ground Source (Geothermal) Heat Pump
  4. By Hybrid Heat Pump
4. Asia Pacific Heat Pump Market, by Capacity
  1. By Up to 10 kW
  2. By 10 – 20 kW
  3. By 20 – 30 kW
  4. By Above 30 kW
5. Asia Pacific Heat Pump Market, by Refrigerant Type
  1. By R410A
  2. By R407C
  3. By R744
  4. By Others
6. Asia Pacific Heat Pump Market, by End User
  1. By Residential
  2. By Commercial
  3. By Industrial
7. Asia Pacific Heat Pump Market, by Country
  1. China
    1. China Heat Pump Market, By Type
      1. By Air-to-Air Heat Pump
      2. By Air-to-Water Heat Pump
      3. By Water Source Heat Pump Ground Source (Geothermal) Heat Pump
      4. By Hybrid Heat Pump
    2. China Heat Pump Market, By Capacity
      1. By Up to 10 kW
      2. By 10 – 20 kW
      3. By 20 – 30 kW
      4. By Above 30 kW
    3. China Heat Pump Market, By Refrigerant Type
      1. By R410A
      2. By R407C
      3. By R744
      4. By Others
    4. China Heat Pump Market, By End User
      1. By Residential
      2. By Commercial
      3. By Industrial
  2. Japan
    1. Japan Heat Pump Market, By Type
      1. By Air-to-Air Heat Pump
      2. By Air-to-Water Heat Pump
      3. By Water Source Heat Pump Ground Source (Geothermal) Heat Pump
      4. By Hybrid Heat Pump
    2. Japan Heat Pump Market, By Capacity
      1. By Up to 10 kW
      2. By 10 – 20 kW
      3. By 20 – 30 kW
      4. By Above 30 kW
    3. Japan Heat Pump Market, By Refrigerant Type
      1. By R410A
      2. By R407C
      3. By R744
      4. By Others
    4. Japan Heat Pump Market, By End User
      1. By Residential
      2. By Commercial
      3. By Industrial
  3. India
    1. India Heat Pump Market, By Type
      1. By Air-to-Air Heat Pump
      2. By Air-to-Water Heat Pump
      3. By Water Source Heat Pump Ground Source (Geothermal) Heat Pump
      4. By Hybrid Heat Pump
    2. India Heat Pump Market, By Capacity
      1. By Up to 10 kW
      2. By 10 – 20 kW
      3. By 20 – 30 kW
      4. By Above 30 kW
    3. India Heat Pump Market, By Refrigerant Type
      1. By R410A
      2. By R407C
      3. By R744
      4. By Others
    4. India Heat Pump Market, By End User
      1. By Residential
      2. By Commercial
      3. By Industrial
  4. South Korea
    1. South Korea Heat Pump Market, By Type
      1. By Air-to-Air Heat Pump
      2. By Air-to-Water Heat Pump
      3. By Water Source Heat Pump Ground Source (Geothermal) Heat Pump
      4. By Hybrid Heat Pump
    2. South Korea Heat Pump Market, By Capacity
      1. By Up to 10 kW
      2. By 10 – 20 kW
      3. By 20 – 30 kW
      4. By Above 30 kW
    3. South Korea Heat Pump Market, By Refrigerant Type
      1. By R410A
      2. By R407C
      3. By R744
      4. By Others
    4. South Korea Heat Pump Market, By End User
      1. By Residential
      2. By Commercial
      3. By Industrial
  5. South East Asia
    1. South East Asia Heat Pump Market, By Type
      1. By Air-to-Air Heat Pump
      2. By Air-to-Water Heat Pump
      3. By Water Source Heat Pump Ground Source (Geothermal) Heat Pump
      4. By Hybrid Heat Pump
    2. South East Asia Heat Pump Market, By Capacity
      1. By Up to 10 kW
      2. By 10 – 20 kW
      3. By 20 – 30 kW
      4. By Above 30 kW
    3. South East Asia Heat Pump Market, By Refrigerant Type
      1. By R410A
      2. By R407C
      3. By R744
      4. By Others
    4. South East Asia Heat Pump Market, By End User
      1. By Residential
      2. By Commercial
      3. By Industrial
  6. Rest of Asia Pacific
    1. Rest of Asia Pacific Heat Pump Market, By Type
      1. By Air-to-Air Heat Pump
      2. By Air-to-Water Heat Pump
      3. By Water Source Heat Pump Ground Source (Geothermal) Heat Pump
      4. By Hybrid Heat Pump
    2. Rest of Asia Pacific Heat Pump Market, By Capacity
      1. By Up to 10 kW
      2. By 10 – 20 kW
      3. By 20 – 30 kW
      4. By Above 30 kW
    3. Rest of Asia Pacific Heat Pump Market, By Refrigerant Type
      1. By R410A
      2. By R407C
      3. By R744
      4. By Others
    4. Rest of Asia Pacific Heat Pump Market, By End User
      1. By Residential
      2. By Commercial
      3. By Industrial
Latin America Heat Pump Market - Segment Analysis
1. Overview
2. Latin America Heat Pump Market, 2016 - 2028 (USD Million)
3. Latin America Heat Pump Market, by Type
  1. By Air-to-Air Heat Pump
  2. By Air-to-Water Heat Pump
  3. By Water Source Heat Pump Ground Source (Geothermal) Heat Pump
  4. By Hybrid Heat Pump
4. Latin America Heat Pump Market, by Capacity
  1. By Up to 10 kW
  2. By 10 – 20 kW
  3. By 20 – 30 kW
  4. By Above 30 kW
5. Latin America Heat Pump Market, by Refrigerant Type
  1. By R410A
  2. By R407C
  3. By R744
  4. By Others
6. Latin America Heat Pump Market, by End User
  1. By Residential
  2. By Commercial
  3. By Industrial
7. Latin America Heat Pump Market, by Country
  1. Brazil
    1. Brazil Heat Pump Market, By Type
      1. By Air-to-Air Heat Pump
      2. By Air-to-Water Heat Pump
      3. By Water Source Heat Pump Ground Source (Geothermal) Heat Pump
      4. By Hybrid Heat Pump
    2. Brazil Heat Pump Market, By Capacity
      1. By Up to 10 kW
      2. By 10 – 20 kW
      3. By 20 – 30 kW
      4. By Above 30 kW
    3. Brazil Heat Pump Market, By Refrigerant Type
      1. By R410A
      2. By R407C
      3. By R744
      4. By Others
    4. Brazil Heat Pump Market, By End User
      1. By Residential
      2. By Commercial
      3. By Industrial
  2. Argentina
    1. Argentina Heat Pump Market, By Type
      1. By Air-to-Air Heat Pump
      2. By Air-to-Water Heat Pump
      3. By Water Source Heat Pump Ground Source (Geothermal) Heat Pump
      4. By Hybrid Heat Pump
    2. Argentina Heat Pump Market, By Capacity
      1. By Up to 10 kW
      2. By 10 – 20 kW
      3. By 20 – 30 kW
      4. By Above 30 kW
    3. Argentina Heat Pump Market, By Refrigerant Type
      1. By R410A
      2. By R407C
      3. By R744
      4. By Others
    4. Argentina Heat Pump Market, By End User
      1. By Residential
      2. By Commercial
      3. By Industrial
  3. Rest of Latin America
    1. Rest of Latin America Heat Pump Market, By Type
      1. By Air-to-Air Heat Pump
      2. By Air-to-Water Heat Pump
      3. By Water Source Heat Pump Ground Source (Geothermal) Heat Pump
      4. By Hybrid Heat Pump
    2. Rest of Latin America Heat Pump Market, By Capacity
      1. By Up to 10 kW
      2. By 10 – 20 kW
      3. By 20 – 30 kW
      4. By Above 30 kW
    3. Rest of Latin America Heat Pump Market, By Refrigerant Type
      1. By R410A
      2. By R407C
      3. By R744
      4. By Others
    4. Rest of Latin America Heat Pump Market, By End User
      1. By Residential
      2. By Commercial
      3. By Industrial
Middle East & Africa Heat Pump Market - Segment Analysis
1. Overview
2. Middle East & Africa Heat Pump Market, 2016 - 2028 (USD Million)
3. Middle East & Africa Heat Pump Market, by Type
  1. By Air-to-Air Heat Pump
  2. By Air-to-Water Heat Pump
  3. By Water Source Heat Pump Ground Source (Geothermal) Heat Pump
  4. By Hybrid Heat Pump
4. Middle East & Africa Heat Pump Market, by Capacity
  1. By Up to 10 kW
  2. By 10 – 20 kW
  3. By 20 – 30 kW
  4. By Above 30 kW
5. Middle East & Africa Heat Pump Market, by Refrigerant Type
  1. By R410A
  2. By R407C
  3. By R744
  4. By Others
6. Middle East & Africa Heat Pump Market, by End User
  1. By Residential
  2. By Commercial
  3. By Industrial
7. Middle East & Africa Heat Pump Market, by Country
  1. GCC Countries
    1. GCC Countries Heat Pump Market, By Type
      1. By Air-to-Air Heat Pump
      2. By Air-to-Water Heat Pump
      3. By Water Source Heat Pump Ground Source (Geothermal) Heat Pump
      4. By Hybrid Heat Pump
    2. GCC Countries Heat Pump Market, By Capacity
      1. By Up to 10 kW
      2. By 10 – 20 kW
      3. By 20 – 30 kW
      4. By Above 30 kW
    3. GCC Countries Heat Pump Market, By Refrigerant Type
      1. By R410A
      2. By R407C
      3. By R744
      4. By Others
    4. GCC Countries Heat Pump Market, By End User
      1. By Residential
      2. By Commercial
      3. By Industrial
  2. South Africa
    1. South Africa Heat Pump Market, By Type
      1. By Air-to-Air Heat Pump
      2. By Air-to-Water Heat Pump
      3. By Water Source Heat Pump Ground Source (Geothermal) Heat Pump
      4. By Hybrid Heat Pump
    2. South Africa Heat Pump Market, By Capacity
      1. By Up to 10 kW
      2. By 10 – 20 kW
      3. By 20 – 30 kW
      4. By Above 30 kW
    3. South Africa Heat Pump Market, By Refrigerant Type
      1. By R410A
      2. By R407C
      3. By R744
      4. By Others
    4. South Africa Heat Pump Market, By End User
      1. By Residential
      2. By Commercial
      3. By Industrial
  3. Rest of Middle East & Africa
    1. Rest of Middle East & Africa Heat Pump Market, By Type
      1. By Air-to-Air Heat Pump
      2. By Air-to-Water Heat Pump
      3. By Water Source Heat Pump Ground Source (Geothermal) Heat Pump
      4. By Hybrid Heat Pump
    2. Rest of Middle East & Africa Heat Pump Market, By Capacity
      1. By Up to 10 kW
      2. By 10 – 20 kW
      3. By 20 – 30 kW
      4. By Above 30 kW
    3. Rest of Middle East & Africa Heat Pump Market, By Refrigerant Type
      1. By R410A
      2. By R407C
      3. By R744
      4. By Others
    4. Rest of Middle East & Africa Heat Pump Market, By End User
      1. By Residential
      2. By Commercial
      3. By Industrial
Key Market Dynamics
1. Introduction
2. Market Drivers
3. Market Restraints
4. Market Opportunities
5. Porter's Five Forces Analysis
6. PEST Analysis
7. Regulatory Landscape
8. Technology Landscape
9. Regional Market Trends
COVID 19 Impact Analysis
1. Key strategies undertaken by companies to tackle COVID-19
2. Short term dynamics
3. Long term dynamics
Marketing Stratagy Analysis
1. Marketing Channel
2. Direct Marketing
3. Indirect Marketing
4. Marketing Channel Development Trends
Competative Landscape
1. Competition Matrix - 2021
2. Company Market Share Analysis - 2021
3. Key Company Activities, 2018 - 2021
4. Strategic Developments - Heat Map Analysis
5. Company Offering Evaluation
6. Company Regional Presence Evaluation
Company Profiles
1. Samsung (South Korea)
2. Denso Corporation (Japan)
3. Midea Group (China)
4. Panasonic Corporation (Japan)
5. Mitsubishi Electric Corporation (Japan)
6. Johnson Controls (Ireland)
7. Daikin Industries Ltd. (Japan)
8. Carrier (US)
9. LG Electronics (South Korea)
10. Trane Technologies (Ireland)
11. GEA Group Aktiengesellschaft (Germany)
12. Fujitsu General (Japan)
13. Thermax Limited (India)
14. Lennox International (US)
15. Danfoss A/S (Denmark)
16. Glen Dimplex (Ireland)
17. Viessmann (Germany)
18. Nibe (Sweden)
19. Guangzhou Sprsun New Energy Technology Development Co. Ltd. (China)
20. Rheem (US)
21. Emerson Electric Co. (US)
Key Primary Respondents - VERBATIM
Discussion Guide
Customization Offered
Annexure
List of Figures
List of Tables
List of Abbreviations

Vantage Market Research | 03-Jun-2022

Heat Pump Market to Reach Valuation of USD 89.8 Billion by 2028 - Owing to the Demand for Sustainable and Clean Energy Grows in Response to Rising Concerns about Damaging GHG Emissions

FAQ

Frequently Asked Question

What is the global demand for Heat Pump in terms of revenue?

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%.

Which are the prominent players in the market?

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).

At what CAGR is the market projected to grow within the forecast period?

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

What are the driving factors fueling the growth of the market.

The driving factors of the Heat Pump include
- Contribution of heat pump technology to reduce carbon footprint

Which region accounted for the largest share in the market?

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

Heat Pump Market

Heat Pump Market - Global Industry Assessment & Forecast

Advanced Materials

Segments Covered

Snapshot

Customization Offered

FAQ

Frequently Asked Question

What is the global demand for Heat Pump in terms of revenue?

Which are the prominent players in the market?

At what CAGR is the market projected to grow within the forecast period?

What are the driving factors fueling the growth of the market.

Which region accounted for the largest share in the market?

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Heat Pump Market

Heat Pump Market - Global Industry Assessment & Forecast

Advanced Materials

Segments Covered

Snapshot

Customization Offered

FAQ

Frequently Asked Question

What is the global demand for Heat Pump in terms of revenue?

Which are the prominent players in the market?

At what CAGR is the market projected to grow within the forecast period?

What are the driving factors fueling the growth of the market.

Which region accounted for the largest share in the market?

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