What is the study period of Heat pump Market market?

The heat pump market is studied from 2018-2028. <a href='https://www.technavio.com/report/heat-pump-market-industry-analysis'>Read More</a>

Which region is expected to show the highest market share in the Heat pump Market market?

APAC is to show the highest market share with 43% contribution. <a href='https://www.technavio.com/report/heat-pump-market-industry-analysis'>Read More</a>

What are the major market players covered in the report?

Bard HVAC, Daikin Industries Ltd., Danfoss AS, Dantherm Group AS, DENSO Corp., Emerson Electric Co., Fujitsu Ltd., Glen Dimplex Europe Holdings Ltd., Guangdong Aoxin Heat .... <a href='https://www.technavio.com/report/heat-pump-market-industry-analysis'>Read More</a>

What is the current size of the Heat pump Market market?

heat pump market will increase $ 43.45 bn during 2024-2028. <a href='https://www.technavio.com/report/heat-pump-market-industry-analysis'>Read More</a>

What is the Year-Over-Year Growth Rate of Market 2024-2028?

7.7% is the year-over-year Growth of Market. <a href='https://www.technavio.com/report/heat-pump-market-industry-analysis'>Read More</a>

Heat pump Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, Japan, South Korea, Germany - Size and Forecast 2024-2028

Published: Dec 2023
Pages: 176
SKU: IRTNTR41169

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Heat Pump Market Size 2024-2028

The heat pump market size is forecast to increase by USD 43.45 billion at a CAGR of 8.9% between 2023 and 2028. The market is witnessing significant growth, driven by the increasing demand for energy-efficient heating solutions in various sectors, particularly in food processing facilities. A key trend in the market is the increasing adoption of variable refrigerant flow (VRF) heat pumps, which offer improved energy efficiency and flexibility. However, challenges persist, including the disposal challenges and adverse environmental impacts of refrigerants. These concerns are driving the development of new, eco-friendly refrigerants and technologies to reduce the carbon footprint of heat pumps. In addition, the use of raw materials, such as metals, in heat pump manufacturing is a critical factor influencing market dynamics. The market is expected to continue its growth trajectory, with innovations in technology and a shift towards renewable energy sources playing a pivotal role.

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2023

3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global heat pump market 2018 - 2022
- Exhibit 18: Historic Market Size – Data Table on global heat pump market 2018 - 2022 ($ billion)

4.2 Application Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ billion)

4.3 Product Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size – Product Segment 2018 - 2022 ($ billion)

4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)

4.5 Country Segment Analysis 2018 - 2022
- Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments
- Exhibit 30: Chart on Application - Market share 2023-2028 (%)
- Exhibit 31: Data Table on Application - Market share 2023-2028 (%)

6.2 Comparison by Application
- Exhibit 32: Chart on Comparison by Application
- Exhibit 33: Data Table on Comparison by Application

6.3 Residential - Market size and forecast 2023-2028
- Exhibit 34: Chart on Residential - Market size and forecast 2023-2028 ($ billion)
- Exhibit 35: Data Table on Residential - Market size and forecast 2023-2028 ($ billion)
- Exhibit 36: Chart on Residential - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on Residential - Year-over-year growth 2023-2028 (%)

6.4 Commercial - Market size and forecast 2023-2028
- Exhibit 38: Chart on Commercial - Market size and forecast 2023-2028 ($ billion)
- Exhibit 39: Data Table on Commercial - Market size and forecast 2023-2028 ($ billion)
- Exhibit 40: Chart on Commercial - Year-over-year growth 2023-2028 (%)
- Exhibit 41: Data Table on Commercial - Year-over-year growth 2023-2028 (%)

6.5 Industrial - Market size and forecast 2023-2028
- Exhibit 42: Chart on Industrial - Market size and forecast 2023-2028 ($ billion)
- Exhibit 43: Data Table on Industrial - Market size and forecast 2023-2028 ($ billion)
- Exhibit 44: Chart on Industrial - Year-over-year growth 2023-2028 (%)
- Exhibit 45: Data Table on Industrial - Year-over-year growth 2023-2028 (%)

6.6 Market opportunity by Application
- Exhibit 46: Market opportunity by Application ($ billion)
- Exhibit 47: Data Table on Market opportunity by Application ($ billion)

7 Market Segmentation by Product

7.1 Market segments
- Exhibit 48: Chart on Product - Market share 2023-2028 (%)
- Exhibit 49: Data Table on Product - Market share 2023-2028 (%)

7.2 Comparison by Product
- Exhibit 50: Chart on Comparison by Product
- Exhibit 51: Data Table on Comparison by Product

7.3 Air source heat pumps - Market size and forecast 2023-2028
- Exhibit 52: Chart on Air source heat pumps - Market size and forecast 2023-2028 ($ billion)
- Exhibit 53: Data Table on Air source heat pumps - Market size and forecast 2023-2028 ($ billion)
- Exhibit 54: Chart on Air source heat pumps - Year-over-year growth 2023-2028 (%)
- Exhibit 55: Data Table on Air source heat pumps - Year-over-year growth 2023-2028 (%)

7.4 Ground source heat pumps - Market size and forecast 2023-2028
- Exhibit 56: Chart on Ground source heat pumps - Market size and forecast 2023-2028 ($ billion)
- Exhibit 57: Data Table on Ground source heat pumps - Market size and forecast 2023-2028 ($ billion)
- Exhibit 58: Chart on Ground source heat pumps - Year-over-year growth 2023-2028 (%)
- Exhibit 59: Data Table on Ground source heat pumps - Year-over-year growth 2023-2028 (%)

7.5 Exhaust air heat pumps - Market size and forecast 2023-2028
- Exhibit 60: Chart on Exhaust air heat pumps - Market size and forecast 2023-2028 ($ billion)
- Exhibit 61: Data Table on Exhaust air heat pumps - Market size and forecast 2023-2028 ($ billion)
- Exhibit 62: Chart on Exhaust air heat pumps - Year-over-year growth 2023-2028 (%)
- Exhibit 63: Data Table on Exhaust air heat pumps - Year-over-year growth 2023-2028 (%)

7.6 Market opportunity by Product
- Exhibit 64: Market opportunity by Product ($ billion)
- Exhibit 65: Data Table on Market opportunity by Product ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 67: Chart on Market share by geography 2023-2028 (%)
- Exhibit 68: Data Table on Market share by geography 2023-2028 (%)

9.2 Geographic comparison
- Exhibit 69: Chart on Geographic comparison
- Exhibit 70: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2023-2028
- Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)

9.4 North America - Market size and forecast 2023-2028
- Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)

9.5 Europe - Market size and forecast 2023-2028
- Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)

9.6 South America - Market size and forecast 2023-2028
- Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)

9.7 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)

9.8 US - Market size and forecast 2023-2028
- Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)

9.9 China - Market size and forecast 2023-2028
- Exhibit 95: Chart on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 96: Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 97: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on China - Year-over-year growth 2023-2028 (%)

9.10 Germany - Market size and forecast 2023-2028
- Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)

9.11 Japan - Market size and forecast 2023-2028
- Exhibit 103: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
- Exhibit 104: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
- Exhibit 105: Chart on Japan - Year-over-year growth 2023-2028 (%)
- Exhibit 106: Data Table on Japan - Year-over-year growth 2023-2028 (%)

9.12 South Korea - Market size and forecast 2023-2028
- Exhibit 107: Chart on South Korea - Market size and forecast 2023-2028 ($ billion)
- Exhibit 108: Data Table on South Korea - Market size and forecast 2023-2028 ($ billion)
- Exhibit 109: Chart on South Korea - Year-over-year growth 2023-2028 (%)
- Exhibit 110: Data Table on South Korea - Year-over-year growth 2023-2028 (%)

9.13 Market opportunity by geography
- Exhibit 111: Market opportunity by geography ($ billion)
- Exhibit 112: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 113: Impact of drivers and challenges in 2023 and 2028

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 115: Overview on factors of disruption

11.4 Industry risks
- Exhibit 116: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 117: Vendors covered

12.2 Market positioning of vendors
- Exhibit 118: Matrix on vendor position and classification

12.3 Bard HVAC
- Exhibit 119: Bard HVAC - Overview
- Exhibit 120: Bard HVAC - Product / Service
- Exhibit 121: Bard HVAC - Key offerings

12.4 Daikin Industries Ltd.
- Exhibit 122: Daikin Industries Ltd. - Overview
- Exhibit 123: Daikin Industries Ltd. - Business segments
- Exhibit 124: Daikin Industries Ltd. - Key news
- Exhibit 125: Daikin Industries Ltd. - Key offerings
- Exhibit 126: Daikin Industries Ltd. - Segment focus

12.5 Danfoss AS
- Exhibit 127: Danfoss AS - Overview
- Exhibit 128: Danfoss AS - Business segments
- Exhibit 129: Danfoss AS - Key news
- Exhibit 130: Danfoss AS - Key offerings
- Exhibit 131: Danfoss AS - Segment focus

12.6 Dantherm Group AS
- Exhibit 132: Dantherm Group AS - Overview
- Exhibit 133: Dantherm Group AS - Product / Service
- Exhibit 134: Dantherm Group AS - Key offerings

12.7 DENSO Corp.
- Exhibit 135: DENSO Corp. - Overview
- Exhibit 136: DENSO Corp. - Business segments
- Exhibit 137: DENSO Corp. - Key news
- Exhibit 138: DENSO Corp. - Key offerings
- Exhibit 139: DENSO Corp. - Segment focus

12.8 Emerson Electric Co.
- Exhibit 140: Emerson Electric Co. - Overview
- Exhibit 141: Emerson Electric Co. - Business segments
- Exhibit 142: Emerson Electric Co. - Key news
- Exhibit 143: Emerson Electric Co. - Key offerings
- Exhibit 144: Emerson Electric Co. - Segment focus

12.9 Fujitsu Ltd.
- Exhibit 145: Fujitsu Ltd. - Overview
- Exhibit 146: Fujitsu Ltd. - Business segments
- Exhibit 147: Fujitsu Ltd. - Key news
- Exhibit 148: Fujitsu Ltd. - Key offerings
- Exhibit 149: Fujitsu Ltd. - Segment focus

12.10 Ingersoll Rand Inc.
- Exhibit 150: Ingersoll Rand Inc. - Overview
- Exhibit 151: Ingersoll Rand Inc. - Business segments
- Exhibit 152: Ingersoll Rand Inc. - Key offerings
- Exhibit 153: Ingersoll Rand Inc. - Segment focus

12.11 Johnson Controls International Plc
- Exhibit 154: Johnson Controls International Plc - Overview
- Exhibit 155: Johnson Controls International Plc - Business segments
- Exhibit 156: Johnson Controls International Plc - Key news
- Exhibit 157: Johnson Controls International Plc - Key offerings
- Exhibit 158: Johnson Controls International Plc - Segment focus

12.12 Lennox International Inc.
- Exhibit 159: Lennox International Inc. - Overview
- Exhibit 160: Lennox International Inc. - Business segments
- Exhibit 161: Lennox International Inc. - Key offerings
- Exhibit 162: Lennox International Inc. - Segment focus

12.13 Mitsubishi Electric Corp.
- Exhibit 163: Mitsubishi Electric Corp. - Overview
- Exhibit 164: Mitsubishi Electric Corp. - Business segments
- Exhibit 165: Mitsubishi Electric Corp. - Key news
- Exhibit 166: Mitsubishi Electric Corp. - Key offerings
- Exhibit 167: Mitsubishi Electric Corp. - Segment focus

12.14 NIBE Industrier AB
- Exhibit 168: NIBE Industrier AB - Overview
- Exhibit 169: NIBE Industrier AB - Business segments
- Exhibit 170: NIBE Industrier AB - Key news
- Exhibit 171: NIBE Industrier AB - Key offerings
- Exhibit 172: NIBE Industrier AB - Segment focus

12.15 Rheem Manufacturing Co.
- Exhibit 173: Rheem Manufacturing Co. - Overview
- Exhibit 174: Rheem Manufacturing Co. - Product / Service
- Exhibit 175: Rheem Manufacturing Co. - Key offerings

12.16 Robert Bosch GmbH
- Exhibit 176: Robert Bosch GmbH - Overview
- Exhibit 177: Robert Bosch GmbH - Business segments
- Exhibit 178: Robert Bosch GmbH - Key news
- Exhibit 179: Robert Bosch GmbH - Key offerings
- Exhibit 180: Robert Bosch GmbH - Segment focus

12.17 STIEBEL ELTRON GmbH and Co. KG
- Exhibit 181: STIEBEL ELTRON GmbH and Co. KG - Overview
- Exhibit 182: STIEBEL ELTRON GmbH and Co. KG - Product / Service
- Exhibit 183: STIEBEL ELTRON GmbH and Co. KG - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 184: Inclusions checklist
- Exhibit 185: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 186: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 187: Research methodology
- Exhibit 188: Validation techniques employed for market sizing
- Exhibit 189: Information sources