2025-2033 年热泵市场报告（按额定容量、产品类型、最终用途领域和地区）

2024年，全球热泵市场规模达642亿美元。展望未来， IMARC Group预计到2033年，市场规模将达到1,290亿美元，2025-2033年期间的复合年增长率（CAGR）为8.1%。城镇化和基础设施建设的快速发展、人们环保意识的增强和对永续生活的偏好，以及为满足住宅、商业和工业领域对节能供暖和製冷解决方案日益增长的需求而开发的环保技术，都是推动市场增长的一些因素。此外，亚太地区引领着热泵市场，这得益于城镇化进程加快、政府的利好倡议、对节能技术的需求激增以及住宅、商业和工业应用领域的持续技术进步，从而促进了该地区热泵市场的吸收和扩张。

热泵市场分析：

• 主要市场驱动力：能源价格上涨和日益加剧的环境担忧促使人们使用热泵作为传统供暖系统的有效替代品，市场正在经历强劲增长。此外，政府的支持和鼓励使用再生能源和节能电器的法规也促进了市场的成长。
• 主要市场趋势：由于与化石燃料系统相比，电动热泵的碳足迹较小，因此市场正在转向电动热泵。此外，物联网 (IoT) 和人工智慧 (AI) 等智慧技术在热泵中的应用，有助于提升能源管理和营运效率，也对市场产生了正面影响。
• 地理趋势：受政府支持政策、大量基础设施投资以及对永续能源解决方案的高需求推动，亚太地区占据市场主导地位。
• 竞争格局：该行业的一些主要市场参与者包括大金工业株式会社、三菱电机株式会社、美的集团、NIBE Industrier AB 公司、英格索兰、丹佛斯、松下公司、GDC 集团有限公司、威斯曼製造公司、罗伯特博世有限公司和联合技术公司。
• 挑战与机会：昂贵的安装费用和复杂的技术，尤其是在欠发达地区，正在影响热泵市场的收入。然而，开发经济高效的解决方案的机会以及对可持续供暖技术日益增长的需求有望克服这些困难。

热泵市场趋势：

都市化进程加快，基础建设加快

根据联合国开发计画署（UNDP）发布的《中国数据（2023）》报告，自1982年以来，中国城镇化率成长了两倍多，到2023年将达到66.2%。城镇化和基础设施建设的快速发展，尤其是在发展中国家，正在催化热泵的需求。城市建设的不断增加以及新住宅和商业建筑的兴建，推动了对现代化节能供暖和製冷方案的需求。热泵因其高效、环保和灵活性，在建筑领域越来越受到青睐。智慧城市和绿色建筑的蓬勃发展也促进了热泵的应用，这对于提高能源效率和减少城市基础设施对环境的影响至关重要。

技术进步与创新

与旧款热泵相比，现代热泵效率更高、适应性更强，即使在极寒环境下也能在不同天气条件下展现出更强的性能。变速压缩机、冷媒改进以及与智慧家庭的整合等技术进步，正在提升热泵的可靠性、易用性和多功能性。物联网 (IoT) 与人工智慧 (AI) 的结合，可改善能源管理和预测性维护，最终提升使用者体验和营运效率。这些技术进步不仅提升了热泵对使用者的吸引力，也拓宽了其在住宅、商业和工业环境中的潜力。为了顺应热泵市场的最新发展，美的于 2024 年 5 月推出了 EVOX G3 热泵系统，该系统采用改进的蒸汽喷射技术和低 GWP 冷媒 R454B 等先进技术，旨在为寒冷地区提供高效供暖。

可持续生活意识和偏好日益增强

人们越来越关注能源使用对环境的影响，并选择环保节能的能源。热泵因其能够大幅降低能源消耗和碳排放而广受青睐，这与人们向永续生活方式转变的趋势相契合。关于热泵长期经济和环境效益（例如降低水电费和减少碳足迹）的资讯广泛传播，进一步激励了房主和企业转向这项技术。需求的成长促使製造商打造更先进、更有效率、外观更美观的新型改良热泵。 2023年3月，三菱电机特灵暖通空调美国公司推出了intelli-HEAT™双燃料系统，该系统融合了热泵和燃气炉技术，以减少对化石燃料的依赖，同时在极寒天气下提供持续可靠的供暖。

热泵市场细分：

依额定容量分类：

• 高达 10 千瓦
• 10-20千瓦
• 20-30千瓦
• 30千瓦以上

10 kW 以下占据大部分市场份额

10千瓦以下的功率占据了大部分市场份额，因为它在家庭中被广泛使用。它因其能为个人住宅和小型公寓提供高效的供暖和製冷解决方案而受到青睐。价格实惠且安装过程相对简单，使其成为希望降低能源成本并最大程度减少碳足迹的房主的理想选择。此外，再生能源的日益普及和使用，以及政府对节能电器的奖励，也对这一细分市场的普及发挥了至关重要的作用。

按产品类型细分：

• 空气源热泵
• 地源热泵
• 水源热泵
• 排气热泵
• 其他的

空气源热泵占业界最大份额

根据热泵市场预测，空气源热泵 (ASHP) 占据最大市场份额，这得益于其广泛的应用范围和成本效益。 ASHP 之所以受到青睐，是因为它即使在寒冷的气温下也能从室外空气中吸收热量，并有效地将其输送到室内进行加热。与地源热泵或水源热泵相比，ASHP 的安装相对简单且成本更低，使其成为住宅和商业用途的可行选择。技术的进步正在提高 ASHP 的效率和性能，使其在不同气候条件下都广受欢迎。此外，日益重视降低碳排放以及政府对再生能源选择的激励措施是 ASHP 被广泛接受的关键因素。 2023 年，大金英国公司确认收购罗伯特希思供暖有限公司 (Robert Heath Heating Ltd)，以增强其 ASHP 服务能力，协助英国向低碳供暖转型。此次收购旨在增强大金在英国各地为其热泵系统提供服务的能力。

按最终用途领域划分：

• 住宅
• 商业的
• 饭店业
• 零售
• 教育
• 食品和饮料
• 纸张和纸浆
• 化学品和石化产品
• 其他的

住宅代表着领先的细分市场

根据热泵市场前景预测，由于家庭对节能环保的暖气和冷气方案的需求日益增长，住宅市场占据主导地位。房主优先考虑永续性和成本节约，导致住宅热泵的采用率不断上升。政府的激励措施和补贴也有助于推广节能电器，并鼓励从传统供暖系统转向热泵。智慧家庭技术的日益普及也与此趋势相契合，因为先进的热泵可以连接到家庭自动化系统，从而提高便利性和能源效率。此外，人们越来越意识到热泵带来的长期经济效益，例如降低水电费和提升房产价值，这也推动了住宅领域对热泵的需求。大金欧洲公司于2024年发布了其首款R290家用热泵Altherma 4 HS-S+系列。此系列有四种不同尺寸，可在低至-28°C的温度下可靠运行，同时还能提供高达75°C的水流温度。

按地区划分：

• 欧洲
• 北美洲
• 亚太地区
• 拉丁美洲
• 中东和非洲

亚太地区引领市场，占据最大的热泵市场份额

该报告还对所有主要区域市场进行了全面分析，包括欧洲、北美、亚太地区、中东和非洲以及拉丁美洲。报告指出，亚太地区是热泵最大的区域市场。

由于快速的城市化、经济成长和可支配收入的增加，亚太地区占据了最大的市场份额。建筑业日益增长的需求以及对能源效率和永续性的日益重视，推动了住宅和商业场所对热泵的需求。政府支持再生能源和环境保护的政策和努力也促进了该地区热泵的普及。此外，热泵系统的广泛接受和使用也归因于技术进步及其日益增长的经济实惠性。对减少碳排放和提高能源安全的关注正在推动热泵市场的成长。 2023年3月，大金工业宣布计画将印度转变为其主要的空调和热泵製造中心，到2025年将出口量增加三倍。该公司计划透过扩大在印度的生产能力来利用印度不断增长的需求。

区域要点：

欧洲热泵市场分析

欧洲在热泵技术的应用方面处于全球领先地位，其严格的能源效率指令、脱碳目标以及政府出台的激励措施，旨在取代化石燃料供暖，这些都为热泵技术的应用做出了贡献。西欧和北欧国家正在新建和改造建筑中广泛安装热泵，尤其是在住宅和轻型商业建筑中。补贴、碳定价以及要求低碳供暖的建筑法规等政策工具正在加速热泵的普及。此外，透过《欧洲绿色协议》，暖气电气化符合该地区的整体净零目标。空气源热泵也因其与现有散热器系统和水暖加热基础设施的兼容性而成为最受欢迎的选择。不断上涨的天然气价格和地缘政治能源问题进一步刺激了向电热解决方案的转变。因此，欧洲热泵市场在规模和价值方面稳步成长，尤其是在城市住宅和公共基础设施升级改造项目中。

北美热泵市场分析

北美热泵市场正经历渐进式变革，主要受永续发展目标、监管体系和消费者节能意识的推动。在美国和加拿大，住宅和商业供暖系统向电气化转型的步伐正在加快，尤其是在那些推出脱碳要求的州和省份。联邦和各州的激励措施，例如《通货膨胀削减法案》等法案下的退税和税收抵免，正在降低热泵的价格。寒冷气候热泵技术正在快速发展，即使在先前使用燃气或燃油炉的北方气候条件下，也已具备应用条件。此外，由于热泵效率更高、长期成本更低，传统暖通空调系统的更换週期也越来越倾向使用热泵。开发商正在将这些系统应用于绿色住宅和永续建筑。因此，在政策倡议、绿色建筑规范和技术进步的巨大推动下，北美热泵市场正在稳步扩张。

亚太热泵市场分析

受能源需求成长、城镇化和经济成长的推动，亚太地区是一个充满活力且快速扩张的热泵市场。在政府措施、碳中和承诺和节能政策的推动下，中国、日本、韩国和澳洲是主要的热泵应用市场。住宅领域对节能供暖和冷气系统的需求尤其呈上升趋势。在中国和印度等人口稠密的国家，由于重视绿色建筑和永续基础设施，市场渗透率正在不断提高。基于逆变器的技术和可变冷媒流量系统的技术创新正在增强系统在不同气候条件下的灵活性。此外，再生能源发电投资的不断增加，使热泵成为减少建筑业排放的经济选择。商业应用也在兴起，尤其是在饭店、教育和医疗建筑领域。在政策支援和区域製造基地的推动下，亚太热泵市场预计将在国内需求和出口拉动的扩张的推动下实现强劲增长。

拉丁美洲热泵市场分析

受绿色能源解决方案和气候敏感型建筑设计日益增长的推动，拉丁美洲热泵市场正在缓慢增长。儘管市场成熟度低于已开发地区，但巴西、智利和墨西哥的热泵市场，尤其是在商业和酒店领域，透过应用热泵技术，其成长正在不断加快。都市化、电力供应的改善以及消费者对节能设备的了解，共同推动市场的成长。热泵热水器作为一种经济高效且环保的热水器，在气候变暖的地区越来越受欢迎。目前，各地区政府正开始实施能源效率标识和激励计划，以推动市场成长。然而，价格承受能力和公众认知度仍然是大规模住宅应用的挑战。随着全球製造商的扩张和国内製造能力的提升，拉丁美洲热泵市场预计将温和扩张，尤其是在中高收入城市市场以及旅游和医疗保健等热水使用量较高的行业。

中东和非洲热泵市场分析

中东和非洲 (MEA) 热泵市场尚处于起步阶段，但随着城镇化进程加快、电力覆盖范围扩大以及消费者对节能气候控制解决方案的偏好转变，预计该市场将拥有显着的长期成长前景。在中东，冷气是主要需求，热泵主要因其双重优势而被使用——在冬季供暖的同时高效处理冷负荷。海湾国家正在寻求可持续的选择，以支持「2030 愿景」和相应的绿色发展计画。在南非和东非地区，混合热泵和太阳能辅助热水技术正在被研究用于家庭和机构应用。医院、学校和旅馆的商业用途正在逐渐升温。国际发展融资和基础设施投资可能为未来的成长提供资金。整体而言，中东和非洲热泵市场展现出潜力，但规模发展取决于经济承受能力、消费者意识和电网稳定性。

本报告回答的关键问题

• 热泵市场规模有多大
• 热泵市场潜力有多大
• 2025-2033年全球热泵市场的预期成长率是多少
• 推动全球热泵市场的关键因素有哪些
• COVID-19 对全球热泵市场有何影响
• 根据额定容量，全球热泵市场如何划分
• 根据产品类型，全球热泵市场如何划分
• 根据最终用途领域，全球热泵市场如何划分
• 全球热泵市场的主要区域有哪些
• 10. 顶级热泵製造商有哪些？

本报告回答的关键问题

• 热泵市场规模有多大？热泵市场潜力有多大？
• 2025 年至 2033 年期间全球热泵市场的预期成长率为何？
• 推动全球热泵市场发展的关键因素有哪些？
• COVID-19 对全球热泵市场有何影响？
• 根据额定容量，全球热泵市场如何分布？
• 根据产品类型，全球热泵市场是如何分布的？
• 根据最终用途领域，全球热泵市场是如何分布的？
• 全球热泵市场的主要区域有哪些？
• 顶级热泵製造商有哪些？

目录

第一章：前言

第二章：范围与方法

• 研究目标
• 利害关係人
• 资料来源
  • 主要来源
  • 次要来源
• 市场评估
  • 自下而上的方法
  • 自上而下的方法
• 预测方法

第三章：执行摘要

第四章：简介

• 概述
• 主要行业趋势

第五章：全球热泵市场

• 市场概览
• 市场表现
• COVID-19的影响
• 市场区隔：依额定容量
• 市场区隔：依产品类型
• 市场区隔：依最终用途领域
• 市场区隔：按地区
• 市场预测

第六章：SWOT分析

• 概述
• 优势
• 弱点
• 机会
• 威胁

第七章：价值链分析

第 8 章：波特五力分析

• 概述
• 买家的议价能力
• 供应商的议价能力
• 竞争程度
• 新进入者的威胁
• 替代品的威胁

第九章：市场区隔：依额定容量

• 高达 10 千瓦
• 10-20千瓦
• 20-30千瓦
• 30千瓦以上

第十章：市场区隔：依产品类型

• 空气源热泵
• 地源热泵
• 水源热泵
• 排气热泵
• 其他的

第 11 章：市场区隔：依最终用途领域

• 住宅
• 商业的
• 饭店业
• 零售
• 教育
• 食品和饮料
• 纸张和纸浆
• 化学品和石化产品
• 其他的

第十二章：市场区隔：按地区

• 欧洲
• 北美洲
• 亚太地区
• 中东和非洲
• 拉丁美洲

第十三章：价格分析

第 14 章：竞争格局

• 市场结构
• 关键参与者
• 关键参与者简介
  • Daikin Industries, Ltd
  • Mitsubishi Electric Corporation
  • MIDEA GROUP
  • NIBE Industrier AB, Corp
  • Ingersoll Rand
  • Danfoss
  • Panasonic Corporation
  • GDC Group Limited
  • Viessmann Manufacturing Company Inc
  • Robert Bosch GmbH
  • United Technologies Corporation

The global heat pumps market size reached USD 64.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 129.0 Billion by 2033, exhibiting a growth rate (CAGR) of 8.1% during 2025-2033. The rapid pace of urbanization and infrastructure development, increasing awareness about environment and preference for sustainable living, and development of eco-friendly technologies to meet the rising demand for energy-efficient heating and cooling solutions in residential, commercial, and industrial sectors are some of the factors impelling the market growth. Furthermore, Asia Pacific leads the heat pump market, fuelled by enhanced urbanisation, favorable government initiatives, surging demand for energy-efficient technologies, and ongoing technological advancement in residential, commercial, and industrial applications, promoting regional uptake and expansion.

Heat Pumps Market Analysis:

• Major Market Drivers: The market is experiencing strong growth owing to the increasing energy prices and rising environmental worries that are encouraging the use of heat pumps as an effective substitute for conventional heating systems. In addition, government support and regulations that encourage the use of renewable energy and energy-efficient appliances are strengthening the market growth.
• Key Market Trends: There is a shift towards electric heat pumps because of their lesser carbon footprint compared to fossil fuel systems. Furthermore, the employment of smart technologies like the internet of things (IoT) and artificial intelligence (AI) in heat pumps to enhance energy management and operational efficiency is positively influencing the market.
• Geographical Trends: Asia Pacific dominates the market, driven by supportive government policies, substantial investments in infrastructure, and a high demand for sustainable energy solutions.
• Competitive Landscape: Some of the major market players in the industry include Daikin Industries, Ltd., Mitsubishi Electric Corporation, MIDEA GROUP, NIBE Industrier AB, Corp., Ingersoll Rand, Danfoss, Panasonic Corporation, GDC Group Limited, Viessmann Manufacturing Company Inc., Robert Bosch GmbH, and United Technologies Corporation.
• Challenges and Opportunities: Expensive setup fees and complicated technology, especially in less developed areas, are influencing the heat pumps market revenue. However, opportunities in the development of cost-effective solutions and the growing demand for sustainable heating technologies are expected to overcome these complications.

Heat Pumps Market Trends:

Rising Urbanization and Infrastructure Development

The rate of urbanization increased by more than three times since 1982, reaching 66.2% in 2023, according to the" China in Numbers (2023)" report by the United Nations Development Programme (UNDP). The fast rate of urbanization and development of infrastructure, particularly in developing countries, is catalyzing the heat pumps demand. The rising construction of cities and the development of new residential and commercial structures are driving the need for contemporary, energy-saving heating and cooling options. Heat pumps are gaining traction in construction because of their effectiveness, eco-friendliness, and flexibility. The growing construction of smart cities and green buildings is encouraging the adoption of heat pumps, which are essential in achieving energy efficiency and reducing the environmental impacts of urban infrastructure.

Technological Advancements and Innovation

Modern heat pumps are more efficient and adaptable compared to older models, showcasing enhanced capabilities in different weather conditions, even in extremely cold environments. Advancements like variable speed compressors, improved refrigerants, and integration with smart homes are increasing the reliability, ease of use, and versatility of heat pumps. Combining Internet of Things (IoT) and artificial intelligence (AI) results in improved energy management and predictive maintenance, ultimately enhancing user experience and operational efficiency. These advancements in technology not only improve the appeal of heat pumps for users but also broaden their potential in residential, commercial, and industrial settings. In line with the heat pumps market recent developments, in May 2024, Midea introduced the EVOX G3 heat pump system, which includes advanced technologies such as improved vapor injection and low GWP refrigerant R454B, intended for effective heating in colder regions.

Growing Awareness and Preference for Sustainable Living

People are becoming more concerned about how their energy use affects the environment and are choosing to use eco-friendly and energy-efficient options. Heat pumps are widely preferred due to their ability to greatly decrease energy usage and carbon emissions, aligning with the shift towards sustainable lifestyles. The widespread dissemination of information regarding the long-term economic and environmental benefits of heat pumps, such as lower utility bills and reduced carbon footprints, further motivates both homeowners and businesses to transition to this technology. The increase in need is encouraging manufacturers to create new and improved heat pump models that are more advanced, efficient, and visually appealing. In March 2023, Mitsubishi Electric Trane HVAC US introduced the intelli-HEAT(TM) Dual Fuel System, which merges heat pump and gas furnace technology to reduce dependence on fossil fuels while providing consistent, reliable heating in extremely cold weather.

Heat Pumps Market Segmentation:

Breakup by Rated Capacity:

• Up to 10 kW
• 10-20 kW
• 20-30 kW
• Above 30 kW

Up to 10 kW accounts for the majority of the market share

Up to 10 kW accounts for the majority of the market share because it is widely used in homes. It is preferred for its effectiveness in offering heating and cooling solutions for individual homes and small apartments. The affordability and relatively simple installation process make it an attractive option for homeowners looking to reduce energy costs and minimize their carbon footprint. Furthermore, the growing recognition and use of renewable energy sources, along with government rewards for energy-efficient appliances, also play a vital role in the prevalence of this segment.

Breakup by Product Type:

• Air Source Heat Pump
• Ground Source Heat Pump
• Water Source Heat Pump
• Exhaust Air Heat Pump
• Others

Air source heat pump holds the largest share of the industry

Air source heat pump (ASHP) represents the largest segment according to the heat pumps market forecast, driven by its wide range of applications and cost efficiency. ASHP is preferred as it can draw heat from the outdoor air, even in cold temperatures, and effectively move it indoors for heating. It is relatively easier and less expensive to set up than ground or water source heat pumps, making it a viable choice for residential and commercial purposes. Advancements in technology are increasing the efficiency and performance of ASHP, contributing to its popularity across different climate conditions. Furthermore, the growing emphasis on lowering carbon emissions and the presence of government incentives for renewable energy options are key factors in the widespread acceptance of ASHP. In 2023, Daikin UK confirmed the purchase of Robert Heath Heating Ltd to improve its ability to provide services for ASHP, aiding the UK in its shift to low-carbon heating. The goal of the acquisition was to enhance Daikin's ability to service its heat pump systems throughout the UK.

Breakup by End Use Sector:

• Residential
• Commercial
• Hospitality
• Retail
• Education
• Food & Beverage
• Paper & Pulp
• Chemicals & Petrochemicals
• Others

Residential represents the leading market segment

Residential dominates the market, as per the heat pumps market outlook, owing to the growing need for energy-efficient and eco-friendly heating and cooling options in households. Homeowners are prioritizing sustainability and cost savings, leading to a rise in the adoption of heat pumps for residential use. Government incentives and subsidies also help to promote energy-efficient appliances and encourage the shift from traditional heating systems to heat pumps. The increasing popularity of smart home technologies aligns with this trend, as advanced heat pumps can be connected to home automation systems to improve convenience and energy efficiency. Furthermore, the growing awareness about the long-term economic benefits, such as lower utility bills and increased property values, is driving the demand for heat pumps in the residential sector. In 2024, Daikin Europe revealed that its Altherma 4 HS-S+ series, the company's first R290 residential heat pump. It comes in four different sizes and can function dependably in temperatures as low as -28°C while also delivering water flow temperatures of up to 75°C.

Breakup by Region:

• Europe
• North America
• Asia Pacific
• Latin America
• Middle East and Africa

Asia Pacific leads the market, accounting for the largest heat pumps market share

The report has also provided a comprehensive analysis of all the major regional markets, which include Europe, North America, Asia Pacific, the Middle East and Africa, and Latin America. According to the report, Asia Pacific represents the largest regional market for heat pumps.

Asia Pacific holds the biggest market share due to rapid urbanization, economic growth, and rising disposable incomes. The increasing need in the construction sector and the growing emphasis on energy efficiency and sustainability are driving the need for heat pumps in residential and commercial settings. Government policies and efforts to support renewable energy and environmental preservation are also enhancing the uptake of heat pumps in the region. Furthermore, the widespread acceptance and use of heat pump systems are also attributed to technological advancements and their growing affordability. The focus on decreasing carbon emissions and improving energy security is bolstering the heat pumps market growth. In March 2023, Daikin Industries revealed intentions to transform India into its primary manufacturing center for air conditioners and heat pumps to increase exports by three times by the year 2025. The company planned to take advantage of the rising demand in India by expanding production capabilities in the country.

Key Regional Takeaways:

Europe Heat Pumps Market Analysis

Europe is a global leader in the uptake of heat pump technology, with stringent energy efficiency directives, decarbonization targets, and government-sponsored incentives to displace fossil-fuel-based heating contributing to it. Western and Northern European countries are seeing widespread installations in new constructions and retrofits, especially in residential and light commercial applications. Policy tools like subsidies, carbon pricing, and building regulations requiring low-carbon heating are accelerating heat pump adoption. Additionally, heating electrification fits into the overall net-zero objectives in the region through the European Green Deal. Air-to-water heat pumps are also most preferred for compatibility with current radiator systems and hydronic heating infrastructure. Increasingly high natural gas prices and geopolitical energy issues further spurred the transition toward electric heat solutions. Consequently, the Europe heat pumps market is growing steadily in volume and value, particularly in urban residential and public infrastructure upgrade activities.

North America Heat Pumps Market Analysis

North America's heat pump market is experiencing gradual change, driven primarily by sustainability targets, regulatory schemes, and energy savings awareness among consumers. In the United States and Canada, the shift towards electrification of heating systems in residential and commercial segments is picking pace, especially in states and provinces that have decarbonization requirements. Federal and state incentives, such as rebates and tax credits under bills such as the Inflation Reduction Act, are making heat pumps more affordable. The technology for cold-climate heat pumps is rapidly evolving, making adoption possible even in northern climates previously served by gas or oil furnaces. Furthermore, the replacement cycle of conventional HVAC systems is increasingly tending towards heat pumps because of enhanced efficiency and long-term cost savings. Developers are incorporating these systems in green housing and sustainable buildings. The North America heat pumps market, therefore, is expanding steadily with an immense thrust from policy initiatives, green building codes, and technological advancements.

Asia Pacific Heat Pumps Market Analysis

Asia Pacific is a vibrant and fast-expanding market for heat pumps driven by rising energy needs, urbanization, and economic growth. China, Japan, South Korea, and Australia are among the primary adopters, driven by government initiatives and carbon-neutrality commitments and energy conservation policies. The residential segment, especially, is seeing an uptrend in demand for energy-efficient heating and cooling systems. In densely populated countries such as China and India, market penetration is growing due to the emphasis on green buildings and sustainable infrastructure. Technological innovations in inverter-based technology and variable refrigerant flow systems are enhancing system flexibility in diverse climates. Furthermore, rising investments in renewable generation of electricity make heat pumps an economical option to abate building sector emissions. Commercial applications are on the rise as well, especially in hospitality, educational, and healthcare buildings. With policy backing and regional manufacturing bases, the Asia Pacific heat pumps market is set for strong growth, driven by domestic demand as well as export-led expansion.

Latin America Heat Pumps Market Analysis

The Latin American heat pumps market is slowly growing, aided by increased interest in green energy solutions and climate-sensitive building design. Although market maturity is lower than in advanced regions, growth through adoption in Brazil, Chile, and Mexico, especially in commercial and hotel segments, is increasing. Urbanization, combined with improved access to electricity and consumer knowledge of energy-efficient equipment, is driving the market growth. Heat pump water heaters are gaining popularity as a cost-effective and environmentally friendly option for warmer climates. Regional governments are now starting to implement energy-efficiency labeling and incentive programs to drive market growth. Affordability and awareness continue to pose challenges for mass residential adoption. As global manufacturers expand their presence and domestic manufacturing capacity improves, the Latin America heat pumps market is likely to expand moderately, particularly in mid-to-high income urban markets and industries with high hot water usage such as tourism and healthcare.

Middle East and Africa Heat Pumps Market Analysis

MEA heat pumps market is still in the nascent phase but is expected to have significant long-term growth prospects on account of rising urbanization, expanding access to electricity, and changing consumer preferences towards energy-efficient climate control solutions. In the Middle East, where cooling represents a major necessity, heat pumps are mainly being used for their dual advantage-supplying heating in winter months while handling cooling loads efficiently. Gulf countries are seeking sustainable options to support Vision 2030 and corresponding green development plans. In South Africa and East African regions, hybrid heat pump and solar-assisted water heating technologies are being researched for domestic and institutional applications. Commercial uses in hospitals, schools, and hotels are slowly picking up steam. International development finance and infrastructure investments may finance future growth. In total, the Middle East and Africa heat pump market demonstrates potential, but scale-up is subject to affordability, consciousness, and grid stability.

Competitive Landscape:

• The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the industry include Daikin Industries, Ltd., Mitsubishi Electric Corporation, MIDEA GROUP, NIBE Industrier AB, Corp., Ingersoll Rand, Danfoss, Panasonic Corporation, GDC Group Limited, Viessmann Manufacturing Company Inc., Robert Bosch GmbH, United Technologies Corporation, etc.
• Major heat pump companies are focusing on improving the efficiency and performance of their products through innovation and technological advancements. They are making investments in research operations to launch advanced heat pumps with intelligent capabilities, enhanced energy efficiency, and reduced environmental footprint. Strategic alliances and cooperative efforts are being established to broaden their market presence and enhance their distribution channels. Businesses are also involved in mergers and acquisitions (M&A) to strengthen their market presence and broaden their range of products. Moreover, they are taking advantage of government incentives and policies that support renewable energy to increase their sales and market share. In May 2024, Daikin declared five commitments to boost heat pump supply in California, backing the state's aim to have six million heat pumps in use by 2030. This involved intentions to manufacture one million heat pumps and increase local staff and partnerships.

Key Questions Answered in This Report

• 1.What is the size of the heat pump market?
• 2.What is the potential of heat pump market?
• 3.What is the expected growth rate of the global heat pumps market during 2025-2033?
• 4.What are the key factors driving the global heat pumps market?
• 5.What has been the impact of COVID-19 on the global heat pumps market?
• 6.What is the breakup of the global heat pumps market based on the rated capacity?
• 7.What is the breakup of the global heat pumps market based on the product type?
• 8.What is the breakup of the global heat pumps market based on the end use sector?
• 9.What are the key regions in the global heat pumps market?
• 10.Who are the top manufacturers of heat pumps?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Heat Pumps Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Breakup by Rated Capacity
• 5.5 Market Breakup by Product Type
• 5.6 Market Breakup by End Use Sector
• 5.7 Market Breakup by Region
• 5.8 Market Forecast

6 SWOT Analysis

• 6.1 Overview
• 6.2 Strengths
• 6.3 Weaknesses
• 6.4 Opportunities
• 6.5 Threats

7 Value Chain Analysis

8 Porter's Five Forces Analysis

• 8.1 Overview
• 8.2 Bargaining Power of Buyers
• 8.3 Bargaining Power of Suppliers
• 8.4 Degree of Competition
• 8.5 Threat of New Entrants
• 8.6 Threat of Substitutes

9 Market Breakup by Rated Capacity

• 9.1 Up to 10 kW
  • 9.1.1 Market Trends
  • 9.1.2 Market Forecast
• 9.2 10-20 kW
  • 9.2.1 Market Trends
  • 9.2.2 Market Forecast
• 9.3 20-30 kW
  • 9.3.1 Market Trends
  • 9.3.2 Market Forecast
• 9.4 Above 30 kW
  • 9.4.1 Market Trends
  • 9.4.2 Market Forecast

10 Market Breakup by Product Type

• 10.1 Air Source Heat Pump
  • 10.1.1 Market Trends
  • 10.1.2 Market Forecast
• 10.2 Ground Source Heat Pump
  • 10.2.1 Market Trends
  • 10.2.2 Market Forecast
• 10.3 Water Source Heat Pump
  • 10.3.1 Market Trends
  • 10.3.2 Market Forecast
• 10.4 Exhaust Air Heat Pump
  • 10.4.1 Market Trends
  • 10.4.2 Market Forecast
• 10.5 Others
  • 10.5.1 Market Trends
  • 10.5.2 Market Forecast

11 Market Breakup by End Use Sector

• 11.1 Residential
  • 11.1.1 Market Trends
  • 11.1.2 Market Forecast
• 11.2 Commercial
  • 11.2.1 Market Trends
  • 11.2.2 Market Forecast
• 11.3 Hospitality
  • 11.3.1 Market Trends
  • 11.3.2 Market Forecast
• 11.4 Retail
  • 11.4.1 Market Trends
  • 11.4.2 Market Forecast
• 11.5 Education
  • 11.5.1 Market Trends
  • 11.5.2 Market Forecast
• 11.6 Food & Beverage
  • 11.6.1 Market Trends
  • 11.6.2 Market Forecast
• 11.7 Paper & Pulp
  • 11.7.1 Market Trends
  • 11.7.2 Market Forecast
• 11.8 Chemicals & Petrochemicals
  • 11.8.1 Market Trends
  • 11.8.2 Market Forecast
• 11.9 Others
  • 11.9.1 Market Trends
  • 11.9.2 Market Forecast

12 Market Breakup by Region

• 12.1 Europe
  • 12.1.1 Market Trends
  • 12.1.2 Market Forecast
• 12.2 North America
  • 12.2.1 Market Trends
  • 12.2.2 Market Forecast
• 12.3 Asia Pacific
  • 12.3.1 Market Trends
  • 12.3.2 Market Forecast
• 12.4 Middle East and Africa
  • 12.4.1 Market Trends
  • 12.4.2 Market Forecast
• 12.5 Latin America
  • 12.5.1 Market Trends
  • 12.5.2 Market Forecast

13 Price Analysis

14 Competitive Landscape

• 14.1 Market Structure
• 14.2 Key Players
• 14.3 Profiles of Key Players
  • 14.3.1 Daikin Industries, Ltd
  • 14.3.2 Mitsubishi Electric Corporation
  • 14.3.3 MIDEA GROUP
  • 14.3.4 NIBE Industrier AB, Corp
  • 14.3.5 Ingersoll Rand
  • 14.3.6 Danfoss
  • 14.3.7 Panasonic Corporation
  • 14.3.8 GDC Group Limited
  • 14.3.9 Viessmann Manufacturing Company Inc
  • 14.3.10 Robert Bosch GmbH
  • 14.3.11 United Technologies Corporation

List of Figures

• Figure 1: Global: Heat Pumps Market: Major Drivers and Challenges
• Figure 2: Global: Heat Pumps Market: Sales Value (in Billion USD), 2019-2024
• Figure 3: Global: Heat Pumps Market: Breakup by Rated Capacity (in %), 2024
• Figure 4: Global: Heat Pumps Market: Breakup by Product Type (in %), 2024
• Figure 5: Global: Heat Pumps Market: Breakup by End Use Sector (in %), 2024
• Figure 6: Global: Heat Pumps Market: Breakup by Region (in %), 2024
• Figure 7: Global: Heat Pumps Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 8: Global: Heat Pumps Industry: SWOT Analysis
• Figure 9: Global: Heat Pumps Industry: Value Chain Analysis
• Figure 10: Global: Heat Pumps Industry: Porter's Five Forces Analysis
• Figure 11: Global: Heat Pumps (Up to 10 kW) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 12: Global: Heat Pumps (Up to 10 kW) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 13: Global: Heat Pumps (10-20 kW) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 14: Global: Heat Pumps (10-20 kW) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 15: Global: Heat Pumps (20-30 kW) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 16: Global: Heat Pumps (20-30 kW) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 17: Global: Heat Pumps (Above 30 kW) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 18: Global: Heat Pumps (Above 30 kW) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 19: Global: Heat Pumps (Air Source Heat Pump) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 20: Global: Heat Pumps (Air Source Heat Pump) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 21: Global: Heat Pumps (Ground Source Heat Pump) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 22: Global: Heat Pumps (Ground Source Heat Pump) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 23: Global: Heat Pumps (Water Source Heat Pump) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 24: Global: Heat Pumps (Water Source Heat Pump) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 25: Global: Heat Pumps (Exhaust Air Heat Pump) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 26: Global: Heat Pumps (Exhaust Air Heat Pump) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 27: Global: Heat Pumps (Other Product Types) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 28: Global: Heat Pumps (Other Product Types) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 29: Global: Heat Pumps (Residential) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 30: Global: Heat Pumps (Residential) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 31: Global: Heat Pumps (Commercial) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 32: Global: Heat Pumps (Commercial) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 33: Global: Heat Pumps (Hospitality) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 34: Global: Heat Pumps (Hospitality) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 35: Global: Heat Pumps (Retail) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 36: Global: Heat Pumps (Retail) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 37: Global: Heat Pumps (Education) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 38: Global: Heat Pumps (Education) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 39: Global: Heat Pumps (Food & Beverage) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 40: Global: Heat Pumps (Food & Beverage) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 41: Global: Heat Pumps (Paper & Pulp) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 42: Global: Heat Pumps (Paper & Pulp) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 43: Global: Heat Pumps (Chemicals & Petrochemicals) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 44: Global: Heat Pumps (Chemicals & Petrochemicals) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 45: Global: Heat Pumps (Other End Use Sectors) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 46: Global: Heat Pumps (Other End Use Sectors) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 47: Europe: Heat Pumps Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 48: Europe: Heat Pumps Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 49: North America: Heat Pumps Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 50: North America: Heat Pumps Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 51: Asia Pacific: Heat Pumps Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 52: Asia Pacific: Heat Pumps Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 53: Middle East and Africa: Heat Pumps Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 54: Middle East and Africa: Heat Pumps Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 55: Latin America: Heat Pumps Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 56: Latin America: Heat Pumps Market Forecast: Sales Value (in Billion USD), 2025-2033

List of Tables

• Table 1: Global: Heat Pumps Market: Key Industry Highlights, 2024 and 2033
• Table 2: Global: Heat Pumps Market Forecast: Breakup by Rated Capacity (in Billion USD), 2025-2033
• Table 3: Global: Heat Pumps Market Forecast: Breakup by Product Type (in Billion USD), 2025-2033
• Table 4: Global: Heat Pumps Market Forecast: Breakup by End Use Sector (in Billion USD), 2025-2033
• Table 5: Global: Heat Pumps Market Forecast: Breakup by Region (in Billion USD), 2025-2033
• Table 6: Global: Heat Pumps Market Structure
• Table 7: Global: Heat Pumps Market: Key Players