Product Code: r15119
Heat pumps are devices that transfer heat from a cooler area to a warmer one, resulting in cooling the cooler space and warming the warmer area.
Primary heat pump types include air source, air-to-air, air-to-water, water source, and ground source. Ground-source heat pumps are notably efficient, drawing heat from the ground for space heating and cooling purposes. These pumps are rated with capacities ranging up to 10 kW, 10-20 kW, 20-30 kW, and exceeding 30 kW. The end-users encompass residential, commercial, and industrial sectors.
The heat pumps market research report is one of a series of new reports from The Business Research Company that provides heat pumps market statistics, including heat pumps industry global market size, regional shares, competitors with a heat pumps market share, detailed heat pumps market segments, market trends and opportunities, and any further data you may need to thrive in the heat pumps industry. This heat pumps market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The heat pumps market size has grown strongly in recent years. It will grow from $115.28 billion in 2023 to $124.75 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth witnessed in the historic period can be attributed to several factors, including advancements in integrating renewable energy sources, heightened awareness due to energy crises and environmental concerns, increasing worries about climate change, evolving urbanization patterns, shifting housing trends, and the consistent rise in energy expenses.
The heat pumps market size is expected to see strong growth in the next few years. It will grow to $157.06 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. Forecasted growth is propelled by energy efficiency regulations, climate change policies, higher energy prices, urbanization, and consumer demand for sustainability. Anticipated trends include hybrid heat pumps, decarbonization efforts, heat pump electrification, smart heat pump tech, and cold climate heat pumps.
Government regulations and policies aimed at enhancing energy efficiency are playing a pivotal role in driving demand for renewable energy sources, consequently fueling the expansion of the heat pumps market. Recognized for their minimal carbon footprint, swift installation, and reduced energy consumption in both household and industrial applications, heat pumps are gaining prominence. The pursuit of energy efficiency not only has significant potential for bolstering economic growth but also aligns with global efforts to curtail greenhouse gas emissions. Governments worldwide are increasingly adopting energy conservation policies to address this concern. For example, the UK government has established an Energy Efficiency Office that spans various departments, tasked with monitoring, coordinating, and formulating energy conservation policies. Similarly, in the USA, industries consuming over one million GJ/A (100) are mandated to report their energy conservation and consumption initiatives to the Department of Energy, seeking guidance on enhancing energy use efficiency. Consequently, the heightened focus on reducing energy consumption is anticipated to drive demand for energy-efficient solutions, fostering the growth of the heat pumps market.
The heat pumps market is poised for growth, propelled by favorable initiatives to minimize carbon footprints. The term "carbon footprint" encompasses the total greenhouse gas emissions, primarily carbon dioxide (CO2) and other equivalents, generated directly or indirectly by individuals, organizations, events, products, or activities over a specific timeframe. Heat pumps stand out as an energy-efficient alternative, emitting fewer carbon emissions compared to conventional heating and cooling systems. Government incentives, adherence to green building standards, and heightened consumer awareness are further propelling the adoption of heat pumps as a sustainable choice. As the global community intensifies efforts to combat climate change and reduce carbon emissions, heat pumps emerge as an attractive solution for lowering environmental impact, while simultaneously delivering cost savings and compliance with regulations. For example, in August 2023, the UK government launched the Net Zero Innovation Portfolio (NZIP), a £1 billion ($1.37 billion) fund designed to expedite the commercialization of innovative technologies and processes, thereby advancing decarbonization in the UK and supporting its commitment to achieving net-zero emissions by 2050. Thus, the implementation of measures to reduce carbon footprints is a driving force behind the growth of the heat pumps market.
The growth of the heat pumps market faced limitations due to the impact of the COVID-19 outbreak. Governments worldwide implemented strict measures restricting the movement of people, leading to disruptions in the supply chain. COVID-19-induced lockdowns compelled many industries, including the heating, ventilation, and air conditioning (HVAC) sector, to either shut down or operate at minimal capacity. This situation had adverse effects on the revenues of various industries. For example, Lennox International Inc., a prominent US-based provider of climate control products for air conditioning, heating, ventilation, and refrigeration, experienced challenges due to the intricate nature of its global supply chain. Lennox International Inc. operates manufacturing facilities in states such as Georgia, Arkansas, Mississippi, and South Carolina, and its distribution network spans local and regional stores and centers. The company also relies on contractors and dealers for product sales. Consequently, the lockdown restrictions imposed during the COVID-19 pandemic significantly impacted Lennox's ability to deliver products to customers, leading to a constraint in the market growth of heat pumps during that period.
Leading companies in the heat pumps market are actively engaged in the development of new eco-friendly products, leveraging innovation to gain a competitive advantage. These eco-friendly offerings are strategically designed to curtail energy consumption, reduce greenhouse gas emissions, and minimize overall environmental impact, while providing effective climate control across various applications. A notable example is Mitsubishi Electric Corporation, a Japan-based electronics company, which unveiled the Ecodan CAHV-R air source heat pump in November 2022. This cutting-edge solution operates with a low-GWP R454C refrigerant, positioning it as an environmentally conscious choice for both sanitary hot water and space heating in commercial applications. The Ecodan CAHV-R system boasts the flexibility to function as a single unit or as part of a multiple-unit system, catering to diverse settings such as schools and hospitals. Its cascading and rotation capabilities enable efficient year-round delivery of sustainable space heating and hot water, contributing to the HVAC industry's eco-friendly offerings. Key features include reduced embodied carbon, the capacity to achieve a 70&deC outlet temperature even at -2&deC ambient temperature, and an advanced heat exchange design for shorter defrost times. Noteworthy energy efficiency enhancements include low-frequency compressor control and the option to rotate units based on accumulated run hours, ensuring prolonged product longevity.
Major players in the heat pumps market are actively pursuing renewable solutions, particularly in the form of hybrid heating systems, to establish a competitive edge. Hybrid heating systems integrate two or more heating technologies to optimize energy efficiency and mitigate environmental impact. Alpha Heating Innovation, a UK-based electrical and electronics manufacturing company, exemplifies this trend with the launch of the E-Tec Hybrid in January 2023. This innovative hybrid heating system facilitates homeowners in transitioning to renewable heating while retaining the reliability of a gas boiler. The system combines the Alpha E-Tec 33 boiler with an external heat pump unit (Alpha E-Tec EHP) and Smartech controls, ensuring efficient heating and hot water. The system's intelligent selection of the most cost-effective energy source based on current energy tariffs and outdoor temperatures, coupled with features such as instantaneous hot water, eliminates the need for upgrading existing heating systems. Furthermore, its quick installation, completed in a single day, enhances its appeal as a practical and renewable solution in the heat pumps market.
In January 2023, Johnson Controls International PLC, an Ireland-based industrial machinery manufacturing company, acquired Hybrid Energy AS for an undisclosed sum. This strategic acquisition strengthened Johnson Controls' industrial heat pump portfolio, enabling the provision of high-temperature heat pumps with energy-efficient and sustainable solutions. The focus is on serving the rapidly growing district heating and industrial markets, especially in Europe, while aligning with decarbonization and sustainability objectives. Hybrid Energy AS, the acquired company, is based in Norway and specializes in energy management solutions, with a particular emphasis on high-temperature solutions, including heat pumps for district heating and industrial processes.
Major companies operating in the heat pumps market report are Robert Bosch GmbH, Hitachi Ltd., United Technologies Corporation, LG Electronics Inc., Panasonic Corporation, Midea Group Corporation, Mitsubishi Electric Corporation, Fujitsu General Limited, Daikin Industries Ltd., Johnson Controls International PLC, Carrier Corporation, Trane Inc., Efficiency Maine Trust, Danfoss A/S, Ingersoll Rand Inc., Flamingo Heat Pumps, Viessmann Werke GmbH & Co. KG, Lennox International Inc., Vaillant Group, NIBE Industrier AB, Glen Dimplex Group, BDR Thermea Group S.p.A., Stiebel Eltron GmbH & Co. KG, Thermax Group, Wolf GmbH, Mayekawa Mfg. Co. Ltd., Enertech Global Corp., Bryant Heating & Cooling LLC, Airwell Group Limited, Emerson Climate Technologies Inc., Samsung Electronics Co. Ltd., Denso Corporation, Bosch Thermotechnology Corporation, Vicinity Energy Systems Inc., MAN Energy Solutions SE
The Asia-Pacific was the largest region in the heat pumps market in 2023. North America was the second largest region in the global heat pumps market share. The regions covered in the heat pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the heat pumps market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The heat pumps market consists of sales of closed loop, open loop and direct expansion ground-source heat pump. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Heat Pumps Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on heat pumps market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for heat pumps ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The heat pumps market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Product Type: Air Source; Air-to-Air; Air-to-Water; Water Source; Ground Source
- 2) By Rated Capacity: Up to 10 kW; 10-20 kW; 20-30 kW; Above 30 kW
- 3) By End User: Residential; Commercial; Industrial
- Companies Mentioned: Robert Bosch GmbH; Hitachi Ltd.; United Technologies Corporation; LG Electronics Inc.; Panasonic Corporation
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Table of Contents
1. Executive Summary
2. Heat Pumps Market Characteristics
3. Heat Pumps Market Trends And Strategies
4. Heat Pumps Market - Macro Economic Scenario
- 4.1. Impact Of High Inflation On The Market
- 4.2. Ukraine-Russia War Impact On The Market
- 4.3. COVID-19 Impact On The Market
5. Global Heat Pumps Market Size and Growth
- 5.1. Global Heat Pumps Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
- 5.2. Global Heat Pumps Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
- 5.3. Global Heat Pumps Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)
6. Heat Pumps Market Segmentation
- 6.1. Global Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Air Source
- Air-to-Air
- Air-to-Water
- Water Source
- Ground Source
- 6.2. Global Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Up to 10 kW
- 10-20 kW
- 20-30 kW
- Above 30 kW
- 6.3. Global Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Residential
- Commercial
- Industrial
7. Heat Pumps Market Regional And Country Analysis
- 7.1. Global Heat Pumps Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 7.2. Global Heat Pumps Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Heat Pumps Market
- 8.1. Asia-Pacific Heat Pumps Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 8.3. Asia-Pacific Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 8.4. Asia-Pacific Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Heat Pumps Market
- 9.1. China Heat Pumps Market Overview
- 9.2. China Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
- 9.3. China Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
- 9.4. China Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Heat Pumps Market
- 10.1. India Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 10.2. India Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 10.3. India Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Heat Pumps Market
- 11.1. Japan Heat Pumps Market Overview
- 11.2. Japan Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 11.3. Japan Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 11.4. Japan Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Heat Pumps Market
- 12.1. Australia Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 12.2. Australia Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 12.3. Australia Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Heat Pumps Market
- 13.1. Indonesia Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 13.2. Indonesia Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 13.3. Indonesia Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Heat Pumps Market
- 14.1. South Korea Heat Pumps Market Overview
- 14.2. South Korea Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 14.3. South Korea Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 14.4. South Korea Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Heat Pumps Market
- 15.1. Western Europe Heat Pumps Market Overview
- 15.2. Western Europe Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 15.3. Western Europe Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 15.4. Western Europe Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Heat Pumps Market
- 16.1. UK Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 16.2. UK Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 16.3. UK Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Heat Pumps Market
- 17.1. Germany Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 17.2. Germany Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 17.3. Germany Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Heat Pumps Market
- 18.1. France Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 18.2. France Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 18.3. France Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Heat Pumps Market
- 19.1. Italy Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 19.2. Italy Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 19.3. Italy Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Heat Pumps Market
- 20.1. Spain Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 20.2. Spain Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 20.3. Spain Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Heat Pumps Market
- 21.1. Eastern Europe Heat Pumps Market Overview
- 21.2. Eastern Europe Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 21.3. Eastern Europe Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 21.4. Eastern Europe Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Heat Pumps Market
- 22.1. Russia Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 22.2. Russia Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 22.3. Russia Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Heat Pumps Market
- 23.1. North America Heat Pumps Market Overview
- 23.2. North America Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 23.3. North America Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 23.4. North America Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Heat Pumps Market
- 24.1. USA Heat Pumps Market Overview
- 24.2. USA Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 24.3. USA Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 24.4. USA Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Heat Pumps Market
- 25.1. Canada Heat Pumps Market Overview
- 25.2. Canada Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 25.3. Canada Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 25.4. Canada Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Heat Pumps Market
- 26.1. South America Heat Pumps Market Overview
- 26.2. South America Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 26.3. South America Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 26.4. South America Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Heat Pumps Market
- 27.1. Brazil Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 27.2. Brazil Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 27.3. Brazil Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Heat Pumps Market
- 28.1. Middle East Heat Pumps Market Overview
- 28.2. Middle East Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 28.3. Middle East Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 28.4. Middle East Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Heat Pumps Market
- 29.1. Africa Heat Pumps Market Overview
- 29.2. Africa Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 29.3. Africa Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 29.4. Africa Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Heat Pumps Market Competitive Landscape And Company Profiles
- 30.1. Heat Pumps Market Competitive Landscape
- 30.2. Heat Pumps Market Company Profiles
- 30.2.1. Robert Bosch GmbH
- 30.2.1.1. Overview
- 30.2.1.2. Products and Services
- 30.2.1.3. Strategy
- 30.2.1.4. Financial Performance
- 30.2.2. Hitachi Ltd.
- 30.2.2.1. Overview
- 30.2.2.2. Products and Services
- 30.2.2.3. Strategy
- 30.2.2.4. Financial Performance
- 30.2.3. United Technologies Corporation
- 30.2.3.1. Overview
- 30.2.3.2. Products and Services
- 30.2.3.3. Strategy
- 30.2.3.4. Financial Performance
- 30.2.4. LG Electronics Inc.
- 30.2.4.1. Overview
- 30.2.4.2. Products and Services
- 30.2.4.3. Strategy
- 30.2.4.4. Financial Performance
- 30.2.5. Panasonic Corporation
- 30.2.5.1. Overview
- 30.2.5.2. Products and Services
- 30.2.5.3. Strategy
- 30.2.5.4. Financial Performance
31. Heat Pumps Market Other Major And Innovative Companies
- 31.1. Midea Group Corporation
- 31.2. Mitsubishi Electric Corporation
- 31.3. Fujitsu General Limited
- 31.4. Daikin Industries Ltd.
- 31.5. Johnson Controls International PLC
- 31.6. Carrier Corporation
- 31.7. Trane Inc.
- 31.8. Efficiency Maine Trust
- 31.9. Danfoss A/S
- 31.10. Ingersoll Rand Inc.
- 31.11. Flamingo Heat Pumps
- 31.12. Viessmann Werke GmbH & Co. KG
- 31.13. Lennox International Inc.
- 31.14. Vaillant Group
- 31.15. NIBE Industrier AB
32. Global Heat Pumps Market Competitive Benchmarking
33. Global Heat Pumps Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Heat Pumps Market
35. Heat Pumps Market Future Outlook and Potential Analysis
- 35.1 Heat Pumps Market In 2028 - Countries Offering Most New Opportunities
- 35.2 Heat Pumps Market In 2028 - Segments Offering Most New Opportunities
- 35.3 Heat Pumps Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies
36. Appendix
- 36.1. Abbreviations
- 36.2. Currencies
- 36.3. Historic And Forecast Inflation Rates
- 36.4. Research Inquiries
- 36.5. The Business Research Company
- 36.6. Copyright And Disclaimer