Toll Free: 1-888-928-9744
Published: Sep, 2019 | Pages:
160 | Publisher: Grand View Research
Industry: Construction | Report Format: Electronic (PDF)
The global heat pump market size is anticipated to reach USD 103.8 billion by 2025, accelerating at a CAGR of 8.5% over the forecast period, according to a new report published by Grand View Research, Inc. The demand for these pumps is anticipated to be driven by growing demand for energy-efficient heating solutions in residential and commercial sectors over the forecast period. Growing consumption of fossil fuels, such as coal, oil, and natural gas, to meet heating requirements has a harmful impact on the environment. Growing awareness regarding climate changes and greenhouse gas emissions is expected to boost the demand for energy-efficient products. This, in turn, is expected to boost the consumption of these pumps over the forecast period. This is among the prominent industries showcasing significant growth in terms of revenue. It is hugely influenced by government standards and high-quality demand. Favorable government policies for energy-efficient solutions and lowering carbon footprints are expected to boost the demand for heat pumps over the forecast period. Many governments are providing subsidies or incentives for the installation of heat pumps. In terms of revenue, Asia Pacific accounted for 41.2% of the overall share in 2018. The presence of local players in Asia Pacific poses a substantial threat to the large global companies in terms of product quality and price offered to the customers owing to the availability of highly skilled workforce at low cost and low raw material cost. Mature markets including North America and Europe are anticipated to register moderate growth as the regions are in a race to innovate products and processes through technological support. In addition, high demand for certified energy-efficient products is expected to favor the industry growth over the forecast period. The global heat pump market is extremely competitive in nature and relies on technological developments and product improvements. The end-use segments for heat pump include residential, commercial, and industrial. Residential sector utilizes heating systems for space heating, water heating, and other utility purposes. Industrial and commercial buyers focus on factors including operational and energy cost savings, maintenance cost, and the lifespan of these pumps. Further key findings from the report suggest: • Air source is expected to be the largest and fastest growing technology segment over the forecast period. The segment is expected to advance at a CAGR of 8.6% from 2019 to 2025 • Residential application segment is expected to hold a majority of the market share. The segment is expected to reach USD 85.6 billion by 2025 • Asia Pacific was the largest market in 2018 and is expected to grow at the fastest CAGR of 9.4% over the forecast period. The growing demand for these pumps in emerging economies, such as India, Japan, and China, is driving the industry growth in Asia Pacific • CSA and MEA are expected to exhibit a growth rate of 8.1% and 9.0% respectively. The regions are likely to present significant opportunities for the industry growth over the forecast period.
Table of Contents Chapter 1 Methodology and Scope 1.1 Market Segmentation & Scope 1.2 Market Definition 1.3 Information Procurement 1.3.1 Purchased Database 1.3.2 Gvr's Internal Database 1.3.3 Secondary Sources 1.3.4 Third Party Perspective 1.3.5 Primary Sources 1.4 Information Analysis 1.4.1 Data Analysis Model 1.4.2 Market Formulation & Data Visualization 1.5 List to Data Sources 1.6 List of Abbreviations Chapter 2 Executive Summary 2.1 Market Outlook 2.2 Segmental Outlook 2.3 Competitive Insights Chapter 3 Heat Pump Market Variables, Trends & Scope 3.1 Market Linkage Outlook 3.1.1 Global Heat Pump Market Outlook 3.2 Penetration and growth prospect mapping 3.3 Industry Value Chain Analysis 3.3.1 Manufacturing Trends 3.3.2 Sales Channel Analysis 3.3.3 Raw Material Trends 3.4 Technology Overview 3.5 Regulatory Framework 3.5.1 Product Classification Codes 3.5.2 Standard & Compliances 3.6 Market Dynamics 3.6.1 Market Driver Analysis 3.6.1.1 Increasing demand for energy efficient solutions 3.6.1.2 Favorable government policies 3.6.2 Market Restraints Analysis 3.6.2.1 High Installation Cost 3.6.3 Industry Challenges 3.7 Trade Analysis 3.7.1 Net Importers, Key Country Analysis (USD Million) 3.7.2 Net Exporters, Key Country Analysis (USD Million) 3.8 Business Environment Analysis: Heat Pump Market 3.8.1 Industry Analysis - Porter's 3.8.1.1 Supplier Power 3.8.1.2 Buyer Power 3.8.1.3 Substitution Threat 3.8.1.4 Threat from New Entrant 3.8.1.5 Competitive Rivalry 3.8.2 Pestel Analysis 3.8.2.1 Political: 3.8.2.2 Economical 3.8.2.3 Social 3.8.2.4 Technological 3.8.2.5 Environmental 3.8.2.6 Legal Chapter 4 Heat Pump Market: Technology Estimates & Trend Analysis 4.1 Definition & Scope 4.2 Market size & forecasts and trend analysis, 2014 to 2025 4.2.1 Air Source 4.2.2 Global Heat Pump Market Estimates And Forecasts, By Air Source, 2014 - 2025 (USD Billion) 4.2.3 Global Heat Pump Market Estimates & Forecast, In Air Source, By Region 2014 - 2025 4.2.4 Water Source 4.2.5 Global Heat Pump Market Estimates And Forecasts, By Water Source, 2014 - 2025 (USD Billion) 4.2.6 Global Heat Pump Market Estimates & Forecast, In Water Source, By Region 2014 - 2025 4.2.7 Ground Source 4.2.8 Global Heat Pump Market Estimates And Forecasts, By Ground Source, 2014 - 2025 (USD Billion) 4.2.9 Global Heat Pump Market Estimates & Forecast, In Ground Source, By Region 2014 - 2025 Chapter 5 Heat Pump Market: Application Estimates & Trend Analysis 5.1 Definition & Scope 5.2 Market Size & Forecasts And Trend Analysis, 2014 To 2025 5.2.1 Global Heat Pump Market Estimates And Forecasts, By Application, 2014 - 2025 (USD Billion) 5.2.2 Residential 5.2.3 Global Heat Pump Market Estimates And Forecasts, By Residential, 2014 - 2025 (USD Billion) 5.2.4 Global Heat Pump Market Estimates & Forecast, In Residential, By Region 2014 - 2025 5.2.5 Industrial 5.2.6 Global Heat Pump Market Estimates And Forecasts, By Industrial, 2014 - 2025 (USD Billion) 5.2.7 Global Heat Pump Market Estimates & Forecast, In Industrial, By Region 2014 - 2025 5.2.8 Commercial 5.2.9 Global Heat Pump Market Estimates And Forecasts, By Commercial, 2014 - 2025 (USD Billion) 5.2.10 Global Heat Pump Market Estimates & Forecast, In Commercial, By Region 2014 - 2025 Chapter 6 Heat Pump Market: Regional Estimates & Trend Analysis 6.1 Definition & Scope 6.2 Region Movement Analysis & Market Share 2018 & 2025 6.3 Regional Market Snapshot 6.4 Market Share Analysis by Regions and Countries, 2018 6.4.1 North America 6.4.1.1 Market estimates and forecasts, 2014 - 2025 (USD Billion) 6.4.1.2 Market estimates and forecasts, by Technology, 2014 - 2025 (USD Billion) 6.4.1.3 Market estimates and forecasts, by Application, 2014 - 2025 (USD Billion) 6.4.1.4 U.S. 6.4.1.4.1 Market estimates and forecasts, 2014 - 2025 (USD Billion) 6.4.1.4.2 Market estimates and forecasts, by Technology, 2014 - 2025 (USD Billion) 6.4.1.4.3 Market estimates and forecasts, by Application, 2014 - 2025 (USD Billion) 6.4.1.5 Canada 6.4.1.5.1 Market estimates and forecasts, 2014 - 2025 (USD Billion) 6.4.1.5.2 Market estimates and forecasts, by Technology, 2014 - 2025 (USD Billion) 6.4.1.5.3 Market estimates and forecasts, by Application, 2014 - 2025 (USD Billion) 6.4.2 EUROPE 6.4.2.1 Market estimates and forecasts, 2014 - 2025 (USD Billion) 6.4.2.2 Market estimates and forecasts, by Technology, 2014 - 2025 (USD Billion) 6.4.2.3 Market estimates and forecasts, by Application, 2014 - 2025 (USD Billion) 6.4.2.4 Germany 6.4.2.4.1 Market estimates and forecasts, 2014 - 2025 (USD Billion) 6.4.2.4.2 Market estimates and forecasts, by Technology, 2014 - 2025 (USD Billion) 6.4.2.4.3 Market estimates and forecasts, by Application, 2014 - 2025 (USD Billion) 6.4.2.5 France 6.4.2.5.1 Market estimates and forecasts, 2014 - 2025 (USD Billion) 6.4.2.5.2 Market estimates and forecasts, by Technology, 2014 - 2025 (USD Billion) 6.4.2.5.3 Market estimates and forecasts, by Application, 2014 - 2025 (USD Billion) 6.4.2.6 Italy 6.4.2.6.1 Market estimates and forecasts, 2014 - 2025 (USD Billion) 6.4.2.6.2 Market estimates and forecasts, by Technology, 2014 - 2025 (USD Billion) 6.4.2.6.3 Market estimates and forecasts, by Application, 2014 - 2025 (USD Billion) 6.4.2.7 Sweden 6.4.2.7.1 Market estimates and forecasts, 2014 - 2025 (USD Billion) 6.4.2.7.2 Market estimates and forecasts, by Technology, 2014 - 2025 (USD Billion) 6.4.2.7.3 Market estimates and forecasts, by Application, 2014 - 2025 (USD Billion) 6.4.2.8 Norway 6.4.2.8.1 Market estimates and forecasts, 2014 - 2025 (USD Billion) 6.4.2.8.2 Market estimates and forecasts, by Technology, 2014 - 2025 (USD Billion) 6.4.2.8.3 Market estimates and forecasts, by Application, 2014 - 2025 (USD Billion) 6.4.3 ASIA PACIFIC 6.4.3.1 Market estimates and forecasts, 2014 - 2025 (USD Billion) 6.4.3.2 Market estimates and forecasts, by Technology, 2014 - 2025 (USD Billion) 6.4.3.3 Market estimates and forecasts, by Application, 2014 - 2025 (USD Billion) 6.4.3.4 China 6.4.3.4.1 Market estimates and forecasts, 2014 - 2025 (USD Billion) 6.4.3.4.2 Market estimates and forecasts, by Technology, 2014 - 2025 (USD Billion) 6.4.3.4.3 Market estimates and forecasts, by Application, 2014 - 2025 (USD Billion) 6.4.3.5 Japan 6.4.3.5.1 Market estimates and forecasts, 2014 - 2025 (USD Billion) 6.4.3.5.2 Market estimates and forecasts, by Technology, 2014 - 2025 (USD Billion) 6.4.3.5.3 Market estimates and forecasts, by Application, 2014 - 2025 (USD Billion) 6.4.3.6 Australia 6.4.3.6.1 Market estimates and forecasts, 2014 - 2025 (USD Billion) 6.4.3.6.2 Market estimates and forecasts, by Technology, 2014 - 2025 (USD Billion) 6.4.3.6.3 Market estimates and forecasts, by Application, 2014 - 2025 (USD Billion) 6.4.4 Central & South America 6.4.4.1 Market estimates and forecasts, 2014 - 2025 (USD Billion) 6.4.4.2 Market estimates and forecasts, by Technology, 2014 - 2025 (USD Billion) 6.4.4.3 Market estimates and forecasts, by Application, 2014 - 2025 (USD Billion) 6.4.4.4 Brazil 6.4.4.4.1 Market estimates and forecasts, 2014 - 2025 (USD Billion) 6.4.4.4.2 Market estimates and forecasts, by Technology, 2014 - 2025 (USD Billion) 6.4.4.4.3 Market estimates and forecasts, by Application, 2014 - 2025 (USD Billion) 6.4.4.5 Argentina 6.4.4.5.1 Market estimates and forecasts, 2014 - 2025 (USD Billion) 6.4.4.5.2 Market estimates and forecasts, by Technology, 2014 - 2025 (USD Billion) 6.4.4.5.3 Market estimates and forecasts, by Application, 2014 - 2025 (USD Billion) 6.4.5 Middle East & Africa 6.4.5.1 Market estimates and forecasts, 2014 - 2025 (USD Billion) 6.4.5.2 Market estimates and forecasts, by Technology, 2014 - 2025 (USD Billion) 6.4.5.3 Market estimates and forecasts, by Application, 2014 - 2025 (USD Billion) 6.4.5.4 Saudi Arabia 6.4.5.4.1 Market estimates and forecasts, 2014 - 2025 (USD Billion) 6.4.5.4.2 Market estimates and forecasts, by Technology, 2014 - 2025 (USD Billion) 6.4.5.4.3 Market estimates and forecasts, by Application, 2014 - 2025 (USD Billion) 6.4.5.5 UAE 6.4.5.5.1 Market estimates and forecasts, 2014 - 2025 (USD Billion) 6.4.5.5.2 Market estimates and forecasts, by Technology, 2014 - 2025 (USD Billion) 6.4.5.5.3 Market estimates and forecasts, by Application, 2014 - 2025 (USD Billion) Chapter 7 Competitive Analysis 7.1 Key global players & recent developments & their impact on the industry 7.2 Key Company/Competition Categorization 7.3 List of Market Players 7.4 Vendor Landscape 7.4.1 List Of Distributors 7.5 Public Companies 7.5.1 Key Company Heat Map Analysis 7.5.2 Market Share Analysis Of Key Companies 7.6 Private Companies Chapter 8 Company Profiles 8.1 United Technologies Corporation 8.1.1 Company Overview 8.1.2 Financial Performance 8.1.3 Product Benchmarking 8.1.4 Recent Developments 8.2 Daikin Industries, Ltd. 8.2.1 Company Overview 8.2.2 Financial Performance 8.2.3 Product Benchmarking 8.2.4 Recent Developments 8.3 NIBE Group 8.3.1 Company Overview 8.3.2 Financial Performance 8.3.3 Product Benchmarking 8.3.4 Recent Developments 8.4 Viessmann Group 8.4.1 Company Overview 8.4.2 Financial Performance 8.4.3 Product Benchmarking 8.4.4 Recent Developments 8.5 Ingersoll Rand Plc. 8.5.1 Company Overview 8.5.2 Financial Performance 8.5.3 Product Benchmarking 8.5.4 Recent Developments 8.6 Stiebel Eltron 8.6.1 Company Overview 8.6.2 Financial Performance 8.6.3 Product Benchmarking 8.6.4 Recent Developments 8.7 Vaillant Group 8.7.1 Company Overview 8.7.2 Financial Performance 8.7.3 Product Benchmarking 8.8 Robert Bosch GmbH 8.8.1 Company Overview 8.8.2 Financial Performance 8.8.3 Product Benchmarking 8.8.4 Recent Developments 8.9 The Danfoss Group 8.9.1 Company Overview 8.9.2 Financial Performance 8.9.3 Product Benchmarking 8.9.4 Recent Developments 8.10 Panasonic Corporation 8.10.1 Company Overview 8.10.2 Financial Performance 8.10.3 Product Benchmarking 8.10.4 Recent Developments 8.11 Mitsubishi Electric Corporation 8.11.1 Company Overview 8.11.2 Financial Performance 8.11.3 Product Benchmarking 8.11.4 Recent Developments 8.12 BDR Thermea Group 8.12.1 Company Overview 8.12.2 Financial Performance 8.12.3 Product Benchmarking 8.12.4 Recent Developments 8.13 Glen Dimplex 8.13.1 Company Overview 8.13.2 Financial Performance 8.13.3 Product Benchmarking
List of Tables Table 1 List of Abbreviation Table 3 Global heat pump market estimates and forecasts, 2014 - 2025 (USD Billion) Table 4 Key international regulations Table 5 Product Classification Codes Table 6 Global heat pump market estimates and forecasts, by air source, 2014 - 2025 (USD Billion) Table 7 Global heat pump market estimates & forecast, in air source, by region 2014-2025 (USD Billion) Table 8 Global heat pump market estimates and forecasts, by water source, 2014 - 2025 (USD Billion) Table 9 Global heat pump market estimates & forecast, in water source, by region 2014-2025 (USD Billion) Table 10 Global heat pump market estimates and forecasts, by ground source, 2014 - 2025 (USD Billion) Table 11 Global heat pump market estimates & forecast, in ground source, by region 2014-2025 (USD Billion) Table 12 Global heat pump market estimates and forecasts, by application, 2014 - 2025 (USD Billion) Table 13 Global heat pump market estimates and forecasts, by Residential, 2014 - 2025 (USD Billion) Table 14 Global heat pump market estimates & forecast, in Residential, by region 2014-2025 (USD Billion) Table 15 Global heat pump market estimates and forecasts, by Industrial, 2014 - 2025 (USD Billion) Table 16 Global heat pump market estimates & forecast, in Industrial, by region 2014-2025 (USD Billion) Table 17 Global Heat Pump Market estimates and forecasts, by Commercial, 2014 - 2025 (USD Billion) Table 18 Global Heat Pump Market estimates & forecast, in Commercial, by region 2014-2025 (USD Billion) Table 19 North America heat pump market estimates and forecasts, 2014 - 2025 (USD Billion) Table 20 North America heat pump market estimates and forecasts, by Technology, 2014 - 2025 (USD Billion) Table 21 North America heat pump market estimates and forecasts, by application, 2014 - 2025 (USD Billion) Table 22 U.S. heat pump market estimates and forecasts, 2014 - 2025 (USD Billion) Table 23 U.S. heat pump market estimates and forecasts, by Technology, 2014 - 2025 (USD Billion) Table 24 U.S. heat pump market estimates and forecasts, by application, 2014 - 2025 (USD Billion) Table 25 Canada heat pump market estimates and forecasts, 2014 - 2025 (USD Billion) Table 26 Canada heat pump market estimates and forecasts, by technology, 2014 - 2025 (USD Billion) Table 27 Canada heat pump market estimates and forecasts, by application, 2014 - 2025 (USD Billion) Table 28 Europe heat pump market estimates and forecasts, 2014 - 2025 (USD Billion) Table 29 Europe heat pump market estimates and forecasts, by technology, 2014 - 2025 (USD Billion) Table 30 Europe heat pump market estimates and forecasts, by application, 2014 - 2025 (USD Billion) Table 31 Germany heat pump market estimates and forecasts, 2014 - 2025 (USD Billion) Table 32 Germany heat pump market estimates and forecasts, by technology, 2014 - 2025 (USD Billion) Table 33 Germany heat pump market estimates and forecasts, by application, 2014 - 2025 (USD Billion) Table 34 France heat pump market estimates and forecasts, 2014 - 2025 (USD Billion) Table 35 France heat pump market estimates and forecasts, by technology, 2014 - 2025 (USD Billion) Table 36 France heat pump market estimates and forecasts, by application, 2014 - 2025 (USD Billion) Table 37 Italy heat pump market estimates and forecasts, 2014 - 2025 (USD Billion) Table 38 Italy heat pump market estimates and forecasts, by technology, 2014 - 2025 (USD Billion) Table 39 Italy heat pump market estimates and forecasts, by application, 2014 - 2025 (USD Billion) Table 40 Sweden heat pump market estimates and forecasts, 2014 - 2025 (USD Billion) Table 41 Sweden heat pump market estimates and forecasts, by technology, 2014 - 2025 (USD Billion) Table 42 Sweden heat pump market estimates and forecasts, by application, 2014 - 2025 (USD Billion) Table 43 Norway heat pump market estimates and forecasts, 2014 - 2025 (USD Billion) Table 44 Norway heat pump market estimates and forecasts, by technology, 2014 - 2025 (USD Billion) Table 45 Norway heat pump market estimates and forecasts, by application, 2014 - 2025 (USD Billion) Table 46 Asia Pacific heat pump market estimates and forecasts, 2014 - 2025 (USD Billion) Table 47 Asia Pacific heat pump market estimates and forecasts, by technology, 2014 - 2025 (USD Billion) Table 48 Asia Pacific heat pump market estimates and forecasts, by application, 2014 - 2025 (USD Billion) Table 49 China heat pump market estimates and forecasts, 2014 - 2025 (USD Billion) Table 50 China heat pump market estimates and forecasts, by technology, 2014 - 2025 (USD Billion) Table 51 China heat pump market estimates and forecasts, by application, 2014 - 2025 (USD Billion) Table 52 Japan heat pump market estimates and forecasts, 2014 - 2025 (USD Billion) Table 53 Japan heat pump market estimates and forecasts, by technology, 2014 - 2025 (USD Billion) Table 54 Japan heat pump market estimates and forecasts, by application, 2014 - 2025 (USD Billion) Table 55 Australia heat pump market estimates and forecasts, 2014 - 2025 (USD Billion) Table 56 Australia heat pump market estimates and forecasts, by technology, 2014 - 2025 (USD Billion) Table 57 Australia heat pump market estimates and forecasts, by application, 2014 - 2025 (USD Billion) Table 58 Central & South America heat pump market estimates and forecasts, 2014 - 2025 (USD Billion) Table 59 Central & South America heat pump market estimates and forecasts, by technology, 2014 - 2025 (USD Billion) Table 60 Central & South America heat pump market estimates and forecasts, by application, 2014 - 2025 (USD Billion) Table 61 Brazil heat pump market estimates and forecasts, 2014 - 2025 (USD Billion) Table 62 Brazil heat pump market estimates and forecasts, by technology, 2014 - 2025 (USD Billion) Table 63 Brazil heat pump market estimates and forecasts, by application, 2014 - 2025 (USD Billion) Table 64 Argentina heat pump market estimates and forecasts, 2014 - 2025 (USD Billion) Table 65 Argentina heat pump market estimates and forecasts, by technology, 2014 - 2025 (USD Billion) Table 66 Argentina heat pump market estimates and forecasts, by application, 2014 - 2025 (USD Billion) Table 67 Middle East & Africa heat pump market estimates and forecasts, 2014 - 2025 (USD Billion) Table 68 Middle East & Africa heat pump market estimates and forecasts, by technology, 2014 - 2025 (USD Billion) Table 69 Middle East & Africa heat pump market estimates and forecasts, by application, 2014 - 2025 (USD Billion) Table 70 Saudi Arabia heat pump market estimates and forecasts, 2014 - 2025 (USD Billion) Table 71 Saudi Arabia heat pump market estimates and forecasts, by technology, 2014 - 2025 (USD Billion) Table 72 Saudi Arabia heat pump market estimates and forecasts, by application, 2014 - 2025 (USD Billion) Table 73 UAE heat pump market estimates and forecasts, 2014 - 2025 (USD Billion) Table 74 UAE heat pump market estimates and forecasts, by technology, 2014 - 2025 (USD Billion) Table 75 UAE heat pump market estimates and forecasts, by application, 2014 - 2025 (USD Billion) Table 76 List of Key Company/Competition Categorization Table 77 List of Market Players Table 78 Vendor Landscape Table 79 List of distributors Table 80 List of Public Companies Table 81 Comparative analysis of key heat pump manufacturers Table 82 List of Private Companies
List of Figures Fig. 1 Heat pump market segmentation Fig. 2 Heat Pump market - Information Procurement Fig. 3 Primary research pattern Fig. 4 Primary research process Fig. 5 Primary research approaches Fig. 6 Market Outlook Fig. 7 Segmental Outlook Fig. 8 Competitive Insights Fig. 9 Key market opportunity penetration & growth prospect mapping Fig. 10 Heat Pump Market: Value Chain Analysis Fig. 11 Steel price forecast to 2022 (USD/Ton) Fig. 12 Aluminum price forecast to 2022 (USD/Ton) Fig. 13 Market Dynamics Fig. 14 Market Drivers Fig. 15 Residential Energy Consumption By End Use, 2015 Fig. 16 Market Restraints Fig. 17 Net Importers, Key Country Analysis, (USD Million) Fig. 18 Net Exporter, Key Country Analysis, (USD Million) Fig. 19 Porter's Five Forces Model- Heat Pump Market Fig. 20 PESTEL Analysis- Heat Pump Market Fig. 21 Heat Pump market: Technology Market Share, 2018 & 2025 Fig. 22 Heat Pump market: Application Market Share, 2018 & 2025 Fig. 23 Heat Pumps market: Regional Market (% Share), 2018 & 2025 Fig. 24 Competitive environment Fig. 25 Strategy Framework
Speak to the report author to design an exclusive study to serve your research needs.
Your personal and confidential information is safe and secure.