Request for Covid-19 Impact Assessment of this Report

Take Action
Construction & Manufacturing

Global Heat Pumps Market Size study, by Type (Air Source, Water Source, Geothermal (Ground) Source), by End use industry (Industrial, Commercial, Institutional), and Regional Forecasts 2020-2027

  • BIZ4354154
  • 200 Pages
  • May 2021
  • Construction & Manufacturing
Download Sample    Get Discount   
 
Global Heat Pumps Market is valued at approximately USD 5.5 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 9.5% over the forecast period 2020-2027. The development of the building and housing sectors for single-unit and multi-unit dwellings is expected to fuel the demand for heat pumps. Rising customer buying patterns are projected to boost restaurant and other commercial establishment sales, driving demand for these pumps in the commercial sector much higher over the forecast period. In recent years, these pumps have become increasingly popular, and they now account for the majority of global building sales. According to the International Energy Agency (IEA), annual air-to-air heat pump shipments in the United States increased from 2.3 million in 2015 to 3.1 million in 2019. Furthermore, the government of the United Kingdom has created various government schemes, such as the Domestic RHI and the Non-Domestic RHI, to promote the implementation and use of green heating technology in existing households. Over the projected period, such policies are expected to accelerate market growth. Similarly, the US DOE estimates that the latest FER requirements for furnace fans would save about 3.99 quads of electricity, 34 million metric tons of carbon dioxide, and more than USD 9 billion in electric bills for American citizens by 2030. According to a recent state statute, the city of Maine is looking for installers to help achieve a five-year target of 100,000 heat pumps. In addition, the New Ambler heat pump project aims to significantly reduce fuel costs in the villages. However, high installation cost of heat pumps, may impede market growth over the forecast period of 2020-2027.

The regional analysis of the global Heat Pumps Market is considered for the key regions such as North America, Asia Pacific, Latin America, Europe, and Rest of the World. North America is the leading region across the world in terms of market share due to several reasons, such as climatic conditions, the convenience to extend the equipment, government tax credit benefits, and regulations. Whereas Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2020-2027. Favorable government initiatives are anticipated to provide necessary support for the growth of this market.

Major market player included in this report are:

Trane Inc. (Ingersoll Rand Inc.)

Midea Group

NIBE Group

Panasonic Corporation

Mitsubishi Electric Corporation

Daikin Industries, Ltd.

Stiebel Eltron Gmbh & Co. KG (DE)

Glen Dimplex Group

Viessmann Werke GmbH & Co KG

Flamingo Heat Pumps

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Air Source

Water Source

Geothermal (Ground) Source

By end use industry:

Industrial

Commercial

Institutional

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018

Base year – 2019

Forecast period – 2020 to 2027.

Target Audience of the Global Heat Pumps Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)

1.2.1. Heat Pumps Market, by Region, 2018-2027 (USD Billion)

1.2.2. Heat Pumps Market, by Type, 2018-2027 (USD Billion)

1.2.3. Heat Pumps Market, by End use industry, 2018-2027 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Heat Pumps Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Heat Pumps Market Dynamics

3.1. Heat Pumps Market Impact Analysis (2018-2027)

3.1.1. Market Drivers

3.1.1.1. Increasing demand for energy efficient solutions

3.1.1.2. Increasing government initiatives to curb carbon emission

3.1.2. Market Restraint

3.1.2.1. High installation cost of heat pumps

3.1.3. Market Opportunities

3.1.3.1. Increasing investments in commercial and residential sectors

Chapter 4. Global Heat Pumps Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Heat Pumps Market, by Type

5.1. Market Snapshot

5.2. Global Heat Pumps Market by Type, Performance - Potential Analysis

5.3. Global Heat Pumps Market Estimates & Forecasts by Type 2017-2027 (USD Billion)

5.4. Heat Pumps Market, Sub Segment Analysis

5.4.1. Air Source

5.4.2. Water Source

5.4.3. Geothermal (Ground) Source

Chapter 6. Global Heat Pumps Market, by End use Industry

6.1. Market Snapshot

6.2. Global Heat Pumps Market by end use industry, Performance - Potential Analysis

6.3. Global Heat Pumps Market Estimates & Forecasts by end use industry 2017-2027 (USD Billion)

6.4. Heat Pumps Market, Sub Segment Analysis

6.4.1. Industrial

6.4.2. Commercial

6.4.3. Institutional

Chapter 7. Global Heat Pumps Market, Regional Analysis

7.1. Heat Pumps Market, Regional Market Snapshot

7.2. North America Heat Pumps Market

7.2.1. U.S. Heat Pumps Market

7.2.1.1. Type breakdown estimates & forecasts, 2017-2027

7.2.1.2. End use industry breakdown estimates & forecasts, 2017-2027

7.2.2. Canada Heat Pumps Market

7.3. Europe Heat Pumps Market Snapshot

7.3.1. U.K. Heat Pumps Market

7.3.2. Germany Heat Pumps Market

7.3.3. France Heat Pumps Market

7.3.4. Spain Heat Pumps Market

7.3.5. Italy Heat Pumps Market

7.3.6. Rest of Europe Heat Pumps Market

7.4. Asia-Pacific Heat Pumps Market Snapshot

7.4.1. China Heat Pumps Market

7.4.2. India Heat Pumps Market

7.4.3. Japan Heat Pumps Market

7.4.4. Australia Heat Pumps Market

7.4.5. South Korea Heat Pumps Market

7.4.6. Rest of Asia Pacific Heat Pumps Market

7.5. Latin America Heat Pumps Market Snapshot

7.5.1. Brazil Heat Pumps Market

7.5.2. Mexico Heat Pumps Market

7.6. Rest of The World Heat Pumps Market

Chapter 8. Competitive Intelligence

8.1. Top Market Strategies

8.2. Company Profiles

8.2.1. Trane Inc. (Ingersoll Rand Inc.)

8.2.1.1. Key Information

8.2.1.2. Overview

8.2.1.3. Financial (Subject to Data Availability)

8.2.1.4. Product Summary

8.2.1.5. Recent Developments

8.2.2. Midea Group

8.2.3. NIBE Group

8.2.4. Panasonic Corporation

8.2.5. Mitsubishi Electric Corporation

8.2.6. Daikin Industries, Ltd.

8.2.7. Stiebel Eltron Gmbh & Co. KG (DE)

8.2.8. Glen Dimplex Group

8.2.9. Viessmann Werke GmbH & Co KG

8.2.10. Flamingo Heat Pumps

Chapter 9. Research Process

9.1. Research Process

9.1.1. Data Mining

9.1.2. Analysis

9.1.3. Market Estimation

9.1.4. Validation

9.1.5. Publishing

9.2. Research Attributes

9.3. Research Assumption

List of Tables

TABLE 1. Global Heat Pumps Market, report scope

TABLE 2. Global Heat Pumps Market estimates & forecasts by region 2017-2027 (USD Billion)

TABLE 3. Global Heat Pumps Market estimates & forecasts by Type 2017-2027 (USD Billion)

TABLE 4. Global Heat Pumps Market estimates & forecasts by end use industry 2017-2027 (USD Billion)

TABLE 5. Global Heat Pumps Market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 6. Global Heat Pumps Market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 7. Global Heat Pumps Market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 8. Global Heat Pumps Market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 9. Global Heat Pumps Market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 10. Global Heat Pumps Market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 11. Global Heat Pumps Market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 12. Global Heat Pumps Market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 13. Global Heat Pumps Market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 14. Global Heat Pumps Market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 15. Global Heat Pumps Market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 16. Global Heat Pumps Market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 17. Global Heat Pumps Market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 18. Global Heat Pumps Market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 19. Global Heat Pumps Market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 20. Global Heat Pumps Market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 21. U.S. Heat Pumps Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 22. U.S. Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 23. U.S. Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 24. Canada Heat Pumps Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 25. Canada Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 26. Canada Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 27. UK Heat Pumps Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 28. UK Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 29. UK Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 30. Germany Heat Pumps Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 31. Germany Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 32. Germany Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 33. France Heat Pumps Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 34. France Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 35. France Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 36. Spain Heat Pumps Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 37. Spain Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 38. Spain Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 39. Italy Heat Pumps Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 40. Italy Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 41. Italy Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 42. ROE Heat Pumps Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 43. ROE Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 44. ROE Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 45. China Heat Pumps Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 46. China Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 47. China Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 48. India Heat Pumps Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 49. India Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 50. India Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 51. Japan Heat Pumps Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 52. Japan Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 53. Japan Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 54. Australia Heat Pumps Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 55. Australia Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 56. Australia Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 57. South Korea Heat Pumps Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 58. South Korea Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 59. South Korea Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 60. ROPAC Heat Pumps Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 61. ROPAC Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 62. ROPAC Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 63. Brazil Heat Pumps Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 64. Brazil Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 65. Brazil Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 66. Mexico Heat Pumps Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 67. Mexico Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 68. Mexico Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 69. ROLA Heat Pumps Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 70. ROLA Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 71. ROLA Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 72. ROW Heat Pumps Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 73. ROW Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 74. ROW Heat Pumps Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 75. List of secondary sources used in the study of global Heat Pumps Market.

TABLE 76. List of primary sources used in the study of global Heat Pumps Market.

TABLE 77. Years considered for the study.

TABLE 78. Exchange rates considered.

 
Purchase Options

* Taxes/Fees, If applicable will be
added during checkout. All prices in USD.

Need More Information

Contact Us

+ 1-888-961-4454

Drop Us an email at

help@bigmarketresearch.com

Similar Reports

Industrial Robotics Market by Type (Articulated robots, Cylindrical robots, Selective Compliant Assembly Robot Arm (SCARA) robots, Cartesian robots, and other types), End user (automotive, electrical & electronics, chemical, rubber & plastics, machinery, metals, food & beverages; precision & optics, and others), Function(soldering & welding, materials handling, assembling & disassembling, painting & dispensing, milling, cutting & processing, and others) and Geography - Global Opportunity Analysis and Industry Forecast, 2017-2023

The global industrial production output has plummeted in the recent years. The industrial robots have witnessed sluggish demand in conventional industries such as automobiles and heavy engineering. However, increased need for automation in non-conventiona...

  • Publish Date: September 13, 2017
  • $5370
View Details
Micro Irrigation System Market by Types (Sprinkler Irrigation, Drip Irrigation, Field Crops, Plantation Crops, Orchard Crops, Forage & Turf Grasses), Application (Lateral Move, Central Pivot Irrigation) - Global Opportunity Analysis and Industry Forecast, 2014 - 2022

Micro irrigation systems are useful to supply water at frequent intervals above and below the soil’s surface. It is also known as low-volume irrigation and delivers water to the roots of the plants. Micro irrigati...

  • Publish Date: September 1, 2016
  • $5370
View Details
Waste Management Market by Waste Type (Municipal and Industrial) and Service (Collection and Disposal) - Global Opportunity Analysis and Industry Forecast, 2017-2023

The global waste management market was valued at $285.0 billion in 2016, and is expected to reach $435.0 billion by 2023, registering a CAGR of 6.2% from 2017 to 2023. Waste management is collection, transportation, and disposable of garbage, sewage, and ...

  • Publish Date: February 23, 2018
  • $5370
View Details
 
View More
 

Client Testimonials

2024 © Copyright Big Market Research