Heat Pump Market Size & Share, by Application (Industrial, Commercial, Residential); Technology (Water Source, Air Source, Ground Source); Operation (Heating Only, Heating & Cooling, Integrated System, Water Heater) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4834
  • Published Date: Apr 17, 2023
  • Report Format: PDF, PPT

Companies Dominating the Heat Pump Landscape

    • Viessmann Climate Solutions SE
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Carrier Global Corporation
    • Daikin Industries, Ltd.
    • Johnson Controls
    • NIBE Group
    • Midea Group
    • Ingersoll Rand Plc.
    • Vaillant Group
    • Robert Bosch GmbH
    • The Danfoss Group

Browse Key Market Insights with Data Illustration:


In The News

  • Daikin Industries, Ltd. decided to invest USD 320 million to establish a new factory for heat pump units at the Ksawerów Industrial Park in Lodz Province, Poland. The operations of this new production base will start in July 2024 and will meet the rapidly increasing demand for heat pumps in Europe.

  • Viessmann Climate Solutions SE unveils next-generation heat pumps and invisible heating systems at the world’s leading trade fair ISH in Frankfurt. Viessmann invisible is set to revolutionize heating technology in new builds and its new heat pump generation with natural refrigerant is one of the recent highlights.

Author Credits:  Rushikesh, Richa Gupta

  • Report ID: 4834
  • Published Date: Apr 17, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing installation of heat pumps in residential as well as industrial spaces as well as rising adoption of clean energy to reduce CO2 emissions are the major factors driving the market growth.

The market size of the heat pump is anticipated to attain a CAGR of 9% over the forecast period, i.e., 2023-2035.

Ban on F-gas as well as reluctance in adoption are estimated to be the growth hindering factors for the market expansion.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future

The major players in the market are Viessmann Climate Solutions SE, Daikin Industries, Ltd., Johnson Controls, NIBE Group, and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by application, technology, operations, and by region.

The industrial segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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