Report Highlights
The global market for heat pumps should grow from $60.4 billion in 2021 to $96.7 billion by 2026, at compound annual growth rate (CAGR) of 9.9% for the period of 2021-2026.
Report Includes
- 91 data tables and 58 additional tables
- An up-to-date analysis of current and future global markets for heat pump within the industry
- Analyses of the global market trends, with data from 2020, estimates for 2021, and projections of compound annual growth rates (CAGRs) through 2026
- Estimation of the market size (in value and volumetric terms) and revenue forecast (in USD) for global heat pump markets, and their corresponding market share analysis by type, rated capacity, end user industry and geography
- In-depth information (facts and figures) concerning the major factors influencing the progress of the market (drivers, restraints, opportunities, and industry-specific challenges) with respect to specific growth trends, upcoming prospects and contributions to the overall market
- Country specific data and analysis for the heat pump market featuring China, Japan, India, South Korea, the U.S., Canada, Mexico, France, Germany, Italy, Spain, Brazil, Chile, Argentina, the UAE, Saudi Arabia and South Africa
- Impact of COVID-19 on the progress of global heat pump market, and pandemic implications on heat pump manufacturing and supply chains industry
- Insight into the list of global market players operating; their key competitive landscape and company share analysis
- Assessment of the competitive developments such as joint ventures, mergers and acquisitions, new product development, expansions, impact of government regulations and R&D activities in the global heat pump market
- Company profiles descriptions of the leading market participants, including AAON Inc., Daikin Industries Ltd., Hitachi Ltd., Mitsubishi Electric Corp., and Panasonic Corp.
Report Scope
The report includes details about different types of heat pumps such as air source, water source and geothermal/ground source heat pumps. It has a detailed analysis that covers the manufacturers of heat pumps as well as the trends and opportunities that are prevailing in the market and can result in the future growth of the market. The market values are estimated based on multiple factors and analysis of manufacturers’ revenue. Market dynamics within each industry are identified. Technological advancements and trends are reviewed, and other influential factors such as economic conditions and standards are discussed. Because this is a global study, BCC Research analyzes domestic and international technological issues and economic considerations.
The market segments of the report are focused on the technical and commercial aspects of heat pump installations in different end-user segments in the residential, commercial and industrial sectors. The report also provides the policy and regulatory frameworks for the installation of heat pumps by different processing industries. Installations must operate within these frameworks in order to maintain environmental sustainability and to comply with government regulations.
The global heat pump market is also analyzed by global, regional as well as the country-wise segments. The geographical segments are forecast for the period 2021 to 2026. Furthermore, the report features a comprehensive overview of the competitive landscape of the market, including a detailed analysis of key market players and a list of small and regional market players.
The currency used in this report is U.S. dollars, with market size is indicated in U.S. billions of dollars and U.S. millions of dollars. For companies reporting their revenues in U.S. dollars, the values were simply drawn directly from company annual reports; and for companies that reported their revenues in other currencies (Euros and Pounds), the average annual currency conversion rate was used for the particular year to convert annual report values into U.S. dollars. The conversion rate for each currency conversion is provided in the report.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
- Medical Robotics and Computer-assisted Surgery: The Global Market (HLC036J)
- PEGylated Proteins Market (BIO253A)
- Global Virtual Power Plant Market (EGY197A)
- Global Prenatal Testing Market (MDS103A)
- Companion Diagnostics: Technologies and Markets (BIO077F)
Related Reports
Heating, Ventilation and Air Conditioning: Global Markets
BCC Research estimates the total global market for commercial and residential HVAC (heating, ventilation, and air conditioning) systems at $69.8 billion in 2013 and $75.4 billion in 2014. This market is expected to reach $116.6 billion by 2019, registering a compound annual growth rate (CAGR) of 9.1% over the next five years.
Recent Reports
Nondestructive Testing Equipment and Services: Ultrasonic, Radiographic, Eddy Current and Others
The global market for NDT equipment and services is estimated to increase from $31.3 billion in 2023 to reach $50.7 billion by 2028, at a compound annual growth rate (CAGR) of 10.1% from 2023 through 2028.
Electronics Contract Manufacturing and Design Services: The Global Market
The global market for electronics contract manufacturing and design services is estimated to increase from $546.4 billion in 2023 to reach $847.2 billion by 2028, at a compound annual growth rate (CAGR) of 9.2% from 2023 through 2028.
Hydraulic Pumps and Motors: Global Markets
The global market for hydraulic pumps and motors was valued at $18.0 billion in 2022. The market is estimated to grow from $18.8 billion in 2023 to reach $22.9 billion by 2028, at a compound annual growth rate (CAGR) of 4.0% from 2023 to 2028.
Industrial Boilers: Technologies and Developing Markets
The global industrial boilers market should reach $14.6 billion by 2028 from $11.5 billion in 2023 at a compound annual growth rate (CAGR) of 4.8% for the forecast period of 2023 to 2028.
Global Markets and Technologies for Inorganic Metal Finishing Processes
The global market for inorganic metal finishing technologies is estimated to increase from $93.3 billion in 2022 to reach $119.9 billion by 2027, at a compound annual growth rate (CAGR) of 5.1% from 2022 through 2027.
Top Trending Reports
ESG Trends in Chemical Industry
This report focuses on the ESG trends in the chemical industry and evaluates the ESG implementation including current and future potential. The report utilizes various databases, including sustainability reports, annual reports, and other indicators used to develop the current market. The study provides detailed information on the main factors influencing ESG growth in the chemical industry. It enables the reader to understand the industry in general while also providing insight into the inter-relationship between ESG and the sustainable chemical industry. The report describes market growth, developing trends, industry leaders, and applications of ESG implementation in the chemical industry.
Digital Pathology: Technologies and Global Markets
The global digital pathology market is estimated to increase from $5.9 billion in 2022 to reach $10.7 billion by 2027, at a compound annual growth rate (CAGR) of 12.5% from 2022 through 2027.
Digital Therapeutics: A New Age Medicine
The goal of this report is to understand the current digital therapeutics scenario and to assess the market’s growth potential. This study explores market dynamics that impact the growth of the market. The main objective of the study is to present a comprehensive analysis of the current market and the future direction of the market.
AI in Mental Health: Global Market Outlook
The report provides an overview of the global AI in mental health market and analyzes market trends. Using 2021 as the base year, the report provides estimated market data for the forecast period, 2022-2027. Revenue forecasts for this period are segmented based on organization size, component, provider, type, industry, and geography. It also highlights major trends and challenges that affect the market and the vendor landscape.
Smart Waste Management Systems: Global Markets
The global smart waste management systems market should reach $451.5 billion by 2022 and $675.3 billion by 2027, with a compound annual growth rate (CAGR) of 8.4% during the forecast period of 2022-2027.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More