A Heat Pump is a device that provides heat energy from a source of heat to a destination called a "heat sink". Heat pumps are designed to move thermal energy opposite to the direction of spontaneous heat flow by absorbing heat from a cold space and releasing it to a warmer one. A heat pump uses some amount of external power to accomplish the work of transferring energy from the heat source to the heat sink.
This report contains market size and forecasts of Heat Pumps in global, including the following market information:
Global Heat Pumps Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Heat Pumps Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Heat Pumps companies in 2021 (%)
The global Heat Pumps market was valued at 8337.6 million in 2021 and is projected to reach US$ 11860 million by 2028, at a CAGR of 5.2% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Air to Water Monobloc Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Heat Pumps include Daikin, Mitsubishi, Atlantic, NIBE Industrier, Hitachi, Bosch, Panasonic, Aermec and STIEBEL ELTRON, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Heat Pumps manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Heat Pumps Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Heat Pumps Market Segment Percentages, by Type, 2021 (%)
Air to Water Monobloc
Air to Water Cylinder
Ground/Water to Water
Air to Water Split
Exhaust Air
Global Heat Pumps Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Heat Pumps Market Segment Percentages, by Application, 2021 (%)
Residential Heat Pumps
Industrial Heat Pumps
Commercial Heat Pumps
Global Heat Pumps Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Heat Pumps Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Heat Pumps revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Heat Pumps revenues share in global market, 2021 (%)
Key companies Heat Pumps sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Heat Pumps sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Daikin
Mitsubishi
Atlantic
NIBE Industrier
Hitachi
Bosch
Panasonic
Aermec
STIEBEL ELTRON
CIAT
Fujitsu
Vaillant
Danfoss Group
Carrier
Rheem
Johnson Controls
Calorex
Kensa
Maritime Geothermal
Thermia
ClimateMaster
Bryant
Midea
GREE Electric
Sirac
Anywhere
Fuerda
Tongyi Electrical
AMITIME
Zhengxu