Title: Heat Pumps Market Size, Share, Demand, Report, Forecast 2024-2032
1Global Heat Pumps Market Research and Forecast
Report 2024-2032
2023 IMARC All Rights Reserved
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3Report Highlight and Description
- According to the latest report by IMARC Group,
titled "Heat Pumps Market Industry Trends,
Share, Size, Growth, Opportunity and Forecast
2024-2032, The global heat pumps market size
reached US 59.2 Billion in 2023. - Heat pumps refer to devices that transfer heat
from one place to another by circulating
refrigerant through a cycle of condensation and
evaporation. These pumps comprise numerous
components, including condensers, compressors,
evaporators and expansion valves, for their
efficient functioning. The compressor is utilized
to pump the refrigerant between two heat
exchanger coils, wherein the refrigerant is
evaporated at low pressure in one coil and is
further condensed at high pressure in the other
coil. These pumps are used to warm homes during
winters and make the spaces cooler during warm
and hot conditions. Since these systems are
extremely energy efficient in nature, require
lesser maintenance and are much safer to use as
compared to combustion-based heating systems,
they are gaining widespread preference on the
global level. - Looking forward, IMARC Group expects the market
to reach US 125.0 Billion by 2032, exhibiting a
growth rate (CAGR) of 8.4 during 2024-2032. - Request for a PDF sample of this report
- https//www.imarcgroup.com/heat-pumps-market/reque
stsample
4Report Description
- Global Heat Pumps Market Trends
- The global market is primarily driven by the
increasing sales of heating, ventilation, and air
conditioning (HVAC) systems. Altering global
climatic conditions and improving standards of
living have increased the uptake of these
systems, thereby impelling the demand for heat
pumps. Apart from this, steadily increasing
population, rapid urbanization and inflating per
capita income levels have created the need for
the expansion of residential spaces. This trend,
coupled with the rising trend of renovation and
modernization across the residential and
commercial sectors, is boosting the sales of
these pumps on a global level. Moreover, the
widespread adoption of green buildings, owing to
an enhanced preference for sustainable
development among the masses, is expected to
create a positive outlook for the market growth. - Furthermore, since these pumps have an efficient
conversion rate of energy to heat, and their
utilization reduces carbon emissions, governments
of various countries, such as the United States,
are undertaking initiatives to promote their
usage and offering numerous benefits on their
installation. In confluence with this, the
growing popularity of dual source heat pumps
(DSHP) among users, owing to their improved
efficiency and performance, is further
facilitating the market growth. - View Report, TOC, Figures and Tables
https//www.imarcgroup.com/heat-pumps-market
5Report Segmentation
- Breakup by Rated Capacity
- Up to 10 kW
- 1020 kW
- 2030 kW
- Above 30 kW
- Breakup by Product Type
- Air Source Heat Pump
- Ground Source Heat Pump
- Water Source Heat Pump
- Exhaust Air Heat Pump
- Others
6Report Segmentation
- Breakup by End Use Sector
- Residential
- Commercial
- Hospitality
- Retail
- Education
- Food Beverage
- Paper Pulp
- Chemicals Petrochemicals
- Others
- Breakup by Region
- Europe
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
7Competitive Landscape
- Aditya Birla Management Corporation Pvt. Ltd.
- Borregaard AS
- Domtar Corporation
- Green Agrochem
- Ingevity Corporation
- Merck KGaA
- Nippon Paper Industries Co. Ltd.
- Rayonier Advanced Materials
- Stora Enso Oyj
- The Dallas Group of America Inc.
- West Fraser Timber Co. Ltd.
- Wuhan East China Chemical Co. Ltd.
8Key Questions Answered in the Report
9Key Questions Answered in the Report
10Table of Contents
1 Preface 2 Scope and Methodology 2.1
Objectives of the Study 2.2 Stakeholders
2.3 Data Sources 2.3.1 Primary
Sources 2.3.2 Secondary Sources
2.4 Market Estimation 2.4.1
Bottom-Up Approach 2.4.2 Top-Down
Approach 2.5 Forecasting Methodology 3
Executive Summary 4 Introduction 4.1
Overview 4.2 Key Industry Trends 5
Global Heat Pumps Market 5.1 Market
Overview 5.2 Market Performance 5.3
Impact of COVID-19 5.4 Market Breakup by
Rated Capacity 5.5 Market Breakup by
Product Type 5.6 Market Breakup by End Use
Sector 5.7 Market Breakup by Region
5.8 Market Forecast 6 SWOT Analysis 6.1
Overview 6.2 Strengths 6.3
Weaknesses 6.4 Opportunities 6.5
Threats 7 Value Chain Analysis 8 Porters
Five Forces Analysis
11Table of Contents
8.1 Overview 8.2 Bargaining Power
of Buyers 8.3 Bargaining Power of
Suppliers 8.4 Degree of Competition
8.5 Threat of New Entrants 8.6 Threat
of Substitutes 9 Market Breakup by Rated
Capacity 9.1 Up to 10 kW 9.1.1
Market Trends 9.1.2 Market Forecast
9.2 1020 kW 9.2.1 Market Trends
9.2.2 Market Forecast 9.3 2030
kW 9.3.1 Market Trends 9.3.2
Market Forecast 9.4 Above 30 kW
9.4.1 Market Trends 9.4.2 Market
Forecast 10 Market Breakup by Product Type
10.1 Air Source Heat Pump 10.1.1
Market Trends 10.1.2 Market Forecast
10.2 Ground Source Heat Pump 10.2.1
Market Trends 10.2.2 Market
Forecast 10.3 Water Source Heat Pump
10.3.1 Market Trends 10.3.2
Market Forecast 10.4 Exhaust Air Heat
Pump 10.4.1 Market Trends
12Table of Contents
10.4.2 Market Forecast 10.5
Others 10.5.1 Market Trends
10.5.2 Market Forecast 11 Market Breakup by
End Use Sector 11.1 Residential
11.1.1 Market Trends 11.1.2 Market
Forecast 11.2 Commercial 11.2.1
Market Trends 11.2.2 Market Forecast
11.3 Hospitality 11.3.1 Market
Trends 11.3.2 Market Forecast 11.4
Retail 11.4.1 Market Trends
11.4.2 Market Forecast 11.5 Education
11.5.1 Market Trends 11.5.2
Market Forecast 11.6 Food Beverage
11.6.1 Market Trends 11.6.2
Market Forecast 11.7 Paper Pulp
11.7.1 Market Trends 11.7.2 Market
Forecast 11.8 Chemicals Petrochemicals
11.8.1 Market Trends 11.8.2
Market Forecast 11.9 Others 11.9.1
Market Trends 11.9.2 Market Forecast
13Table of Contents
12 Market Breakup by Region 12.1 Europe
12.1.1 Market Trends 12.1.2
Market Forecast 12.2 North America
12.2.1 Market Trends 12.2.2 Market
Forecast 12.3 Asia Pacific 12.3.1
Market Trends 12.3.2 Market
Forecast 12.4 Middle East and Africa
12.4.1 Market Trends 12.4.2
Market Forecast 12.5 Latin America
12.5.1 Market Trends 12.5.2 Market
Forecast 13 Price Analysis 14 Competitive
Landscape 14.1 Market Structure 14.2
Key Players 14.3 Profiles of Key Players
14.3.1 Daikin Industries, Ltd
14.3.2 Mitsubishi Electric Corporation
14.3.3 MIDEA GROUP 14.3.4 NIBE
Industrier AB, Corp 14.3.5 Ingersoll
Rand 14.3.6 Danfoss 14.3.7
Panasonic Corporation 14.3.8 GDC Group
Limited 14.3.9 Viessmann Manufacturing
Company Inc 14.3.10 Robert Bosch GmbH
14.3.11 United Technologies Corporation
14Table of Contents
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15Partial List of Clients
16Partial List of Clients
17Disclaimer
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