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市場調査レポート
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1448846

ヒートポンプの世界市場：技術 (空対空・空対水・水源・地熱・ハイブリッド・PVT)・冷媒別、タイプ別、定格容量別、エンドユーザー別、用途別、地域別 - 予測（～2029年）

Heat Pump Market by Technology (Air-to-Air, Air-to-Water, Water Source, Geothermal, Hybrid, PVT), Refrigerant (R410A, R407C, R744, R290, R717), Type (Reversible, Non-reversible), Rated Capacity, End User, Application and Region - Global Forecast to 2029
出版日: | 発行: MarketsandMarkets | ページ情報: 英文 298 Pages | 納期: 即納可能 即納可能とは

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価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=156.76円
ヒートポンプの世界市場：技術 (空対空・空対水・水源・地熱・ハイブリッド・PVT)・冷媒別、タイプ別、定格容量別、エンドユーザー別、用途別、地域別 - 予測（～2029年）
出版日: 2024年03月06日
発行: MarketsandMarkets
ページ情報: 英文 298 Pages
納期: 即納可能 即納可能とは
  • 全表示
  • 概要
  • 目次
概要

ヒートポンプの市場規模は、予測期間中に11.8%のCAGRで推移し、2024年の901億米ドルから、2029年には1,578億米ドルの規模に成長すると予測されています。

調査範囲
調査対象年 2019-2029年
基準年 2023年
予測期間 2024-2029年
検討単位 金額 (米ドル)
セグメント ヒートポンプ市場：技術・タイプ・冷媒、定格容量・エンドユーザー・用途・地域別
対象地域 北米・欧州・アジア太平洋・ラテンアメリカ・中東&アフリカ

技術別では、空対水ヒートポンプが予測期間中に2番目に大きな部門になると予想されています。空対水ヒートポンプの利用は、従来の住宅用途を超え、商業ビル、産業施設、プールなどのレクリエーション施設を含む多様な分野で急激な成長が確認されています。このような幅広い採用は、冷暖房ソリューションのパラダイムシフトを意味し、空対水ヒートポンプは汎用的で効率的な代替手段として台頭しています。

タイプ別では、可逆ヒートポンプの部門が予測期間中に2番目に急成長する部門となる見込みです。可逆ヒートポンプの顕著な特徴の1つはその高い成績係数 (COP) です。可逆ヒートポンプのCOP値は通常3～5であり、消費エネルギーに対して最大300％～500％の冷暖房能力を発揮します。この卓越した効率は、大幅なエネルギー節約につながるだけでなく、長期的には住宅所有者や企業の大幅なコスト削減にもつながります。

冷媒別では、R410Aの部門が予測期間中にもっとも急成長する見込みです。R410Aヒートポンプの産業用途は、食品加工、医薬品、製造など幅広い分野に及んでおり、そこでは製品の品質維持、プロセス効率の確保、規制基準の遵守のために正確な温度制御が不可欠です。食品加工業界では、R410Aヒートポンプは、生鮮品の鮮度と安全性を保つため、冷蔵、冷凍、温度管理貯蔵などの作業に利用されています。これらのヒートポンプは、信頼性が高くエネルギー効率の高い冷却ソリューションを提供し、食品の腐敗を防ぎ、保存期間を延ばし、厳しい食品安全規制を満たすのに役立っています。

地域別では、欧州がもっとも急成長している地域になる見込みです。電気を使って環境から熱を取り出すヒートポンプは、特に太陽光発電のような再生可能エネルギー源と組み合わせた場合、運転コストを大幅に削減できます。さらに、エネルギー安全保障に関する懸念や、野心的な気候変動目標の達成に向けた動きが、ヒートポンプの魅力をさらに確固たるものにしています。欧州諸国が輸入化石燃料への依存を減らし、よりクリーンなエネルギー源への移行を目指す中、ヒートポンプは実行可能で効率的な解決策を提示しています。

当レポートでは、世界のヒートポンプの市場を調査し、市場概要、市場影響因子および市場機会の分析、技術・特許の動向、法規制環境、ケーススタディ、市場規模の推移・予測、各種区分・地域別の詳細分析、競合情勢、主要企業のプロファイルなどをまとめています。

目次

第1章 イントロダクション

第2章 調査手法

第3章 エグゼクティブサマリー

第4章 重要考察

第5章 市場概要

  • 市場力学
    • 促進要因
    • 抑制要因
    • 機会
    • 課題
  • 顧客のビジネスに影響を与える動向/ディスラプション
  • 価格分析
  • サプライチェーン分析
  • エコシステム/市場マップ
  • 規制状況
  • 特許分析
  • ケーススタディ分析
  • 技術分析
  • 主要な会議とイベント
  • 貿易分析
  • ポーターのファイブフォース分析
  • 主要なステークホルダーと購入基準
  • 投資と資金調達のシナリオ

第6章 ヒートポンプ市場：タイプ別

  • 可逆ヒートポンプ
  • 非可逆ヒートポンプ

第7章 ヒートポンプ市場：技術別

  • 空対空ヒートポンプ
  • 空対水ヒートポンプ
  • 水源ヒートポンプ
  • 地熱 (地熱) ヒートポンプ
  • ハイブリッドヒートポンプ
  • 光起電熱 (PVT) ヒートポンプ

第8章 ヒートポンプ市場：定格容量別

  • 10KW未満
  • 10-20KW
  • 20-30KW
  • 30KW超

第9章 ヒートポンプ市場：冷媒別

  • R410A
  • R407C
  • R744
  • R290
  • R717
  • その他の冷媒

第10章 ヒートポンプ市場：用途別

  • 暖房
    • 給湯
    • 地域暖房・空間暖房
  • 加熱・冷却

第11章 ヒートポンプ市場：エンドユーザー別

  • 住宅用
  • 商用
  • 産業用

第12章 ヒートポンプ市場：地域別

  • アジア太平洋
  • 欧州
  • 北米
  • 中東・アフリカ

第13章 競合情勢

  • 概要
  • 主要企業が採用した戦略
  • 市場シェア分析
  • 市場評価の枠組み
  • 収益分析
  • 企業評価と財務マトリックス
  • 競合シナリオと動向
  • 企業評価マトリックス：主要企業
  • 企業評価マトリックス：新興企業/中小企業
  • ブランド/製品の比較

第14章 企業プロファイル

  • 主要企業
    • SAMSUNG
    • DENSO CORPORATION
    • MIDEA
    • PANASONIC HOLDINGS CORPORATION
    • MITSUBISHI ELECTRIC CORPORATION
    • LG ELECTRONICS
    • LENNOX INTERNATIONAL INC.
    • FUJITSU GENERAL
    • DAIKIN INDUSTRIES, LTD.
    • CARRIER
    • JOHNSON CONTROLS
    • THERMAX LIMITED
    • GEA GROUP AKTIENGESELLSCHAFT
    • TRANE TECHNOLOGIES PLC
    • BOSCH THERMOTECHNOLOGY CORP.
  • その他の企業
    • GUANGZHOU SPRSUN NEW ENERGY TECHNOLOGY DEVELOPMENT CO.,LTD.
    • GLEN DIMPLEX GROUP
    • NIBE
    • RHEEM MANUFACTURING COMPANY
    • ENERGEN HYBRID SYSTEMS LIMITED
    • EVO ENERGY TECHNOLOGIES
    • NAMMASWADESHI
    • ECO TECH SOLUTIONS
    • DANDELION
    • ZEALUX ELECTRIC LIMITED

第15章 付録

目次
Product Code: EP 6413

The global Heat Pump market is estimated to grow from USD 90.1 billion in 2024 to USD 157.8 billion by 2029; it is expected to record a CAGR of 11.8% during the forecast period. Heat pumps can be integrated with renewable energy sources such as solar and wind power, enabling more sustainable and eco-friendly heating and cooling solutions, which align with the global trend towards renewable energy adoption.

Scope of the Report
Years Considered for the Study2019-2029
Base Year2023
Forecast Period2024-2029
Units ConsideredValue (USD Billion)
SegmentsHeat Pump Market by Technology, Type, Refrigerant, Rated Capacity, End User, Application, and Region.
Regions coveredNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

"Air-to-water Heat Pumps": The second largest segment of the Heat Pump market, by technology "

Based on technology, the Heat Pump market has been segmented into Air-to-Air Heat Pumps, Air-to-Water Heat Pumps, Water Source Heat Pumps, Ground-Source (Geothermal) Heat Pumps, Hybrid Heat Pumps, and Photovoltaic-Thermal (PVT) heat pumps. The Air-to-Water heat Pumps are expected to be the second largest segment during the forecast period. The utilization of air-to-water heat pumps has transcended their traditional residential applications, with exponential growth observed across diverse sectors including commercial buildings, industrial facilities, and recreational venues such as swimming pools. This broader adoption signifies a paradigm shift in heating and cooling solutions, where air-to-water heat pumps emerge as versatile and efficient alternatives.

"By type, the Reversible Heat Pump segment is expected to be the second fastest growing segment during the forecast period."

Based on type, the Heat Pump market is segmented into Reversible Heat Pumps, and Non-Reversible Heat Pumps. The Reversible Heat Pump segment is expected to be the second fastest-growing segment of the heat pump market during the forecast period. One of the standout features of reversible heat pumps is their remarkable coefficient of performance (COP), which quantifies their efficiency in converting energy input into heating or cooling output. Reversible heat pumps typically boast COP values ranging from 3 to 5, meaning they can provide up to 300% to 500% more heating or cooling power than the energy consumed. This outstanding efficiency not only translates into substantial energy savings but also leads to significant cost reductions for homeowners and businesses over the long term.

"By Refrigerant, R410A segment is expected to be the fastest growing segment during the forecast period."

Based on the Refrigerant, the Heat Pump market is segmented into R410A, R407C, R744, R290, R717, and Other Refrigerants. The R410A segment is expected to be the fastest-growing segment of the heat pump market during the forecast period. Industrial applications of R410A heat pumps encompass a wide range of sectors, including food processing, pharmaceuticals, and manufacturing, where precise temperature control is critical for maintaining product quality, ensuring process efficiency, and adhering to regulatory standards. In the food processing industry, R410A heat pumps are utilized for tasks such as refrigeration, freezing, and temperature-controlled storage to preserve the freshness and safety of perishable goods. These heat pumps offer reliable and energy-efficient cooling solutions that help prevent food spoilage, extend shelf life, and meet stringent food safety regulations.

"10-20 kW": The second largest segment of the Heat Pump market, by Rated Capacity "

Based on Rated Capacity, the Heat Pump market has been segmented into Up to 10 kW, 10-20 kW, 20-30 kW, and ABOVE 30 kW. The 10-20 kW segment is expected to be the second largest segment during the forecast period. Consumers demand heating solutions that can operate consistently and dependably, especially during harsh weather conditions. Advanced engineering and manufacturing processes ensure that modern 10-20 kW heat pumps are built to withstand the rigors of frequent use and varying environmental stresses. This increased reliability reduces the likelihood of breakdowns or malfunctions, providing peace of mind to consumers.

"Europe is expected to be the fastest growing region in the Heat Pump market."

Europe is expected to be the Fastest growing region in the Heat Pump market during the forecast period. Heat pumps, which extract heat from the environment using electricity, offer significantly lower operating costs, especially when paired with renewable energy sources like solar power. Additionally, concerns regarding energy security and the drive to achieve ambitious climate goals further solidify the appeal of heat pumps. As European countries strive to reduce their reliance on imported fossil fuels and transition to cleaner energy sources, heat pumps present a viable and efficient solution. With government incentives, technological advancements, and growing awareness of environmental benefits, the future of heating in Europe seems increasingly electrified and sustainable, with heat pumps leading the charge.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and assess future market prospects. The distribution of primary interviews is as follows:

By Company Type: Tier 1- 60%, Tier 2- 25%, and Tier 3- 15%

By Designation: C-Level- 35%, Director Level- 25%, and Others- 40%

By Region: Americas- 13%, Europe- 16%, Asia Pacific- 56%, Middle East & Africa - 15%

Note: Others include sales managers, engineers, and regional managers.

Note: The tiers of the companies are defined on the basis of their total revenues as of 2022. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

The Heat Pump market is dominated by a few major players that have a wide regional presence. The leading players in the Heat Pump market are SAMSUNG (South Korea), DENSO CORPORATION (Japan), Midea (China), Panasonic Holdings Corporation (Japan), and Mitsubishi Electric Corporation (Japan) . The major strategy adopted by the players includes new product launches, contracts, agreements, partnerships, joint ventures, acquisitions, and investments & expansions.

Research Coverage:

The report defines, describes, and forecasts the global Heat Pump market by, by Technology, Type, Refrigerant, Rated Capacity, End User, Application, and Region. It also offers a detailed qualitative and quantitative analysis of the market. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the Heat Pump market.

Key Benefits of Buying the Report

  • Government initiatives at the national and international levels amplify the impact of investment on the Heat Pump market. Robust policy frameworks, often accompanied by financial incentives, subsidies, and regulatory support, encourage widespread adoption of Heat Pump. Factors such as high initial cost and lack of infrastructure restrain the growth of the market. The growing energy transition towards renewable energy sources and rapid urbanization are expected to present lucrative opportunities for the players operating in the Heat Pump market.
  • Product Development/ Innovation: The Heat Pump market is witnessing significant product development and innovation, driven by the growing demand for environmentally friendly, safe and sustainable products. Companies are investing in developing advanced Heat Pump technologies for various applications.
  • Market Development: SAMSUNG has announced its partnership with Etopia, a UK-based smart building company, to deploy heat pumps in the residential sector in the UK. SAMSUNG will deploy 6,000 TDS plus heat pumps as part of the five-year smart home project in the UK.
  • Market Diversification: Panasonic Holdings Corporation announced that it would invest about USD 150 million in its Czech Plant by the Fiscal Year ending in March 2026 to strengthen the production of air-to-water heat pumps (A2W), which have been experiencing growing demand in Europe.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players, like include SAMSUNG (South Korea), DENSO CORPORATION (Japan), Midea (China), Panasonic Holdings Corporation (Japan), and Mitsubishi Electric Corporation (Japan), among others in the Heat Pump market.

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 STUDY OBJECTIVES
  • 1.2 MARKET DEFINITION
    • 1.2.1 INCLUSIONS AND EXCLUSIONS
  • 1.3 STUDY SCOPE
    • 1.3.1 MARKETS COVERED
    • 1.3.2 REGIONAL SCOPE
    • 1.3.3 YEARS CONSIDERED
    • 1.3.4 CURRENCY CONSIDERED
    • 1.3.5 UNITS CONSIDERED
  • 1.4 LIMITATIONS
  • 1.5 STAKEHOLDERS
  • 1.6 SUMMARY OF CHANGES
  • 1.7 IMPACT OF RECESSION

2 RESEARCH METHODOLOGY

  • 2.1 RESEARCH DATA
    • FIGURE 1 HEAT PUMP MARKET: RESEARCH DESIGN
  • 2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
    • FIGURE 2 DATA TRIANGULATION
  • 2.3 PRIMARY AND SECONDARY RESEARCH
    • 2.3.1 SECONDARY DATA
    • TABLE 1 LIST OF MAJOR SECONDARY SOURCES
      • 2.3.1.1 Key secondary sources
    • 2.3.2 PRIMARY DATA
    • TABLE 2 LIST OF PRIMARY INTERVIEW PARTICIPANTS
      • 2.3.2.1 Key industry insights
      • 2.3.2.2 Breakdown of primaries
    • FIGURE 3 BREAKDOWN OF PRIMARIES: BY COMPANY TYPE, DESIGNATION, AND REGION
  • 2.4 MARKET SIZE ESTIMATION
    • 2.4.1 BOTTOM-UP APPROACH
    • FIGURE 4 HEAT PUMP MARKET: BOTTOM-UP APPROACH
    • 2.4.2 TOP-DOWN APPROACH
    • FIGURE 5 HEAT PUMP MARKET: TOP-DOWN APPROACH
  • 2.5 DEMAND-SIDE ANALYSIS
    • 2.5.1 DEMAND-SIDE METRICS
    • FIGURE 6 METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR HEAT PUMPS
      • 2.5.1.1 Assumptions for demand-side analysis
      • 2.5.1.2 Calculations for demand-side analysis
  • 2.6 SUPPLY-SIDE ANALYSIS
    • 2.6.1 SUPPLY-SIDE METRICS
    • FIGURE 7 KEY FACTORS CONSIDERED TO ASSESS SUPPLY OF HEAT PUMPS
    • FIGURE 8 HEAT PUMP MARKET: SUPPLY-SIDE ANALYSIS
      • 2.6.1.1 Calculations for supply-side analysis
      • 2.6.1.2 Assumptions for supply-side analysis
  • 2.7 FORECAST
  • 2.8 RISK ASSESSMENT
  • 2.9 RECESSION IMPACT

3 EXECUTIVE SUMMARY

    • TABLE 3 HEAT PUMP MARKET SNAPSHOT
    • FIGURE 9 ASIA PACIFIC HELD LARGEST SHARE OF HEAT PUMP MARKET IN 2023
    • FIGURE 10 AIR-TO-AIR HEAT PUMPS SEGMENT TO LEAD HEAT PUMP MARKET IN 2029
    • FIGURE 11 NON-REVERSIBLE HEAT PUMPS SEGMENT TO HOLD LARGER SHARE OF HEAT PUMP MARKET IN 2029
    • FIGURE 12 R410A SEGMENT TO DOMINATE HEAT PUMP MARKET IN 2029
    • FIGURE 13 UP TO 10 KW SEGMENT TO DOMINATE HEAT PUMP MARKET IN 2029
    • FIGURE 14 RESIDENTIAL SEGMENT TO DOMINATE HEAT PUMP MARKET IN 2029
    • FIGURE 15 DISTRICT AND SPACE HEATING SEGMENT TO DOMINATE HEAT PUMP MARKET BY HEATING APPLICATION IN 2029

4 PREMIUM INSIGHTS

  • 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HEAT PUMP MARKET
    • FIGURE 16 INTEGRATION OF INTERNET OF THINGS (IOT) TECHNOLOGY INTO HEAT PUMPS TO CREATE LUCRATIVE OPPORTUNITIES FOR MARKET PLAYERS
  • 4.2 HEAT PUMP MARKET, BY REGION
    • FIGURE 17 EUROPEAN HEAT PUMP MARKET TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD
  • 4.3 HEAT PUMP MARKET, BY TECHNOLOGY
    • FIGURE 18 AIR-TO-AIR HEAT PUMPS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2029
  • 4.4 HEAT PUMP MARKET, BY TYPE
    • FIGURE 19 NON-REVERSIBLE SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2029
  • 4.5 HEAT PUMP MARKET, BY REFRIGERANT
    • FIGURE 20 R410A SEGMENT TO HOLD LARGER MARKET SHARE IN 2029
  • 4.6 HEAT PUMP MARKET, BY RATED CAPACITY
    • FIGURE 21 UP TO 10 KW SEGMENT TO DOMINATE HEAT PUMP MARKET IN 2029
  • 4.7 HEAT PUMP MARKET, BY END USER
    • FIGURE 22 RESIDENTIAL SEGMENT TO DOMINATE HEAT PUMP MARKET IN 2029
  • 4.8 HEAT PUMP MARKET, BY APPLICATION
    • FIGURE 23 HEATING SEGMENT TO DOMINATE HEAT PUMP MARKET IN 2029

5 MARKET OVERVIEW

  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    • FIGURE 24 HEAT PUMP MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
    • 5.2.1 DRIVERS
      • 5.2.1.1 Growing use of heat pumps beyond traditional heating and cooling applications
      • 5.2.1.2 Capability of heat pumps to be integrated with renewable energy systems
      • 5.2.1.3 Implementation of government policies and initiatives to promote use of energy-efficient heating and cooling systems
    • 5.2.2 RESTRAINTS
      • 5.2.2.1 Difficulties in installation and unaesthetic appearance
      • 5.2.2.2 Limited public awareness regarding benefits of heat pumps and lack of knowledge about heat pump standards among contractors
    • 5.2.3 OPPORTUNITIES
      • 5.2.3.1 High focus of manufacturers on integrating IoT, ML, and AI technologies into heat pumps
    • TABLE 4 BENEFITS OF SMART THERMOSTATS OFFERED BY KEY PLAYERS
      • 5.2.3.2 Positive outlook toward use of geothermal energy
      • 5.2.3.3 Increased sales of heat pumps in Europe
    • FIGURE 25 ANNUAL SALES GROWTH OF HEAT PUMPS WORLDWIDE AND SELECTED MARKETS BETWEEN 2021 AND 2022
    • 5.2.4 CHALLENGES
      • 5.2.4.1 Dependency on energy source for heat pump efficiency
      • 5.2.4.2 High installation cost
    • TABLE 5 AVERAGE HEAT PUMP INSTALLATION COST, BY TYPE (USD)
  • 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES
    • FIGURE 26 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES
  • 5.4 PRICING ANALYSIS
    • 5.4.1 AVERAGE SELLING PRICE TREND OF HEAT PUMPS, BY REGION
    • TABLE 6 INDICATIVE PRICING ANALYSIS OF HEAT PUMPS, BY REGION, 2023-2029 (USD)
    • FIGURE 27 INDICATIVE PRICING TREND OF HEAT PUMPS, BY REGION, 2019-2029 (USD)
    • 5.4.2 INDICATIVE PRICING ANALYSIS OF HEAT PUMPS, BY TECHNOLOGY
    • TABLE 7 INDICATIVE PRICING ANALYSIS OF HEAT PUMPS, BY TECHNOLOGY, 2023-2029 (USD)
    • FIGURE 28 INDICATIVE PRICING TREND OF HEAT PUMPS, BY TECHNOLOGY, 2019-2029 (USD)
  • 5.5 SUPPLY CHAIN ANALYSIS
    • FIGURE 29 HEAT PUMP MARKET: SUPPLY CHAIN ANALYSIS
    • 5.5.1 RAW MATERIAL SUPPLIERS
    • 5.5.2 ORIGINAL EQUIPMENT MANUFACTURERS (OEMS)
    • 5.5.3 DISTRIBUTORS
    • 5.5.4 END USERS
  • 5.6 ECOSYSTEM/MARKET MAP
    • FIGURE 30 HEAT PUMP MARKET MAP
    • TABLE 8 COMPANIES AND THEIR ROLES IN HEAT PUMP ECOSYSTEM
    • FIGURE 31 HEAT PUMP MARKET: ECOSYSTEM MAPPING
  • 5.7 REGULATORY LANDSCAPE
    • 5.7.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 9 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 12 LATIN AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 13 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • 5.7.2 REGULATIONS
    • TABLE 14 HEAT PUMP MARKET: REGULATIONS
  • 5.8 PATENT ANALYSIS
    • FIGURE 32 INNOVATIONS AND PATENT REGISTRATIONS, 2013-2023
    • 5.8.1 LIST OF MAJOR PATENTS
    • TABLE 15 HEAT PUMP MARKET: INNOVATIONS AND PATENT REGISTRATIONS, 2018-2022
  • 5.9 CASE STUDY ANALYSIS
    • 5.9.1 CITY SUITES HOTEL INSTALLED DAIKIN VRV IV+ HEAT PUMP SYSTEM WITH INDIVIDUAL ROOM CONTROLS TO REDUCE ENERGY CONSUMPTION AND ENHANCE GUEST EXPERIENCE
      • 5.9.1.1 Problem statement
      • 5.9.1.2 Solution
    • 5.9.2 INDUSTRIAL PLANT IMPLEMENTED CARRIER AQUAEDGE 19DV WATER-COOLED CHILLER WITH HEAT RECOVERY TO REVOLUTIONIZE INDUSTRIAL PROCESSES
      • 5.9.2.1 Problem statement
      • 5.9.2.2 Solution
    • 5.9.3 HOTEL DEPLOYED A. O. SMITH VOLTEX HYBRID ELECTRIC HEAT PUMP WATER HEATER TO REDUCE ENERGY CONSUMPTION AND COST
      • 5.9.3.1 Problem statement
      • 5.9.3.2 Solution
  • 5.10 TECHNOLOGY ANALYSIS
    • 5.10.1 KEY TECHNOLOGIES
      • 5.10.1.1 Photovoltaic-thermal solar-assisted heat pump systems
      • 5.10.1.2 Hybrid heat pumps
      • 5.10.1.3 Air-to-air heat pumps
      • 5.10.1.4 Air-to-water heat pumps
      • 5.10.1.5 Water-source heat pumps
      • 5.10.1.6 Ground-source heat pumps
      • 5.10.1.7 Solid-state heat pumps
    • 5.10.2 COMPLEMENTARY TECHNOLOGIES
      • 5.10.2.1 Thermal storage
      • 5.10.2.2 Smart controls and automation technologies
    • 5.10.3 ADJACENT TECHNOLOGIES
      • 5.10.3.1 Heat recovery ventilation (HRV) systems
      • 5.10.3.2 Internet of Things (IoT) devices
    • 5.10.4 SEASONAL COEFFICIENT OF PERFORMANCE (SCOP)
    • TABLE 16 SCOP OF KEY PLAYERS
  • 5.11 KEY CONFERENCES AND EVENTS, 2024
    • TABLE 17 HEAT PUMP MARKET: KEY CONFERENCES AND EVENTS, 2023-2024
  • 5.12 TRADE ANALYSIS
    • 5.12.1 EXPORT SCENARIO
    • TABLE 18 EXPORT DATA FOR HS CODE 841861-COMPLIANT PRODUCTS, BY COUNTRY, 2020-2022 (USD THOUSAND)
    • FIGURE 33 EXPORT DATA FOR HS CODE 841861-COMPLIANT PRODUCTS FOR TOP FIVE COUNTRIES, 2020-2022 (USD THOUSAND)
    • 5.12.2 IMPORT SCENARIO
    • TABLE 19 IMPORT SCENARIO FOR HS CODE 841861-COMPLIANT PRODUCTS, BY COUNTRY, 2020-2022 (USD THOUSAND)
    • FIGURE 34 IMPORT DATA FOR HS CODE 841861-COMPLIANT PRODUCTS FOR TOP FIVE COUNTRIES, 2020-2022 (USD THOUSAND)
  • 5.13 PORTER'S FIVE FORCES ANALYSIS
    • FIGURE 35 HEAT PUMP MARKET: PORTER'S FIVE FORCES ANALYSIS
    • TABLE 20 HEAT PUMP MARKET: PORTER'S FIVE FORCES ANALYSIS
    • 5.13.1 THREAT OF SUBSTITUTES
    • 5.13.2 BARGAINING POWER OF SUPPLIERS
    • 5.13.3 BARGAINING POWER OF BUYERS
    • 5.13.4 THREAT OF NEW ENTRANTS
    • 5.13.5 INTENSITY OF COMPETITIVE RIVALRY
  • 5.14 KEY STAKEHOLDERS AND BUYING CRITERIA
    • 5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
    • FIGURE 36 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS, BY END USER
    • TABLE 21 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER (%)
    • 5.14.2 BUYING CRITERIA
    • FIGURE 37 KEY BUYING CRITERIA, BY END USER
    • TABLE 22 KEY BUYING CRITERIA, BY END USER
  • 5.15 INVESTMENT AND FUNDING SCENARIO
    • FIGURE 38 INVESTMENT AND FUNDING SCENARIO

6 HEAT PUMP MARKET, BY TYPE

  • 6.1 INTRODUCTION
    • FIGURE 39 HEAT PUMP MARKET, BY TYPE, 2023
    • TABLE 23 HEAT PUMP MARKET, BY TYPE, 2019-2023 (USD MILLION)
    • TABLE 24 HEAT PUMP MARKET, BY TYPE, 2024-2029 (USD MILLION)
  • 6.2 REVERSIBLE HEAT PUMPS
    • 6.2.1 IMPLEMENTATION OF ENERGY EFFICIENCY REGULATIONS TO MITIGATE CLIMATE CHANGE AND PROMOTE SUSTAINABLE DEVELOPMENT TO DRIVE DEMAND
    • TABLE 25 REVERSIBLE HEAT PUMPS: HEAT PUMP MARKET, BY REGION, 2019-2023 (USD MILLION)
    • TABLE 26 REVERSIBLE HEAT PUMPS: HEAT PUMP MARKET, BY REGION, 2024-2029 (USD MILLION)
  • 6.3 NON-REVERSIBLE HEAT PUMPS
    • 6.3.1 LOW INITIAL INSTALLATION COSTS TO DRIVE DEMAND
    • TABLE 27 NON-REVERSIBLE HEAT PUMPS: HEAT PUMP MARKET, BY REGION, 2019-2023 (USD MILLION)
    • TABLE 28 NON-REVERSIBLE HEAT PUMPS: HEAT PUMP MARKET, BY REGION, 2024-2029 (USD MILLION)

7 HEAT PUMP MARKET, BY TECHNOLOGY

  • 7.1 INTRODUCTION
    • FIGURE 40 HEAT PUMP MARKET, BY TECHNOLOGY, 2023
    • TABLE 29 HEAT PUMP MARKET, BY TECHNOLOGY, 2019-2023 (USD MILLION)
    • TABLE 30 HEAT PUMP MARKET, BY TECHNOLOGY, 2024-2029 (USD MILLION)
    • TABLE 31 HEAT PUMP MARKET, BY TECHNOLOGY, 2019-2023 (MILLION UNITS)
    • TABLE 32 HEAT PUMP MARKET, BY TECHNOLOGY, 2024-2029 (MILLION UNITS)
  • 7.2 AIR-TO-AIR HEAT PUMPS
    • 7.2.1 RISING PREFERENCE FOR ENERGY-EFFICIENT AND ENVIRONMENTALLY FRIENDLY HEATING AND COOLING SOLUTIONS TO DRIVE DEMAND
    • TABLE 33 AIR-TO-AIR HEAT PUMPS: HEAT PUMP MARKET, BY REGION, 2019-2023 (USD MILLION)
    • TABLE 34 AIR-TO-AIR HEAT PUMPS: HEAT PUMP MARKET, BY REGION, 2024-2029 (USD MILLION)
  • 7.3 AIR-TO-WATER HEAT PUMPS
    • 7.3.1 RISING FOCUS ON CURBING GREENHOUSE GAS EMISSIONS TO DRIVE DEMAND
    • TABLE 35 AIR-TO-WATER HEAT PUMPS: HEAT PUMP MARKET, BY REGION, 2019-2023 (USD MILLION)
    • TABLE 36 AIR-TO-WATER HEAT PUMPS: HEAT PUMP MARKET, BY REGION, 2024-2029 (USD MILLION)
  • 7.4 WATER-SOURCE HEAT PUMPS
    • 7.4.1 HIGH OPERATIONAL EFFICIENCY OF WATER-SOURCE HEAT PUMPS TO BOOST ADOPTION
    • TABLE 37 WATER-SOURCE HEAT PUMPS: HEAT PUMP MARKET, BY REGION, 2019-2023 (USD MILLION)
    • TABLE 38 WATER-SOURCE HEAT PUMPS: HEAT PUMP MARKET, BY REGION, 2024-2029 (USD MILLION)
  • 7.5 GROUND-SOURCE (GEOTHERMAL) HEAT PUMPS
    • 7.5.1 GOVERNMENT-LED SUBSIDIES FOR BOOSTING DEPLOYMENT OF GEOTHERMAL HEAT PUMPS TO DRIVE MARKET
    • TABLE 39 GROUND-SOURCE HEAT PUMPS: HEAT PUMP MARKET, BY REGION, 2019-2023 (USD MILLION)
    • TABLE 40 GROUND-SOURCE HEAT PUMPS: HEAT PUMP MARKET, BY REGION, 2024-2029 (USD MILLION)
  • 7.6 HYBRID HEAT PUMPS
    • 7.6.1 TECHNOLOGICAL ADVANCEMENTS AND SEAMLESS INTEGRATION WITH EXISTING INFRASTRUCTURE TO DRIVE DEMAND
    • TABLE 41 HYBRID HEAT PUMPS: HEAT PUMP MARKET, BY REGION, 2019-2023 (USD MILLION)
    • TABLE 42 HYBRID HEAT PUMPS: HEAT PUMP MARKET, BY REGION, 2024-2029 (USD MILLION)
  • 7.7 PHOTOVOLTAIC-THERMAL (PVT) HEAT PUMPS
    • 7.7.1 INCLINATION TOWARD USE OF AIR AS RENEWABLE ENERGY SOURCE TO DRIVE MARKET
    • TABLE 43 PHOTOVOLTAIC-THERMAL (PVT) HEAT PUMPS: HEAT PUMP MARKET, BY REGION, 2019-2023 (USD MILLION)
    • TABLE 44 PHOTOVOLTAIC-THERMAL (PVT) HEAT PUMPS: HEAT PUMP MARKET, BY REGION, 2024-2029 (USD MILLION)

8 HEAT PUMP MARKET, BY RATED CAPACITY

  • 8.1 INTRODUCTION
    • FIGURE 41 HEAT PUMP MARKET, BY RATED CAPACITY, 2023
    • TABLE 45 HEAT PUMP MARKET, BY RATED CAPACITY, 2019-2023 (USD MILLION)
    • TABLE 46 HEAT PUMP MARKET, BY RATED CAPACITY, 2024-2029 (USD MILLION)
  • 8.2 UP TO 10 KW
    • 8.2.1 SUITABILITY FOR SINGLE-FAMILY HOUSES TO DRIVE DEMAND
    • TABLE 47 UP TO 10 KW: HEAT PUMP MARKET, BY REGION, 2019-2023 (USD MILLION)
    • TABLE 48 UP TO 10 KW: HEAT PUMP MARKET, BY REGION, 2024-2029 (USD MILLION)
  • 8.3 10-20 KW
    • 8.3.1 IMPROVED ENERGY SAVING, HIGH EFFICIENCY, AND LOW CARBON FOOTPRINT TO FUEL DEMAND
    • TABLE 49 10-20 KW: HEAT PUMP MARKET, BY REGION, 2019-2023 (USD MILLION)
    • TABLE 50 10-20 KW: HEAT PUMP MARKET, BY REGION, 2024-2029 (USD MILLION)
  • 8.4 20-30 KW
    • 8.4.1 GROWING USE IN COMMERCIAL SECTOR TO DRIVE MARKET
    • TABLE 51 20-30 KW: HEAT PUMP MARKET, BY REGION, 2019-2023 (USD MILLION)
    • TABLE 52 20-30 KW: HEAT PUMP MARKET, BY REGION, 2024-2029 (USD MILLION)
  • 8.5 ABOVE 30 KW
    • 8.5.1 HIGH USE IN FOOD & BEVERAGES, PULP & PAPER, CHEMICALS, AND PETROCHEMICALS INDUSTRIES TO DRIVE MARKET
    • TABLE 53 ABOVE 30 KW: HEAT PUMP MARKET, BY REGION, 2019-2023 (USD MILLION)
    • TABLE 54 ABOVE 30 KW: HEAT PUMP MARKET, BY REGION, 2024-2029 (USD MILLION)

9 HEAT PUMP MARKET, BY REFRIGERANT

  • 9.1 INTRODUCTION
    • FIGURE 42 HEAT PUMP MARKET, BY REFRIGERANT, 2023
    • TABLE 55 HEAT PUMP MARKET, BY REFRIGERANT, 2019-2023 (USD MILLION)
    • TABLE 56 HEAT PUMP MARKET, BY REFRIGERANT, 2024-2029 (USD MILLION)
  • 9.2 R410A
    • 9.2.1 LOWEST CONTRIBUTION OF R410A REFRIGERANTS TO OZONE DEPLETION TO DRIVE DEMAND
    • TABLE 57 R410A: HEAT PUMP MARKET, BY REGION, 2019-2023 (USD MILLION)
    • TABLE 58 R410A: HEAT PUMP MARKET, BY REGION, 2024-2029 (USD MILLION)
  • 9.3 R407C
    • 9.3.1 INCREASED USE OF ECO-FRIENDLY REFRIGERANTS IN HEAT PUMPS TO FUEL DEMAND
    • TABLE 59 R407C: HEAT PUMP MARKET, BY REGION, 2019-2023 (USD MILLION)
    • TABLE 60 R407C: HEAT PUMP MARKET, BY REGION, 2024-2029 (USD MILLION)
  • 9.4 R744
    • 9.4.1 HIGH VOLUMETRIC COOLING CAPACITY OF R744 REFRIGERANTS TO DRIVE DEMAND
    • TABLE 61 R744: HEAT PUMP MARKET, BY REGION, 2019-2023 (USD MILLION)
    • TABLE 62 R744: HEAT PUMP MARKET, BY REGION, 2024-2029 (USD MILLION)
  • 9.5 R290
    • 9.5.1 EXPANDING RETROFIT MARKET FOR HEATING AND COOLING SYSTEMS TO DRIVE DEMAND
    • TABLE 63 R290: HEAT PUMP MARKET, BY REGION, 2019-2023 (USD MILLION)
    • TABLE 64 R290: HEAT PUMP MARKET, BY REGION, 2024-2029 (USD MILLION)
  • 9.6 R717
    • 9.6.1 EXCELLENT THERMODYNAMIC PROPERTIES AND ENVIRONMENTAL FRIENDLINESS TO DRIVE DEMAND
    • TABLE 65 R717: HEAT PUMP MARKET, BY REGION, 2019-2023 (USD MILLION)
    • TABLE 66 R717: HEAT PUMP MARKET, BY REGION, 2024-2029 (USD MILLION)
  • 9.7 OTHER REFRIGERANTS
    • TABLE 67 OTHER REFRIGERANTS: HEAT PUMP MARKET, BY REGION, 2019-2023 (USD MILLION)
    • TABLE 68 OTHER REFRIGERANTS: HEAT PUMP MARKET, BY REGION, 2024-2029 (USD MILLION)

10 HEAT PUMP MARKET, BY APPLICATION

  • 10.1 INTRODUCTION
    • FIGURE 43 HEAT PUMP MARKET, BY APPLICATION, 2023
    • TABLE 69 HEAT PUMP MARKET, BY APPLICATION, 2019-2023 (USD MILLION)
    • TABLE 70 HEAT PUMP MARKET, BY APPLICATION, 2024-2029 (USD MILLION)
  • 10.2 HEATING
    • TABLE 71 HEATING: HEAT PUMP MARKET, BY APPLICATION, 2019-2023 (USD MILLION)
    • TABLE 72 HEATING: HEAT PUMP MARKET, BY APPLICATION, 2024-2029 (USD MILLION)
    • TABLE 73 HEATING: HEAT PUMP MARKET, BY REGION, 2019-2023 (USD MILLION)
    • TABLE 74 HEATING: HEAT PUMP MARKET, BY REGION, 2024-2029 (USD MILLION)
    • 10.2.1 WATER HEATING
      • 10.2.1.1 Implementation of regulations and standards to improve energy efficiency of water heaters to drive demand
    • TABLE 75 WATER HEATING: HEAT PUMP MARKET FOR HEATING, BY REGION, 2019-2023 (USD MILLION)
    • TABLE 76 WATER HEATING: HEAT PUMP MARKET FOR HEATING, BY REGION, 2024-2029 (USD MILLION)
    • 10.2.2 DISTRICT AND SPACE HEATING
      • 10.2.2.1 Stringent building codes and standards to fuel demand for energy-efficient heating systems and drive market
    • TABLE 77 DISTRICT AND SPACE HEATING: HEAT PUMP MARKET FOR HEATING, BY REGION, 2019-2023 (USD MILLION)
    • TABLE 78 DISTRICT AND SPACE HEATING: HEAT PUMP MARKET FOR HEATING, BY REGION, 2024-2029 (USD MILLION)
  • 10.3 HEATING AND COOLING
    • 10.3.1 LONG-TERM COST SAVINGS ASSOCIATED WITH USE OF HEAT PUMPS FOR HEATING AND COOLING PURPOSES TO DRIVE DEMAND
    • TABLE 79 HEAT AND COOLING: HEAT PUMP MARKET, BY REGION, 2019-2023 (USD MILLION)
    • TABLE 80 HEATING AND COOLING: HEAT PUMP MARKET, BY REGION, 2024-2029 (USD MILLION)

11 HEAT PUMP MARKET, BY END USER

  • 11.1 INTRODUCTION
    • FIGURE 44 HEAT PUMP MARKET, BY END USER, 2023
    • TABLE 81 HEAT PUMP MARKET, BY END USER, 2019-2023 (USD MILLION)
    • TABLE 82 HEAT PUMP MARKET, BY END USER, 2024-2029 (USD MILLION)
  • 11.2 RESIDENTIAL
    • 11.2.1 GOVERNMENT INITIATIVES TO PROMOTE ENERGY EFFICIENCY TO DRIVE DEMAND
    • TABLE 83 RESIDENTIAL: HEAT PUMP MARKET, BY REGION, 2019-2023 (USD MILLION)
    • TABLE 84 RESIDENTIAL: HEAT PUMP MARKET, BY REGION, 2024-2029 (USD MILLION)
  • 11.3 COMMERCIAL
    • 11.3.1 RISE IN HIGH-TEMPERATURE HEATING REQUIREMENTS TO FUEL DEMAND
    • TABLE 85 COMMERCIAL: HEAT PUMP MARKET, BY REGION, 2019-2023 (USD MILLION)
    • TABLE 86 COMMERCIAL: HEAT PUMP MARKET, BY REGION, 2024-2029 (USD MILLION)
  • 11.4 INDUSTRIAL
    • 11.4.1 GROWING GLOBAL EMPHASIS ON SUSTAINABILITY AND REDUCING CARBON FOOTPRINTS TO DRIVE DEMAND
    • TABLE 87 INDUSTRIAL: HEAT PUMP MARKET, BY REGION, 2019-2023 (USD MILLION)
    • TABLE 88 INDUSTRIAL: HEAT PUMP MARKET, BY REGION, 2024-2029 (USD MILLION)

12 HEAT PUMP MARKET, BY REGION

  • 12.1 INTRODUCTION
    • FIGURE 45 EUROPEAN HEAT PUMP MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    • FIGURE 46 HEAT PUMP MARKET, BY REGION, 2023
    • TABLE 89 HEAT PUMP MARKET, BY REGION, 2019-2023 (USD MILLION)
    • TABLE 90 HEAT PUMP MARKET, BY REGION, 2023-2028 (USD MILLION)
    • TABLE 91 HEAT PUMP MARKET, BY REGION, 2019-2023 (MILLION UNITS)
    • TABLE 92 HEAT PUMP MARKET, BY REGION, 2024-2029 (MILLION UNITS)
  • 12.2 ASIA PACIFIC
    • FIGURE 47 ASIA PACIFIC: HEAT PUMP MARKET SNAPSHOT
    • 12.2.1 ASIA PACIFIC HEAT PUMP MARKET: RECESSION IMPACT
    • 12.2.2 BY TECHNOLOGY
    • TABLE 93 ASIA PACIFIC: HEAT PUMP MARKET, BY TECHNOLOGY, 2019-2023 (USD MILLION)
    • TABLE 94 ASIA PACIFIC: HEAT PUMP MARKET, BY TECHNOLOGY, 2024-2029 (USD MILLION)
    • 12.2.3 BY TYPE
    • TABLE 95 ASIA PACIFIC: HEAT PUMP MARKET, BY TYPE, 2019-2023 (USD MILLION)
    • TABLE 96 ASIA PACIFIC: HEAT PUMP MARKET, BY TYPE, 2024-2029 (USD MILLION)
    • 12.2.4 BY REFRIGERANT
    • TABLE 97 ASIA PACIFIC: HEAT PUMP MARKET, BY REFRIGERANT, 2019-2023 (USD MILLION)
    • TABLE 98 ASIA PACIFIC: HEAT PUMP MARKET, BY REFRIGERANT, 2024-2029 (USD MILLION)
    • 12.2.5 BY RATED CAPACITY
    • TABLE 99 ASIA PACIFIC: HEAT PUMP MARKET, BY RATED CAPACITY, 2019-2023 (USD MILLION)
    • TABLE 100 ASIA PACIFIC: HEAT PUMP MARKET, BY RATED CAPACITY, 2024-2029 (USD MILLION)
    • 12.2.6 BY END USER
    • TABLE 101 ASIA PACIFIC: HEAT PUMP MARKET, BY END USER, 2019-2023 (USD MILLION)
    • TABLE 102 ASIA PACIFIC: HEAT PUMP MARKET, BY END USER, 2024-2029 (USD MILLION)
    • 12.2.7 BY APPLICATION
    • TABLE 103 ASIA PACIFIC: HEAT PUMP MARKET, BY APPLICATION, 2019-2023 (USD MILLION)
    • TABLE 104 ASIA PACIFIC: HEAT PUMP MARKET, BY APPLICATION, 2024-2029 (USD MILLION)
    • TABLE 105 ASIA PACIFIC: HEAT PUMP MARKET FOR HEATING, BY APPLICATION, 2019-2023 (USD MILLION)
    • TABLE 106 ASIA PACIFIC: HEAT PUMP MARKET FOR HEATING, BY APPLICATION, 2024-2029 (USD MILLION)
    • 12.2.8 BY COUNTRY
    • TABLE 107 ASIA PACIFIC: HEAT PUMP MARKET, BY COUNTRY, 2019-2023 (USD MILLION)
    • TABLE 108 ASIA PACIFIC: HEAT PUMP MARKET, BY COUNTRY, 2024-2029 (USD MILLION)
      • 12.2.8.1 China
        • 12.2.8.1.1 Government focus on reducing pollution and increasing use of energy-efficient systems to fuel demand
      • 12.2.8.2 By rated capacity
    • TABLE 109 CHINA: HEAT PUMP MARKET, BY RATED CAPACITY, 2019-2023 (USD MILLION)
    • TABLE 110 CHINA: HEAT PUMP MARKET, BY RATED CAPACITY, 2024-2029 (USD MILLION)
        • 12.2.8.2.1 By End User
    • TABLE 111 CHINA: HEAT PUMP MARKET, BY END USER, 2019-2023 (USD MILLION)
    • TABLE 112 CHINA: HEAT PUMP MARKET, BY END USER, 2024-2029 (USD MILLION)
      • 12.2.8.3 India
        • 12.2.8.3.1 Rising use of renewable energy sources and increasing focus on minimizing carbon footprint to fuel market growth
        • 12.2.8.3.2 By Rated Capacity
    • TABLE 113 INDIA: HEAT PUMP MARKET, BY RATED CAPACITY, 2019-2023 (USD MILLION)
    • TABLE 114 INDIA: HEAT PUMP MARKET, BY RATED CAPACITY, 2024-2029 (USD MILLION)
        • 12.2.8.3.3 By End User
    • TABLE 115 INDIA: HEAT PUMP MARKET, BY END USER, 2019-2023 (USD MILLION)
    • TABLE 116 INDIA: HEAT PUMP MARKET, BY END USER, 2024-2029 (USD MILLION)
      • 12.2.8.4 Japan
        • 12.2.8.4.1 Ongoing energy conservation initiatives by government to drive market
        • 12.2.8.4.2 By Rated Capacity
    • TABLE 117 JAPAN: HEAT PUMP MARKET, BY RATED CAPACITY, 2019-2023 (USD MILLION)
    • TABLE 118 JAPAN: HEAT PUMP MARKET, BY RATED CAPACITY, 2024-2029 (USD MILLION)
        • 12.2.8.4.3 By End User
    • TABLE 119 JAPAN: HEAT PUMP MARKET, BY END USER, 2019-2023 (USD MILLION)
    • TABLE 120 JAPAN: HEAT PUMP MARKET, BY END USER, 2024-2029 (USD MILLION)
      • 12.2.8.5 South Korea
        • 12.2.8.5.1 High demand for energy-efficient and environmentally friendly heating solutions to drive market
        • 12.2.8.5.2 By Rated Capacity
    • TABLE 121 SOUTH KOREA: HEAT PUMP MARKET, BY RATED CAPACITY, 2019-2023 (USD MILLION)
    • TABLE 122 SOUTH KOREA: HEAT PUMP MARKET, BY RATED CAPACITY, 2024-2029 (USD MILLION)
        • 12.2.8.5.3 By End User
    • TABLE 123 SOUTH KOREA: HEAT PUMP MARKET, BY END USER, 2019-2023 (USD MILLION)
    • TABLE 124 SOUTH KOREA: HEAT PUMP MARKET, BY END USER, 2024-2029 (USD MILLION)
      • 12.2.8.6 Australia
        • 12.2.8.6.1 Favorable environmental conditions and focus on boosting renewable energy sector to drive market
        • 12.2.8.6.2 By Rated Capacity
    • TABLE 125 AUSTRALIA: HEAT PUMP MARKET, BY RATED CAPACITY, 2019-2023 (USD MILLION)
    • TABLE 126 AUSTRALIA: HEAT PUMP MARKET, BY RATED CAPACITY, 2024-2029 (USD MILLION)
        • 12.2.8.6.3 By End User
    • TABLE 127 AUSTRALIA: HEAT PUMP MARKET, BY END USER, 2019-2023 (USD MILLION)
    • TABLE 128 AUSTRALIA: HEAT PUMP MARKET, BY END USER, 2024-2029 (USD MILLION)
      • 12.2.8.7 Rest of Asia Pacific
        • 12.2.8.7.1 By Rated Capacity
    • TABLE 129 REST OF ASIA PACIFIC: HEAT PUMP MARKET, BY RATED CAPACITY, 2019-2023 (USD MILLION)
    • TABLE 130 REST OF ASIA PACIFIC: HEAT PUMP MARKET, BY RATED CAPACITY, 2024-2029 (USD MILLION)
        • 12.2.8.7.2 By End User
    • TABLE 131 REST OF ASIA PACIFIC: HEAT PUMP MARKET, BY END USER, 2019-2023 (USD MILLION)
    • TABLE 132 REST OF ASIA PACIFIC: HEAT PUMP MARKET, BY END USER, 2024-2029 (USD MILLION)
  • 12.3 EUROPE
    • FIGURE 48 EUROPE: HEAT PUMP MARKET SNAPSHOT
    • 12.3.1 EUROPEAN HEAT PUMP MARKET: RECESSION IMPACT
    • 12.3.2 BY TECHNOLOGY
    • TABLE 133 EUROPE: HEAT PUMP MARKET, BY TECHNOLOGY, 2019-2023 (USD MILLION)
    • TABLE 134 EUROPE: HEAT PUMP MARKET, BY TECHNOLOGY, 2024-2029 (USD MILLION)
    • 12.3.3 BY TYPE
    • TABLE 135 EUROPE: HEAT PUMP MARKET, BY TYPE, 2019-2023 (USD MILLION)
    • TABLE 136 EUROPE: HEAT PUMP MARKET, BY TYPE, 2024-2029 (USD MILLION)
    • 12.3.4 BY REFRIGERANT
    • TABLE 137 EUROPE: HEAT PUMP MARKET, BY REFRIGERANT, 2019-2023 (USD MILLION)
    • TABLE 138 EUROPE: HEAT PUMP MARKET, BY REFRIGERANT, 2024-2029 (USD MILLION)
    • 12.3.5 BY RATED CAPACITY
    • TABLE 139 EUROPE: HEAT PUMP MARKET, BY RATED CAPACITY, 2019-2023 (USD MILLION)
    • TABLE 140 EUROPE: HEAT PUMP MARKET, BY RATED CAPACITY, 2024-2029 (USD MILLION)
    • 12.3.6 BY END USER
    • TABLE 141 EUROPE: HEAT PUMP MARKET, BY END USER, 2019-2023 (USD MILLION)
    • TABLE 142 EUROPE: HEAT PUMP MARKET, BY END USER, 2024-2029 (USD MILLION)
    • 12.3.7 BY APPLICATION
    • TABLE 143 EUROPE: HEAT PUMP MARKET, BY APPLICATION, 2019-2023 (USD MILLION)
    • TABLE 144 EUROPE: HEAT PUMP MARKET, BY APPLICATION, 2024-2029 (USD MILLION)
    • TABLE 145 EUROPE: HEAT PUMP MARKET FOR HEATING, BY APPLICATION, 2019-2023 (USD MILLION)
    • TABLE 146 EUROPE: HEAT PUMP MARKET FOR HEATING, BY APPLICATION, 2024-2029 (USD MILLION)
    • 12.3.8 BY COUNTRY
    • TABLE 147 EUROPE: HEAT PUMP MARKET, BY COUNTRY, 2019-2023 (USD MILLION)
    • TABLE 148 EUROPE: HEAT PUMP MARKET, BY COUNTRY, 2024-2029 (USD MILLION)
      • 12.3.8.1 France
        • 12.3.8.1.1 Increased use of heating and cooling systems in residential, commercial, and industrial sectors to drive market
        • 12.3.8.1.2 By Rated Capacity
    • TABLE 149 FRANCE: HEAT PUMP MARKET, BY RATED CAPACITY, 2019-2023 (USD MILLION)
    • TABLE 150 FRANCE: HEAT PUMP MARKET, BY RATED CAPACITY, 2024-2029 (USD MILLION)
        • 12.3.8.1.3 By End User
    • TABLE 151 FRANCE: HEAT PUMP MARKET, BY END USER, 2019-2023 (USD MILLION)
    • TABLE 152 FRANCE: HEAT PUMP MARKET, BY END USER, 2024-2029 (USD MILLION)
      • 12.3.8.2 Italy
        • 12.3.8.2.1 Government-led schemes to increase installation of heat pumps to drive market
        • 12.3.8.2.2 By Rated Capacity
    • TABLE 153 ITALY: HEAT PUMP MARKET, BY RATED CAPACITY, 2019-2023 (USD MILLION)
    • TABLE 154 ITALY: HEAT PUMP MARKET, BY RATED CAPACITY, 2024-2029 (USD MILLION)
        • 12.3.8.2.3 By End User
    • TABLE 155 ITALY: HEAT PUMP MARKET, BY END USER, 2019-2023 (USD MILLION)
    • TABLE 156 ITALY: HEAT PUMP MARKET, BY END USER, 2024-2029 (USD MILLION)
      • 12.3.8.3 Germany
        • 12.3.8.3.1 Government focus on boosting adoption of heat pumps powered by renewable electricity for residential use to drive market
        • 12.3.8.3.2 By Rated Capacity
    • TABLE 157 GERMANY: HEAT PUMP MARKET, BY RATED CAPACITY, 2019-2023 (USD MILLION)
    • TABLE 158 GERMANY: HEAT PUMP MARKET, BY RATED CAPACITY, 2024-2029 (USD MILLION)
        • 12.3.8.3.3 By End User
    • TABLE 159 GERMANY: HEAT PUMP MARKET, BY END USER, 2019-2023 (USD MILLION)
    • TABLE 160 GERMANY: HEAT PUMP MARKET, BY END USER, 2024-2029 (USD MILLION)
      • 12.3.8.4 UK
        • 12.3.8.4.1 Expansion of residential sector and rise in domestic renewable heat generation to drive market
        • 12.3.8.4.2 By Rated Capacity
    • TABLE 161 UK: HEAT PUMP MARKET, BY RATED CAPACITY, 2019-2023 (USD MILLION)
    • TABLE 162 UK: HEAT PUMP MARKET, BY RATED CAPACITY, 2024-2029 (USD MILLION)
        • 12.3.8.4.3 By End User
    • TABLE 163 UK: HEAT PUMP MARKET, BY END USER, 2019-2023 (USD MILLION)
    • TABLE 164 UK: HEAT PUMP MARKET, BY END USER, 2024-2029 (USD MILLION)
      • 12.3.8.5 Spain
        • 12.3.8.5.1 Growing need to save energy by utilizing advanced technologies to drive demand
        • 12.3.8.5.2 By Rated Capacity
    • TABLE 165 SPAIN: HEAT PUMP MARKET, BY RATED CAPACITY, 2019-2023 (USD MILLION)
    • TABLE 166 SPAIN: HEAT PUMP MARKET, BY RATED CAPACITY, 2024-2029 (USD MILLION)
        • 12.3.8.5.3 By End User
    • TABLE 167 SPAIN: HEAT PUMP MARKET, BY END USER, 2019-2023 (USD MILLION)
    • TABLE 168 SPAIN: HEAT PUMP MARKET, BY END USER, 2024-2029 (USD MILLION)
      • 12.3.8.6 Rest of Europe
        • 12.3.8.6.1 By Rated Capacity
    • TABLE 169 REST OF EUROPE: HEAT PUMP MARKET, BY RATED CAPACITY, 2019-2023 (USD MILLION)
    • TABLE 170 REST OF EUROPE: HEAT PUMP MARKET, BY RATED CAPACITY, 2024-2029 (USD MILLION)
        • 12.3.8.6.2 By End User
    • TABLE 171 REST OF EUROPE: HEAT PUMP MARKET, BY END USER, 2019-2023 (USD MILLION)
    • TABLE 172 REST OF EUROPE: HEAT PUMP MARKET, BY END USER, 2024-2029 (USD MILLION)
  • 12.4 NORTH AMERICA
    • 12.4.1 NORTH AMERICAN HEAT PUMP MARKET: RECESSION IMPACT
    • 12.4.2 BY TECHNOLOGY
    • TABLE 173 NORTH AMERICA: HEAT PUMP MARKET, BY TECHNOLOGY, 2019-2023 (USD MILLION)
    • TABLE 174 NORTH AMERICA: HEAT PUMP MARKET, BY TECHNOLOGY, 2024-2029 (USD MILLION)
    • 12.4.3 BY TYPE
    • TABLE 175 NORTH AMERICA: HEAT PUMP MARKET, BY TYPE, 2019-2023 (USD MILLION)
    • TABLE 176 NORTH AMERICA: HEAT PUMP MARKET, BY TYPE, 2024-2029 (USD MILLION)
    • 12.4.4 BY REFRIGERANT
    • TABLE 177 NORTH AMERICA: HEAT PUMP MARKET, BY REFRIGERANT, 2019-2023 (USD MILLION)
    • TABLE 178 NORTH AMERICA: HEAT PUMP MARKET, BY REFRIGERANT, 2024-2029 (USD MILLION)
    • 12.4.5 BY RATED CAPACITY
    • TABLE 179 NORTH AMERICA: HEAT PUMP MARKET, BY RATED CAPACITY, 2019-2023 (USD MILLION)
    • TABLE 180 NORTH AMERICA: HEAT PUMP MARKET, BY RATED CAPACITY, 2024-2029 (USD MILLION)
    • 12.4.6 BY END USER
    • TABLE 181 NORTH AMERICA: HEAT PUMP MARKET, BY END USER, 2019-2023 (USD MILLION)
    • TABLE 182 NORTH AMERICA: HEAT PUMP MARKET, BY END USER, 2024-2029 (USD MILLION)
    • 12.4.7 BY APPLICATION
    • TABLE 183 NORTH AMERICA: HEAT PUMP MARKET, BY APPLICATION, 2019-2023 (USD MILLION)
    • TABLE 184 NORTH AMERICA: HEAT PUMP MARKET, BY APPLICATION, 2024-2029 (USD MILLION)
    • TABLE 185 NORTH AMERICA: HEAT PUMP MARKET FOR HEATING, BY APPLICATION, 2019-2023 (USD MILLION)
    • TABLE 186 NORTH AMERICA: HEAT PUMP MARKET FOR HEATING, BY APPLICATION, 2024-2029 (USD MILLION)
    • 12.4.8 BY COUNTRY
    • TABLE 187 NORTH AMERICA: HEAT PUMP MARKET, BY COUNTRY, 2019-2023 (USD MILLION)
    • TABLE 188 NORTH AMERICA: HEAT PUMP MARKET, BY COUNTRY, 2024-2029 (USD MILLION)
      • 12.4.8.1 US
        • 12.4.8.1.1 Increased demand for energy-efficient water heating and cooling systems in residential and commercial sectors to drive market
        • 12.4.8.1.2 By Rated Capacity
    • TABLE 189 US: HEAT PUMP MARKET, BY RATED CAPACITY, 2019-2023 (USD MILLION)
    • TABLE 190 US: HEAT PUMP MARKET, BY RATED CAPACITY, 2024-2029 (USD MILLION)
        • 12.4.8.1.3 By End User
    • TABLE 191 US: HEAT PUMP MARKET, BY END USER, 2019-2023 (USD MILLION)
    • TABLE 192 US: HEAT PUMP MARKET, BY END USER, 2024-2029 (USD MILLION)
      • 12.4.8.2 Canada
        • 12.4.8.2.1 Rising focus on adopting innovative technologies to reduce energy wastage and loss to drive demand
        • 12.4.8.2.2 By Rated Capacity
    • TABLE 193 CANADA: HEAT PUMP MARKET, BY RATED CAPACITY, 2019-2023 (USD MILLION)
    • TABLE 194 CANADA: HEAT PUMP MARKET, BY RATED CAPACITY, 2024-2029 (USD MILLION)
        • 12.4.8.2.3 By End User
    • TABLE 195 CANADA: HEAT PUMP MARKET, BY END USER, 2019-2023 (USD MILLION)
    • TABLE 196 CANADA: HEAT PUMP MARKET, BY END USER, 2024-2029 (USD MILLION)
  • 12.5 MIDDLE EAST & AFRICA
    • 12.5.1 MIDDLE EASTERN & AFRICAN HEAT PUMP MARKET: RECESSION IMPACT
    • 12.5.2 BY TECHNOLOGY
    • TABLE 197 MIDDLE EAST & AFRICA: HEAT PUMP MARKET, BY TECHNOLOGY, 2019-2023 (USD MILLION)
    • TABLE 198 MIDDLE EAST & AFRICA: HEAT PUMP MARKET, BY TECHNOLOGY, 2024-2029 (USD MILLION)
    • 12.5.3 BY TYPE
    • TABLE 199 MIDDLE EAST & AFRICA: HEAT PUMP MARKET, BY TYPE, 2019-2023 (USD MILLION)
    • TABLE 200 MIDDLE EAST & AFRICA: HEAT PUMP MARKET, BY TYPE, 2024-2029 (USD MILLION)
    • 12.5.4 BY REFRIGERANT
    • TABLE 201 MIDDLE EAST & AFRICA: HEAT PUMP MARKET, BY REFRIGERANT, 2019-2023 (USD MILLION)
    • TABLE 202 MIDDLE EAST & AFRICA: HEAT PUMP MARKET, BY REFRIGERANT, 2024-2029 (USD MILLION)
    • 12.5.5 BY RATED CAPACITY
    • TABLE 203 MIDDLE EAST & AFRICA: HEAT PUMP MARKET, BY RATED CAPACITY, 2019-2023 (USD MILLION)
    • TABLE 204 MIDDLE EAST & AFRICA: HEAT PUMP MARKET, BY RATED CAPACITY, 2024-2029 (USD MILLION)
    • 12.5.6 BY END USER
    • TABLE 205 MIDDLE EAST & AFRICA: HEAT PUMP MARKET, BY END USER, 2019-2023 (USD MILLION)
    • TABLE 206 MIDDLE EAST & AFRICA: HEAT PUMP MARKET, BY END USER, 2024-2029 (USD MILLION)
    • 12.5.7 BY APPLICATION
    • TABLE 207 MIDDLE EAST & AFRICA: HEAT PUMP MARKET, BY APPLICATION, 2019-2023 (USD MILLION)
    • TABLE 208 MIDDLE EAST & AFRICA: HEAT PUMP MARKET, BY APPLICATION, 2024-2029 (USD MILLION)
    • TABLE 209 MIDDLE EAST & AFRICA: HEAT PUMP MARKET FOR HEATING, BY APPLICATION, 2019-2023 (USD MILLION)
    • TABLE 210 MIDDLE EAST & AFRICA: HEAT PUMP MARKET FOR HEATING, BY APPLICATION, 2024-2029 (USD MILLION)
    • 12.5.8 BY COUNTRY
    • TABLE 211 MIDDLE EAST & AFRICA: HEAT PUMP MARKET, BY COUNTRY, 2019-2023 (USD MILLION)
    • TABLE 212 MIDDLE EAST & AFRICA: HEAT PUMP MARKET, BY COUNTRY, 2024-2029 (USD MILLION)
    • TABLE 213 GCC COUNTRIES: HEAT PUMP MARKET, BY COUNTRY, 2019-2023 (USD MILLION)
    • TABLE 214 GCC COUNTRIES: HEAT PUMP MARKET, BY COUNTRY, 2024-2029 (USD MILLION)
      • 12.5.8.1 GCC Countries
        • 12.5.8.1.1 Saudi Arabia
          • 12.5.8.1.1.1 Increasing investments in industrial sector to boost demand
          • 12.5.8.1.1.2 By Rated Capacity
    • TABLE 215 SAUDI ARABIA: HEAT PUMP MARKET, BY RATED CAPACITY, 2019-2023 (USD MILLION)
    • TABLE 216 SAUDI ARABIA: HEAT PUMP MARKET, BY RATED CAPACITY, 2024-2029 (USD MILLION)
          • 12.5.8.1.1.3 By End User
    • TABLE 217 SAUDI ARABIA: HEAT PUMP MARKET, BY END USER, 2019-2023 (USD MILLION)
    • TABLE 218 SAUDI ARABIA: HEAT PUMP MARKET, BY END USER, 2024-2029 (USD MILLION)
        • 12.5.8.1.2 UAE
          • 12.5.8.1.2.1 Growing social consciousness about sustainable and environmentally friendly practices to fuel demand
          • 12.5.8.1.2.2 By Rated Capacity
    • TABLE 219 UAE: HEAT PUMP MARKET, BY RATED CAPACITY, 2019-2023 (USD MILLION)
    • TABLE 220 UAE: HEAT PUMP MARKET, BY RATED CAPACITY, 2024-2029 (USD MILLION)
          • 12.5.8.1.2.3 By End User
    • TABLE 221 UAE: HEAT PUMP MARKET, BY END USER, 2019-2023 (USD MILLION)
    • TABLE 222 UAE: HEAT PUMP MARKET, BY END USER, 2024-2029 (USD MILLION)
        • 12.5.8.1.3 Rest of GCC countries
          • 12.5.8.1.3.1 By Rated Capacity
    • TABLE 223 REST OF GCC COUNTRIES: HEAT PUMP MARKET, BY RATED CAPACITY, 2019-2023 (USD MILLION)
    • TABLE 224 REST OF GCC COUNTRIES: HEAT PUMP MARKET, BY RATED CAPACITY, 2024-2029 (USD MILLION)
          • 12.5.8.1.3.2 By End User
    • TABLE 225 REST OF GCC COUNTRIES: HEAT PUMP MARKET, BY END USER, 2019-2023 (USD MILLION)
    • TABLE 226 REST OF GCC COUNTRIES: HEAT PUMP MARKET, BY END USER, 2024-2029 (USD MILLION)
      • 12.5.8.2 South Africa
        • 12.5.8.2.1 Increasing investments in different projects to drive demand
        • 12.5.8.2.2 By Rated Capacity
    • TABLE 227 SOUTH AFRICA: HEAT PUMP MARKET, BY RATED CAPACITY, 2019-2023 (USD MILLION)
    • TABLE 228 SOUTH AFRICA: HEAT PUMP MARKET, BY RATED CAPACITY, 2024-2029 (USD MILLION)
        • 12.5.8.2.3 By End User
    • TABLE 229 SOUTH AFRICA: HEAT PUMP MARKET, BY END USER, 2019-2023 (USD MILLION)
    • TABLE 230 SOUTH AFRICA: HEAT PUMP MARKET, BY END USER, 2024-2029 (USD MILLION)
      • 12.5.8.3 Rest of Middle East & Africa
        • 12.5.8.3.1 By Rated Capacity
    • TABLE 231 REST OF MIDDLE EAST & AFRICA: HEAT PUMP MARKET, BY RATED CAPACITY, 2019-2023 (USD MILLION)
    • TABLE 232 REST OF MIDDLE EAST & AFRICA: HEAT PUMP MARKET, BY RATED CAPACITY, 2024-2029 (USD MILLION)
        • 12.5.8.3.2 By End User
    • TABLE 233 REST OF MIDDLE EAST & AFRICA: HEAT PUMP MARKET, BY END USER, 2019-2023 (USD MILLION)
    • TABLE 234 REST OF MIDDLE EAST & AFRICA: HEAT PUMP MARKET, BY END USER, 2024-2029 (USD MILLION)
    • 12.5.9 LATIN AMERICA
    • 12.5.10 LATIN AMERICAN HEAT PUMP MARKET: RECESSION IMPACT
    • 12.5.11 BY TECHNOLOGY
    • TABLE 235 LATIN AMERICA: HEAT PUMP MARKET, BY TECHNOLOGY, 2019-2023 (USD MILLION)
    • TABLE 236 LATIN AMERICA: HEAT PUMP MARKET, BY TECHNOLOGY, 2024-2029 (USD MILLION)
    • 12.5.12 BY TYPE
    • TABLE 237 LATIN AMERICA: HEAT PUMP MARKET, BY TYPE, 2019-2023 (USD MILLION)
    • TABLE 238 LATIN AMERICA: HEAT PUMP MARKET, BY TYPE, 2024-2029 (USD MILLION)
    • 12.5.13 BY REFRIGERANT
    • TABLE 239 LATIN AMERICA: HEAT PUMP MARKET, BY REFRIGERANT, 2019-2023 (USD MILLION)
    • TABLE 240 LATIN AMERICA: HEAT PUMP MARKET, BY REFRIGERANT, 2024-2029 (USD MILLION)
    • 12.5.14 BY RATED CAPACITY
    • TABLE 241 LATIN AMERICA: HEAT PUMP MARKET, BY RATED CAPACITY, 2019-2023 (USD MILLION)
    • TABLE 242 LATIN AMERICA: HEAT PUMP MARKET, BY RATED CAPACITY, 2024-2029 (USD MILLION)
    • 12.5.15 BY END USER
    • TABLE 243 LATIN AMERICA: HEAT PUMP MARKET, BY END USER, 2019-2023 (USD MILLION)
    • TABLE 244 LATIN AMERICA: HEAT PUMP MARKET, BY END USER, 2024-2029 (USD MILLION)
    • 12.5.16 BY APPLICATION
    • TABLE 245 LATIN AMERICA: HEAT PUMP MARKET, BY APPLICATION, 2019-2023 (USD MILLION)
    • TABLE 246 LATIN AMERICA: HEAT PUMP MARKET, BY APPLICATION, 2024-2029 (USD MILLION)
    • TABLE 247 LATIN AMERICA: HEAT PUMP MARKET FOR HEATING, BY APPLICATION, 2019-2023 (USD MILLION)
    • TABLE 248 LATIN AMERICA: HEAT PUMP MARKET FOR HEATING, BY APPLICATION, 2024-2029 (USD MILLION)
    • 12.5.17 BY COUNTRY
    • TABLE 249 LATIN AMERICA: HEAT PUMP MARKET, BY COUNTRY, 2019-2023 (USD MILLION)
    • TABLE 250 LATIN AMERICA: HEAT PUMP MARKET, BY COUNTRY, 2024-2029 (USD MILLION)
      • 12.5.17.1 Brazil
        • 12.5.17.1.1 Climate considerations to fuel adoption
        • 12.5.17.1.2 By Rated Capacity
    • TABLE 251 BRAZIL: HEAT PUMP MARKET, BY RATED CAPACITY, 2019-2023 (USD MILLION)
    • TABLE 252 BRAZIL: HEAT PUMP MARKET, BY RATED CAPACITY, 2024-2029 (USD MILLION)
        • 12.5.17.1.3 By End User
    • TABLE 253 BRAZIL: HEAT PUMP MARKET, BY END USER, 2019-2023 (USD MILLION)
    • TABLE 254 BRAZIL: HEAT PUMP MARKET, BY END USER, 2024-2029 (USD MILLION)
      • 12.5.17.2 Mexico
        • 12.5.17.2.1 Energy-saving initiatives to drive demand
        • 12.5.17.2.2 By Rated Capacity
    • TABLE 255 MEXICO: HEAT PUMP MARKET, BY RATED CAPACITY, 2019-2023 (USD MILLION)
    • TABLE 256 MEXICO: HEAT PUMP MARKET, BY RATED CAPACITY, 2024-2029 (USD MILLION)
        • 12.5.17.2.3 By End User
    • TABLE 257 MEXICO: HEAT PUMP MARKET, BY END USER, 2019-2023 (USD MILLION)
    • TABLE 258 MEXICO: HEAT PUMP MARKET, BY END USER, 2024-2029 (USD MILLION)
      • 12.5.17.3 Rest of Latin America
        • 12.5.17.3.1 By Rated Capacity
    • TABLE 259 REST OF LATIN AMERICA: HEAT PUMP MARKET, BY RATED CAPACITY, 2019-2023 (USD MILLION)
    • TABLE 260 REST OF LATIN AMERICA: HEAT PUMP MARKET, BY RATED CAPACITY, 2024-2029 (USD MILLION)
        • 12.5.17.3.2 By End User
    • TABLE 261 REST OF LATIN AMERICA: HEAT PUMP MARKET, BY END USER, 2019-2023 (USD MILLION)
    • TABLE 262 REST OF LATIN AMERICA: HEAT PUMP MARKET, BY END USER, 2024-2029 (USD MILLION)

13 COMPETITIVE LANDSCAPE

  • 13.1 OVERVIEW
  • 13.2 STRATEGIES ADOPTED BY KEY PLAYERS, 2019-2023
    • TABLE 263 HEAT PUMP MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2019-2023
  • 13.3 MARKET SHARE ANALYSIS, 2022
    • FIGURE 49 HEAT PUMP MARKET: MARKET SHARE ANALYSIS, 2023
  • 13.4 MARKET EVALUATION FRAMEWORK, 2019-2023
    • TABLE 265 MARKET EVALUATION FRAMEWORK, 2019-2023
  • 13.5 REVENUE ANALYSIS, 2019-2023
    • FIGURE 50 HEAT PUMP MARKET: SEGMENTAL REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2019-2023
  • 13.6 COMPANY VALUATION AND FINANCIAL MATRIX, 2024
    • FIGURE 51 HEAT PUMP MARKET: COMPANY VALUATION, 2024
    • FIGURE 52 HEAT PUMP MARKET: FINANCIAL MATRIX, 2024
  • 13.7 COMPETITIVE SCENARIOS AND TRENDS
    • 13.7.1 PRODUCT LAUNCHES
    • TABLE 266 HEAT PUMP MARKET: PRODUCT LAUNCHES, FEBRUARY 2019-DECEMBER 2023
    • 13.7.2 DEALS
    • TABLE 267 HEAT PUMP MARKET: DEALS, JANUARY 2023-JANUARY 2024
    • 13.7.3 EXPANSIONS
    • TABLE 268 HEAT PUMP MARKET: EXPANSIONS, MAY 2022-NOVEMBER 2023
  • 13.8 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
    • 13.8.1 STARS
    • 13.8.2 EMERGING LEADERS
    • 13.8.3 PERVASIVE PLAYERS
    • 13.8.4 PARTICIPANTS
    • FIGURE 53 HEAT PUMP MARKET: COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
    • 13.8.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
      • 13.8.5.1 Product footprint
    • FIGURE 54 COMPANY PRODUCT FOOTPRINT
      • 13.8.5.2 Market footprint
    • FIGURE 55 COMPANY MARKET FOOTPRINT
      • 13.8.5.3 Regional footprint
    • TABLE 269 COMPANY REGION FOOTPRINT
      • 13.8.5.4 Technology footprint
    • TABLE 270 COMPANY TECHNOLOGY FOOTPRINT
      • 13.8.5.5 Type footprint
    • TABLE 271 COMPANY TYPE FOOTPRINT
      • 13.8.5.6 Rated capacity footprint
    • TABLE 272 COMPANY RATED CAPACITY FOOTPRINT
      • 13.8.5.7 Refrigerant footprint
    • TABLE 273 COMPANY REFRIGERANT FOOTPRINT
      • 13.8.5.8 End user footprint
    • TABLE 274 COMPANY END USER FOOTPRINT
      • 13.8.5.9 Application footprint
    • TABLE 275 COMPANY APPLICATION FOOTPRINT
  • 13.9 COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023
    • 13.9.1 PROGRESSIVE COMPANIES
    • 13.9.2 RESPONSIVE COMPANIES
    • 13.9.3 DYNAMIC COMPANIES
    • 13.9.4 STARTING BLOCKS
    • FIGURE 56 HEAT PUMP MARKET: COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023
    • 13.9.5 COMPETITIVE BENCHMARKING: START-UPS/SMES, 2023
      • 13.9.5.1 List of key start-ups/SMEs
    • TABLE 276 HEAT PUMP MARKET: LIST OF KEY START-UPS/SMES
      • 13.9.5.2 Regional footprint (Start-ups/SMEs)
    • TABLE 277 START-UP/SME REGION FOOTPRINT
      • 13.9.5.3 Technology footprint (Start-ups/SMEs)
    • TABLE 278 START-UP/SME TECHNOLOGY FOOTPRINT
      • 13.9.5.4 Type footprint (Start-ups/SMEs)
    • TABLE 279 START-UP/SME TYPE FOOTPRINT
      • 13.9.5.5 Rated capacity footprint (Start-ups/SMEs)
    • TABLE 280 START-UP/SME RATED CAPACITY FOOTPRINT
      • 13.9.5.6 Refrigerant footprint (Start-ups/SMEs)
    • TABLE 281 START-UP/SME REFRIGERANT FOOTPRINT
      • 13.9.5.7 End user footprint (Start-ups/SMEs)
    • TABLE 282 START-UP/SME END USER FOOTPRINT
      • 13.9.5.8 Application footprint (Start-ups/SMEs)
    • TABLE 283 START-UP/SME APPLICATION FOOTPRINT
  • 13.10 BRAND/PRODUCT COMPARISON
    • FIGURE 57 BRAND/PRODUCT COMPARISON

14 COMPANY PROFILES

  • (Business overview, Products/Services/Solutions offered, Recent Developments, MNM view)**
  • 14.1 KEY PLAYERS
    • 14.1.1 SAMSUNG
    • TABLE 284 SAMSUNG: COMPANY OVERVIEW
    • FIGURE 58 SAMSUNG: COMPANY SNAPSHOT
    • TABLE 285 SAMSUNG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 286 SAMSUNG: PRODUCT LAUNCHES
    • TABLE 287 SAMSUNG: DEALS
    • 14.1.2 DENSO CORPORATION
    • TABLE 288 DENSO CORPORATION: COMPANY OVERVIEW
    • FIGURE 59 DENSO CORPORATION: COMPANY SNAPSHOT
    • TABLE 289 DENSO CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 290 DENSO CORPORATION: OTHERS
    • 14.1.3 MIDEA
    • TABLE 291 MIDEA: COMPANY OVERVIEW
    • FIGURE 60 MIDEA: COMPANY SNAPSHOT
    • TABLE 292 MIDEA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 293 MIDEA: PRODUCT LAUNCHES
    • TABLE 294 MIDEA: DEALS
    • TABLE 295 MIDEA: OTHERS
    • 14.1.4 PANASONIC HOLDINGS CORPORATION
    • TABLE 296 PANASONIC HOLDINGS CORPORATION: COMPANY OVERVIEW
    • FIGURE 61 PANASONIC HOLDINGS CORPORATION: COMPANY SNAPSHOT
    • TABLE 297 PANASONIC HOLDINGS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 298 PANASONIC HOLDINGS CORPORATION: PRODUCT LAUNCHES
    • TABLE 299 PANASONIC HOLDINGS CORPORATION: DEALS
    • TABLE 300 PANASONIC HOLDINGS CORPORATION: OTHERS
    • 14.1.5 MITSUBISHI ELECTRIC CORPORATION
    • TABLE 301 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW
    • FIGURE 62 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
    • TABLE 302 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 303 MITSUBISHI ELECTRIC CORPORATION: PRODUCT LAUNCHES
    • TABLE 304 MITSUBISHI ELECTRIC CORPORATION: DEALS
    • TABLE 305 MITSUBISHI ELECTRIC CORPORATION: OTHERS
    • 14.1.6 LG ELECTRONICS
    • TABLE 306 LG ELECTRONICS: COMPANY OVERVIEW
    • FIGURE 63 LG ELECTRONICS: COMPANY SNAPSHOT
    • TABLE 307 LG ELECTRONICS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
    • TABLE 308 LG ELECTRONICS: PRODUCT LAUNCHES
    • TABLE 309 LG ELECTRONICS: DEALS
    • TABLE 310 LG ELECTRONICS: OTHERS
    • 14.1.7 LENNOX INTERNATIONAL INC.
    • TABLE 311 LENNOX INTERNATIONAL INC.: COMPANY OVERVIEW
    • FIGURE 64 LENNOX INTERNATIONAL INC.: COMPANY SNAPSHOT
    • TABLE 312 LENNOX INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 313 LENNOX INTERNATIONAL INC.: PRODUCT LAUNCHES
    • TABLE 314 LENNOX INTERNATIONAL INC.: DEALS
    • 14.1.8 FUJITSU GENERAL
    • TABLE 315 FUJITSU GENERAL: COMPANY OVERVIEW
    • FIGURE 65 FUJITSU GENERAL: COMPANY SNAPSHOT
    • TABLE 316 FUJITSU GENERAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 317 FUJITSU GENERAL: DEALS
    • 14.1.9 DAIKIN INDUSTRIES, LTD.
    • TABLE 318 DAIKIN INDUSTRIES, LTD.: COMPANY OVERVIEW
    • FIGURE 66 DAIKIN INDUSTRIES, LTD.: COMPANY SNAPSHOT
    • TABLE 319 DAIKIN INDUSTRIES, LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 320 DAIKIN INDUSTRIES, LTD.: PRODUCT LAUNCHES
    • TABLE 321 DAIKIN INDUSTRIES, LTD.: OTHERS
    • 14.1.10 CARRIER
    • TABLE 322 CARRIER: COMPANY OVERVIEW
    • FIGURE 67 CARRIER: COMPANY SNAPSHOT
    • TABLE 323 CARRIER: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 324 CARRIER: PRODUCT LAUNCHES
    • TABLE 325 CARRIER: DEALS
    • TABLE 326 CARRIER: OTHERS
    • 14.1.11 JOHNSON CONTROLS
    • TABLE 327 JOHNSON CONTROLS: COMPANY OVERVIEW
    • FIGURE 68 JOHNSON CONTROLS: COMPANY SNAPSHOT
    • TABLE 328 JOHNSON CONTROLS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 329 JOHNSON CONTROLS: PRODUCT LAUNCHES
    • TABLE 330 JOHNSON CONTROLS: DEALS
    • 14.1.12 THERMAX LIMITED
    • TABLE 331 THERMAX LIMITED: COMPANY OVERVIEW
    • FIGURE 69 THERMAX LIMITED: COMPANY SNAPSHOT
    • TABLE 332 THERMAX LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 333 THERMAX LIMITED: OTHERS
    • 14.1.13 GEA GROUP AKTIENGESELLSCHAFT
    • TABLE 334 GEA GROUP AKTIENGESELLSCHAFT: COMPANY OVERVIEW
    • FIGURE 70 GEA GROUP AKTIENGESELLSCHAFT: COMPANY SNAPSHOT
    • TABLE 335 GEA GROUP AKTIENGESELLSCHAFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 336 GEA GROUP AKTIENGESELLSCHAFT: OTHERS
    • 14.1.14 TRANE TECHNOLOGIES PLC
    • TABLE 337 TRANE TECHNOLOGIES PLC: COMPANY OVERVIEW
    • FIGURE 71 TRANE TECHNOLOGIES PLC: COMPANY SNAPSHOT
    • TABLE 338 TRANE TECHNOLOGIES PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 339 TRANE TECHNOLOGIES PLC: PRODUCT LAUNCHES
    • TABLE 340 TRANE TECHNOLOGIES PLC: DEALS
    • 14.1.15 BOSCH THERMOTECHNOLOGY CORP.
    • TABLE 341 BOSCH THERMOTECHNOLOGY CORP.: COMPANY OVERVIEW
    • TABLE 342 BOSCH THERMOTECHNOLOGY CORP.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
    • TABLE 343 BOSCH THERMOTECHNOLOGY CORP.: PRODUCT LAUNCHES
    • TABLE 344 BOSCH THERMOTECHNOLOGY CORP.: OTHERS
  • 14.2 OTHER PLAYERS
    • 14.2.1 GUANGZHOU SPRSUN NEW ENERGY TECHNOLOGY DEVELOPMENT CO.,LTD.
    • 14.2.2 GLEN DIMPLEX GROUP
    • 14.2.3 NIBE
    • 14.2.4 RHEEM MANUFACTURING COMPANY
    • 14.2.5 ENERGEN HYBRID SYSTEMS LIMITED
    • 14.2.6 EVO ENERGY TECHNOLOGIES
    • 14.2.7 NAMMASWADESHI
    • 14.2.8 ECO TECH SOLUTIONS
    • 14.2.9 DANDELION
    • 14.2.10 ZEALUX ELECTRIC LIMITED
  • *Details on Business overview, Products/Services/Solutions offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

15 APPENDIX

  • 15.1 INSIGHTS FROM INDUSTRY EXPERTS
  • 15.2 DISCUSSION GUIDE
  • 15.3 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 15.4 CUSTOMIZATION OPTIONS
  • 15.5 RELATED REPORTS
  • 15.6 AUTHOR DETAILS