空気熱源ヒートポンプの世界市場：製品タイプ別、用途別、価格帯別、地域別、機会、予測、2018年～2032年

世界の空気熱源ヒートポンプの市場規模は、2025年～2032年の予測期間中に7.16%のCAGRで拡大し、2024年の600億5,000万米ドルから2032年には1,044億2,000万米ドルに成長すると予測されています。世界各国政府は、化石燃料ベースの暖房に代わるクリーンな暖房としてASHP（空気熱源ヒートポンプ）を普及させるため、厳しいカーボンニュートラル目標を実施し、財政的インセンティブを提供しています。例えば、欧州では英国のボイラー・アップグレード・スキームやドイツのBEGプログラムなどの取り組みが先行し、米国ではインフレ抑制法に基づく税額控除が行われています。さらに、EUやニューヨーク市などではガスボイラーの使用が禁止されており、普及が加速しています。特にウクライナ戦争後のエネルギー価格の高騰は、性能係数（COP）が高くなり、従来のガスボイラーを大幅に上回るASHPの高効率をより魅力的なものにしています。

各国が地球温暖化係数の高い冷媒を段階的に廃止し、R290やR32のような環境に優しい代替冷媒に移行しているため、環境政策も主要な推進力となっています。EUの「建物のエネルギー性能に関する指令」やカリフォルニア州の「Title 24」などの建築基準法も、低炭素暖房システムを要求しており、ASHPの需要に拍車をかけています。技術革新もカギとなっており、寒冷地仕様の暖房機は低温でも優れた性能を発揮するようになり、スマートなハイブリッド・システムは太陽光発電などの再生可能エネルギー源と融合しています。例えば、2025年1月、イタリアのヒートポンプメーカーであるClivet S.p.A.は、商業ビル向けの新しい空気熱源ヒートポンプを発売しました。このヒートポンプは、コンプレッサーとファンにフルインバーター技術を採用し、広い動作範囲を持つため、さまざまな用途に対応できます。都市化とグリーンビルディングの建設が、新築や改修におけるASHPの導入を促進しています。エネルギー安全保障と持続可能性に対する消費者の意識の高まりは、二酸化炭素排出量を削減し、輸入化石燃料への依存を減らすために、住宅所有者と企業をASHPにますます向かわせています。高額な設備投資や設置の複雑さなどの課題はあるもの、電動化の動向や政策支援、ヒートポンプ技術の研究開発の継続などにより、市場は長期的な成長が見込まれています。

当レポートでは、世界の空気熱源ヒートポンプ市場について調査し、市場の概要とともに、製品タイプ別、用途別、価格帯別、地域別動向、および市場に参入する企業のプロファイルなどを提供しています。

目次

第1章 プロジェクトの範囲と定義

第2章 調査手法

第3章 米国の関税の影響

第4章 エグゼクティブサマリー

第5章 お客様の声

第6章 世界の空気熱源ヒートポンプ市場の見通し、2018年～2032年

• 市場規模分析と予測
• 市場シェア分析と予測
  • 製品タイプ別
    • ATW（Air to Water）
    • ATA（Air to Air）
  • 用途別
    • 住宅
    • 商業
    • 産業
  • 価格帯別
    • 大衆価格
    • 高価格
  • 地域別
    • 北米
    • 欧州
    • アジア太平洋
    • 南米
    • 中東・アフリカ
  • 企業別市場シェア分析（上位5社およびその他- 金額別、2024年）
• 2024年の市場マップ分析

第7章 北米の空気熱源ヒートポンプ市場の見通し、2018年～2032年

• 市場規模分析と予測
• 市場シェア分析と予測
• 国別市場評価
  • 米国
  • カナダ
  • メキシコ

第8章 欧州の空気熱源ヒートポンプ市場の見通し、2018年～2032年

• ドイツ
• フランス
• イタリア
• 英国
• ロシア
• オランダ
• スペイン
• ポーランド

第9章 アジア太平洋の空気熱源ヒートポンプ市場の見通し、2018年～2032年

• インド
• 中国
• 日本
• オーストラリア
• ベトナム
• 韓国
• インドネシア
• フィリピン

第10章 南米の空気熱源ヒートポンプ市場の見通し、2018年～2032年

• ブラジル
• アルゼンチン

第11章 中東・アフリカの空気熱源ヒートポンプ市場の見通し、2018年～2032年

• サウジアラビア
• アラブ首長国連邦
• 南アフリカ

第12章 需要供給分析

第13章 輸出入の分析

第14章 バリューチェーン分析

第15章 ポーターのファイブフォース分析

第16章 PESTLE分析

第17章 価格分析

第18章 市場力学

• 市場の促進要因
• 市場の課題

第19章 市場動向と発展

第20章 ケーススタディ

第21章 競合情勢

• 市場リーダートップ5の競合マトリックス
• 参入企業トップ5のSWOT分析
• 市場の主要企業トップ10の情勢
  • Daikin Industries, Ltd.
  • Mitsubishi Electric Corporation
  • Carrier Global Corporation
  • Robert Bosch GmbH
  • Lennox International Inc.
  • LG Electronics, Inc.
  • Midea Group
  • Panasonic Holdings Corporation
  • Samsung Electronics Co., Ltd.
  • Johnson Controls

第22章 戦略的提言

第23章 調査会社について・免責事項

List of Tables

• Table 1. Competition Matrix of Top 5 Market Leaders
• Table 2. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 3. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1. Global Air Source Heat Pump Market, By Value, in USD Billion, 2018-2032F
• Figure 2. Global Air Source Heat Pump Market, By Volume, in Thousand Units, 2018-2032F
• Figure 3. Global Air Source Heat Pump Market Share (%), By Product Type, 2018-2032F
• Figure 4. Global Air Source Heat Pump Market Share (%), By Application, 2018-2032F
• Figure 5. Global Air Source Heat Pump Market Share (%), By Price Range, 2018-2032F
• Figure 6. Global Air Source Heat Pump Market Share (%), By Region, 2018-2032F
• Figure 7. North America Air Source Heat Pump Market, By Value, in USD Billion, 2018-2032F
• Figure 8. North America Air Source Heat Pump Market, By Volume, in Thousand Units, 2018-2032F
• Figure 9. North America Air Source Heat Pump Market Share (%), By Product Type, 2018-2032F
• Figure 10. North America Air Source Heat Pump Market Share (%), By Application, 2018-2032F
• Figure 11. North America Air Source Heat Pump Market Share (%), By Price Range, 2018-2032F
• Figure 12. North America Air Source Heat Pump Market Share (%), By Country, 2018-2032F
• Figure 13. United States Air Source Heat Pump Market, By Value, in USD Billion, 2018-2032F
• Figure 14. United States Air Source Heat Pump Market, By Volume, in Thousand Units, 2018-2032F
• Figure 15. United States Air Source Heat Pump Market Share (%), By Product Type, 2018-2032F
• Figure 16. United States Air Source Heat Pump Market Share (%), By Application, 2018-2032F
• Figure 17. United States Air Source Heat Pump Market Share (%), By Price Range, 2018-2032F
• Figure 18. Canada Air Source Heat Pump Market, By Value, in USD Billion, 2018-2032F
• Figure 19. Canada Air Source Heat Pump Market, By Volume, in Thousand Units, 2018-2032F
• Figure 20. Canada Air Source Heat Pump Market Share (%), By Product Type, 2018-2032F
• Figure 21. Canada Air Source Heat Pump Market Share (%), By Application, 2018-2032F
• Figure 22. Canada Air Source Heat Pump Market Share (%), By Price Range, 2018-2032F
• Figure 23. Mexico Air Source Heat Pump Market, By Value, in USD Billion, 2018-2032F
• Figure 24. Mexico Air Source Heat Pump Market, By Volume, in Thousand Units, 2018-2032F
• Figure 25. Mexico Air Source Heat Pump Market Share (%), By Product Type, 2018-2032F
• Figure 26. Mexico Air Source Heat Pump Market Share (%), By Application, 2018-2032F
• Figure 27. Mexico Air Source Heat Pump Market Share (%), By Price Range, 2018-2032F
• Figure 28. Europe Air Source Heat Pump Market, By Value, in USD Billion, 2018-2032F
• Figure 29. Europe Air Source Heat Pump Market, By Volume, in Thousand Units, 2018-2032F
• Figure 30. Europe Air Source Heat Pump Market Share (%), By Product Type, 2018-2032F
• Figure 31. Europe Air Source Heat Pump Market Share (%), By Application, 2018-2032F
• Figure 32. Europe Air Source Heat Pump Market Share (%), By Price Range, 2018-2032F
• Figure 33. Europe Air Source Heat Pump Market Share (%), By Country, 2018-2032F
• Figure 34. Germany Air Source Heat Pump Market, By Value, in USD Billion, 2018-2032F
• Figure 35. Germany Air Source Heat Pump Market, By Volume, in Thousand Units, 2018-2032F
• Figure 36. Germany Air Source Heat Pump Market Share (%), By Product Type, 2018-2032F
• Figure 37. Germany Air Source Heat Pump Market Share (%), By Application, 2018-2032F
• Figure 38. Germany Air Source Heat Pump Market Share (%), By Price Range, 2018-2032F
• Figure 39. France Air Source Heat Pump Market, By Value, in USD Billion, 2018-2032F
• Figure 40. France Air Source Heat Pump Market, By Volume, in Thousand Units, 2018-2032F
• Figure 41. France Air Source Heat Pump Market Share (%), By Product Type, 2018-2032F
• Figure 42. France Air Source Heat Pump Market Share (%), By Application, 2018-2032F
• Figure 43. France Air Source Heat Pump Market Share (%), By Price Range, 2018-2032F
• Figure 44. Italy Air Source Heat Pump Market, By Value, in USD Billion, 2018-2032F
• Figure 45. Italy Air Source Heat Pump Market, By Volume, in Thousand Units, 2018-2032F
• Figure 46. Italy Air Source Heat Pump Market Share (%), By Product Type, 2018-2032F
• Figure 47. Italy Air Source Heat Pump Market Share (%), By Application, 2018-2032F
• Figure 48. Italy Air Source Heat Pump Market Share (%), By Price Range, 2018-2032F
• Figure 49. United Kingdom Air Source Heat Pump Market, By Value, in USD Billion, 2018-2032F
• Figure 50. United Kingdom Air Source Heat Pump Market, By Volume, in Thousand Units, 2018-2032F
• Figure 51. United Kingdom Air Source Heat Pump Market Share (%), By Product Type, 2018-2032F
• Figure 52. United Kingdom Air Source Heat Pump Market Share (%), By Application, 2018-2032F
• Figure 53. United Kingdom Air Source Heat Pump Market Share (%), By Price Range, 2018-2032F
• Figure 54. Russia Air Source Heat Pump Market, By Value, in USD Billion, 2018-2032F
• Figure 55. Russia Air Source Heat Pump Market, By Volume, in Thousand Units, 2018-2032F
• Figure 56. Russia Air Source Heat Pump Market Share (%), By Product Type, 2018-2032F
• Figure 57. Russia Air Source Heat Pump Market Share (%), By Application, 2018-2032F
• Figure 58. Russia Air Source Heat Pump Market Share (%), By Price Range, 2018-2032F
• Figure 59. Netherlands Air Source Heat Pump Market, By Value, in USD Billion, 2018-2032F
• Figure 60. Netherlands Air Source Heat Pump Market, By Volume, in Thousand Units, 2018-2032F
• Figure 61. Netherlands Air Source Heat Pump Market Share (%), By Product Type, 2018-2032F
• Figure 62. Netherlands Air Source Heat Pump Market Share (%), By Application, 2018-2032F
• Figure 63. Netherlands Air Source Heat Pump Market Share (%), By Price Range, 2018-2032F
• Figure 64. Spain Air Source Heat Pump Market, By Value, in USD Billion, 2018-2032F
• Figure 65. Spain Air Source Heat Pump Market, By Volume, in Thousand Units, 2018-2032F
• Figure 66. Spain Air Source Heat Pump Market Share (%), By Product Type, 2018-2032F
• Figure 67. Spain Air Source Heat Pump Market Share (%), By Application, 2018-2032F
• Figure 68. Spain Air Source Heat Pump Market Share (%), By Price Range, 2018-2032F
• Figure 69. Turkey Air Source Heat Pump Market, By Value, in USD Billion, 2018-2032F
• Figure 70. Turkey Air Source Heat Pump Market, By Volume, in Thousand Units, 2018-2032F
• Figure 71. Turkey Air Source Heat Pump Market Share (%), By Product Type, 2018-2032F
• Figure 72. Turkey Air Source Heat Pump Market Share (%), By Application, 2018-2032F
• Figure 73. Turkey Air Source Heat Pump Market Share (%), By Price Range, 2018-2032F
• Figure 74. Poland Air Source Heat Pump Market, By Value, in USD Billion, 2018-2032F
• Figure 75. Poland Air Source Heat Pump Market, By Volume, in Thousand Units, 2018-2032F
• Figure 76. Poland Air Source Heat Pump Market Share (%), By Product Type, 2018-2032F
• Figure 77. Poland Air Source Heat Pump Market Share (%), By Application, 2018-2032F
• Figure 78. Poland Air Source Heat Pump Market Share (%), By Price Range, 2018-2032F
• Figure 79. South America Air Source Heat Pump Market, By Value, in USD Billion, 2018-2032F
• Figure 80. South America Air Source Heat Pump Market, By Volume, in Thousand Units, 2018-2032F
• Figure 81. South America Air Source Heat Pump Market Share (%), By Product Type, 2018-2032F
• Figure 82. South America Air Source Heat Pump Market Share (%), By Application, 2018-2032F
• Figure 83. South America Air Source Heat Pump Market Share (%), By Price Range, 2018-2032F
• Figure 84. South America Air Source Heat Pump Market Share (%), By Country, 2018-2032F
• Figure 85. Brazil Air Source Heat Pump Market, By Value, in USD Billion, 2018-2032F
• Figure 86. Brazil Air Source Heat Pump Market, By Volume, in Thousand Units, 2018-2032F
• Figure 87. Brazil Air Source Heat Pump Market Share (%), By Product Type, 2018-2032F
• Figure 88. Brazil Air Source Heat Pump Market Share (%), By Application, 2018-2032F
• Figure 89. Brazil Air Source Heat Pump Market Share (%), By Price Range, 2018-2032F
• Figure 90. Argentina Air Source Heat Pump Market, By Value, in USD Billion, 2018-2032F
• Figure 91. Argentina Air Source Heat Pump Market, By Volume, in Thousand Units, 2018-2032F
• Figure 92. Argentina Air Source Heat Pump Market Share (%), By Product Type, 2018-2032F
• Figure 93. Argentina Air Source Heat Pump Market Share (%), By Application, 2018-2032F
• Figure 94. Argentina Air Source Heat Pump Market Share (%), By Price Range, 2018-2032F
• Figure 95. Asia-Pacific Air Source Heat Pump Market, By Value, in USD Billion, 2018-2032F
• Figure 96. Asia-Pacific Air Source Heat Pump Market, By Volume, in Thousand Units, 2018-2032F
• Figure 97. Asia-Pacific Air Source Heat Pump Market Share (%), By Product Type, 2018-2032F
• Figure 98. Asia-Pacific Air Source Heat Pump Market Share (%), By Application, 2018-2032F
• Figure 99. Asia-Pacific Air Source Heat Pump Market Share (%), By Price Range, 2018-2032F
• Figure 100. Asia-Pacific Air Source Heat Pump Market Share (%), By Country, 2018-2032F
• Figure 101. India Air Source Heat Pump Market, By Value, in USD Billion, 2018-2032F
• Figure 102. India Air Source Heat Pump Market, By Volume, in Thousand Units, 2018-2032F
• Figure 103. India Air Source Heat Pump Market Share (%), By Product Type, 2018-2032F
• Figure 104. India Air Source Heat Pump Market Share (%), By Application, 2018-2032F
• Figure 105. India Air Source Heat Pump Market Share (%), By Price Range, 2018-2032F
• Figure 106. China Air Source Heat Pump Market, By Value, in USD Billion, 2018-2032F
• Figure 107. China Air Source Heat Pump Market, By Volume, in Thousand Units, 2018-2032F
• Figure 108. China Air Source Heat Pump Market Share (%), By Product Type, 2018-2032F
• Figure 109. China Air Source Heat Pump Market Share (%), By Application, 2018-2032F
• Figure 110. China Air Source Heat Pump Market Share (%), By Price Range, 2018-2032F
• Figure 111. Japan Air Source Heat Pump Market, By Value, in USD Billion, 2018-2032F
• Figure 112. Japan Air Source Heat Pump Market, By Volume, in Thousand Units, 2018-2032F
• Figure 113. Japan Air Source Heat Pump Market Share (%), By Product Type, 2018-2032F
• Figure 114. Japan Air Source Heat Pump Market Share (%), By Application, 2018-2032F
• Figure 115. Japan Air Source Heat Pump Market Share (%), By Price Range, 2018-2032F
• Figure 116. Australia Air Source Heat Pump Market, By Value, in USD Billion, 2018-2032F
• Figure 117. Australia Air Source Heat Pump Market, By Volume, in Thousand Units, 2018-2032F
• Figure 118. Australia Air Source Heat Pump Market Share (%), By Product Type, 2018-2032F
• Figure 119. Australia Air Source Heat Pump Market Share (%), By Application, 2018-2032F
• Figure 120. Australia Air Source Heat Pump Market Share (%), By Price Range, 2018-2032F
• Figure 121. Vietnam Air Source Heat Pump Market, By Value, in USD Billion, 2018-2032F
• Figure 122. Vietnam Air Source Heat Pump Market, By Volume, in Thousand Units, 2018-2032F
• Figure 123. Vietnam Air Source Heat Pump Market Share (%), By Product Type, 2018-2032F
• Figure 124. Vietnam Air Source Heat Pump Market Share (%), By Application, 2018-2032F
• Figure 125. Vietnam Air Source Heat Pump Market Share (%), By Price Range, 2018-2032F
• Figure 126. South Korea Air Source Heat Pump Market, By Value, in USD Billion, 2018-2032F
• Figure 127. South Korea Air Source Heat Pump Market, By Volume, in Thousand Units, 2018-2032F
• Figure 128. South Korea Air Source Heat Pump Market Share (%), By Product Type, 2018-2032F
• Figure 129. South Korea Air Source Heat Pump Market Share (%), By Application, 2018-2032F
• Figure 130. South Korea Air Source Heat Pump Market Share (%), By Price Range, 2018-2032F
• Figure 131. Indonesia Air Source Heat Pump Market, By Value, in USD Billion, 2018-2032F
• Figure 132. Indonesia Air Source Heat Pump Market, By Volume, in Thousand Units, 2018-2032F
• Figure 133. Indonesia Air Source Heat Pump Market Share (%), By Product Type, 2018-2032F
• Figure 134. Indonesia Air Source Heat Pump Market Share (%), By Application, 2018-2032F
• Figure 135. Indonesia Air Source Heat Pump Market Share (%), By Price Range, 2018-2032F
• Figure 136. Philippines Air Source Heat Pump Market, By Value, in USD Billion, 2018-2032F
• Figure 137. Philippines Air Source Heat Pump Market, By Volume, in Thousand Units, 2018-2032F
• Figure 138. Philippines Air Source Heat Pump Market Share (%), By Product Type, 2018-2032F
• Figure 139. Philippines Air Source Heat Pump Market Share (%), By Application, 2018-2032F
• Figure 140. Philippines Air Source Heat Pump Market Share (%), By Price Range, 2018-2032F
• Figure 141. Middle East & Africa Air Source Heat Pump Market, By Value, in USD Billion, 2018-2032F
• Figure 142. Middle East & Africa Air Source Heat Pump Market, By Volume, in Thousand Units, 2018-2032F
• Figure 143. Middle East & Africa Air Source Heat Pump Market Share (%), By Product Type, 2018-2032F
• Figure 144. Middle East & Africa Air Source Heat Pump Market Share (%), By Application, 2018-2032F
• Figure 145. Middle East & Africa Air Source Heat Pump Market Share (%), By Price Range, 2018-2032F
• Figure 146. Middle East & Africa Air Source Heat Pump Market Share (%), By Country, 2018-2032F
• Figure 147. Saudi Arabia Air Source Heat Pump Market, By Value, in USD Billion, 2018-2032F
• Figure 148. Saudi Arabia Air Source Heat Pump Market, By Volume, in Thousand Units, 2018-2032F
• Figure 149. Saudi Arabia Air Source Heat Pump Market Share (%), By Product Type, 2018-2032F
• Figure 150. Saudi Arabia Air Source Heat Pump Market Share (%), By Application, 2018-2032F
• Figure 151. Saudi Arabia Air Source Heat Pump Market Share (%), By Price Range, 2018-2032F
• Figure 152. UAE Air Source Heat Pump Market, By Value, in USD Billion, 2018-2032F
• Figure 153. UAE Air Source Heat Pump Market, By Volume, in Thousand Units, 2018-2032F
• Figure 154. UAE Air Source Heat Pump Market Share (%), By Product Type, 2018-2032F
• Figure 155. UAE Air Source Heat Pump Market Share (%), By Application, 2018-2032F
• Figure 156. UAE Air Source Heat Pump Market Share (%), By Price Range, 2018-2032F
• Figure 157. South Africa Air Source Heat Pump Market, By Value, in USD Billion, 2018-2032F
• Figure 158. South Africa Air Source Heat Pump Market, By Volume, in Thousand Units, 2018-2032F
• Figure 159. South Africa Air Source Heat Pump Market Share (%), By Product Type, 2018-2032F
• Figure 160. South Africa Air Source Heat Pump Market Share (%), By Application, 2018-2032F
• Figure 161. South Africa Air Source Heat Pump Market Share (%), By Price Range, 2018-2032F
• Figure 162. By Product Type Map-Market Size (USD Billion) & Growth Rate (%), 2024
• Figure 163. By Application Map-Market Size (USD Billion) & Growth Rate (%), 2024
• Figure 164. By Price Range Map-Market Size (USD Billion) & Growth Rate (%),
• Figure 165. 2024
• Figure 166. By Region Map-Market Size (USD Billion) & Growth Rate (%), 2024

Global air source heat pump market is projected to witness a CAGR of 7.16% during the forecast period 2025-2032, growing from USD 60.05 billion in 2024 to USD 104.42 billion in 2032F, owing to government policies, rising energy costs, environmental concerns, and technological advancements. Governments worldwide are implementing strict carbon neutrality goals and offering financial incentives to promote ASHPs (Air Source Heat Pump) as a clean alternative to fossil fuel-based heating. For instance, Europe leads with initiatives such as the UK's Boiler Upgrade Scheme and Germany's BEG program, while the U.S. provides tax credits under the Inflation Reduction Act. Additionally, bans on gas boilers in countries such as the EU and New York City are accelerating adoption. Rising energy prices, particularly after the Ukraine war, have made ASHPs more attractive due to their high efficiency, with coefficients of performance (COP) reaching higher, significantly outperforming traditional gas boilers.

Environmental policies are another main driver, as nations phase out high-global-warming-potential refrigerants and move toward environmentally friendly alternatives such as R290 and R32. Building codes, including the EU's Directive on the Energy Performance of Buildings and California's Title 24, also require low-carbon heating systems, fueling ASHP demand. Technological innovation has also been key, with cold-climate units now performing well in low temperatures, and smart, hybrid systems converging with renewable energy sources such as solar PV. For instance, in January 2025, Clivet S.p.A., an Italian heat pump manufacturer, launched a new air-source heat pump for applications in commercial buildings. The heat pump meets different kinds of applications due to full inverter technology on compressors and fans, and a wide operating envelope. Urbanization and building green buildings are driving ASHP installations in new constructions and retrofits. Rising consumer consciousness of energy security and sustainability is increasingly driving homeowners and businesses towards ASHPs for saving carbon footprints and reducing reliance on imported fossil fuels. Despite challenges such as high capital expenditures and installation complexity, the market is expected to have long-term growth with support from trends of electrification, policy support, and ongoing research and development in heat pump technology.

Rising Energy Costs and Energy Efficiency Drive the Global Air Source Heat Pump Market Demand

The rise in energy prices worldwide, combined with increasing demand for energy-efficient technologies, is driving the adoption of air source heat pumps (ASHPs) very strongly. With electricity and fossil fuel prices remaining unstable due to geopolitical conflicts and supply chain issues, consumers and businesses are moving towards ASHPs as an affordable alternative to conventional gas and oil boiler heating systems. In contrast to traditional boilers, which have a standard 70-90% efficiency rate, ASHPs operate at 300-400% efficiency by recovering more heat energy from the air than the electricity used. This higher energy efficiency equates to long-term savings on utility bills, making ASHPs worthwhile investment despite higher initial expenses. Technological innovation, such as cold-climate ASHPs and smart, hybrid systems, is also driving market growth by enabling better performance in harsh climates and coupling with renewable energy sources. As energy security issues and environmental consciousness increase, demand for ASHPs will continue to grow, further cementing their position as a primary solution for the global shift to efficient, low-carbon heating and cooling.

For instance, in February 2025, Carrier Global Corporation, a heating solutions company based in the US, announced its latest AquaSnap 61AQ heat pump system. This innovative system can provide high-temperature heating of up to 75 degrees Celsius, even when outdoor temperatures drop to as low as -7 degrees Celsius. The new heat pump comes in a variety of capacities, ranging from 40 kW to 140 kW.

Government Policies and Incentives Expand the Global Air Source Heat Pump Market Size

Governments across the globe are taking a leading role in promoting the adoption of air source heat pumps (ASHPs) through strong policy packages and financial support, significantly increasing the market size. In Europe, efforts such as the REPowerEU plan and country programs such as the UK's Boiler Upgrade Scheme (with a capital grant of USD 8563.01) and Germany's BEG subsidies are fueling mass deployment of ASHPs as part of Europe's ambitious decarbonization drive. Likewise, the U.S. Inflation Reduction Act offers generous tax credits for 30% of installation fees (up to USD 2000), and China's Clean Heating Plan keeps driving demand with provincial subsidies in the north. All this policy action is supported by increasingly tough building codes requiring low-carbon heating solutions. The municipal bans on gas hookups in cities such as New York are generating regulatory tailwinds for ASHP adoption. These interventions create not only demand for consumer purchases but also stimulus for industry innovation, which leads to technologies such as ultra-efficient cold-climate models and smart grid-enabled systems. Convergence of climate goals with economic incentives provides a compelling growth drive for the ASHP market.

For instance, in May 2025, A team of researchers from Beijing University of Civil Engineering and Architecture in China came up with an innovative control strategy for managing variable water temperatures and flow rates in PV-driven heat pumps, to boost energy efficiency and enhance overall system performance. The coupling mode of solar PV and ASHPs, and the control optimization method of ASHPs.

Air to Water Type Dominates the Global Air Source Heat Pump Market Share

The air-to-water (ATW) heat pump market is proving to be a dominating segment in the global air source heat pump market, due to its distinct capability of retrofitting into already installed water-based heating systems with greater energy efficiency. In contrast to traditional air-to-air designs, ATW heat pumps exchange exterior heat with hydronic systems, which makes them well-suited for radiant floor heating, radiators, and generation of domestic hot water, especially in areas such as Europe and North America where water-based heating networks are common. Their retrofit design enables homeowners and businesses to shift from fossil fuel boilers without requiring the redesign of whole heating systems, which facilitates faster growth in energy renovation activities. Technological developments, such as enhanced cold-season performance and smart, multifunctional solutions that can offer heating, cooling, and hot water, are also contributing to market growth. As companies launch quieter, smaller, and networked ATW heat pumps, this area is expected to beat the overall ASHP market growth, solidifying its position as a catalyst for building electrification and green heating globally.

For instance, in January 2025, Carrier Global Corporation, a heating solutions company based in the U.S., rolled out a new line of air-to-water heat pumps ranging from 4 to 14 kW. These pumps boast an impressive coefficient of performance of up to 4.90. They utilize propane as a refrigerant and can achieve a leaving water temperature of 75 degrees Celsius.

Europe Leads the Global Air Source Heat Pump Market

Europe has emerged as the leader in the global air source heat pump (ASHP) market, driven by aggressive decarbonization policies, robust government incentives, and a strong push to phase out fossil fuel-based heating systems. The region accounted for the largest share of global ASHP installations, with countries such as Germany, France, and the Nordic nations spearheading adoption. This leadership position stems from Europe's comprehensive policy framework, including the REPowerEU plan, which aims to deploy 60 million heat pumps by 2030 as part of the bloc's energy independence and climate goals. Several key factors reinforce Europe's market dominance. Stringent building regulations and national bans on gas and oil boilers like those in Norway, Denmark, and the Netherlands create a favorable environment for ASHP growth. Financial incentives also play a pivotal role, with countries offering grants, tax rebates, and subsidies to lower upfront costs. Additionally, Europe's mature HVAC infrastructure and high consumer awareness of energy efficiency accelerate ASHP adoption. As the energy crisis and climate commitments continue to drive the transition away from fossil fuels, Europe is expected to maintain its leadership in the global ASHP market, setting benchmarks for other regions in policy implementation and market growth.

For instance, in April 2025, RHOSS S.P.A., a company based in Sweden, specializing in developing air conditioning systems, rolled out a new packaged reversible air-cooled heat pump system designed for both heating and cooling in commercial and industrial settings. According to the company, this innovative product comes in two models: the T Version, which focuses on high performance and energy efficiency, and the "super silent" Q Version, crafted specifically for spaces where acoustic comfort is key.

Impact of the U.S. Tariffs on Global Air Source Heat Pump Market

The U.S. government's recent imposition of higher tariffs on imported air source heat pumps (ASHPs), particularly targeting Chinese manufacturers, is reshaping global market dynamics. These trade barriers, being part of broader efforts to boost domestic clean energy manufacturing, are creating both challenges and opportunities across the industry.

Chinese manufacturers face tariffs on units exported to the U.S., raising prices for American consumers. Installers and distributors may experience short-term shortages as supply chains adjust.

Companies are exploring localized production in Southeast Asia or Mexico to bypass tariffs.

Key Players Landscape and Outlook

The global air source heat pump (ASHP) market features a dynamic competitive landscape dominated by established HVAC leaders, regional specialists, and emerging innovators, all driving technological advancements and market expansion. Japanese giants lead in technological innovation with high-efficiency residential and commercial systems. The U.S. based Carrier Global Corporation is capitalizing on domestic manufacturing incentives under the Inflation Reduction Act (IRA) to expand its GreenSpeed heat pump series, while European players are strengthening their positions through advanced air-to-water systems and smart HVAC solutions tailored to EU decarbonization policies. Meanwhile, Chinese manufacturers previously dominant in low-cost, high-volume production are adapting to U.S. tariffs by redirecting focus toward European and emerging markets. Looking ahead, the ASHP market is poised for robust growth, fueled by government subsidies, cold-climate technological breakthroughs, and the global electrification wave replacing gas boilers. Challenges such as high upfront costs, supply chain disruptions from geopolitical tensions, and a shortage of skilled installers may temporarily hinder progress in some regions. Ultimately, the competitive edge will go to companies that successfully combine technological leadership with localized production strategies and smart energy integration.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Impact of U.S. Tariffs

4. Executive Summary

5. Voice of Customers

• 5.1. Respondent Demographics
• 5.2. Brand Awareness
• 5.3. Factors Considered in Purchase Decisions
• 5.4. Challenges Faced Post Purchase
• 5.5. Preferred Distribution Channel
• 5.6. Frequency of Purchase

6. Global Air Source Heat Pump Market Outlook, 2018-2032F

• 6.1. Market Size Analysis & Forecast
  • 6.1.1. By Value
  • 6.1.2. By Volume
• 6.2. Market Share Analysis & Forecast
  • 6.2.1. By Product Type
    • 6.2.1.1. Air to Water
    • 6.2.1.2. Air to Air
  • 6.2.2. By Application
    • 6.2.2.1. Residential
    • 6.2.2.2. Commercial
    • 6.2.2.3. Industrial
  • 6.2.3. By Price Range
    • 6.2.3.1. Mass
    • 6.2.3.2. Premium
  • 6.2.4. By Region
    • 6.2.4.1. North America
    • 6.2.4.2. Europe
    • 6.2.4.3. Asia-Pacific
    • 6.2.4.4. South America
    • 6.2.4.5. Middle East and Africa
  • 6.2.5. By Company Market Share Analysis (Top 5 Companies and Others - By Value, 2024)
• 6.3. Market Map Analysis, 2024
  • 6.3.1. By Product Type
  • 6.3.2. By Application
  • 6.3.3. By Price Range
  • 6.3.4. By Region

7. North America Air Source Heat Pump Market Outlook, 2018-2032F

• 7.1. Market Size Analysis & Forecast
  • 7.1.1. By Value
  • 7.1.2. By Volume
• 7.2. Market Share Analysis & Forecast
  • 7.2.1. By Product Type
    • 7.2.1.1. Air to Water
    • 7.2.1.2. Air to Air
  • 7.2.2. By Application
    • 7.2.2.1. Residential
    • 7.2.2.2. Commercial
    • 7.2.2.3. Industrial
  • 7.2.3. By Price Range
    • 7.2.3.1. Mass
    • 7.2.3.2. Premium
  • 7.2.4. By Country Share
    • 7.2.4.1. United States
    • 7.2.4.2. Canada
    • 7.2.4.3. Mexico
• 7.3. Country Market Assessment
  • 7.3.1. United States Air Source Heat Pump Market Outlook, 2018-2032F*
    • 7.3.1.1. Market Size Analysis & Forecast
      • 7.3.1.1.1. By Value
      • 7.3.1.1.2. By Volume
    • 7.3.1.2. Market Share Analysis & Forecast
      • 7.3.1.2.1. By Product Type
        • 7.3.1.2.1.1. Air to Water
        • 7.3.1.2.1.2. Air to Air
      • 7.3.1.2.2. By Application
        • 7.3.1.2.2.1. Residential
        • 7.3.1.2.2.2. Commercial
        • 7.3.1.2.2.3. Industrial
      • 7.3.1.2.3. By Price Range
        • 7.3.1.2.3.1. Mass
        • 7.3.1.2.3.2. Premium
  • 7.3.2. Canada
  • 7.3.3. Mexico

All segments will be provided for all regions and countries covered

8. Europe Air Source Heat Pump Market Outlook, 2018-2032F

• 8.1. Germany
• 8.2. France
• 8.3. Italy
• 8.4. United Kingdom
• 8.5. Russia
• 8.6. Netherlands
• 8.7. Spain
• 8.8. Poland

9. Asia-Pacific Air Source Heat Pump Market Outlook, 2018-2032F

• 9.1. India
• 9.2. China
• 9.3. Japan
• 9.4. Australia
• 9.5. Vietnam
• 9.6. South Korea
• 9.7. Indonesia
• 9.8. Philippines

10. South America Air Source Heat Pump Market Outlook, 2018-2032F

• 10.1. Brazil
• 10.2. Argentina

11. Middle East and Africa Air Source Heat Pump Market Outlook, 2018-2032F

• 11.1. Saudi Arabia
• 11.2. UAE
• 11.3. South Africa

12. Demand Supply Analysis

13. Import and Export Analysis

14. Value Chain Analysis

15. Porter's Five Forces Analysis

16. PESTLE Analysis

17. Pricing Analysis

18. Market Dynamics

• 18.1. Market Drivers
• 18.2. Market Challenges

19. Market Trends and Developments

20. Case Studies

21. Competitive Landscape

• 21.1. Competition Matrix of Top 5 Market Leaders
• 21.2. SWOT Analysis for Top 5 Players
• 21.3. Key Players Landscape for Top 10 Market Players
  • 21.3.1. Daikin Industries, Ltd.
    • 21.3.1.1. Company Details
    • 21.3.1.2. Key Management Personnel
    • 21.3.1.3. Key Products Offered
    • 21.3.1.4. Key Financials (As Reported)
    • 21.3.1.5. Key Market Focus and Geographical Presence
    • 21.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisitions
  • 21.3.2. Mitsubishi Electric Corporation
  • 21.3.3. Carrier Global Corporation
  • 21.3.4. Robert Bosch GmbH
  • 21.3.5. Lennox International Inc.
  • 21.3.6. LG Electronics, Inc.
  • 21.3.7. Midea Group
  • 21.3.8. Panasonic Holdings Corporation
  • 21.3.9. Samsung Electronics Co., Ltd.
  • 21.3.10. Johnson Controls

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

22. Strategic Recommendations

23. About Us and Disclaimer