Heat Pumps Market

A Heat Pump is a device that provides heat energy from a source of heat to a destination called a "heat sink". Heat pumps are designed to move thermal energy opposite to the direction of spontaneous heat flow by absorbing heat from a cold space and releasing it to a warmer one. A heat pump uses some amount of external power to accomplish the work of transferring energy from the heat source to the heat sink.

Heat Pumps Market contains market size and forecasts of Heat Pumps in global, including the following market information:

Global Heat Pumps Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Heat Pumps Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five Heat Pumps companies in 2021 (%)

The global Heat Pumps market was valued at 8337.6 million in 2021 and is projected to reach US$ 11860 million by 2028, at a CAGR of 5.2% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Air to Water Monobloc Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Heat Pumps include Daikin, Mitsubishi, Atlantic, NIBE Industrier, Hitachi, Bosch, Panasonic, Aermec and STIEBEL ELTRON, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Heat Pumps manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Heat Pumps Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Heat Pumps Market Segment Percentages, by Type, 2021 (%)

Air to Water Monobloc

Air to Water Cylinder

Ground/Water to Water

Air to Water Split

Exhaust Air

Global Heat Pumps Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Heat Pumps Market Segment Percentages, by Application, 2021 (%)

Residential Heat Pumps

Industrial Heat Pumps

Commercial Heat Pumps

Global Heat Pumps Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Heat Pumps Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Heat Pumps revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Heat Pumps revenues share in global market, 2021 (%)

Key companies Heat Pumps sales in global market, 2017-2022 (Estimated), (K Units)

Key companies Heat Pumps sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Daikin

Mitsubishi

Atlantic

NIBE Industrier

Hitachi

Bosch

Panasonic

Aermec

STIEBEL ELTRON

CIAT

Fujitsu

Vaillant

Danfoss Group

Carrier

Rheem

Johnson Controls

Calorex

Kensa

Maritime Geothermal

Thermia

ClimateMaster

Bryant

Midea

GREE Electric

Sirac

Anywhere

Fuerda

Tongyi Electrical

AMITIME

Zhengxu