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Heat Pumps Market Report 2026
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Published : January 2026

Pages : 175

Format : PDF

Delivery Time : 2-3 Business Days

Report Price : $4490.00

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Heat Pumps Market Report 2026

Global Outlook – By Product Type (Air-to-Air, Air-to-Water, Water Source, Ground Source), By Rated Capacity (Up to 10 kW, 10–20 kW, 20–30 kW, Above 30 kW), By End User (Residential, Commercial ) – Market Size, Trends, Strategies, and Forecast to 2035

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Heat Pumps Market Overview

• Heat Pumps market size has reached to $126.83 billion in 2025

• Expected to grow to $166 billion in 2030 at a compound annual growth rate (CAGR) of 6.2%

• Growth Driver: Demand For Low Carbon Footprint To Drive Market Growth

• Market Trend: Hybrid Heating Systems Becoming A Growing Need In Renewable Home Heating Solutions

• Asia-Pacific was the largest region in 2025 and North America is the fastest growing region.

What Is Covered Under Heat Pumps Market?

Heat pumps refer to energy-efficient systems that transfer heat from one place to another using a refrigeration cycle. They are used for heating and cooling buildings, as well as providing hot water, by extracting heat from air, ground, or water sources.

The main product types of heat pumps are air source, air-to-air, air-to-water, water source, and ground source. Ground-source heat pumps are highly effective space heating and cooling technologies that extract heat from the ground. The rated capacity is up to 10 kW, 10–20 kW, 20–30 kW, and above 30 kW. The various end-users involved are residential, commercial, and industrial.

Heat Pumps market report bar graph

What Is The Heat Pumps Market Size and Share 2026?

The heat pumps market size has grown steadily in recent years. It will grow from $126.83 billion in 2025 to $130.46 billion in 2026 at a compound annual growth rate (CAGR) of 2.9%. The growth in the historic period can be attributed to government incentives for energy efficiency, rising energy costs, demand for sustainable heating, growth of residential construction, environmental regulations.

What Is The Heat Pumps Market Growth Forecast?

The heat pumps market size is expected to see strong growth in the next few years. It will grow to $166 billion in 2030 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to expansion of net-zero buildings, electrification of heating systems, innovation in heat pump efficiency, smart energy management adoption, urbanization growth. Major trends in the forecast period include rising adoption of energy-efficient heating systems, growing demand for low-carbon buildings, expansion of residential heat pump installations, technological advancements in refrigerants, integration with smart home systems.

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Tariff Impact On Heat Pumps Market

Tariffs are impacting the heat pumps market by increasing the cost of imported compressors, heat exchangers, electronic controllers, and refrigerants. Europe and North America are particularly

Global Heat Pumps Market Segmentation

1) By Product Type: Air-to-Air, Air-to-Water, Water Source, Ground Source

2) By Rated Capacity: Up to 10 kW, 10–20 kW, 20–30 kW, Above 30 kW

3) By End User: Residential, Commercial

Subsegments:

1) By Air-To-Air: Ductless Mini-Split Systems, Ducted Systems

3) By Air-To-Water: Monoblock Air-to-Water Heat Pumps, Split Air-to-Water Heat Pumps, High-Temperature Air-to-Water Heat Pumps, Low-Temperature Air-to-Water Heat Pumps

4) By Water Source: Open Loop Systems, Closed Loop Systems

5) By Ground Source: Geothermal Heat Pumps, Horizontal Loop Systems, Vertical Loop Systems

What Is The Driver Of The Heat Pumps Market?

Favorable measures to reduce carbon footprints are expected to propel the growth of the heat pumps market going forward. A carbon footprint refers to the total amount of greenhouse gases, primarily carbon dioxide (CO2), and other greenhouse gas equivalents, emitted directly or indirectly by an individual, organization, event, product, or activity over a specific period. Heat pumps are energy efficient and produce fewer carbon emissions compared to conventional heating and cooling systems. Additionally, government incentives, green building standards, and consumer awareness further promote the adoption of heat pumps as a sustainable choice. As individuals, organizations, and governments seek to mitigate climate change and reduce carbon emissions, heat pumps offer an attractive solution for lowering their environmental impact while also benefiting from cost savings and regulatory compliance. For instance, in December 2023, according to the Department for Energy Security and Net Zero, a UK-based government department, the UK government aims to cut direct emissions from public sector buildings by 50% by 2032 and by 75% by 2037. Therefore, favorable measures to reduce carbon footprints are driving the growth of the heat pumps industry.

What Is The Driver Of The Heat Pumps Market?

Favorable measures to reduce carbon footprints are expected to propel the growth of the heat pumps market going forward. A carbon footprint refers to the total amount of greenhouse gases, primarily carbon dioxide (CO2), and other greenhouse gas equivalents, emitted directly or indirectly by an individual, organization, event, product, or activity over a specific period. Heat pumps are energy efficient and produce fewer carbon emissions compared to conventional heating and cooling systems. Additionally, government incentives, green building standards, and consumer awareness further promote the adoption of heat pumps as a sustainable choice. As individuals, organizations, and governments seek to mitigate climate change and reduce carbon emissions, heat pumps offer an attractive solution for lowering their environmental impact while also benefiting from cost savings and regulatory compliance. For instance, in December 2023, according to the Department for Energy Security and Net Zero, a UK-based government department, the UK government aims to cut direct emissions from public sector buildings by 50% by 2032 and by 75% by 2037. Therefore, favorable measures to reduce carbon footprints are driving the growth of the heat pumps industry.

Global Heat Pumps Market Trends and Insights

Major companies operating in the heat pumps market are developing renewable solutions such as hybrid heating systems to gain a competitive edge in the market. Hybrid heating systems combine two or more heating technologies to optimize energy efficiency and reduce environmental impact. For instance, in January 2023, Alpha Heating Innovation, a UK-based electrical and electronics manufacturing company, launched the E-Tec Hybrid, a hybrid heating system designed to help homeowners transition to renewable heating while retaining the reliability of a gas boiler. This system combines the Alpha E-Tec 33 boiler with an external heat pump unit (Alpha E-Tec EHP) and Smartech controls to provide efficient heating and hot water. The system intelligently selects the most cost-effective energy source based on current energy tariffs and outdoor temperatures. It offers instantaneous hot water, eliminates the need for upgrading the existing heating system, and can be installed in a single day.

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What Are Latest Mergers And Acquisitions In The Heat Pumps Market?

In January 2023, Johnson Controls International PLC, an Ireland-based industrial machinery manufacturing company, acquired Hybrid Energy AS for an undisclosed amount. The acquisition of Hybrid Energy enhanced Johnson Controls' industrial heat pump portfolio, allowing them to provide high-temperature heat pumps with energy-efficient, sustainable solutions to rapidly growing district heating and industrial markets, particularly in Europe, while addressing decarbonization and sustainability goals. Hybrid Energy AS is a Norway-based energy management solutions company that specializes in high-temperature energy management solutions, particularly heat pumps for district heating and industrial processes.

Regional Outlook

Asia-Pacific was the largest region in the heat pumps market in 2025. North America was the second largest region in the global heat pumps market share. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Heat Pumps Market?

The heat pumps market consists of sales of closed loop, open loop and direct expansion ground-source heat pump. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Heat Pumps Market Report 2026?

The heat pumps market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the heat pumps industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Author : Girish Kavali

Heat Pumps Market Report Forecast Analysis

Report AttributeDetails
Market Size Value In 2026 $130.46 billion
Revenue Forecast In 2035 $166 billion
Growth Rate CAGR of 2.9% from 2026 to 2035
Base Year For Estimation 2025
Actual Estimates/Historical Data 2020-2025
Forecast Period 2026 - 2030 - 2035
Market Representation Revenue in USD Billion and CAGR from 2026 to 2035
Segments Covered Product Type, Rated Capacity, End User
Regional Scope Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, ...
Key Companies Profiled Robert Bosch GmbH, Hitachi Ltd., LG Electronics Inc., Panasonic Corporation, Midea Group Corporation, Mitsubishi Electric Corporation, Fujitsu General Limited, Daikin Industries Ltd., Johnson Controls International PLC, Carrier Corporation, Trane Inc., Danfoss A/S, Ingersoll Rand Inc., Viessmann Werke GmbH & Co. KG, Lennox International Inc., Vaillant Group, NIBE Industrier AB, Glen Dimplex Group, BDR Thermea Group S.p.A., Stiebel Eltron GmbH & Co. KG, Wolf GmbH, Enertech Global Corp., Bryant Heating & Cooling LLC, Airwell Group Limited, Samsung Electronics Co. Ltd.
Customization ScopeRequest for Customization
Pricing And Purchase OptionsExplore Purchase Options

Table Of Contents

1. Executive Summary

1.1. Key Market Insights (2020-2035)

1.2. Visual Dashboard: Market Size, Growth Rate, Hotspots

1.3. Major Factors Driving the Market

1.4. Top Three Trends Shaping the Market

2. Heat Pumps Market Characteristics

2.1. Market Definition & Scope

2.2. Market Segmentations

2.3. Overview of Key Products and Services

2.4. Global Heat Pumps Market Attractiveness Scoring And Analysis

2.4.1. Overview of Market Attractiveness Framework

2.4.2. Quantitative Scoring Methodology

2.4.3. Factor-Wise Evaluation

Growth Potential Analysis, Competitive Dynamics Assessment, Strategic Fit Assessment And Risk Profile Evaluation

2.4.4. Market Attractiveness Scoring and Interpretation

2.4.5. Strategic Implications and Recommendations

3. Heat Pumps Market Supply Chain Analysis

3.1. Overview of the Supply Chain and Ecosystem

3.2. List Of Key Raw Materials, Resources & Suppliers

3.3. List Of Major Distributors and Channel Partners

3.4. List Of Major End Users

4. Global Heat Pumps Market Trends And Strategies

4.1. Key Technologies & Future Trends

4.1.1 Sustainability, Climate Tech & Circular Economy

4.1.2 Industry 4.0 & Intelligent Manufacturing

4.1.3 Digitalization, Cloud, Big Data & Cybersecurity

4.1.4 Internet Of Things (Iot), Smart Infrastructure & Connected Ecosystems

4.1.5 Electric Mobility & Transportation Electrification

4.2. Major Trends

4.2.1 Rising Adoption Of Energy-Efficient Heating Systems

4.2.2 Growing Demand For Low-Carbon Buildings

4.2.3 Expansion Of Residential Heat Pump Installations

4.2.4 Technological Advancements In Refrigerants

4.2.5 Integration With Smart Home Systems

5. Heat Pumps Market Analysis Of End Use Industries

5.1 Residential Users

5.2 Commercial Buildings

5.3 Industrial Facilities

5.4 Real Estate Developers

5.5 District Heating Operators

6. Heat Pumps Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, Supply Chain Impact from Tariff War & Trade Protectionism, And Covid And Recovery On The Market

7. Global Heat Pumps Strategic Analysis Framework, Current Market Size, Market Comparisons And Growth Rate Analysis

7.1. Global Heat Pumps PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

7.2. Global Heat Pumps Market Size, Comparisons And Growth Rate Analysis

7.3. Global Heat Pumps Historic Market Size and Growth, 2020 - 2025, Value ($ Billion)

7.4. Global Heat Pumps Forecast Market Size and Growth, 2025 - 2030, 2035F, Value ($ Billion)

8. Global Heat Pumps Total Addressable Market (TAM) Analysis for the Market

8.1. Definition and Scope of Total Addressable Market (TAM)

8.2. Methodology and Assumptions

8.3. Global Total Addressable Market (TAM) Estimation

8.4. TAM vs. Current Market Size Analysis

8.5. Strategic Insights and Growth Opportunities from TAM Analysis

9. Heat Pumps Market Segmentation

9.1. Global Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Air-to-Air, Air-to-Water, Water Source, Ground Source

9.2. Global Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Up to 10 kW, 10–20 kW, 20–30 kW, Above 30 kW

9.3. Global Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Residential, Commercial

9.4. Global Heat Pumps Market, Sub-Segmentation Of Air-To-Air, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Ductless Mini-Split Systems, Ducted Systems

9.5. Global Heat Pumps Market, Sub-Segmentation Of Air-To-Water, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Monoblock Air-to-Water Heat Pumps, Split Air-to-Water Heat Pumps, High-Temperature Air-to-Water Heat Pumps, Low-Temperature Air-to-Water Heat Pumps

9.6. Global Heat Pumps Market, Sub-Segmentation Of Water Source, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Open Loop Systems, Closed Loop Systems

9.7. Global Heat Pumps Market, Sub-Segmentation Of Ground Source, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Geothermal Heat Pumps, Horizontal Loop Systems, Vertical Loop Systems

10. Heat Pumps Market Regional And Country Analysis

10.1. Global Heat Pumps Market, Split By Region, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

10.2. Global Heat Pumps Market, Split By Country, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

11. Asia-Pacific Heat Pumps Market

11.1. Asia-Pacific Heat Pumps Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

11.2. Asia-Pacific Heat Pumps Market, Segmentation By Product Type, Segmentation By Rated Capacity, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

12. China Heat Pumps Market

12.1. China Heat Pumps Market Overview

Country Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

12.2. China Heat Pumps Market, Segmentation By Product Type, Segmentation By Rated Capacity, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

13. India Heat Pumps Market

13.1. India Heat Pumps Market, Segmentation By Product Type, Segmentation By Rated Capacity, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

14. Japan Heat Pumps Market

14.1. Japan Heat Pumps Market Overview

Country Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

14.2. Japan Heat Pumps Market, Segmentation By Product Type, Segmentation By Rated Capacity, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

15. Australia Heat Pumps Market

15.1. Australia Heat Pumps Market, Segmentation By Product Type, Segmentation By Rated Capacity, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

16. Indonesia Heat Pumps Market

16.1. Indonesia Heat Pumps Market, Segmentation By Product Type, Segmentation By Rated Capacity, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

17. South Korea Heat Pumps Market

17.1. South Korea Heat Pumps Market Overview

Country Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

17.2. South Korea Heat Pumps Market, Segmentation By Product Type, Segmentation By Rated Capacity, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

18. Taiwan Heat Pumps Market

18.1. Taiwan Heat Pumps Market Overview

Country Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

18.2. Taiwan Heat Pumps Market, Segmentation By Product Type, Segmentation By Rated Capacity, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

19. South East Asia Heat Pumps Market

19.1. South East Asia Heat Pumps Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

19.2. South East Asia Heat Pumps Market, Segmentation By Product Type, Segmentation By Rated Capacity, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

20. Western Europe Heat Pumps Market

20.1. Western Europe Heat Pumps Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

20.2. Western Europe Heat Pumps Market, Segmentation By Product Type, Segmentation By Rated Capacity, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

21. UK Heat Pumps Market

21.1. UK Heat Pumps Market, Segmentation By Product Type, Segmentation By Rated Capacity, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

22. Germany Heat Pumps Market

22.1. Germany Heat Pumps Market, Segmentation By Product Type, Segmentation By Rated Capacity, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

23. France Heat Pumps Market

23.1. France Heat Pumps Market, Segmentation By Product Type, Segmentation By Rated Capacity, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

24. Italy Heat Pumps Market

24.1. Italy Heat Pumps Market, Segmentation By Product Type, Segmentation By Rated Capacity, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

25. Spain Heat Pumps Market

25.1. Spain Heat Pumps Market, Segmentation By Product Type, Segmentation By Rated Capacity, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

26. Eastern Europe Heat Pumps Market

26.1. Eastern Europe Heat Pumps Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

26.2. Eastern Europe Heat Pumps Market, Segmentation By Product Type, Segmentation By Rated Capacity, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

27. Russia Heat Pumps Market

27.1. Russia Heat Pumps Market, Segmentation By Product Type, Segmentation By Rated Capacity, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

28. North America Heat Pumps Market

28.1. North America Heat Pumps Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

28.2. North America Heat Pumps Market, Segmentation By Product Type, Segmentation By Rated Capacity, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

29. USA Heat Pumps Market

29.1. USA Heat Pumps Market Overview

Country Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

29.2. USA Heat Pumps Market, Segmentation By Product Type, Segmentation By Rated Capacity, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

30. Canada Heat Pumps Market

30.1. Canada Heat Pumps Market Overview

Country Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

30.2. Canada Heat Pumps Market, Segmentation By Product Type, Segmentation By Rated Capacity, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

31. South America Heat Pumps Market

31.1. South America Heat Pumps Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

31.2. South America Heat Pumps Market, Segmentation By Product Type, Segmentation By Rated Capacity, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

32. Brazil Heat Pumps Market

32.1. Brazil Heat Pumps Market, Segmentation By Product Type, Segmentation By Rated Capacity, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

33. Middle East Heat Pumps Market

33.1. Middle East Heat Pumps Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

33.2. Middle East Heat Pumps Market, Segmentation By Product Type, Segmentation By Rated Capacity, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

34. Africa Heat Pumps Market

34.1. Africa Heat Pumps Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

34.2. Africa Heat Pumps Market, Segmentation By Product Type, Segmentation By Rated Capacity, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

35. Heat Pumps Market Regulatory and Investment Landscape

36. Heat Pumps Market Competitive Landscape And Company Profiles

36.1. Heat Pumps Market Competitive Landscape And Market Share 2024

36.1.1. Top 10 Companies (Ranked by revenue/share)

36.2. Heat Pumps Market - Company Scoring Matrix

36.2.1. Market Revenues

36.2.2. Product Innovation Score

36.2.3. Brand Recognition

36.3. Heat Pumps Market Company Profiles

36.3.1. Robert Bosch GmbH Overview, Products and Services, Strategy and Financial Analysis

36.3.2. Hitachi Ltd. Overview, Products and Services, Strategy and Financial Analysis

36.3.3. LG Electronics Inc. Overview, Products and Services, Strategy and Financial Analysis

36.3.4. Panasonic Corporation Overview, Products and Services, Strategy and Financial Analysis

36.3.5. Midea Group Corporation Overview, Products and Services, Strategy and Financial Analysis

37. Heat Pumps Market Other Major And Innovative Companies

Mitsubishi Electric Corporation, Fujitsu General Limited, Daikin Industries Ltd., Johnson Controls International PLC, Carrier Corporation, Trane Inc., Danfoss A/S, Ingersoll Rand Inc., Viessmann Werke GmbH & Co. KG, Lennox International Inc., Vaillant Group, NIBE Industrier AB, Glen Dimplex Group, BDR Thermea Group S.p.A., Stiebel Eltron GmbH & Co. KG

38. Global Heat Pumps Market Competitive Benchmarking And Dashboard

39. Key Mergers And Acquisitions In The Heat Pumps Market

40. Heat Pumps Market High Potential Countries, Segments and Strategies

40.1 Heat Pumps Market In 2030 - Countries Offering Most New Opportunities

40.2 Heat Pumps Market In 2030 - Segments Offering Most New Opportunities

40.3 Heat Pumps Market In 2030 - Growth Strategies

40.3.1 Market Trend Based Strategies

40.3.2 Competitor Strategies

41. Appendix

41.1. Abbreviations

41.2. Currencies

41.3. Historic And Forecast Inflation Rates

41.4. Research Inquiries

41.5. The Business Research Company

41.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Heat Pumps Market, Overview Of Key Products - Product Examples
  • Table 2: Global Heat Pumps Market Attractiveness, Factor-Wise Evaluation
  • Table 3: Global Heat Pumps Market, Supply Chain Analysis
  • Table 4: Global Heat Pumps Market, Major Raw Material Providers
  • Table 5: Global Heat Pumps Market, Major Resource Providers
  • Table 6: Global Heat Pumps Market, Major Manufacturers (Suppliers)
  • Table 7: Global Heat Pumps Market, Major Distributors And Channel Partners
  • Table 8: Global Heat Pumps Market, Key Technologies & Future Trends
  • Table 9: Global Heat Pumps Market, Major Trends
  • Table 10: Global Heat Pumps Market, Major End Users
  • Table 11: Global Heat Pumps Market, PESTEL (Political, Economic, Social, Technology, Environmental and Legal) Analysis
  • Table 12: Global Heat Pumps Historic Market Growth, 2020-2025, $ Billion
  • Table 13: Global Heat Pumps Forecast Market Growth, 2025-2030F, 2035F, $ Billion
  • Table 14: Global Heat Pumps Market - TAM, US$ Billion, 2025
  • Table 15: Global Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 16: Global Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 17: Global Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 18: Global Heat Pumps Market, Sub-Segmentation Of Air-To-Air, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 19: Global Heat Pumps Market, Sub-Segmentation Of Air-To-Water, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 20: Global Heat Pumps Market, Sub-Segmentation Of Water Source, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 21: Global Heat Pumps Market, Sub-Segmentation Of Ground Source, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 22: Global Heat Pumps Market, Split By Region, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 23: Global Heat Pumps Market, Split By Country, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 24: Asia-Pacific, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 25: Asia-Pacific, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 26: Asia-Pacific, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 27: China, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 28: China, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 29: China, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 30: India, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 31: India, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 32: India, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 33: Japan, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 34: Japan, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 35: Japan, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 36: Australia, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 37: Australia, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 38: Australia, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 39: Indonesia, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 40: Indonesia, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 41: Indonesia, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 42: South Korea, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 43: South Korea, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 44: South Korea, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 45: Taiwan, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 46: Taiwan, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 47: Taiwan, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 48: South East Asia, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 49: South East Asia, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 50: South East Asia, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 51: Western Europe, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 52: Western Europe, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 53: Western Europe, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 54: UK, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 55: UK, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 56: UK, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 57: Germany, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 58: Germany, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 59: Germany, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 60: France, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 61: France, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 62: France, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 63: Italy, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 64: Italy, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 65: Italy, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 66: Spain, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 67: Spain, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 68: Spain, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 69: Eastern Europe, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 70: Eastern Europe, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 71: Eastern Europe, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 72: Russia, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 73: Russia, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 74: Russia, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 75: North America, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 76: North America, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 77: North America, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 78: USA, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 79: USA, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 80: USA, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 81: Canada, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 82: Canada, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 83: Canada, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 84: South America, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 85: South America, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 86: South America, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 87: Brazil, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 88: Brazil, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 89: Brazil, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 90: Middle East, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 91: Middle East, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 92: Middle East, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 93: Africa, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 94: Africa, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 95: Africa, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Table 96: Global Heat Pumps Key Competitor Estimated Market Shares, 2024, Percentage (%)
  • Table 97: Global Heat Pumps Market - Company Scoring Matrix
  • Table 98: Robert Bosch GmbH Financial Performance
  • Table 99: Hitachi Ltd. Financial Performance
  • Table 100: LG Electronics Inc. Financial Performance
  • Table 101: Panasonic Corporation Financial Performance
  • Table 102: Midea Group Corporation Financial Performance
  • Table 103: Global Heat Pumps Market, Competitive Benchmarking (In USD Billions)
  • Table 104: Global Heat Pumps Market, Competitive Dashboard
  • Table 105: Global Heat Pumps Market Size Gain ($ Billion), 2025 – 2030 By Country
  • Table 106: Global, Heat Pumps Market Size Gain ($ Billion), Segmentation By Product Type, 2025 – 2030
  • Table 107: Global, Heat Pumps Market Size Gain ($ Billion), Segmentation By Rated Capacity, 2025 – 2030
  • Table 108: Global, Heat Pumps Market Size Gain ($ Billion), Segmentation By End User, 2025 – 2030

List Of Figures

    Figure 1: Global Heat Pumps Market, Overview Of Key Products - Product Examples
  • Figure 2: Global Heat Pumps Market Attractiveness, Factor-Wise Evaluation
  • Figure 3: Global Heat Pumps Market, Supply Chain Analysis
  • Figure 4: Global Heat Pumps Market, Major Raw Material Providers
  • Figure 5: Global Heat Pumps Market, Major Resource Providers
  • Figure 6: Global Heat Pumps Market, Major Manufacturers (Suppliers)
  • Figure 7: Global Heat Pumps Market, Major Distributors And Channel Partners
  • Figure 8: Global Heat Pumps Market, Key Technologies & Future Trends
  • Figure 9: Global Heat Pumps Market, Major Trends
  • Figure 10: Global Heat Pumps Market, Major End Users
  • Figure 11: Global Heat Pumps Market, PESTEL (Political, Economic, Social, Technology, Environmental and Legal) Analysis
  • Figure 12: Global Heat Pumps Historic Market Growth, 2020-2025, $ Billion
  • Figure 13: Global Heat Pumps Forecast Market Growth, 2025-2030F, 2035F, $ Billion
  • Figure 14: Global Heat Pumps Market - TAM, US$ Billion, 2025
  • Figure 15: Global Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 16: Global Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 17: Global Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 18: Global Heat Pumps Market, Sub-Segmentation Of Air-To-Air, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 19: Global Heat Pumps Market, Sub-Segmentation Of Air-To-Water, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 20: Global Heat Pumps Market, Sub-Segmentation Of Water Source, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 21: Global Heat Pumps Market, Sub-Segmentation Of Ground Source, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 22: Global Heat Pumps Market, Split By Region, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 23: Global Heat Pumps Market, Split By Country, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 24: Asia-Pacific, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 25: Asia-Pacific, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 26: Asia-Pacific, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 27: China, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 28: China, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 29: China, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 30: India, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 31: India, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 32: India, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 33: Japan, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 34: Japan, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 35: Japan, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 36: Australia, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 37: Australia, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 38: Australia, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 39: Indonesia, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 40: Indonesia, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 41: Indonesia, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 42: South Korea, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 43: South Korea, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 44: South Korea, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 45: Taiwan, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 46: Taiwan, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 47: Taiwan, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 48: South East Asia, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 49: South East Asia, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 50: South East Asia, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 51: Western Europe, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 52: Western Europe, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 53: Western Europe, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 54: UK, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 55: UK, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 56: UK, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 57: Germany, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 58: Germany, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 59: Germany, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 60: France, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 61: France, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 62: France, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 63: Italy, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 64: Italy, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 65: Italy, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 66: Spain, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 67: Spain, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 68: Spain, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 69: Eastern Europe, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 70: Eastern Europe, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 71: Eastern Europe, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 72: Russia, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 73: Russia, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 74: Russia, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 75: North America, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 76: North America, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 77: North America, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 78: USA, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 79: USA, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 80: USA, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 81: Canada, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 82: Canada, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 83: Canada, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 84: South America, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 85: South America, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 86: South America, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 87: Brazil, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 88: Brazil, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 89: Brazil, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 90: Middle East, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 91: Middle East, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 92: Middle East, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 93: Africa, Heat Pumps Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 94: Africa, Heat Pumps Market, Segmentation By Rated Capacity, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 95: Africa, Heat Pumps Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion
  • Figure 96: Global Heat Pumps Key Competitor Estimated Market Shares, 2024, Percentage (%)
  • Figure 97: Global Heat Pumps Market - Company Scoring Matrix
  • Figure 98: Robert Bosch GmbH Financial Performance
  • Figure 99: Hitachi Ltd. Financial Performance
  • Figure 100: LG Electronics Inc. Financial Performance
  • Figure 101: Panasonic Corporation Financial Performance
  • Figure 102: Midea Group Corporation Financial Performance
  • Figure 103: Global Heat Pumps Market, Competitive Benchmarking (In USD Billions)
  • Figure 104: Global Heat Pumps Market, Competitive Dashboard
  • Figure 105: Global Heat Pumps Market Size Gain ($ Billion), 2025 – 2030 By Country
  • Figure 106: Global, Heat Pumps Market Size Gain ($ Billion), Segmentation By Product Type, 2025 – 2030
  • Figure 107: Global, Heat Pumps Market Size Gain ($ Billion), Segmentation By Rated Capacity, 2025 – 2030
  • Figure 108: Global, Heat Pumps Market Size Gain ($ Billion), Segmentation By End User, 2025 – 2030

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Frequently Asked Questions

The Heat Pumps market was valued at $ billion in 2025, increased to $ billion in 2026, and is projected to reach $ billion by 2030. request a sample here

The expected CAGR for the Heat Pumps market during the forecast period 2025–2030 is 6.2%. request a sample here

Major growth driver of the market includes: Demand For Low Carbon Footprint To Drive Market Growth in the Heat Pumps market. For further insights on this market, request a sample here

The heat pumps market covered in this report is segmented –
1) By Product Type: Air-to-Air, Air-to-Water, Water Source, Ground Source
2) By Rated Capacity: Up to 10 kW, 10–20 kW, 20–30 kW, Above 30 kW
3) By End User: Residential, Commercial Subsegments:
1) By Air-To-Air: Ductless Mini-Split Systems, Ducted Systems
3) By Air-To-Water: Monoblock Air-to-Water Heat Pumps, Split Air-to-Water Heat Pumps, High-Temperature Air-to-Water Heat Pumps, Low-Temperature Air-to-Water Heat Pumps
4) By Water Source: Open Loop Systems, Closed Loop Systems
5) By Ground Source: Geothermal Heat Pumps, Horizontal Loop Systems, Vertical Loop Systems request a sample here

Major trend in this market includes: Hybrid Heating Systems Becoming A Growing Need In Renewable Home Heating Solutions For further insights on this market, request a sample here.

Major companies operating in the Heat Pumps market are Major companies operating in the heat pumps market are Robert Bosch GmbH, Hitachi Ltd., LG Electronics Inc., Panasonic Corporation, Midea Group Corporation, Mitsubishi Electric Corporation, Fujitsu General Limited, Daikin Industries Ltd., Johnson Controls International PLC, Carrier Corporation, Trane Inc., Danfoss A/S, Ingersoll Rand Inc., Viessmann Werke GmbH & Co. KG, Lennox International Inc., Vaillant Group, NIBE Industrier AB, Glen Dimplex Group, BDR Thermea Group S.p.A., Stiebel Eltron GmbH & Co. KG, Wolf GmbH, Enertech Global Corp., Bryant Heating & Cooling LLC, Airwell Group Limited, Samsung Electronics Co. Ltd. request a sample here.

Major trends in this market include Major companies operating in the heat pumps market are developing renewable solutions such as hybrid heating systems to gain a competitive edge in the market. Hybrid heating systems combine two or more heating technologies to optimize energy efficiency and reduce environmental impact. For instance, in January 2023, Alpha Heating Innovation, a UK-based electrical and electronics manufacturing company, launched the E-Tec Hybrid, a hybrid heating system designed to help homeowners transition to renewable heating while retaining the reliability of a gas boiler. This system combines the Alpha E-Tec 33 boiler with an external heat pump unit (Alpha E-Tec EHP) and Smartech controls to provide efficient heating and hot water. The system intelligently selects the most cost-effective energy source based on current energy tariffs and outdoor temperatures. It offers instantaneous hot water, eliminates the need for upgrading the existing heating system, and can be installed in a single day.. For further insights on this market, request a sample here.

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