Heat Pumps Global Market Size, Share, Growth, Trends, By Type, By Technology, By Application, By Region And Segment Forecasts, 2023-2032 | Daikin Industries Ltd., Carrier, NIBE, Johnson Controls, Hitachi
As per the heat pumps market report by The Business Research Company, Government regulations and policies to improve energy efficiency are boosting the demand for renewable energy sources, thereby contributing to the growth of the heat pumps market.
The global heat pumps market size will grow from $115.74 billion in 2022 to $127.71 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global heat pumps market size is expected to grow to $160.04 billion in 2027 at a CAGR of 5.8%.
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Major competitors in the heat pumps market include Daikin Industries Ltd., Carrier, NIBE, Mitsubishi Electric Corporation, LG, Johnson Controls, Hitachi, Robert Bosch GmbH, Stiebel Eltron, and Ingersoll Rand.
The heat pumps market is segmented -
• By Product Type: Air Source, 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 Engineering Disciplines: Civil, Mechanical, Electrical, Piping and Structural Engineering
• By End User: Residential, Commercial, Industrial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. Asia-Pacific was the largest region in the Heat pumps market.
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Heat pumps refer to an apparatus that move heat from a cool space to a warm space, making the cool space cooler and the warm space warmer.
The Table Of Content For The Heat Pumps Market Include:
1. Executive Summary
2. Heat Pumps Market Characteristics
3. Heat Pumps Market Trends And Strategies
4. Heat Pumps Market - Macro Economic Scenario
5. Heat Pumps Market Size And Growth
26. Africa Heat Pumps Market
27. Heat Pumps Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Heat Pumps Market
29. Heat Pumps Market Future Outlook and Potential Analysis
The "Global Heat Pumps Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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