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Global Solar-assisted Heat Pump Market is Expected to Represent Highest Incremental Opportunity Revenue of USD 8732.9 Million By 2030 | IGR
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Robust Growth Projections and Solar-Assisted Heat Pump Overview
The global solar-assisted heat pump market, valued at USD 4,523.04 million in 2022, is poised for substantial growth, reaching an estimated USD 8,732.9 million by 2030. This growth reflects a commendable Compound Annual Growth Rate (CAGR) of 7.53% during the forecast period of 2023-2030.
A solar-assisted heat pump system combines solar thermal energy with a heat pump to provide space heating and domestic hot water. This hybrid approach incorporates solar collectors, heat exchangers, heat pumps, and storage tanks to efficiently fulfill heating requirements. The solar collectors absorb solar energy, transferring it to a heat exchanger, which then conveys the heat to the heat pump. The heat pump compresses the heat, increases its temperature, and transfers it to a storage tank for use in space heating.
Driving Forces and Challenges: Meeting Energy Needs Sustainably
Rising investments in renewable energy projects and the imperative to reduce greenhouse gas emissions drive the adoption of solar-assisted heat pump systems. The market's growth is further fueled by the increasing demand for cost-effective and energy-efficient heating solutions. Despite their initial cost, solar-assisted heat pumps exhibit exceptional efficiency, contributing to reduced energy consumption and operational expenses over time. Technological advancements in the sector present growth opportunities for the market.
Regional Dominance and Market Segmentation
Asia Pacific is expected to lead the solar-assisted heat pump market during the projected period. Government emphasis on renewable energy adoption, rapid economic growth, and urbanization drive the region's demand for sustainable heating and cooling solutions. Solar-assisted heat pumps, utilizing solar energy, align with these objectives and offer an energy-efficient alternative for consumers seeking to meet their energy needs while minimizing costs and environmental impact.
The report covers key market segments, including type (air source, ground source, water source, and hybrid source) and end use (residential and commercial).
Leading Industry Players
The report profiles key companies in the solar-assisted heat pump market, including SAHP LIMITED, ECO-$MART, Inc., Panasonic Corporation, Solarthermalworld, FRECON Electric (Shenzhen) Co.,Ltd., Nuetech Solar Systems Pvt. Ltd, Mitsubishi Electric Corporation, Bosch Thermotechnik GmbH, STIEBEL ELTRON GmbH & Co. KG, and others.
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Table of Content
Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. Solar-assisted Heat Pump Market Highlights
2.2. Solar-assisted Heat Pump Market Projection
2.3. Solar-assisted Heat Pump Market Regional Highlights
Chapter 3. Global Solar-assisted Heat Pump Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter`s Five Forces Analysis
3.4. IGR-Growth Matrix Analysis
3.4.1. IGR-Growth Matrix Analysis by Type
3.4.2. IGR-Growth Matrix Analysis by End Use
3.4.3. IGR-Growth Matrix Analysis by Region
3.5. Value Chain Analysis of Solar-assisted Heat Pump Market
Chapter 4. Solar-assisted Heat Pump Market Macro Indicator Analysis
Chapter 5. Company Profiles and Competitive Landscape
5.1. Competitive Landscape in the Global Solar-assisted Heat Pump Market
5.2. Companies Profiles
5.2.1. SAHP LIMITED
5.2.2. ECO-$MART, Inc.
5.2.3. Panasonic Corporation
5.2.4. Solarthermalworld
5.2.5. FRECON Electric (Shenzhen) Co.,Ltd.
5.2.6. Nuetech Solar Systems Pvt. Ltd
5.2.7. Mitsubishi Electric Corporation
5.2.8. Bosch Thermotechnik GmbH
5.2.9. STIEBEL ELTRON GmbH & Co. KG
5.2.10. Others
Chapter 6. Global Solar-assisted Heat Pump Market by Type
6.1. Air Source
6.2. Ground Source
6.3. Water Source
6.4. Hybrid Source
Chapter 7. Global Solar-assisted Heat Pump Market by End Use
7.1. Residential
7.2. Commercial
Chapter 8. Global Solar-assisted Heat Pump Market by Region 2023-2030
8.1. North America
8.1.1. North America Solar-assisted Heat Pump Market by Type
8.1.2. North America Solar-assisted Heat Pump Market by End Use
8.1.3. North America Solar-assisted Heat Pump Market by Country
8.1.3.1. The U.S. Solar-assisted Heat Pump Market
8.1.3.1.1. The U.S. Solar-assisted Heat Pump Market by Type
8.1.3.1.2. The U.S. Solar-assisted Heat Pump Market by End Use
8.1.3.2. Canada Solar-assisted Heat Pump Market
8.1.3.2.1. Canada Solar-assisted Heat Pump Market by Type
8.1.3.2.2. Canada Solar-assisted Heat Pump Market by End Use
8.1.3.3. Mexico Solar-assisted Heat Pump Market
8.1.3.3.1. Mexico Solar-assisted Heat Pump Market by Type
8.1.3.3.2. Mexico Solar-assisted Heat Pump Market by End Use
8.2. Europe
8.2.1. Europe Solar-assisted Heat Pump Market by Type
8.2.2. Europe Solar-assisted Heat Pump Market by End Use
8.2.3. Europe Solar-assisted Heat Pump Market by Country
8.2.3.1. Germany Solar-assisted Heat Pump Market
8.2.3.1.1. Germany Solar-assisted Heat Pump Market by Type
8.2.3.1.2. Germany Solar-assisted Heat Pump Market by End Use
8.2.3.2. United Kingdom Solar-assisted Heat Pump Market
8.2.3.2.1. United Kingdom Solar-assisted Heat Pump Market by Type
8.2.3.2.2. United Kingdom Solar-assisted Heat Pump Market by End Use
8.2.3.3. France Solar-assisted Heat Pump Market
8.2.3.3.1. France Solar-assisted Heat Pump Market by Type
8.2.3.3.2. France Solar-assisted Heat Pump Market by End Use
8.2.3.4. Italy Solar-assisted Heat Pump Market
8.2.3.4.1. Italy Solar-assisted Heat Pump Market by Type
8.2.3.4.2. Italy Solar-assisted Heat Pump Market by End Use
8.2.3.5. Rest of Europe Solar-assisted Heat Pump Market
8.2.3.5.1. Rest of Europe Solar-assisted Heat Pump Market by Type
8.2.3.5.2. Rest of Europe Solar-assisted Heat Pump Market by End Use
8.3. Asia Pacific
8.3.1. Asia Pacific Solar-assisted Heat Pump Market by Type
8.3.2. Asia Pacific Solar-assisted Heat Pump Market by End Use
8.3.3. Asia Pacific Solar-assisted Heat Pump Market by Country
8.3.3.1. China Solar-assisted Heat Pump Market
8.3.3.1.1. China Solar-assisted Heat Pump Market by Type
8.3.3.1.2. China Solar-assisted Heat Pump Market by End Use
8.3.3.2. Japan Solar-assisted Heat Pump Market
8.3.3.2.1. Japan Solar-assisted Heat Pump Market by Type
8.3.3.2.2. Japan Solar-assisted Heat Pump Market by End Use
8.3.3.3. India Solar-assisted Heat Pump Market
8.3.3.3.1. India Solar-assisted Heat Pump Market by Type
8.3.3.3.2. India Solar-assisted Heat Pump Market by End Use
8.3.3.4. South Korea Solar-assisted Heat Pump Market
8.3.3.4.1. South Korea Solar-assisted Heat Pump Market by Type
8.3.3.4.2. South Korea Solar-assisted Heat Pump Market by End Use
8.3.3.5. Australia Solar-assisted Heat Pump Market
8.3.3.5.1. Australia Solar-assisted Heat Pump Market by Type
8.3.3.5.2. Australia Solar-assisted Heat Pump Market by End Use
8.3.3.6. Rest of Asia-Pacific Solar-assisted Heat Pump Market
8.3.3.6.1. Rest of Asia-Pacific Solar-assisted Heat Pump Market by Type
8.3.3.6.2. Rest of Asia-Pacific Solar-assisted Heat Pump Market by End Use
8.4. RoW
8.4.1. RoW Solar-assisted Heat Pump Market by Type
8.4.2. RoW Solar-assisted Heat Pump Market by End Use
8.4.3. RoW Solar-assisted Heat Pump Market by Sub-region
8.4.3.1. Latin America Solar-assisted Heat Pump Market
8.4.3.1.1. Latin America Solar-assisted Heat Pump Market by Type
8.4.3.1.2. Latin America Solar-assisted Heat Pump Market by End Use
8.4.3.2. Middle East Solar-assisted Heat Pump Market
8.4.3.2.1. Middle East Solar-assisted Heat Pump Market by Type
8.4.3.2.2. Middle East Solar-assisted Heat Pump Market by End Use
8.4.3.3. Africa Solar-assisted Heat Pump Market
8.4.3.3.1. Africa Solar-assisted Heat Pump Market by Type
8.4.3.3.2. Africa Solar-assisted Heat Pump Market by End Use
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of solar-assisted heat pump.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
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