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Global Solar-Assisted Heat Pump Market to Valuation of USD 8732.9 Million By 2030 | Infinium Global Research
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Market Overview: The global solar-assisted heat pump market, valued at USD 4,523.04 million in 2022, is projected to surge to USD 8,732.9 million by 2030, registering a robust CAGR of 7.53% during the forecast period from 2023 to 2030.
A solar-assisted heat pump system, leveraging both solar thermal energy and a heat pump, efficiently caters to space heating and domestic hot water requirements. This hybrid system integrates solar collectors, heat exchangers, heat pumps, and storage tanks to operate seamlessly. By harnessing solar energy through collectors, this technology optimally heats water, serving as a sustainable solution for space heating.
Market Dynamics: The market's growth trajectory is driven by increased investments in renewable energy projects and the pressing need to curtail greenhouse gas emissions. Solar-assisted heat pump systems are witnessing heightened adoption owing to their cost-effectiveness and energy efficiency. These systems exhibit exceptional efficiency, reducing energy consumption and operational expenses in the long term. However, the initial high cost of installation poses a challenge, although technological advancements offer opportunities for market expansion.
Regional Insights: Asia Pacific is poised to dominate the solar-assisted heat pump market, driven by governments' emphasis on renewable energy adoption and the region's rapid economic growth. With policymakers stressing the reduction of carbon emissions, solar-assisted heat pumps align with sustainability goals, making them a preferred choice for energy-efficient heating and cooling solutions. Moreover, the region's escalating energy demand, particularly in heating and cooling, further propels the adoption of these systems.
Segments Covered: The report segments the solar-assisted heat pump market based on type (air source, ground source, water source, hybrid source) and end-use (residential and commercial), providing comprehensive insights into market dynamics and preferences.
Key Market Players: Infinium Global Research profiles major industry players like Panasonic Corporation, Mitsubishi Electric Corporation, and Bosch Thermotechnik GmbH, offering valuable insights into their market strategies and positioning.
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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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Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes, and non-profit/non-government organizations to meet their knowledge and information needs.
Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.
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