Press release
Heat Pumps Market: Major Trends Reshaping the Future of the Industry
Heat Pumps Market Size
Heat Pumps Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of heat pumps has experienced a significant growth in the recent past. The market is projected to escalate from $97.14 billion in 2024 to $106.66 billion in 2025, marking a compound annual growth rate (CAGR) of 9.8%. This expansion in the historical phase has been prompted by advances in the incorporation of renewable energy, energy scarcity, and environmental consciousness, worries related to climate change, trends in urbanization and housing, and increasing energy expenses.
Heat Pumps Market Size Forecast: What's the Projected Valuation by 2029?
The market size for heat pumps is predicted to witness significant expansion in the approaching years, reaching a potential value of $156.59 billion by 2029 with a compound annual growth rate (CAGR) of 10.1%. This anticipated growth during the forecast period can be credited to the heightened energy efficiency standards, measures against climate change, increasing energy costs, urban development and construction regulations, alongside consumer preference for eco-friendly solutions. Key trends to note over the forecast span include systems combining traditional and heat pump heating, initiatives to reduce carbon emissions, electrification of heat pumps, intelligent heat pump technology, and heat pumps designed for cold climates.
View the full report here:
https://www.thebusinessresearchcompany.com/report/heat-pumps-global-market-report
What Are the Drivers Transforming the Heat Pumps Market?
Initiatives undertaken by government to enhance energy efficiency, alongside policies and regulations, are spurring the demand for renewable energy sources and in turn, escalating the growth of the heat pumps market. Known for their low carbon footprint, streamlined installation process, and capacity to lower energy usage in domestic and industrial settings, heat pumps play a significant role in this surge in demand. The impressive potential of energy efficiency to facilitate economic growth and lessen greenhouse gas emissions has not gone unnoticed, with diverse nations introducing their own energy savings strategies. For example, the UK government has established an Energy Efficiency Office, consolidating various departments to supervise, strategize, and cultivate energy preservation policies. Meanwhile, in the United States, industries that exceed the energy consumption of one million GJ/A (100) are required to submit records of their energy preservation and usage practices to the Department of Energy, who then offer advice for improving energy utilization efficiency. Therefore, the escalating efforts to decrease energy consumption are projected to stimulate the demand for energy-efficient goods, thereby promoting growth in the heat pumps market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3653&type=smp
What Long-Term Trends Will Define the Future of the Heat Pumps Market?
Key players in the heat pump market are conceptualizing and creating eco-conscious products to secure a strong footing in the industry. These environmentally friendly commodities decrease energy usage, reduce greenhouse gas emissions, and mitigate other ecological ramifications while offering climate regulation for a diverse set of functionalities. Take for example, Mitsubishi Electric Corporation, an electronics firm from Japan, which unveiled its Ecodan CAHV-R air source heat pump in November 2022. This pump, functioning with low-GWP R454C refrigerant, emerges as a green solution for both domestic hot water and space heating needs in commercial use. The device can operate independently or as a component of a larger, multiple-unit system, offering adaptability in different scenarios, such as educational institutions and medical facilities. Its advanced rotating and cascading features enable the Ecodan CAHV-R to offer consistent space heating and hot water throughout the year, contributing significantly to the HVAC market's product line. The heat pump's additional advantages encompass lower embodied carbon, a 70°C outlet temperature even in -2°C surroundings, a superior heat exchange design for rapid defrosting, low-frequency compressor management, and a rotational option based on accumulated operational hours, all of which promotes energy conservation and product durability.
Which Segments in the Heat Pumps Market Offer the Most Profit Potential?
The heat pumps market covered in this report is segmented -
1) By Product Type: Air Source, 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, Industrial
Subsegments:
1) By Air Source: Air-To-Air Heat Pumps, Air-To-Water Heat Pumps
2) By Air-To-Air: Ductless Mini-Split Systems, Ducted Systems
3) By Air-To-Water: Heating For Radiant Floors, Domestic Hot Water Production
4) By Water Source: Open Loop Systems, Closed Loop Systems
5) By Ground Source: Geothermal Heat Pumps, Horizontal Loop Systems, Vertical Loop Systems
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=3653&type=smp
Which Firms Dominate the Heat Pumps Market by Market Share and Revenue in 2025?
Major companies operating in the heat pumps market include Robert Bosch GmbH, Hitachi Ltd., United Technologies Corporation, 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., Flamingo Heat Pumps, 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, Thermax Group, Wolf GmbH, Mayekawa Mfg. Co. Ltd., Enertech Global Corp., Bryant Heating & Cooling LLC, Airwell Group Limited, Emerson Climate Technologies Inc., Samsung Electronics Co. Ltd., Denso Corporation, MAN Energy Solutions SE
Which Regions Offer the Highest Growth Potential in the Heat Pumps Market?
Asia-Pacific was the largest region in the heat pumps market in 2024. North America was the second largest region in the global heat pumps market share. The regions covered in the heat pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3653
This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Heat Pumps Market: Major Trends Reshaping the Future of the Industry here
News-ID: 4111526 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Heat
Heat Meters Market, Transforming Heat Measurement with Intelligent Metering Solu …
The global heat meters market has become a critical component of modern energy infrastructure as governments, utility companies, and consumers strive for greater accuracy in heat consumption, improved energy efficiency, and transparent billing systems. Heat meters-devices that measure the thermal energy used in residential, commercial, and industrial heating systems-play an essential role in district heating networks, HVAC systems, and renewable heat integration. With rising global emphasis on energy conservation and…
Global Ceramic Heat Sink Heat Sink Market Drivers Analysis 2025
According to our (Global Info Research) latest study, the global Ceramic Heat Sink Heat Sink market size was valued at US$ million in 2024 and is forecast to a readjusted size of USD million by 2031 with a CAGR of %during review period.
This report is a detailed and comprehensive analysis for global Ceramic Heat Sink Heat Sink market. Both quantitative and qualitative analyses are presented by manufacturers, by region &…
Plate Fin Heat Sinks vs. Heat Pipe Heat Sinks: Which is Right for Consumers?
In the modern industrial landscape, heat sinks [https://www.coolerchina.com/] play a crucial role in ensuring the stable operation and longevity of equipment by effectively dissipating heat generated by devices into the surrounding environment. Among the numerous types of heat sinks available, plate fin heat sinks and heat pipe heat sinks are two of the most common. This article will compare these two types, helping you choose the right one for your…
Efficient Heat Transfer Solutions: Global Heat Pipe Heat Exchanger Market to Rea …
As per the study initiated by Evolve Business Intelligence, the global Heat Pipe Heat Exchanger market size accounted for USD 18.2 Billion in 2022, growing at a CAGR of 6.5% from 2023 to 2033. The Heat Pipe Heat Exchanger (HPHE) Market refers to the global market for heat exchangers that use heat pipes as a primary heat transfer element. Heat pipe heat exchangers are used in a wide range of…
India Heat Exchangers Market Size Set For Explosive Growth | Radiant Heat Exchan …
The India heat exchangers market accounted for $454.4 million in 2018, and is anticipated to reach $890.0 million by 2026, registering a CAGR of 8.6% from 2019 to 2026. Heat exchanger is a system designed to efficiently transfer energy between two or more fluids. The production of heat exchangers is a highly labor-intensive process, attributable to the long welding hours. Thus, heat exchangers are preferably manufactured in India, owing to…
Global Heat Pipe Heat Exchanger Market Research Report 2017
Summary
This report studies Heat Pipe Heat Exchanger in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering
Mitsubishi Electric Corporation
Nortek Air Solutions
Munters Corporation
Greenheck
RenewAire
DRI Innovative Air Solutions
Reznor
Zehnder America
Ruskin Rooftop System
Market Segment by Regions, this report splits Global into several key Regions, with production, consumption, revenue, market share and growth…
