Press release
Heat Pumps Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
Heat Pumps Market SizeThe global Heat Pumps revenue was US$ 8103 million in 2022 and is forecast to a readjusted size of US$ 11760 million by 2029 with a CAGR of 5.4% during the forecast period (2023-2029).
Global Heat Pumps key players include Daikin, Mitsubishi, Atlantic, NIBE Industrier, Hitachi, etc. Global top five players hold a share about 45%.
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China is the largest market, with a share about 40%, followed by Europe and Japan, having a total share about 40 percent.
In terms of product, Air to Water Monobloc is the largest segment, with a share about 75%. And in terms of application, the largest application is Residential Heat Pumps, followed by Industrial Heat Pumps, Commercial Heat Pumps.
By Type
• Air to Water Monobloc
• Air to Water Cylinder
• Ground/Water to Water
• Air to Water Split
• Exhaust Air
By Application
• Residential Heat Pumps
• Industrial Heat Pumps
• Commercial Heat Pumps
Key Companies
Daikin, Mitsubishi, Atlantic, NIBE Industrier, Hitachi, Bosch, Panasonic, Aermec, STIEBEL ELTRON, CIAT, Fujitsu, Vaillant, Danfoss Group, Carrier, Rheem, Johnson Controls, Calorex, Kensa, Maritime Geothermal, Thermia, ClimateMaster, Bryant, Midea, GREE Electric, Sirac, Anywhere, Fuerda, Tongyi Electrical, AMITIME, Zhengxu
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