Heat Pump Market Size, Share, & Industry Analysis, By Source (Air-Source, Water-Source, and Geothermal), By Capacity (Up to 10 kW, 10-20 kW, and Above 20 kW), By End-User (Residential, Commercial, and Industrial), and Regional Forecasts, 2024-2032

Last Updated: March 17, 2025 | Format: PDF | Report ID: FBI100920

Table of Content

Introduction
1. Research Scope
2. Market Segmentation
3. Research Methodology
4. Definitions & Assumptions

Introduction
1. Research Scope
2. Market Segmentation
3. Research Methodology
4. Definitions & Assumptions
Executive Summary
Market Dynamics
1. Market Drivers
2. Market Restraints
3. Market Opportunities
Key Insights
1. Key Emerging Trends – For Major Countries
2. Latest Technological Advancement
3. Insight on Regulatory Landscape
4. Porters Five Forces Analysis
5. Impact of COVID-19 on the Global Heat Pump Market
Global Heat Pump Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
1. Key Findings
2. Market Analysis, Insights, and Forecast – By Type
  1. Air-Source
  2. Water-Source
  3. Geothermal
3. Market Analysis, Insights, and Forecast – By Capacity
  1. Up to 10 kW
  2. 10-20 kW
  3. Above 20 kW
4. Market Analysis, Insights, and Forecast – By End-User
  1. Residential
  2. Commercial
  3. Industrial
5. Market Analysis, Insights, and Forecast – By Region
  1. North America
  2. Europe
  3. Asia Pacific
  4. Latin America
  5. Middle East & Africa
North America Heat Pump Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
1. Key Findings
2. Market Analysis, Insights, and Forecast – By Type
  1. Air-Source
  2. Water-Source
  3. Geothermal
3. Market Analysis, Insights, and Forecast – By Capacity
  1. Up to 10 kW
  2. 10-20 kW
  3. Above 20 kW
4. Market Analysis, Insights, and Forecast – By End-User
  1. Residential
  2. Commercial
  3. Industrial
5. Market Analysis, Insights, and Forecast – By Country
  1. U.S. Market Analysis, Insights, and Forecast – By End-User
    1. Residential
    2. Commercial
    3. Industrial
  2. Canada Market Analysis, Insights, and Forecast – By End-User
    1. Residential
    2. Commercial
    3. Industrial
Europe Heat Pump Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
1. Key Findings
2. Market Analysis, Insights, and Forecast – By Type
  1. Air-Source
  2. Water-Source
  3. Geothermal
3. Market Analysis, Insights, and Forecast – By Capacity
  1. Up to 10 kW
  2. 10-20 kW
  3. Above 20 kW
4. Market Analysis, Insights, and Forecast – By End-User
  1. Residential
  2. Commercial
  3. Industrial
5. Market Analysis, Insights, and Forecast – By Country
  1. UK Market Analysis, Insights, and Forecast – By End-User
    1. Residential
    2. Commercial
    3. Industrial
  2. Germany Market Analysis, Insights, and Forecast – By End-User
    1. Residential
    2. Commercial
    3. Industrial
  3. France Market Analysis, Insights, and Forecast – By End-User
    1. Residential
    2. Commercial
    3. Industrial
  4. Italy Market Analysis, Insights, and Forecast – By End-User
    1. Residential
    2. Commercial
    3. Industrial
  5. Spain Market Analysis, Insights, and Forecast – By End-User
    1. Residential
    2. Commercial
    3. Industrial
  6. Rest of Europe Market Analysis, Insights, and Forecast – By End-User
    1. Residential
    2. Commercial
    3. Industrial
Asia Pacific Heat Pump Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
1. Key Findings
2. Market Analysis, Insights, and Forecast – By Type
  1. Air-Source
  2. Water-Source
  3. Geothermal
3. Market Analysis, Insights, and Forecast – By Capacity
  1. Up to 10 kW
  2. 10-20 kW
  3. Above 20 kW
4. Market Analysis, Insights, and Forecast – By End-User
  1. Residential
  2. Commercial
  3. Industrial
5. Market Analysis, Insights, and Forecast – By Country
  1. Japan Market Analysis, Insights, and Forecast – By End-User
    1. Residential
    2. Commercial
    3. Industrial
  2. India Market Analysis, Insights, and Forecast – By End-User
    1. Residential
    2. Commercial
    3. Industrial
  3. China Market Analysis, Insights, and Forecast – By End-User
    1. Residential
    2. Commercial
    3. Industrial
  4. Australia Market Analysis, Insights, and Forecast – By End-User
    1. Residential
    2. Commercial
    3. Industrial
  5. South Korea Market Analysis, Insights, and Forecast – By End-User
    1. Residential
    2. Commercial
    3. Industrial
  6. Rest of Asia Pacific Market Analysis, Insights, and Forecast – By End-User
    1. Residential
    2. Commercial
    3. Industrial
Latin America Heat Pump Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
1. Key Findings
2. Market Analysis, Insights, and Forecast – By Type
  1. Air-Source
  2. Water-Source
  3. Geothermal
3. Market Analysis, Insights, and Forecast – By Capacity
  1. Up to 10 kW
  2. 10-20 kW
  3. Above 20 kW
4. Market Analysis, Insights, and Forecast – By End-User
  1. Residential
  2. Commercial
  3. Industrial
5. Market Analysis, Insights, and Forecast – By Country
  1. Brazil Market Analysis, Insights, and Forecast – By End-User
    1. Residential
    2. Commercial
    3. Industrial
  2. Mexico Market Analysis, Insights, and Forecast – By End-User
    1. Residential
    2. Commercial
    3. Industrial
  3. Rest of Latin America Market Analysis, Insights, and Forecast – By End-User
    1. Residential
    2. Commercial
    3. Industrial
Middle East & Africa Heat Pump Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
1. Key Findings
2. Market Analysis, Insights, and Forecast – By Type
  1. Air-Source
  2. Water-Source
  3. Geothermal
3. Market Analysis, Insights, and Forecast – By Capacity
  1. Up to 10 kW
  2. 10-20 kW
  3. Above 20 kW
4. Market Analysis, Insights, and Forecast – By End-User
  1. Residential
  2. Commercial
  3. Industrial
5. Market Analysis, Insights, and Forecast – By Country
  1. GCC Market Analysis, Insights, and Forecast – By End-User
    1. Residential
    2. Commercial
    3. Industrial
  2. South Africa Market Analysis, Insights, and Forecast – By End-User
    1. Residential
    2. Commercial
    3. Industrial
  3. Rest of Middle East & Africa Market Analysis, Insights, and Forecast – By End-User
    1. Residential
    2. Commercial
    3. Industrial
Competitive Analysis
1. Company Market Share Analysis, 2023
2. Company Profile
  1. Danfoss
    1. Business Overview
    2. Product & Services Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  2. Daikin Industries, Ltd
    1. Business Overview
    2. Product & Services Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  3. Robert Bosch GmbH
    1. Business Overview
    2. Product & Services Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  4. Johnson Controls, Inc.
    1. Business Overview
    2. Product & Services Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  5. LG Electronics, Inc.
    1. Business Overview
    2. Product & Services Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  6. Hitachi, Ltd.
    1. Business Overview
    2. Product & Services Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  7. Ingersoll Rand Plc.
    1. Business Overview
    2. Product & Services Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  8. HAIER
    1. Business Overview
    2. Product & Services Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  9. Panasonic Holdings Corporation
    1. Business Overview
    2. Product & Services Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  10. Carrier
    1. Business Overview
    2. Product & Services Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  11. Fujitsu
    1. Business Overview
    2. Product & Services Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  12. Samsung
    1. Business Overview
    2. Product & Services Offerings
    3. Recent Developments
    4. Financials (Based on Availability)

Read Less

List of Figures

Figure 1: Global Heat Pump Market Revenue Breakdown (USD Billion, %) by Region, 2023 & 2032

Figure 2: Global Heat Pump Market Value Share (%), By Type, 2023 & 2032

Figure 3: Global Heat Pump Market Forecast (USD Billion), by Air-Source, 2019-2032

Figure 4: Global Heat Pump Market Forecast (USD Billion), by Water-Source, 2019-2032

Figure 5: Global Heat Pump Market Forecast (USD Billion), by Geothermal, 2019-2032

Figure 6: Global Heat Pump Market Value Share (%), By Capacity, 2023 & 2032

Figure 7: Global Heat Pump Market Forecast (USD Billion), by Up to 10 kW, 2019-2032

Figure 8: Global Heat Pump Market Forecast (USD Billion), by 10-20 kW, 2019-2032

Figure 9: Global Heat Pump Market Forecast (USD Billion), by Above 20 kW, 2019-2032

Figure 10: Global Heat Pump Market Value Share (%), By End-User, 2023 & 2032

Figure 11: Global Heat Pump Market Forecast (USD Billion), by Residential, 2019-2032

Figure 12: Global Heat Pump Market Forecast (USD Billion), by Commercial, 2019-2032

Figure 13: Global Heat Pump Market Forecast (USD Billion), by Industrial, 2019-2032

Figure 14: Global Heat Pump Market Value (USD Billion), by Region, 2023-2032

Figure 15: Global Heat Pump Market Value Share (%), by Region, 2023

Figure 16: North America Heat Pump Market Value Share (%), By Type, 2023 & 2032

Figure 17: North America Heat Pump Market Forecast (USD Billion), by Air-Source, 2019-2032

Figure 18: North America Heat Pump Market Forecast (USD Billion), by Water-Source, 2019-2032

Figure 19: North America Heat Pump Market Forecast (USD Billion), by Geothermal, 2019-2032

Figure 20: North America Heat Pump Market Value Share (%), By Capacity, 2023 & 2032

Figure 21: North America Heat Pump Market Forecast (USD Billion), by Up to 10 kW, 2019-2032

Figure 22: North America Heat Pump Market Forecast (USD Billion), by 10-20 kW, 2019-2032

Figure 23: North America Heat Pump Market Forecast (USD Billion), by Above 20 kW, 2019-2032

Figure 24: North America Heat Pump Market Value Share (%), By End-User, 2023 & 2032

Figure 25: North America Heat Pump Market Forecast (USD Billion), by Residential, 2019-2032

Figure 26: North America Heat Pump Market Forecast (USD Billion), by Commercial, 2019-2032

Figure 27: North America Heat Pump Market Forecast (USD Billion), by Industrial, 2019-2032

Figure 28: North America Heat Pump Market Value (USD Billion), by Country, 2023-2032

Figure 29: North America Heat Pump Market Value Share (%), by Country 2023

Figure 30: Europe Heat Pump Market Value Share (%), By Type, 2023 & 2032

Figure 31: Europe Heat Pump Market Forecast (USD Billion), by Air-Source, 2019-2032

Figure 32: Europe Heat Pump Market Forecast (USD Billion), by Water-Source, 2019-2032

Figure 33: Europe Heat Pump Market Forecast (USD Billion), by Geothermal, 2019-2032

Figure 34: Europe Heat Pump Market Value Share (%), By Capacity, 2023 & 2032

Figure 35: Europe Heat Pump Market Forecast (USD Billion), by Up to 10 kW, 2019-2032

Figure 36: Europe Heat Pump Market Forecast (USD Billion), by 10-20 kW, 2019-2032

Figure 37: Europe Heat Pump Market Forecast (USD Billion), by Above 20 kW, 2019-2032

Figure 38: Europe Heat Pump Market Value Share (%), By End-User, 2023 & 2032

Figure 39: Europe Heat Pump Market Forecast (USD Billion), by Residential, 2019-2032

Figure 40: Europe Heat Pump Market Forecast (USD Billion), by Commercial, 2019-2032

Figure 41: Europe Heat Pump Market Forecast (USD Billion), by Industrial, 2019-2032

Figure 42: Europe Heat Pump Market Value (USD Billion), by Country, 2023-2032

Figure 43: Europe Heat Pump Market Value Share (%), by Country 2023

Figure 44: Asia Pacific Heat Pump Market Value Share (%), By Type, 2023 & 2032

Figure 45: Asia Pacific Heat Pump Market Forecast (USD Billion), by Air-Source, 2019-2032

Figure 46: Asia Pacific Heat Pump Market Forecast (USD Billion), by Water-Source, 2019-2032

Figure 47: Asia Pacific Heat Pump Market Forecast (USD Billion), by Geothermal, 2019-2032

Figure 48: Asia Pacific Heat Pump Market Value Share (%), By Capacity, 2023 & 2032

Figure 49: Asia Pacific Heat Pump Market Forecast (USD Billion), by Up to 10 kW, 2019-2032

Figure 50: Asia Pacific Heat Pump Market Forecast (USD Billion), by 10-20 kW, 2019-2032

Figure 51: Asia Pacific Heat Pump Market Forecast (USD Billion), by Above 20 kW, 2019-2032

Figure 52: Asia Pacific Heat Pump Market Value Share (%), By End-User, 2023 & 2032

Figure 53: Asia Pacific Heat Pump Market Forecast (USD Billion), by Residential, 2019-2032

Figure 54: Asia Pacific Heat Pump Market Forecast (USD Billion), by Commercial, 2019-2032

Figure 55: Asia Pacific Heat Pump Market Forecast (USD Billion), by Industrial, 2019-2032

Figure 56: Asia Pacific Heat Pump Market Value (USD Billion), by Country, 2023-2032

Figure 57: Asia Pacific Heat Pump Market Value Share (%), by Country 2023

Figure 58: Latin America Heat Pump Market Value Share (%), By Type, 2023 & 2032

Figure 59: Latin America Heat Pump Market Forecast (USD Billion), by Air-Source, 2019-2032

Figure 60: Latin America Heat Pump Market Forecast (USD Billion), by Water-Source, 2019-2032

Figure 61: Latin America Heat Pump Market Forecast (USD Billion), by Geothermal, 2019-2032

Figure 62: Latin America Heat Pump Market Value Share (%), By Capacity, 2023 & 2032

Figure 63: Latin America Heat Pump Market Forecast (USD Billion), by Up to 10 kW, 2019-2032

Figure 64: Latin America Heat Pump Market Forecast (USD Billion), by 10-20 kW, 2019-2032

Figure 65: Latin America Heat Pump Market Forecast (USD Billion), by Above 20 kW, 2019-2032

Figure 66: Latin America Heat Pump Market Value Share (%), By End-User, 2023 & 2032

Figure 67: Latin America Heat Pump Market Forecast (USD Billion), by Residential, 2019-2032

Figure 68: Latin America Heat Pump Market Forecast (USD Billion), by Commercial, 2019-2032

Figure 69: Latin America Heat Pump Market Forecast (USD Billion), by Industrial, 2019-2032

Figure 70: Latin America Heat Pump Market Value (USD Billion), by Country, 2023-2032

Figure 71: Latin America Heat Pump Market Value Share (%), by Country 2023

Figure 72: Middle East & Africa Heat Pump Market Value Share (%), By Type, 2023 & 2032

Figure 73: Middle East & Africa Heat Pump Market Forecast (USD Billion), by Air-Source, 2019-2032

Figure 74: Middle East & Africa Heat Pump Market Forecast (USD Billion), by Water-Source, 2019-2032

Figure 75: Middle East & Africa Heat Pump Market Forecast (USD Billion), by Geothermal, 2019-2032

Figure 76: Middle East & Africa Heat Pump Market Value Share (%), By Capacity, 2023 & 2032

Figure 77: Middle East & Africa Heat Pump Market Forecast (USD Billion), by Up to 10 kW, 2019-2032

Figure 78: Middle East & Africa Heat Pump Market Forecast (USD Billion), by 10-20 kW, 2019-2032

Figure 79: Middle East & Africa Heat Pump Market Forecast (USD Billion), by Above 20 kW, 2019-2032

Figure 80: Middle East & Africa Heat Pump Market Value Share (%), By End-User, 2023 & 2032

Figure 81: Middle East & Africa Heat Pump Market Forecast (USD Billion), by Residential, 2019-2032

Figure 82: Middle East & Africa Heat Pump Market Forecast (USD Billion), by Commercial, 2019-2032

Figure 83: Middle East & Africa Heat Pump Market Forecast (USD Billion), by Industrial, 2019-2032

Figure 84: Middle East & Africa Heat Pump Market Value (USD Billion), by Country, 2023-2032

Figure 85: Middle East & Africa Heat Pump Market Value Share (%), by Country 2023

List of Tables

Table 1: Global Heat Pump Market Value (USD Billion) Forecast, By Type, 2019-2032

Table 2: Global Heat Pump Market Value (USD Billion) Forecast, By Capacity, 2019-2032

Table 3: Global Heat Pump Market Value (USD Billion) Forecast, By End-User, 2019-2032

Table 4: Global Heat Pump Market Value (USD Billion) Forecast, By Region, 2019-2032

Table 5: North America Heat Pump Market Value (USD Billion) Forecast, By Type, 2019-2032

Table 6: North America Heat Pump Market Value (USD Billion) Forecast, By Capacity, 2019-2032

Table 7: North America Heat Pump Market Value (USD Billion) Forecast, By End-User, 2019-2032

Table 8: North America Heat Pump Market Value (USD Billion) Forecast, By Country, 2019-2032

Table 9: U.S. Heat Pump Market Value (USD Billion) Forecast, By End-User, 2019-2032

Table 10: Canada Heat Pump Market Value (USD Billion) Forecast, By End-User, 2019-2032

Table 11: Europe Heat Pump Market Value (USD Billion) Forecast, By Type, 2019-2032

Table 12: Europe Heat Pump Market Value (USD Billion) Forecast, By Capacity, 2019-2032

Table 13: Europe Heat Pump Market Value (USD Billion) Forecast, By End-User, 2019-2032

Table 14: Europe Heat Pump Market Value (USD Billion) Forecast, By Country, 2019-2032

Table 15: UK Heat Pump Market Value (USD Billion) Forecast, By End-User, 2019-2032

Table 16: Germany Heat Pump Market Value (USD Billion) Forecast, By End-User, 2019-2032

Table 17: France Heat Pump Market Value (USD Billion) Forecast, By End-User, 2019-2032

Table 18: Italy Heat Pump Market Value (USD Billion) Forecast, By End-User, 2019-2032

Table 19: Spain Heat Pump Market Value (USD Billion) Forecast, By End-User, 2019-2032

Table 20: Rest of Europe Heat Pump Market Value (USD Billion) Forecast, By End-User, 2019-2032

Table 21: Asia Pacific Heat Pump Market Value (USD Billion) Forecast, By Type, 2019-2032

Table 22: Asia Pacific Heat Pump Market Value (USD Billion) Forecast, By Capacity, 2019-2032

Table 23: Asia Pacific Heat Pump Market Value (USD Billion) Forecast, By End-User, 2019-2032

Table 24: Asia Pacific Heat Pump Market Value (USD Billion) Forecast, By Country, 2019-2032

Table 25: Japan Heat Pump Market Value (USD Billion) Forecast, By End-User, 2019-2032

Table 26: India Heat Pump Market Value (USD Billion) Forecast, By End-User, 2019-2032

Table 27: China Heat Pump Market Value (USD Billion) Forecast, By End-User, 2019-2032

Table 28: Australia Heat Pump Market Value (USD Billion) Forecast, By End-User, 2019-2032

Table 29: South Korea Heat Pump Market Value (USD Billion) Forecast, By End-User, 2019-2032

Table 30: Rest of Asia Pacific Heat Pump Market Value (USD Billion) Forecast, By End-User, 2019-2032

Table 31: Latin America Heat Pump Market Value (USD Billion) Forecast, By Type, 2019-2032

Table 32: Latin America Heat Pump Market Value (USD Billion) Forecast, By Capacity, 2019-2032

Table 33: Latin America Heat Pump Market Value (USD Billion) Forecast, By End-User, 2019-2032

Table 34: Latin America Heat Pump Market Value (USD Billion) Forecast, By Country, 2019-2032

Table 35: Brazil Heat Pump Market Value (USD Billion) Forecast, By End-User, 2019-2032

Table 36: Mexico Heat Pump Market Value (USD Billion) Forecast, By End-User, 2019-2032

Table 37: Rest of Latin America Heat Pump Market Value (USD Billion) Forecast, By End-User, 2019-2032

Table 38: Middle East & Africa Heat Pump Market Value (USD Billion) Forecast, By Type, 2019-2032

Table 39: Middle East & Africa Heat Pump Market Value (USD Billion) Forecast, By Capacity, 2019-2032

Table 40: Middle East & Africa Heat Pump Market Value (USD Billion) Forecast, By End-User, 2019-2032

Table 41: Middle East & Africa Heat Pump Market Value (USD Billion) Forecast, By Country, 2019-2032

Table 42: GCC Heat Pump Market Value (USD Billion) Forecast, By End-User, 2019-2032

Table 43: South Africa Heat Pump Market Value (USD Billion) Forecast, By End-User, 2019-2032

Table 44: Rest of Middle East & Africa Heat Pump Market Value (USD Billion) Forecast, By End-User, 2019-2032

Table 45: Company Market Share Analysis, 2023

STUDY PERIOD: 2019-2032
BASE YEAR:2023
HISTORICAL DATA: 2019-2022
NO OF PAGES: 175

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