"Actionable Insights to Fuel Your Growth"

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: February 03, 2025 | Format: PDF | Report ID: FBI100920

 

  1. Introduction
    1. Research Scope
    2. Market Segmentation
    3. Research Methodology
    4. Definitions & Assumptions
  2. Executive Summary
  3. Market Dynamics
    1. Market Drivers
    2. Market Restraints
    3. Market Opportunities
  4. 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 
  5. 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
  6. 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
  7. 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
  8. 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
  9. 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
  10. 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
  11. 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

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

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

Heat Pump Market Size, Share and Global Industry Trend Forecast till 2032
  • 2019-2032
  • 2023
  • 2019-2022
  • 175
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Energy & Power Clients
Bosch
Abb
Caterpillar
Ntt
Schlumberger
Honda
Baker Hughes
BorgWarner Inc.
Danfoss
Halliburton
JSW Group
Kawasaki
Mitsubishi Heavy Industries
Reliance
Rio Tinto
Schaffner
Shell
Sumitomo Precision Products
Total Energies SE