2025-2033 年熱泵市場報告（按額定容量、產品類型、最終用途領域和地區）

2024年，全球熱泵市場規模達642億美元。展望未來， IMARC Group預計到2033年，市場規模將達到1,290億美元，2025-2033年期間的複合年成長率（CAGR）為8.1%。城鎮化和基礎設施建設的快速發展、人們環保意識的增強和對永續生活的偏好，以及為滿足住宅、商業和工業領域對節能供暖和製冷解決方案日益成長的需求而開發的環保技術，都是推動市場成長的一些因素。此外，亞太地區引領著熱泵市場，這得益於城鎮化進程加快、政府的利好舉措、對節能技術的需求激增以及住宅、商業和工業應用領域的持續技術進步，從而促進了該地區熱泵市場的吸收和擴張。

熱泵市場分析：

• 主要市場驅動力：能源價格上漲和日益加劇的環境擔憂促使人們使用熱泵作為傳統供暖系統的有效替代品，市場正在經歷強勁成長。此外，政府的支持和鼓勵使用再生能源和節能電器的法規也促進了市場的成長。
• 主要市場趨勢：由於與化石燃料系統相比，電動熱泵的碳足跡較小，因此市場正在轉向電動熱泵。此外，物聯網 (IoT) 和人工智慧 (AI) 等智慧技術在熱泵中的應用，有助於提升能源管理和營運效率，也對市場產生了正面影響。
• 地理趨勢：受政府支持政策、大量基礎設施投資以及對永續能源解決方案的高需求推動，亞太地區佔據市場主導地位。
• 競爭格局：該行業的一些主要市場參與者包括大金工業株式會社、三菱電機株式會社、美的集團、NIBE Industrier AB 公司、英格索蘭、丹佛斯、松下公司、GDC Group Limited、威斯曼製造公司、羅伯特博世有限公司和聯合技術公司。
• 挑戰與機會：昂貴的安裝費用和複雜的技術，尤其是在低度開發地區，正在影響熱泵市場的收入。然而，開發經濟高效的解決方案的機會以及對永續供暖技術日益成長的需求有望克服這些困難。

熱泵市場趨勢：

都市化進程加快，基礎建設加快

根據聯合國開發計畫署（UNDP）發布的《中國數據（2023）》報告，自1982年以來，中國城鎮化率成長了兩倍多，到2023年將達到66.2%。城鎮化和基礎設施建設的快速發展，尤其是在發展中國家，正在催化熱泵的需求。城市建設的不斷增加以及新住宅和商業建築的興建，推動了對現代化節能供暖和製冷方案的需求。熱泵因其高效、環保和靈活性，在建築領域越來越受到青睞。智慧城市和綠色建築的蓬勃發展也促進了熱泵的應用，這對於提高能源效率和減少城市基礎設施對環境的影響至關重要。

技術進步與創新

與舊款熱泵相比，現代熱泵效率更高、適應性更強，即使在極寒環境下也能在不同天氣條件下展現出更強的性能。變速壓縮機、冷媒改進以及與智慧家庭的整合等技術進步，正在提升熱泵的可靠性、易用性和多功能性。物聯網 (IoT) 與人工智慧 (AI) 的結合，可改善能源管理和預測性維護，最終提升使用者體驗和營運效率。這些技術進步不僅提升了熱泵對使用者的吸引力，也拓寬了其在住宅、商業和工業環境中的潛力。為了順應熱泵市場的最新發展，美的於 2024 年 5 月推出了 EVOX G3 熱泵系統，該系統採用改進的蒸汽噴射技術和低 GWP 冷媒 R454B 等先進技術，旨在為寒冷地區提供高效供暖。

永續生活意識和偏好日益增強

人們越來越關注能源使用對環境的影響，並選擇環保節能的能源。熱泵因其能夠大幅降低能源消耗和碳排放而廣受青睞，這與人們向永續生活方式轉變的趨勢相契合。關於熱泵長期經濟和環境效益（例如降低水電費和減少碳足跡）的資訊廣泛傳播，進一步激勵了屋主和企業轉向這項技術。需求的成長促使製造商打造更先進、更有效率、外觀更美觀的新型改良熱泵。 2023年3月，三菱電機特靈暖通空調美國公司推出了intelli-HEAT™雙燃料系統，該系統融合了熱泵和燃氣爐技術，以減少對化石燃料的依賴，同時在極寒天氣下提供持續可靠的供暖。

熱泵市場細分：

依額定容量分類：

• 高達 10 千瓦
• 10-20千瓦
• 20-30千瓦
• 30千瓦以上

10 kW 以下佔據大部分市場佔有率

10千瓦以下的功率佔據了大部分市場佔有率，因為它在家庭中被廣泛使用。它因其能為個人住宅和小型公寓提供高效的供暖和製冷解決方案而受到青睞。價格實惠且安裝過程相對簡單，使其成為希望降低能源成本並最大程度減少碳足跡的屋主的理想選擇。此外，再生能源的日益普及和使用，以及政府對節能電器的獎勵，也對這一細分市場的普及發揮了至關重要的作用。

按產品類型細分：

• 空氣源熱泵
• 地源熱泵
• 水源熱泵
• 排氣熱泵
• 其他

空氣源熱泵佔業界最大佔有率

根據熱泵市場預測，空氣源熱泵 (ASHP) 佔據最大市場佔有率，這得益於其廣泛的應用範圍和成本效益。 ASHP 之所以受到青睞，是因為它即使在寒冷的氣溫下也能從室外空氣中吸收熱量，並有效地將其輸送到室內進行加熱。與地源熱泵或水源熱泵相比，ASHP 的安裝相對簡單且成本更低，使其成為住宅和商業用途的可行選擇。技術的進步正在提高 ASHP 的效率和性能，使其在不同氣候條件下都廣受歡迎。此外，日益重視降低碳排放以及政府對再生能源選擇的激勵措施是 ASHP 被廣泛接受的關鍵因素。 2023 年，大金英國公司確認收購羅伯特希思供暖有限公司 (Robert Heath Heating Ltd)，以增強其 ASHP 服務能力，協助英國向低碳供暖轉型。此次收購旨在增強大金在英國各地為其熱泵系統提供服務的能力。

按最終用途領域分類：

• 住宅
• 商業的
• 飯店業
• 零售
• 教育
• 食品和飲料
• 紙張和紙漿
• 化學品和石化產品
• 其他

住宅代表著領先的細分市場

根據熱泵市場前景預測，由於家庭對節能環保的暖氣和冷氣方案的需求日益成長，住宅市場佔據主導地位。屋主優先考慮永續性和成本節約，導致住宅熱泵的採用率不斷上升。政府的激勵措施和補貼也有助於推廣節能電器，並鼓勵從傳統供暖系統轉向熱泵。智慧家庭技術的日益普及也與此趨勢相契合，因為先進的熱泵可以連接到家庭自動化系統，從而提高便利性和能源效率。此外，人們越來越意識到熱泵帶來的長期經濟效益，例如降低水電費和提升房產價值，這也推動了住宅領域對熱泵的需求。大金歐洲公司於2024年發布了其首款R290家用熱泵Altherma 4 HS-S+系列。此系列有四種不同尺寸，可在低至-28°C的溫度下可靠運行，同時還能提供高達75°C的水流溫度。

按地區分類：

• 歐洲
• 北美洲
• 亞太地區
• 拉丁美洲
• 中東和非洲

亞太地區引領市場，佔據最大的熱泵市場佔有率

該報告還對所有主要區域市場進行了全面分析，包括歐洲、北美、亞太地區、中東和非洲以及拉丁美洲。報告指出，亞太地區是熱泵最大的區域市場。

由於快速的城市化、經濟成長和可支配收入的增加，亞太地區佔據了最大的市場佔有率。建築業日益成長的需求以及對能源效率和永續性的日益重視，推動了住宅和商業場所對熱泵的需求。政府支持再生能源和環境保護的政策和努力也促進了該地區熱泵的普及。此外，熱泵系統的廣泛接受和使用也歸因於技術進步及其日益成長的經濟實惠性。對減少碳排放和提高能源安全的關注正在推動熱泵市場的成長。 2023年3月，大金工業宣布計畫將印度轉變為其主要的空調和熱泵製造中心，到2025年將出口量增加三倍。該公司計劃透過擴大在印度的生產能力來利用印度不斷成長的需求。

區域要點：

歐洲熱泵市場分析

歐洲在熱泵技術的應用方面處於全球領先地位，其嚴格的能源效率指令、脫碳目標以及政府訂定的激勵措施，旨在取代化石燃料供暖，這些都為熱泵技術的應用做出了貢獻。西歐和北歐國家正在新建和改造建築中廣泛安裝熱泵，尤其是在住宅和輕型商業建築中。補貼、碳定價以及要求低碳供暖的建築法規等政策工具正在加速熱泵的普及。此外，透過《歐洲綠色協議》，暖氣電氣化符合該地區的整體淨零目標。空氣源熱泵也因其與現有散熱器系統和水暖加熱基礎設施的兼容性而成為最受歡迎的選擇。不斷上漲的天然氣價格和地緣政治能源問題進一步刺激了向電熱解決方案的轉變。因此，歐洲熱泵市場在規模和價值方面穩步成長，尤其是在城市住宅和公共基礎設施升級改造項目中。

北美熱泵市場分析

北美熱泵市場正經歷漸進式變革，主要受永續發展目標、監管體系和消費者節能意識的推動。在美國和加拿大，住宅和商業供暖系統向電氣化轉型的步伐正在加快，尤其是在那些推出脫碳要求的州和省份。聯邦和各州的激勵措施，例如《通貨膨脹削減法案》等法案下的退稅和稅收抵免，正在降低熱泵的價格。寒冷氣候熱泵技術正在快速發展，即使在先前使用燃氣或燃油爐的北方氣候條件下，也已具備應用條件。此外，由於熱泵效率更高、長期成本更低，傳統暖通空調系統的更換週期也越來越傾向使用熱泵。開發商正在將這些系統應用於綠色住宅和永續建築。因此，在政策舉措、綠色建築規範和技術進步的巨大推動下，北美熱泵市場正在穩步擴張。

亞太熱泵市場分析

受能源需求成長、城鎮化和經濟成長的推動，亞太地區是一個充滿活力且快速擴張的熱泵市場。在政府措施、碳中和承諾和節能政策的推動下，中國、日本、韓國和澳洲是主要的熱泵應用市場。住宅領域對節能供暖和冷氣系統的需求尤其呈上升趨勢。在中國和印度等人口稠密的國家，由於重視綠色建築和永續基礎設施，市場滲透率正在不斷提高。基於逆變器的技術和可變冷媒流量系統的技術創新正在增強系統在不同氣候條件下的靈活性。此外，再生能源發電投資的不斷增加，使熱泵成為減少建築業排放的經濟選擇。商業應用也在興起，尤其是在飯店、教育和醫療建築領域。在政策支援和區域製造基地的推動下，亞太熱泵市場預計將在國內需求和出口拉動的擴張的推動下實現強勁成長。

拉丁美洲熱泵市場分析

受綠色能源解決方案和氣候敏感型建築設計日益成長的推動，拉丁美洲熱泵市場正在緩慢成長。儘管市場成熟度低於已開發地區，但巴西、智利和墨西哥的熱泵市場，尤其是在商業和酒店領域，透過應用熱泵技術，其成長正在不斷加快。都市化、電力供應的改善以及消費者對節能設備的了解，共同推動市場的成長。熱泵熱水器作為一種經濟高效且環保的熱水器，在氣候變暖的地區越來越受歡迎。目前，各地區政府正開始實施能源效率標識和激勵計劃，以推動市場成長。然而，價格承受能力和公眾認知度仍然是大規模住宅應用的挑戰。隨著全球製造商的擴張和國內製造能力的提升，拉丁美洲熱泵市場預計將溫和擴張，尤其是在中高收入城市市場以及旅遊和醫療保健等熱水使用量較高的行業。

中東和非洲熱泵市場分析

中東和非洲 (MEA) 熱泵市場尚處於起步階段，但隨著城鎮化進程加快、電力覆蓋範圍擴大以及消費者對節能氣候控制解決方案的偏好轉變，預計該市場將擁有顯著的長期成長前景。在中東，冷氣是主要需求，熱泵主要因其雙重優勢而被使用——在冬季供暖的同時高效處理冷負荷。海灣國家正在尋求永續的選擇，以支持「2030 願景」和相應的綠色發展計畫。在南非和東非地區，混合熱泵和太陽能輔助熱水技術正在被研究用於家庭和機構應用。醫院、學校和旅館的商業用途正在逐漸升溫。國際發展融資和基礎設施投資可能為未來的成長提供資金。整體而言，中東和非洲熱泵市場展現出潛力，但規模發展取決於經濟承受能力、消費者意識和電網穩定性。

本報告回答的關鍵問題

• 熱泵市場規模有多大
• 熱泵市場潛力有多大
• 2025-2033年全球熱泵市場的預期成長率是多少
• 推動全球熱泵市場的關鍵因素有哪些
• COVID-19 對全球熱泵市場有何影響
• 根據額定容量，全球熱泵市場如何分類
• 根據產品類型，全球熱泵市場如何分類
• 根據最終用途領域，全球熱泵市場如何分類
• 全球熱泵市場的主要區域有哪些
• 10. 頂級熱泵製造商有哪些？

本報告回答的關鍵問題

• 熱泵市場規模有多大？熱泵市場潛力有多大？
• 2025 年至 2033 年期間全球熱泵市場的預期成長率為何？
• 推動全球熱泵市場發展的關鍵因素有哪些？
• COVID-19 對全球熱泵市場有何影響？
• 根據額定容量，全球熱泵市場如何分佈？
• 根據產品類型，全球熱泵市場是如何分佈的？
• 根據最終用途領域，全球熱泵市場是如何分佈的？
• 全球熱泵市場的主要區域有哪些？
• 頂級熱泵製造商有哪些？

目錄

第1章：前言

第2章：範圍與方法

• 研究目標
• 利害關係人
• 資料來源
  • 主要來源
  • 次要來源
• 市場評估
  • 自下而上的方法
  • 自上而下的方法
• 預測方法

第3章：執行摘要

第4章：簡介

• 概述
• 主要行業趨勢

第5章：全球熱泵市場

• 市場概覽
• 市場表現
• COVID-19的影響
• 市場區隔：依額定容量
• 市場區隔：依產品類型
• 市場區隔：依最終用途領域
• 市場區隔：按地區
• 市場預測

第6章：SWOT分析

• 概述
• 優勢
• 弱點
• 機會
• 威脅

第7章：價值鏈分析

第 8 章：波特五力分析

• 概述
• 買家的議價能力
• 供應商的議價能力
• 競爭程度
• 新進入者的威脅
• 替代品的威脅

第9章：市場區隔：依額定容量

• 高達 10 千瓦
• 10-20千瓦
• 20-30千瓦
• 30千瓦以上

第10章：市場區隔：依產品類型

• 空氣源熱泵
• 地源熱泵
• 水源熱泵
• 排氣熱泵
• 其他

第 11 章：市場區隔：依最終用途領域

• 住宅
• 商業的
• 飯店業
• 零售
• 教育
• 食品和飲料
• 紙張和紙漿
• 化學品和石化產品
• 其他

第12章：市場區隔：按地區

• 歐洲
• 北美洲
• 亞太地區
• 中東和非洲
• 拉丁美洲

第13章：價格分析

第 14 章：競爭格局

• 市場結構
• 關鍵參與者
• 關鍵參與者簡介
  • Daikin Industries, Ltd
  • Mitsubishi Electric Corporation
  • MIDEA GROUP
  • NIBE Industrier AB, Corp
  • Ingersoll Rand
  • Danfoss
  • Panasonic Corporation
  • GDC Group Limited
  • Viessmann Manufacturing Company Inc
  • Robert Bosch GmbH
  • United Technologies Corporation

The global heat pumps market size reached USD 64.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 129.0 Billion by 2033, exhibiting a growth rate (CAGR) of 8.1% during 2025-2033. The rapid pace of urbanization and infrastructure development, increasing awareness about environment and preference for sustainable living, and development of eco-friendly technologies to meet the rising demand for energy-efficient heating and cooling solutions in residential, commercial, and industrial sectors are some of the factors impelling the market growth. Furthermore, Asia Pacific leads the heat pump market, fuelled by enhanced urbanisation, favorable government initiatives, surging demand for energy-efficient technologies, and ongoing technological advancement in residential, commercial, and industrial applications, promoting regional uptake and expansion.

Heat Pumps Market Analysis:

• Major Market Drivers: The market is experiencing strong growth owing to the increasing energy prices and rising environmental worries that are encouraging the use of heat pumps as an effective substitute for conventional heating systems. In addition, government support and regulations that encourage the use of renewable energy and energy-efficient appliances are strengthening the market growth.
• Key Market Trends: There is a shift towards electric heat pumps because of their lesser carbon footprint compared to fossil fuel systems. Furthermore, the employment of smart technologies like the internet of things (IoT) and artificial intelligence (AI) in heat pumps to enhance energy management and operational efficiency is positively influencing the market.
• Geographical Trends: Asia Pacific dominates the market, driven by supportive government policies, substantial investments in infrastructure, and a high demand for sustainable energy solutions.
• Competitive Landscape: Some of the major market players in the industry include Daikin Industries, Ltd., Mitsubishi Electric Corporation, MIDEA GROUP, NIBE Industrier AB, Corp., Ingersoll Rand, Danfoss, Panasonic Corporation, GDC Group Limited, Viessmann Manufacturing Company Inc., Robert Bosch GmbH, and United Technologies Corporation.
• Challenges and Opportunities: Expensive setup fees and complicated technology, especially in less developed areas, are influencing the heat pumps market revenue. However, opportunities in the development of cost-effective solutions and the growing demand for sustainable heating technologies are expected to overcome these complications.

Heat Pumps Market Trends:

Rising Urbanization and Infrastructure Development

The rate of urbanization increased by more than three times since 1982, reaching 66.2% in 2023, according to the" China in Numbers (2023)" report by the United Nations Development Programme (UNDP). The fast rate of urbanization and development of infrastructure, particularly in developing countries, is catalyzing the heat pumps demand. The rising construction of cities and the development of new residential and commercial structures are driving the need for contemporary, energy-saving heating and cooling options. Heat pumps are gaining traction in construction because of their effectiveness, eco-friendliness, and flexibility. The growing construction of smart cities and green buildings is encouraging the adoption of heat pumps, which are essential in achieving energy efficiency and reducing the environmental impacts of urban infrastructure.

Technological Advancements and Innovation

Modern heat pumps are more efficient and adaptable compared to older models, showcasing enhanced capabilities in different weather conditions, even in extremely cold environments. Advancements like variable speed compressors, improved refrigerants, and integration with smart homes are increasing the reliability, ease of use, and versatility of heat pumps. Combining Internet of Things (IoT) and artificial intelligence (AI) results in improved energy management and predictive maintenance, ultimately enhancing user experience and operational efficiency. These advancements in technology not only improve the appeal of heat pumps for users but also broaden their potential in residential, commercial, and industrial settings. In line with the heat pumps market recent developments, in May 2024, Midea introduced the EVOX G3 heat pump system, which includes advanced technologies such as improved vapor injection and low GWP refrigerant R454B, intended for effective heating in colder regions.

Growing Awareness and Preference for Sustainable Living

People are becoming more concerned about how their energy use affects the environment and are choosing to use eco-friendly and energy-efficient options. Heat pumps are widely preferred due to their ability to greatly decrease energy usage and carbon emissions, aligning with the shift towards sustainable lifestyles. The widespread dissemination of information regarding the long-term economic and environmental benefits of heat pumps, such as lower utility bills and reduced carbon footprints, further motivates both homeowners and businesses to transition to this technology. The increase in need is encouraging manufacturers to create new and improved heat pump models that are more advanced, efficient, and visually appealing. In March 2023, Mitsubishi Electric Trane HVAC US introduced the intelli-HEAT(TM) Dual Fuel System, which merges heat pump and gas furnace technology to reduce dependence on fossil fuels while providing consistent, reliable heating in extremely cold weather.

Heat Pumps Market Segmentation:

Breakup by Rated Capacity:

• Up to 10 kW
• 10-20 kW
• 20-30 kW
• Above 30 kW

Up to 10 kW accounts for the majority of the market share

Up to 10 kW accounts for the majority of the market share because it is widely used in homes. It is preferred for its effectiveness in offering heating and cooling solutions for individual homes and small apartments. The affordability and relatively simple installation process make it an attractive option for homeowners looking to reduce energy costs and minimize their carbon footprint. Furthermore, the growing recognition and use of renewable energy sources, along with government rewards for energy-efficient appliances, also play a vital role in the prevalence of this segment.

Breakup by Product Type:

• Air Source Heat Pump
• Ground Source Heat Pump
• Water Source Heat Pump
• Exhaust Air Heat Pump
• Others

Air source heat pump holds the largest share of the industry

Air source heat pump (ASHP) represents the largest segment according to the heat pumps market forecast, driven by its wide range of applications and cost efficiency. ASHP is preferred as it can draw heat from the outdoor air, even in cold temperatures, and effectively move it indoors for heating. It is relatively easier and less expensive to set up than ground or water source heat pumps, making it a viable choice for residential and commercial purposes. Advancements in technology are increasing the efficiency and performance of ASHP, contributing to its popularity across different climate conditions. Furthermore, the growing emphasis on lowering carbon emissions and the presence of government incentives for renewable energy options are key factors in the widespread acceptance of ASHP. In 2023, Daikin UK confirmed the purchase of Robert Heath Heating Ltd to improve its ability to provide services for ASHP, aiding the UK in its shift to low-carbon heating. The goal of the acquisition was to enhance Daikin's ability to service its heat pump systems throughout the UK.

Breakup by End Use Sector:

• Residential
• Commercial
• Hospitality
• Retail
• Education
• Food & Beverage
• Paper & Pulp
• Chemicals & Petrochemicals
• Others

Residential represents the leading market segment

Residential dominates the market, as per the heat pumps market outlook, owing to the growing need for energy-efficient and eco-friendly heating and cooling options in households. Homeowners are prioritizing sustainability and cost savings, leading to a rise in the adoption of heat pumps for residential use. Government incentives and subsidies also help to promote energy-efficient appliances and encourage the shift from traditional heating systems to heat pumps. The increasing popularity of smart home technologies aligns with this trend, as advanced heat pumps can be connected to home automation systems to improve convenience and energy efficiency. Furthermore, the growing awareness about the long-term economic benefits, such as lower utility bills and increased property values, is driving the demand for heat pumps in the residential sector. In 2024, Daikin Europe revealed that its Altherma 4 HS-S+ series, the company's first R290 residential heat pump. It comes in four different sizes and can function dependably in temperatures as low as -28°C while also delivering water flow temperatures of up to 75°C.

Breakup by Region:

• Europe
• North America
• Asia Pacific
• Latin America
• Middle East and Africa

Asia Pacific leads the market, accounting for the largest heat pumps market share

The report has also provided a comprehensive analysis of all the major regional markets, which include Europe, North America, Asia Pacific, the Middle East and Africa, and Latin America. According to the report, Asia Pacific represents the largest regional market for heat pumps.

Asia Pacific holds the biggest market share due to rapid urbanization, economic growth, and rising disposable incomes. The increasing need in the construction sector and the growing emphasis on energy efficiency and sustainability are driving the need for heat pumps in residential and commercial settings. Government policies and efforts to support renewable energy and environmental preservation are also enhancing the uptake of heat pumps in the region. Furthermore, the widespread acceptance and use of heat pump systems are also attributed to technological advancements and their growing affordability. The focus on decreasing carbon emissions and improving energy security is bolstering the heat pumps market growth. In March 2023, Daikin Industries revealed intentions to transform India into its primary manufacturing center for air conditioners and heat pumps to increase exports by three times by the year 2025. The company planned to take advantage of the rising demand in India by expanding production capabilities in the country.

Key Regional Takeaways:

Europe Heat Pumps Market Analysis

Europe is a global leader in the uptake of heat pump technology, with stringent energy efficiency directives, decarbonization targets, and government-sponsored incentives to displace fossil-fuel-based heating contributing to it. Western and Northern European countries are seeing widespread installations in new constructions and retrofits, especially in residential and light commercial applications. Policy tools like subsidies, carbon pricing, and building regulations requiring low-carbon heating are accelerating heat pump adoption. Additionally, heating electrification fits into the overall net-zero objectives in the region through the European Green Deal. Air-to-water heat pumps are also most preferred for compatibility with current radiator systems and hydronic heating infrastructure. Increasingly high natural gas prices and geopolitical energy issues further spurred the transition toward electric heat solutions. Consequently, the Europe heat pumps market is growing steadily in volume and value, particularly in urban residential and public infrastructure upgrade activities.

North America Heat Pumps Market Analysis

North America's heat pump market is experiencing gradual change, driven primarily by sustainability targets, regulatory schemes, and energy savings awareness among consumers. In the United States and Canada, the shift towards electrification of heating systems in residential and commercial segments is picking pace, especially in states and provinces that have decarbonization requirements. Federal and state incentives, such as rebates and tax credits under bills such as the Inflation Reduction Act, are making heat pumps more affordable. The technology for cold-climate heat pumps is rapidly evolving, making adoption possible even in northern climates previously served by gas or oil furnaces. Furthermore, the replacement cycle of conventional HVAC systems is increasingly tending towards heat pumps because of enhanced efficiency and long-term cost savings. Developers are incorporating these systems in green housing and sustainable buildings. The North America heat pumps market, therefore, is expanding steadily with an immense thrust from policy initiatives, green building codes, and technological advancements.

Asia Pacific Heat Pumps Market Analysis

Asia Pacific is a vibrant and fast-expanding market for heat pumps driven by rising energy needs, urbanization, and economic growth. China, Japan, South Korea, and Australia are among the primary adopters, driven by government initiatives and carbon-neutrality commitments and energy conservation policies. The residential segment, especially, is seeing an uptrend in demand for energy-efficient heating and cooling systems. In densely populated countries such as China and India, market penetration is growing due to the emphasis on green buildings and sustainable infrastructure. Technological innovations in inverter-based technology and variable refrigerant flow systems are enhancing system flexibility in diverse climates. Furthermore, rising investments in renewable generation of electricity make heat pumps an economical option to abate building sector emissions. Commercial applications are on the rise as well, especially in hospitality, educational, and healthcare buildings. With policy backing and regional manufacturing bases, the Asia Pacific heat pumps market is set for strong growth, driven by domestic demand as well as export-led expansion.

Latin America Heat Pumps Market Analysis

The Latin American heat pumps market is slowly growing, aided by increased interest in green energy solutions and climate-sensitive building design. Although market maturity is lower than in advanced regions, growth through adoption in Brazil, Chile, and Mexico, especially in commercial and hotel segments, is increasing. Urbanization, combined with improved access to electricity and consumer knowledge of energy-efficient equipment, is driving the market growth. Heat pump water heaters are gaining popularity as a cost-effective and environmentally friendly option for warmer climates. Regional governments are now starting to implement energy-efficiency labeling and incentive programs to drive market growth. Affordability and awareness continue to pose challenges for mass residential adoption. As global manufacturers expand their presence and domestic manufacturing capacity improves, the Latin America heat pumps market is likely to expand moderately, particularly in mid-to-high income urban markets and industries with high hot water usage such as tourism and healthcare.

Middle East and Africa Heat Pumps Market Analysis

MEA heat pumps market is still in the nascent phase but is expected to have significant long-term growth prospects on account of rising urbanization, expanding access to electricity, and changing consumer preferences towards energy-efficient climate control solutions. In the Middle East, where cooling represents a major necessity, heat pumps are mainly being used for their dual advantage-supplying heating in winter months while handling cooling loads efficiently. Gulf countries are seeking sustainable options to support Vision 2030 and corresponding green development plans. In South Africa and East African regions, hybrid heat pump and solar-assisted water heating technologies are being researched for domestic and institutional applications. Commercial uses in hospitals, schools, and hotels are slowly picking up steam. International development finance and infrastructure investments may finance future growth. In total, the Middle East and Africa heat pump market demonstrates potential, but scale-up is subject to affordability, consciousness, and grid stability.

Competitive Landscape:

• The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the industry include Daikin Industries, Ltd., Mitsubishi Electric Corporation, MIDEA GROUP, NIBE Industrier AB, Corp., Ingersoll Rand, Danfoss, Panasonic Corporation, GDC Group Limited, Viessmann Manufacturing Company Inc., Robert Bosch GmbH, United Technologies Corporation, etc.
• Major heat pump companies are focusing on improving the efficiency and performance of their products through innovation and technological advancements. They are making investments in research operations to launch advanced heat pumps with intelligent capabilities, enhanced energy efficiency, and reduced environmental footprint. Strategic alliances and cooperative efforts are being established to broaden their market presence and enhance their distribution channels. Businesses are also involved in mergers and acquisitions (M&A) to strengthen their market presence and broaden their range of products. Moreover, they are taking advantage of government incentives and policies that support renewable energy to increase their sales and market share. In May 2024, Daikin declared five commitments to boost heat pump supply in California, backing the state's aim to have six million heat pumps in use by 2030. This involved intentions to manufacture one million heat pumps and increase local staff and partnerships.

Key Questions Answered in This Report

• 1.What is the size of the heat pump market?
• 2.What is the potential of heat pump market?
• 3.What is the expected growth rate of the global heat pumps market during 2025-2033?
• 4.What are the key factors driving the global heat pumps market?
• 5.What has been the impact of COVID-19 on the global heat pumps market?
• 6.What is the breakup of the global heat pumps market based on the rated capacity?
• 7.What is the breakup of the global heat pumps market based on the product type?
• 8.What is the breakup of the global heat pumps market based on the end use sector?
• 9.What are the key regions in the global heat pumps market?
• 10.Who are the top manufacturers of heat pumps?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Heat Pumps Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Breakup by Rated Capacity
• 5.5 Market Breakup by Product Type
• 5.6 Market Breakup by End Use Sector
• 5.7 Market Breakup by Region
• 5.8 Market Forecast

6 SWOT Analysis

• 6.1 Overview
• 6.2 Strengths
• 6.3 Weaknesses
• 6.4 Opportunities
• 6.5 Threats

7 Value Chain Analysis

8 Porter's Five Forces Analysis

• 8.1 Overview
• 8.2 Bargaining Power of Buyers
• 8.3 Bargaining Power of Suppliers
• 8.4 Degree of Competition
• 8.5 Threat of New Entrants
• 8.6 Threat of Substitutes

9 Market Breakup by Rated Capacity

• 9.1 Up to 10 kW
  • 9.1.1 Market Trends
  • 9.1.2 Market Forecast
• 9.2 10-20 kW
  • 9.2.1 Market Trends
  • 9.2.2 Market Forecast
• 9.3 20-30 kW
  • 9.3.1 Market Trends
  • 9.3.2 Market Forecast
• 9.4 Above 30 kW
  • 9.4.1 Market Trends
  • 9.4.2 Market Forecast

10 Market Breakup by Product Type

• 10.1 Air Source Heat Pump
  • 10.1.1 Market Trends
  • 10.1.2 Market Forecast
• 10.2 Ground Source Heat Pump
  • 10.2.1 Market Trends
  • 10.2.2 Market Forecast
• 10.3 Water Source Heat Pump
  • 10.3.1 Market Trends
  • 10.3.2 Market Forecast
• 10.4 Exhaust Air Heat Pump
  • 10.4.1 Market Trends
  • 10.4.2 Market Forecast
• 10.5 Others
  • 10.5.1 Market Trends
  • 10.5.2 Market Forecast

11 Market Breakup by End Use Sector

• 11.1 Residential
  • 11.1.1 Market Trends
  • 11.1.2 Market Forecast
• 11.2 Commercial
  • 11.2.1 Market Trends
  • 11.2.2 Market Forecast
• 11.3 Hospitality
  • 11.3.1 Market Trends
  • 11.3.2 Market Forecast
• 11.4 Retail
  • 11.4.1 Market Trends
  • 11.4.2 Market Forecast
• 11.5 Education
  • 11.5.1 Market Trends
  • 11.5.2 Market Forecast
• 11.6 Food & Beverage
  • 11.6.1 Market Trends
  • 11.6.2 Market Forecast
• 11.7 Paper & Pulp
  • 11.7.1 Market Trends
  • 11.7.2 Market Forecast
• 11.8 Chemicals & Petrochemicals
  • 11.8.1 Market Trends
  • 11.8.2 Market Forecast
• 11.9 Others
  • 11.9.1 Market Trends
  • 11.9.2 Market Forecast

12 Market Breakup by Region

• 12.1 Europe
  • 12.1.1 Market Trends
  • 12.1.2 Market Forecast
• 12.2 North America
  • 12.2.1 Market Trends
  • 12.2.2 Market Forecast
• 12.3 Asia Pacific
  • 12.3.1 Market Trends
  • 12.3.2 Market Forecast
• 12.4 Middle East and Africa
  • 12.4.1 Market Trends
  • 12.4.2 Market Forecast
• 12.5 Latin America
  • 12.5.1 Market Trends
  • 12.5.2 Market Forecast

13 Price Analysis

14 Competitive Landscape

• 14.1 Market Structure
• 14.2 Key Players
• 14.3 Profiles of Key Players
  • 14.3.1 Daikin Industries, Ltd
  • 14.3.2 Mitsubishi Electric Corporation
  • 14.3.3 MIDEA GROUP
  • 14.3.4 NIBE Industrier AB, Corp
  • 14.3.5 Ingersoll Rand
  • 14.3.6 Danfoss
  • 14.3.7 Panasonic Corporation
  • 14.3.8 GDC Group Limited
  • 14.3.9 Viessmann Manufacturing Company Inc
  • 14.3.10 Robert Bosch GmbH
  • 14.3.11 United Technologies Corporation

List of Figures

• Figure 1: Global: Heat Pumps Market: Major Drivers and Challenges
• Figure 2: Global: Heat Pumps Market: Sales Value (in Billion USD), 2019-2024
• Figure 3: Global: Heat Pumps Market: Breakup by Rated Capacity (in %), 2024
• Figure 4: Global: Heat Pumps Market: Breakup by Product Type (in %), 2024
• Figure 5: Global: Heat Pumps Market: Breakup by End Use Sector (in %), 2024
• Figure 6: Global: Heat Pumps Market: Breakup by Region (in %), 2024
• Figure 7: Global: Heat Pumps Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 8: Global: Heat Pumps Industry: SWOT Analysis
• Figure 9: Global: Heat Pumps Industry: Value Chain Analysis
• Figure 10: Global: Heat Pumps Industry: Porter's Five Forces Analysis
• Figure 11: Global: Heat Pumps (Up to 10 kW) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 12: Global: Heat Pumps (Up to 10 kW) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 13: Global: Heat Pumps (10-20 kW) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 14: Global: Heat Pumps (10-20 kW) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 15: Global: Heat Pumps (20-30 kW) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 16: Global: Heat Pumps (20-30 kW) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 17: Global: Heat Pumps (Above 30 kW) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 18: Global: Heat Pumps (Above 30 kW) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 19: Global: Heat Pumps (Air Source Heat Pump) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 20: Global: Heat Pumps (Air Source Heat Pump) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 21: Global: Heat Pumps (Ground Source Heat Pump) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 22: Global: Heat Pumps (Ground Source Heat Pump) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 23: Global: Heat Pumps (Water Source Heat Pump) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 24: Global: Heat Pumps (Water Source Heat Pump) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 25: Global: Heat Pumps (Exhaust Air Heat Pump) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 26: Global: Heat Pumps (Exhaust Air Heat Pump) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 27: Global: Heat Pumps (Other Product Types) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 28: Global: Heat Pumps (Other Product Types) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 29: Global: Heat Pumps (Residential) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 30: Global: Heat Pumps (Residential) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 31: Global: Heat Pumps (Commercial) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 32: Global: Heat Pumps (Commercial) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 33: Global: Heat Pumps (Hospitality) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 34: Global: Heat Pumps (Hospitality) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 35: Global: Heat Pumps (Retail) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 36: Global: Heat Pumps (Retail) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 37: Global: Heat Pumps (Education) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 38: Global: Heat Pumps (Education) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 39: Global: Heat Pumps (Food & Beverage) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 40: Global: Heat Pumps (Food & Beverage) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 41: Global: Heat Pumps (Paper & Pulp) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 42: Global: Heat Pumps (Paper & Pulp) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 43: Global: Heat Pumps (Chemicals & Petrochemicals) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 44: Global: Heat Pumps (Chemicals & Petrochemicals) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 45: Global: Heat Pumps (Other End Use Sectors) Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 46: Global: Heat Pumps (Other End Use Sectors) Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 47: Europe: Heat Pumps Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 48: Europe: Heat Pumps Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 49: North America: Heat Pumps Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 50: North America: Heat Pumps Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 51: Asia Pacific: Heat Pumps Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 52: Asia Pacific: Heat Pumps Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 53: Middle East and Africa: Heat Pumps Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 54: Middle East and Africa: Heat Pumps Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 55: Latin America: Heat Pumps Market: Sales Value (in Billion USD), 2019 & 2024
• Figure 56: Latin America: Heat Pumps Market Forecast: Sales Value (in Billion USD), 2025-2033

List of Tables

• Table 1: Global: Heat Pumps Market: Key Industry Highlights, 2024 and 2033
• Table 2: Global: Heat Pumps Market Forecast: Breakup by Rated Capacity (in Billion USD), 2025-2033
• Table 3: Global: Heat Pumps Market Forecast: Breakup by Product Type (in Billion USD), 2025-2033
• Table 4: Global: Heat Pumps Market Forecast: Breakup by End Use Sector (in Billion USD), 2025-2033
• Table 5: Global: Heat Pumps Market Forecast: Breakup by Region (in Billion USD), 2025-2033
• Table 6: Global: Heat Pumps Market Structure
• Table 7: Global: Heat Pumps Market: Key Players