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    A heat pump is a device that can provide heating, cooling and hot water for residential, commercial and industrial applications. Heat pumps move or pump heat from one place to another using a compressor and liquid or gas refrigerant. Heat is extracted from outside sources and then pumped indoors. The global heat pumps market is set to grow by US$ 34 billion during 2021-2027, growing at a compound annual growth rate (CAGR) of 7.7% during the forecast period, according to data and analytics company StrategyHelix.

    The report provides up-to-date market size data for period 2017-2020 and forecast to 2027 covering key market aspects like sales value for heat pumps. The global heat pumps market is segmented on the basis of product, capacity, end user, and region. By product, it is categorized into air source heat pump, ground source heat pump, and water source heat pump. The air source heat pump segment held the largest market share in 2020. By capacity, the heat pumps market is divided into up to 10 kw, 10-20 kw, 20-30 kw, and above 30 kw. The up to 10 kw segment accounted for the largest market share in 2020. Based on end user, the heat pumps market is divided into residential, commercial, and industrial.

    The report has profiled some of the key players of the market such as BDR Thermea Group, CENTROTEC Sustainable AG (Wolf GmbH), Daikin Industries Ltd., Danfoss A/S, Glen Dimplex Group, Gree Electric Appliances Inc., Johnson Controls International plc, Midea Group Co. Ltd., Mitsubishi Electric Corporation, NIBE Industrier AB, Robert Bosch GmbH, Stiebel Eltron GmbH, Thermax Ltd., Trane Technologies Inc., Vaillant GmbH, Viessmann Werke GmbH & Company KG.

    The report is an invaluable resource for companies and organizations active in this industry. It provides a cohesive picture of the heat pumps market to help drive informed decision making for industry executives, policy makers, academic, and analysts.

    Report Scope

    Product: air source heat pump, ground source heat pump, and water source heat pump
    Capacity: up to 10 kw, 10-20 kw, 20-30 kw, and above 30 kw
    End user: residential, commercial, and industrial
    Region: North America, Asia Pacific, Europe, and Rest of the World (ROW)
    Years Considered: this report covers the period 2017 to 2027

    Key Benefits for Stakeholders

    Get a comprehensive picture of the global heat pumps market
    Identify regional strategies and strategic priorities on the basis of local data and analysis
    Pinpoint growth sectors and trends for investment
    Understand what the future of the global heat pumps market looks like
    Identify the competitive landscape and window of opportunity

    Table of Contents

    1. Market Definition
    2. Research Methodology
    3. Market Data & Outlook
    3.1 Market Value
    3.2 Market Value Forecast
    4. Heat Pumps Market by Product
    4.1 Air Source Heat Pump
    4.2 Ground Source Heat Pump
    4.3 Water Source Heat Pump
    5. Heat Pumps Market by Capacity
    5.1 Up To 10 Kw
    5.2 10-20 Kw
    5.3 20-30 Kw
    5.4 Above 30 Kw
    6. Heat Pumps Market by End User
    6.1 Residential
    6.2 Commercial
    6.3 Industrial
    7. Heat Pumps Market by Region
    7.1 North America
    7.2 Asia Pacific
    7.3 Europe
    7.4 Rest Of The World (Row)
    8. Company Profiles
    8.1 BDR Thermea Group
    8.2 CENTROTEC Sustainable AG (Wolf GmbH)
    8.3 Daikin Industries, Ltd.
    8.4 Danfoss A/S
    8.5 Glen Dimplex Group
    8.6 Gree Electric Appliances Inc.
    8.7 Johnson Controls International plc
    8.8 Midea Group Co., Ltd.
    8.9 Mitsubishi Electric Corporation
    8.10 NIBE Industrier AB
    8.11 Robert Bosch GmbH
    8.12 Stiebel Eltron GmbH
    8.13 Thermax Ltd.
    8.14 Trane Technologies Inc.
    8.15 Vaillant GmbH
    8.16 Viessmann Werke GmbH & Company KG
    9. Appendix
    9.1 About StrategyHelix
    9.2 Disclaimer

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    Global Heat Pumps Market 2021

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    Global Heat Pumps Market 2021