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Global Air Source Heat Pump Market Research Report 2025(Status and Outlook)

Publisher Bosson Research
Published Aug 01, 2025
Length 170 Pages
SKU # BOSS20300704

Description

Report Overview

A heat pump is a highly efficient HVAC (heating, ventilation, and air conditioning) system that transfers heat from one location to another using a refrigeration cycle, rather than generating heat directly through combustion or electrical resistance. It can provide both heating and cooling by reversing the cycle, making it a versatile solution for residential, commercial, and industrial applications. Heat pumps are categorized into air-source, ground-source (geothermal), and water-source systems, each offering distinct efficiency levels and installation requirements. The technology is gaining traction due to its energy efficiency, lower carbon emissions compared to traditional heating systems, and compatibility with renewable energy sources. Advances in inverter technology and refrigerants have further improved performance, making heat pumps a key component in global efforts to decarbonize buildings and reduce reliance on fossil fuels. Government incentives, rising energy costs, and stricter environmental regulations are driving adoption, particularly in Europe and North America, while emerging markets are also showing growth potential as awareness of sustainable heating solutions increases. The competitive landscape includes established HVAC manufacturers, specialized heat pump producers, and new entrants focusing on smart and hybrid systems.

The global Heat Pump market size was estimated at USD 8525.09 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 5.45% during the forecast period.

This report provides a deep insight into the global Heat Pump market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Heat Pump Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Heat Pump market in any manner.

Global Heat Pump Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Carrier Corporation

Daikin

Danfoss

Mitsubishi Electric

NIBE

Airwell

BDR Thermea

Bryant Heating and Cooling

Emerson Climate Technologies

Enertech

Market Segmentation (by Type)

Air-to-Air

Air-to-Water

Market Segmentation (by Application)

Residential

Commercial

Industrial

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Heat Pump Market

Overview of the regional outlook of the Heat Pump Market:

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Heat Pump Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 shares the main producing countries of Heat Pump, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.

Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.

Chapter 13 is the main points and conclusions of the report.

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

Table of Contents

170 Pages
1 Research Methodology And Statistical Scope
1.1 Market Definition And Statistical Scope Of Air Source Heat Pump
1.2 Key Market Segments
1.2.1 Air Source Heat Pump Segment By Type
1.2.2 Air Source Heat Pump Segment By Application
1.3 Methodology & Sources Of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown And Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Air Source Heat Pump Market Overview
2.1 Global Market Overview
2.1.1 Global Air Source Heat Pump Market Size (M Usd) Estimates And Forecasts (2020-2033)
2.1.2 Global Air Source Heat Pump Sales Estimates And Forecasts (2020-2033)
2.2 Market Segment Executive Summary
2.3 Global Market Size By Region
3 Air Source Heat Pump Market Competitive Landscape
3.1 Company Assessment Quadrant
3.2 Global Air Source Heat Pump Product Life Cycle
3.3 Global Air Source Heat Pump Sales By Manufacturers (2020-2025)
3.4 Global Air Source Heat Pump Revenue Market Share By Manufacturers (2020-2025)
3.5 Air Source Heat Pump Market Share By Company Type (Tier 1, Tier 2, And Tier 3)
3.6 Global Air Source Heat Pump Average Price By Manufacturers (2020-2025)
3.7 Manufacturers’ Manufacturing Sites, Areas Served, And Product Types
3.8 Air Source Heat Pump Market Competitive Situation And Trends
3.8.1 Air Source Heat Pump Market Concentration Rate
3.8.2 Global 5 And 10 Largest Air Source Heat Pump Players Market Share By Revenue
3.8.3 Mergers & Acquisitions, Expansion
4 Air Source Heat Pump Industry Chain Analysis
4.1 Air Source Heat Pump Industry Chain Analysis
4.2 Market Overview Of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development And Dynamics Of Air Source Heat Pump Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Industry News
5.4.1 New Product Developments
5.4.2 Mergers & Acquisitions
5.4.3 Expansions
5.4.4 Collaboration/Supply Contracts
5.5 Pest Analysis
5.5.1 Industry Policies Analysis
5.5.2 Economic Environment Analysis
5.5.3 Social Environment Analysis
5.5.4 Technological Environment Analysis
5.6 Global Air Source Heat Pump Market Porter's Five Forces Analysis
5.6.1 Global Trade Frictions
5.6.2 U.S. Tariff Policy – April 2025
5.6.3 Global Trade Frictions And Their Impacts To Air Source Heat Pump Market
5.7 Esg Ratings Of Leading Companies
6 Air Source Heat Pump Market Segmentation By Type
6.1 Evaluation Matrix Of Segment Market Development Potential (Type)
6.2 Global Air Source Heat Pump Sales Market Share By Type (2020-2025)
6.3 Global Air Source Heat Pump Market Size Market Share By Type (2020-2025)
6.4 Global Air Source Heat Pump Price By Type (2020-2025)
7 Air Source Heat Pump Market Segmentation By Application
7.1 Evaluation Matrix Of Segment Market Development Potential (Application)
7.2 Global Air Source Heat Pump Market Sales By Application (2020-2025)
7.3 Global Air Source Heat Pump Market Size (M Usd) By Application (2020-2025)
7.4 Global Air Source Heat Pump Sales Growth Rate By Application (2020-2025)
8 Air Source Heat Pump Market Sales By Region
8.1 Global Air Source Heat Pump Sales By Region
8.1.1 Global Air Source Heat Pump Sales By Region
8.1.2 Global Air Source Heat Pump Sales Market Share By Region
8.2 Global Air Source Heat Pump Market Size By Region
8.2.1 Global Air Source Heat Pump Market Size By Region
8.2.2 Global Air Source Heat Pump Market Size Market Share By Region
8.3 North America
8.3.1 North America Air Source Heat Pump Sales By Country
8.3.2 North America Air Source Heat Pump Market Size By Country
8.3.3 U.S. Market Overview
8.3.4 Canada Market Overview
8.3.5 Mexico Market Overview
8.4 Europe
8.4.1 Europe Air Source Heat Pump Sales By Country
8.4.2 Europe Air Source Heat Pump Market Size By Country
8.4.3 Germany Market Overview
8.4.4 France Market Overview
8.4.5 U.K. Market Overview
8.4.6 Italy Market Overview
8.4.7 Spain Market Overview
8.5 Asia Pacific
8.5.1 Asia Pacific Air Source Heat Pump Sales By Region
8.5.2 Asia Pacific Air Source Heat Pump Market Size By Region
8.5.3 China Market Overview
8.5.4 Japan Market Overview
8.5.5 South Korea Market Overview
8.5.6 India Market Overview
8.5.7 Southeast Asia Market Overview
8.6 South America
8.6.1 South America Air Source Heat Pump Sales By Country
8.6.2 South America Air Source Heat Pump Market Size By Country
8.6.3 Brazil Market Overview
8.6.4 Argentina Market Overview
8.6.5 Columbia Market Overview
8.7 Middle East And Africa
8.7.1 Middle East And Africa Air Source Heat Pump Sales By Region
8.7.2 Middle East And Africa Air Source Heat Pump Market Size By Region
8.7.3 Saudi Arabia Market Overview
8.7.4 Uae Market Overview
8.7.5 Egypt Market Overview
8.7.6 Nigeria Market Overview
8.7.7 South Africa Market Overview
9 Air Source Heat Pump Market Production By Region
9.1 Global Production Of Air Source Heat Pump By Region(2020-2025)
9.2 Global Air Source Heat Pump Revenue Market Share By Region (2020-2025)
9.3 Global Air Source Heat Pump Production, Revenue, Price And Gross Margin (2020-2025)
9.4 North America Air Source Heat Pump Production
9.4.1 North America Air Source Heat Pump Production Growth Rate (2020-2025)
9.4.2 North America Air Source Heat Pump Production, Revenue, Price And Gross Margin (2020-2025)
9.5 Europe Air Source Heat Pump Production
9.5.1 Europe Air Source Heat Pump Production Growth Rate (2020-2025)
9.5.2 Europe Air Source Heat Pump Production, Revenue, Price And Gross Margin (2020-2025)
9.6 Japan Air Source Heat Pump Production (2020-2025)
9.6.1 Japan Air Source Heat Pump Production Growth Rate (2020-2025)
9.6.2 Japan Air Source Heat Pump Production, Revenue, Price And Gross Margin (2020-2025)
9.7 China Air Source Heat Pump Production (2020-2025)
9.7.1 China Air Source Heat Pump Production Growth Rate (2020-2025)
9.7.2 China Air Source Heat Pump Production, Revenue, Price And Gross Margin (2020-2025)
10 Key Companies Profile
10.1 Daikin Industries
10.1.1 Daikin Industries Basic Information
10.1.2 Daikin Industries Air Source Heat Pump Product Overview
10.1.3 Daikin Industries Air Source Heat Pump Product Market Performance
10.1.4 Daikin Industries Business Overview
10.1.5 Daikin Industries Swot Analysis
10.1.6 Daikin Industries Recent Developments
10.2 Mitsubishi Electric
10.2.1 Mitsubishi Electric Basic Information
10.2.2 Mitsubishi Electric Air Source Heat Pump Product Overview
10.2.3 Mitsubishi Electric Air Source Heat Pump Product Market Performance
10.2.4 Mitsubishi Electric Business Overview
10.2.5 Mitsubishi Electric Swot Analysis
10.2.6 Mitsubishi Electric Recent Developments
10.3 Fujitsu General
10.3.1 Fujitsu General Basic Information
10.3.2 Fujitsu General Air Source Heat Pump Product Overview
10.3.3 Fujitsu General Air Source Heat Pump Product Market Performance
10.3.4 Fujitsu General Business Overview
10.3.5 Fujitsu General Swot Analysis
10.3.6 Fujitsu General Recent Developments
10.4 Lg Electronics
10.4.1 Lg Electronics Basic Information
10.4.2 Lg Electronics Air Source Heat Pump Product Overview
10.4.3 Lg Electronics Air Source Heat Pump Product Market Performance
10.4.4 Lg Electronics Business Overview
10.4.5 Lg Electronics Recent Developments
10.5 Panasonic
10.5.1 Panasonic Basic Information
10.5.2 Panasonic Air Source Heat Pump Product Overview
10.5.3 Panasonic Air Source Heat Pump Product Market Performance
10.5.4 Panasonic Business Overview
10.5.5 Panasonic Recent Developments
10.6 Carrier
10.6.1 Carrier Basic Information
10.6.2 Carrier Air Source Heat Pump Product Overview
10.6.3 Carrier Air Source Heat Pump Product Market Performance
10.6.4 Carrier Business Overview
10.6.5 Carrier Recent Developments
10.7 Nibe
10.7.1 Nibe Basic Information
10.7.2 Nibe Air Source Heat Pump Product Overview
10.7.3 Nibe Air Source Heat Pump Product Market Performance
10.7.4 Nibe Business Overview
10.7.5 Nibe Recent Developments
10.8 Bosch Thermotechnik
10.8.1 Bosch Thermotechnik Basic Information
10.8.2 Bosch Thermotechnik Air Source Heat Pump Product Overview
10.8.3 Bosch Thermotechnik Air Source Heat Pump Product Market Performance
10.8.4 Bosch Thermotechnik Business Overview
10.8.5 Bosch Thermotechnik Recent Developments
10.9 Glen Dimplex
10.9.1 Glen Dimplex Basic Information
10.9.2 Glen Dimplex Air Source Heat Pump Product Overview
10.9.3 Glen Dimplex Air Source Heat Pump Product Market Performance
10.9.4 Glen Dimplex Business Overview
10.9.5 Glen Dimplex Recent Developments
10.10 Vaillant
10.10.1 Vaillant Basic Information
10.10.2 Vaillant Air Source Heat Pump Product Overview
10.10.3 Vaillant Air Source Heat Pump Product Market Performance
10.10.4 Vaillant Business Overview
10.10.5 Vaillant Recent Developments
10.11 Danfoss
10.11.1 Danfoss Basic Information
10.11.2 Danfoss Air Source Heat Pump Product Overview
10.11.3 Danfoss Air Source Heat Pump Product Market Performance
10.11.4 Danfoss Business Overview
10.11.5 Danfoss Recent Developments
10.12 A. O. Smith
10.12.1 A. O. Smith Basic Information
10.12.2 A. O. Smith Air Source Heat Pump Product Overview
10.12.3 A. O. Smith Air Source Heat Pump Product Market Performance
10.12.4 A. O. Smith Business Overview
10.12.5 A. O. Smith Recent Developments
10.13 Viessmann
10.13.1 Viessmann Basic Information
10.13.2 Viessmann Air Source Heat Pump Product Overview
10.13.3 Viessmann Air Source Heat Pump Product Market Performance
10.13.4 Viessmann Business Overview
10.13.5 Viessmann Recent Developments
10.14 Bdr Thermea Group
10.14.1 Bdr Thermea Group Basic Information
10.14.2 Bdr Thermea Group Air Source Heat Pump Product Overview
10.14.3 Bdr Thermea Group Air Source Heat Pump Product Market Performance
10.14.4 Bdr Thermea Group Business Overview
10.14.5 Bdr Thermea Group Recent Developments
10.15 Haier
10.15.1 Haier Basic Information
10.15.2 Haier Air Source Heat Pump Product Overview
10.15.3 Haier Air Source Heat Pump Product Market Performance
10.15.4 Haier Business Overview
10.15.5 Haier Recent Developments
10.16 Midea
10.16.1 Midea Basic Information
10.16.2 Midea Air Source Heat Pump Product Overview
10.16.3 Midea Air Source Heat Pump Product Market Performance
10.16.4 Midea Business Overview
10.16.5 Midea Recent Developments
10.17 Gree Electric
10.17.1 Gree Electric Basic Information
10.17.2 Gree Electric Air Source Heat Pump Product Overview
10.17.3 Gree Electric Air Source Heat Pump Product Market Performance
10.17.4 Gree Electric Business Overview
10.17.5 Gree Electric Recent Developments
10.18 Stiebel Eltron Gmbh And Co.
10.18.1 Stiebel Eltron Gmbh And Co. Basic Information
10.18.2 Stiebel Eltron Gmbh And Co. Air Source Heat Pump Product Overview
10.18.3 Stiebel Eltron Gmbh And Co. Air Source Heat Pump Product Market Performance
10.18.4 Stiebel Eltron Gmbh And Co. Business Overview
10.18.5 Stiebel Eltron Gmbh And Co. Recent Developments
10.19 Swegon Group Ab
10.19.1 Swegon Group Ab Basic Information
10.19.2 Swegon Group Ab Air Source Heat Pump Product Overview
10.19.3 Swegon Group Ab Air Source Heat Pump Product Market Performance
10.19.4 Swegon Group Ab Business Overview
10.19.5 Swegon Group Ab Recent Developments
10.20 Sanden International
10.20.1 Sanden International Basic Information
10.20.2 Sanden International Air Source Heat Pump Product Overview
10.20.3 Sanden International Air Source Heat Pump Product Market Performance
10.20.4 Sanden International Business Overview
10.20.5 Sanden International Recent Developments
10.21 Aermec
10.21.1 Aermec Basic Information
10.21.2 Aermec Air Source Heat Pump Product Overview
10.21.3 Aermec Air Source Heat Pump Product Market Performance
10.21.4 Aermec Business Overview
10.21.5 Aermec Recent Developments
11 Air Source Heat Pump Market Forecast By Region
11.1 Global Air Source Heat Pump Market Size Forecast
11.2 Global Air Source Heat Pump Market Forecast By Region
11.2.1 North America Market Size Forecast By Country
11.2.2 Europe Air Source Heat Pump Market Size Forecast By Country
11.2.3 Asia Pacific Air Source Heat Pump Market Size Forecast By Region
11.2.4 South America Air Source Heat Pump Market Size Forecast By Country
11.2.5 Middle East And Africa Forecasted Sales Of Air Source Heat Pump By Country
12 Forecast Market By Type And By Application (2026-2033)
12.1 Global Air Source Heat Pump Market Forecast By Type (2026-2033)
12.1.1 Global Forecasted Sales Of Air Source Heat Pump By Type (2026-2033)
12.1.2 Global Air Source Heat Pump Market Size Forecast By Type (2026-2033)
12.1.3 Global Forecasted Price Of Air Source Heat Pump By Type (2026-2033)
12.2 Global Air Source Heat Pump Market Forecast By Application (2026-2033)
12.2.1 Global Air Source Heat Pump Sales (K Units) Forecast By Application
12.2.2 Global Air Source Heat Pump Market Size (M Usd) Forecast By Application (2026-2033)
13 Conclusion And Key Findings
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