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Global Heat Pumps Market Research Report 2025(Status and Outlook)

Publisher Bosson Research
Published Aug 01, 2025
Length 190 Pages
SKU # BOSS20300725

Description

Report Overview

The heat pump market encompasses devices that transfer thermal energy from a lower-temperature source to a higher-temperature space, functioning as an efficient alternative to traditional heating and cooling systems. Heat pumps utilize refrigeration cycles to extract heat from air, ground, or water sources, making them highly energy-efficient and environmentally friendly compared to fossil fuel-based systems. They serve residential, commercial, and industrial applications, with key variations including air-source, ground-source (geothermal), and water-source heat pumps. Market demand is driven by rising energy costs, stringent environmental regulations, and increasing adoption of sustainable technologies, particularly in regions with moderate climates where heat pumps operate most efficiently. Technological advancements, such as inverter-driven compressors and smart thermostats, are further enhancing performance and user convenience. However, high upfront installation costs and reliance on electricity remain challenges, particularly in areas with unstable power grids or extreme temperatures. Government incentives and decarbonization policies are accelerating adoption, positioning heat pumps as a critical component of the global transition toward renewable energy and electrification.

The global Heat Pumps market size was estimated at USD 10070.31 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 Pumps 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 Pumps 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 Pumps market in any manner.

Global Heat Pumps 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

Daikin

Mitsubishi

Atlantic

NIBE Industrier

Hitachi

Bosch

Panasonic

Aermec

STIEBEL ELTRON

CIAT

Fujitsu

Vaillant

Danfoss Group

Carrier

Rheem

Johnson Controls

Calorex

Kensa

Maritime Geothermal

Thermia

ClimateMaster

Bryant

Midea

GREE Electric

Sirac

Anywhere

Fuerda

Tongyi Electrical

AMITIME

Zhengxu

Market Segmentation (by Type)

Air to Water Monobloc

Air to Water Cylinder

Ground/Water to Water

Air to Water Split

Exhaust Air

Market Segmentation (by Application)

Residential Heat Pumps

Industrial Heat Pumps

Commercial Heat Pumps

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 Pumps Market

Overview of the regional outlook of the Heat Pumps 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 Pumps 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 Pumps, 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

190 Pages
1 Research Methodology And Statistical Scope
1.1 Market Definition And Statistical Scope Of Heat Pumps
1.2 Key Market Segments
1.2.1 Heat Pumps Segment By Type
1.2.2 Heat Pumps 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 Heat Pumps Market Overview
2.1 Global Market Overview
2.1.1 Global Heat Pumps Market Size (M Usd) Estimates And Forecasts (2020-2033)
2.1.2 Global Heat Pumps Sales Estimates And Forecasts (2020-2033)
2.2 Market Segment Executive Summary
2.3 Global Market Size By Region
3 Heat Pumps Market Competitive Landscape
3.1 Company Assessment Quadrant
3.2 Global Heat Pumps Product Life Cycle
3.3 Global Heat Pumps Sales By Manufacturers (2020-2025)
3.4 Global Heat Pumps Revenue Market Share By Manufacturers (2020-2025)
3.5 Heat Pumps Market Share By Company Type (Tier 1, Tier 2, And Tier 3)
3.6 Global Heat Pumps Average Price By Manufacturers (2020-2025)
3.7 Manufacturers’ Manufacturing Sites, Areas Served, And Product Types
3.8 Heat Pumps Market Competitive Situation And Trends
3.8.1 Heat Pumps Market Concentration Rate
3.8.2 Global 5 And 10 Largest Heat Pumps Players Market Share By Revenue
3.8.3 Mergers & Acquisitions, Expansion
4 Heat Pumps Industry Chain Analysis
4.1 Heat Pumps 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 Heat Pumps 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 Heat Pumps 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 Heat Pumps Market
5.7 Esg Ratings Of Leading Companies
6 Heat Pumps Market Segmentation By Type
6.1 Evaluation Matrix Of Segment Market Development Potential (Type)
6.2 Global Heat Pumps Sales Market Share By Type (2020-2025)
6.3 Global Heat Pumps Market Size Market Share By Type (2020-2025)
6.4 Global Heat Pumps Price By Type (2020-2025)
7 Heat Pumps Market Segmentation By Application
7.1 Evaluation Matrix Of Segment Market Development Potential (Application)
7.2 Global Heat Pumps Market Sales By Application (2020-2025)
7.3 Global Heat Pumps Market Size (M Usd) By Application (2020-2025)
7.4 Global Heat Pumps Sales Growth Rate By Application (2020-2025)
8 Heat Pumps Market Sales By Region
8.1 Global Heat Pumps Sales By Region
8.1.1 Global Heat Pumps Sales By Region
8.1.2 Global Heat Pumps Sales Market Share By Region
8.2 Global Heat Pumps Market Size By Region
8.2.1 Global Heat Pumps Market Size By Region
8.2.2 Global Heat Pumps Market Size Market Share By Region
8.3 North America
8.3.1 North America Heat Pumps Sales By Country
8.3.2 North America Heat Pumps 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 Heat Pumps Sales By Country
8.4.2 Europe Heat Pumps 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 Heat Pumps Sales By Region
8.5.2 Asia Pacific Heat Pumps 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 Heat Pumps Sales By Country
8.6.2 South America Heat Pumps 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 Heat Pumps Sales By Region
8.7.2 Middle East And Africa Heat Pumps 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 Heat Pumps Market Production By Region
9.1 Global Production Of Heat Pumps By Region(2020-2025)
9.2 Global Heat Pumps Revenue Market Share By Region (2020-2025)
9.3 Global Heat Pumps Production, Revenue, Price And Gross Margin (2020-2025)
9.4 North America Heat Pumps Production
9.4.1 North America Heat Pumps Production Growth Rate (2020-2025)
9.4.2 North America Heat Pumps Production, Revenue, Price And Gross Margin (2020-2025)
9.5 Europe Heat Pumps Production
9.5.1 Europe Heat Pumps Production Growth Rate (2020-2025)
9.5.2 Europe Heat Pumps Production, Revenue, Price And Gross Margin (2020-2025)
9.6 Japan Heat Pumps Production (2020-2025)
9.6.1 Japan Heat Pumps Production Growth Rate (2020-2025)
9.6.2 Japan Heat Pumps Production, Revenue, Price And Gross Margin (2020-2025)
9.7 China Heat Pumps Production (2020-2025)
9.7.1 China Heat Pumps Production Growth Rate (2020-2025)
9.7.2 China Heat Pumps Production, Revenue, Price And Gross Margin (2020-2025)
10 Key Companies Profile
10.1 Daikin
10.1.1 Daikin Basic Information
10.1.2 Daikin Heat Pumps Product Overview
10.1.3 Daikin Heat Pumps Product Market Performance
10.1.4 Daikin Business Overview
10.1.5 Daikin Swot Analysis
10.1.6 Daikin Recent Developments
10.2 Mitsubishi
10.2.1 Mitsubishi Basic Information
10.2.2 Mitsubishi Heat Pumps Product Overview
10.2.3 Mitsubishi Heat Pumps Product Market Performance
10.2.4 Mitsubishi Business Overview
10.2.5 Mitsubishi Swot Analysis
10.2.6 Mitsubishi Recent Developments
10.3 Atlantic
10.3.1 Atlantic Basic Information
10.3.2 Atlantic Heat Pumps Product Overview
10.3.3 Atlantic Heat Pumps Product Market Performance
10.3.4 Atlantic Business Overview
10.3.5 Atlantic Swot Analysis
10.3.6 Atlantic Recent Developments
10.4 Nibe Industrier
10.4.1 Nibe Industrier Basic Information
10.4.2 Nibe Industrier Heat Pumps Product Overview
10.4.3 Nibe Industrier Heat Pumps Product Market Performance
10.4.4 Nibe Industrier Business Overview
10.4.5 Nibe Industrier Recent Developments
10.5 Hitachi
10.5.1 Hitachi Basic Information
10.5.2 Hitachi Heat Pumps Product Overview
10.5.3 Hitachi Heat Pumps Product Market Performance
10.5.4 Hitachi Business Overview
10.5.5 Hitachi Recent Developments
10.6 Bosch
10.6.1 Bosch Basic Information
10.6.2 Bosch Heat Pumps Product Overview
10.6.3 Bosch Heat Pumps Product Market Performance
10.6.4 Bosch Business Overview
10.6.5 Bosch Recent Developments
10.7 Panasonic
10.7.1 Panasonic Basic Information
10.7.2 Panasonic Heat Pumps Product Overview
10.7.3 Panasonic Heat Pumps Product Market Performance
10.7.4 Panasonic Business Overview
10.7.5 Panasonic Recent Developments
10.8 Aermec
10.8.1 Aermec Basic Information
10.8.2 Aermec Heat Pumps Product Overview
10.8.3 Aermec Heat Pumps Product Market Performance
10.8.4 Aermec Business Overview
10.8.5 Aermec Recent Developments
10.9 Stiebel Eltron
10.9.1 Stiebel Eltron Basic Information
10.9.2 Stiebel Eltron Heat Pumps Product Overview
10.9.3 Stiebel Eltron Heat Pumps Product Market Performance
10.9.4 Stiebel Eltron Business Overview
10.9.5 Stiebel Eltron Recent Developments
10.10 Ciat
10.10.1 Ciat Basic Information
10.10.2 Ciat Heat Pumps Product Overview
10.10.3 Ciat Heat Pumps Product Market Performance
10.10.4 Ciat Business Overview
10.10.5 Ciat Recent Developments
10.11 Fujitsu
10.11.1 Fujitsu Basic Information
10.11.2 Fujitsu Heat Pumps Product Overview
10.11.3 Fujitsu Heat Pumps Product Market Performance
10.11.4 Fujitsu Business Overview
10.11.5 Fujitsu Recent Developments
10.12 Vaillant
10.12.1 Vaillant Basic Information
10.12.2 Vaillant Heat Pumps Product Overview
10.12.3 Vaillant Heat Pumps Product Market Performance
10.12.4 Vaillant Business Overview
10.12.5 Vaillant Recent Developments
10.13 Danfoss Group
10.13.1 Danfoss Group Basic Information
10.13.2 Danfoss Group Heat Pumps Product Overview
10.13.3 Danfoss Group Heat Pumps Product Market Performance
10.13.4 Danfoss Group Business Overview
10.13.5 Danfoss Group Recent Developments
10.14 Carrier
10.14.1 Carrier Basic Information
10.14.2 Carrier Heat Pumps Product Overview
10.14.3 Carrier Heat Pumps Product Market Performance
10.14.4 Carrier Business Overview
10.14.5 Carrier Recent Developments
10.15 Rheem
10.15.1 Rheem Basic Information
10.15.2 Rheem Heat Pumps Product Overview
10.15.3 Rheem Heat Pumps Product Market Performance
10.15.4 Rheem Business Overview
10.15.5 Rheem Recent Developments
10.16 Johnson Controls
10.16.1 Johnson Controls Basic Information
10.16.2 Johnson Controls Heat Pumps Product Overview
10.16.3 Johnson Controls Heat Pumps Product Market Performance
10.16.4 Johnson Controls Business Overview
10.16.5 Johnson Controls Recent Developments
10.17 Calorex
10.17.1 Calorex Basic Information
10.17.2 Calorex Heat Pumps Product Overview
10.17.3 Calorex Heat Pumps Product Market Performance
10.17.4 Calorex Business Overview
10.17.5 Calorex Recent Developments
10.18 Kensa
10.18.1 Kensa Basic Information
10.18.2 Kensa Heat Pumps Product Overview
10.18.3 Kensa Heat Pumps Product Market Performance
10.18.4 Kensa Business Overview
10.18.5 Kensa Recent Developments
10.19 Maritime Geothermal
10.19.1 Maritime Geothermal Basic Information
10.19.2 Maritime Geothermal Heat Pumps Product Overview
10.19.3 Maritime Geothermal Heat Pumps Product Market Performance
10.19.4 Maritime Geothermal Business Overview
10.19.5 Maritime Geothermal Recent Developments
10.20 Thermia
10.20.1 Thermia Basic Information
10.20.2 Thermia Heat Pumps Product Overview
10.20.3 Thermia Heat Pumps Product Market Performance
10.20.4 Thermia Business Overview
10.20.5 Thermia Recent Developments
10.21 Climatemaster
10.21.1 Climatemaster Basic Information
10.21.2 Climatemaster Heat Pumps Product Overview
10.21.3 Climatemaster Heat Pumps Product Market Performance
10.21.4 Climatemaster Business Overview
10.21.5 Climatemaster Recent Developments
10.22 Bryant
10.22.1 Bryant Basic Information
10.22.2 Bryant Heat Pumps Product Overview
10.22.3 Bryant Heat Pumps Product Market Performance
10.22.4 Bryant Business Overview
10.22.5 Bryant Recent Developments
10.23 Midea
10.23.1 Midea Basic Information
10.23.2 Midea Heat Pumps Product Overview
10.23.3 Midea Heat Pumps Product Market Performance
10.23.4 Midea Business Overview
10.23.5 Midea Recent Developments
10.24 Gree Electric
10.24.1 Gree Electric Basic Information
10.24.2 Gree Electric Heat Pumps Product Overview
10.24.3 Gree Electric Heat Pumps Product Market Performance
10.24.4 Gree Electric Business Overview
10.24.5 Gree Electric Recent Developments
10.25 Sirac
10.25.1 Sirac Basic Information
10.25.2 Sirac Heat Pumps Product Overview
10.25.3 Sirac Heat Pumps Product Market Performance
10.25.4 Sirac Business Overview
10.25.5 Sirac Recent Developments
10.26 Anywhere
10.26.1 Anywhere Basic Information
10.26.2 Anywhere Heat Pumps Product Overview
10.26.3 Anywhere Heat Pumps Product Market Performance
10.26.4 Anywhere Business Overview
10.26.5 Anywhere Recent Developments
10.27 Fuerda
10.27.1 Fuerda Basic Information
10.27.2 Fuerda Heat Pumps Product Overview
10.27.3 Fuerda Heat Pumps Product Market Performance
10.27.4 Fuerda Business Overview
10.27.5 Fuerda Recent Developments
10.28 Tongyi Electrical
10.28.1 Tongyi Electrical Basic Information
10.28.2 Tongyi Electrical Heat Pumps Product Overview
10.28.3 Tongyi Electrical Heat Pumps Product Market Performance
10.28.4 Tongyi Electrical Business Overview
10.28.5 Tongyi Electrical Recent Developments
10.29 Amitime
10.29.1 Amitime Basic Information
10.29.2 Amitime Heat Pumps Product Overview
10.29.3 Amitime Heat Pumps Product Market Performance
10.29.4 Amitime Business Overview
10.29.5 Amitime Recent Developments
10.30 Zhengxu
10.30.1 Zhengxu Basic Information
10.30.2 Zhengxu Heat Pumps Product Overview
10.30.3 Zhengxu Heat Pumps Product Market Performance
10.30.4 Zhengxu Business Overview
10.30.5 Zhengxu Recent Developments
11 Heat Pumps Market Forecast By Region
11.1 Global Heat Pumps Market Size Forecast
11.2 Global Heat Pumps Market Forecast By Region
11.2.1 North America Market Size Forecast By Country
11.2.2 Europe Heat Pumps Market Size Forecast By Country
11.2.3 Asia Pacific Heat Pumps Market Size Forecast By Region
11.2.4 South America Heat Pumps Market Size Forecast By Country
11.2.5 Middle East And Africa Forecasted Sales Of Heat Pumps By Country
12 Forecast Market By Type And By Application (2026-2033)
12.1 Global Heat Pumps Market Forecast By Type (2026-2033)
12.1.1 Global Forecasted Sales Of Heat Pumps By Type (2026-2033)
12.1.2 Global Heat Pumps Market Size Forecast By Type (2026-2033)
12.1.3 Global Forecasted Price Of Heat Pumps By Type (2026-2033)
12.2 Global Heat Pumps Market Forecast By Application (2026-2033)
12.2.1 Global Heat Pumps Sales (K Units) Forecast By Application
12.2.2 Global Heat Pumps Market Size (M Usd) Forecast By Application (2026-2033)
13 Conclusion And Key Findings
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