Global Heat Pumps Market Research Report, Competitive, Technology and Forecast Analysis 2025-2032
Description
Market Overview
According to DIResearch＇s in-depth investigation and research, the global Heat Pumps market size will reach 104,466 Million USD in 2025 and is projected to reach 161,806 Million USD by 2032, with a CAGR of 6.45% (2025-2032). Notably, the China Heat Pumps market has changed rapidly in the past few years. By 2025, China＇s market size is expected to be Million USD, representing approximately % of the global market share.
Research Summary
Heat pumps are versatile heating, ventilation, and air conditioning (HVAC) systems that use the principles of thermodynamics to transfer heat from one location to another. Operating in both heating and cooling modes, heat pumps can extract heat from the outdoor air, ground, or water sources and transfer it indoors during colder seasons for space heating. Conversely, in warmer weather, they can remove heat from indoor spaces and release it outside for cooling. Heat pumps consist of an outdoor unit with a compressor and coil, connected to an indoor unit with an air handler or duct system. By leveraging the latent heat in the environment, heat pumps provide an energy-efficient method of maintaining comfortable temperatures, offering advantages in terms of both heating and cooling efficacy while often being more environmentally friendly compared to traditional heating or cooling systems.
The major global manufacturers of Heat Pumps include Daikin, Mitsubishi, Atlantic, NIBE Industrier, Hitachi, Bosch, Panasonic, Aermec, STIEBEL ELTRON, CIAT, Fujitsu, Vaillant, Danfoss Group, Carrier, Rheem, Johnson Controls, Kensa, Calorex, Maritime Geothermal, Thermia, ClimateMaster, Bryant, Midea, GREE Electric, Sirac, Anywhere, Fuerda, Tongyi Electrical, AMITIME, Zhengxu, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.
This report studies the market size, price trends and future development prospects of Heat Pumps. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Heat Pumps market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.
The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the Heat Pumps market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Heat Pumps industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.
The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.
Global Key Manufacturers of Heat Pumps Include:
Daikin
Mitsubishi
Atlantic
NIBE Industrier
Hitachi
Bosch
Panasonic
Aermec
STIEBEL ELTRON
CIAT
Fujitsu
Vaillant
Danfoss Group
Carrier
Rheem
Johnson Controls
Kensa
Calorex
Maritime Geothermal
Thermia
ClimateMaster
Bryant
Midea
GREE Electric
Sirac
Anywhere
Fuerda
Tongyi Electrical
AMITIME
Zhengxu
Heat Pumps Product Segment Include:
Air to Water Monobloc
Air to Water Cylinder
Ground/Water to Water
Air to Water Split
Exhaust Air
Heat Pumps Product Application Include:
Residential Heat Pumps
Industrial Heat Pumps
Commercial Heat Pumps
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend
Chapter 2: Global Heat Pumps Industry PESTEL Analysis
Chapter 3: Global Heat Pumps Industry Porter's Five Forces Analysis
Chapter 4: Global Heat Pumps Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis
Chapter 5: Global Heat Pumps Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)
Chapter 6: Global Heat Pumps Sales, Revenue, Price and Forecast by Product Type
Chapter 7: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)
Chapter 8: Industrial Chain Analysis, Heat Pumps Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology and Data Sources
According to DIResearch＇s in-depth investigation and research, the global Heat Pumps market size will reach 104,466 Million USD in 2025 and is projected to reach 161,806 Million USD by 2032, with a CAGR of 6.45% (2025-2032). Notably, the China Heat Pumps market has changed rapidly in the past few years. By 2025, China＇s market size is expected to be Million USD, representing approximately % of the global market share.
Research Summary
Heat pumps are versatile heating, ventilation, and air conditioning (HVAC) systems that use the principles of thermodynamics to transfer heat from one location to another. Operating in both heating and cooling modes, heat pumps can extract heat from the outdoor air, ground, or water sources and transfer it indoors during colder seasons for space heating. Conversely, in warmer weather, they can remove heat from indoor spaces and release it outside for cooling. Heat pumps consist of an outdoor unit with a compressor and coil, connected to an indoor unit with an air handler or duct system. By leveraging the latent heat in the environment, heat pumps provide an energy-efficient method of maintaining comfortable temperatures, offering advantages in terms of both heating and cooling efficacy while often being more environmentally friendly compared to traditional heating or cooling systems.
The major global manufacturers of Heat Pumps include Daikin, Mitsubishi, Atlantic, NIBE Industrier, Hitachi, Bosch, Panasonic, Aermec, STIEBEL ELTRON, CIAT, Fujitsu, Vaillant, Danfoss Group, Carrier, Rheem, Johnson Controls, Kensa, Calorex, Maritime Geothermal, Thermia, ClimateMaster, Bryant, Midea, GREE Electric, Sirac, Anywhere, Fuerda, Tongyi Electrical, AMITIME, Zhengxu, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.
This report studies the market size, price trends and future development prospects of Heat Pumps. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Heat Pumps market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.
The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the Heat Pumps market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Heat Pumps industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.
The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.
Global Key Manufacturers of Heat Pumps Include:
Daikin
Mitsubishi
Atlantic
NIBE Industrier
Hitachi
Bosch
Panasonic
Aermec
STIEBEL ELTRON
CIAT
Fujitsu
Vaillant
Danfoss Group
Carrier
Rheem
Johnson Controls
Kensa
Calorex
Maritime Geothermal
Thermia
ClimateMaster
Bryant
Midea
GREE Electric
Sirac
Anywhere
Fuerda
Tongyi Electrical
AMITIME
Zhengxu
Heat Pumps Product Segment Include:
Air to Water Monobloc
Air to Water Cylinder
Ground/Water to Water
Air to Water Split
Exhaust Air
Heat Pumps Product Application Include:
Residential Heat Pumps
Industrial Heat Pumps
Commercial Heat Pumps
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend
Chapter 2: Global Heat Pumps Industry PESTEL Analysis
Chapter 3: Global Heat Pumps Industry Porter's Five Forces Analysis
Chapter 4: Global Heat Pumps Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis
Chapter 5: Global Heat Pumps Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)
Chapter 6: Global Heat Pumps Sales, Revenue, Price and Forecast by Product Type
Chapter 7: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)
Chapter 8: Industrial Chain Analysis, Heat Pumps Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology and Data Sources
Table of Contents
165 Pages
- 1 Heat Pumps Market Overview
- 1.1 Product Definition and Statistical Scope
- 1.2 Heat Pumps Product by Type
- 1.2.1 Air to Water Monobloc
- 1.2.2 Air to Water Cylinder
- 1.2.3 Ground/Water to Water
- 1.2.4 Air to Water Split
- 1.2.5 Exhaust Air
- 1.3 Heat Pumps Product by Application
- 1.3.1 Residential Heat Pumps
- 1.3.2 Industrial Heat Pumps
- 1.3.3 Commercial Heat Pumps
- 1.4 Global Heat Pumps Market Revenue and Sales Analysis
- 1.4.1 Global Heat Pumps Revenue Market Size Analysis (2020-2032)
- 1.4.2 Global Heat Pumps Sales Market Size Analysis (2020-2032)
- 1.4.3 Global Heat Pumps Market Sales Price Trend Analysis (2020-2032)
- 1.5 Heat Pumps Market Development Status and Trends
- 1.5.1 Heat Pumps Industry Development Status Analysis
- 1.5.2 Heat Pumps Industry Development Trends Analysis
- 2 Heat Pumps Market PESTEL Analysis
- 2.1 Political Factors Analysis
- 2.2 Economic Factors Analysis
- 2.3 Social Factors Analysis
- 2.4 Technological Factors Analysis
- 2.5 Environmental Factors Analysis
- 2.6 Legal Factors Analysis
- 3 Heat Pumps Market Porter's Five Forces Analysis
- 3.1 Competitive Rivalry
- 3.2 Threat of New Entrants
- 3.3 Bargaining Power of Suppliers
- 3.4 Bargaining Power of Buyers
- 3.5 Threat of Substitutes
- 4 Global Heat Pumps Market Analysis by Country
- 4.1 Global Heat Pumps Market Size Analysis by Country: 2024 VS 2025 VS 2032
- 4.1.1 Global Heat Pumps Revenue and Market Share by Country (2020-2025)
- 4.1.2 Global Heat Pumps Revenue and Market Share Forecast by Country (2026-2032)
- 4.2 Global Heat Pumps Sales Analysis by Country: 2024 VS 2025 VS 2032
- 4.2.1 Global Heat Pumps Sales and Market Share by Country (2020-2025)
- 4.2.2 Global Heat Pumps Sales and Market Share Forecast by Country (2026-2032)
- 4.3 United States Heat Pumps Market Sales, Revenue and Growth Rate (2020-2032)
- 4.4 Germany Heat Pumps Market Sales, Revenue and Growth Rate (2020-2032)
- 4.5 Japan Heat Pumps Market Sales, Revenue and Growth Rate (2020-2032)
- 4.6 China Heat Pumps Market Sales, Revenue and Growth Rate (2020-2032)
- 4.7 France Heat Pumps Market Sales, Revenue and Growth Rate (2020-2032)
- 4.8 U.K. Heat Pumps Market Sales, Revenue and Growth Rate (2020-2032)
- 4.9 South Korea Heat Pumps Market Sales, Revenue and Growth Rate (2020-2032)
- 4.10 Canada Heat Pumps Market Sales, Revenue and Growth Rate (2020-2032)
- 4.11 Italy Heat Pumps Market Sales, Revenue and Growth Rate (2020-2032)
- 4.12 Russia Heat Pumps Market Sales, Revenue and Growth Rate (2020-2032)
- 4.13 Mexico Heat Pumps Market Sales, Revenue and Growth Rate (2020-2032)
- 4.14 Brazil Heat Pumps Market Sales, Revenue and Growth Rate (2020-2032)
- 4.15 India Heat Pumps Market Sales, Revenue and Growth Rate (2020-2032)
- 4.16 Vietnam Heat Pumps Market Sales, Revenue and Growth Rate (2020-2032)
- 4.17 Thailand Heat Pumps Market Sales, Revenue and Growth Rate (2020-2032)
- 4.18 South Africa Heat Pumps Market Sales, Revenue and Growth Rate (2020-2032)
- 5 Competition by Manufacturers
- 5.1 Global Heat Pumps Market Sales, Revenue and Sales Price by Key Manufacturers (2021-2025)
- 5.1.1 Global Heat Pumps Market Sales by Key Manufacturers (2021-2025)
- 5.1.2 Global Heat Pumps Market Revenue by Key Manufacturers (2021-2025)
- 5.1.3 Global Heat Pumps Average Sales Price by Manufacturers (2021-2025)
- 5.2 Heat Pumps Competitive Landscape Analysis and Market Dynamic
- 5.2.1 Heat Pumps Competitive Landscape Analysis
- 5.2.2 Global Key Manufacturers Headquarter and Key Area Sales
- 5.2.3 Market Dynamic
- 6 Heat Pumps Market Analysis by Type
- 6.1 Global Heat Pumps Market Revenue Analysis by Type
- 6.1.1 Global Heat Pumps Market Size Analysis by Type: 2024 & 2025 & 2032
- 6.1.2 Global Heat Pumps Revenue and Forecast Analysis by Type (2020-2032)
- 6.2 Global Heat Pumps Sales and Forecast Analysis by Type (2020-2032)
- 6.3 Global Heat Pumps Sales Price Trend Analysis by Type (2020-2032)
- 7 Key Companies Analysis
- 7.1 Daikin
- 7.1.1 Daikin Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.1.2 Daikin Heat Pumps Product Portfolio
- 7.1.3 Daikin Heat Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.2 Mitsubishi
- 7.2.1 Mitsubishi Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.2.2 Mitsubishi Heat Pumps Product Portfolio
- 7.2.3 Mitsubishi Heat Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.3 Atlantic
- 7.3.1 Atlantic Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.3.2 Atlantic Heat Pumps Product Portfolio
- 7.3.3 Atlantic Heat Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.4 NIBE Industrier
- 7.4.1 NIBE Industrier Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.4.2 NIBE Industrier Heat Pumps Product Portfolio
- 7.4.3 NIBE Industrier Heat Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.5 Hitachi
- 7.5.1 Hitachi Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.5.2 Hitachi Heat Pumps Product Portfolio
- 7.5.3 Hitachi Heat Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.6 Bosch
- 7.6.1 Bosch Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.6.2 Bosch Heat Pumps Product Portfolio
- 7.6.3 Bosch Heat Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.7 Panasonic
- 7.7.1 Panasonic Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.7.2 Panasonic Heat Pumps Product Portfolio
- 7.7.3 Panasonic Heat Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.8 Aermec
- 7.8.1 Aermec Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.8.2 Aermec Heat Pumps Product Portfolio
- 7.8.3 Aermec Heat Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.9 STIEBEL ELTRON
- 7.9.1 STIEBEL ELTRON Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.9.2 STIEBEL ELTRON Heat Pumps Product Portfolio
- 7.9.3 STIEBEL ELTRON Heat Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.10 CIAT
- 7.10.1 CIAT Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.10.2 CIAT Heat Pumps Product Portfolio
- 7.10.3 CIAT Heat Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.11 Fujitsu
- 7.11.1 Fujitsu Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.11.2 Fujitsu Heat Pumps Product Portfolio
- 7.11.3 Fujitsu Heat Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.12 Vaillant
- 7.12.1 Vaillant Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.12.2 Vaillant Heat Pumps Product Portfolio
- 7.12.3 Vaillant Heat Pumps Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.13 Danfoss Group
- 7.13.1 Danfoss Group Basic Company Profile (Employees, Areas Service, Compet
Pricing
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