Global Residential Air Source Heat Pumps Market Growth 2025-2031
Description
The global Residential Air Source Heat Pumps market size is predicted to grow from US$ 11970 million in 2025 to US$ 15740 million in 2031; it is expected to grow at a CAGR of 4.7% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Air Source Heat Pump (ASHP) is a device which uses a vapor compression cycle to transfer heat between outdoor air and indoor air or water. There are two type of air source heat pumps including air-to-air heat pumps and air-to-water heat pumps. As the name implies, these systems heat or cool indoor air or move energy into water. An air-source heat pump can provide efficient heating and cooling for your home, especially if you live in a warm climate. When properly installed, an air-source heat pump can deliver one-and-a-half to three times more heat energy to a home than the electrical energy it consumes. This is possible because a heat pump moves heat rather than converting it from a fuel, like in combustion heating systems.
Energy Efficiency and Sustainability: Residential air source heat pumps are considered a more energy-efficient and sustainable heating and cooling solution compared to traditional HVAC systems. They can extract heat from the air to provide heating during colder months and cooling during warmer months, leading to potential energy savings and reduced greenhouse gas emissions.
Upfront Cost: While air source heat pumps can lead to long-term energy savings, their upfront cost can be higher than traditional HVAC systems, which may deter some homeowners from investing in them.
LP Information, Inc. (LPI) ' newest research report, the “Residential Air Source Heat Pumps Industry Forecast” looks at past sales and reviews total world Residential Air Source Heat Pumps sales in 2024, providing a comprehensive analysis by region and market sector of projected Residential Air Source Heat Pumps sales for 2025 through 2031. With Residential Air Source Heat Pumps sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Residential Air Source Heat Pumps industry.
This Insight Report provides a comprehensive analysis of the global Residential Air Source Heat Pumps landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Residential Air Source Heat Pumps portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Residential Air Source Heat Pumps market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Residential Air Source Heat Pumps and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Residential Air Source Heat Pumps.
This report presents a comprehensive overview, market shares, and growth opportunities of Residential Air Source Heat Pumps market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Air-to-Air
Air-to-Water
Segmentation by Application:
Rural
City
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Daikin Industries
Mitsubishi Electric
Fujitsu General
Panasonic
Carrier
Bryant
LG Electronics
lennox
Aermec
Sanden International
NIBE
Bosch Thermotechnik
Danfoss
A. O. Smith
Ingersoll-Rand
Viessmann
Key Questions Addressed in this Report
What is the 10-year outlook for the global Residential Air Source Heat Pumps market?
What factors are driving Residential Air Source Heat Pumps market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Residential Air Source Heat Pumps market opportunities vary by end market size?
How does Residential Air Source Heat Pumps break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Air Source Heat Pump (ASHP) is a device which uses a vapor compression cycle to transfer heat between outdoor air and indoor air or water. There are two type of air source heat pumps including air-to-air heat pumps and air-to-water heat pumps. As the name implies, these systems heat or cool indoor air or move energy into water. An air-source heat pump can provide efficient heating and cooling for your home, especially if you live in a warm climate. When properly installed, an air-source heat pump can deliver one-and-a-half to three times more heat energy to a home than the electrical energy it consumes. This is possible because a heat pump moves heat rather than converting it from a fuel, like in combustion heating systems.
Energy Efficiency and Sustainability: Residential air source heat pumps are considered a more energy-efficient and sustainable heating and cooling solution compared to traditional HVAC systems. They can extract heat from the air to provide heating during colder months and cooling during warmer months, leading to potential energy savings and reduced greenhouse gas emissions.
Upfront Cost: While air source heat pumps can lead to long-term energy savings, their upfront cost can be higher than traditional HVAC systems, which may deter some homeowners from investing in them.
LP Information, Inc. (LPI) ' newest research report, the “Residential Air Source Heat Pumps Industry Forecast” looks at past sales and reviews total world Residential Air Source Heat Pumps sales in 2024, providing a comprehensive analysis by region and market sector of projected Residential Air Source Heat Pumps sales for 2025 through 2031. With Residential Air Source Heat Pumps sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Residential Air Source Heat Pumps industry.
This Insight Report provides a comprehensive analysis of the global Residential Air Source Heat Pumps landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Residential Air Source Heat Pumps portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Residential Air Source Heat Pumps market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Residential Air Source Heat Pumps and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Residential Air Source Heat Pumps.
This report presents a comprehensive overview, market shares, and growth opportunities of Residential Air Source Heat Pumps market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Air-to-Air
Air-to-Water
Segmentation by Application:
Rural
City
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Daikin Industries
Mitsubishi Electric
Fujitsu General
Panasonic
Carrier
Bryant
LG Electronics
lennox
Aermec
Sanden International
NIBE
Bosch Thermotechnik
Danfoss
A. O. Smith
Ingersoll-Rand
Viessmann
Key Questions Addressed in this Report
What is the 10-year outlook for the global Residential Air Source Heat Pumps market?
What factors are driving Residential Air Source Heat Pumps market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Residential Air Source Heat Pumps market opportunities vary by end market size?
How does Residential Air Source Heat Pumps break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
129 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Residential Air Source Heat Pumps by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Residential Air Source Heat Pumps by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
Pricing
Currency Rates
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