Global Sales Of Heat Pumps Are Projected To Accelerate At A Healthy CAGR Of 9% To Top Us$ 140 Bn By 2031|Fact.MR Study

Heat Pump Market by Product (Air Source, Water Source, Ground Source Heat Pumps), by System (Air-to-Air, Air-to-Water, Electric, Geothermal Heat Pumps), Rated Capacity (Up to 10 kW, 10–20 kW, 20–30 kW, Heat Pump above 30 kW), by Application & Region – Forecast to 2031

The global heat pump market was valued at around US$ 60 Bn in 2020, which amounts to close to 35% share of the overall HVAC (heating, ventilation, and air conditioning) market. Sales of heat pumps are projected to accelerate at a healthy CAGR of 9% to top US$ 140 Bn by 2031.

For More Insights Into The Market, Request a Sample Of This Report:-

Prominent Key Players Of The Heat Pump Market Survey Report:

  • Trane Inc.
  • Midea Group
  • NIBE Group
  • Panasonic Corporation
  • Mitsubishi Electric Corporation
  • Daikin Industries, Ltd.
  • Glen Dimplex Group
  • Viessmann Werke GmbH & Co KG
  • Flamingo Heat Pumps
  • Efficiency Maine
  • Ingersoll Rand, Plc.
  • Melrose Industries PLC.

Key Segments Covered in Heat Pump Industry Research

  • Product Type
    • Air Source Heat Pumps
    • Water Source Heat Pumps
    • Ground Source Heat Pumps
  • System Type
    • Air-to-Air Heat Pumps
    • Air-to-Water Heat Pumps
    • Electric Heat Pumps
    • Geothermal Heat Pumps
  • Rated Capacity
    • Heat Pump Up to 10 kW
    • 10–20 kW Heat Pump
    • 20–30 kW Heat Pump
    • Heat Pump Above 30 kW
  • Application
    • Use of Heat Pumps in Residential sector
    • Use of Heat Pumps in Commercial Sector
    • Use of Heat Pumps in Hospitality Sector
    • Use of Heat Pumps in Retail Sector
    • Use of Heat Pumps in Education Sector
    • Use of Heat Pumps in Industrial Sector
    • Use of Heat Pumps in Food & Beverage Sector
    • Use of Heat Pumps in Paper & Pulp Sector
    • Use of Heat Pumps in Chemicals & Petrochemicals Sector

Need More Information On Our Reporting Methodology? Click here:-

The insights for each vendor consists of:

  • Company profile
  • SWOT analysis
  • Main market information
  • Market share
  • Revenue, pricing and gross margin

What insights does the Heat Pump Market report provide to the readers?

  • Heat Pump fragmentation on the basis of product type, end use, and region.
  • Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
  • Collaborations, R&D projects, acquisitions, and product launches of each Heat Pump player.
  • Various regulations imposed by the governments on the consumption of Heat Pump in detail.
  • Impact of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global Heat Pump.

Full Access of this Report Is Available at :-

The report covers following Heat Pump Market insights and assessment that are helpful for all participants involved in the Heat Pump market:

  • Data on recently introduced regulations and their impact on key industries and on demand in Heat Pump
  • Latest industry Analysis on Heat Pump Market, with key analysis of market drivers, trends, and influencing factors
  • Key trends Analysis of Heat Pump Market and changing consumer preferences in major industries.
  • Changing Heat Pump demand and consumption of diverse products
  • Major trends underlining funding by key investors in numerous countries
  • New investment opportunities in diverse technology and product or service types
  • Comprehensive data and Competitive analysis of Heat Pump major players
  • Heat Pump Market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
  • Heat Pump demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth

Questionnaire answered in the Heat Pump Market report include:

  • How the market for Heat Pump has grown?
  • What is the present and future outlook of the global Heat Pump on the basis of region?
  • What are the challenges and opportunities for the Heat Pump?
  • Why the consumption of Heat Pump highest in region?
  • In which year segment is expected to overtake segment?

For More Insights Of Fact.MR Trending Report:-

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analysed . Our sales offices in United States and Dublin, Ireland. Reach out to us with your goals, and we’ll be an able research partner.


21st floor , 136 Sejong-daero,
South Korea
Phone: +1 (628) 251-1583

Blog URL: