Heat Pump Market by Product and Geography - Forecast and Analysis 2021-2025
- Published: Aug 2021
- Pages: 120
- SKU: IRTNTR41169
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The heat pump market size is expected to grow by $ 11.04 bn and record a CAGR of 9.60% during 2021-2025.
This post-pandemic heat pump market report has assessed the shift in consumer behavior and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this heat pump market analysis report, key drivers such as growing construction sector have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges such as disposal challenges and adverse environmental impacts of refrigerants, which will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.
What will the Heat Pump Market Size be in 2021?
Browse TOC and LoE with selected illustrations and example pages of Heat pump Market
Who are the Key Vendors in the Heat Pump Market?
The heat pump market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies including:
- Daikin Industries Ltd.
- Danfoss AS
- Ingersoll Rand Inc
- Johnson Controls International Plc
- Lennox International Inc.
- Mitsubishi Electric Corp.
- NIBE Industrier AB
- Rheem Manufacturing Co.
- Robert Bosch GmbH
- STIEBEL ELTRON GmbH and Co. KG
Our analysts have extensively outlined successful business strategies deployed by the key vendors in this market research report. The heat pump market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
This heat pump market report further entails segmentations by product (Air source heat pumps, Ground source heat pumps, and Exhaust air heat pumps) and geography (APAC, Europe, North America, South America, and MEA). The available actionable insights on the segmentations, in this report, will enable a better understanding of the target audience and changing demand patterns.
To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. The heat pump market further offers well-structured marketing strategies to overcome the negative post-COVID-19 impact, if any, on each product and service segment.
Which are the Key Regional Markets for Heat Pump Market?
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The report offers an up-to-date analysis of the geographical composition of the market. APAC will record a fast growth rate during 2021-2025, owing to which the region should offer several growth opportunities to market vendors. The will significantly influence heat pump market growth in this region. From the statistical study of the geographic landscape, you can interpret and understand the competitive intelligence and regional opportunities in store for vendors for 2021-2025.
56% of the market’s growth will originate from APAC during the forecast period. China, Japan, US, France, and Sweden are the key markets for heat pump market in the region. This report provides estimations of the contribution of all regions to the growth of the heat pump market size.
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Heat Pump Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9.60% |
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Market growth 2021-2025 |
$ 11.04 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
8.56 |
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Regional analysis |
APAC, Europe, North America, South America, and MEA |
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Performing market contribution |
APAC at 56% |
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Key consumer countries |
China, Japan, US, France, and Sweden |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Daikin Industries Ltd., Danfoss AS, Ingersoll Rand Inc, Johnson Controls International Plc, Lennox International Inc., Mitsubishi Electric Corp., NIBE Industrier AB, Rheem Manufacturing Co., Robert Bosch GmbH, and STIEBEL ELTRON GmbH and Co. KG |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Factors Covered in this Heat Pump Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive heat pump market growth during the next five years
- Precise estimation of the heat pump market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the heat pump market industry across APAC, Europe, North America, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of heat pump market vendors
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Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Air source heat pumps - Market size and forecast 2020-2025
- Ground source heat pumps - Market size and forecast 2020-2025
- Exhaust air heat pumps - Market size and forecast 2020-2025
- Market opportunity by Product
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
- Competitive Landscape
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Daikin Industries Ltd.
- Danfoss AS
- Ingersoll Rand Inc
- Johnson Controls International Plc
- Lennox International Inc.
- Mitsubishi Electric Corp.
- NIBE Industrier AB
- Rheem Manufacturing Co.
- Robert Bosch GmbH
- STIEBEL ELTRON GmbH and Co. KG
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Frequently Asked Questions?
- China
- Japan
- US
- France
- Sweden
- Growing construction sector
- Increased adoption of solar-powered heat pumps
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