Global Heat Pump Market by Type (Air to Air, Air to Water, Water Source, Geothermal, Hybrid) Refrigerants (R410A, R407C, R744) Rated Capacity (Up to 10 kW) , 10-20 kW, 20-30 kW, >30 kW) End User (Residential, Commercial, Industrial) and Regions – Forecast to 2026″ report has been added to ResearchAndMarkets.com’s offerings.The global heat pump market is expected to reach USD 83.5 billion by 2026, while the market size is estimated at USD 53.2 billion in 2021, growing at a CAGR of 9.5% during the forecast period.
Factors driving the growth of the heat pump market are supportive government laws and subsidies to improve energy efficiency.The air-to-air heat pump segment dominates the global market The air-to-air heat pump segment is estimated to hold the largest market share and is expected to grow at a CAGR of 9.5% over the forecast period.The air-to-air heat pump type is estimated to hold the largest market share and is expected to grow at the highest rate over the forecast period.The higher growth rate in this segment is due to the lowest CO2 emissions compared to other heat pump types.The residential segment leads the global heat pump market The residential end-user segment holds the largest share of the heat pump market, followed by commercial.Government initiatives to improve energy efficiency in the residential sector are expected to boost the residential sector during the forecast period.Asia Pacific dominates the global heat pump market in terms of annual growth rate. Asia Pacific is estimated to be the largest heat pump market, followed by North America.North America is expected to be the fastest growing market during the forecast period.The growth of the North American heat pump market is expected to be driven by government-led initiatives aimed at reducing air pollution from conventional energy sources used for heating in the residential, commercial, and industrial sectors.Key topics covered: 1 Introduction 2 Research methodology 3 Executive summary
4 Premium Insights 4.1 Heat Pump Market 4.2 Attractive Opportunities in Market, By Region 4.3 Market, By Type 4.4 Market, By End User 4.5 Market, By Rated Capacity 4.6 Market, By Refrigerant Type 4.7 Market In Asia-Pacific, By End User and Country Classification
5 Market Overview 5.1 Introduction 5.2 COVID-19 Health Assessment 5.3 COVID-19 Economic Assessment 5.4 Market Dynamics 5.4.1 Drivers 5.4.1.1 Contribution of Heat Pump Technology to Reduce Carbon Footprint 5.4.1.2 Government Laws and Subsidies to Enhance Energy Efficiency 5.4.2 Constraints 5.4.2.1 Less awareness of the benefits associated with heat pumps in emerging economies 5.4.3 Opportunities 5.4.3.1 Increasing integration of the Internet of Things (IoT) and other advanced technologies with heat pumps 5.4.3.2 Positive outlook on the use of geothermal energy 5.4.4 Challenges 5.4.4.1 High Initial Installation Costs 5.4.4.2 COVID-19 Impact on Heat Pump Market 5.5 A2L Refrigerants 5.6 Heat Pumps Replacing Traditional Heating Methods 5.7 Supply Chain Analysis 5.7.1 Raw Material Suppliers 5.7.2 Original Equipment Manufacturers (OEMs) 5.7 .3 Distributors 5.7.4 End Users 5.8 Innovation and Patent Registration 5.9 Technical Analysis 5.10 Markets: Regulations 5.11 Porter’s Five Forces Analysis 5.12 Pricing Analysis 5.13 Case Study Analysis 5.14 Trends/Disruptions Affecting Client’s Business 5.15 Market Map 5.16 Trade Analysis 5.16. 1 Export scenario 5.16.2 Import scenario
6 Heat Pump Market, By Type 6.1 Introduction 6.2 Air-to-Air Heat Pumps 6.2.1 Low Installation Costs Associated with Air-to-Air Heat Pumps is Driving Its Demand 6.3 Air-to-Water Heat Pumps 6.3.1 Low Emission CO2 Will Be the Driving Force for Air-to-Water Heat Pumps Demand Key Factors 6.4 Water Source Heat Pumps 6.4.1 Coefficient of Performance (COP) of Water Source Heat Pumps Boosting Market Growth 6.5 Ground Source (Geothermal) Heat Pumps6.5.1 High Efficiency Associated with Geothermal Heat Pumps is Driving Its Global Demand
7 Heat Pump Market, By Refrigerant Type 7.1 Introduction 7.2 R410A7.2.1 R410A Does Not Cause Ozone Depletion 7.3 R407C7.3.1 R407C is an Environmentally Friendly Refrigerant 7.4 R7447.4.1 The high volume cooling capacity of R744 is driving its global demand7.5 other
8 Heat Pump Market, by Rated Capacity 8.1 Introduction 8.2 Up to 10 kW8.2.1 Suitable for Single-Family Residential to Drive Growth in the Up to 10 kW Rated Capacity Market 8.3 10-20 kW 8.3.1 Growing Demand for Heat Pumps Residential 10-20 kW Rated Capacity Sector driving market growth 8.4 20-30 kW8.4.1 Heat pumps with rated capacity of 20-30 kW are able to meet heating demand in the commercial sector, driving market growth 8.5 30 kW8 and above.5.1 Increasing adoption of industrial and commercial sectors with rated capacity over 30 kW heat pump to drive market growth
9 Heat Pump Market, By End User 9.1 Introduction 9.2 Residential 9.2.1 Increasing Government Initiatives to Improve Energy Efficiency of Heat Pump Fuel Demand 9.3 Commercial 9.3.1 High Temperature Heating Requirements in Commercial Sector to Promote Demand for Heat Pump 9.4 Industry 9.4.1 Due to its Energy Efficiency Features Driving Market Growth Rising Demand for Heat Pumps in Industrial Sector