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2022
Residential Heat Pump Market

Residential Heat Pump Market

by Type (Air Source, Water Source, Geothermal), by Power Source (Electric Powered, Gas Powered): Global Opportunity Analysis and Industry Forecast, 2021-2030
Update Available On-Demand

EP : Equipment and Devices
Report Code: A15982
Jun 2022 | Pages: 210
Tables: 116
Charts: 61

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Residential Heat Pump Market Research, 2030

The global residential heat pump market was valued at $33.5 billion in 2021, and is projected to reach $77.5 billion by 2030, growing at a CAGR of 9.7% from 2022 to 2030. Residential heat pumps are alternate energy sources to furnaces and air conditioners. Heat pumps transfer heat from a cool to a warm space using electricity, thereby, cooling the cool space and warming the warm space. Residential heat pumps can efficiently produce pleasant temperatures for home because they transfer heat rather than generating it.

The residential heat pump market experienced a negative impact owing to delay in the availability of raw materials such as stainless steel components, iron castings, aluminum tubing, magnesium for mechanical & corrosion resistance due to closure of manufacturing units and import-export restrictions.

Residential Heat Pump Market, Residential Heat Pump Industry, Residential Heat Pump Market Size, Residential Heat Pump Market Share, Residential Heat Pump Market Forecast, Residential Heat Pump Market Analysis, Residential Heat Pump Market Trends, Residential Heat Pump Market Growth

Heat pumps, in general, are basically of three types, based on ducts. They are air-to-air, water-source, and geothermal heat pumps. They concentrate heat collected from air, water, or earth outside home for use inside.

Heat pumps are more popular in the region of temperate climate where the temperature rarely falls below the freezing point. They can also be paired with furnaces in colder climates for energy-efficient heating. When the outside temperature goes too low for the heat pump to function properly, the system falls back on the furnace to provide heat. This type of system is referred to as a dual fuel system since it is both energy and cost efficient. The report highlights different factors that impact the growth of the global market such as key drivers, restraints, growth opportunities, and the role of different key players.

The global residential heat pump market is segmented on the basis of type and power source. By type, the market is classified as air source, water source, and geothermal. By power source, the market is classified electric powered and gas powered. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in this report include Midea Group, Johnson Controls, Daikin, Carrier Corporation, Glen Dimplex, NIBE, Stiebel Eltron, Viessmann, Mitsubishi Electric Corporation, and Danfoss.

Residential Heat Pump Market

By type, the air source sub-segment dominated the global residential heat pump market in 2021 and is projected to be the fastest-growing sub-segment during the forecast period. Air source, for residential heat pump, is considered to be environment efficient heating medium as it transfers heat from air source without any carbon emissions. Thus, it is considered an ideal choice for residential heating.

Residential Heat Pump Market

By power source, the electric powered sub-segment dominated the global residential heat pump market in 2021 and is also projected to be the fastest-growing segment during the forecast period. The growth of electric powered sub-segment is attributed to the fact that electric powered residential heat pump is easy to operate and requires electricity to run. Thus, the chances of harmful gas generation is entirely eliminated in the process. This way, the residential heat pump becomes environment friendly and less expensive.

Residential Heat Pump Market

By region, Asia-Pacific dominated the global residential heat pump industry in 2021 and is projected to remain the fastest-growing sub-segment during the forecast period. This is attributed to numerous factors such as growing demand for residential heat pumps among people due to cooler temperatures in most part of the region.

IMPACT OF COVID-19 ON THE GLOBAL RESIDENTIAL HEAT PUMP MARKET

  • Residential heat pumps are largely installed in home areas for heating the indoors. However, the manufacturing facilities of heat pumps have been highly impacted by lockdown and strict regulations imposed due to the COVID-19 pandemic and recorded a huge decline in 2020 due to less workforce and disrupted supply chain.
  • COVID-19 impacted almost all industries by hindering various industrial operations and disrupting the supply chain. Maximum companies halted their operations due to fewer resources. Therefore, a major growth decline was observed in the global residential heat pump market size due to the impact of COVID-19.
  • Furthermore, the supply of raw materials such as iron and sensors was decreased due to transportation restrictions, which, in turn, adversely affected the manufacturing of residential heat pumps, thereby affecting the global market.

According to the United Nations Industrial Development Organization (UNIDO), 30.0%–70.0% of pre-COVID-19 workforce of various industries, such as electrical and other third-party vendors migrated to their hometowns due to uncertainties and loss of income during the lockdown. This unavailability or less availability of workforce is expected to directly affect the production and manufacturing activities, thereby resulting in decline in home equipment manufacturing industry, which in turn, is expected to decline the residential heat pump market share during the forecast period.

KEY BENEFITS FOR STAKEHOLDERS

  • The report provides an in-depth analysis of the global residential heat pump market trends along with the current and future market forecast.
  • This report highlights the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period.
  • Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the global residential heat pump market forecast for strategy building.
  • A comprehensive global residential heat pump market analysis covers factors that drive and restrain the residential heat pump market growth.
  • The qualitative data in this report aims on market dynamics, trends, and developments.

 Residential Heat Pump Market Report Highlights

Aspects Details
By Type
  • Water Source
  • Geothermal
  • Air Source
By Power Source
  • Electric Powered
  • Gas Powered
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, U.K., France, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, UAE, South Africa, Rest of LAMEA)
Key Market Players Johnson Controls International plc, Daikin Industries Ltd., Mitsubishi Electric Corporation, carrier corporation, Danfoss, viessmann, Glen Dimplex Heating & Ventilation (GDHV), NIBE Group, Midea Group Co., Ltd., stiebel eltron ag
 

  • CHAPTER 1:INTRODUCTION

    • 1.1.Report description

    • 1.2.Key market segments

    • 1.3.Key benefits to the stakeholders

    • 1.4.Research Methodology

      • 1.4.1.Secondary research

      • 1.4.2.Primary research

      • 1.4.3.Analyst tools and models

  • CHAPTER 2:EXECUTIVE SUMMARY

    • 2.1.Key findings of the study

    • 2.2.CXO Perspective

  • CHAPTER 3:MARKET OVERVIEW

    • 3.1.Market definition and scope

    • 3.2.Key findings

      • 3.2.1.Top investment pockets

    • 3.3.Porter’s five forces analysis

    • 3.4.Top player positioning

    • 3.5.Market dynamics

      • 3.5.1.Drivers

      • 3.5.2.Restraints

      • 3.5.3.Opportunities

    • 3.6.COVID-19 Impact Analysis on the market

    • 3.7.Value Chain Analysis

    • 3.8.Key Regulation Analysis

    • 3.9.Patent Landscape

    • 3.10.Regulatory Guidelines

    • 3.11.Market Share Analysis

  • CHAPTER 4: RESIDENTIAL HEAT PUMP MARKET, BY TYPE

    • 4.1 Overview

      • 4.1.1 Market size and forecast

    • 4.2 Air Source

      • 4.2.1 Key market trends, growth factors and opportunities

      • 4.2.2 Market size and forecast, by region

      • 4.2.3 Market analysis by country

    • 4.3 Water Source

      • 4.3.1 Key market trends, growth factors and opportunities

      • 4.3.2 Market size and forecast, by region

      • 4.3.3 Market analysis by country

    • 4.4 Geothermal

      • 4.4.1 Key market trends, growth factors and opportunities

      • 4.4.2 Market size and forecast, by region

      • 4.4.3 Market analysis by country

  • CHAPTER 5: RESIDENTIAL HEAT PUMP MARKET, BY POWER SOURCE

    • 5.1 Overview

      • 5.1.1 Market size and forecast

    • 5.2 Electric Powered

      • 5.2.1 Key market trends, growth factors and opportunities

      • 5.2.2 Market size and forecast, by region

      • 5.2.3 Market analysis by country

    • 5.3 Gas Powered

      • 5.3.1 Key market trends, growth factors and opportunities

      • 5.3.2 Market size and forecast, by region

      • 5.3.3 Market analysis by country

  • CHAPTER 6: RESIDENTIAL HEAT PUMP MARKET, BY REGION

    • 6.1 Overview

      • 6.1.1 Market size and forecast

    • 6.2 North America

      • 6.2.1 Key trends and opportunities

      • 6.2.2 North America Market size and forecast, by Type

      • 6.2.3 North America Market size and forecast, by Power Source

      • 6.2.4 North America Market size and forecast, by country

        • 6.2.4.1 U.S.
          • 6.2.4.1.1 Market size and forecast, by Type
          • 6.2.4.1.2 Market size and forecast, by Power Source
        • 6.2.4.2 Canada
          • 6.2.4.2.1 Market size and forecast, by Type
          • 6.2.4.2.2 Market size and forecast, by Power Source
        • 6.2.4.3 Mexico
          • 6.2.4.3.1 Market size and forecast, by Type
          • 6.2.4.3.2 Market size and forecast, by Power Source

    • 6.3 Europe

      • 6.3.1 Key trends and opportunities

      • 6.3.2 Europe Market size and forecast, by Type

      • 6.3.3 Europe Market size and forecast, by Power Source

      • 6.3.4 Europe Market size and forecast, by country

        • 6.3.4.1 Germany
          • 6.3.4.1.1 Market size and forecast, by Type
          • 6.3.4.1.2 Market size and forecast, by Power Source
        • 6.3.4.2 U.K.
          • 6.3.4.2.1 Market size and forecast, by Type
          • 6.3.4.2.2 Market size and forecast, by Power Source
        • 6.3.4.3 France
          • 6.3.4.3.1 Market size and forecast, by Type
          • 6.3.4.3.2 Market size and forecast, by Power Source
        • 6.3.4.4 Spain
          • 6.3.4.4.1 Market size and forecast, by Type
          • 6.3.4.4.2 Market size and forecast, by Power Source
        • 6.3.4.5 Italy
          • 6.3.4.5.1 Market size and forecast, by Type
          • 6.3.4.5.2 Market size and forecast, by Power Source
        • 6.3.4.6 Rest of Europe
          • 6.3.4.6.1 Market size and forecast, by Type
          • 6.3.4.6.2 Market size and forecast, by Power Source

    • 6.4 Asia-Pacific

      • 6.4.1 Key trends and opportunities

      • 6.4.2 Asia-Pacific Market size and forecast, by Type

      • 6.4.3 Asia-Pacific Market size and forecast, by Power Source

      • 6.4.4 Asia-Pacific Market size and forecast, by country

        • 6.4.4.1 China
          • 6.4.4.1.1 Market size and forecast, by Type
          • 6.4.4.1.2 Market size and forecast, by Power Source
        • 6.4.4.2 Japan
          • 6.4.4.2.1 Market size and forecast, by Type
          • 6.4.4.2.2 Market size and forecast, by Power Source
        • 6.4.4.3 India
          • 6.4.4.3.1 Market size and forecast, by Type
          • 6.4.4.3.2 Market size and forecast, by Power Source
        • 6.4.4.4 South Korea
          • 6.4.4.4.1 Market size and forecast, by Type
          • 6.4.4.4.2 Market size and forecast, by Power Source
        • 6.4.4.5 Australia
          • 6.4.4.5.1 Market size and forecast, by Type
          • 6.4.4.5.2 Market size and forecast, by Power Source
        • 6.4.4.6 Rest of Asia-Pacific
          • 6.4.4.6.1 Market size and forecast, by Type
          • 6.4.4.6.2 Market size and forecast, by Power Source

    • 6.5 LAMEA

      • 6.5.1 Key trends and opportunities

      • 6.5.2 LAMEA Market size and forecast, by Type

      • 6.5.3 LAMEA Market size and forecast, by Power Source

      • 6.5.4 LAMEA Market size and forecast, by country

        • 6.5.4.1 Brazil
          • 6.5.4.1.1 Market size and forecast, by Type
          • 6.5.4.1.2 Market size and forecast, by Power Source
        • 6.5.4.2 Saudi Arabia
          • 6.5.4.2.1 Market size and forecast, by Type
          • 6.5.4.2.2 Market size and forecast, by Power Source
        • 6.5.4.3 UAE
          • 6.5.4.3.1 Market size and forecast, by Type
          • 6.5.4.3.2 Market size and forecast, by Power Source
        • 6.5.4.4 South Africa
          • 6.5.4.4.1 Market size and forecast, by Type
          • 6.5.4.4.2 Market size and forecast, by Power Source
        • 6.5.4.5 Rest of LAMEA
          • 6.5.4.5.1 Market size and forecast, by Type
          • 6.5.4.5.2 Market size and forecast, by Power Source

  • CHAPTER 7: COMPANY LANDSCAPE

    • 7.1. Introduction

    • 7.2. Top winning strategies

    • 7.3. Product Mapping of Top 10 Player

    • 7.4. Competitive Dashboard

    • 7.5. Competitive Heatmap

    • 7.6. Key developments

  • CHAPTER 8: COMPANY PROFILES

    • 8.1 Midea Group Co., Ltd.

      • 8.1.1 Company overview

      • 8.1.2 Company snapshot

      • 8.1.3 Operating business segments

      • 8.1.4 Product portfolio

      • 8.1.5 Business performance

      • 8.1.6 Key strategic moves and developments

    • 8.2 Johnson Controls International plc

      • 8.2.1 Company overview

      • 8.2.2 Company snapshot

      • 8.2.3 Operating business segments

      • 8.2.4 Product portfolio

      • 8.2.5 Business performance

      • 8.2.6 Key strategic moves and developments

    • 8.3 Daikin Industries Ltd.

      • 8.3.1 Company overview

      • 8.3.2 Company snapshot

      • 8.3.3 Operating business segments

      • 8.3.4 Product portfolio

      • 8.3.5 Business performance

      • 8.3.6 Key strategic moves and developments

    • 8.4 carrier corporation

      • 8.4.1 Company overview

      • 8.4.2 Company snapshot

      • 8.4.3 Operating business segments

      • 8.4.4 Product portfolio

      • 8.4.5 Business performance

      • 8.4.6 Key strategic moves and developments

    • 8.5 Glen Dimplex Heating & Ventilation (GDHV)

      • 8.5.1 Company overview

      • 8.5.2 Company snapshot

      • 8.5.3 Operating business segments

      • 8.5.4 Product portfolio

      • 8.5.5 Business performance

      • 8.5.6 Key strategic moves and developments

    • 8.6 NIBE Group

      • 8.6.1 Company overview

      • 8.6.2 Company snapshot

      • 8.6.3 Operating business segments

      • 8.6.4 Product portfolio

      • 8.6.5 Business performance

      • 8.6.6 Key strategic moves and developments

    • 8.7 viessmann

      • 8.7.1 Company overview

      • 8.7.2 Company snapshot

      • 8.7.3 Operating business segments

      • 8.7.4 Product portfolio

      • 8.7.5 Business performance

      • 8.7.6 Key strategic moves and developments

    • 8.8 Mitsubishi Electric Corporation

      • 8.8.1 Company overview

      • 8.8.2 Company snapshot

      • 8.8.3 Operating business segments

      • 8.8.4 Product portfolio

      • 8.8.5 Business performance

      • 8.8.6 Key strategic moves and developments

    • 8.9 Danfoss

      • 8.9.1 Company overview

      • 8.9.2 Company snapshot

      • 8.9.3 Operating business segments

      • 8.9.4 Product portfolio

      • 8.9.5 Business performance

      • 8.9.6 Key strategic moves and developments

    • 8.10 stiebel eltron ag

      • 8.10.1 Company overview

      • 8.10.2 Company snapshot

      • 8.10.3 Operating business segments

      • 8.10.4 Product portfolio

      • 8.10.5 Business performance

      • 8.10.6 Key strategic moves and developments

  • LIST OF TABLES

  • TABLE 1. GLOBAL RESIDENTIAL HEAT PUMP MARKET, BY TYPE, 2021-2030,($MILLION)
    TABLE 8. GLOBAL RESIDENTIAL HEAT PUMP MARKET, BY POWER SOURCE, 2021-2030,($MILLION)
    TABLE 9. RESIDENTIAL HEAT PUMP MARKET REVENUE, FOR ELECTRIC POWERED, BY REGION , 2021-2030,($MILLION)
    TABLE 10. RESIDENTIAL HEAT PUMP MARKET ELECTRIC POWERED BY COUNTRY, 2021-2030,($MILLION)
    TABLE 11. RESIDENTIAL HEAT PUMP MARKET REVENUE, FOR GAS POWERED, BY REGION , 2021-2030,($MILLION)
    TABLE 12. RESIDENTIAL HEAT PUMP MARKET GAS POWERED BY COUNTRY, 2021-2030,($MILLION)
    TABLE 13. RESIDENTIAL HEAT PUMP MARKET, BY REGION, 2021-2030,($MILLION)
    TABLE 15. NORTH AMERICA RESIDENTIAL HEAT PUMP MARKET, BY POWER SOURCE, 2021-2030,($MILLION)
    TABLE 16. NORTH AMERICA RESIDENTIAL HEAT PUMP MARKET, BY COUNTRY, 2021-2030,($MILLION)
    TABLE 25. EUROPE RESIDENTIAL HEAT PUMP MARKET, BY COUNTRY, 2021-2030,($MILLION)
    TABLE 37. REST OF EUROPE RESIDENTIAL HEAT PUMP MARKET BY POWER SOURCE 2021-2030,($MILLION)
    TABLE 38. ASIA-PACIFIC RESIDENTIAL HEAT PUMP MARKET, BY TYPE, 2021-2030,($MILLION)
    TABLE 39. ASIA-PACIFIC RESIDENTIAL HEAT PUMP MARKET, BY POWER SOURCE, 2021-2030,($MILLION)
    TABLE 40. ASIA-PACIFIC RESIDENTIAL HEAT PUMP MARKET, BY COUNTRY, 2021-2030,($MILLION)
    TABLE 42. CHINA RESIDENTIAL HEAT PUMP MARKET BY POWER SOURCE 2021-2030,($MILLION)
    TABLE 44. JAPAN RESIDENTIAL HEAT PUMP MARKET BY POWER SOURCE 2021-2030,($MILLION)
    TABLE 46. INDIA RESIDENTIAL HEAT PUMP MARKET BY POWER SOURCE 2021-2030,($MILLION)
    TABLE 48. SOUTH KOREA RESIDENTIAL HEAT PUMP MARKET BY POWER SOURCE 2021-2030,($MILLION)
    TABLE 50. AUSTRALIA RESIDENTIAL HEAT PUMP MARKET BY POWER SOURCE 2021-2030,($MILLION)
    TABLE 52. REST OF ASIA-PACIFIC RESIDENTIAL HEAT PUMP MARKET BY POWER SOURCE 2021-2030,($MILLION)
    TABLE 54. LAMEA RESIDENTIAL HEAT PUMP MARKET, BY POWER SOURCE, 2021-2030,($MILLION)
    TABLE 55. LAMEA RESIDENTIAL HEAT PUMP MARKET, BY COUNTRY, 2021-2030,($MILLION)
    TABLE 66.MIDEA GROUP CO., LTD.: COMPANY SNAPSHOT
    TABLE 67.MIDEA GROUP CO., LTD.: OPERATING SEGMENTS
    TABLE 68.MIDEA GROUP CO., LTD.: PRODUCT PORTFOLIO
    TABLE 69.MIDEA GROUP CO., LTD.: NET SALES,
    TABLE 70.MIDEA GROUP CO., LTD.: KEY STRATERGIES
    TABLE 71.JOHNSON CONTROLS INTERNATIONAL PLC: COMPANY SNAPSHOT
    TABLE 72.JOHNSON CONTROLS INTERNATIONAL PLC: OPERATING SEGMENTS
    TABLE 73.JOHNSON CONTROLS INTERNATIONAL PLC: PRODUCT PORTFOLIO
    TABLE 74.JOHNSON CONTROLS INTERNATIONAL PLC: NET SALES,
    TABLE 75.JOHNSON CONTROLS INTERNATIONAL PLC: KEY STRATERGIES
    TABLE 76.DAIKIN INDUSTRIES LTD.: COMPANY SNAPSHOT
    TABLE 77.DAIKIN INDUSTRIES LTD.: OPERATING SEGMENTS
    TABLE 78.DAIKIN INDUSTRIES LTD.: PRODUCT PORTFOLIO
    TABLE 79.DAIKIN INDUSTRIES LTD.: NET SALES,
    TABLE 80.DAIKIN INDUSTRIES LTD.: KEY STRATERGIES
    TABLE 81.CARRIER CORPORATION: COMPANY SNAPSHOT
    TABLE 82.CARRIER CORPORATION: OPERATING SEGMENTS
    TABLE 83.CARRIER CORPORATION: PRODUCT PORTFOLIO
    TABLE 84.CARRIER CORPORATION: NET SALES,
    TABLE 85.CARRIER CORPORATION: KEY STRATERGIES
    TABLE 86.GLEN DIMPLEX HEATING & VENTILATION (GDHV): COMPANY SNAPSHOT
    TABLE 87.GLEN DIMPLEX HEATING & VENTILATION (GDHV): OPERATING SEGMENTS
    TABLE 88.GLEN DIMPLEX HEATING & VENTILATION (GDHV): PRODUCT PORTFOLIO
    TABLE 89.GLEN DIMPLEX HEATING & VENTILATION (GDHV): NET SALES,
    TABLE 90.GLEN DIMPLEX HEATING & VENTILATION (GDHV): KEY STRATERGIES
    TABLE 91.NIBE GROUP: COMPANY SNAPSHOT
    TABLE 92.NIBE GROUP: OPERATING SEGMENTS
    TABLE 93.NIBE GROUP: PRODUCT PORTFOLIO
    TABLE 94.NIBE GROUP: NET SALES,
    TABLE 95.NIBE GROUP: KEY STRATERGIES
    TABLE 96.VIESSMANN: COMPANY SNAPSHOT
    TABLE 97.VIESSMANN: OPERATING SEGMENTS
    TABLE 98.VIESSMANN: PRODUCT PORTFOLIO
    TABLE 99.VIESSMANN: NET SALES,
    TABLE 100.VIESSMANN: KEY STRATERGIES
    TABLE 101.MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
    TABLE 102.MITSUBISHI ELECTRIC CORPORATION: OPERATING SEGMENTS
    TABLE 103.MITSUBISHI ELECTRIC CORPORATION: PRODUCT PORTFOLIO
    TABLE 104.MITSUBISHI ELECTRIC CORPORATION: NET SALES,
    TABLE 105.MITSUBISHI ELECTRIC CORPORATION: KEY STRATERGIES
    TABLE 106.DANFOSS: COMPANY SNAPSHOT
    TABLE 107.DANFOSS: OPERATING SEGMENTS
    TABLE 108.DANFOSS: PRODUCT PORTFOLIO
    TABLE 109.DANFOSS: NET SALES,
    TABLE 110.DANFOSS: KEY STRATERGIES
    TABLE 2. RESIDENTIAL HEAT PUMP MARKET REVENUE, FOR AIR SOURCE, BY REGION , 2021-2030,($MILLION)
    TABLE 3. RESIDENTIAL HEAT PUMP MARKET AIR SOURCE BY COUNTRY, 2021-2030,($MILLION)
    TABLE 4. RESIDENTIAL HEAT PUMP MARKET REVENUE, FOR WATER SOURCE, BY REGION , 2021-2030,($MILLION)
    TABLE 5. RESIDENTIAL HEAT PUMP MARKET WATER SOURCE BY COUNTRY, 2021-2030,($MILLION)
    TABLE 6. RESIDENTIAL HEAT PUMP MARKET REVENUE, FOR GEOTHERMAL, BY REGION , 2021-2030,($MILLION)
    TABLE 17. U.S. RESIDENTIAL HEAT PUMP MARKET BY TYPE 2021-2030,($MILLION)
    TABLE 19. CANADA RESIDENTIAL HEAT PUMP MARKET BY TYPE 2021-2030,($MILLION)
    TABLE 21. MEXICO RESIDENTIAL HEAT PUMP MARKET BY TYPE 2021-2030,($MILLION)
    TABLE 23. EUROPE RESIDENTIAL HEAT PUMP MARKET, BY TYPE, 2021-2030,($MILLION)
    TABLE 26. GERMANY RESIDENTIAL HEAT PUMP MARKET BY TYPE 2021-2030,($MILLION)
    TABLE 28. U.K. RESIDENTIAL HEAT PUMP MARKET BY TYPE 2021-2030,($MILLION)
    TABLE 30. FRANCE RESIDENTIAL HEAT PUMP MARKET BY TYPE 2021-2030,($MILLION)
    TABLE 32. SPAIN RESIDENTIAL HEAT PUMP MARKET BY TYPE 2021-2030,($MILLION)
    TABLE 34. ITALY RESIDENTIAL HEAT PUMP MARKET BY TYPE 2021-2030,($MILLION)
    TABLE 36. REST OF EUROPE RESIDENTIAL HEAT PUMP MARKET BY TYPE 2021-2030,($MILLION)
    TABLE 41. CHINA RESIDENTIAL HEAT PUMP MARKET BY TYPE 2021-2030,($MILLION)
    TABLE 43. JAPAN RESIDENTIAL HEAT PUMP MARKET BY TYPE 2021-2030,($MILLION)
    TABLE 45. INDIA RESIDENTIAL HEAT PUMP MARKET BY TYPE 2021-2030,($MILLION)
    TABLE 47. SOUTH KOREA RESIDENTIAL HEAT PUMP MARKET BY TYPE 2021-2030,($MILLION)
    TABLE 49. AUSTRALIA RESIDENTIAL HEAT PUMP MARKET BY TYPE 2021-2030,($MILLION)
    TABLE 51. REST OF ASIA-PACIFIC RESIDENTIAL HEAT PUMP MARKET BY TYPE 2021-2030,($MILLION)
    TABLE 53. LAMEA RESIDENTIAL HEAT PUMP MARKET, BY TYPE, 2021-2030,($MILLION)
    TABLE 56. BRAZIL RESIDENTIAL HEAT PUMP MARKET BY TYPE 2021-2030,($MILLION)
    TABLE 58. SAUDI ARABIA RESIDENTIAL HEAT PUMP MARKET BY TYPE 2021-2030,($MILLION)
    TABLE 60. UAE RESIDENTIAL HEAT PUMP MARKET BY TYPE 2021-2030,($MILLION)
    TABLE 62. SOUTH AFRICA RESIDENTIAL HEAT PUMP MARKET BY TYPE 2021-2030,($MILLION)
    TABLE 63. SOUTH AFRICA RESIDENTIAL HEAT PUMP MARKET BY POWER SOURCE 2021-2030,($MILLION)
    TABLE 65. REST OF LAMEA RESIDENTIAL HEAT PUMP MARKET BY POWER SOURCE 2021-2030,($MILLION)
    TABLE 64. REST OF LAMEA RESIDENTIAL HEAT PUMP MARKET BY TYPE 2021-2030,($MILLION)
    TABLE 29. U.K. RESIDENTIAL HEAT PUMP MARKET BY POWER SOURCE 2021-2030,($MILLION)
    TABLE 31. FRANCE RESIDENTIAL HEAT PUMP MARKET BY POWER SOURCE 2021-2030,($MILLION)
    TABLE 33. SPAIN RESIDENTIAL HEAT PUMP MARKET BY POWER SOURCE 2021-2030,($MILLION)
    TABLE 35. ITALY RESIDENTIAL HEAT PUMP MARKET BY POWER SOURCE 2021-2030,($MILLION)
    TABLE 57. BRAZIL RESIDENTIAL HEAT PUMP MARKET BY POWER SOURCE 2021-2030,($MILLION)
    TABLE 59. SAUDI ARABIA RESIDENTIAL HEAT PUMP MARKET BY POWER SOURCE 2021-2030,($MILLION)
    TABLE 61. UAE RESIDENTIAL HEAT PUMP MARKET BY POWER SOURCE 2021-2030,($MILLION)
    TABLE 18. U.S. RESIDENTIAL HEAT PUMP MARKET BY POWER SOURCE 2021-2030,($MILLION)
    TABLE 20. CANADA RESIDENTIAL HEAT PUMP MARKET BY POWER SOURCE 2021-2030,($MILLION)
    TABLE 22. MEXICO RESIDENTIAL HEAT PUMP MARKET BY POWER SOURCE 2021-2030,($MILLION)
    TABLE 24. EUROPE RESIDENTIAL HEAT PUMP MARKET, BY POWER SOURCE, 2021-2030,($MILLION)
    TABLE 27. GERMANY RESIDENTIAL HEAT PUMP MARKET BY POWER SOURCE 2021-2030,($MILLION)
    TABLE 111.STIEBEL ELTRON AG: COMPANY SNAPSHOT
    TABLE 112.STIEBEL ELTRON AG: OPERATING SEGMENTS
    TABLE 113.STIEBEL ELTRON AG: PRODUCT PORTFOLIO
    TABLE 114.STIEBEL ELTRON AG: NET SALES,
    TABLE 7. RESIDENTIAL HEAT PUMP MARKET GEOTHERMAL BY COUNTRY, 2021-2030,($MILLION)
    TABLE 14. NORTH AMERICA RESIDENTIAL HEAT PUMP MARKET, BY TYPE, 2021-2030,($MILLION)
    TABLE 115.STIEBEL ELTRON AG: KEY STRATERGIES

  • LIST OF FIGURES

  • FIGURE 1.RESIDENTIAL HEAT PUMP MARKET SEGMENTATION
    FIGURE 2.RESIDENTIAL HEAT PUMP MARKET,2021-2030
    FIGURE 3.RESIDENTIAL HEAT PUMP MARKET,2021-2030
    FIGURE 4. TOP INVESTMENT POCKETS, BY REGION
    FIGURE 5.PORTER FIVE-1
    FIGURE 6.PORTER FIVE-2
    FIGURE 7.PORTER FIVE-3
    FIGURE 8.PORTER FIVE-4
    FIGURE 9.PORTER FIVE-5
    FIGURE 10.TOP PLAYER POSITIONING
    FIGURE 11.RESIDENTIAL HEAT PUMP MARKET:DRIVERS, RESTRAINTS AND OPPORTUNITIES
    FIGURE 12.VALUE CHAIN ANALYSIS
    FIGURE 13.KEY REGULATION ANALYSIS
    FIGURE 14.PATENT ANALYSIS BY COMPANY
    FIGURE 15.PATENT ANALYSIS BY COUNTRY
    FIGURE 16.REGULATORY GUIDELINES
    FIGURE 17.MARKET SHARE ANALYSIS
    FIGURE 18.RESIDENTIAL HEAT PUMP MARKET,BY TYPE,2021(%)
    FIGURE 19.COMPARATIVE SHARE ANALYSIS OF AIR SOURCE RESIDENTIAL HEAT PUMP MARKET,2021-2030(%)
    FIGURE 20.COMPARATIVE SHARE ANALYSIS OF WATER SOURCE RESIDENTIAL HEAT PUMP MARKET,2021-2030(%)
    FIGURE 21.COMPARATIVE SHARE ANALYSIS OF GEOTHERMAL RESIDENTIAL HEAT PUMP MARKET,2021-2030(%)
    FIGURE 22.RESIDENTIAL HEAT PUMP MARKET,BY POWER SOURCE,2021(%)
    FIGURE 23.COMPARATIVE SHARE ANALYSIS OF ELECTRIC POWERED RESIDENTIAL HEAT PUMP MARKET,2021-2030(%)
    FIGURE 24.COMPARATIVE SHARE ANALYSIS OF GAS POWERED RESIDENTIAL HEAT PUMP MARKET,2021-2030(%)
    FIGURE 25.RESIDENTIAL HEAT PUMP MARKET BY REGION,2021
    FIGURE 26.U.S. RESIDENTIAL HEAT PUMP MARKET,2021-2030($MILLION)
    FIGURE 27.CANADA RESIDENTIAL HEAT PUMP MARKET,2021-2030($MILLION)
    FIGURE 28.MEXICO RESIDENTIAL HEAT PUMP MARKET,2021-2030($MILLION)
    FIGURE 29.GERMANY RESIDENTIAL HEAT PUMP MARKET,2021-2030($MILLION)
    FIGURE 30.U.K. RESIDENTIAL HEAT PUMP MARKET,2021-2030($MILLION)
    FIGURE 31.FRANCE RESIDENTIAL HEAT PUMP MARKET,2021-2030($MILLION)
    FIGURE 32.SPAIN RESIDENTIAL HEAT PUMP MARKET,2021-2030($MILLION)
    FIGURE 33.ITALY RESIDENTIAL HEAT PUMP MARKET,2021-2030($MILLION)
    FIGURE 34.REST OF EUROPE RESIDENTIAL HEAT PUMP MARKET,2021-2030($MILLION)
    FIGURE 35.CHINA RESIDENTIAL HEAT PUMP MARKET,2021-2030($MILLION)
    FIGURE 36.JAPAN RESIDENTIAL HEAT PUMP MARKET,2021-2030($MILLION)
    FIGURE 37.INDIA RESIDENTIAL HEAT PUMP MARKET,2021-2030($MILLION)
    FIGURE 38.SOUTH KOREA RESIDENTIAL HEAT PUMP MARKET,2021-2030($MILLION)
    FIGURE 39.AUSTRALIA RESIDENTIAL HEAT PUMP MARKET,2021-2030($MILLION)
    FIGURE 40.REST OF ASIA-PACIFIC RESIDENTIAL HEAT PUMP MARKET,2021-2030($MILLION)
    FIGURE 41.BRAZIL RESIDENTIAL HEAT PUMP MARKET,2021-2030($MILLION)
    FIGURE 42.SAUDI ARABIA RESIDENTIAL HEAT PUMP MARKET,2021-2030($MILLION)
    FIGURE 43.UAE RESIDENTIAL HEAT PUMP MARKET,2021-2030($MILLION)
    FIGURE 44.SOUTH AFRICA RESIDENTIAL HEAT PUMP MARKET,2021-2030($MILLION)
    FIGURE 45.REST OF LAMEA RESIDENTIAL HEAT PUMP MARKET,2021-2030($MILLION)
    FIGURE 46. TOP WINNING STRATEGIES, BY YEAR
    FIGURE 47. TOP WINNING STRATEGIES, BY DEVELOPMENT
    FIGURE 48. TOP WINNING STRATEGIES, BY COMPANY
    FIGURE 49.PRODUCT MAPPING OF TOP 10 PLAYERS
    FIGURE 50.COMPETITIVE DASHBOARD
    FIGURE 51.COMPETITIVE HEATMAP OF TOP 10 KEY PLAYERS
    FIGURE 52.MIDEA GROUP CO., LTD..: NET SALES ,($MILLION)
    FIGURE 53.JOHNSON CONTROLS INTERNATIONAL PLC.: NET SALES ,($MILLION)
    FIGURE 54.DAIKIN INDUSTRIES LTD..: NET SALES ,($MILLION)
    FIGURE 55.CARRIER CORPORATION.: NET SALES ,($MILLION)
    FIGURE 56.GLEN DIMPLEX HEATING & VENTILATION (GDHV).: NET SALES ,($MILLION)
    FIGURE 57.NIBE GROUP.: NET SALES ,($MILLION)
    FIGURE 58.VIESSMANN.: NET SALES ,($MILLION)
    FIGURE 59.MITSUBISHI ELECTRIC CORPORATION.: NET SALES ,($MILLION)
    FIGURE 60.DANFOSS.: NET SALES ,($MILLION)
    FIGURE 61.STIEBEL ELTRON AG.: NET SALES ,($MILLION)

 
 

According to analysts, the global residential heat pump market possesses a substantial scope for growth in the future. Continuous increase in demand for residential heat pump installation in residential sectors, owing to growing demand for a comfortable temperature in cooler areas is expected to drive the growth of residential heat pump market. However, high cost of residential heat pump devices and its installation is a major limitation to the market growth. Growing disposable income of people and affordability for expensive machines among people in the developing regions is likely to surge the residential heat pump market share in the next few years. According to the analysts, Asia-Pacific is projected to register faster growth as compared to North American and European markets.

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FREQUENTLY ASKED QUESTIONS?

A. Residential heat pump market share growth is predicted to be driven by rapidly increasing demand for renewable energy sources and minimising the adverse effects of hazardous energy throughout the forecast time period. Furthermore, rising disposable income and people's ability to pay for pricey home utility appliances is expected to enhance residential heat pump market share growth in the future.

A. Asia-Pacific will provide more business opportunities for the global residential heat pump market in future.

A. Some of the leading residential heat pump market players are Midea Group, Johnson Controls, Daikin, Carrier Corporation, Glen Dimplex, NIBE, Stiebel Eltron, Viessmann, Mitsubishi Electric Corporation, and Danfoss.

A. Agreement, business expansion, and product launch are the key growth strategy of global residential heat pump market players.

A. Rapidly increasing demand for renewable source of energy and minimizing harmful effect of hazardous energy sources is expected to drive the residential heat pump market share growth in the forecast time period. Furthermore, growing disposable income and affordability for expensive home utility appliances among people is likely to boost the residential heat pump market share growth in future.

A. The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global residential heat pump market from 2021-2030 to determine the prevailing opportunities.

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