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Heat Pump Market Share

  • Report ID: GMI1426
  • Published Date: May 2023
  • Report Format: PDF
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Heat Pump Market Share

Various small- and large-scale manufacturers are operating in the market for heat pump at the regional and global levels. The continuous introduction of new strategic initiatives including product launch, expansion of manufacturing facilities, and mergers & acquisitions by key industry players will play a key role in shaping the industry dynamics by 2032.
 

Major heat pump market companies operating in the industry consist of

  • Carrier
  • Vaillant Group
  • STIEBEL ELTRON GmbH & Co. KG
  • Danfoss
  • Viessmann
  • Bosch Thermotechnology Corp.
  • Trane
  • Panasonic Corporation
  • WOLF GmbH
  • Bard HVAC
  • Glen Dimplex Group
  • DAIKIN INDUSTRIES Ltd.
  • SAMSUNG
  • Kensa Heat Pumps
  • Johnson Controls
  • NIBE Industrier AB
  • Mitsubishi Electric Corporation
  • OCHSNER
  • Finn Geotherm UK Limited 
  • Lochinvar
Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size of heat pump surpassed USD 57.9 billion in 2023 and is anticipated to observe 12.9% CAGR from 2024 to 2032, says this GMI report.

The heat pump market size is estimated to surpass USD 165 billion by 2032 impelled by surging need for cost-effective heating & cooling operations with minimal environmental footprint.

Residential heat pump business size exceeded USD 35 billion in 2022 and is predicted to expand through 2032 due to the growing space & water heating demand across domestic applications.

Asia Pacific heat pump industry reached more than USD 23 billion in 2022 and will grow substantially during 2023-2032 on account of the rapid rate of urbanization and rising disposable incomes.

Carrier, Vaillant Group, STIEBEL ELTRON GmbH & Co. KG, Danfoss, Viessmann, Bosch Thermotechnology Corp., Trane, Panasonic Corporation, WOLF GmbH, Bard HVAC, and Glen Dimplex Group are the major heat pump manufacturers and suppliers.

Heat Pump Market Scope

  • Heat Pump Market Size
  • Heat Pump Market Analysis
  • Heat Pump Market Share

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    Premium Report Details

    • Base Year: 2023
    • Companies covered: 20
    • Tables & Figures: 973
    • Countries covered: 24
    • Pages: 620
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