APO Research

APO RESEARCH · REPORT

Heat Pumps

A Heat Pump is a device that provides heat energy from a source of heat to a destination called a "heat sink". Heat pumps are designed to move thermal energy opposite to the direction of spontaneous heat flow by absorbing heat from a cold space and releasing it to a warmer one. A heat pump uses some amount of external power to accomplish the work of transferring energy from the heat source to the heat sink.

Product & engineering

Understand the product.

A Heat Pump is a device that provides heat energy from a source of heat to a destination called a "heat sink". Heat pumps are designed to move thermal energy opposite to the direction of spontaneous heat flow by absorbing heat from a cold space and releasing it to a warmer one. A heat pump uses some amount of external power to accomplish the work of transferring energy from the heat source to the heat sink.

Selected research

Market Structure

Global Heat Pumps Market by Size, by Type, by Application, by Region, History and Forecast 2021-2032

Market perspective

A Heat Pump is a device that provides heat energy from a source of heat to a destination called a "heat sink". Heat pumps are designed to move thermal energy opposite to the direction of spontaneous heat flow by absorbing heat from a cold space and releasing it to a warmer one. A heat pump uses some amount of external power to accomplish the work of transferring energy from the heat source to the heat sink.

Global Heat Pumps key players include Daikin, Mitsubishi, Atlantic, NIBE Industrier, Hitachi, etc. Global top five players hold a share about 45%.

China is the largest market, with a share about 40%, followed by Europe and Japan, having a total share about 40 percent.

Read the full market overview

In terms of product, Air to Water Monobloc is the largest segment, with a share about 75%. And in terms of application, the largest application is Residential Heat Pumps, followed by Industrial Heat Pumps, Commercial Heat Pumps.

The report provides an overview of the global Heat Pumps market in terms of capacity, output, revenue, and price, analyzing global market trends using historical revenue and sales data for 2021-2025, estimates for 2026, and projected CAGRs through 2032.

The study covers key producers of Heat Pumps and consumption patterns in major regions and countries, assesses future market potential, and highlights priority regions and countries for segmenting the market into sub-sectors, with country-specific market value data for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, the Middle East, Africa, and other countries.

The report also presents Heat Pumps sales, revenue, market share, and industry ranking for the main manufacturers for 2021-2026, identifies the major stakeholders in the global market, and analyzes their competitive landscape and market positioning based on recent developments and segmental revenues.

In addition, the report analyzes segment data by type and application—covering sales, revenue, and price—for 2021-2032, and evaluates and forecasts the Heat Pumps market size, projected growth trends, production technologies, key applications, and end-use industries.

Heat Pumps Segment by Company

Daikin

Mitsubishi

Atlantic

NIBE Industrier

Hitachi

Bosch

Panasonic

Aermec

STIEBEL ELTRON

CIAT

Fujitsu

Vaillant

Danfoss Group

Carrier

Rheem

Johnson Controls

Calorex

Kensa

Maritime Geothermal

Thermia

ClimateMaster

Bryant

Midea

GREE Electric

Sirac

Anywhere

Fuerda

Tongyi Electrical

AMITIME

Zhengxu

Heat Pumps Segment by Type

Air to Water Monobloc

Air to Water Cylinder

Ground/Water to Water

Air to Water Split

Exhaust Air

Heat Pumps Segment by Application

Residential Heat Pumps

Industrial Heat Pumps

Commercial Heat Pumps

Heat Pumps Segment by Region

North America

United States

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Spain

Netherlands

Switzerland

Sweden

Poland

Asia-Pacific

China

Japan

South Korea

India

Australia

Taiwan

Southeast Asia

South America

Brazil

Argentina

Chile

Middle East & Africa

Egypt

South Africa

Israel

Türkiye

GCC Countries

Study Objectives

1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.

2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.

3. To split the breakdown data by regions, type, manufacturers, and Application.

4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.

5. To identify significant trends, drivers, influence factors in global and regions.

6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Heat Pumps market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.

2. This report will help stakeholders to understand the global industry status and trends of Heat Pumps and provides them with information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.

4. This report stays updated with novel technology integration, features, and the latest developments in the market.

5. This report helps stakeholders to gain insights into which regions to target globally.

6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Heat Pumps.

7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Provides an overview of the Heat Pumps market, including product definition, global market growth prospects, production value, capacity, and average price forecasts (2021-2032).

Chapter 2: Analysis key trends, drivers, challenges, and opportunities within the global Heat Pumps industry.

Chapter 3: Detailed analysis of Heat Pumps market competition landscape. Including Heat Pumps manufacturers' output value, output and average price from 2021 to 2026, as well as competition analysis indicators such as origin, product type, application, merger and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.

Chapter 7: Production/Production Value of Heat Pumps by region. It provides a quantitative analysis of the market size and development potential of each region in the next six years.

Chapter 8: Consumption of Heat Pumps in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: Concluding Insights of the report.

More report detail

Tables and figures
List of Tables Table 1. Heat Pumps Industry Trends Table 2. Heat Pumps Industry Drivers Table 3. Heat Pumps Industry Opportunities and Challenges Table 4. Heat Pumps Industry Restraints Table 5. Global Heat Pumps Production Value by Manufacturers (US$ Million) & (2021-2026) Table 6. Global Heat Pumps Production Value Share by Manufacturers (2021-2026) Table 7. Global Heat Pumps Production by Manufacturers (K Units) & (2021-2026) Table 8. Global Heat Pumps Production Market Share by Manufacturers Table 9. Global Heat Pumps Average Price (USD/Unit) of Manufacturers (2021-2026) Table 10. Global Heat Pumps Industry Manufacturers Ranking, 2024 VS 2025 VS 2026 Table 11. Global Heat Pumps Key Manufacturers Manufacturing Sites & Headquarters Table 12. Global Heat Pumps Manufacturers, Product Type & Application Table 13. Global Heat Pumps Manufacturers Established Date Table 14. Global Manufacturers Market Concentration Ratio (CR5 and HHI) Table 15. Global Heat Pumps by Manufacturers Type (Tier 1, Tier 2, and Tier 3) & (based on the Production Value of 2025) Table 16. Major Manufacturers of Air to Water Monobloc Table 17. Major Manufacturers of Air to Water Cylinder Table 18. Major Manufacturers of Ground/Water to Water Table 19. Major Manufacturers of Air to Water Split Table 20. Major Manufacturers of Exhaust Air Table 21. Global Heat Pumps Production by Type 2021 VS 2025 VS 2032 (K Units) Table 22. Global Heat Pumps Production by Type (2021-2026) & (K Units) Table 23. Global Heat Pumps Production by Type (2027-2032) & (K Units) Table 24. Global Heat Pumps Production Market Share by Type (2021-2026) Table 25. Global Heat Pumps Production Market Share by Type (2027-2032) Table 26. Global Heat Pumps Production Value by Type 2021 VS 2025 VS 2032 (K Units) Table 27. Global Heat Pumps Production Value by Type (2021-2026) & (K Units) Table 28. Global Heat Pumps Production Value by Type (2027-2032) & (K Units) Table 29. Global Heat Pumps Production Value Market Share by Type (2021-2026) Table 30. Global Heat Pumps Production Value Market Share by Type (2027-2032) Table 31. Major Manufacturers of Residential Heat Pumps Table 32. Major Manufacturers of Industrial Heat Pumps Table 33. Major Manufacturers of Commercial Heat Pumps Table 34. Global Heat Pumps Production by Application 2021 VS 2025 VS 2032 (K Units) Table 35. Global Heat Pumps Production by Application (2021-2026) & (K Units) Table 36. Global Heat Pumps Production by Application (2027-2032) & (K Units) Table 37. Global Heat Pumps Production Market Share by Application (2021-2026) Table 38. Global Heat Pumps Production Market Share by Application (2027-2032) Table 39. Global Heat Pumps Production Value by Application 2021 VS 2025 VS 2032 (K Units) Table 40. Global Heat Pumps Production Value by Application (2021-2026) & (K Units) Table 41. Global Heat Pumps Production Value by Application (2027-2032) & (K Units) Table 42. Global Heat Pumps Production Value Market Share by Application (2021-2026) Table 43. Global Heat Pumps Production Value Market Share by Application (2027-2032) Table 44. Daikin Company Information Table 45. Daikin Business Overview Table 46. Daikin Heat Pumps Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 47. Daikin Heat Pumps Product Portfolio Table 48. Daikin Recent Development Table 49. Mitsubishi Company Information Table 50. Mitsubishi Business Overview Table 51. Mitsubishi Heat Pumps Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 52. Mitsubishi Heat Pumps Product Portfolio Table 53. Mitsubishi Recent Development Table 54. Atlantic Company Information Table 55. Atlantic Business Overview Table 56. Atlantic Heat Pumps Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 57. Atlantic Heat Pumps Product Portfolio Table 58. Atlantic Recent Development Table 59. NIBE Industrier Company Information Table 60. NIBE Industrier Business Overview Table 61. NIBE Industrier Heat Pumps Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 62. NIBE Industrier Heat Pumps Product Portfolio Table 63. NIBE Industrier Recent Development Table 64. Hitachi Company Information Table 65. Hitachi Business Overview Table 66. Hitachi Heat Pumps Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 67. Hitachi Heat Pumps Product Portfolio Table 68. Hitachi Recent Development Table 69. Bosch Company Information Table 70. Bosch Business Overview Table 71. Bosch Heat Pumps Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 72. Bosch Heat Pumps Product Portfolio Table 73. Bosch Recent Development Table 74. Panasonic Company Information Table 75. Panasonic Business Overview Table 76. Panasonic Heat Pumps Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 77. Panasonic Heat Pumps Product Portfolio Table 78. Panasonic Recent Development Table 79. Aermec Company Information Table 80. Aermec Business Overview Table 81. Aermec Heat Pumps Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 82. Aermec Heat Pumps Product Portfolio Table 83. Aermec Recent Development Table 84. STIEBEL ELTRON Company Information Table 85. STIEBEL ELTRON Business Overview Table 86. STIEBEL ELTRON Heat Pumps Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 87. STIEBEL ELTRON Heat Pumps Product Portfolio Table 88. STIEBEL ELTRON Recent Development Table 89. CIAT Company Information Table 90. CIAT Business Overview Table 91. CIAT Heat Pumps Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 92. CIAT Heat Pumps Product Portfolio Table 93. CIAT Recent Development Table 94. Fujitsu Company Information Table 95. Fujitsu Business Overview Table 96. Fujitsu Heat Pumps Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 97. Fujitsu Heat Pumps Product Portfolio Table 98. Fujitsu Recent Development Table 99. Vaillant Company Information Table 100. Vaillant Business Overview Table 101. Vaillant Heat Pumps Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 102. Vaillant Heat Pumps Product Portfolio Table 103. Vaillant Recent Development Table 104. Danfoss Group Company Information Table 105. Danfoss Group Business Overview Table 106. Danfoss Group Heat Pumps Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 107. Danfoss Group Heat Pumps Product Portfolio Table 108. Danfoss Group Recent Development Table 109. Carrier Company Information Table 110. Carrier Business Overview Table 111. Carrier Heat Pumps Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 112. Carrier Heat Pumps Product Portfolio Table 113. Carrier Recent Development Table 114. Rheem Company Information Table 115. Rheem Business Overview Table 116. Rheem Heat Pumps Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 117. Rheem Heat Pumps Product Portfolio Table 118. Rheem Recent Development Table 119. Johnson Controls Company Information Table 120. Johnson Controls Business Overview Table 121. Johnson Controls Heat Pumps Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 122. Johnson Controls Heat Pumps Product Portfolio Table 123. Johnson Controls Recent Development Table 124. Calorex Company Information Table 125. Calorex Business Overview Table 126. Calorex Heat Pumps Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 127. Calorex Heat Pumps Product Portfolio Table 128. Calorex Recent Development Table 129. Kensa Company Information Table 130. Kensa Business Overview Table 131. Kensa Heat Pumps Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 132. Kensa Heat Pumps Product Portfolio Table 133. Kensa Recent Development Table 134. Maritime Geothermal Company Information Table 135. Maritime Geothermal Business Overview Table 136. Maritime Geothermal Heat Pumps Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 137. Maritime Geothermal Heat Pumps Product Portfolio Table 138. Maritime Geothermal Recent Development Table 139. Thermia Company Information Table 140. Thermia Business Overview Table 141. Thermia Heat Pumps Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 142. Thermia Heat Pumps Product Portfolio Table 143. Thermia Recent Development Table 144. ClimateMaster Company Information Table 145. ClimateMaster Business Overview Table 146. ClimateMaster Heat Pumps Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 147. ClimateMaster Heat Pumps Product Portfolio Table 148. ClimateMaster Recent Development Table 149. Bryant Company Information Table 150. Bryant Business Overview Table 151. Bryant Heat Pumps Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 152. Bryant Heat Pumps Product Portfolio Table 153. Bryant Recent Development Table 154. Midea Company Information Table 155. Midea Business Overview Table 156. Midea Heat Pumps Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 157. Midea Heat Pumps Product Portfolio Table 158. Midea Recent Development Table 159. GREE Electric Company Information Table 160. GREE Electric Business Overview Table 161. GREE Electric Heat Pumps Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 162. GREE Electric Heat Pumps Product Portfolio Table 163. GREE Electric Recent Development Table 164. Sirac Company Information Table 165. Sirac Business Overview Table 166. Sirac Heat Pumps Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 167. Sirac Heat Pumps Product Portfolio Table 168. Sirac Recent Development Table 169. Anywhere Company Information Table 170. Anywhere Business Overview Table 171. Anywhere Heat Pumps Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 172. Anywhere Heat Pumps Product Portfolio Table 173. Anywhere Recent Development Table 174. Fuerda Company Information Table 175. Fuerda Business Overview Table 176. Fuerda Heat Pumps Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 177. Fuerda Heat Pumps Product Portfolio Table 178. Fuerda Recent Development Table 179. Tongyi Electrical Company Information Table 180. Tongyi Electrical Business Overview Table 181. Tongyi Electrical Heat Pumps Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 182. Tongyi Electrical Heat Pumps Product Portfolio Table 183. Tongyi Electrical Recent Development Table 184. AMITIME Company Information Table 185. AMITIME Business Overview Table 186. AMITIME Heat Pumps Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 187. AMITIME Heat Pumps Product Portfolio Table 188. AMITIME Recent Development Table 189. Zhengxu Company Information Table 190. Zhengxu Business Overview Table 191. Zhengxu Heat Pumps Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 192. Zhengxu Heat Pumps Product Portfolio Table 193. Zhengxu Recent Development Table 194. Global Heat Pumps Production by Region: 2021 VS 2025 VS 2032 (K Units) Table 195. Global Heat Pumps Production by Region (2021-2026) & (K Units) Table 196. Global Heat Pumps Production Market Share by Region (2021-2026) Table 197. Global Heat Pumps Production Forecast by Region (2027-2032) & (K Units) Table 198. Global Heat Pumps Production Market Share Forecast by Region (2027-2032) Table 199. Global Heat Pumps Production Value Comparison by Region: 2021 VS 2025 VS 2032 (US$ Million) Table 200. Global Heat Pumps Production Value by Region (2021-2026) & (US$ Million) Table 201. Global Heat Pumps Production Value Share by Region (2021-2026) Table 202. Global Heat Pumps Production Value by Region (2027-2032) & (US$ Million) Table 203. Global Heat Pumps Production Value Share by Region: (2027-2032) & (US$ Million) Table 204. Global Heat Pumps Market Average Price (USD/Unit) by Region (2021-2026) Table 205. Global Heat Pumps Market Average Price (USD/Unit) by Region (2027-2032) Table 206. Global Heat Pumps Consumption by Region: 2021 VS 2025 VS 2032 (K Units) Table 207. Global Heat Pumps Consumption by Region (2021-2026) & (K Units) Table 208. Global Heat Pumps Consumption Market Share by Region (2021-2026) Table 209. Global Heat Pumps Consumption Forecasted by Region (2027-2032) & (K Units) Table 210. Global Heat Pumps Consumption Forecasted Market Share by Region (2027-2032) Table 211. North America Heat Pumps Consumption Growth Rate by Country: 2021 VS 2025 VS 2032 (K Units) Table 212. North America Heat Pumps Consumption by Country (2021-2026) & (K Units) Table 213. North America Heat Pumps Consumption by Country (2027-2032) & (K Units) Table 214. Europe Heat Pumps Consumption Growth Rate by Country: 2021 VS 2025 VS 2032 (K Units) Table 215. Europe Heat Pumps Consumption by Country (2021-2026) & (K Units) Table 216. Europe Heat Pumps Consumption by Country (2027-2032) & (K Units) Table 217. Asia Pacific Heat Pumps Consumption Growth Rate by Country: 2021 VS 2025 VS 2032 (K Units) Table 218. Asia Pacific Heat Pumps Consumption by Country (2021-2026) & (K Units) Table 219. Asia Pacific Heat Pumps Consumption by Country (2027-2032) & (K Units) Table 220. South America Heat Pumps Consumption Growth Rate by Country: 2021 VS 2025 VS 2032 (K Units) Table 221. South America Heat Pumps Consumption by Country (2021-2026) & (K Units) Table 222. South America Heat Pumps Consumption by Country (2027-2032) & (K Units) Table 223. Middle East & Africa Heat Pumps Consumption Growth Rate by Country: 2021 VS 2025 VS 2032 (K Units) Table 224. Middle East & Africa Heat Pumps Consumption by Country (2021-2026) & (K Units) Table 225. Middle East & Africa Heat Pumps Consumption by Country (2027-2032) & (K Units) Table 226. Key Raw Materials Table 227. Raw Materials Key Suppliers Table 228. Heat Pumps Distributors List Table 229. Heat Pumps Customers List Table 230. Research Programs/Design for This Report Table 231. Authors List of This Report Table 232. Secondary Sources Table 233. Primary Sources List of Figures Figure 1. Heat Pumps Product Image Figure 2. Global Heat Pumps Production Value (US$ Million), 2021 VS 2025 VS 2032 Figure 3. Global Heat Pumps Production Value (2021-2032) & (US$ Million) Figure 4. Global Heat Pumps Production Capacity (2021-2032) & (K Units) Figure 5. Global Heat Pumps Production (2021-2032) & (K Units) Figure 6. Global Heat Pumps Average Price (USD/Unit) & (2021-2032) Figure 7. Global Top 5 and 10 Heat Pumps Players Market Share by Production Value in 2025 Figure 8. Manufacturers Type (Tier 1, Tier 2, and Tier 3): 2021 VS 2025 Figure 9. Air to Water Monobloc Image Figure 10. Air to Water Cylinder Image Figure 11. Ground/Water to Water Image Figure 12. Air to Water Split Image Figure 13. Exhaust Air Image Figure 14. Global Heat Pumps Production by Type (2021 VS 2025 VS 2032) & (K Units) Figure 15. Global Heat Pumps Production Market Share 2021 VS 2025 VS 2032 Figure 16. Global Heat Pumps Production Market Share by Type (2021-2032) Figure 17. Global Heat Pumps Production Value by Type (2021 VS 2025 VS 2032) & (K Units) Figure 18. Global Heat Pumps Production Value Share 2021 VS 2025 VS 2032 Figure 19. Global Heat Pumps Production Value Share by Type (2021-2032) Figure 20. Residential Heat Pumps Image Figure 21. Industrial Heat Pumps Image Figure 22. Commercial Heat Pumps Image Figure 23. Global Heat Pumps Production by Application (2021 VS 2025 VS 2032) & (K Units) Figure 24. Global Heat Pumps Production Market Share 2021 VS 2025 VS 2032 Figure 25. Global Heat Pumps Production Market Share by Application (2021-2032) Figure 26. Global Heat Pumps Production Value by Application (2021 VS 2025 VS 2032) & (K Units) Figure 27. Global Heat Pumps Production Value Share 2021 VS 2025 VS 2032 Figure 28. Global Heat Pumps Production Value Share by Application (2021-2032) Figure 29. Global Heat Pumps Production by Region: 2021 VS 2025 VS 2032 (K Units) Figure 30. Global Heat Pumps Production Market Share by Region: 2021 VS 2025 VS 2032 Figure 31. Global Heat Pumps Production Value Comparison by Region: 2021 VS 2025 VS 2032 (US$ Million) Figure 32. Global Heat Pumps Production Value Share by Region: 2021 VS 2025 VS 2032 Figure 33. North America Heat Pumps Production Value (2021-2032) & (US$ Million) Figure 34. Europe Heat Pumps Production Value (2021-2032) & (US$ Million) Figure 35. Asia-Pacific Heat Pumps Production Value (2021-2032) & (US$ Million) Figure 36. South America Heat Pumps Production Value (2021-2032) & (US$ Million) Figure 37. Middle East & Africa Heat Pumps Production Value (2021-2032) & (US$ Million) Figure 38. North America Heat Pumps Consumption and Growth Rate (2021-2032) & (K Units) Figure 39. North America Heat Pumps Consumption Market Share by Country (2021-2032) Figure 40. U.S. Heat Pumps Consumption and Growth Rate (2021-2032) & (K Units) Figure 41. Canada Heat Pumps Consumption and Growth Rate (2021-2032) & (K Units) Figure 42. Mexico Heat Pumps Consumption and Growth Rate (2021-2032) & (K Units) Figure 43. Europe Heat Pumps Consumption and Growth Rate (2021-2032) & (K Units) Figure 44. Europe Heat Pumps Consumption Market Share by Country (2021-2032) Figure 45. Germany Heat Pumps Consumption and Growth Rate (2021-2032) & (K Units) Figure 46. France Heat Pumps Consumption and Growth Rate (2021-2032) & (K Units) Figure 47. U.K. Heat Pumps Consumption and Growth Rate (2021-2032) & (K Units) Figure 48. Italy Heat Pumps Consumption and Growth Rate (2021-2032) & (K Units) Figure 49. Netherlands Heat Pumps Consumption and Growth Rate (2021-2032) & (K Units) Figure 50. Asia Pacific Heat Pumps Consumption and Growth Rate (2021-2032) & (K Units) Figure 51. Asia Pacific Heat Pumps Consumption Market Share by Country (2021-2032) Figure 52. China Heat Pumps Consumption and Growth Rate (2021-2032) & (K Units) Figure 53. Japan Heat Pumps Consumption and Growth Rate (2021-2032) & (K Units) Figure 54. South Korea Heat Pumps Consumption and Growth Rate (2021-2032) & (K Units) Figure 55. Southeast Asia Heat Pumps Consumption and Growth Rate (2021-2032) & (K Units) Figure 56. India Heat Pumps Consumption and Growth Rate (2021-2032) & (K Units) Figure 57. Australia Heat Pumps Consumption and Growth Rate (2021-2032) & (K Units) Figure 58. South America Heat Pumps Consumption and Growth Rate (2021-2032) & (K Units) Figure 59. South America Heat Pumps Consumption Market Share by Country (2021-2032) Figure 60. Brazil Heat Pumps Consumption and Growth Rate (2021-2032) & (K Units) Figure 61. Argentina Heat Pumps Consumption and Growth Rate (2021-2032) & (K Units) Figure 62. Chile Heat Pumps Consumption and Growth Rate (2021-2032) & (K Units) Figure 63. Middle East & Africa Heat Pumps Consumption and Growth Rate (2021-2032) & (K Units) Figure 64. Middle East & Africa Heat Pumps Consumption Market Share by Country (2021-2032) Figure 65. Egypt Heat Pumps Consumption and Growth Rate (2021-2032) & (K Units) Figure 66. South Africa Heat Pumps Consumption and Growth Rate (2021-2032) & (K Units) Figure 67. Israel Heat Pumps Consumption and Growth Rate (2021-2032) & (K Units) Figure 68. Türkiye Heat Pumps Consumption and Growth Rate (2021-2032) & (K Units) Figure 69. GCC Countries Heat Pumps Consumption and Growth Rate (2021-2032) & (K Units) Figure 70. Heat Pumps Value Chain Figure 71. Manufacturing Cost Structure Figure 72. Heat Pumps Production Mode & Process Figure 73. Direct Comparison with Distribution Share Figure 74. Distributors Profiles Figure 75. Years Considered Figure 76. Research Process Figure 77. Key Executives Interviewed

Scope & coverage.

Types
  • Air to Water Monobloc
  • Air to Water Cylinder
  • Ground/Water to Water
  • Air to Water Split
  • Exhaust Air
Applications
  • Residential Heat Pumps
  • Industrial Heat Pumps
  • Commercial Heat Pumps
Companies covered
  • Daikin
  • Mitsubishi
  • Atlantic
  • NIBE Industrier
  • Hitachi
  • Bosch
  • Panasonic
  • Aermec
  • STIEBEL ELTRON
  • CIAT
  • Fujitsu
  • Vaillant
  • Danfoss Group
  • Carrier
  • Rheem
  • Johnson Controls
  • Calorex
  • Kensa
  • Maritime Geothermal
  • Thermia
  • ClimateMaster
  • Bryant
  • Midea
  • GREE Electric
  • Sirac
  • Anywhere
  • Fuerda
  • Tongyi Electrical
  • AMITIME
  • Zhengxu

Inside the report.

1 Market Overview
  1. 1.1 Product Definition
  2. 1.2 Global Market Growth Prospects
  3. 1.2.1 Global Heat Pumps Production Value Estimates and Forecasts (2021-2032)
  4. 1.2.2 Global Heat Pumps Production Capacity Estimates and Forecasts (2021-2032)
  5. 1.2.3 Global Heat Pumps Production Estimates and Forecasts (2021-2032)
  6. 1.2.4 Global Heat Pumps Market Average Price (2021-2032)
  7. 1.3 Assumptions and Limitations
  8. 1.4 Study Goals and Objectives
2 Global Heat Pumps Market Dynamics
  1. 2.1 Heat Pumps Industry Trends
  2. 2.2 Heat Pumps Industry Drivers
  3. 2.3 Heat Pumps Industry Opportunities and Challenges
  4. 2.4 Heat Pumps Industry Restraints
3 Heat Pumps Market by Manufacturers
  1. 3.1 Global Heat Pumps Production Value by Manufacturers (2021-2026)
  2. 3.2 Global Heat Pumps Production by Manufacturers (2021-2026)
  3. 3.3 Global Heat Pumps Average Price by Manufacturers (2021-2026)
  4. 3.4 Global Heat Pumps Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
  5. 3.5 Global Heat Pumps Key Manufacturers Manufacturing Sites & Headquarters
  6. 3.6 Global Heat Pumps Manufacturers, Product Type & Application
  7. 3.7 Global Heat Pumps Manufacturers Established Date
  8. 3.8 Market Competitive Analysis
  9. 3.8.1 Global Heat Pumps Market CR5 and HHI
  10. 3.8.2 Global Top 5 and 10 Heat Pumps Players Market Share by Production Value in 2025
  11. 3.8.3 2025 Heat Pumps Tier 1, Tier 2, and Tier 3
4 Heat Pumps Market by Type
  1. 4.1 Heat Pumps Type Introduction
  2. 4.1.1 Air to Water Monobloc
  3. 4.1.2 Air to Water Cylinder
  4. 4.1.3 Ground/Water to Water
  5. 4.1.4 Air to Water Split
  6. 4.1.5 Exhaust Air
  7. 4.2 Global Heat Pumps Production by Type
  8. 4.2.1 Global Heat Pumps Production by Type (2021 VS 2025 VS 2032)
  9. 4.2.2 Global Heat Pumps Production by Type (2021-2032)
  10. 4.2.3 Global Heat Pumps Production Market Share by Type (2021-2032)
  11. 4.3 Global Heat Pumps Production Value by Type
  12. 4.3.1 Global Heat Pumps Production Value by Type (2021 VS 2025 VS 2032)
  13. 4.3.2 Global Heat Pumps Production Value by Type (2021-2032)
  14. 4.3.3 Global Heat Pumps Production Value Market Share by Type (2021-2032)
5 Heat Pumps Market by Application
  1. 5.1 Heat Pumps Application Introduction
  2. 5.1.1 Residential Heat Pumps
  3. 5.1.2 Industrial Heat Pumps
  4. 5.1.3 Commercial Heat Pumps
  5. 5.2 Global Heat Pumps Production by Application
  6. 5.2.1 Global Heat Pumps Production by Application (2021 VS 2025 VS 2032)
  7. 5.2.2 Global Heat Pumps Production by Application (2021-2032)
  8. 5.2.3 Global Heat Pumps Production Market Share by Application (2021-2032)
  9. 5.3 Global Heat Pumps Production Value by Application
  10. 5.3.1 Global Heat Pumps Production Value by Application (2021 VS 2025 VS 2032)
  11. 5.3.2 Global Heat Pumps Production Value by Application (2021-2032)
  12. 5.3.3 Global Heat Pumps Production Value Market Share by Application (2021-2032)
6 Company Profiles
  1. 6.1 Daikin
  2. 6.1.1 Daikin Company Information
  3. 6.1.2 Daikin Business Overview
  4. 6.1.3 Daikin Heat Pumps Production, Value and Gross Margin (2021-2026)
  5. 6.1.4 Daikin Heat Pumps Product Portfolio
  6. 6.1.5 Daikin Recent Developments
  7. 6.2 Mitsubishi
  8. 6.2.1 Mitsubishi Company Information
  9. 6.2.2 Mitsubishi Business Overview
  10. 6.2.3 Mitsubishi Heat Pumps Production, Value and Gross Margin (2021-2026)
  11. 6.2.4 Mitsubishi Heat Pumps Product Portfolio
  12. 6.2.5 Mitsubishi Recent Developments
  13. 6.3 Atlantic
  14. 6.3.1 Atlantic Company Information
  15. 6.3.2 Atlantic Business Overview
  16. 6.3.3 Atlantic Heat Pumps Production, Value and Gross Margin (2021-2026)
  17. 6.3.4 Atlantic Heat Pumps Product Portfolio
  18. 6.3.5 Atlantic Recent Developments
  19. 6.4 NIBE Industrier
  20. 6.4.1 NIBE Industrier Company Information
  21. 6.4.2 NIBE Industrier Business Overview
  22. 6.4.3 NIBE Industrier Heat Pumps Production, Value and Gross Margin (2021-2026)
  23. 6.4.4 NIBE Industrier Heat Pumps Product Portfolio
  24. 6.4.5 NIBE Industrier Recent Developments
  25. 6.5 Hitachi
  26. 6.5.1 Hitachi Company Information
  27. 6.5.2 Hitachi Business Overview
  28. 6.5.3 Hitachi Heat Pumps Production, Value and Gross Margin (2021-2026)
  29. 6.5.4 Hitachi Heat Pumps Product Portfolio
  30. 6.5.5 Hitachi Recent Developments
  31. 6.6 Bosch
  32. 6.6.1 Bosch Company Information
  33. 6.6.2 Bosch Business Overview
  34. 6.6.3 Bosch Heat Pumps Production, Value and Gross Margin (2021-2026)
  35. 6.6.4 Bosch Heat Pumps Product Portfolio
  36. 6.6.5 Bosch Recent Developments
  37. 6.7 Panasonic
  38. 6.7.1 Panasonic Company Information
  39. 6.7.2 Panasonic Business Overview
  40. 6.7.3 Panasonic Heat Pumps Production, Value and Gross Margin (2021-2026)
  41. 6.7.4 Panasonic Heat Pumps Product Portfolio
  42. 6.7.5 Panasonic Recent Developments
  43. 6.8 Aermec
  44. 6.8.1 Aermec Company Information
  45. 6.8.2 Aermec Business Overview
  46. 6.8.3 Aermec Heat Pumps Production, Value and Gross Margin (2021-2026)
  47. 6.8.4 Aermec Heat Pumps Product Portfolio
  48. 6.8.5 Aermec Recent Developments
  49. 6.9 STIEBEL ELTRON
  50. 6.9.1 STIEBEL ELTRON Company Information
  51. 6.9.2 STIEBEL ELTRON Business Overview
  52. 6.9.3 STIEBEL ELTRON Heat Pumps Production, Value and Gross Margin (2021-2026)
  53. 6.9.4 STIEBEL ELTRON Heat Pumps Product Portfolio
  54. 6.9.5 STIEBEL ELTRON Recent Developments
  55. 6.10 CIAT
  56. 6.10.1 CIAT Company Information
  57. 6.10.2 CIAT Business Overview
  58. 6.10.3 CIAT Heat Pumps Production, Value and Gross Margin (2021-2026)
  59. 6.10.4 CIAT Heat Pumps Product Portfolio
  60. 6.10.5 CIAT Recent Developments
  61. 6.11 Fujitsu
  62. 6.11.1 Fujitsu Company Information
  63. 6.11.2 Fujitsu Business Overview
  64. 6.11.3 Fujitsu Heat Pumps Production, Value and Gross Margin (2021-2026)
  65. 6.11.4 Fujitsu Heat Pumps Product Portfolio
  66. 6.11.5 Fujitsu Recent Developments
  67. 6.12 Vaillant
  68. 6.12.1 Vaillant Company Information
  69. 6.12.2 Vaillant Business Overview
  70. 6.12.3 Vaillant Heat Pumps Production, Value and Gross Margin (2021-2026)
  71. 6.12.4 Vaillant Heat Pumps Product Portfolio
  72. 6.12.5 Vaillant Recent Developments
  73. 6.13 Danfoss Group
  74. 6.13.1 Danfoss Group Company Information
  75. 6.13.2 Danfoss Group Business Overview
  76. 6.13.3 Danfoss Group Heat Pumps Production, Value and Gross Margin (2021-2026)
  77. 6.13.4 Danfoss Group Heat Pumps Product Portfolio
  78. 6.13.5 Danfoss Group Recent Developments
  79. 6.14 Carrier
  80. 6.14.1 Carrier Company Information
  81. 6.14.2 Carrier Business Overview
  82. 6.14.3 Carrier Heat Pumps Production, Value and Gross Margin (2021-2026)
  83. 6.14.4 Carrier Heat Pumps Product Portfolio
  84. 6.14.5 Carrier Recent Developments
  85. 6.15 Rheem
  86. 6.15.1 Rheem Company Information
  87. 6.15.2 Rheem Business Overview
  88. 6.15.3 Rheem Heat Pumps Production, Value and Gross Margin (2021-2026)
  89. 6.15.4 Rheem Heat Pumps Product Portfolio
  90. 6.15.5 Rheem Recent Developments
  91. 6.16 Johnson Controls
  92. 6.16.1 Johnson Controls Company Information
  93. 6.16.2 Johnson Controls Business Overview
  94. 6.16.3 Johnson Controls Heat Pumps Production, Value and Gross Margin (2021-2026)
  95. 6.16.4 Johnson Controls Heat Pumps Product Portfolio
  96. 6.16.5 Johnson Controls Recent Developments
  97. 6.17 Calorex
  98. 6.17.1 Calorex Company Information
  99. 6.17.2 Calorex Business Overview
  100. 6.17.3 Calorex Heat Pumps Production, Value and Gross Margin (2021-2026)
  101. 6.17.4 Calorex Heat Pumps Product Portfolio
  102. 6.17.5 Calorex Recent Developments
  103. 6.18 Kensa
  104. 6.18.1 Kensa Company Information
  105. 6.18.2 Kensa Business Overview
  106. 6.18.3 Kensa Heat Pumps Production, Value and Gross Margin (2021-2026)
  107. 6.18.4 Kensa Heat Pumps Product Portfolio
  108. 6.18.5 Kensa Recent Developments
  109. 6.19 Maritime Geothermal
  110. 6.19.1 Maritime Geothermal Company Information
  111. 6.19.2 Maritime Geothermal Business Overview
  112. 6.19.3 Maritime Geothermal Heat Pumps Production, Value and Gross Margin (2021-2026)
  113. 6.19.4 Maritime Geothermal Heat Pumps Product Portfolio
  114. 6.19.5 Maritime Geothermal Recent Developments
  115. 6.20 Thermia
  116. 6.20.1 Thermia Company Information
  117. 6.20.2 Thermia Business Overview
  118. 6.20.3 Thermia Heat Pumps Production, Value and Gross Margin (2021-2026)
  119. 6.20.4 Thermia Heat Pumps Product Portfolio
  120. 6.20.5 Thermia Recent Developments
  121. 6.21 ClimateMaster
  122. 6.21.1 ClimateMaster Company Information
  123. 6.21.2 ClimateMaster Business Overview
  124. 6.21.3 ClimateMaster Heat Pumps Production, Value and Gross Margin (2021-2026)
  125. 6.21.4 ClimateMaster Heat Pumps Product Portfolio
  126. 6.21.5 ClimateMaster Recent Developments
  127. 6.22 Bryant
  128. 6.22.1 Bryant Company Information
  129. 6.22.2 Bryant Business Overview
  130. 6.22.3 Bryant Heat Pumps Production, Value and Gross Margin (2021-2026)
  131. 6.22.4 Bryant Heat Pumps Product Portfolio
  132. 6.22.5 Bryant Recent Developments
  133. 6.23 Midea
  134. 6.23.1 Midea Company Information
  135. 6.23.2 Midea Business Overview
  136. 6.23.3 Midea Heat Pumps Production, Value and Gross Margin (2021-2026)
  137. 6.23.4 Midea Heat Pumps Product Portfolio
  138. 6.23.5 Midea Recent Developments
  139. 6.24 GREE Electric
  140. 6.24.1 GREE Electric Company Information
  141. 6.24.2 GREE Electric Business Overview
  142. 6.24.3 GREE Electric Heat Pumps Production, Value and Gross Margin (2021-2026)
  143. 6.24.4 GREE Electric Heat Pumps Product Portfolio
  144. 6.24.5 GREE Electric Recent Developments
  145. 6.25 Sirac
  146. 6.25.1 Sirac Company Information
  147. 6.25.2 Sirac Business Overview
  148. 6.25.3 Sirac Heat Pumps Production, Value and Gross Margin (2021-2026)
  149. 6.25.4 Sirac Heat Pumps Product Portfolio
  150. 6.25.5 Sirac Recent Developments
  151. 6.26 Anywhere
  152. 6.26.1 Anywhere Company Information
  153. 6.26.2 Anywhere Business Overview
  154. 6.26.3 Anywhere Heat Pumps Production, Value and Gross Margin (2021-2026)
  155. 6.26.4 Anywhere Heat Pumps Product Portfolio
  156. 6.26.5 Anywhere Recent Developments
  157. 6.27 Fuerda
  158. 6.27.1 Fuerda Company Information
  159. 6.27.2 Fuerda Business Overview
  160. 6.27.3 Fuerda Heat Pumps Production, Value and Gross Margin (2021-2026)
  161. 6.27.4 Fuerda Heat Pumps Product Portfolio
  162. 6.27.5 Fuerda Recent Developments
  163. 6.28 Tongyi Electrical
  164. 6.28.1 Tongyi Electrical Company Information
  165. 6.28.2 Tongyi Electrical Business Overview
  166. 6.28.3 Tongyi Electrical Heat Pumps Production, Value and Gross Margin (2021-2026)
  167. 6.28.4 Tongyi Electrical Heat Pumps Product Portfolio
  168. 6.28.5 Tongyi Electrical Recent Developments
  169. 6.29 AMITIME
  170. 6.29.1 AMITIME Company Information
  171. 6.29.2 AMITIME Business Overview
  172. 6.29.3 AMITIME Heat Pumps Production, Value and Gross Margin (2021-2026)
  173. 6.29.4 AMITIME Heat Pumps Product Portfolio
  174. 6.29.5 AMITIME Recent Developments
  175. 6.30 Zhengxu
  176. 6.30.1 Zhengxu Company Information
  177. 6.30.2 Zhengxu Business Overview
  178. 6.30.3 Zhengxu Heat Pumps Production, Value and Gross Margin (2021-2026)
  179. 6.30.4 Zhengxu Heat Pumps Product Portfolio
  180. 6.30.5 Zhengxu Recent Developments
7 Global Heat Pumps Production by Region
  1. 7.1 Global Heat Pumps Production by Region: 2021 VS 2025 VS 2032
  2. 7.2 Global Heat Pumps Production by Region (2021-2032)
  3. 7.2.1 Global Heat Pumps Production by Region (2021-2026)
  4. 7.2.2 Global Heat Pumps Production Forecast by Region (2027-2032)
  5. 7.3 Global Heat Pumps Production by Region: 2021 VS 2025 VS 2032
  6. 7.4 Global Heat Pumps Production Value by Region (2021-2032)
  7. 7.4.1 Global Heat Pumps Production Value by Region (2021-2026)
  8. 7.4.2 Global Heat Pumps Production Value by Region (2027-2032)
  9. 7.5 Global Heat Pumps Market Price Analysis by Region (2021-2032)
  10. 7.6 Regional Production Value Trends (2021-2032)
  11. 7.6.1 North America Heat Pumps Production Value (2021-2032)
  12. 7.6.2 Europe Heat Pumps Production Value (2021-2032)
  13. 7.6.3 Asia-Pacific Heat Pumps Production Value (2021-2032)
  14. 7.6.4 South America Heat Pumps Production Value (2021-2032)
  15. 7.6.5 Middle East & Africa Heat Pumps Production Value (2021-2032)
8 Global Heat Pumps Consumption by Region
  1. 8.1 Global Heat Pumps Consumption by Region: 2021 VS 2025 VS 2032
  2. 8.2 Global Heat Pumps Consumption by Region (2021-2032)
  3. 8.2.1 Global Heat Pumps Consumption by Region (2021-2026)
  4. 8.2.2 Global Heat Pumps Consumption by Region (2027-2032)
  5. 8.3 North America
  6. 8.3.1 North America Heat Pumps Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
  7. 8.3.2 North America Heat Pumps Consumption by Country (2021-2032)
  8. 8.3.3 U.S.
  9. 8.3.4 Canada
  10. 8.3.5 Mexico
  11. 8.4 Europe
  12. 8.4.1 Europe Heat Pumps Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
  13. 8.4.2 Europe Heat Pumps Consumption by Country (2021-2032)
  14. 8.4.3 Germany
  15. 8.4.4 France
  16. 8.4.5 U.K.
  17. 8.4.6 Italy
  18. 8.4.7 Netherlands
  19. 8.5 Asia Pacific
  20. 8.5.1 Asia Pacific Heat Pumps Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
  21. 8.5.2 Asia Pacific Heat Pumps Consumption by Country (2021-2032)
  22. 8.5.3 China
  23. 8.5.4 Japan
  24. 8.5.5 South Korea
  25. 8.5.6 Southeast Asia
  26. 8.5.7 India
  27. 8.5.8 Australia
  28. 8.6 South America
  29. 8.6.1 South America Heat Pumps Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
  30. 8.6.2 South America Heat Pumps Consumption by Country (2021-2032)
  31. 8.6.3 Brazil
  32. 8.6.4 Argentina
  33. 8.6.5 Chile
  34. 8.6.6 Colombia
  35. 8.7 Middle East & Africa
  36. 8.7.1 Middle East & Africa Heat Pumps Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
  37. 8.7.2 Middle East & Africa Heat Pumps Consumption by Country (2021-2032)
  38. 8.7.3 Egypt
  39. 8.7.4 South Africa
  40. 8.7.5 Israel
  41. 8.7.6 Türkiye
  42. 8.7.7 GCC Countries
9 Value Chain and Sales Channels Analysis
  1. 9.1 Heat Pumps Value Chain Analysis
  2. 9.1.1 Heat Pumps Key Raw Materials
  3. 9.1.2 Raw Materials Key Suppliers
  4. 9.1.3 Manufacturing Cost Structure
  5. 9.1.4 Heat Pumps Production Mode & Process
  6. 9.2 Heat Pumps Sales Channels Analysis
  7. 9.2.1 Direct Comparison with Distribution Share
  8. 9.2.2 Heat Pumps Distributors
  9. 9.2.3 Heat Pumps Customers
10 Concluding Insights
    11 Appendix
    1. 11.1 Reasons for Doing This Study
    2. 11.2 Research Methodology
    3. 11.3 Research Process
    4. 11.4 Authors List of This Report
    5. 11.5 Data Source
    6. 11.5.1 Secondary Sources
    7. 11.5.2 Primary Sources
    8. 11.6 Disclaimer

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