Global Heat Pump Market By Technology (Air Source, Water Source and Ground Source) By Application (Residential, Industrial and Commercial)

The Global Heat Pump Market size is expected to reach $102.5 billion by 2025, rising at a market growth of 8.6% CAGR during the forecast period. A rapid increase in the requirements for water and space heating in the countries of Europe, North America, and Asia-Pacific are expected to fuel demand for products in these regions. Energy-efficient heating systems are expected to receive popularity in the years ahead. Beneficial government projects are anticipated to provide the necessary support for the growth of the market. Further, the demand for heat pumps is predicted to see tremendous growth each year.

Global Heat Pump Market Size

Heat pumps move heat from one stage to the other in the important parts of the cooling and heating processes. These parts use the air available outside and inside a given space to perform these functions. Heat pumps absorb the outside heat when it becomes warm outside and serve as an air conditioner, reducing the heat from the buildings, and vice versa. Decline of primary energy demand and CO2 emission systems is the driving force of the heat pumps market. Extensive investments in the construction and residential sectors could provide significant growth opportunities for heat pump suppliers.

Global Heat Pump Market Share

Based on Technology, the market is segmented into Air Source, Water Source and Ground Source. Most popular type of heat pump is the air-source heat pump that transfers energy between the house and outside air. The latest heat pumps are designed to minimize the use of electricity for heating by nearly 50 percent. This is contradictory as compared to electric resistance heaters like furnaces and baseboard heaters. High-efficiency heat pumps dehumidify better than conventional central air conditioners. This leads to less use of energy and more comfort for cooling in summers. Based on Application, the market is segmented into Residential, Industrial and Commercial.

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. Asia Pacific evolved as the leading regional market and accounted for a major overall market share in 2018. Industrial production processes, like papermaking, chemical industry, textiles, iron & steel, pharmaceuticals, and others, require heat as the primary energy input. This is expected to drive the heat pump demand over the projected period. Developing residential and commercial construction activities are projected to have a positive impact on market growth in Asia Pacific's developing countries. Regional markets sustain their growth rate as major manufacturing destinations, like China and India, with leading players transferring their production facilities to these countries.

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Heat Pump Market Cardinal Matrix

The major strategies followed by the market participants are Product launches and Partnerships & Collaborations. Based on the Analysis presented in the Cardinal matrix, United Technologies Corporation (Carrier Corporation), Robert Bosch GmbH (Bosch Thermotechnology Corporation), Panasonic Corporation, and Mitsubishi Electric Corporation are some of the forerunners in the Heat Pump Market. The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include United Technologies Corporation (Carrier Corporation), Daikin Industries Ltd., NIBE Industrier AB, Viessmann Group, Ingersoll-Rand PLC, Stiebel Eltron GmbH & Co. KG, Robert Bosch GmbH (Bosch Thermotechnology Corporation), Panasonic Corporation, Mitsubishi Electric Corporation and The Glen Dimplex Group.

Recent Strategies Deployed in Heat Pump Market

» Collaborations, Partnerships and Agreements:

• Apr-2019: Viessmann signed partnership agreement with KE KELIT in which KE KELIT will distribute the products of Viessmann; these products comprises of condensing gas and diesel boilers, controllers, and hot water heat pumps.
• Feb-2019: Panasonic collaborated with Systemair in order to develop integrated and sustainable solutions related to heating, cooling and ventilation for use in commercial and residential sectors.
• Aug-2018: Daikin came into partnership with DADANCO in order to complement its Air Handling Unit and Chiller portfolio.
• Jan-2018: Ingersoll-Rand signed an agreement with Mitsubishi Electric for establishing a joint venture for marketing, sales and distribution of ductless and VRF heating and air conditioning systems.
• Sep-2017: Stiebel signed partnership agreement with Denso in order to develop next-generation heating and cooling technology products jointly.

» Acquisition and Mergers:

• Feb-2019: Ingersoll-Rand took over Precision Flow Systems in order to strengthen its heating and cooling portfolio.
• Nov-2018: Daikin acquired Austrian cooling specialist AHT Group in order to expand its commercial refrigeration business.
• May-2018: Stiebel Eltron took over Thermia, a heat pump brand from Danfoss in order to expand its business in heating and cooling technologies.
• Mar-2018: NIBE announced the acquisition of Alfa Laval’s business for district heating/cooling systems and hot water systems for the commercial use and also enhance the climate solutions of NIBE.
• Jan-2018: Ingersoll-Rand acquired ICS Cool Energy in order to strengthening its cooling and heating business, Trane, to European market.
• Dec-2017: Daikin took over Zanotti in order to expand its market share in air conditioning and refrigeration.
• Dec-2017: Glen Dimplex acquired Real Flame in order to expand its business in heating and fireplace market.
• Sep-2017: Panasonic took over UNION RHAC TECNOLOGIA (UR), a Brazilian air conditioning engineering company in order to enhance its business capabilities in HVAC solutions.
• Jun-2017: Bosch announced the acquisition of MTA SpA for becoming the complete supplier of air conditioning and heating solutions.

» Product Launches:

• Aug-2019: Bosch Thermotechnology, a unit of Robert Bosch launched Inverter Ducted Package (IDP) air-source heat pump system for streamlined residential or light commercial use.
• Aug-2019: Mitsubishi Electric launched GWP refrigerant R32, an air-cooled heat pump chiller in Japan which has the cooling capacity of 180kW.
• Jul-2019: Carrier, a UTC company launched AquaSnap® 61WG monobloc water-to-water heat pump which has the heating capacity of 29kW to 235kW at the water conditions of 30/35 degrees Celsius and 26kW to 200kW at water conditions of 55/65 degrees Celsius for use in commercial applications.
• May-2019: Bosch Thermotechnology, a unit of Robert Bosch introduced Inverter Ducted Packaged Unit, Inverter Ducted Split 2.0, and Minisplit 2.0, three new products for broadening its air-conditioning portfolio which delivers superior efficiency.
• Apr-2019: Stiebel Eltron announced the launch of GWP refrigerant R454C heat pump which has high flow temperatures and delivers better performance.
• Mar-2019: Panasonic introduced GWP R32 refrigerant, Aquarea J Generation of air-to-water heat pump; it has the highest energy class and low temperature operations.
• Mar-2019: Glen Dimplex launched Zeroth Energy System which replaces the conventional high temperature systems.
• Feb-2019: Viessmann introduced the Vitocal 200-A and Vitocal 222-A, two new air source heat pumps in order to boast innovative noise-reduction technology and delivering high energy efficiency.
• Feb-2019: Ingersoll-Rand launched Oxbox™, a new line of affordable, durable residential heating, ventilation and air conditioning (HVAC) equipment. The portfolio of Oxbox comprises of heat pumps, packaged units and furnaces, air conditioning units, air handlers, and coils.
• Jan-2019: Daikin introduced its first R-32 hydronic hybrid heat pump in order to deliver environmentally friendly solution for energy saving homeowners.
• Dec-2018: Trane, a Ingersoll-Rand company released Genyue5+, fifth generation full DC inverter VRF system which delivers greater efficiency and low energy consumption for commercial applications, educational institutions, retail industries, hospitality sector, and healthcare sector.
• Oct-2018: Viessmann released GWP HFO 1234ze, heat pump for commercial and industrial applications which delivers high flow temperatures upto 90C.
• Sep-2018: Daikin announced the launch of new air-to-water monobloc heat pump which combines all the features of cooling and heating into one single unit and provides high capacity at low ambient temperatures.
• Jun-2018: Carrier, a UTC company introduced new Infinity 20 Air Conditioner with Greenspeed intelligence; the temperature control of these systems have the capacity to adjust the heating and cooling demands of the homes in order to save energy.
• Jun-2018: Ingersoll-Rand Company, Trane launched XV19, a new low-profile variable speed heat pump for residential buildings. It has maximum operating sound levels and 2 to 5 tons capacities.
• May-2018: Carrier, a UTC company released new 16 SEER/13 EER air conditioners which has the range of 1.5 to 5 ton and has 86% of nominal cooling capacity.
• Mar-2018: Mitsubishi introduced new 1:1 Ducted Air Handler (SVZ) for outdoor units which is easy to install, energy efficient and easy to use.
• Jan-2018: Daikin introduced R32, lower GWP refrigerant in air-to-water domestic heat pump which is suitable for use in underfloor heating systems and radiators.

» Expansions:

• Oct-2018: Panasonic started the production of its residential air to water heat pump production at Panasonic AVC Networks Czech, s.r.o. (PAVCCZ) in Pilsen, Czech Republic for the expansion of its business to Europe.
• Nov-2015: Daikin expanded its reach to Japan by opening a new facility in Settsu City in order to broaden its air conditioning, inverters, heat pumps, and refrigerants product portfolio.
• Jun-2015: NIBE opened a new facility in Bristol in order to provide training related to NIBE’s air and ground source heat pumps as well as its pellet-fired biomass boilers.

Scope of the Heat Pump Market Analysis

Market Segmentation:

By Technology

• Air Source
• Water Source
• Ground Source

By Application

• Residential
• Industrial
• Commercial

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• United Technologies Corporation (Carrier Corporation)
• Daikin Industries Ltd.
• NIBE Industrier AB
• Viessmann Group
• Ingersoll-Rand PLC
• Stiebel Eltron GmbH & Co. KG
• Robert Bosch GmbH (Bosch Thermotechnology Corporation)
• Panasonic Corporation
• Mitsubishi Electric Corporation
• The Glen Dimplex Group

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Heat Pump Market, by Technology
1.4.2 Global Heat Pump Market, by Application
1.4.3 Global Heat Pump Market, by Geography
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Executive Summary
2.1.3 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Market Analysis
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Expansions
3.2.3 Mergers & Acquisitions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2015-2019)
3.3.2 Key Strategic Move: (Product Launches: 2019-Aug: 2015-Aug) Leading Players

Chapter 4. Global Heat Pump Market by Technology
4.1 Global Air Source Heat Pump Market by Region
4.2 Global Water Source Heat Pump Market by Region
4.3 Global Ground Source Heat Pump Market by Region

Chapter 5. Global Heat Pump Market by Application
5.1 Global Residential Heat Pump Market by Region
5.2 Global Industrial Heat Pump Market by Region
5.3 Global Commercial Heat Pump Market by Region

Chapter 6. Global Heat Pump Market by Region
6.1 North America Heat Pump Market
6.1.1 North America Heat Pump Market by Technology
6.1.1.1 North America Air Source Heat Pump Market by Country
6.1.1.2 North America Water Source Heat Pump Market by Country
6.1.1.3 North America Ground Source Heat Pump Market by Country
6.1.2 North America Heat Pump Market by Application
6.1.2.1 North America Residential Heat Pump Market by Country
6.1.2.2 North America Industrial Heat Pump Market by Country
6.1.2.3 North America Commercial Heat Pump Market by Country
6.1.3 North America Heat Pump Market by Country
6.1.3.1 US Heat Pump Market
6.1.3.1.1 US Heat Pump Market by Technology
6.1.3.1.2 US Heat Pump Market by Application
6.1.3.2 Canada Heat Pump Market
6.1.3.2.1 Canada Heat Pump Market by Technology
6.1.3.2.2 Canada Heat Pump Market by Application
6.1.3.3 Mexico Heat Pump Market
6.1.3.3.1 Mexico Heat Pump Market by Technology
6.1.3.3.2 Mexico Heat Pump Market by Application
6.1.3.4 Rest of North America Heat Pump Market
6.1.3.4.1 Rest of North America Heat Pump Market by Technology
6.1.3.4.2 Rest of North America Heat Pump Market by Application
6.2 Europe Heat Pump Market
6.2.1 Europe Heat Pump Market by Technology
6.2.1.1 Europe Air Source Heat Pump Market by Country
6.2.1.2 Europe Water Source Heat Pump Market by Country
6.2.1.3 Europe Ground Source Heat Pump Market by Country
6.2.2 Europe Heat Pump Market by Application
6.2.2.1 Europe Residential Heat Pump Market by Country
6.2.2.2 Europe Industrial Heat Pump Market by Country
6.2.2.3 Europe Commercial Heat Pump Market by Country
6.2.3 Europe Heat Pump Market by Country
6.2.3.1 Germany Heat Pump Market
6.2.3.1.1 Germany Heat Pump Market by Technology
6.2.3.1.2 Germany Heat Pump Market by Application
6.2.3.2 UK Heat Pump Market
6.2.3.2.1 UK Heat Pump Market by Technology
6.2.3.2.2 UK Heat Pump Market by Application
6.2.3.3 France Heat Pump Market
6.2.3.3.1 France Heat Pump Market by Technology
6.2.3.3.2 France Heat Pump Market by Application
6.2.3.4 Russia Heat Pump Market
6.2.3.4.1 Russia Heat Pump Market by Technology
6.2.3.4.2 Russia Heat Pump Market by Application
6.2.3.5 Spain Heat Pump Market
6.2.3.5.1 Spain Heat Pump Market by Technology
6.2.3.5.2 Spain Heat Pump Market by Application
6.2.3.6 Italy Heat Pump Market
6.2.3.6.1 Italy Heat Pump Market by Technology
6.2.3.6.2 Italy Heat Pump Market by Application
6.2.3.7 Rest of Europe Heat Pump Market
6.2.3.7.1 Rest of Europe Heat Pump Market by Technology
6.2.3.7.2 Rest of Europe Heat Pump Market by Application
6.3 Asia Pacific Heat Pump Market
6.3.1 Asia Pacific Heat Pump Market by Technology
6.3.1.1 Asia Pacific Air Source Heat Pump Market by Country
6.3.1.2 Asia Pacific Water Source Heat Pump Market by Country
6.3.1.3 Asia Pacific Ground Source Heat Pump Market by Country
6.3.2 Asia Pacific Heat Pump Market by Application
6.3.2.1 Asia Pacific Residential Heat Pump Market by Country
6.3.2.2 Asia Pacific Industrial Heat Pump Market by Country
6.3.2.3 Asia Pacific Commercial Heat Pump Market by Country
6.3.3 Asia Pacific Heat Pump Market by Country
6.3.3.1 China Heat Pump Market
6.3.3.1.1 China Heat Pump Market by Technology
6.3.3.1.2 China Heat Pump Market by Application
6.3.3.2 Japan Heat Pump Market
6.3.3.2.1 Japan Heat Pump Market by Technology
6.3.3.2.2 Japan Heat Pump Market by Application
6.3.3.3 India Heat Pump Market
6.3.3.3.1 India Heat Pump Market by Technology
6.3.3.3.2 India Heat Pump Market by Application
6.3.3.4 South Korea Heat Pump Market
6.3.3.4.1 South Korea Heat Pump Market by Technology
6.3.3.4.2 South Korea Heat Pump Market by Application
6.3.3.5 Singapore Heat Pump Market
6.3.3.5.1 Singapore Heat Pump Market by Technology
6.3.3.5.2 Singapore Heat Pump Market by Application
6.3.3.6 Malaysia Heat Pump Market
6.3.3.6.1 Malaysia Heat Pump Market by Technology
6.3.3.6.2 Malaysia Heat Pump Market by Application
6.3.3.7 Rest of Asia Pacific Heat Pump Market
6.3.3.7.1 Rest of Asia Pacific Heat Pump Market by Technology
6.3.3.7.2 Rest of Asia Pacific Heat Pump Market by Application
6.4 LAMEA Heat Pump Market
6.4.1 LAMEA Heat Pump Market by Technology
6.4.1.1 LAMEA Air Source Heat Pump Market by Country
6.4.1.2 LAMEA Water Source Heat Pump Market by Country
6.4.1.3 LAMEA Ground Source Heat Pump Market by Country
6.4.2 LAMEA Heat Pump Market by Application
6.4.2.1 LAMEA Residential Heat Pump Market by Country
6.4.2.2 LAMEA Industrial Heat Pump Market by Country
6.4.2.3 LAMEA Commercial Heat Pump Market by Country
6.4.3 LAMEA Heat Pump Market by Country
6.4.3.1 Brazil Heat Pump Market
6.4.3.1.1 Brazil Heat Pump Market by Technology
6.4.3.1.2 Brazil Heat Pump Market by Application
6.4.3.2 Argentina Heat Pump Market
6.4.3.2.1 Argentina Heat Pump Market by Technology
6.4.3.2.2 Argentina Heat Pump Market by Application
6.4.3.3 UAE Heat Pump Market
6.4.3.3.1 UAE Heat Pump Market by Technology
6.4.3.3.2 UAE Heat Pump Market by Application
6.4.3.4 Saudi Arabia Heat Pump Market
6.4.3.4.1 Saudi Arabia Heat Pump Market by Technology
6.4.3.4.2 Saudi Arabia Heat Pump Market by Application
6.4.3.5 South Africa Heat Pump Market
6.4.3.5.1 South Africa Heat Pump Market by Technology
6.4.3.5.2 South Africa Heat Pump Market by Application
6.4.3.6 Nigeria Heat Pump Market
6.4.3.6.1 Nigeria Heat Pump Market by Technology
6.4.3.6.2 Nigeria Heat Pump Market by Application
6.4.3.7 Rest of LAMEA Heat Pump Market
6.4.3.7.1 Rest of LAMEA Heat Pump Market by Technology
6.4.3.7.2 Rest of LAMEA Heat Pump Market by Application

Chapter 7. Company Profiles
7.1 United Technologies Corporation (Carrier Corporation)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Product launches:
7.1.6 SWOT Anlaysis
7.2 Daikin Industries Ltd.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional & Segmental Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Collaborations, partnerships and agreements:
7.2.5.2 Product launches:
7.2.5.3 Acquisition and mergers:
7.2.5.4 Expansions:
7.2.6 SWOT Analysis
7.3 NIBE Industrier AB
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 Recent strategies and developments:
7.3.5.1 Product launches:
7.3.5.2 Acquisition and mergers:
7.3.5.3 Expansions:
7.4 Viessmann Group
7.4.1 Company Overview
7.4.2 Recent strategies and developments:
7.4.2.1 Collaborations, partnerships and agreements:
7.4.2.2 Product launches:
7.5 Ingersoll-Rand PLC
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Collaborations, partnerships and agreements:
7.5.5.2 Acquisition and mergers:
7.5.5.3 Product launches:
7.5.6 SWOT Analysis
7.6 Stiebel Eltron GmbH & Co. KG
7.6.1 Company Overview
7.6.2 Recent strategies and developments:
7.6.2.1 Collaborations, partnerships and agreements:
7.6.2.2 Acquisition and mergers:
7.6.2.3 Product launches:
7.7 Robert Bosch GmbH (Bosch Thermotechnology Corporation)
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expense
7.7.5 Recent strategies and developments:
7.7.5.1 Collaborations, partnerships and agreements:
7.7.5.2 Product launches:
7.7.5.3 Acquisition and mergers:
7.7.6 SWOT Analysis
7.8 Panasonic Corporation
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental Analysis
7.8.4 Research & Development Expense
7.8.5 Recent strategies and developments:
7.8.5.1 Collaborations, partnerships and agreements:
7.8.5.2 Product launches:
7.8.5.3 Acquisition and mergers:
7.8.5.4 Expansions:
7.8.6 SWOT Analysis
7.9 Mitsubishi Electric Corporation
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expense
7.9.5 Recent strategies and developments:
7.9.5.1 Acquisition and mergers:
7.9.5.2 Product launches:
7.9.6 SWOT Analysis
7.1 The Glen Dimplex Group
7.10.1 Company Overview
7.10.2 Recent strategies and developments:
7.10.2.1 Acquisition and mergers:
7.10.2.2 Product launches:

TABLE 1 Global Heat Pump Market, 2015 - 2018, USD Million
TABLE 2 Global Heat Pump Market, 2019 - 2025, USD Million
TABLE 3 Partnerships, Collaborations and Agreements- Heat Pump Market
TABLE 4 Product Launches And Expansions- Heat Pump Market
TABLE 5 Mergers & Acquisitions - Heat Pump Market
TABLE 6 Global Heat Pump Market by Technology, 2015 - 2018, USD Million
TABLE 7 Global Heat Pump Market by Technology, 2019 - 2025, USD Million
TABLE 8 Global Air Source Heat Pump Market by Region, 2015 - 2018, USD Million
TABLE 9 Global Air Source Heat Pump Market by Region, 2019 - 2025, USD Million
TABLE 10 Global Water Source Heat Pump Market by Region, 2015 - 2018, USD Million
TABLE 11 Global Water Source Heat Pump Market by Region, 2019 - 2025, USD Million
TABLE 12 Global Ground Source Heat Pump Market by Region, 2015 - 2018, USD Million
TABLE 13 Global Ground Source Heat Pump Market by Region, 2019 - 2025, USD Million
TABLE 14 Global Heat Pump Market by Application, 2015 - 2018, USD Million
TABLE 15 Global Heat Pump Market by Application, 2019 - 2025, USD Million
TABLE 16 Global Residential Heat Pump Market by Region, 2015 - 2018, USD Million
TABLE 17 Global Residential Heat Pump Market by Region, 2019 - 2025, USD Million
TABLE 18 Global Industrial Heat Pump Market by Region, 2015 - 2018, USD Million
TABLE 19 Global Industrial Heat Pump Market by Region, 2019 - 2025, USD Million
TABLE 20 Global Commercial Heat Pump Market by Region, 2015 - 2018, USD Million
TABLE 21 Global Commercial Heat Pump Market by Region, 2019 - 2025, USD Million
TABLE 22 Global Heat Pump Market by Region, 2015 - 2018, USD Million
TABLE 23 Global Heat Pump Market by Region, 2019 - 2025, USD Million
TABLE 24 North America Heat Pump Market, 2015 - 2018, USD Million
TABLE 25 North America Heat Pump Market, 2019 - 2025, USD Million
TABLE 26 North America Heat Pump Market by Technology, 2015 - 2018, USD Million
TABLE 27 North America Heat Pump Market by Technology, 2019 - 2025, USD Million
TABLE 28 North America Air Source Heat Pump Market by Country, 2015 - 2018, USD Million
TABLE 29 North America Air Source Heat Pump Market by Country, 2019 - 2025, USD Million
TABLE 30 North America Water Source Heat Pump Market by Country, 2015 - 2018, USD Million
TABLE 31 North America Water Source Heat Pump Market by Country, 2019 - 2025, USD Million
TABLE 32 North America Ground Source Heat Pump Market by Country, 2015 - 2018, USD Million
TABLE 33 North America Ground Source Heat Pump Market by Country, 2019 - 2025, USD Million
TABLE 34 North America Heat Pump Market by Application, 2015 - 2018, USD Million
TABLE 35 North America Heat Pump Market by Application, 2019 - 2025, USD Million
TABLE 36 North America Residential Heat Pump Market by Country, 2015 - 2018, USD Million
TABLE 37 North America Residential Heat Pump Market by Country, 2019 - 2025, USD Million
TABLE 38 North America Industrial Heat Pump Market by Country, 2015 - 2018, USD Million
TABLE 39 North America Industrial Heat Pump Market by Country, 2019 - 2025, USD Million
TABLE 40 North America Commercial Heat Pump Market by Country, 2015 - 2018, USD Million
TABLE 41 North America Commercial Heat Pump Market by Country, 2019 - 2025, USD Million
TABLE 42 North America Heat Pump Market by Country, 2015 - 2018, USD Million
TABLE 43 North America Heat Pump Market by Country, 2019 - 2025, USD Million
TABLE 44 US Heat Pump Market, 2015 - 2018, USD Million
TABLE 45 US Heat Pump Market, 2019 - 2025, USD Million
TABLE 46 US Heat Pump Market by Technology, 2015 - 2018, USD Million
TABLE 47 US Heat Pump Market by Technology, 2019 - 2025, USD Million
TABLE 48 US Heat Pump Market by Application, 2015 - 2018, USD Million
TABLE 49 US Heat Pump Market by Application, 2019 - 2025, USD Million
TABLE 50 Canada Heat Pump Market, 2015 - 2018, USD Million
TABLE 51 Canada Heat Pump Market, 2019 - 2025, USD Million
TABLE 52 Canada Heat Pump Market by Technology, 2015 - 2018, USD Million
TABLE 53 Canada Heat Pump Market by Technology, 2019 - 2025, USD Million
TABLE 54 Canada Heat Pump Market by Application, 2015 - 2018, Canada Million
TABLE 55 Canada Heat Pump Market by Application, 2019 - 2025, Canada Million
TABLE 56 Mexico Heat Pump Market, 2015 - 2018, USD Million
TABLE 57 Mexico Heat Pump Market, 2019 - 2025, USD Million
TABLE 58 Mexico Heat Pump Market by Technology, 2015 - 2018, USD Million
TABLE 59 Mexico Heat Pump Market by Technology, 2019 - 2025, USD Million
TABLE 60 Mexico Heat Pump Market by Application, 2015 - 2018, Mexico Million
TABLE 61 Mexico Heat Pump Market by Application, 2019 - 2025, Mexico Million
TABLE 62 Rest of North America Heat Pump Market, 2015 - 2018, USD Million
TABLE 63 Rest of North America Heat Pump Market, 2019 - 2025, USD Million
TABLE 64 Rest of North America Heat Pump Market by Technology, 2015 - 2018, USD Million
TABLE 65 Rest of North America Heat Pump Market by Technology, 2019 - 2025, USD Million
TABLE 66 Rest of North America Heat Pump Market by Application, 2015 - 2018, Rest of North America Million
TABLE 67 Rest of North America Heat Pump Market by Application, 2019 - 2025, Rest of North America Million
TABLE 68 Europe Heat Pump Market, 2015 - 2018, USD Million
TABLE 69 Europe Heat Pump Market, 2019 - 2025, USD Million
TABLE 70 Europe Heat Pump Market by Technology, 2015 - 2018, USD Million
TABLE 71 Europe Heat Pump Market by Technology, 2019 - 2025, USD Million
TABLE 72 Europe Air Source Heat Pump Market by Country, 2015 - 2018, USD Million
TABLE 73 Europe Air Source Heat Pump Market by Country, 2019 - 2025, USD Million
TABLE 74 Europe Water Source Heat Pump Market by Country, 2015 - 2018, USD Million
TABLE 75 Europe Water Source Heat Pump Market by Country, 2019 - 2025, USD Million
TABLE 76 Europe Ground Source Heat Pump Market by Country, 2015 - 2018, USD Million
TABLE 77 Europe Ground Source Heat Pump Market by Country, 2019 - 2025, USD Million
TABLE 78 Europe Heat Pump Market by Application, 2015 - 2018, USD Million
TABLE 79 Europe Heat Pump Market by Application, 2019 - 2025, USD Million
TABLE 80 Europe Residential Heat Pump Market by Country, 2015 - 2018, USD Million
TABLE 81 Europe Residential Heat Pump Market by Country, 2019 - 2025, USD Million
TABLE 82 Europe Industrial Heat Pump Market by Country, 2015 - 2018, USD Million
TABLE 83 Europe Industrial Heat Pump Market by Country, 2019 - 2025, USD Million
TABLE 84 Europe Commercial Heat Pump Market by Country, 2015 - 2018, USD Million
TABLE 85 Europe Commercial Heat Pump Market by Country, 2019 - 2025, USD Million
TABLE 86 Europe Heat Pump Market by Country, 2015 - 2018, USD Million
TABLE 87 Europe Heat Pump Market by Country, 2019 - 2025, USD Million
TABLE 88 Germany Heat Pump Market, 2015 - 2018, USD Million
TABLE 89 Germany Heat Pump Market, 2019 - 2025, USD Million
TABLE 90 Germany Heat Pump Market by Technology, 2015 - 2018, USD Million
TABLE 91 Germany Heat Pump Market by Technology, 2019 - 2025, USD Million
TABLE 92 Germany Heat Pump Market by Application, 2015 - 2018, USD Million
TABLE 93 Germany Heat Pump Market by Application, 2019 - 2025, USD Million
TABLE 94 UK Heat Pump Market, 2015 - 2018, USD Million
TABLE 95 UK Heat Pump Market, 2019 - 2025, USD Million
TABLE 96 UK Heat Pump Market by Technology, 2015 - 2018, USD Million
TABLE 97 UK Heat Pump Market by Technology, 2019 - 2025, USD Million
TABLE 98 UK Heat Pump Market by Application, 2015 - 2018, USD Million
TABLE 99 UK Heat Pump Market by Application, 2019 - 2025, USD Million
TABLE 100 France Heat Pump Market, 2015 - 2018, USD Million
TABLE 101 France Heat Pump Market, 2019 - 2025, USD Million
TABLE 102 France Heat Pump Market by Technology, 2015 - 2018, USD Million
TABLE 103 France Heat Pump Market by Technology, 2019 - 2025, USD Million
TABLE 104 France Heat Pump Market by Application, 2015 - 2018, USD Million
TABLE 105 France Heat Pump Market by Application, 2019 - 2025, USD Million
TABLE 106 Russia Heat Pump Market, 2015 - 2018, USD Million
TABLE 107 Russia Heat Pump Market, 2019 - 2025, USD Million
TABLE 108 Russia Heat Pump Market by Technology, 2015 - 2018, USD Million
TABLE 109 Russia Heat Pump Market by Technology, 2019 - 2025, USD Million
TABLE 110 Russia Heat Pump Market by Application, 2015 - 2018, USD Million
TABLE 111 Russia Heat Pump Market by Application, 2019 - 2025, USD Million
TABLE 112 Spain Heat Pump Market, 2015 - 2018, USD Million
TABLE 113 Spain Heat Pump Market, 2019 - 2025, USD Million
TABLE 114 Spain Heat Pump Market by Technology, 2015 - 2018, USD Million
TABLE 115 Spain Heat Pump Market by Technology, 2019 - 2025, USD Million
TABLE 116 Spain Heat Pump Market by Application, 2015 - 2018, USD Million
TABLE 117 Spain Heat Pump Market by Application, 2019 - 2025, USD Million
TABLE 118 Italy Heat Pump Market, 2015 - 2018, USD Million
TABLE 119 Italy Heat Pump Market, 2019 - 2025, USD Million
TABLE 120 Italy Heat Pump Market by Technology, 2015 - 2018, USD Million
TABLE 121 Italy Heat Pump Market by Technology, 2019 - 2025, USD Million
TABLE 122 Italy Heat Pump Market by Application, 2015 - 2018, USD Million
TABLE 123 Italy Heat Pump Market by Application, 2019 - 2025, USD Million
TABLE 124 Rest of Europe Heat Pump Market, 2015 - 2018, USD Million
TABLE 125 Rest of Europe Heat Pump Market, 2019 - 2025, USD Million
TABLE 126 Rest of Europe Heat Pump Market by Technology, 2015 - 2018, USD Million
TABLE 127 Rest of Europe Heat Pump Market by Technology, 2019 - 2025, USD Million
TABLE 128 Rest of Europe Heat Pump Market by Application, 2015 - 2018, USD Million
TABLE 129 Rest of Europe Heat Pump Market by Application, 2019 - 2025, USD Million
TABLE 130 Asia Pacific Heat Pump Market, 2015 - 2018, USD Million
TABLE 131 Asia Pacific Heat Pump Market, 2019 - 2025, USD Million
TABLE 132 Asia Pacific Heat Pump Market by Technology, 2015 - 2018, USD Million
TABLE 133 Asia Pacific Heat Pump Market by Technology, 2019 - 2025, USD Million
TABLE 134 Asia Pacific Air Source Heat Pump Market by Country, 2015 - 2018, USD Million
TABLE 135 Asia Pacific Air Source Heat Pump Market by Country, 2019 - 2025, USD Million
TABLE 136 Asia Pacific Water Source Heat Pump Market by Country, 2015 - 2018, USD Million
TABLE 137 Asia Pacific Water Source Heat Pump Market by Country, 2019 - 2025, USD Million
TABLE 138 Asia Pacific Ground Source Heat Pump Market by Country, 2015 - 2018, USD Million
TABLE 139 Asia Pacific Ground Source Heat Pump Market by Country, 2019 - 2025, USD Million
TABLE 140 Asia Pacific Heat Pump Market by Application, 2015 - 2018, USD Million
TABLE 141 Asia Pacific Heat Pump Market by Application, 2019 - 2025, USD Million
TABLE 142 Asia Pacific Residential Heat Pump Market by Country, 2015 - 2018, USD Million
TABLE 143 Asia Pacific Residential Heat Pump Market by Country, 2019 - 2025, USD Million
TABLE 144 Asia Pacific Industrial Heat Pump Market by Country, 2015 - 2018, USD Million
TABLE 145 Asia Pacific Industrial Heat Pump Market by Country, 2019 - 2025, USD Million
TABLE 146 Asia Pacific Commercial Heat Pump Market by Country, 2015 - 2018, USD Million
TABLE 147 Asia Pacific Commercial Heat Pump Market by Country, 2019 - 2025, USD Million
TABLE 148 Asia Pacific Heat Pump Market by Country, 2015 - 2018, USD Million
TABLE 149 Asia Pacific Heat Pump Market by Country, 2019 - 2025, USD Million
TABLE 150 China Heat Pump Market, 2015 - 2018, USD Million
TABLE 151 China Heat Pump Market, 2019 - 2025, USD Million
TABLE 152 China Heat Pump Market by Technology, 2015 - 2018, USD Million
TABLE 153 China Heat Pump Market by Technology, 2019 - 2025, USD Million
TABLE 154 China Heat Pump Market by Application, 2015 - 2018, USD Million
TABLE 155 China Heat Pump Market by Application, 2019 - 2025, USD Million
TABLE 156 Japan Heat Pump Market, 2015 - 2018, USD Million
TABLE 157 Japan Heat Pump Market, 2019 - 2025, USD Million
TABLE 158 Japan Heat Pump Market by Technology, 2015 - 2018, USD Million
TABLE 159 Japan Heat Pump Market by Technology, 2019 - 2025, USD Million
TABLE 160 Japan Heat Pump Market by Application, 2015 - 2018, USD Million
TABLE 161 Japan Heat Pump Market by Application, 2019 - 2025, USD Million
TABLE 162 India Heat Pump Market, 2015 - 2018, USD Million
TABLE 163 India Heat Pump Market, 2019 - 2025, USD Million
TABLE 164 India Heat Pump Market by Technology, 2015 - 2018, USD Million
TABLE 165 India Heat Pump Market by Technology, 2019 - 2025, USD Million
TABLE 166 India Heat Pump Market by Application, 2015 - 2018, USD Million
TABLE 167 India Heat Pump Market by Application, 2019 - 2025, USD Million
TABLE 168 South Korea Heat Pump Market, 2015 - 2018, USD Million
TABLE 169 South Korea Heat Pump Market, 2019 - 2025, USD Million
TABLE 170 South Korea Heat Pump Market by Technology, 2015 - 2018, USD Million
TABLE 171 South Korea Heat Pump Market by Technology, 2019 - 2025, USD Million
TABLE 172 South Korea Heat Pump Market by Application, 2015 - 2018, USD Million
TABLE 173 South Korea Heat Pump Market by Application, 2019 - 2025, USD Million
TABLE 174 Singapore Heat Pump Market, 2015 - 2018, USD Million
TABLE 175 Singapore Heat Pump Market, 2019 - 2025, USD Million
TABLE 176 Singapore Heat Pump Market by Technology, 2015 - 2018, USD Million
TABLE 177 Singapore Heat Pump Market by Technology, 2019 - 2025, USD Million
TABLE 178 Singapore Heat Pump Market by Application, 2015 - 2018, USD Million
TABLE 179 Singapore Heat Pump Market by Application, 2019 - 2025, USD Million
TABLE 180 Malaysia Heat Pump Market, 2015 - 2018, USD Million
TABLE 181 Malaysia Heat Pump Market, 2019 - 2025, USD Million
TABLE 182 Malaysia Heat Pump Market by Technology, 2015 - 2018, USD Million
TABLE 183 Malaysia Heat Pump Market by Technology, 2019 - 2025, USD Million
TABLE 184 Malaysia Heat Pump Market by Application, 2015 - 2018, USD Million
TABLE 185 Malaysia Heat Pump Market by Application, 2019 - 2025, USD Million
TABLE 186 Rest of Asia Pacific Heat Pump Market, 2015 - 2018, USD Million
TABLE 187 Rest of Asia Pacific Heat Pump Market, 2019 - 2025, USD Million
TABLE 188 Rest of Asia Pacific Heat Pump Market by Technology, 2015 - 2018, USD Million
TABLE 189 Rest of Asia Pacific Heat Pump Market by Technology, 2019 - 2025, USD Million
TABLE 190 Rest of Asia Pacific Heat Pump Market by Application, 2015 - 2018, USD Million
TABLE 191 Rest of Asia Pacific Heat Pump Market by Application, 2019 - 2025, USD Million
TABLE 192 LAMEA Heat Pump Market, 2015 - 2018, USD Million
TABLE 193 LAMEA Heat Pump Market, 2019 - 2025, USD Million
TABLE 194 LAMEA Heat Pump Market by Technology, 2015 - 2018, USD Million
TABLE 195 LAMEA Heat Pump Market by Technology, 2019 - 2025, USD Million
TABLE 196 LAMEA Air Source Heat Pump Market by Country, 2015 - 2018, USD Million
TABLE 197 LAMEA Air Source Heat Pump Market by Country, 2019 - 2025, USD Million
TABLE 198 LAMEA Water Source Heat Pump Market by Country, 2015 - 2018, USD Million
TABLE 199 LAMEA Water Source Heat Pump Market by Country, 2019 - 2025, USD Million
TABLE 200 LAMEA Ground Source Heat Pump Market by Country, 2015 - 2018, USD Million
TABLE 201 LAMEA Ground Source Heat Pump Market by Country, 2019 - 2025, USD Million
TABLE 202 LAMEA Heat Pump Market by Application, 2015 - 2018, USD Million
TABLE 203 LAMEA Heat Pump Market by Application, 2019 - 2025, USD Million
TABLE 204 LAMEA Residential Heat Pump Market by Country, 2015 - 2018, USD Million
TABLE 205 LAMEA Residential Heat Pump Market by Country, 2019 - 2025, USD Million
TABLE 206 LAMEA Industrial Heat Pump Market by Country, 2015 - 2018, USD Million
TABLE 207 LAMEA Industrial Heat Pump Market by Country, 2019 - 2025, USD Million
TABLE 208 LAMEA Commercial Heat Pump Market by Country, 2015 - 2018, USD Million
TABLE 209 LAMEA Commercial Heat Pump Market by Country, 2019 - 2025, USD Million
TABLE 210 LAMEA Heat Pump Market by Country, 2015 - 2018, USD Million
TABLE 211 LAMEA Heat Pump Market by Country, 2019 - 2025, USD Million
TABLE 212 Brazil Heat Pump Market, 2015 - 2018, USD Million
TABLE 213 Brazil Heat Pump Market, 2019 - 2025, USD Million
TABLE 214 Brazil Heat Pump Market by Technology, 2015 - 2018, USD Million
TABLE 215 Brazil Heat Pump Market by Technology, 2019 - 2025, USD Million
TABLE 216 Brazil Heat Pump Market by Application, 2015 - 2018, USD Million
TABLE 217 Brazil Heat Pump Market by Application, 2019 - 2025, USD Million
TABLE 218 Argentina Heat Pump Market, 2015 - 2018, USD Million
TABLE 219 Argentina Heat Pump Market, 2019 - 2025, USD Million
TABLE 220 Argentina Heat Pump Market by Technology, 2015 - 2018, USD Million
TABLE 221 Argentina Heat Pump Market by Technology, 2019 - 2025, USD Million
TABLE 222 Argentina Heat Pump Market by Application, 2015 - 2018, USD Million
TABLE 223 Argentina Heat Pump Market by Application, 2019 - 2025, USD Million
TABLE 224 UAE Heat Pump Market, 2015 - 2018, USD Million
TABLE 225 UAE Heat Pump Market, 2019 - 2025, USD Million
TABLE 226 UAE Heat Pump Market by Technology, 2015 - 2018, USD Million
TABLE 227 UAE Heat Pump Market by Technology, 2019 - 2025, USD Million
TABLE 228 UAE Heat Pump Market by Application, 2015 - 2018, USD Million
TABLE 229 UAE Heat Pump Market by Application, 2019 - 2025, USD Million
TABLE 230 Saudi Arabia Heat Pump Market, 2015 - 2018, USD Million
TABLE 231 Saudi Arabia Heat Pump Market, 2019 - 2025, USD Million
TABLE 232 Saudi Arabia Heat Pump Market by Technology, 2015 - 2018, USD Million
TABLE 233 Saudi Arabia Heat Pump Market by Technology, 2019 - 2025, USD Million
TABLE 234 Saudi Arabia Heat Pump Market by Application, 2015 - 2018, USD Million
TABLE 235 Saudi Arabia Heat Pump Market by Application, 2019 - 2025, USD Million
TABLE 236 South Africa Heat Pump Market, 2015 - 2018, USD Million
TABLE 237 South Africa Heat Pump Market, 2019 - 2025, USD Million
TABLE 238 South Africa Heat Pump Market by Technology, 2015 - 2018, USD Million
TABLE 239 South Africa Heat Pump Market by Technology, 2019 - 2025, USD Million
TABLE 240 South Africa Heat Pump Market by Application, 2015 - 2018, USD Million
TABLE 241 South Africa Heat Pump Market by Application, 2019 - 2025, USD Million
TABLE 242 Nigeria Heat Pump Market, 2015 - 2018, USD Million
TABLE 243 Nigeria Heat Pump Market, 2019 - 2025, USD Million
TABLE 244 Nigeria Heat Pump Market by Technology, 2015 - 2018, USD Million
TABLE 245 Nigeria Heat Pump Market by Technology, 2019 - 2025, USD Million
TABLE 246 Nigeria Heat Pump Market by Application, 2015 - 2018, USD Million
TABLE 247 Nigeria Heat Pump Market by Application, 2019 - 2025, USD Million
TABLE 248 Rest of LAMEA Heat Pump Market, 2015 - 2018, USD Million
TABLE 249 Rest of LAMEA Heat Pump Market, 2019 - 2025, USD Million
TABLE 250 Rest of LAMEA Heat Pump Market by Technology, 2015 - 2018, USD Million
TABLE 251 Rest of LAMEA Heat Pump Market by Technology, 2019 - 2025, USD Million
TABLE 252 Rest of LAMEA Heat Pump Market by Application, 2015 - 2018, USD Million
TABLE 253 Rest of LAMEA Heat Pump Market by Application, 2019 - 2025, USD Million
TABLE 254 Key Information - United Technologies Corporation
TABLE 255 Key information - Daikin Industries Ltd.
TABLE 256 key information - NIBE Industrier AB
TABLE 257 Key Information - Viessmann Group
TABLE 258 Key Information - Ingersoll-Rand PLC
TABLE 259 Key Information - Stiebel Eltron GmbH & Co. KG
TABLE 260 key information - Robert Bosch GmbH
TABLE 261 Key Information - Panasonic Corporation
TABLE 262 key information - Mitsubishi Electric Corporation
TABLE 263 Key information - The Glen Dimplex Group

List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2015-2019)
FIG 4 Key Strategic Move: (Product Launches: 2019-Sep: 2015-Apr) Leading Players
FIG 5 swot analysis: UNITED TECHNOLOGIES CORPORATION
FIG 6 Recent strategies and developments: Daikin Industries Ltd.
FIG 7 SWOT Analysis: Daikin Industries Ltd.
FIG 8 Recent strategies and developments: NIBE Industrier AB
FIG 9 Recent strategies and developments: Viessmann Group
FIG 10 Recent strategies and developments: Ingersoll-Rand PLC
FIG 11 SWOT Analysis: Ingersoll-Rand PLC
FIG 12 Recent strategies and developments: Stiebel Eltron GmbH & Co. KG
FIG 13 Recent strategies and developments: Robert Bosch GmbH (Bosch Thermotechnology Corporation)
FIG 14 Swot analysis: Robert bosch gmbh
FIG 15 Recent strategies and developments: Panasonic Corporation
FIG 16 SWOT Analysis: Panasonic Corporation
FIG 17 Recent strategies and developments: Mitsubishi Electric Corporation
FIG 18 SWOT Analysis: Mitsubishi Electric Corporation
FIG 19 Recent strategies and developments: The Glen Dimplex Group