PUBLISHER: BCC Research | PRODUCT CODE: 1716281
PUBLISHER: BCC Research | PRODUCT CODE: 1716281
The global market for heat pumps is estimated to increase from $88.4 billion in 2024 to reach $134.8 billion by 2030, at a compound annual growth rate (CAGR) of 7.7% from 2025 through 2030.
The Asia-Pacific market for heat pumps is estimated to increase from $32.4 billion in 2024 to reach $53.7 billion by 2030, at a CAGR of 9.1% from 2025 through 2030.
The North American market for heat pumps is estimated to increase from $23.4 billion in 2024 to reach $36.8 billion by 2030, at a CAGR of 8.2% from 2025 through 2030.
In this report, the global market for heat pumps is segmented and analyzed by type, rated capacity, end user and region. The market size is provided in value ($ millions) and volume (1,000 units). A chapter on competitive intelligence covers the market shares of leading companies based on their product offerings and revenues generated from heat pumps. It also discusses market dynamics, emerging technologies and global developments.
Also discussed are emerging trends, technological advances, economic forces and technical standards. The report also includes a Porter's Five Forces analysis and a SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis. The report also discusses the technical and commercial aspects of heat pump installation in residential, commercial, and industrial end-user segments. The report outlines the regulations and policies in different countries governing heat pump installation to ensure environmental sustainability and regulatory compliance. ESG factors are also analyzed.