Picture
SEARCH
What are you looking for?
Need help finding what you are looking for? Contact Us
Compare

PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1344186

Cover Image

PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1344186

U.S. Air Source Heat Pump Market Size - By Product (Air to Air, Air to Water), By Application (Residential, Commercial) & Forecasts Report, 2023 - 2032

PUBLISHED:
PAGES: 100 Pages
DELIVERY TIME: 2-3 business days
SELECT AN OPTION
PDF & Excel (Single User License)
USD 5150
PDF & Excel (Multi User License)
USD 7150
PDF & Excel (Enterprise User License)
USD 9150

Add to Cart

The U.S. Air Source Heat Pump Market will record significant growth between 2023 and 2032. Increasing awareness about climate change and the need to reduce carbon emissions drives the shift towards more energy-efficient heating solutions. Tax credits, rebates, and grants offered at federal and state levels incentivize investment in air-source heat pump technology. For instance, in the U.S., new federal tax credits are in effect from January 1, 2023, and will last for ten years or until 2032. The former lifetime restriction on tax credit of $500 has been amended to an annual cap of either $1,200 or $2,000, depending on the efficiency improvements made by the consumer.

Air source heat pumps, utilizing ambient air for heating and cooling, align with these sustainability goals. Government incentives and policies promoting energy efficiency encourage consumers and businesses to adopt these systems. Advancements in technology have improved the efficiency and reliability of these systems, making them increasingly attractive to a broader range of consumers. Enhanced performance in colder climates, quieter operation, and smart thermostat integration contribute to their popularity. Additionally, the fluctuating prices of traditional fossil fuels make air-source heat pumps more economically appealing, offering long-term savings on energy bills.

The overall U.S. Air Source Heat Pump Market is classified based on product and application.

Based on the product, the air-to-water air pump segment will contribute significantly to the market from 2023-2032. This innovation utilizes the external air's thermal energy to heat water for residential and commercial applications. As energy efficiency gains prominence, air-to-water heat pumps align perfectly with eco-conscious goals by minimizing carbon emissions and reducing energy consumption. Their versatility in providing both space heating and hot water solutions makes them an attractive option for various settings. Furthermore, government incentives and rebates promoting sustainable technologies incentivize consumers to adopt these systems. As the market seeks greener and more efficient alternatives, the demand for air-to-water air-source heat pumps continues to surge.

Regarding the application, the residential segment will contribute significantly to the market from 2023-2032. As homeowners increasingly prioritize energy efficiency, air-source heat pumps offer an appealing solution. These systems efficiently extract heat from the surrounding air to warm homes in winter and provide cooling during summer, reducing both energy consumption and utility costs. Moreover, their compact size and minimal environmental impact align with sustainable living trends. Government incentives aimed at promoting renewable technologies further bolster their adoption. As residential consumers seek reliable, cost-effective, and eco-friendly heating and cooling options, the demand for air-source heat pumps in the U.S. housing market continues to escalate, driving a transformative change in residential energy systems.

Product Code: 5735

Table of Contents

Chapter 1 Methodology & Scope

  • 1.1 Market definitions
  • 1.2 Base estimates & calculations
  • 1.3 Forecast calculation
  • 1.4 Data sources
    • 1.4.1 Primary
    • 1.4.2 Secondary
      • 1.4.2.1 Paid
      • 1.4.2.2 Public

Chapter 2 US Air Source Heat Pump Industry Insights

  • 2.1 Industry ecosystem analysis
    • 2.1.1 Vendor Matrix
  • 2.2 Regulatory landscape
  • 2.3 Industry impact forces
    • 2.3.1 Growth drivers
    • 2.3.2 Industry pitfalls & challenges
  • 2.4 COVID- 19 impact on the industry outlook
  • 2.5 Growth potential analysis
  • 2.6 Porter's Analysis
    • 2.6.1 Bargaining power of suppliers
    • 2.6.2 Bargaining power of buyers
    • 2.6.3 Threat of new entrants
    • 2.6.4 Threat of substitutes
  • 2.7 PESTEL Analysis

Chapter 3 Competitive Benchmarking

  • 3.1 Innovation & sustainability landscape
  • 3.2 Competitive landscape, 2022
    • 3.2.1 Strategic dashboard

Chapter 4 US Air Source Heat Pump Market, By Product ('000 Units, USD Million)

  • 4.1 Key product trends
  • 4.2 Air to air
  • 4.3 Air to water

Chapter 5 US Air Source Heat Pump Market, By Application ('000 Units, USD Million)

  • 5.1 Key application trends
  • 5.2 Residential
    • 5.2.1 Single family
    • 5.2.2 Multi family
    • 5.2.3 By Product
      • 5.2.3.1 Domestic hot water heat pump
      • 5.2.3.2 Room heat pump
  • 5.3 Commercial
    • 5.3.1 Education
    • 5.3.2 Healthcare
    • 5.3.3 Retail
    • 5.3.4 Logistics & transportation
    • 5.3.5 Offices
    • 5.3.6 Hospitality
    • 5.3.7 Others

Chapter 6 Company Profiles

  • 6.1 Trane
  • 6.2 Bosch Thermotechnology Corp.
  • 6.3 SAMSUNG
  • 6.4 Daikin Comfort Technologies North America, Inc.
  • 6.5 Carrier
  • 6.6 LG Electronics
  • 6.7 GREE ELECTRIC APPLIANCES, INC.
  • 6.8 Lennox International Inc.
  • 6.9 Colmac Industries
  • 6.10 FUJITSU GENERAL
  • 6.11 Rheem Manufacturing Company
  • 6.12 JOHNSON CONTROLS - HITACHI AIR CONDITIONING COMPANY
  • 6.13 A. O. Smith
  • 6.14 Lochinvar
  • 6.15 American Standard Heating and Air Conditioning
Product Code: 5735

Data Tables

  • TABLE 1 Industry impact forces
  • TABLE 2 U.S. market from air to air, 2019 - 2022 (Volume & Revenue)
  • TABLE 3 U.S. market from air to air, 2023 - 2027 (Volume & Revenue)
  • TABLE 4 U.S. market from air to air, 2028 - 2032 (Volume & Revenue)
  • TABLE 5 U.S. market from air to water, 2019 - 2022 (Volume & Revenue)
  • TABLE 6 U.S. market from air to water, 2023 - 2027 (Volume & Revenue)
  • TABLE 7 U.S. market from air to water, 2028 - 2032 (Volume & Revenue)
  • TABLE 8 U.S. market from residential, 2019 - 2022 (Volume & Revenue)
  • TABLE 9 U.S. market from residential, 2023 - 2027 (Volume & Revenue)
  • TABLE 10 U.S. market from residential, 2028 - 2032 (Volume & Revenue)
  • TABLE 11 U.S. market from single family, 2019 - 2022 (Volume & Revenue)
  • TABLE 12 U.S. market from single family, 2023 - 2027 (Volume & Revenue)
  • TABLE 13 U.S. market from single family, 2028 - 2032 (Volume & Revenue)
  • TABLE 14 U.S. market from multi family, 2019 - 2022 (Volume & Revenue)
  • TABLE 15 U.S. market from multi family, 2023 - 2027 (Volume & Revenue)
  • TABLE 16 U.S. market from multi family, 2028 - 2032 (Volume & Revenue)
  • TABLE 17 U.S. market from domestic hot water heat pump, 2019 - 2022 (Volume & Revenue)
  • TABLE 18 U.S. market from domestic hot water heat pump, 2023 - 2027 (Volume & Revenue)
  • TABLE 19 U.S. market from domestic hot water heat pump, 2028 - 2032 (Volume & Revenue)
  • TABLE 20 U.S. market from room heat pump, 2019 - 2022 (Volume & Revenue)
  • TABLE 21 U.S. market from room heat pump, 2023 - 2027 (Volume & Revenue)
  • TABLE 22 U.S. market from room heat pump, 2028 - 2032 (Volume & Revenue)
  • TABLE 23 U.S. market from commercial, 2019 - 2022 (Volume & Revenue)
  • TABLE 24 U.S. market from commercial, 2023 - 2027 (Volume & Revenue)
  • TABLE 25 U.S. market from commercial, 2028 - 2032 (Volume & Revenue)
  • TABLE 26 U.S. market from education, 2019 - 2022 (Volume & Revenue)
  • TABLE 27 U.S. market from education, 2023 - 2027 (Volume & Revenue)
  • TABLE 28 U.S. market from education, 2028 - 2032 (Volume & Revenue)
  • TABLE 56 U.S. market from healthcare, 2019 - 2022 (Volume & Revenue)
  • TABLE 57 U.S. market from healthcare, 2023 - 2027 (Volume & Revenue)
  • TABLE 58 U.S. market from healthcare, 2028 - 2032 (Volume & Revenue)
  • TABLE 59 U.S. market from retail, 2019 - 2022 (Volume & Revenue)
  • TABLE 60 U.S. market from retail, 2023 - 2027 (Volume & Revenue)
  • TABLE 61 U.S. market from retail, 2028 - 2032 (Volume & Revenue)
  • TABLE 62 U.S. market from logistics & transportation, 2019 - 2022 (Volume & Revenue)
  • TABLE 63 U.S. market from logistics & transportation, 2023 - 2027 (Volume & Revenue)
  • TABLE 64 U.S. market from logistics & transportation, 2028 - 2032 (Volume & Revenue)
  • TABLE 65 U.S. market from offices, by region, 2019 - 2022 (Volume & Revenue)
  • TABLE 66 U.S. market from offices, by region, 2023 - 2027 (Volume & Revenue)
  • TABLE 67 U.S. market from offices, by region, 2028 - 2032 (Volume & Revenue)
  • TABLE 68 U.S. market from hospitality, 2019 - 2022 (Volume & Revenue)
  • TABLE 69 U.S. market from hospitality, 2023 - 2027 (Volume & Revenue)
  • TABLE 70 U.S. market from hospitality, 2028 - 2032 (Volume & Revenue)
  • TABLE 71 U.S. market from others, 2019 - 2022 (Volume & Revenue)
  • TABLE 72 U.S. market from others, 2023 - 2027 (Volume & Revenue)
  • TABLE 73 U.S. market from others, 2028 - 2032 (Volume & Revenue)

Charts & Figures

  • FIG. 1 GMI report coverage: critical research elements
  • FIG. 2 Industry segmentation
  • FIG. 3 Market forecasting methodology
  • FIG. 4 Profile break-up of primary respondents
  • FIG. 5 Industry ecosystem analysis
  • FIG. 6 Overall view of COVID- 19 effect, 2019 - 2032 (USD Million)
  • FIG. 7 Growth potential analysis
  • FIG. 8 Porter's Analysis
  • FIG. 9 PESTEL Analysis
  • FIG. 10 SWOT Analysis, Trane
  • FIG. 11 SWOT Analysis, Bosch Thermotechnology Corp.
  • FIG. 12 SWOT Analysis, SAMSUNG
  • FIG. 13 SWOT Analysis, Daikin Comfort Technologies North America, Inc.
  • FIG. 14 SWOT Analysis, Carrier
  • FIG. 15 SWOT Analysis, LG Electronics
  • FIG. 16 SWOT Analysis, GREE ELECTRIC APPLIANCES, INC.
  • FIG. 17 SWOT Analysis, Lennox International Inc.
  • FIG. 18 SWOT Analysis, Colmac Industries
  • FIG. 19 SWOT Analysis, FUJITSU GENERAL
  • FIG. 20 SWOT Analysis, Rheem Manufacturing Company
  • FIG. 21 SWOT Analysis, JOHNSON CONTROLS - HITACHI AIR CONDITIONING COMPANY
  • FIG. 22 SWOT Analysis, A. O. Smith
  • FIG. 23 SWOT Analysis, Lochinvar
  • FIG. 24 SWOT Analysis, American Standard Heating and Air Conditioning
Have a question?
Picture

Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

Picture

Christine Sirois

Manager - Americas

+1-860-674-8796

Questions? Please give us a call or visit the contact form.
Hi, how can we help?
Contact us!