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Heat Pump Market Forecast to 2025 - By Application, By Product

Author : Rahul Sankrityayan | Published Date : 2019-07-31 

Commercial heat pump market Will witness growth owing to positive outlook toward infrastructure sector along with upsurge in demand for retrofit and replacement of existing cooling and heating units. A system ability to integrate with conventional systems across new constructed or existing establishments will provide it competitive edge over other alternates.

Sweden heat pump market will witness growth on account of introduction of net zero emissions building norms coupled with increasing demand for sustainable H&C units. The country has pledge to achieve its net zero GHG emissions targets by 2045 to reduce climate change. Moreover, growing focus to reduce dependency on import and improve energy security coupled with shift in trends to improve living standards will further complement the industry dynamics.

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  • Pages:  390
  • Tables: 574
  • Charts / Figures:          50
  • Companies covered:   25
  • Countries covered:      16

Heat Pump Market is predicted to surpass USD 60 billion by 2025. Increasing demand for cost effective, noiseless and energy efficient space conditioning systems to reduce electricity consumption across the residential and commercial apartments will drive the industry growth. For instance, geothermal heat pump (GHP) can reduce electricity consumptions by at least 26% when compared with gas boiler. Stringent government norms to reduce carbon footprints along with volatile fossil fuel prices are some of the factors enhancing the adoption of energy efficient systems.

Technological innovation in the designing of heat pump systems to reduce cost and improve efficiency will propel the heat pump market share. In October 2018, Viessmann introduced Vitocal 222-A and 200-A air source heat pump with noise reduction technology. The system is suitable for densely built up areas including terraced housing estates and offers low operating cost and high energy efficiency. Furthermore, RHI, green bond, direct grants and zero interest rate loan are some of the incentives introduced to enhance the utilization of renewable resources, will further stimulate the product deployment.

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Growth drivers

3.11.1.1.1 Positive outlook toward renewable sector

3.11.1.1.2 Surging demand for space heating

3.11.1.2 Asia Pacific

3.11.1.2.1 Rapid urbanization and commercialization

3.11.1.3 North America

3.11.1.3.1 Increasing demand for energy-efficient systems

3.11.1.3.2 Favourable measures to reduce carbon footprints

Ground source heat pump market for 2018, was valued over USD 2,800 Million. Less maintenance requirement, ecofriendly, noiseless operation and enhanced reliability are few highlighted parameters which will positively influence the product demand. Capability to utilize constant shallow soil temperature for providing cooling and heating solutions make its adoption viable over other alternates.

Commercial heat pump market. Will witness growth owing to positive outlook toward infrastructure sector along with upsurge in demand for retrofit and replacement of existing cooling and heating units. A system ability to integrate with conventional systems across new constructed or existing establishments will provide it competitive edge over other alternates.

Major participants across heat pump industry are NIBE, Wolf, Kensa Heat Pumps, Glen dimplex, Bosch Thermotechnology, Green Planet Supply Technologies, Earthlinked Technologies, Danfoss, Trane, Daikin, Nortek, Solarbayer, Finn Geotherm, Stiebel Eltron, Mitsubishi Electric, Bryant Heating & Cooling Systems, Viessmann, Swegon, OCHSNER Warmepumpen, Carrier, Modine, Swegon, Thermic Energy, Weishaupt, Bard HVAC and Vaillant.

 Partial Table of Contents (ToC) of the report:

Report Content

Chapter 1 Methodology & Scope

1.1 Methodology

1.2 Market definitions

1.3 Market estimation & forecast parameters

1.4 Data Sources

1.4.1 Primary

1.4.2 Secondary

1.4.2.1 Paid Sources

1.4.2.2 Public Sources

Chapter 2 Executive Summary

2.1 Heat pump industry 3600 synopsis, 2014 – 2025

2.1.1 Business trends

2.1.2 Product trends

2.1.3 Application trends

2.1.4 Regional trends

Chapter 3 Heat Pump Industry Insights

3.1 Industry segmentation

3.2 Industry landscape, 2014 - 2025

3.3 Industry ecosystem analysis

3.3.1 Vendor matrix

3.4 Innovation & sustainability

3.4.1 Modine

3.4.2 Danfoss

3.4.3 Stiebel Eltron

3.4.4 Dimplex

3.4.5 Viessmann

3.4.6 Daikin

3.4.7 Johnson Controls

3.4.8 Vaillant

3.4.9 Panasonic

3.4.10 Other innovations

3.5 Cost Structure analysis

3.5.1 Geothermal heat pump

3.5.2 Air source heat pump

3.5.3 Life cycle cost analysis

3.5.3.1 Cost Parameters

3.5.3.2 Data Types and Sources

3.5.3.3 Assumptions

3.5.3.4 Results

3.5.3.5 Case 1 (Residential)

3.5.3.6 Life Cycle Cost Analysis

3.5.3.7 Case 2 (Commercial)

3.5.3.8 Life Cycle Cost Analysis

3.5.3.9 Inferences

3.6 Comparative analysis with other available heat pumps

3.7 Geothermal heat pump price, by company

3.8 Installation Cost

3.8.1 Loop installation prices

3.8.1.1 Levelized loop installation price by region

3.8.2 Drilling prices

3.8.3 Mechanical equipment installations by building type

3.8.4 Average mechanical equipment installation prices by GHP type

3.8.4.1 Levelized mechanical equipment installation price by region

3.8.5 Case studies

3.9 Raw material cost analysis

3.10 Regulatory landscape

3.10.1 U.S.

3.10.1.1 International Ground Source Heat Pump Association

3.10.1.2 Bipartisan Budget Act of 2018

3.10.1.3 Fannie Mae Green Initiative

3.10.1.4 Massachusetts Clean Energy Centre Ground-Source Heat Pump Grants

3.10.1.5 Energy Improvement and Extension Act of 2008 (EIEA2008)

3.10.1.6 Air-Source Heat Pump Program

3.10.1.7 Residential Air Source Heat Pump Schedules and Product Codes

3.10.1.8 International Organization for Standardization

3.10.1.9 Federal Energy Management Program

3.10.2 Europe

3.10.2.1 Heat Pumps and EU targets

3.10.2.2 Key Laws

3.10.2.3 Energy Efficiency Plan 2011

3.10.2.4 Germany

3.10.2.4.1 German Energy Saving Ordinance (EnEV)

3.10.2.4.2 Energy Concept - The Energy Strategy

3.10.2.5 UK

3.10.2.5.1 The Renewable Heat Incentive Scheme Regulations

3.10.2.5.2 The UK’s National Energy Efficiency Action Plan

3.10.2.5.3 CRC Energy Efficiency Schemes

3.10.2.6 Ireland

3.10.2.6.1 The Heat Pump Association of Ireland

3.10.3 Asia Pacific

3.10.3.1 China

3.10.3.1.1 China Medium and Long-Term Energy Conservation Plan

3.10.3.1.2 Regulation on Energy Conservation in Civil Buildings

3.10.3.2 Australia and New Zealand

3.10.3.2.1 Greenhouse and Energy Minimum Standards (Air Conditioners and Heat Pumps) Determination 2013

3.11 Industry impact forces

3.11.1 Growth drivers

3.11.1.1 Europe

3.11.1.1.1 Positive outlook toward renewable sector

3.11.1.1.2 Surging demand for space heating

3.11.1.2 Asia Pacific

3.11.1.2.1 Rapid urbanization and commercialization

3.11.1.3 North America

3.11.1.3.1 Increasing demand for energy-efficient systems

3.11.1.3.2 Favourable measures to reduce carbon footprints

3.11.2 Industry pitfalls & challenges

3.11.2.1 High upfront cost

3.12 Market entry barrier

3.13 Customer group requirement

3.13.1 Residential

3.13.2 Commercial

3.14 Global & regional heat statistics, 2010 – 2015, TJ

3.15 Heat generation stats from RE sources across key countries, 2010-2015

3.16 Share of renewable energy in heating, 2015-2016

3.17 Geothermal DH capacity installed in Europe per country, 2013-2014 (MWh)

3.18 Growth potential analysis

3.19 Porter’s Analysis

3.20 Competitive landscape, 2018

3.20.1 Strategy dashboard

3.20.1.1 Danfoss

3.20.1.2 Daikin

3.20.1.3 Bosch Thermotechnology

3.20.1.4 Modine

3.20.1.5 Mitsubishi Electric

3.20.1.6 Glen Dimplex

3.20.1.7 Carrier

3.21 PESTEL Analysis

Chapter 4 Heat Pump Market, By Product

4.1 Heat pump market share by product, 2018 & 2025

4.2 Air Source Heat Pump

4.2.1 Global market from air source heat pump, 2014 - 2025

4.2.2 Global market from air source heat pump, by region, 2014 - 2025

4.3 Ground Source Heat Pump

4.3.1 Global market from ground source heat pump, 2014 - 2025

4.3.2 Global market from ground source heat pump, by region, 2014 - 2025

4.4 Water Source Heat Pump

4.4.1 Global market from water source heat pump, 2014 - 2025

4.4.2 Global market from water source heat pump, by region, 2014 - 2025

Chapter 5 Heat Pump Market, By Application

5.1 Heat pump market share by application, 2018 & 2025

5.2 Residential

5.2.1 Global market from residential, 2014 - 2025

5.2.2 Global market from residential, by region, 2014 - 2025

5.2.3 Single Family

5.2.3.1 Global market from single family, 2014 - 2025

5.2.3.2 Global market from single family, by region, 2014 - 2025

5.2.4 Multi Family

5.2.4.1 Global market from multi-family, 2014 - 2025

5.2.4.2 Global market from multi family, by region, 2014 - 2025

5.3 Commercial

5.3.1 Global market from commercial, 2014 - 2025

5.3.2 Global market from commercial, by region, 2014 - 2025

5.3.3 Educational Institutes

5.3.3.1 Global market from educational institutes, 2014 - 2025

5.3.3.2 Global market from educational institutes, by region, 2014 - 2025

5.3.4 Healthcare

5.3.4.1 Global market from healthcare, 2014 - 2025

5.3.4.2 Global market from healthcare, by region, 2014 - 2025

5.3.5 Retail

5.3.5.1 Global market from retail, 2014 - 2025

5.3.5.2 Global market from retail, by region, 2014 - 2025

5.3.6 Logistics & Transportation

5.3.6.1 Global market from logistics and transportation, 2014 - 2025

5.3.6.2 Global market from logistics and transportation, by region, 2014 - 2025

5.3.7 Offices

5.3.7.1 Global market from offices, 2014 - 2025

5.3.7.2 Global market from offices, by region, 2014 - 2025

5.3.8 Hospitality

5.3.8.1 Global market from hospitality, 2014 - 2025

5.3.8.2 Global market from hospitality, by region, 2014 - 2025

5.3.9 Others

5.3.9.1 Global market from others, 2014 - 2025

5.3.9.2 Global market from others, by region, 2014 - 2025

5.4 Industrial

5.4.1 Global market from industrial, 2014 - 2025

5.4.2 Global market from industrial, by region, 2014 - 2025

Chapter 6 Heat Pump Market, By Region

6.1 Heat pump market share by region, 2018 & 2025

6.2 North America

6.2.1 North America market, 2014 - 2025

6.2.2 North America market by product, 2014 - 2025

6.2.3 North America market by application, 2014 - 2025

6.2.3.1 North America market, by residential application, 2014 - 2025

6.2.3.2 North America market, by commercial application, 2014 - 2025

6.2.4 U.S.

6.2.4.1 U.S. market, 2014 - 2025

6.2.4.2 U.S. market by product, 2014 - 2025

6.2.4.3 U.S. market by application, 2014 - 2025

6.2.4.3.1 U.S. market, by residential application, 2014 - 2025

6.2.4.3.2 U.S. market, by commercial application, 2014 - 2025

6.2.5 Canada

6.2.5.1 Canada market, 2014 - 2025

6.2.5.2 Canada market by product, 2014 - 2025

6.2.5.3 Canada market by application, 2014 - 2025

6.2.5.3.1 Canada market, by residential application, 2014 - 2025

6.2.5.3.2 Canada market, by commercial application, 2014 - 2025

6.3 Europe

6.3.1 Europe market, 2014 - 2025

6.3.2 Europe market by product, 2014 - 2025

6.3.3 Europe market by application, 2014 - 2025

6.3.3.1 Europe market, by residential application, 2014 - 2025

6.3.3.2 Europe market, by commercial application, 2014 - 2025

6.3.4 Austria

6.3.4.1 Austria market, 2014 - 2025

6.3.4.2 Austria market by product, 2014 - 2025

6.3.4.3 Austria market by application, 2014 - 2025

6.3.4.3.1 Austria market, by residential application, 2014 - 2025

6.3.4.3.2 Austria market, by commercial application, 2014 - 2025

6.3.5 Norway

6.3.5.1 Norway market, 2014 - 2025

6.3.5.2 Norway market by product, 2014 - 2025

6.3.5.3 Norway market by application, 2014 - 2025

6.3.5.3.1 Norway market, by residential application, 2014 - 2025

6.3.5.3.2 Norway market, by commercial application, 2014 - 2025

6.3.6 Denmark

6.3.6.1 Denmark market, 2014 - 2025

6.3.6.2 Denmark market by product, 2014 - 2025

6.3.6.3 Denmark market by application, 2014 - 2025

6.3.6.3.1 Denmark market, by residential application, 2014 - 2025

6.3.6.3.2 Denmark market, by commercial application, 2014 - 2025

6.3.7 Finland

6.3.7.1 Finland market, 2014 - 2025

6.3.7.2 Finland market by product, 2014 - 2025

6.3.7.3 Finland market by application, 2014 - 2025

6.3.7.3.1 Finland market, by residential application, 2014 - 2025

6.3.7.3.2 Finland market, by commercial application, 2014 - 2025

6.3.8 France

6.3.8.1 France market, 2014 - 2025

6.3.8.2 France market by product, 2014 - 2025

6.3.8.3 France market by application, 2014 - 2025

6.3.8.3.1 France market, by residential application, 2014 - 2025

6.3.8.3.2 France market, by commercial application, 2014 - 2025

6.3.9 Germany

6.3.9.1 Germany market, 2014 - 2025

6.3.9.2 Germany market by product, 2014 - 2025

6.3.9.3 Germany market by application, 2014 - 2025

6.3.9.3.1 Germany market, by residential application, 2014 - 2025

6.3.9.3.2 Germany market, by commercial application, 2014 - 2025

6.3.10 Italy

6.3.10.1 Italy market, 2014 - 2025

6.3.10.2 Italy market by product, 2014 - 2025

6.3.10.3 Italy market by application, 2014 - 2025

6.3.10.3.1 Italy market, by residential application, 2014 - 2025

6.3.10.3.2 Italy market, by commercial application, 2014 - 2025

6.3.11 Switzerland

6.3.11.1 Switzerland market, 2014 - 2025

6.3.11.2 Switzerland market by product, 2014 - 2025

6.3.11.3 Switzerland market by application, 2014 - 2025

6.3.11.3.1 Switzerland market, by residential application, 2014 - 2025

6.3.11.3.2 Switzerland market, by commercial application, 2014 - 2025

6.3.12 Spain

6.3.12.1 Spain market, 2014 - 2025

6.3.12.2 Spain market by product, 2014 - 2025

6.3.12.3 Spain market by application, 2014 - 2025

6.3.12.3.1 Spain market, by residential application, 2014 - 2025

6.3.12.3.2 Spain market, by commercial application, 2014 - 2025

6.3.13 Sweden

6.3.13.1 Sweden market, 2014 - 2025

6.3.13.2 Sweden market by product, 2014 - 2025

6.3.13.3 Sweden market by application, 2014 - 2025

6.3.13.3.1 Sweden market, by residential application, 2014 - 2025

6.3.13.3.2 Sweden market, by commercial application, 2014 - 2025

6.3.14 UK

6.3.14.1 UK market, 2014 - 2025

6.3.14.2 UK market by product, 2014 - 2025

6.3.14.3 UK market by application, 2014 - 2025

6.3.14.3.1 UK market, by residential application, 2014 - 2025

6.3.14.3.2 UK market, by commercial application, 2014 - 2025

6.3.15 Netherlands

6.3.15.1 Netherlands market, 2014 - 2025

6.3.15.2 Netherlands market by product, 2014 - 2025

6.3.15.3 Netherlands market by application, 2014 - 2025

6.3.15.3.1 Netherlands market, by residential application, 2014 - 2025

6.3.15.3.2 Netherlands market, by commercial application, 2014 - 2025

6.4 Asia Pacific

6.4.1 Asia Pacific market, 2014 - 2025

6.4.2 Asia Pacific market by product, 2014 - 2025

6.4.3 Asia Pacific market by application, 2014 - 2025

6.4.3.1 Asia Pacific market, by residential application, 2014 - 2025

6.4.3.2 Asia Pacific market, by commercial application, 2014 - 2025

6.4.4 China

6.4.4.1 China market, 2014 - 2025

6.4.4.2 China market by product, 2014 - 2025

6.4.4.3 China market by application, 2014 - 2025

6.4.4.3.1 China market, by residential application, 2014 - 2025

6.4.4.3.2 China market, by commercial application, 2014 - 2025

6.4.5 Japan

6.4.5.1 Japan market, 2014 - 2025

6.4.5.2 Japan market by product, 2014 - 2025

6.4.5.3 Japan market by application, 2014 - 2025

6.4.5.3.1 Japan market, by residential application, 2014 - 2025

6.4.5.3.2 Japan market, by commercial application, 2014 - 2025

6.4.6 Australia

6.4.6.1 Australia market, 2014 - 2025

6.4.6.2 Australia market by product, 2014 - 2025

6.4.6.3 Australia market by application, 2014 - 2025

6.4.6.3.1 Australia market, by residential application, 2014 - 2025

6.4.6.3.2 Australia market, by commercial application, 2014 - 2025

6.4.7 South Korea

6.4.7.1 South Korea market, 2014 - 2025

6.4.7.2 South Korea market by product, 2014 - 2025

6.4.7.3 South Korea market by application, 2014 - 2025

6.4.7.3.1 South Korea market, by residential application, 2014 - 2025

6.4.7.3.2 South Korea market, by commercial application, 2014 - 2025

6.5 Rest of World

6.5.1 Rest of World market, 2014 - 2025

6.5.2 Rest of World market by product, 2014 - 2025

6.5.3 Rest of World market by application, 2014 - 2025

6.5.3.1 Rest of World market, by residential application, 2014 - 2025

6.5.3.2 Rest of World market, by commercial application, 2014 - 2025

6.5.4 Iran

6.5.4.1 Iran market, 2014 - 2025

6.5.4.2 Iran market by product, 2014 - 2025

6.5.4.3 Iran market by application, 2014 - 2025

6.5.4.3.1 Iran market, by residential application, 2014 - 2025

6.5.4.3.2 Iran market, by commercial application, 2014 - 2025

6.5.5 Saudi Arabia

6.5.5.1 Saudi Arabia market, 2014 - 2025

6.5.5.2 Saudi Arabia market by product, 2014 - 2025

6.5.5.3 Saudi Arabia market by application, 2014 - 2025

6.5.5.3.1 Saudi Arabia market, by residential application, 2014 - 2025

6.5.5.3.2 Saudi Arabia market, by commercial application, 2014 - 2025

6.5.6 Turkey

6.5.6.1 Turkey market, 2014 - 2025

6.5.6.2 Turkey market by product, 2014 - 2025

6.5.6.3 Turkey market by application, 2014 - 2025

6.5.6.3.1 Turkey market, by residential application, 2014 - 2025

6.5.6.3.2 Turkey market, by commercial application, 2014 - 2025

6.5.7 South Africa

6.5.7.1 South Africa market, 2014 - 2025

6.5.7.2 South Africa market by product, 2014 - 2025

6.5.7.3 South Africa market by application, 2014 - 2025

6.5.7.3.1 South Africa market, by residential application, 2014 - 2025

6.5.7.3.2 South Africa market, by commercial application, 2014 - 2025

Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/heat-pump-market

hydropower turbine market -  https://www.marketwatch.com/press-release/at-81-cagr-hydropower-turbine-market-2019-2025-trends-and-forecast-analysis-2019-07-31

Wind Energy Market- https://www.marketwatch.com/press-release/europe-wind-energy-market-to-accumulate-substantial-gains-by-2024-edf-alstom-senvion-2019-07-31

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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