Global Heat Pump Market Research Report to 2027 - IoT Integration for Smart Heat Pumps Presents Opportunities -

The "Heat Pump Market Research Report by Type (Air To Air and Air To Water), Rated Capacity, End User, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to's offering.

The Global Heat Pump Market size was estimated at USD 68.35 billion in 2021, USD 75.50 billion in 2022, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 10.62% to reach USD 125.27 billion by 2027.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Heat Pump Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.


The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments


The report answers questions such as:

1. What is the market size and forecast of the Global Heat Pump Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Heat Pump Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Heat Pump Market?

4. What is the competitive strategic window for opportunities in the Global Heat Pump Market?

5. What are the technology trends and regulatory frameworks in the Global Heat Pump Market?

6. What is the market share of the leading vendors in the Global Heat Pump Market?

7. What modes and strategic moves are considered suitable for entering the Global Heat Pump Market?


Market Dynamics


  • Significant growth of heat pumps for reduction of CO2-emissions
  • Ongoing replacement of conventional fuel-based heating method by heat pump technology
  • Supportive government regulations to enhance energy efficiency


  • High installation and maintenance cost


  • Constant weather changes and resulting heating and cooling needs
  • Increasing penetration across developing industrial areas for steam and fuel saving
  • IoT integration for smart heat pumps


  • Experience operational issues in extremely cold areas

Companies Mentioned

  • American Standard Companies
  • Asia Pac11 Company
  • Bard HVAC
  • Bosch Thermotechnik GmbH
  • Bryant Heating & Cooling Systems
  • Daikin Industries, Ltd
  • Danfoss
  • Earthlinked Technologies
  • Finn Geotherm UK Limited
  • Glen Dimplex Group
  • Green Planet Supply Technologies
  • Ingersoll-rand
  • Kensa Heat Pumps
  • Midea Group
  • Mitsubishi Motors Corporation
  • MODINE Manufacturing Company
  • NIBE Industrier AB
  • Nortek Global HVAC
  • OCHSNER Warmepumpen
  • Panasonic Corporation
  • Solarbayer GmbH
  • Stiebel Eltron
  • Swegon Group AB
  • Thermic Energy RZ GmbH
  • United Technologies
  • Vaillant Group
  • Viessmann Group
  • WOLF GmbH


For more information about this report visit