#Air-Water Monobloc Heat Pumps Market industry
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Heat Pump Market Size, Share, Growth, Analysis Forecast to 2030
The global heat pump market size is anticipated to reach USD 166.6 billion by 2030, expanding at a CAGR of 9.4% during the forecast period, according to a new report by Grand View Research, Inc. Favorable government policies for energy-efficient solutions and lowered carbon footprint are expected to boost the market growth over the forecast period. In addition, consumer-driven demand for energy-efficient heat pumps to reduce energy consumption and lower operating expenses are expected to benefit the overall market over the forecast period.
The emergence of climate and energy as a political priority has spurred an increased interest in heating and energy efficiency gains to be realized within buildings. Increasing disposable income has led to the growing demand for technologically advanced equipment and comfortable housing solutions, which is further projected to boost the demand for heat pumps. These factors are expected to play a vital role in driving the market growth.
Governments across the globe are becoming increasingly aware of the risks associated with fossil fuels and are adopting environment-friendly options. Furthermore, initiatives like the federal tax credit for new residential heat pumps in the U.S. was extended until the end of 2022. The California Energy Commission passed a new building energy code in August 2021, which encouraged the use of heat pumps for space and water heating in newly constructed buildings. All these aforementioned factors are expected to boost the demand for heat pumps in the coming years.
Gather more insights about the market drivers, restrains and growth of the Global Heat Pump Market
Heat Pump Market Report Highlights
In 2023, the air-source technology segment dominated with a revenue share of over 84.6%. The growth of this segment can be attributed to the benefits such as energy-efficient, low carbon emission, low maintenance, easy installation process, use in space heating and hot water, and high seasonal coefficient of performance
The residential application segment accounted for 86.0% of the global revenue share in 2023. Rapid urbanization coupled with increasing demand for energy-efficient products is expected to drive the demand for heat pumps in the residential sector
The industrial application segment is expected to witness a CAGR of 8.0% over the forecast period. The increasing number of new industrial facilities being established worldwide is fueling the global demand for heat pumps
Asia Pacific accounted for 52.6% of the global revenue share in 2023. The rising trend of shifting production bases to emerging economies, mainly China and India, is expected to positively influence the growth of the heat pump industry over the forecast period
In February 2023, Hitachi introduced the Yutaki M R32 monobloc air-to-water heat pump. Even in sub-zero temperatures, the 4-ton and 3-ton systems have 140°F heating capacity
In May 2022, Midea launched the EVOX heat pump system. The new product is available in six sizes from 1.5–5 tons. These are capable of 100% heating output at -20°C
Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.
Cobalt Market: The global cobalt market size was estimated at USD 16.96 billion in 2024 and is expected to grow at a CAGR of 6.7% from 2025 to 2030.
Silicon Carbide Fibers Market: The global silicon carbide fibers market size was valued at USD 1.20 billion in 2024 and is projected to grow at a CAGR of 28.1% from 2025 to 2030.
Heat Pump Market Segmentation
Grand View Research has segmented the global heat pump market based on technology, capacity, operation type, application, and region:
Heat Pump Technology Outlook (Revenue, USD Billion, 2018 - 2030)
Air Source
Air to Air
Air to Water
Water Source
Geothermal
Heat Pump Capacity Outlook (Revenue, USD Billion, 2018 - 2030)
Up to 10 kW
10-20 kW
20-50 kW
50-100 kW
100-200 kW
Above 200 kW
Heat Pump Operation Type Outlook (Revenue, USD Billion, 2018 - 2030)
Electric
Hybrid
Heat Pump Application Outlook (Revenue, USD Billion, 2018 - 2030)
Residential
Industrial
Commercial
Heat Pump Region Outlook (Revenue, USD Billion, 2018 - 2030)
North America
US
Canada
Mexico
Europe
Germany
France
Italy
Sweden
Norway
Spain
Finland
Asia Pacific
China
Japan
Australia
India
South Korea
Central & South America
Brazil
Argentina
Middle East & Africa
UAE
Saudi Arabia
Order a free sample PDF of the Heat Pump Market Intelligence Study, published by Grand View Research.
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Heat Pump Market Analysis, Opportunities And Forecast Report, 2030
The global heat pump market size is anticipated to reach USD 166.6 billion by 2030, expanding at a CAGR of 9.4% during the forecast period, according to a new report by Grand View Research, Inc. Favorable government policies for energy-efficient solutions and lowered carbon footprint are expected to boost the market growth over the forecast period. In addition, consumer-driven demand for energy-efficient heat pumps to reduce energy consumption and lower operating expenses are expected to benefit the overall market over the forecast period.
The emergence of climate and energy as a political priority has spurred an increased interest in heating and energy efficiency gains to be realized within buildings. Increasing disposable income has led to the growing demand for technologically advanced equipment and comfortable housing solutions, which is further projected to boost the demand for heat pumps. These factors are expected to play a vital role in driving the market growth.
Governments across the globe are becoming increasingly aware of the risks associated with fossil fuels and are adopting environment-friendly options. Furthermore, initiatives like the federal tax credit for new residential heat pumps in the U.S. was extended until the end of 2022. The California Energy Commission passed a new building energy code in August 2021, which encouraged the use of heat pumps for space and water heating in newly constructed buildings. All these aforementioned factors are expected to boost the demand for heat pumps in the coming years.
Gather more insights about the market drivers, restrains and growth of the Global Heat Pump Market
Heat Pump Market Report Highlights
In 2023, the air-source technology segment dominated with a revenue share of over 84.6%. The growth of this segment can be attributed to the benefits such as energy-efficient, low carbon emission, low maintenance, easy installation process, use in space heating and hot water, and high seasonal coefficient of performance
The residential application segment accounted for 86.0% of the global revenue share in 2023. Rapid urbanization coupled with increasing demand for energy-efficient products is expected to drive the demand for heat pumps in the residential sector
The industrial application segment is expected to witness a CAGR of 8.0% over the forecast period. The increasing number of new industrial facilities being established worldwide is fueling the global demand for heat pumps
Asia Pacific accounted for 52.6% of the global revenue share in 2023. The rising trend of shifting production bases to emerging economies, mainly China and India, is expected to positively influence the growth of the heat pump industry over the forecast period
In February 2023, Hitachi introduced the Yutaki M R32 monobloc air-to-water heat pump. Even in sub-zero temperatures, the 4-ton and 3-ton systems have 140°F heating capacity
In May 2022, Midea launched the EVOX heat pump system. The new product is available in six sizes from 1.5–5 tons. These are capable of 100% heating output at -20°C
Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.
Cobalt Market: The global cobalt market size was estimated at USD 16.96 billion in 2024 and is expected to grow at a CAGR of 6.7% from 2025 to 2030.
Silicon Carbide Fibers Market: The global silicon carbide fibers market size was valued at USD 1.20 billion in 2024 and is projected to grow at a CAGR of 28.1% from 2025 to 2030.
Heat Pump Market Segmentation
Grand View Research has segmented the global heat pump market based on technology, capacity, operation type, application, and region:
Heat Pump Technology Outlook (Revenue, USD Billion, 2018 - 2030)
Air Source
Air to Air
Air to Water
Water Source
Geothermal
Heat Pump Capacity Outlook (Revenue, USD Billion, 2018 - 2030)
Up to 10 kW
10-20 kW
20-50 kW
50-100 kW
100-200 kW
Above 200 kW
Heat Pump Operation Type Outlook (Revenue, USD Billion, 2018 - 2030)
Electric
Hybrid
Heat Pump Application Outlook (Revenue, USD Billion, 2018 - 2030)
Residential
Industrial
Commercial
Heat Pump Region Outlook (Revenue, USD Billion, 2018 - 2030)
North America
US
Canada
Mexico
Europe
Germany
France
Italy
Sweden
Norway
Spain
Finland
Asia Pacific
China
Japan
Australia
India
South Korea
Central & South America
Brazil
Argentina
Middle East & Africa
UAE
Saudi Arabia
Order a free sample PDF of the Heat Pump Market Intelligence Study, published by Grand View Research.
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Canada Acetylene, Propane and Propylene Market 2023-2030 "New study Report on upcoming trends" Koatsu Gas, Sichuan Vinylon, BASF, Linde, Airgas
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Industry Insights
The Global Air-Water Monobloc Heat Pumps Market is expected to grow at a CAGR of XX % during the forecast period 2018-2025.
The Global Air-Water Monobloc Heat Pumps Market is segmented on the basis of Type and Application. The Global Air-Water Monobloc Heat Pumps Market is segmented based on the basis of type Single-phase models, Three-phase models,. By Application, it is classified as Residential, Commercial, Industrial,. The regional outlook on the Global Air-Water Monobloc Heat Pumps Market covers regions, such as North America, Europe, Asia-Pacific, and Rest of the World. Global Air-Water Monobloc Heat Pumps Market for each region is further bifurcated for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
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#Air-Water Monobloc Heat Pumps Market#Air-Water Monobloc Heat Pumps Market industry#Air-Water Monobloc Heat Pumps Market Analysis#Air-Water Monobloc Heat Pumps Market Forecasts#Air-Water Monobloc Heat Pumps Market trends
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High Temperature Heat Pump Market Competitive Analysis 2021 to 2027
Global High Temperature Heat Pump Market report offers a precise outline of the market that includes many aspects of market product definition, market segmentation, analysis, key developments, and existing vendors’ state of the business. These High Temperature Heat Pump industry documents include key players and geographical markets that have adopted vital methodologies for business developments and growth. The consumer trust in precise and proper High Temperature Heat Pump information structures that is employed for analysis of the business Report 2020 has the aim to deliver a complete analysis of the High Temperature Heat Pump market. The report could assist you in coming up with worthy growth methods and additionally aware and indurate challenges.
Get | Download Sample Copy of the Report @ https://www.crystalmarketresearch.com/report-sample/CM1214104
The report covers the following key players in the High Temperature Heat Pump Market:
Top Companies which drives High Temperature Heat Pump Market Are:
MITSUBISHI ELECTRIC
JOHNSON CONTROLS
KOBE STEEL
OCHSNERENERGIETECHNIK
VICKING HEATING ENGINES
HYBRID ENERGY
CONHITHERM
MAYEKAWA
DURRTHERMEA
HIGH TEMPERATURE HEAT PUMP MARKET
Continue...
A complete report directed by Crystal Market Research gives a superior comprehension of the current market size, climate, and creation, status, and development openings from 2020 to 2027 for the worldwide High Temperature Heat Pump market. The report contains an itemized market assessment, recorded information, and gauges with a worthy series of expectations and approach. The exploration report incorporates classifications, for example, market portions, nations, and item types and dissemination channels to break down and illuminate. In presenting new items just as existing ones, the information canvassed in this report will assume a significant job.
Prominent Points in High Temperature Heat Pump Market Businesses Segmentation:
High Temperature Heat Pump Market, ByType, Estimates and Forecast, 2014-2025 ($Million)
Air tWater Cylinder Heat Pumps
Air tWater Monobloc Heat Pumps
Split air-to-water heat pumps
High Temperature Heat Pump Market, ByApplication, Estimates and Forecast, 2014-2025 ($Million)
Inverter Air Conditioner
Hybrid Vehicle (HV)
Smart Robot
Energy-saving Elevator
Wind Power
High Temperature Heat Pump Market
Regions & Countries Mentioned In The Global High Temperature Heat Pump Market Report::
North America Region
Europe Region
Asia-Pacific Region
South America Region
The Middle East & Africa Region
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High Temperature Heat Pump Market (covid-19 update) upcoming business reports on size, shares, stocks and many more | forecasting report 2026
The Global High Temperature Heat Pump Market covers in-depth business analysis, taking into account key market dynamics, forecasting parameters and price trends for industry growth. The report estimates market size at the global, regional and national levels, providing a comprehensive view of industry trends in each market sector and subsector from 2020 to 2025.
This Press Release will assist you with understanding the Volume, development with COVID19 Impact Analysis. Click HERE To get SAMPLE PDF (Including TOC, Table & Figures) at: https://introspectivemarketresearch.com/request/9611
Key Player Mentioned: Johnson Controls, Mitsubishi Electric, Kobe Steel, Vicking Heating Engines, Ochsner Energie Technik, Hybrid Energy, Mayekawa, Conhitherm, Durr Thermea, Friotherm, Star Refrigeration, GEA Refrigeration, Frigel, Bosch, Daikin, United Technologies, Oilon, Danfoss, ARANER, Fujitsu General, LG Electronics, Panasonic, Carrier, NIBE.
Product Segment Analysis: Air to Water Monobloc Heat Pumps, Air to Water Cylinder Heat Pumps, Groundwater Heat Pump, Split air-to-water heat pumps, Exhaust Air Heat Pumps and others
Application Segment Analysis: Papermaking Industrial, Food Industrial, Chemical, Automobile, Oil Refining Industrial, Metal Industrial, Others.
Regional Segment Analysis: North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain etc.), Asia-Pacific (China; India; Japan; Southeast Asia etc.), South America (Brazil; Argentina etc.), Middle East & Africa (Saudi Arabia; South Africa etc.)
New informational report on the Global High Temperature Heat Pump Market that helps to shape the future of your business through informed business decisions. It contributes a thorough investigation of different business viewpoints such as global market trends, recent technological advances, market share, scale and new innovations. In addition, this analytical data was collected through data exploration techniques such as primary and secondary studies. In addition, a team of experts illuminates the various static and dynamic aspects of the global High Temperature Heat Pump market.
Expanded rivalry between the organizational and non-organization sectors and high raw material costs are expected to curb future market growth. The developing interest in segment products and demand generation in globally will further accelerate market growth during the forecast period. This report covers all aspects of the High Temperature Heat Pump industry, including market sales, technical thinking, and business profiles.
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Analysis on Impact of Covid-19- Global Geothermal Heat Pump Market 2020-2024 | Evolving Opportunities with Danfoss AS and Mitsubishi Electric Corp. | Technavio
The global geothermal heat pump market is expected to grow by USD 9.5 billion as per Technavio. This marks a significant market slowdown compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of almost 9%. Request free sample pages
Read the 120-page report with TOC on "Geothermal Heat Pump Market Analysis Report by End-user (Residential and Non-residential) and Geography (APAC, Europe, MEA, North America, and South America), and the Segment Forecasts, 2020-2024".
https://www.technavio.com/report/global-geothermal-heat-pump-market-industry-analysis
The market is driven by the rise in global energy consumption. In addition, the emergence of building energy management system (BEMS) is anticipated to boost the growth of the geothermal heat pump market.
The rise in population, along with rapid economic growth across the world, is increasing the demand for energy. Emerging economies accounted for the majority share of the global electricity consumption. Among all developing nations, China recorded the largest increment in primary energy consumption. The growing demand for energy has led governments to increase emphasis on renewable energy. This, in turn, will pave the way for increased use of geothermal and hydrothermal heat pumps. Thus, the rising global energy consumption is expected to drive the growth of the geothermal heat pump market during the forecast period.
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Major Five Geothermal Heat Pump Companies:
Danfoss AS
Danfoss AS has business operations under various segments, such as Danfoss power solutions, Danfoss cooling, Danfoss drives, and Danfoss heating. The company offers heat pumps that use existing, external energy sources like brine, water or air for heating or cooling.
Mitsubishi Electric Corp.
Mitsubishi Electric Corp. operates its business through various segments, such as energy and electric systems, industrial automation systems, information and communication systems, home appliances, and other. The company's key offerings include Ecodan CRHV monobloc ground / water source heat pump system, which is capable of delivering the highest levels of COP efficiency throughout the year.
NIBE Industrier AB
NIBE Industrier AB has business operations under various segments, such as NIBE Climate Solutions, NIBE Element, and NIBE Stoves. The company's key offerings include NIBE S1255 PC, which is an intelligent, inverter-controlled ground source heat pump with integrated passive cooling and an integrated hot water tank.
Robert Bosch GmbH
Robert Bosch GmbH operates its business through various segments, such as mobility solutions, industrial technology, consumer goods, and energy and building technology. The company offers water-to-water, water-to-air, and air-to-air heat pump systems.
Stiebel Eltron (Aust) Pty. Ltd.
Stiebel Eltron (Aust) Pty. Ltd. has business operations under various segments, such as water heaters, heat pumps, ventilation, room heaters, and water filters. The company offers Geothermal Hydronic Heating Heat Pumps, which utilizes energy harvested from the ground to provide hydronic heating, cooling and even hot water.
Geothermal Heat Pump End-user Outlook (Revenue, USD bn, 2020-2024)
Residential
Non-residential
Geothermal Heat Pump Market Regional Outlook (Revenue, USD bn, 2020-2024)
APAC
Europe
MEA
North America
South America
Key leading countries
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Air source heat pumps: the perfect ‘zero emissions’ heating solution
Firebird’s Enviroair air source heat pump provides a compact and space saving solution
Heat pumps are a perfect heating solution for domestic newbuild properties
A System Controller runs an entire heating system
The Paris Climate Agreement, which was signed in 2015, requires the international community to limit the global temperature rise to 2°C above the pre-industrial climate.
As gas is the primary source of heating for around 85% of homes in the UK and accounts for more than one third of emissions, the government has committed to phase out gas boilers from 2020 to meet these targets.
In existing properties, gas boilers can still be used for as long as they work, but from 2020 cannot be installed in a new build property.
With up to 200,000 new homes set to get off the ground as the government confirms an £866 million investment in local housing projects, plus a further commitment to build 300,000 homes a year by the mid 2020’s, the industry needs to utilise a ‘zero emissions’ heating solution that provides a comparable alternative to gas.
Used extensively throughout Europe, air source heat pumps (ASHPs) provide the ideal renewable heating option as they are among the few technologies capable of meeting the expectations of consistent heating quality and cost-efficiency.
Lower running costs Although the installation cost of an ASHP remains higher than a gas boiler, they can be up to five times more efficient and their running costs are significantly lower.
From April this year, the government plans to relax rules on third party ownership of renewable technologies that are eligible for the Renewable Heat Incentive (RHI) scheme. This means that a developer will in effect be able to ‘own’ the heat pump and receive the RHI tariff of 10.18p/kWh for seven years, thereby off-setting the cost of the installation.
The first ASHPs that entered the market suffered a number of technical failures and quickly earnt a reputation for being unreliable and expensive to maintain.
This all changed with the introduction of ‘intelligent thinking’ ASHPs, such as the Firebird Enviroair range, which provide an entirely self-contained heating and hot water solution. Up to five times more efficient than a traditional gas boiler, the system is operated by easy-to-use, state-of-the-art wireless controls.
So how does an ASHP work? Put simply, a heat pump works by using a refrigeration process to transform low-grade energy from the outside air into high-grade energy.
This high-grade energy (heat) is automatically transferred to water, which is then ready to be used in a heating system, or for providing domestic hot water (up to 60°C). Even at temperatures as low as -20°C, an ASHP can supply significantly more energy than it uses. By taking advantage of thermodynamic processes, ASHPs provide more heat output than the energy input.
Cheaper to install than ground source heat pumps, every 1kW of electricity used to power a Firebird Enviroair ASHP is capable of providing up to 5kW of energy in a well-insulated home.
Tariff payments Microgeneration Certification Scheme (MCS) approved, the Enviroair ASHPs perform well, even at low temperatures and can return up to 33% more on tariff payments when compared to other ASHPs.
This outstanding energy efficiency is achieved by utilising cutting-edge DC Inverter Technology, which keeps temperature fluctuations to a minimum and ensures heat output matches the heating load of the property.
The heat requirement for a property should always be designed in accordance with MCS 3005 and the calculated heat requirement matched to the output of the heat pump. These high levels of efficiency can not only provide a significant reduction in heating bills for the homeowner, but can also save considerably on running costs.
Available in single phase outputs from 7.5 kW to 16kW, the Firebird Enviroair range provides a compact and space saving solution as a single Monobloc unit is installed outside the property.
Enviroair ASHPs are ideal for newbuild projects as they are easy to install and can be connected to radiators, underfloor heating (also in conjunction with radiators) and water heaters.
They also include a screed drying function which can speed up construction time on site and reduce costs. Operating via a System Controller that automatically runs the entire heating system, RF thermostats are incorporated for each heating zone ensuring desired temperatures are easily maintained.
Preventing legionella is an important consideration when designing hot water systems, particularly those which operate at lower temperatures than traditional systems.
Many ASHPs rely on the addition of a hot water boost kit to reach the required temperature of 60°C to run a weekly legionella prevention programme. This not only adds an extra component to the system, but increases energy use as the system then runs at a ratio of 1:1, for example for every 1 kW of electricity bought, 1 kW is then used.
With ASHPs, the legionella protection programme is built-in and automatically runs weekly, without the need for a hot water booster kit.
As the heating industry continues to face an increasingly uncertain future, there is at least one certainty – that ASHPs provide the perfect ‘zero emissions’ heating solution in terms of performance and cost-efficiency.
As such their adoption looks set to increase rapidly with the UK having its own developed ASHP in the not too distant future.
The post Air source heat pumps: the perfect ‘zero emissions’ heating solution appeared first on Heating & Plumbing Monthly Magazine (HPM).
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