Heat Pumps Global Market Opportunities And Strategies To 2033

Description

Heat pumps are devices that transfer heat energy from one location to another, typically from outside to inside a building, to provide heating and cooling. They are an integral part of the HVAC (Heating, Ventilation and Air Conditioning) industry and are used in various settings to maintain comfortable indoor temperatures and improve energy efficiency.

The heat pumps market consists of sales, by entities (organizations, sole traders and partnerships), of heat pumps that primarily utilized by homeowners, commercial property managers and industrial facilities seeking sustainable and cost-effective climate control solutions.

The global heat pumps market was valued at $61,641.15 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 7.0%.

Increasing Focus On Renewable Energy

During the historic period, an increasing focus on renewable energy supported the growth of the heat pumps market. Heat pumps represent a highly energy-efficient solution that aligns with global sustainability and renewable energy objectives. As governments and organizations increasingly prioritize renewable energy sources and aim to reduce carbon emissions, heat pumps have emerged as a compelling choice due to their superior efficiency and reduced environmental impact compared to conventional heating systems. According to reports published by the European Environment Agency, a Denmark-based government organization, the share of renewable energy in the European Union reached 22.5% in 2022, representing a slight increase of 0.6% compared to 2021. Renewable consumption saw a modest growth of 1.4 million metric tons of oil equivalent (Mtoe) between 2021 and 2022. Therefore, increasing focus on renewable energy drove the growth of the heat pumps market.

Revolutionizing Residential Heating With Advanced Digital Heat Pumps

Companies in the heat pumps market are focusing on revolutionizing residential heating with advanced digital heat pumps which contribute to the reduction of carbon emissions and promote sustainable energy use. For example, in March 2024, Aira, a Sweden-based clean energy technology company, introduced an advanced heat pump designed to accelerate the electrification of residential heating across Europe. This cutting-edge heat pump adopts a digital-first approach, enabling customers to manage all settings through a thermostat and smart app from any location. It incorporates 'Aira Intelligence,' a suite of smart, connected features that adapts to customers' routines to optimize heating and hot water schedules. This intelligent system offers up to 40% savings on heating costs and reduces household CO2 emissions by at least 75% from the outset.

The global heat pumps market is fairly concentrated, with large players operating in the market. The top ten competitors in the market made up to 26.93% of the total market in 2023.

Heat Pumps Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global heat pumps market as it emerges from the COVID-19 shut down.

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Where is the largest and fastest-growing market for heat pumps? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The heat pumps market global report from The Business Research Company answers all these questions and many more.

The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider heat pumps market; and compares it with other markets.

The report covers the following chapters

Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by product type, by rated capacity and by end user.
Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the heat pumps market.
Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by product type, by rated capacity and by end user in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
Other Major And Innovative Companies- Details on the company profiles of other major and innovative companies.
Competitive Dashboard- Briefs on competitive dashboard of major players.
Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
Conclusions And Recommendations- This section includes recommendations for heat pumps providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.

Markets Covered:

1) By Product Type: Air Source; Water Source; Ground Source
2) By Rated Capacity: Up To 10 KW (Kilowatt); 10-20 KW; 20-30 KW; Above 30 KW
3) By End User: Residential; Commercial; Industrial
Companies Mentioned: Johnson Controls International plc; Carrier Corporation; Daikin Industries Ltd.; Hitachi Ltd.; Systemair AB
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time-series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; heat pumps indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Product Code: o&s1327

1 Executive Summary

1.1 Heat Pumps - Market Attractiveness And Macro Economic Landscape

2 Table Of Contents

3 List Of Tables

4 List Of Figures

5 Report Structure

6 Market Characteristics

6.1 General Market Definition
6.2 Summary
6.3 Heat Pumps Market Definition And Segmentations
6.4 Market Segmentation By Product Type
- 6.4.1 Air Source
- 6.4.2 Water Source
- 6.4.3 Ground Source
6.5 Market Segmentation By Rated Capacity
- 6.5.1 Up To 10 KW
- 6.5.2 10-20 KW
- 6.5.3 20-30 KW
- 6.5.4 Above 30 KW
6.6 Market Segmentation By End User
- 6.6.1 Residential
- 6.6.2 Commercial
- 6.6.3 Industrial

7 Major Market Trends

7.1 Innovative Plug-And-Play CO2 Heat Pumps For Commercial Use
7.2 Revolutionizing Residential Heating With Advanced Digital Heat Pumps
7.3 Introduction Of Advanced Commercial Air Source Heat Pumps
7.4 Focus On High-Efficiency Compact Heat Pumps With Superior Performance
7.5 Innovative Hybrid Solutions For Sustainable Home Heating
7.6 Focus On Enhanced User Experience With New Integrated Heat Pump Systems
7.7 New Heat Pump Series To Enhance Efficiency For Commercial Upgrades

8 Heat Pumps Market - Macro-Economic Scenario

8.1 COVID-19 Impact On The Heat Pumps Market
8.2 Impact Of The War In Ukraine On The Heat Pumps Market
8.3 Impact Of High Inflation On The Heat Pumps Market

9 Global Market Size and Growth

9.1 Market Size
9.2 Historic Market Growth, 2018 - 2023, Value ($ Million)
- 9.2.1 Market Drivers 2018 - 2023
- 9.2.2 Market Restraints 2018 - 2023
9.3 Forecast Market Growth, 2023 - 2028, 2033F Value ($ Million)
- 9.3.1 Market Drivers 2023 - 2028
- 9.3.2 Market Restraints 2023 - 2028

10 Global Heat Pumps Market Segmentation

10.1 Global Heat Pumps Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
10.2 Global Heat Pumps Market, Segmentation By Rated Capacity, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
10.3 Global Heat Pumps Market, Segmentation By End User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)

11 Heat Pumps Market, Regional and Country Analysis

11.1 Global Heat Pumps Market, By Region, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
11.2 Global Heat Pumps Market, By Country, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)

12 Asia-Pacific Market

12.1 Summary
12.2 Market Overview
- 12.2.1 Region Information
- 12.2.2 Market Information
- 12.2.3 Background Information
- 12.2.4 Government Initiatives
- 12.2.5 Regulations
- 12.2.6 Regulatory Bodies
- 12.2.7 Major Associations
- 12.2.8 Taxes Levied
- 12.2.9 Corporate Tax Structure
- 12.2.10 Investments
- 12.2.11 Major Companies
12.3 Asia-Pacific Heat Pumps Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.4 Asia-Pacific Heat Pumps Market, Segmentation By Rated Capacity, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.5 Asia-Pacific Heat Pumps Market, Segmentation By End User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.6 Asia-Pacific Heat Pumps Market: Country Analysis
12.7 China Market
12.8 Summary
12.9 Market Overview
- 12.9.1 Country Information
- 12.9.2 Market Information
- 12.9.3 Background Information
- 12.9.4 Government Initiatives
- 12.9.5 Regulations
- 12.9.6 Regulatory Bodies
- 12.9.7 Major Associations
- 12.9.8 Taxes Levied
- 12.9.9 Corporate Tax Structure
- 12.9.10 Investments
- 12.9.11 Major Companies
12.10 China Heat Pumps Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.11 China Heat Pumps Market, Segmentation By Rated Capacity, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.12 China Heat Pumps Market, Segmentation By End User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.13 India Market
12.14 India Heat Pumps Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.15 India Heat Pumps Market, Segmentation By Rated Capacity, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.16 India Heat Pumps Market, Segmentation By End User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.17 Japan Market
12.18 Japan Heat Pumps Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.19 Japan Heat Pumps Market, Segmentation By Rated Capacity, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.20 Japan Heat Pumps Market, Segmentation By End User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.21 Australia Market
12.22 Australia Heat Pumps Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.23 Australia Heat Pumps Market, Segmentation By Rated Capacity, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.24 Australia Heat Pumps Market, Segmentation By End User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.25 Indonesia Market
12.26 Indonesia Heat Pumps Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.27 Indonesia Heat Pumps Market, Segmentation By Rated Capacity, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.28 Indonesia Heat Pumps Market, Segmentation By End User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.29 South Korea Market
12.30 South Korea Heat Pumps Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.31 South Korea Heat Pumps Market, Segmentation By Rated Capacity, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.32 South Korea Heat Pumps Market, Segmentation By End User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)

13 Western Europe Market

13.1 Summary
13.2 Market Overview
- 13.2.1 Region Information
- 13.2.2 Market Information
- 13.2.3 Background Information
- 13.2.4 Government Initiatives
- 13.2.5 Regulations
- 13.2.6 Regulatory Bodies
- 13.2.7 Major Associations
- 13.2.8 Taxes Levied
- 13.2.9 Corporate Tax Structure
- 13.2.10 Investments
- 13.2.11 Major Companies
13.3 Western Europe Heat Pumps Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.4 Western Europe Heat Pumps Market, Segmentation By Rated Capacity, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.5 Western Europe Heat Pumps Market, Segmentation By End User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.6 Western Europe Heat Pumps Market: Country Analysis
13.7 UK Market
13.8 UK Heat Pumps Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.9 UK Heat Pumps Market, Segmentation By Rated Capacity, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.10 UK Heat Pumps Market, Segmentation By End User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.11 Germany Market
13.12 Germany Heat Pumps Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.13 Germany Heat Pumps Market, Segmentation By Rated Capacity, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.14 Germany Heat Pumps Market, Segmentation By End User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.15 France Market
13.16 France Heat Pumps Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.17 France Heat Pumps Market, Segmentation By Rated Capacity, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.18 France Heat Pumps Market, Segmentation By End User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.19 Italy Market
13.20 Italy Heat Pumps Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.21 Italy Heat Pumps Market, Segmentation By Rated Capacity, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.22 Italy Heat Pumps Market, Segmentation By End User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.23 Spain Market
13.24 Spain Heat Pumps Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.25 Spain Heat Pumps Market, Segmentation By Rated Capacity, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.26 Spain Heat Pumps Market, Segmentation By End User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)

14 Eastern Europe Market

14.1 Summary
14.2 Market Overview
- 14.2.1 Region Information
- 14.2.2 Market Information
- 14.2.3 Background Information
- 14.2.4 Government Initiatives
- 14.2.5 Regulations
- 14.2.6 Regulatory Bodies
- 14.2.7 Major Associations
- 14.2.8 Taxes Levied
- 14.2.9 Corporate Tax Structure
- 14.2.10 Investments
- 14.2.11 Major Companies
14.3 Eastern Europe Heat Pumps Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
14.4 Eastern Europe Heat Pumps Market, Segmentation By Rated Capacity, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
14.5 Eastern Europe Heat Pumps Market, Segmentation By End User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
14.6 Eastern Europe Heat Pumps Market: Country Analysis
14.7 Russia Market
14.8 Russia Heat Pumps Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
14.9 Russia Heat Pumps Market, Segmentation By Rated Capacity, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
14.10 Russia Heat Pumps Market, Segmentation By End User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)

15 North America Market

15.1 Summary
15.2 Market Overview
- 15.2.1 Region Information
- 15.2.2 Market Information
- 15.2.3 Background Information
- 15.2.4 Government Initiatives
- 15.2.5 Regulations
- 15.2.6 Regulatory Bodies
- 15.2.7 Major Associations
- 15.2.8 Taxes Levied
- 15.2.9 Corporate Tax Structure
- 15.2.10 Investments
- 15.2.11 Major Companies
15.3 North America Heat Pumps Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
15.4 North America Heat Pumps Market, Segmentation By Rated Capacity, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
15.5 North America Heat Pumps Market, Segmentation By End User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
15.6 North America Heat Pumps Market: Country Analysis
15.7 USA Market
15.8 Summary
15.9 Market Overview
- 15.9.1 Country Information
- 15.9.2 Market Information
- 15.9.3 Background Information
- 15.9.4 Government Initiatives
- 15.9.5 Regulations
- 15.9.6 Regulatory Bodies
- 15.9.7 Major Associations
- 15.9.8 Taxes Levied
- 15.9.9 Corporate Tax Structure
- 15.9.10 Investments
- 15.9.11 Major Companies
15.10 USA Heat Pumps Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
15.11 USA Heat Pumps Market, Segmentation By Rated Capacity, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
15.12 USA Heat Pumps Market, Segmentation By End User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
15.13 Canada Market
15.14 Canada Heat Pumps Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
15.15 Canada Heat Pumps Market, Segmentation By Rated Capacity, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
15.16 Canada Heat Pumps Market, Segmentation By End User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)

16 South America Market

16.1 Summary
16.2 Market Overview
- 16.2.1 Region Information
- 16.2.2 Market Information
- 16.2.3 Background Information
- 16.2.4 Government Initiatives
- 16.2.5 Regulations
- 16.2.6 Regulatory Bodies
- 16.2.7 Major Associations
- 16.2.8 Taxes Levied
- 16.2.9 Corporate Tax Structure
- 16.2.10 Major Companies
16.3 South America Heat Pumps Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
16.4 South America Heat Pumps Market, Segmentation By Rated Capacity, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
16.5 South America Heat Pumps Market, Segmentation By End User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
16.6 South America Heat Pumps Market: Country Analysis
16.7 Brazil Market
16.8 Brazil Heat Pumps Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
16.9 Brazil Heat Pumps Market, Segmentation By Rated Capacity, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
16.10 Brazil Heat Pumps Market, Segmentation By End User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)

17 Middle East Market

17.1 Summary
17.2 Market Overview
- 17.2.1 Region Information
- 17.2.2 Market Information
- 17.2.3 Background Information
- 17.2.4 Government Initiatives
- 17.2.5 Regulations
- 17.2.6 Regulatory Bodies
- 17.2.7 Major Associations
- 17.2.8 Taxes Levied
- 17.2.9 Corporate Tax Structure
- 17.2.10 Investments
- 17.2.11 Major Companies
17.3 Middle East Heat Pumps Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
17.4 Middle East Heat Pumps Market, Segmentation By Rated Capacity, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
17.5 Middle East Heat Pumps Market, Segmentation By End User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)

18 Africa Market

18.1 Summary
18.2 Market Overview
- 18.2.1 Region Information
- 18.2.2 Market Information
- 18.2.3 Background Information
- 18.2.4 Government Initiatives
- 18.2.5 Regulations
- 18.2.6 Regulatory Bodies
- 18.2.7 Major Associations
- 18.2.8 Taxes Levied
- 18.2.9 Corporate Tax Structure
- 18.2.10 Investments
- 18.2.11 Major Companies
18.3 Africa Heat Pumps Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
18.4 Africa Heat Pumps Market, Segmentation By Rated Capacity, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
18.5 Africa Heat Pumps Market, Segmentation By End User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)

19 Competitive Landscape And Company Profiles

19.1 Company Profiles
19.2 Johnson Controls International PLC
- 19.2.1 Company Overview
- 19.2.2 Products And Services
- 19.2.3 Business Strategy
- 19.2.4 Financial Overview
19.3 Carrier Global Corporation
- 19.3.1 Company Overview
- 19.3.2 Products And Services
- 19.3.3 Business Strategy
- 19.3.4 Financial Overview
19.4 Daikin Industries Ltd
- 19.4.1 Company Overview
- 19.4.2 Products And Services
- 19.4.3 Business Strategy
- 19.4.4 Financial Overview
19.5 Hitachi Ltd
- 19.5.1 Company Overview
- 19.5.2 Products And Services
- 19.5.3 Business Strategy
- 19.5.4 Financial Overview
19.6 Systemair AB
- 19.6.1 Company Overview
- 19.6.2 Products And Services
- 19.6.3 Financial Overview

20 Other Major And Innovative Companies

20.1 Trane Technologies plc
- 20.1.1 Company Overview
- 20.1.2 Products And Services
20.2 LG Electronics Inc
- 20.2.1 Company Overview
- 20.2.2 Products And Services
20.3 Panasonic Corporation
- 20.3.1 Company Overview
- 20.3.2 Products And Services
20.4 Mitsubishi Electric Corporation
- 20.4.1 Company Overview
- 20.4.2 Products And Services
20.5 Samsung Electronics Co. Ltd
- 20.5.1 Company Overview
- 20.5.2 Products And Services
20.6 Rheem Manufacturing Company
- 20.6.1 Company Overview
- 20.6.2 Products And Services
20.7 FlaktGroup Holding GmbH
- 20.7.1 Company Overview
- 20.7.2 Products And Services
20.8 Stiebel Eltron India Pvt. Ltd
- 20.8.1 Company Overview
- 20.8.2 Products And Services
20.9 Schwank Ltd
- 20.9.1 Company Overview
- 20.9.2 Products And Services
20.10 Guangdong New Energy Technology Development Co. Ltd
- 20.10.1 Company Overview
- 20.10.2 Products And Services
20.11 The Whalen Company
- 20.11.1 Company Overview
- 20.11.2 Products And Services
20.12 Fujitsu General Limited
- 20.12.1 Company Overview
- 20.12.2 Products And Services
20.13 Hitecsa
- 20.13.1 Company Overview
- 20.13.2 Products And Services
20.14 MTA S.p.A.
- 20.14.1 Company Overview
- 20.14.2 Products And Services
20.15 Teddington-France
- 20.15.1 Company Overview
- 20.15.2 Products And Services

21 Competitive Benchmarking

22 Competitive Dashboard

23 Key Mergers And Acquisitions

23.1 DAIKIN Acquired Robert Heath Heating
23.2 2G Energy AG Acquired NRGTEQ
23.3 Smart Metering Systems Acquired Evergreen Energy
23.4 Solex Thermal Science Acquired Econotherm
23.5 Solar A/S Acquired ThermoNova
23.6 Johnson Controls International PLC Acquired Hybrid Energy AS
23.7 Reliance Steel & Aluminum Acquired Merfish United
23.8 Boyd Acquired ThermaMasters

24 Opportunities And Strategies

24.1 Global Heat Pumps Market In 2028 - Countries Offering Most New Opportunities
24.2 Global Heat Pumps Market In 2028 - Segments Offering Most New Opportunities
24.3 Global Heat Pumps Market In 2028 - Growth Strategies
- 24.3.1 Market Trend Based Strategies
- 24.3.2 Competitor Strategies

25 Heat Pumps Market, Conclusions And Recommendations

25.1 Conclusions
25.2 Recommendations
- 25.2.1 Product
- 25.2.2 Place
- 25.2.3 Price
- 25.2.4 Promotion
- 25.2.5 People

26 Appendix

26.1 Geographies Covered
26.2 Market Data Sources
26.3 Research Methodology
26.4 Currencies
26.5 The Business Research Company
26.6 Copyright and Disclaimer