The global large-scale natural refrigerant heat pump market is projected to reach USD 9.1 Billion by 2027 from an estimated market size of USD 5.8 Billion in 2022, at a CAGR of 9.4% during the forecast period. The market has a promising growth potential due to several factors, including the role of large-scale natural refrigerant heat pumps playing in carbon emission reduction and government incentives and regulations to improve energy efficiency.
Carbon dioxide (R-744) occurs naturally and can be produced on-site and can be used as both a secondary fluid with phase change and as a refrigerant in different heating and cooling applications. It is one of the best refrigerants used in industries for low-temperature applications. Carbon dioxide (R-744) can be used along with other natural refrigerants, such as hydrocarbon and ammonia. It is non-flammable and nontoxic in nature; hence, it is ideal for heat pumps used in the commercial as well as industrial sectors.
200–500 kW segment of the large-scale natural refrigerant heat pump market will be the fastest-growing segment during the forecast period. 200–500 kW segment majorly caters end users like commercial end-use such as hotel, malls, and retail stores. Growing educational infrastructure and hospitality spaces is propelling the demand for large-scale natural refrigerant heat pump.
The North America region is projected to be the fastest-growing market during the forecast period. The growth of the North American large-scale natural refrigerant heat pump market is expected to be driven by government-led initiatives to reduce air pollution caused by the conventional sources of energy used for heating in the commercial, and industrial sectors.
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
The large-scale natural refrigerant heat pumps market is dominated by a few globally established players such as Siemens Energy (Germany), Johnson Controls (Ireland), Emerson Electric Co. (US), GEA Group Aktiengesellschaft (Germany), and Mitsubishi Electric Corporation (Japan).
The report segments the large-scale natural refrigerant heat pump market and forecasts its size, based on region (Asia Pacific, Europe, North America, South America, and Middle East & Africa), Natural Refrigerants (Ammonia –(R717), Carbon dioxide (R-744), Hydrocarbons, Other Refrigerants), Capacity (20–200 kW, 200–500 kW, 500–1,000 kW, Above 1,000 kW), End Use (Commercial, Industrial).
The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the large-scale natural refrigerant heat pump market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market
Carbon dioxide (R-744) natural refrigerant heat pump: The fastest-growing segment of large-scale natural refrigerant heat pump market, by natural refrigerants
Carbon dioxide (R-744) occurs naturally and can be produced on-site and can be used as both a secondary fluid with phase change and as a refrigerant in different heating and cooling applications. It is one of the best refrigerants used in industries for low-temperature applications. Carbon dioxide (R-744) can be used along with other natural refrigerants, such as hydrocarbon and ammonia. It is non-flammable and nontoxic in nature; hence, it is ideal for heat pumps used in the commercial as well as industrial sectors.
200 – 500 kW: The fastest-growing segment of large-scale natural refrigerant heat pump market, by capacity
200–500 kW segment of the large-scale natural refrigerant heat pump market will be the fastest-growing segment during the forecast period. 200–500 kW segment majorly caters end users like commercial end-use such as hotel, malls, and retail stores. Growing educational infrastructure and hospitality spaces is propelling the demand for large-scale natural refrigerant heat pump.
North America: The fastest-growing region in the large-scale natural refrigerant heat pump market
The North America region is projected to be the fastest-growing market during the forecast period. The growth of the North American large-scale natural refrigerant heat pump market is expected to be driven by government-led initiatives to reduce air pollution caused by the conventional sources of energy used for heating in the commercial, and industrial sectors.
Breakdown of Primaries:
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows: - By Company Type: Tier I–65%, Tier II–24%, and Tier III–11%
- By Designation: C-Level–30%, Director Level–25%, and Others–45%
- By Region: Asia Pacific–34%, North America–27%, Europe–20%, South America–12%, Middle East & Africa–7%
The large-scale natural refrigerant heat pumps market is dominated by a few globally established players such as Siemens Energy (Germany), Johnson Controls (Ireland), Emerson Electric Co. (US), GEA Group Aktiengesellschaft (Germany), and Mitsubishi Electric Corporation (Japan).
Research Coverage:
The report segments the large-scale natural refrigerant heat pump market and forecasts its size, based on region (Asia Pacific, Europe, North America, South America, and Middle East & Africa), Natural Refrigerants (Ammonia –(R717), Carbon dioxide (R-744), Hydrocarbons, Other Refrigerants), Capacity (20–200 kW, 200–500 kW, 500–1,000 kW, Above 1,000 kW), End Use (Commercial, Industrial).The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the large-scale natural refrigerant heat pump market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Reasons for Buying the Report
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market Table of Contents
1 Introduction1.1 Study Objectives
1.2 Definition
1.2.1 Large-Scale Natural Refrigerant Heat Pump Market, by Natural Refrigerant: Inclusions & Exclusions
1.2.2 Large-Scale Natural Refrigerant Heat Pump Market, by Capacity: Inclusions & Exclusions
1.2.3 Large-Scale Natural Refrigerant Heat Pump Market, by End Use: Inclusions & Exclusions
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered
1.4 Currency
1.5 Limitation
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
Figure 1 Large-Scale Natural Refrigerant Heat Pump Market: Research Design
2.2 Market Breakdown and Data Triangulation
Figure 2 Data Triangulation Methodology
2.2.1 Secondary Data
2.2.1.1 Key Data from Secondary Sources
2.2.2 Primary Data
2.2.2.1 Key Data from Primary Sources
2.2.2.2 Breakdown of Primaries
Figure 3 Breakdown of Primary Interviews: by Company, Designation, and Region
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
2.3.2 Top-Down Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
2.3.3 Demand-Side Metrics
Figure 6 Main Metrics Considered for Analyzing and Assessing Demand for Large-Scale Natural Refrigerant Heat Pumps
2.3.3.1 Main Metrics Considered to Assess Demand for Large-Scale Natural Refrigerant Heat Pumps
2.3.3.2 Assumptions for Demand Side
2.3.3.3 Calculation for Demand Side
2.3.4 Supply-Side Analysis
Figure 7 Key Metrics Considered for Assessing Supply Side of Large-Scale Natural Heat Pump Market
Figure 8 Large-Scale Natural Refrigerant Heat Pump Market: Supply-Side Analysis
2.3.4.1 Calculations for Supply Side
2.3.4.2 Assumptions for Supply Side
Figure 9 Company Revenue Analysis, 2021
2.3.5 Forecast
3 Executive Summary
Table 1 Large-Scale Natural Refrigerant Heat Pump Market Snapshot
Figure 10 North America Held Largest Share of Large-Scale Natural Refrigerant Heat Pump Market in 2021
Figure 11 Carbon Dioxide (R-744) Segment Projected to Lead Large-Scale Natural Refrigerant Heat Pump Market, by Natural Refrigerant, in 2027
Figure 12 20-200 Kw Segment Projected to Hold Largest Share of Large-Scale Natural Refrigerant Heat Pump Market, by Capacity, in 2027
Figure 13 Industrial Segment Expected to Dominate Large-Scale Natural Refrigerant Heat Pump Market, by End Use, in 2027
4 Premium Insights
4.1 Attractive Opportunities in Large-Scale Natural Refrigerant Heat Pump Market
Figure 14 Contribution of Heat Pump Technology in Reducing Carbon Footprint to Boost Market Growth from 2022 to 2027
4.2 Large-Scale Natural Refrigerant Heat Pump Market, by Region
Figure 15 North America Large-Scale Natural Refrigerant Heat Pump Market to Exhibit Highest CAGR During Forecast Period
4.3 North America Large-Scale Natural Refrigerant Heat Pump Market, by End-Use and Country
Figure 16 Industrial End-Use and Us Held Largest Shares of Large-Scale Natural Refrigerant Heat Pump Market in North America in 2021
4.4 Large-Scale Natural Refrigerant Heat Pump Market, by Natural Refrigerant
Figure 17 Carbon Dioxide (R-744) to Account for Largest Market Share, by Natural Refrigerant, in 2027
4.5 Large-Scale Natural Refrigerant Heat Pump Market, by Capacity
Figure 18 20-200 Kw Segment to Hold Largest Market Share, by Capacity, in 2027
4.6 Large-Scale Natural Refrigerant Heat Pump Market, by End-Use
Figure 19 Industrial Segment to Dominate Large-Scale Natural Refrigerant Heat Pump Market, by End-Use, in 2027
5 Market Overview
5.1 Introduction
5.2 COVID-19 Health Assessment
Figure 20 COVID-19 Global Propagation
Figure 21 COVID-19 Propagation in Select Countries
5.3 COVID-19 Economic Assessment
Figure 22 Revised Gdp Forecasts for Select G20 Countries in 2020
5.4 Market Dynamics
Figure 23 Large-Scale Natural Refrigerant Heat Pump Market: Drivers, Restraints, Opportunities, and Challenges
5.4.1 Drivers
5.4.1.1 Increasing Visibility of Contribution of Heat Pump Technology in Reducing Carbon Footprint
5.4.1.2 Growing Focus on Improving Operational Efficiency in Industrial Sector
5.4.2 Restraints
5.4.2.1 Lack of Awareness Regarding Benefits of Heat Pumps and Heat Pump Standards Among System Vendors
5.4.3 Opportunities
5.4.3.1 Imposition of Carbon Tax in Multiple Countries
5.4.4 Challenges
5.4.4.1 Availability of Low-Cost Fossil Energy-Based Alternative Technologies
5.5 Impact of COVID 19 on Large-Scale Natural Refrigerant Heat Pump Market
5.6 Supply Chain Analysis
Figure 24 Large-Scale Natural Refrigerant Heat Pump Market: Supply Chain Analysis
Table 2 Large-Scale Natural Refrigerant Heat Pump Market: Supply Chain
5.6.1 Raw Material Suppliers
5.6.2 Original Equipment Manufacturers (Oems)
5.6.3 Distributors
5.6.4 End-Users
5.7 Market Map
Figure 25 Large-Scale Natural Refrigerant Heat Pump: Market Map
5.8 Technology Analysis
5.9 Innovations & Patent Registration
5.10 Key Conferences and Events in 2022 & 2023
Table 3 Large-Scale Natural Refrigerant Heat Pump Market: Detailed List of Conferences & Events
5.11 Trends/Disruptions Impacting Customers’ Businesses
5.11.1 Revenue Shift and New Revenue Pockets in Large-Scale Natural Refrigerant Heat Pump Market
Figure 26 Revenue Shift of Large-Scale Natural Refrigerant Heat Pump Providers
5.12 Case Study Analysis
5.12.1 Drammen District Heating: World's Largest Low Gwp Refrigerant Heat Pump
5.13 Trade Analysis
5.13.1 Export Scenario
Table 4 Export Scenario for Hs Code 8418, by Country, 2016-2020 (USD Thousand)
5.13.2 Import Scenario
Table 5 Import Scenario for Hs Code 8418, by Country, 2016-2020 (USD Thousand)
5.14 Porter's Five Forces Analysis
Figure 27 Large-Scale Natural Refrigerant Heat Pump Market: Porter's Five Forces Analysis
Table 6 Large-Scale Natural Refrigerant Heat Pump Market: Porter's Five Forces Analysis
5.14.1 Threat of New Entrants
5.14.2 Bargaining Power of Suppliers
5.14.3 Bargaining Power of Buyers
5.14.4 Threat of Substitutes
5.14.5 Intensity of Competitive Rivalry
5.15 Average Pricing Analysis
5.15.1 Large-Scale Natural Refrigerant Heat Pump: Indicative Capital Cost
5.16 Synthetic Refrigerant Vs Natural Refrigerant
Table 7 Comparison Between Synthetic Refrigerant and Natural Refrigerant
5.17 Installed Base of Large-Scale Natural Refrigerant Heat Pumps
Table 8 Installed Base for Heat Pumps, by Region, 2020 (Million Units)
Table 9 Adoption Rate of Large-Scale Natural Refrigerant Heat Pumps, by Region, 2020
Table 10 Installed Base for Large-Scale Natural Refrigerant Heat Pumps, by Region, 2020 (Thousand Units)
5.18 Large-Scale Natural Refrigerant Heat Pump Market: Regulatory Bodies
5.18.1 Regulatory Bodies, Government Agencies, and Other Organizations
Table 11 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 12 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 13 Global: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.19 Key Stakeholders & Buying Criteria
5.19.1 Key Stakeholders in Buying Process
Figure 28 Influence of Stakeholders in Buying Process, by End Use
Table 14 Influence of Stakeholders in Buying Process for End Use Segments (%)
5.19.2 Buying Criteria
Figure 29 Key Buying Criteria for End Use
Table 15 Key Buying Criteria for End-Use Segments
6 Large-Scale Natural Refrigerant Heat Pump Market, by Natural Refrigerant
6.1 Introduction
Figure 30 Large-Scale Natural Refrigerant Heat Pump Market, by Natural Refrigerant, 2021
Table 16 Large-Scale Natural Refrigerant Heat Pump Market, by Natural Refrigerant, 2020-2027 (USD Million)
6.2 Ammonia (R-717)
6.2.1 Low Charge Ammonia Technology is Driving Market for Ammonia (R-717)
Table 17 Ammonia (R-717): Large-Scale Natural Refrigerant Heat Pump Market, by Region, 2020-2027 (USD Million)
6.3 Carbon Dioxide (R-744)
6.3.1 Carbon Dioxide (R-744) Has High Volumetric Cooling Capacity
Table 18 Carbon Dioxide (R-744): Large-Scale Natural Refrigerant Heat Pump Market, by Region, 2020-2027 (USD Million)
6.4 Hydrocarbons
6.4.1 Hydrocarbons Have Unique Properties and Cooling Performance
Table 19 Hydrocarbons: Large-Scale Natural Refrigerant Heat Pump Market, by Region, 2020-2027 (USD Million)
6.5 Other Refrigerants
Table 20 Other Refrigerants: Large-Scale Natural Refrigerant Heat Pump Market, by Region, 2020-2027 (USD Million)
7 Large-Scale Natural Refrigerant Heat Pump Market, by Capacity
7.1 Introduction
Figure 31 Large-Scale Natural Refrigerant Heat Pump Market, by Capacity, 2021
Table 21 Large-Scale Natural Refrigerant Heat Pump Market, by Capacity, 2020-2027 (USD Million)
7.2 20-200 Kw
7.2.1 Increasing Use in Commercial Sector is Driving Market for 20-200 Kw Heat Pumps
Table 22 20-200 Kw: Large-Scale Natural Refrigerant Heat Pump Market, by Region, 2020-2027 (USD Million)
7.3 200-500 Kw
7.3.1 200-500 Kw Heat Pumps are Mainly Used in Light Commercial Industrial Sector
Table 23 200-500 Kw: Large-Scale Natural Refrigerant Heat Pump Market, by Region, 2020-2027 (USD Million)
7.4 500-1,000 Kw
7.4.1 500-1,000 Kw Heat Pumps are Chiefly Used in Industrial Sector
Table 24 500-1,000 Kw: Large-Scale Natural Refrigerant Heat Pump Market, by Region, 2020-2027 (USD Million)
7.5 Above 1,000 Kw
7.5.1 Focus on Reducing Operating Costs is Fueling Demand for Heat Pumps Above 1,000 Kw
Table 25 Above 1,000 Kw: Large-Scale Natural Refrigerant Heat Pump Market, by Region, 2020-2027 (USD Million)
8 Large-Scale Natural Refrigerant Heat Pump Market, by End Use
8.1 Introduction
Figure 32 Large-Scale Natural Refrigerant Heat Pump Market, by End Use, 2021
Table 26 Large-Scale Natural Refrigerant Heat Pump Market, by End Use, 2020-2027 (USD Million)
8.2 Commercial
Table 27 Commercial: Large-Scale Natural Refrigerant Heat Pump Market, by Region, 2020-2027 (USD Million)
Table 28 Commercial: Large-Scale Natural Refrigerant Heat Pump Market, by Commercial End Use, 2020-2027 (USD Million)
8.2.1 Educational Institutes
8.2.1.1 Adoption of Heat Pump Technology in Modern Education Infrastructure Fueling Market Growth
Table 29 Educational Institutes: Large-Scale Natural Refrigerant Heat Pump Commercial Market, by Region, 2020-2027 (USD Million)
8.2.2 Hospitality Spaces
8.2.2.1 Increasing Tourism Activities Driving Market Growth
Table 30 Hospitality Spaces: Large-Scale Natural Refrigerant Heat Pump Commercial Market, by Region, 2020-2027 (USD Million)
8.2.3 Other Commercial Buildings
Table 31 Other Commercial Buildings: Large-Scale Natural Refrigerant Heat Pump Commercial Market, by Region, 2020-2027 (USD Million)
8.3 Industrial
Table 32 Industrial: Large-Scale Natural Refrigerant Heat Pump Market, by Region, 2020-2027 (USD Million)
Table 33 Industrial: Large-Scale Natural Refrigerant Heat Pump Market, by Industrial End Use, 2020-2027 (USD Million)
8.3.1 Food & Beverages
8.3.1.1 Increasing Demand for Packed Food Projected to Fuel Market Growth
Table 34 Food & Beverages: Large-Scale Natural Refrigerant Heat Pump Industrial Market, by Region, 2020-2027 (USD Million)
8.3.2 Pulp & Paper
8.3.2.1 Rising Demand for Packaging is Boosting Market Growth
Table 35 Pulp & Paper: Large-Scale Natural Refrigerant Heat Pump Industrial Market, by Region, 2020-2027 (USD Million)
8.3.3 Chemicals & Petrochemicals
8.3.3.1 Transition Toward Sustainability and Decarbonization Goals Driving Market Growth
Table 36 Chemicals & Petrochemicals: Large-Scale Natural Refrigerant Heat Pump Industrial Market, by Region, 2020-2027 (USD Million)
8.3.4 Other Industries
Table 37 Other Industries: Large-Scale Natural Refrigerant Heat Pump Industrial Market, by Region, 2020-2027 (USD Million)
9 Regional Analysis
9.1 Introduction
Figure 33 Regional Snapshot: North America is Projected to Witness the Highest Growth During the Forecast Period
Figure 34 Large-Scale Natural Refrigerant Heat Pump Market, by Region, 2021
Table 38 Large-Scale Natural Refrigerant Heat Pump Market, by Region, 2020-2027 (USD Million)
Table 39 Large-Scale Natural Refrigerant Heat Pump Market, by Region, 2020-2027 (Thousand Units)
9.2 North America
Figure 35 North America: Large-Scale Natural Refrigerant Heat Pump Market Regional Snapshot
9.2.1 By Natural Refrigerant
Table 40 North America: Large-Scale Natural Refrigerant Heat Pump Market, by Natural Refrigerant, 2020-2027 (USD Million)
9.2.2 By Capacity
Table 41 North America: Large-Scale Natural Refrigerant Heat Pump Market, by Capacity, 2020-2027 (USD Million)
Table 42 20-200 Kw: North America Large-Scale Natural Refrigerant Heat Pump Market, by Country, 2020-2027 (USD Million)
Table 43 200-500 Kw: North America Large-Scale Natural Refrigerant Heat Pump Market, by Country, 2020-2027 (USD Million)
Table 44 500-1,000 Kw: North America Large-Scale Natural Refrigerant Heat Pump Market, by Country, 2020-2027 (USD Million)
Table 45 Above 1,000 Kw: North America Large-Scale Natural Refrigerant Heat Pump Market, by Country, 2020-2027 (USD Million)
9.2.3 By End Use
Table 46 North America: Large-Scale Natural Refrigerant Heat Pump Market, by End Use, 2020-2027 (USD Million)
Table 47 North America: Large-Scale Natural Refrigerant Heat Pump Market, by Commercial End Use, 2020-2027 (USD Million)
Table 48 North America: Large-Scale Natural Refrigerant Heat Pump Market, by Industrial End Use, 2020-2027 (USD Million)
Table 49 North America: Commercial Large-Scale Natural Refrigerant Heat Pump Market, by Country, 2020-2027 (USD Million)
Table 50 North America: Industrial Large-Scale Natural Refrigerant Heat Pump Market, by Country, 2020-2027 (USD Million)
9.2.4 By Country
Table 51 North America: Large-Scale Natural Refrigerant Heat Pump Market, by Country, 2020-2027 (USD Million)
9.2.4.1 US
9.2.4.1.1 Demand for Energy-Efficient Water Heating Systems from Commercial End-Users to Bolster Market Growth
Table 52 US: Large-Scale Natural Refrigerant Heat Pump Market, by Capacity, 2020-2027 (USD Million)
Table 53 US: Large-Scale Natural Refrigerant Heat Pump Market, by End Use, 2020-2027 (USD Million)
9.2.4.2 Canada
9.2.4.2.1 Focus on Adoption of Energy Wastage Reduction Technologies to Fuel Demand for Heat Pumps
Table 54 Canada: Large-Scale Natural Refrigerant Heat Pump Market, by Capacity, 2020-2027 (USD Million)
Table 55 Canada: Large-Scale Natural Refrigerant Heat Pump Market, by End Use, 2020-2027 (USD Million)
9.2.4.3 Mexico
9.2.4.3.1 Energy-Saving Initiatives to Drive Need for Heat Pumps
Table 56 Mexico: Large-Scale Natural Refrigerant Heat Pump Market, by Capacity, 2020-2027 (USD Million)
Table 57 Mexico: Large-Scale Natural Refrigerant Heat Pump Market, by End Use, 2020-2027 (USD Million)
9.3 Asia-Pacific
Figure 36 Asia-Pacific: Large-Scale Natural Refrigerant Heat Pump Market Snapshot
9.3.1 By Natural Refrigerant
Table 58 Asia-Pacific: Large-Scale Natural Refrigerant Heat Pump Market, by Natural Refrigerant, 2020-2027 (USD Million)
9.3.2 By Capacity
Table 59 Asia-Pacific: Large-Scale Natural Refrigerant Heat Pump Market, by Capacity, 2020-2027 (USD Million)
Table 60 20-200 Kw: Asia-Pacific Large-Scale Natural Refrigerant Heat Pump Market, by Country, 2020-2027 (USD Million)
Table 61 200-500 Kw: Asia-Pacific Large-Scale Natural Refrigerant Heat Pump Market, by Country, 2020-2027 (USD Million)
Table 62 500-1,000 Kw: Asia-Pacific Large-Scale Natural Refrigerant Heat Pump Market, by Country, 2020-2027 (USD Million)
Table 63 Above 1,000 Kw: Asia-Pacific Large-Scale Natural Refrigerant Heat Pump Market, by Country, 2020-2027 (USD Million)
9.3.3 By End Use
Table 64 Asia-Pacific: Large-Scale Natural Refrigerant Heat Pump Market, by End Use, 2020-2027 (USD Million)
Table 65 Asia-Pacific: Large-Scale Natural Refrigerant Heat Pump Market, by Commercial End Use, 2020-2027 (USD Million)
Table 66 Asia-Pacific: Large-Scale Natural Refrigerant Heat Pump Market, by Industrial End Use, 2020-2027 (USD Million)
Table 67 Asia-Pacific: Commercial Large-Scale Natural Refrigerant Heat Pump Market, by Country, 2020-2027 (USD Million)
Table 68 Asia-Pacific: Industrial Large-Scale Natural Refrigerant Heat Pump Market, by Country, 2020-2027 (USD Million)
9.3.4 By Country
Table 69 Asia-Pacific: Large-Scale Natural Refrigerant Heat Pump Market, by Country, 2020-2027 (USD Million)
9.3.4.1 China
9.3.4.1.1 Government Focus on Energy-Efficient Systems Fuels Demand for Large-Scale Natural Refrigerant Heat Pumps
Table 70 China: Large-Scale Natural Refrigerant Heat Pump Market, by Capacity, 2020-2027 (USD Million)
Table 71 China: Large-Scale Natural Refrigerant Heat Pump Market, by End Use, 2020-2027 (USD Million)
9.3.4.2 Japan
9.3.4.2.1 Energy Conservation Initiatives by Government to Augment Market Growth
Table 72 Japan: Large-Scale Natural Refrigerant Heat Pump Market, by Capacity, 2020-2027 (USD Million)
Table 73 Japan: Large-Scale Natural Refrigerant Heat Pump Market, by End Use, 2020-2027 (USD Million)
9.3.4.3 South Korea
9.3.4.3.1 Surging Demand for Energy-Efficient Heating Technology to Propel Market Growth
Table 74 South Korea: Large-Scale Natural Refrigerant Heat Pump Market, by Capacity, 2020-2027 (USD Million)
Table 75 South Korea: Large-Scale Natural Refrigerant Heat Pump Market, by End Use, 2020-2027 (USD Million)
9.3.4.4 Rest of Asia-Pacific
Table 76 Rest of Asia-Pacific: Large-Scale Natural Refrigerant Heat Pump Market, by Capacity, 2020-2027 (USD Million)
Table 77 Rest of Asia-Pacific: Large-Scale Natural Refrigerant Heat Pump Market, by End Use, 2020-2027 (USD Million)
9.4 Europe
9.4.1 By Natural Refrigerant
Table 78 Europe: Large-Scale Natural Refrigerant Heat Pump Market, by Natural Refrigerant, 2020-2027 (USD Million)
9.4.2 By Capacity
Table 79 Europe: Large-Scale Natural Refrigerant Heat Pump Market, by Capacity, 2020-2027 (USD Million)
9.4.3 By End Use
Table 80 Europe: Large-Scale Natural Refrigerant Heat Pump Market, by End Use, 2020-2027 (USD Million)
Table 81 Europe: Large-Scale Natural Refrigerant Heat Pump Market, by Commercial End Use, 2020-2027 (USD Million)
Table 82 Europe: Large-Scale Natural Refrigerant Heat Pump Market, by Industrial End Use, 2020-2027 (USD Million)
9.4.4 By Country
Table 83 Europe: Large-Scale Natural Refrigerant Heat Pump Market, by Country, 2020-2027 (USD Million)
9.4.4.1 Germany
9.4.4.1.1 Developments in Automotive, Mechanical Engineering, and Metal Processing Sectors to Drive Market Growth
Table 84 Germany: Large-Scale Natural Refrigerant Heat Pump Market, by Capacity, 2020-2027 (USD Million)
Table 85 Germany: Large-Scale Natural Refrigerant Heat Pump Market, by End Use, 2020-2027 (USD Million)
9.4.4.2 UK
9.4.4.2.1 Renewable Energy Transition to Propel Demand for Large-Scale Natural Refrigerant Heat Pumps
Table 86 UK: Large-Scale Natural Refrigerant Heat Pump Market, by Capacity, 2020-2027 (USD Million)
Table 87 UK: Large-Scale Natural Refrigerant Heat Pump Market, by End Use, 2020-2027 (USD Million)
9.4.4.3 France
9.4.4.3.1 Rising Utilization of Energy-Efficient Heating Systems to Boost Market Growth
Table 88 France: Large-Scale Natural Refrigerant Heat Pump Market, by Capacity, 2020-2027 (USD Million)
Table 89 France: Large-Scale Natural Refrigerant Heat Pump Market, by End Use, 2020-2027 (USD Million)
9.4.4.4 Rest of Europe
Table 90 Rest of Europe: Large-Scale Natural Refrigerant Heat Pump Market, by Capacity, 2020-2027 (USD Million)
Table 91 Rest of Europe: Large-Scale Natural Refrigerant Heat Pump Market, by End Use, 2020-2027 (USD Million)
9.5 South America
9.5.1 By Natural Refrigerant
Table 92 South America: Large-Scale Natural Refrigerant Heat Pump Market, by Natural Refrigerant, 2020-2027 (USD Million)
9.5.2 By Capacity
Table 93 South America: Large-Scale Natural Refrigerant Heat Pump Market, by Capacity, 2020-2027 (USD Million)
Table 94 20-200 Kw: South America Large-Scale Natural Refrigerant Heat Pump Market, by Country, 2020-2027 (USD Million)
Table 95 200-500 Kw: South America Large-Scale Natural Refrigerant Heat Pump Market, by Country, 2020-2027 (USD Million)
Table 96 500-1,000 Kw: South America Large-Scale Natural Refrigerant Heat Pump Market, by Country, 2020-2027 (USD Million)
Table 97 Above 1,000 Kw: South America Large-Scale Natural Refrigerant Heat Pump Market, by Country, 2020-2027 (USD Million)
9.5.3 By End Use
Table 98 South America: Large-Scale Natural Refrigerant Heat Pump Market, by End Use, 2020-2027 (USD Million)
Table 99 South America: Large-Scale Natural Refrigerant Heat Pump Market, by Commercial End Use, 2020-2027 (USD Million)
Table 100 South America: Large-Scale Natural Refrigerant Heat Pump Market, by Industrial End Use, 2020-2027 (USD Million)
Table 101 South America: Commercial Large-Scale Natural Refrigerant Heat Pump Market, by Country, 2020-2027 (USD Million)
Table 102 South America: Industrial Large-Scale Natural Refrigerant Heat Pump Market, by Country, 2020-2027 (USD Million)
9.5.4 By Country
Table 103 South America: Large-Scale Natural Refrigerant Heat Pump Market, by Country, 2020-2027 (USD Million)
9.5.4.1 Argentina
9.5.4.1.1 Government Initiatives to Promote Sustainability to Boost Market Growth
Table 104 Argentina: Large-Scale Natural Refrigerant Heat Pump Market, by Capacity, 2020-2027 (USD Million)
Table 105 Argentina: Large-Scale Natural Refrigerant Heat Pump Market, by End Use, 2020-2027 (USD Million)
9.5.4.2 Brazil
9.5.4.2.1 Transition Toward Clean Energy to Fuel Market Growth
Table 106 Brazil: Large-Scale Natural Refrigerant Heat Pump Market, by Capacity, 2020-2027 (USD Million)
Table 107 Brazil: Large-Scale Natural Refrigerant Heat Pump Market, by End Use, 2020-2027 (USD Million)
9.5.4.3 Rest of South America
Table 108 Rest of South America: Large-Scale Natural Refrigerant Heat Pump Market, by Capacity, 2020-2027 (USD Million)
Table 109 Rest of South America: Large-Scale Natural Refrigerant Heat Pump Market, by End Use, 2020-2027 (USD Million)
9.6 Middle East & Africa
9.6.1 By Natural Refrigerant
Table 110 Middle East & Africa: Large-Scale Natural Refrigerant Heat Pump Market, by Natural Refrigerant, 2020-2027 (USD Million)
9.6.2 By Capacity
Table 111 Middle East & Africa: Large-Scale Natural Refrigerant Heat Pump Market, by Capacity, 2020-2027 (USD Million)
Table 112 20-200Kw: Middle East & Africa Large-Scale Natural Refrigerant Heat Pump Market, by Country, 2020-2027 (USD Million)
Table 113 200-500 Kw: Middle East & Africa Large-Scale Natural Refrigerant Heat Pump Market, by Country, 2020-2027 (USD Million)
Table 114 500-1,000 Kw: Middle East & Africa Large-Scale Natural Refrigerant Heat Pump Market, by Country, 2020-2027 (USD Million)
Table 115 Above 1,000 Kw: Middle East & Africa Large-Scale Natural Refrigerant Heat Pump Market, by Country, 2020-2027 (USD Million)
9.6.3 By End Use
Table 116 Middle East & Africa: Large-Scale Natural Refrigerant Heat Pump Market, by End Use, 2020-2027 (USD Million)
Table 117 Middle East & Africa: Large-Scale Natural Refrigerant Heat Pump Market, by Commercial End Use, 2020-2027 (USD Million)
Table 118 Middle East & Africa: Large-Scale Natural Refrigerant Heat Pump Market, by Industrial End Use, 2020-2027 (USD Million)
Table 119 Middle East & Africa: Commercial Large-Scale Natural Refrigerant Heat Pump Market, by Country, 2020-2027 (USD Million)
Table 120 Middle East & Africa: Industrial Large-Scale Natural Refrigerant Heat Pump Market, by Country, 2020-2027 (USD Million)
9.6.4 By Country
Table 121 Middle East & Africa: Large-Scale Natural Refrigerant Heat Pump Market, by Country, 2020-2027 (USD Million)
9.6.4.1 Saudi Arabia
9.6.4.1.1 Increasing Investments in Industrial Sector to Boost Market Growth
Table 122 Saudi Arabia: Large-Scale Natural Refrigerant Heat Pump Market, by Capacity, 2020-2027 (USD Million)
Table 123 Saudi Arabia: Large-Scale Natural Refrigerant Heat Pump Market, by End Use, 2020-2027 (USD Million)
9.6.4.2 South Africa
9.6.4.2.1 Abundance of Natural Resources and Expansion of Transportation Sector to Support Market Growth
Table 124 South Africa: Large-Scale Natural Refrigerant Heat Pump Market, by Capacity, 2020-2027 (USD Million)
Table 125 South Africa: Large-Scale Natural Refrigerant Heat Pump Market, by End Use, 2020-2027 (USD Million)
9.6.4.3 Rest of Middle East & Africa
Table 126 Rest of Middle East & Africa: Large-Scale Natural Refrigerant Heat Pump Market, by Capacity, 2020-2027 (USD Million)
Table 127 Rest of Middle East & Africa: Large-Scale Natural Refrigerant Heat Pump Market, by End Use, 2020-2027 (USD Million)
10 Competitive Landscape
10.1 Overview
Figure 37 Key Developments in Large-Scale Natural Refrigerant Heat Pump Market, 2018 to 2022
10.2 Share Analysis of Key Players, 2021
Table 128 Large-Scale Natural Refrigerant Heat Pump Market: Degree of Competition
Figure 38 Share Analysis of Top Players in Large-Scale Natural Refrigerant Heat Pump Market, 2021
10.3 Market Evaluation Framework
Table 129 Market Evaluation Framework, 2018-2021
10.4 Segmental Revenue Analysis of Top Market Players, 2018-2021
Figure 39 Segmental Revenue Analysis, 2018-2021
10.5 Recent Developments
10.5.1 Deals
10.5.1.1 Large-Scale Natural Refrigerant Heat Pumps Market: Deals, 2018-2022
10.5.2 Others
10.5.2.1 Large-Scale Natural Refrigerant Heat Pump Market: Others, 2018-2022
10.6 Competitive Leadership Mapping
10.6.1 Star
10.6.2 Emerging Leader
10.6.3 Pervasive
10.6.4 Participant
Figure 40 Large-Scale Natural Refrigerant Heat Pump Market: Competitive Leadership Mapping, 2021
Table 130 Company Natural Refrigerant Footprint
Table 131 Company End Use Footprint
Table 132 Company Region Footprint
11 Company Profiles
11.1 Key Players
(Business Overview, Products Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
11.1.1 Siemens Energy
Table 133 Siemens Energy: Business Overview
Figure 41 Siemens Energy: Company Snapshot
Table 134 Siemens Energy: Deals
11.1.2 Johnson Controls
Table 135 Johnson Controls: Business Overview
Figure 42 Johnson Controls: Company Snapshot
Table 136 Johnson Controls: Deals
Table 137 Johnson Controls: Others
11.1.3 Emerson Electric Co.
Table 138 Emerson Electric Co.: Business Overview
Figure 43 Emerson Electric Co.: Company Snapshot
11.1.4 Gea Group Aktiengesellschaft
Table 139 Gea Group Aktiengesellschaft: Business Overview
Figure 44 Gea Group Aktiengesellschaft: Company Snapshot
Table 140 Gea Group Aktiengesellschaft: Others
11.1.5 Mitsubishi Electric Corporation
Table 141 Mitsubishi Electric Corporation: Business Overview
Figure 45 Mitsubishi Electric Corporation: Company Snapshot
Table 142 Mitsubishi Electric Corporation: Deals
11.1.6 Man Energy Solutions Se
Table 143 Man Energy Solutions Se: Business Overview
11.1.7 Guangdong Phnix Eco-Energy Solution Ltd.
Table 144 Guangdong Phnix Eco-Energy Solution Ltd.: Business Overview
11.1.8 Araner
Table 145 Araner: Business Overview
11.1.9 Star Refrigeration
Table 146 Star Refrigeration: Business Overview
11.1.10 Emicon Ac S.P.A.
Table 147 Emicon Ac S.P.A.: Business Overview
11.1.11 Clade Engineering Systems Ltd
Table 148 Clade Engineering Systems Ltd: Business Overview
11.1.12 Ago GmbH Energie + Anlagen
Table 149 Ago GmbH Energie + Anlagen: Business Overview
11.1.13 Lync
Table 150 Lync: Business Overview
11.1.14 Skadec GmbH
Table 151 Skadec GmbH: Business Overview
11.1.15 Bundgaard Refrigeration
Table 152 Bundgaard Refrigeration: Business Overview
11.2 Other Players
11.2.1 Mayekawa Mfg. Co. Ltd.
11.2.2 Fenagy A/S
11.2.3 Pure Thermal
11.2.4 Teko GmbH
11.2.5 Enerblue Sr
*Details on Business Overview, Products Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) Might Not be Captured in Case of Unlisted Companies.
12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: The Subscription Portal
12.4 Available Customizations
Companies Mentioned
- Ago GmbH Energie + Anlagen
- Araner
- Bundgaard Refrigeration
- Clade Engineering Systems Ltd
- Emerson Electric Co.
- Emicon Ac S.P.A.
- Fenagy A/S
- Gea Group Aktiengesellschaft
- Guangdong Phnix Eco-Energy Solution Ltd.
- Johnson Controls
- Lync
- Man Energy Solutions Se
- Mayekawa Mfg. Co. Ltd.
- Mitsubishi Electric Corporation
- Pure Thermal
- Siemens Energy
- Skadec GmbH
- Star Refrigeration
- Teko GmbH
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 174 |
| Published | May 2022 |
| Forecast Period | 2022 - 2027 |
| Estimated Market Value ( USD | $ 5.8 Billion |
| Forecasted Market Value ( USD | $ 9.1 Billion |
| Compound Annual Growth Rate | 9.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 19 |
