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Asia Pacific Residential Heat Pump Market Size, Share & Industry Trends Analysis Report By Power Source (Electric Powered and Gas Powered), By Type (Air Source, Geothermal, and Water Source), By Country and Growth Forecast, 2022 - 2028

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    Report

  • 83 Pages
  • June 2022
  • Region: Asia Pacific
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5636628
The Asia Pacific Residential Heat Pump Market is expected to witness market growth of 9.3% CAGR during the forecast period (2022-2028).

Two-speed compressors, unlike normal compressors that can only work at full capacity, enable residential heat pump to run close to the heating or cooling capacity required at any given external temperature, conserving energy and minimizing compressor wear. Zone control systems perform effectively with two-speed residential heat pump. Automatic dampers are used in zone control systems, which are commonly found in larger homes, to permit the residential heat pump to maintain separate rooms at various temperatures.

Indoor fans (blowers), outdoor blowers, both are supplied with changeable or dual-speed motors in some heat pump models. The variable-speed settings of these fans work to maintain an appropriate airflow, eliminating cool breezes and maximizing energy savings. Additionally, it lessens the noise the blower makes when operating at maximum capacity.

The rising disposable income of consumers in this region's developing countries is one of the key reasons driving the regional air conditioning systems market forward. Furthermore, the continued development of commercial and residential construction activities in China and India, as well as increasing consumer expenditure on luxury products, will drive the regional residential heat pump market forward.

The income of the regional market is expected to expand as a result of stiff rivalry from numerous Chinese producers who sell products at lower prices than global well-known brands. Furthermore, in a number of countries in this region, increased product availability combined with increasing electrification has increased the consumption for air conditioning systems. In addition, the growing building activity in this region's developing countries will help to promote regional market growth.

The China market dominated the Asia Pacific Residential Heat Pump Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $6,943.4 million by 2028. The Japan market is experiencing a CAGR of 8.7% during (2022-2028). Additionally, The India market is exhibiting a CAGR of 10% during (2022-2028).

Based on Power Source, the market is segmented into Electric Powered and Gas Powered. Based on Type, the market is segmented into Air Source, Geothermal, and Water Source. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Johnson Controls International PLC, Mitsubishi Electric Corporation, The Danfoss Group, Daikin Industries, Ltd., Carrier Global Corporation, Midea Group Co., Ltd., NIBE Industrier AB, Viessmann Group, Stiebel Eltron GmbH & Co. KG, The Glen Dimplex Group

Scope of the Study


Market Segments Covered in the Report:


By Power Source
  • Electric Powered
  • Gas Powered
By Type
  • Air Source
  • Geothermal
  • Water Source
By Country
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

Key Market Players


List of Companies Profiled in the Report:

  • Johnson Controls International PLC
  • Mitsubishi Electric Corporation
  • The Danfoss Group
  • Daikin Industries, Ltd.
  • Carrier Global Corporation
  • Midea Group Co., Ltd.
  • NIBE Industrier AB
  • Viessmann Group
  • Stiebel Eltron GmbH & Co. KG
  • The Glen Dimplex Group

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  • The highest number of Market tables and figures
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  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Residential Heat Pump Market, by Power Source
1.4.2 Asia Pacific Residential Heat Pump Market, by Type
1.4.3 Asia Pacific Residential Heat Pump Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenarios
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move (Product Launches and Product Expansions 2018, Mar - 2022, May) Leading Players
Chapter 4. Asia Pacific Residential Heat Pump Market by Power Source
4.1 Asia Pacific Electric Powered Market by Country
4.2 Asia Pacific Gas Powered Market by Country
Chapter 5. Asia Pacific Residential Heat Pump Market by Type
5.1 Asia Pacific Air Source Market by Country
5.2 Asia Pacific Geothermal Market by Country
5.3 Asia Pacific Water Source Market by Country
Chapter 6. Asia Pacific Residential Heat Pump Market by Country
6.1 China Residential Heat Pump Market
6.1.1 China Residential Heat Pump Market by Power Source
6.1.2 China Residential Heat Pump Market by Type
6.2 Japan Residential Heat Pump Market
6.2.1 Japan Residential Heat Pump Market by Power Source
6.2.2 Japan Residential Heat Pump Market by Type
6.3 India Residential Heat Pump Market
6.3.1 India Residential Heat Pump Market by Power Source
6.3.2 India Residential Heat Pump Market by Type
6.4 South Korea Residential Heat Pump Market
6.4.1 South Korea Residential Heat Pump Market by Power Source
6.4.2 South Korea Residential Heat Pump Market by Type
6.5 Singapore Residential Heat Pump Market
6.5.1 Singapore Residential Heat Pump Market by Power Source
6.5.2 Singapore Residential Heat Pump Market by Type
6.6 Malaysia Residential Heat Pump Market
6.6.1 Malaysia Residential Heat Pump Market by Power Source
6.6.2 Malaysia Residential Heat Pump Market by Type
6.7 Rest of Asia Pacific Residential Heat Pump Market
6.7.1 Rest of Asia Pacific Residential Heat Pump Market by Power Source
6.7.2 Rest of Asia Pacific Residential Heat Pump Market by Type
Chapter 7. Company Profiles
7.1 Johnson Controls International PLC
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments
7.1.5.1 Product Launches and Product Expansions
7.1.5.2 Acquisition and Mergers
7.2 Mitsubishi Electric Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments
7.2.5.1 Product Launches and Product Expansions
7.2.5.2 Geographical Expansions
7.3 The Danfoss Group
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.4 Daikin Industries, Ltd.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Regional & Segmental Analysis
7.4.4 Research & Development Expenses
7.4.5 Recent strategies and developments
7.4.5.1 Product Launches and Product Expansions
7.5 Carrier Global Corporation
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 Recent strategies and developments
7.5.5.1 Product Launches and Product Expansions
7.6 Midea Group Co., Ltd.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segment and Regional Analysis
7.6.4 Research & Development Expenses
7.6.5 Recent strategies and developments
7.6.5.1 Partnerships, Collaborations, and Agreements
7.6.5.2 Product Launches and Product Expansions
7.7 NIBE Industrier AB
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expenses
7.7.5 Recent strategies and developments
7.7.5.1 Product Launches and Product Expansions
7.7.5.2 Acquisition and Mergers
7.8 Viessmann Group
7.8.1 Company Overview
7.8.2 Recent strategies and developments
7.8.2.1 Product Launches and Product Expansions
7.9 Stiebel Eltron GmbH & Co. KG
7.9.1 Company Overview
7.10. The Glen Dimplex Group
7.10.1 Company Overview

Companies Mentioned

  • Johnson Controls International PLC
  • Mitsubishi Electric Corporation
  • The Danfoss Group
  • Daikin Industries, Ltd.
  • Carrier Global Corporation
  • Midea Group Co., Ltd.
  • NIBE Industrier AB
  • Viessmann Group
  • Stiebel Eltron GmbH & Co. KG
  • The Glen Dimplex Group

Methodology

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