Industrial Heat Pump Market By System, By Source, By Capacity, By End-Use Industry: Global Opportunity Analysis and Industry Forecast, 2021-2031

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Moderate bargaining power of suppliers
3.3.2. Moderate bargaining power of buyers
3.3.3. Moderate threat of substitutes
3.3.4. High threat of new entrants
3.3.5. Moderate intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Rise in demand for Industrial Heat Pumps
3.4.1.2. Rapid growth of the Food and Beverages industry
3.4.2. Restraints
3.4.2.1. Long payback period & shortages and low awareness of heat consumption in companies
3.4.3. Opportunities
3.4.3.1. Research & development toward high temperature Industrial Heat Pumps
3.5. COVID-19 Impact Analysis on the market

CHAPTER 4: INDUSTRIAL HEAT PUMP MARKET, BY SYSTEM
4.1. Overview
4.1.1. Market size and forecast
4.2. Closed Loop
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Open Cycle
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country

CHAPTER 5: INDUSTRIAL HEAT PUMP MARKET, BY SOURCE
5.1. Overview
5.1.1. Market size and forecast
5.2. Air
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Water
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Ground
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country

CHAPTER 6: INDUSTRIAL HEAT PUMP MARKET, BY CAPACITY
6.1. Overview
6.1.1. Market size and forecast
6.2. Less Than 500 kW
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. 500 kW to 2 MW
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4. 2 MW - 5 MW
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country
6.5. More Than 5 MW
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market share analysis by country

CHAPTER 7: INDUSTRIAL HEAT PUMP MARKET, BY END-USE INDUSTRY
7.1. Overview
7.1.1. Market size and forecast
7.2. Lumber Drying
7.2.1. Key market trends, growth factors and opportunities
7.2.2. Market size and forecast, by region
7.2.3. Market share analysis by country
7.3. Pulp and Paper Manufacturing
7.3.1. Key market trends, growth factors and opportunities
7.3.2. Market size and forecast, by region
7.3.3. Market share analysis by country
7.4. Petroleum Refining
7.4.1. Key market trends, growth factors and opportunities
7.4.2. Market size and forecast, by region
7.4.3. Market share analysis by country
7.5. Food and Beverages
7.5.1. Key market trends, growth factors and opportunities
7.5.2. Market size and forecast, by region
7.5.3. Market share analysis by country
7.6. Chemical
7.6.1. Key market trends, growth factors and opportunities
7.6.2. Market size and forecast, by region
7.6.3. Market share analysis by country
7.7. Utilities
7.7.1. Key market trends, growth factors and opportunities
7.7.2. Market size and forecast, by region
7.7.3. Market share analysis by country
7.8. District Heating
7.8.1. Key market trends, growth factors and opportunities
7.8.2. Market size and forecast, by region
7.8.3. Market share analysis by country
7.9. Others
7.9.1. Key market trends, growth factors and opportunities
7.9.2. Market size and forecast, by region
7.9.3. Market share analysis by country

CHAPTER 8: INDUSTRIAL HEAT PUMP MARKET, BY REGION
8.1. Overview
8.1.1. Market size and forecast By Region
8.2. North America
8.2.1. Key trends and opportunities
8.2.2. Market size and forecast, by System
8.2.3. Market size and forecast, by Source
8.2.4. Market size and forecast, by Capacity
8.2.5. Market size and forecast, by End-use Industry
8.2.6. Market size and forecast, by country
8.2.6.1. U.S.
8.2.6.1.1. Key market trends, growth factors and opportunities
8.2.6.1.2. Market size and forecast, by System
8.2.6.1.3. Market size and forecast, by Source
8.2.6.1.4. Market size and forecast, by Capacity
8.2.6.1.5. Market size and forecast, by End-use Industry
8.2.6.2. Canada
8.2.6.2.1. Key market trends, growth factors and opportunities
8.2.6.2.2. Market size and forecast, by System
8.2.6.2.3. Market size and forecast, by Source
8.2.6.2.4. Market size and forecast, by Capacity
8.2.6.2.5. Market size and forecast, by End-use Industry
8.2.6.3. Mexico
8.2.6.3.1. Key market trends, growth factors and opportunities
8.2.6.3.2. Market size and forecast, by System
8.2.6.3.3. Market size and forecast, by Source
8.2.6.3.4. Market size and forecast, by Capacity
8.2.6.3.5. Market size and forecast, by End-use Industry
8.3. Europe
8.3.1. Key trends and opportunities
8.3.2. Market size and forecast, by System
8.3.3. Market size and forecast, by Source
8.3.4. Market size and forecast, by Capacity
8.3.5. Market size and forecast, by End-use Industry
8.3.6. Market size and forecast, by country
8.3.6.1. Germany
8.3.6.1.1. Key market trends, growth factors and opportunities
8.3.6.1.2. Market size and forecast, by System
8.3.6.1.3. Market size and forecast, by Source
8.3.6.1.4. Market size and forecast, by Capacity
8.3.6.1.5. Market size and forecast, by End-use Industry
8.3.6.2. France
8.3.6.2.1. Key market trends, growth factors and opportunities
8.3.6.2.2. Market size and forecast, by System
8.3.6.2.3. Market size and forecast, by Source
8.3.6.2.4. Market size and forecast, by Capacity
8.3.6.2.5. Market size and forecast, by End-use Industry
8.3.6.3. Italy
8.3.6.3.1. Key market trends, growth factors and opportunities
8.3.6.3.2. Market size and forecast, by System
8.3.6.3.3. Market size and forecast, by Source
8.3.6.3.4. Market size and forecast, by Capacity
8.3.6.3.5. Market size and forecast, by End-use Industry
8.3.6.4. Spain
8.3.6.4.1. Key market trends, growth factors and opportunities
8.3.6.4.2. Market size and forecast, by System
8.3.6.4.3. Market size and forecast, by Source
8.3.6.4.4. Market size and forecast, by Capacity
8.3.6.4.5. Market size and forecast, by End-use Industry
8.3.6.5. UK
8.3.6.5.1. Key market trends, growth factors and opportunities
8.3.6.5.2. Market size and forecast, by System
8.3.6.5.3. Market size and forecast, by Source
8.3.6.5.4. Market size and forecast, by Capacity
8.3.6.5.5. Market size and forecast, by End-use Industry
8.3.6.6. Rest of Europe
8.3.6.6.1. Key market trends, growth factors and opportunities
8.3.6.6.2. Market size and forecast, by System
8.3.6.6.3. Market size and forecast, by Source
8.3.6.6.4. Market size and forecast, by Capacity
8.3.6.6.5. Market size and forecast, by End-use Industry
8.4. Asia-Pacific
8.4.1. Key trends and opportunities
8.4.2. Market size and forecast, by System
8.4.3. Market size and forecast, by Source
8.4.4. Market size and forecast, by Capacity
8.4.5. Market size and forecast, by End-use Industry
8.4.6. Market size and forecast, by country
8.4.6.1. China
8.4.6.1.1. Key market trends, growth factors and opportunities
8.4.6.1.2. Market size and forecast, by System
8.4.6.1.3. Market size and forecast, by Source
8.4.6.1.4. Market size and forecast, by Capacity
8.4.6.1.5. Market size and forecast, by End-use Industry
8.4.6.2. Japan
8.4.6.2.1. Key market trends, growth factors and opportunities
8.4.6.2.2. Market size and forecast, by System
8.4.6.2.3. Market size and forecast, by Source
8.4.6.2.4. Market size and forecast, by Capacity
8.4.6.2.5. Market size and forecast, by End-use Industry
8.4.6.3. India
8.4.6.3.1. Key market trends, growth factors and opportunities
8.4.6.3.2. Market size and forecast, by System
8.4.6.3.3. Market size and forecast, by Source
8.4.6.3.4. Market size and forecast, by Capacity
8.4.6.3.5. Market size and forecast, by End-use Industry
8.4.6.4. Australia
8.4.6.4.1. Key market trends, growth factors and opportunities
8.4.6.4.2. Market size and forecast, by System
8.4.6.4.3. Market size and forecast, by Source
8.4.6.4.4. Market size and forecast, by Capacity
8.4.6.4.5. Market size and forecast, by End-use Industry
8.4.6.5. South Korea
8.4.6.5.1. Key market trends, growth factors and opportunities
8.4.6.5.2. Market size and forecast, by System
8.4.6.5.3. Market size and forecast, by Source
8.4.6.5.4. Market size and forecast, by Capacity
8.4.6.5.5. Market size and forecast, by End-use Industry
8.4.6.6. Rest of Asia-Pacific
8.4.6.6.1. Key market trends, growth factors and opportunities
8.4.6.6.2. Market size and forecast, by System
8.4.6.6.3. Market size and forecast, by Source
8.4.6.6.4. Market size and forecast, by Capacity
8.4.6.6.5. Market size and forecast, by End-use Industry
8.5. LAMEA
8.5.1. Key trends and opportunities
8.5.2. Market size and forecast, by System
8.5.3. Market size and forecast, by Source
8.5.4. Market size and forecast, by Capacity
8.5.5. Market size and forecast, by End-use Industry
8.5.6. Market size and forecast, by country
8.5.6.1. Brazil
8.5.6.1.1. Key market trends, growth factors and opportunities
8.5.6.1.2. Market size and forecast, by System
8.5.6.1.3. Market size and forecast, by Source
8.5.6.1.4. Market size and forecast, by Capacity
8.5.6.1.5. Market size and forecast, by End-use Industry
8.5.6.2. South Africa,
8.5.6.2.1. Key market trends, growth factors and opportunities
8.5.6.2.2. Market size and forecast, by System
8.5.6.2.3. Market size and forecast, by Source
8.5.6.2.4. Market size and forecast, by Capacity
8.5.6.2.5. Market size and forecast, by End-use Industry
8.5.6.3. Saudi Arabia
8.5.6.3.1. Key market trends, growth factors and opportunities
8.5.6.3.2. Market size and forecast, by System
8.5.6.3.3. Market size and forecast, by Source
8.5.6.3.4. Market size and forecast, by Capacity
8.5.6.3.5. Market size and forecast, by End-use Industry
8.5.6.4. Rest of LAMEA
8.5.6.4.1. Key market trends, growth factors and opportunities
8.5.6.4.2. Market size and forecast, by System
8.5.6.4.3. Market size and forecast, by Source
8.5.6.4.4. Market size and forecast, by Capacity
8.5.6.4.5. Market size and forecast, by End-use Industry

CHAPTER 9: COMPETITIVE LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top player positioning, 2021

CHAPTER 10: COMPANY PROFILES
10.1. Mitsubishi Electric Corporation
10.1.1. Company overview
10.1.2. Key Executives
10.1.3. Company snapshot
10.1.4. Operating business segments
10.1.5. Product portfolio
10.1.6. Business performance
10.2. Daikin Industries Ltd.
10.2.1. Company overview
10.2.2. Key Executives
10.2.3. Company snapshot
10.2.4. Operating business segments
10.2.5. Product portfolio
10.2.6. Business performance
10.3. Carrier Global Corporation
10.3.1. Company overview
10.3.2. Key Executives
10.3.3. Company snapshot
10.3.4. Operating business segments
10.3.5. Product portfolio
10.3.6. Business performance
10.4. Johnson Controls, Inc.
10.4.1. Company overview
10.4.2. Key Executives
10.4.3. Company snapshot
10.4.4. Operating business segments
10.4.5. Product portfolio
10.4.6. Business performance
10.5. Danfoss A/S
10.5.1. Company overview
10.5.2. Key Executives
10.5.3. Company snapshot
10.5.4. Operating business segments
10.5.5. Product portfolio
10.5.6. Business performance
10.6. Ingersoll-Rand Inc.
10.6.1. Company overview
10.6.2. Key Executives
10.6.3. Company snapshot
10.6.4. Operating business segments
10.6.5. Product portfolio
10.6.6. Business performance
10.7. NIBE Industrier AB
10.7.1. Company overview
10.7.2. Key Executives
10.7.3. Company snapshot
10.7.4. Operating business segments
10.7.5. Product portfolio
10.7.6. Business performance
10.8. Emerson Electric Co.
10.8.1. Company overview
10.8.2. Key Executives
10.8.3. Company snapshot
10.8.4. Operating business segments
10.8.5. Product portfolio
10.8.6. Business performance
10.9. Robert Bosch
10.9.1. Company overview
10.9.2. Key Executives
10.9.3. Company snapshot
10.9.4. Operating business segments
10.9.5. Product portfolio
10.10. STIEBEL ELTRON GmbH and Co. KG
10.10.1. Company overview
10.10.2. Key Executives
10.10.3. Company snapshot
10.10.4. Operating business segments
10.10.5. Product portfolio

List of Tables
Table 01. Global Industrial Heat Pump Market, by System, 2021-2031 (Revenue, $Million)
Table 02. Industrial Heat Pump Market for Closed Loop, by Region, 2021-2031 (Revenue, $Million)
Table 03. Industrial Heat Pump Market for Open Cycle, by Region, 2021-2031 (Revenue, $Million)
Table 04. Global Industrial Heat Pump Market, by Source, 2021-2031 (Revenue, $Million)
Table 05. Industrial Heat Pump Market for Air, by Region, 2021-2031 (Revenue, $Million)
Table 06. Industrial Heat Pump Market for Water, by Region, 2021-2031 (Revenue, $Million)
Table 07. Industrial Heat Pump Market for Ground, by Region, 2021-2031 (Revenue, $Million)
Table 08. Global Industrial Heat Pump Market, by Capacity, 2021-2031 (Revenue, $Million)
Table 09. Industrial Heat Pump Market for Less Than 500 kW, by Region, 2021-2031 (Revenue, $Million)
Table 10. Industrial Heat Pump Market for 500 kW to 2 Mw, by Region, 2021-2031 (Revenue, $Million)
Table 11. Industrial Heat Pump Market for 2 Mw - 5 Mw, by Region, 2021-2031 (Revenue, $Million)
Table 12. Industrial Heat Pump Market for More Than 5 Mw, by Region, 2021-2031 (Revenue, $Million)
Table 13. Global Industrial Heat Pump Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 14. Industrial Heat Pump Market for Lumber Drying, by Region, 2021-2031 (Revenue, $Million)
Table 15. Industrial Heat Pump Market for Pulp and Paper Manufacturing, by Region, 2021-2031 (Revenue, $Million)
Table 16. Industrial Heat Pump Market for Petroleum Refining, by Region, 2021-2031 (Revenue, $Million)
Table 17. Industrial Heat Pump Market for Food and Beverages, by Region, 2021-2031 (Revenue, $Million)
Table 18. Industrial Heat Pump Market for Chemical, by Region, 2021-2031 (Revenue, $Million)
Table 19. Industrial Heat Pump Market for Utilities, by Region, 2021-2031 (Revenue, $Million)
Table 20. Industrial Heat Pump Market for District Heating, by Region, 2021-2031 (Revenue, $Million)
Table 21. Industrial Heat Pump Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 22. Industrial Heat Pump Market, by Region, 2021-2031 (Revenue, $Million)
Table 23. North America Industrial Heat Pump Market, by System, 2021-2031 (Revenue, $Million)
Table 24. North America Industrial Heat Pump Market, by Source, 2021-2031 (Revenue, $Million)
Table 25. North America Industrial Heat Pump Market, by Capacity, 2021-2031 (Revenue, $Million)
Table 26. North America Industrial Heat Pump Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 27. North America Industrial Heat Pump Market, by Country, 2021-2031 (Revenue, $Million)
Table 28. U.S. Industrial Heat Pump Market, by System, 2021-2031 (Revenue, $Million)
Table 29. U.S. Industrial Heat Pump Market, by Source, 2021-2031 (Revenue, $Million)
Table 30. U.S. Industrial Heat Pump Market, by Capacity, 2021-2031 (Revenue, $Million)
Table 31. U.S. Industrial Heat Pump Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 32. Canada Industrial Heat Pump Market, by System, 2021-2031 (Revenue, $Million)
Table 33. Canada Industrial Heat Pump Market, by Source, 2021-2031 (Revenue, $Million)
Table 34. Canada Industrial Heat Pump Market, by Capacity, 2021-2031 (Revenue, $Million)
Table 35. Canada Industrial Heat Pump Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 36. Mexico Industrial Heat Pump Market, by System, 2021-2031 (Revenue, $Million)
Table 37. Mexico Industrial Heat Pump Market, by Source, 2021-2031 (Revenue, $Million)
Table 38. Mexico Industrial Heat Pump Market, by Capacity, 2021-2031 (Revenue, $Million)
Table 39. Mexico Industrial Heat Pump Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 40. Europe Industrial Heat Pump Market, by System, 2021-2031 (Revenue, $Million)
Table 41. Europe Industrial Heat Pump Market, by Source, 2021-2031 (Revenue, $Million)
Table 42. Europe Industrial Heat Pump Market, by Capacity, 2021-2031 (Revenue, $Million)
Table 43. Europe Industrial Heat Pump Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 44. Europe Industrial Heat Pump Market, by Country, 2021-2031 (Revenue, $Million)
Table 45. Germany Industrial Heat Pump Market, by System, 2021-2031 (Revenue, $Million)
Table 46. Germany Industrial Heat Pump Market, by Source, 2021-2031 (Revenue, $Million)
Table 47. Germany Industrial Heat Pump Market, by Capacity, 2021-2031 (Revenue, $Million)
Table 48. Germany Industrial Heat Pump Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 49. France Industrial Heat Pump Market, by System, 2021-2031 (Revenue, $Million)
Table 50. France Industrial Heat Pump Market, by Source, 2021-2031 (Revenue, $Million)
Table 51. France Industrial Heat Pump Market, by Capacity, 2021-2031 (Revenue, $Million)
Table 52. France Industrial Heat Pump Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 53. Italy Industrial Heat Pump Market, by System, 2021-2031 (Revenue, $Million)
Table 54. Italy Industrial Heat Pump Market, by Source, 2021-2031 (Revenue, $Million)
Table 55. Italy Industrial Heat Pump Market, by Capacity, 2021-2031 (Revenue, $Million)
Table 56. Italy Industrial Heat Pump Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 57. Spain Industrial Heat Pump Market, by System, 2021-2031 (Revenue, $Million)
Table 58. Spain Industrial Heat Pump Market, by Source, 2021-2031 (Revenue, $Million)
Table 59. Spain Industrial Heat Pump Market, by Capacity, 2021-2031 (Revenue, $Million)
Table 60. Spain Industrial Heat Pump Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 61. UK Industrial Heat Pump Market, by System, 2021-2031 (Revenue, $Million)
Table 62. UK Industrial Heat Pump Market, by Source, 2021-2031 (Revenue, $Million)
Table 63. UK Industrial Heat Pump Market, by Capacity, 2021-2031 (Revenue, $Million)
Table 64. UK Industrial Heat Pump Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 65. Rest of Europe Industrial Heat Pump Market, by System, 2021-2031 (Revenue, $Million)
Table 66. Rest of Europe Industrial Heat Pump Market, by Source, 2021-2031 (Revenue, $Million)
Table 67. Rest of Europe Industrial Heat Pump Market, by Capacity, 2021-2031 (Revenue, $Million)
Table 68. Rest of Europe Industrial Heat Pump Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 69. Asia-Pacific Industrial Heat Pump Market, by System, 2021-2031 (Revenue, $Million)
Table 70. Asia-Pacific Industrial Heat Pump Market, by Source, 2021-2031 (Revenue, $Million)
Table 71. Asia-Pacific Industrial Heat Pump Market, by Capacity, 2021-2031 (Revenue, $Million)
Table 72. Asia-Pacific Industrial Heat Pump Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 73. Asia-Pacific Industrial Heat Pump Market, by Country, 2021-2031 (Revenue, $Million)
Table 74. China Industrial Heat Pump Market, by System, 2021-2031 (Revenue, $Million)
Table 75. China Industrial Heat Pump Market, by Source, 2021-2031 (Revenue, $Million)
Table 76. China Industrial Heat Pump Market, by Capacity, 2021-2031 (Revenue, $Million)
Table 77. China Industrial Heat Pump Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 78. Japan Industrial Heat Pump Market, by System, 2021-2031 (Revenue, $Million)
Table 79. Japan Industrial Heat Pump Market, by Source, 2021-2031 (Revenue, $Million)
Table 80. Japan Industrial Heat Pump Market, by Capacity, 2021-2031 (Revenue, $Million)
Table 81. Japan Industrial Heat Pump Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 82. India Industrial Heat Pump Market, by System, 2021-2031 (Revenue, $Million)
Table 83. India Industrial Heat Pump Market, by Source, 2021-2031 (Revenue, $Million)
Table 84. India Industrial Heat Pump Market, by Capacity, 2021-2031 (Revenue, $Million)
Table 85. India Industrial Heat Pump Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 86. Australia Industrial Heat Pump Market, by System, 2021-2031 (Revenue, $Million)
Table 87. Australia Industrial Heat Pump Market, by Source, 2021-2031 (Revenue, $Million)
Table 88. Australia Industrial Heat Pump Market, by Capacity, 2021-2031 (Revenue, $Million)
Table 89. Australia Industrial Heat Pump Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 90. South Korea Industrial Heat Pump Market, by System, 2021-2031 (Revenue, $Million)
Table 91. South Korea Industrial Heat Pump Market, by Source, 2021-2031 (Revenue, $Million)
Table 92. South Korea Industrial Heat Pump Market, by Capacity, 2021-2031 (Revenue, $Million)
Table 93. South Korea Industrial Heat Pump Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 94. Rest of Asia-Pacific Industrial Heat Pump Market, by System, 2021-2031 (Revenue, $Million)
Table 95. Rest of Asia-Pacific Industrial Heat Pump Market, by Source, 2021-2031 (Revenue, $Million)
Table 96. Rest of Asia-Pacific Industrial Heat Pump Market, by Capacity, 2021-2031 (Revenue, $Million)
Table 97. Rest of Asia-Pacific Industrial Heat Pump Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 98. LAMEA Industrial Heat Pump Market, by System, 2021-2031 (Revenue, $Million)
Table 99. LAMEA Industrial Heat Pump Market, by Source, 2021-2031 (Revenue, $Million)
Table 100. LAMEA Industrial Heat Pump Market, by Capacity, 2021-2031 (Revenue, $Million)
Table 101. LAMEA Industrial Heat Pump Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 102. LAMEA Industrial Heat Pump Market, by Country, 2021-2031 (Revenue, $Million)
Table 103. Brazil Industrial Heat Pump Market, by System, 2021-2031 (Revenue, $Million)
Table 104. Brazil Industrial Heat Pump Market, by Source, 2021-2031 (Revenue, $Million)
Table 105. Brazil Industrial Heat Pump Market, by Capacity, 2021-2031 (Revenue, $Million)
Table 106. Brazil Industrial Heat Pump Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 107. South Africa, Industrial Heat Pump Market, by System, 2021-2031 (Revenue, $Million)
Table 108. South Africa, Industrial Heat Pump Market, by Source, 2021-2031 (Revenue, $Million)
Table 109. South Africa, Industrial Heat Pump Market, by Capacity, 2021-2031 (Revenue, $Million)
Table 110. South Africa, Industrial Heat Pump Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 111. Saudi Arabia Industrial Heat Pump Market, by System, 2021-2031 (Revenue, $Million)
Table 112. Saudi Arabia Industrial Heat Pump Market, by Source, 2021-2031 (Revenue, $Million)
Table 113. Saudi Arabia Industrial Heat Pump Market, by Capacity, 2021-2031 (Revenue, $Million)
Table 114. Saudi Arabia Industrial Heat Pump Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 115. Rest of LAMEA Industrial Heat Pump Market, by System, 2021-2031 (Revenue, $Million)
Table 116. Rest of LAMEA Industrial Heat Pump Market, by Source, 2021-2031 (Revenue, $Million)
Table 117. Rest of LAMEA Industrial Heat Pump Market, by Capacity, 2021-2031 (Revenue, $Million)
Table 118. Rest of LAMEA Industrial Heat Pump Market, by End-use Industry, 2021-2031 (Revenue, $Million)
Table 119. Mitsubishi Electric Corporation: Key Executives
Table 120. Mitsubishi Electric Corporation: Company Snapshot
Table 121. Mitsubishi Electric Corporation: Product Segments
Table 122. Mitsubishi Electric Corporation: Product Portfolio
Table 123. Daikin Industries Ltd.: Key Executives
Table 124. Daikin Industries Ltd.: Company Snapshot
Table 125. Daikin Industries Ltd.: Product Segments
Table 126. Daikin Industries Ltd.: Product Portfolio
Table 127. Carrier Global Corporation: Key Executives
Table 128. Carrier Global Corporation: Company Snapshot
Table 129. Carrier Global Corporation: Product Segments
Table 130. Carrier Global Corporation: Product Portfolio
Table 131. Johnson Controls, Inc.: Key Executives
Table 132. Johnson Controls, Inc.: Company Snapshot
Table 133. Johnson Controls, Inc.: Product Segments
Table 134. Johnson Controls, Inc.: Product Portfolio
Table 135. Danfoss A/S: Key Executives
Table 136. Danfoss A/S: Company Snapshot
Table 137. Danfoss A/S: Product Segments
Table 138. Danfoss A/S: Product Portfolio
Table 139. Ingersoll-Rand Inc.: Key Executives
Table 140. Ingersoll-Rand Inc.: Company Snapshot
Table 141. Ingersoll-Rand Inc.: Product Segments
Table 142. Ingersoll-Rand Inc.: Product Portfolio
Table 143. Nibe Industrier Ab: Key Executives
Table 144. Nibe Industrier Ab: Company Snapshot
Table 145. Nibe Industrier Ab: Product Segments
Table 146. Nibe Industrier Ab: Product Portfolio
Table 147. Emerson Electric Co.: Key Executives
Table 148. Emerson Electric Co.: Company Snapshot
Table 149. Emerson Electric Co.: Product Segments
Table 150. Emerson Electric Co.: Product Portfolio
Table 151. Robert Bosch: Key Executives
Table 152. Robert Bosch: Company Snapshot
Table 153. Robert Bosch: Product Segments
Table 154. Robert Bosch: Product Portfolio
Table 155. Stiebel Eltron GmbH and Co. KG: Key Executives
Table 156. Stiebel Eltron GmbH and Co. KG: Company Snapshot
Table 157. Stiebel Eltron GmbH and Co. KG: Product Segments
Table 158. Stiebel Eltron GmbH and Co. KG: Product Portfolio

List of Figures
Figure 01. Industrial Heat Pump Market, 2021-2031
Figure 02. Segmentation of Industrial Heat Pump Market, 2021-2031
Figure 03. Top Investment Pockets in Industrial Heat Pump Market (2022-2031)
Figure 04. Moderate Bargaining Power of Suppliers
Figure 05. Moderate Bargaining Power of Buyers
Figure 06. Moderate Threat of Substitutes
Figure 07. High Threat of New Entrants
Figure 08. Moderate Intensity of Rivalry
Figure 09. Drivers, Restraints and Opportunities: Globalindustrial Heat Pump Market
Figure 10. Industrial Heat Pump Market, by System, 2021(%)
Figure 11. Comparative Share Analysis of Industrial Heat Pump Market for Closed Loop, by Country 2021-2031(%)
Figure 12. Comparative Share Analysis of Industrial Heat Pump Market for Open Cycle, by Country 2021-2031(%)
Figure 13. Industrial Heat Pump Market, by Source, 2021(%)
Figure 14. Comparative Share Analysis of Industrial Heat Pump Market for Air, by Country 2021-2031(%)
Figure 15. Comparative Share Analysis of Industrial Heat Pump Market for Water, by Country 2021-2031(%)
Figure 16. Comparative Share Analysis of Industrial Heat Pump Market for Ground, by Country 2021-2031(%)
Figure 17. Industrial Heat Pump Market, by Capacity, 2021(%)
Figure 18. Comparative Share Analysis of Industrial Heat Pump Market for Less Than 500 kW, by Country 2021-2031(%)
Figure 19. Comparative Share Analysis of Industrial Heat Pump Market for 500 kW to 2 Mw, by Country 2021-2031(%)
Figure 20. Comparative Share Analysis of Industrial Heat Pump Market for 2 Mw - 5 Mw, by Country 2021-2031(%)
Figure 21. Comparative Share Analysis of Industrial Heat Pump Market for More Than 5 Mw, by Country 2021-2031(%)
Figure 22. Industrial Heat Pump Market, by End-use Industry, 2021(%)
Figure 23. Comparative Share Analysis of Industrial Heat Pump Market for Lumber Drying, by Country 2021-2031(%)
Figure 24. Comparative Share Analysis of Industrial Heat Pump Market for Pulp and Paper Manufacturing, by Country 2021-2031(%)
Figure 25. Comparative Share Analysis of Industrial Heat Pump Market for Petroleum Refining, by Country 2021-2031(%)
Figure 26. Comparative Share Analysis of Industrial Heat Pump Market for Food and Beverages, by Country 2021-2031(%)
Figure 27. Comparative Share Analysis of Industrial Heat Pump Market for Chemical, by Country 2021-2031(%)
Figure 28. Comparative Share Analysis of Industrial Heat Pump Market for Utilities, by Country 2021-2031(%)
Figure 29. Comparative Share Analysis of Industrial Heat Pump Market for District Heating, by Country 2021-2031(%)
Figure 30. Comparative Share Analysis of Industrial Heat Pump Market for Others, by Country 2021-2031(%)
Figure 31. Industrial Heat Pump Market by Region, 2021
Figure 32. U.S. Industrial Heat Pump Market, 2021-2031 ($Million)
Figure 33. Canada Industrial Heat Pump Market, 2021-2031 ($Million)
Figure 34. Mexico Industrial Heat Pump Market, 2021-2031 ($Million)
Figure 35. Germany Industrial Heat Pump Market, 2021-2031 ($Million)
Figure 36. France Industrial Heat Pump Market, 2021-2031 ($Million)
Figure 37. Italy Industrial Heat Pump Market, 2021-2031 ($Million)
Figure 38. Spain Industrial Heat Pump Market, 2021-2031 ($Million)
Figure 39. UK Industrial Heat Pump Market, 2021-2031 ($Million)
Figure 40. Rest of Europe Industrial Heat Pump Market, 2021-2031 ($Million)
Figure 41. China Industrial Heat Pump Market, 2021-2031 ($Million)
Figure 42. Japan Industrial Heat Pump Market, 2021-2031 ($Million)
Figure 43. India Industrial Heat Pump Market, 2021-2031 ($Million)
Figure 44. Australia Industrial Heat Pump Market, 2021-2031 ($Million)
Figure 45. South Korea Industrial Heat Pump Market, 2021-2031 ($Million)
Figure 46. Rest of Asia-Pacific Industrial Heat Pump Market, 2021-2031 ($Million)
Figure 47. Brazil Industrial Heat Pump Market, 2021-2031 ($Million)
Figure 48. South Africa, Industrial Heat Pump Market, 2021-2031 ($Million)
Figure 49. Saudi Arabia Industrial Heat Pump Market, 2021-2031 ($Million)
Figure 50. Rest of LAMEA Industrial Heat Pump Market, 2021-2031 ($Million)
Figure 51. Top Winning Strategies, by Year
Figure 52. Top Winning Strategies, by Development
Figure 53. Top Winning Strategies, by Company
Figure 54. Product Mapping of Top 10 Players
Figure 55. Competitive Dashboard
Figure 56. Competitive Heatmap: Industrial Heat Pump Market
Figure 57. Top Player Positioning, 2021
Figure 58. Mitsubishi Electric Corporation: Research & Development Expenditure, 2020-2022
Figure 59. Mitsubishi Electric Corporation: Net Revenue, 2020-2022 ($Million)
Figure 60. Mitsubishi Electric Corporation: Revenue Share by Segment, 2022 (%)
Figure 61. Mitsubishi Electric Corporation: Revenue Share by Region, 2022 (%)
Figure 62. Daikin Industries Ltd.: Net Revenue, 2020-2022 ($Million)
Figure 63. Daikin Industries Ltd.: Revenue Share by Segment, 2022 (%)
Figure 64. Daikin Industries Ltd.: Revenue Share by Region, 2022 (%)
Figure 65. Carrier Global Corporation: Net Revenue, 2019-2021 ($Million)
Figure 66. Carrier Global Corporation: Revenue Share by Segment, 2021 (%)
Figure 67. Carrier Global Corporation: Revenue Share by Region, 2021 (%)
Figure 68. Johnson Controls, Inc.: Net Revenue, 2020-2022 ($Million)
Figure 69. Johnson Controls, Inc.: Revenue Share by Segment, 2022 (%)
Figure 70. Johnson Controls, Inc.: Revenue Share by Segment, 2022 (%)
Figure 71. Johnson Controls, Inc.: Revenue Share by Segment, 2022 (%)
Figure 72. Danfoss A/S: Net Revenue, 2019-2021 ($Million)
Figure 73. Danfoss A/S: Revenue Share by Segment, 2021 (%)
Figure 74. Danfoss A/S: Revenue Share by Region, 2021 (%)
Figure 75. Ingersoll-Rand Inc.: Net Revenue, 2019-2021 ($Million)
Figure 76. Ingersoll-Rand Inc.: Revenue Share by Segment, 2021 (%)
Figure 77. Ingersoll-Rand Inc.: Revenue Share by Region, 2021 (%)
Figure 78. Ingersoll-Rand Inc.: Revenue Share by Segment, 2021 (%)
Figure 79. Nibe Industrier Ab: Net Revenue, 2019-2021 ($Million)
Figure 80. Nibe Industrier Ab: Revenue Share by Segment, 2021 (%)
Figure 81. Nibe Industrier Ab: Revenue Share by Region, 2021 (%)
Figure 82. Emerson Electric Co.: Net Sales, 2020-2022 ($Million)
Figure 83. Emerson Electric Co.: Research & Development Expenditure, 2020-2022
Figure 84. Emerson Electric Co.: Revenue Share by Segment, 2021 (%)
Figure 85. Emerson Electric Co.: Revenue Share by Region, 2021 (%)

Executive Summary

According to the report titled, 'Industrial Heat Pump Market,' the industrial heat pump market was valued at $8.8 billion in 2021, and is estimated to reach $17.7 billion by 2031, growing at a CAGR of 7.7% from 2022 to 2031.

Heat pump is a cost-effective and effective solution for heat and cold generation. Heat pump raises the temperature by absorbing thermal energy from an existing low-temperature heat source and releasing it to a warmer area. Industrial heat pumps are able to generate large amount of heat with a limited amount of electricity by using heat sources compared to direct conversion of electricity to generate heat.

Moreover, the food and beverages industry continues to witness substantial growth due to advancements in manufacturing technologies over decades. This is attributed to rapid urbanization, which has boosted the demand for industrial heat pumps for combination of heating and cooling system in chocolate manufacturing process. Rapid urbanization resulted in the surge in food and beverages products, including chocolate, milk, drinks, sugar, and other products which, in turn, increased the demand for industrial heat pumps to fulfill combine cooling and heating system demand from food and beverage industries. This factor is anticipated to drive the growth of the industrial heat pumps market during the forecast period. Furthermore, the industrial heat pumps market in regions, such as Asia-Pacific, Middle-East, Latin America, and Europe, exhibits potential growth opportunities due to rise in demand for hot water heating from food and beverages consumers in these regions. This has resulted in surge in hot water consumption at enormous rate, which, in turn, augmented the demand for industrial heat pumps.

However, Industrial heat pumps require relatively higher investment cost while comparing to other alternative like oil and gas burners which is expected to restrain the growth of the industrial heat pumps market during the forecast period. In addition, several manufacturers have lessened awareness about the heating and cooling demands (heat consumption) requires for manufacturing process of chemicals, food, textiles, and others which in turn is anticipated to hamper the growth of the industrial heat pumps market during the analyzed time frame.

Moreover, availability of alternative for heating applications includes central gas fired boilers, geothermal heat pump, combined heat power, and others application are expected to hamper the growth of the market during the analyzed timeframe.

On the contrary, Significant development of the renewable energy sector is expected to have a positive impact on the growth of the industrial heat pumps market during the forecast period. Europe has registered the highest growth rate, owing to increase in investment toward renewable energy systems. Hot water heating systems are expected to meet the increase in demand for hot water from end users, which further fuels the demand for industrial heat pumps. Furthermore, governments across the globe promote eco-friendly heating systems to minimize carbon emissions from industrial energy systems and reduce the cost of electricity. Therefore, high-temperature heat pumps system is projected to drive the growth of the industrial heat pumps market during the analyzed time frame.

The industrial heat pumps market is segmented on the basis of system, source, capacity, end use industries, and region. Depending on system, the market is bifurcated into closed loop and open cycle. By source, it is divided into air, water, and ground. On the basis of capacity, it is fragmented into less than 500 kW, 500 kW to 2 MW, 2 MW - 5 MW, and more than 5 MW. By end use industries, it is categorized into lumber drying, pulp & paper manufacturing, petroleum refining, food & beverages, chemical, utilities, district heating, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Asia-pacific garnered a dominant share in 2021 and is anticipated to maintain this dominance in the industrial heat pumps market during the forecast period. This is attributed to presence of key players and huge consumer base in the region. The market analysis covers in-depth information of the major industrial heat pumps industry participants. The key players that operate in the market are profiled in the report, which include Daikin Industries Ltd, Johnson Controls, Inc., Danfoss A/S, NIBE Industrier AB, Robert Bosch, STIEBEL ELTRON GmbH and Co. KG, Carrier Global Corporation, Ingersoll-Rand Inc., Emerson Electric Co., and Mitsubishi Electric Corporation.

Key Market Insights

In 2021, the closed loop segment accounted for about 68.3% of the share in the global Industrial heat pumps market and is expected to maintain its dominance till the end of the forecast period.

In 2021, the air segment accounted for 57.7% Industrial heat pumps market share in the year 2021 and is anticipated to grow at a rate of 8.0% in terms of revenue, increasing its share in the global Industrial heat pumps market.

Less than 500 KW is the fastest-growing application segment in the global Industrial heat pumps market, expected to grow at a CAGR of 7.9% during 2022-2031.

Asia Pacific is expected to grow at the fastest rate, registering a CAGR of 8.4%, throughout the forecast period.

Companies Mentioned

• Daikin Industries Ltd.
• Johnson Controls, Inc.
• Danfoss A/S
• NIBE Industrier AB
• Robert Bosch
• STIEBEL ELTRON GmbH and Co. KG
• Carrier Global Corporation
• Ingersoll-Rand Inc.
• Emerson Electric Co.
• Mitsubishi Electric Corporation

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

• Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
• Scientific and technical writings for product information and related preemptions
• Regional government and statistical databases for macro analysis
• Authentic news articles and other related releases for market evaluation
• Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.