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Air Source Heat Pump Market 2024-2028

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    Report

  • 157 Pages
  • November 2023
  • Region: Global
  • TechNavio
  • ID: 5908902
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The air source heat pump market is forecasted to grow by USD 50.80 billion during 2023-2028, accelerating at a CAGR of 11.41% during the forecast period. The report on the air source heat pump market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing environmental concerns, rising energy costs and focus on energy-efficient technologies, and government incentives such as subsidies, tax credits, and rebates.

The air source heat pump market is segmented as below:

By Product

  • Air-to-water
  • Air-to-air

By Application

  • Residential
  • Industrial
  • Commercial

By Geographical Landscape

  • North America
  • Europe
  • APAC
  • South America
  • Middle East and Africa
This study identifies the integration of smart technology and Internet of Things (IoT) features into air source heat pump systems as one of the prime reasons driving the air source heat pump market growth during the next few years. Also, shift toward electrified heating solutions and growing interest in hybrid heat pump systems will lead to sizable demand in the market.

The report on the air source heat pump market covers the following areas:

  • Air source heat pump market sizing
  • Air source heat pump market forecast
  • Air source heat pump market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading air source heat pump market vendors that include A. O. Smith India Water Products Pvt. Ltd., Alibaba Group Holding Ltd., Ariston Holding NV, BDR Thermea Group, Carrier Global Corp., Colmac Industries Inc., Daikin Industries Ltd., Danfoss AS, Emerson Electric Co., Fujitsu General Ltd., Glen Dimplex Europe Holdings Ltd., Grant Engineering UK Ltd., Groupe Airwell, Haier Smart Home Co. Ltd., Hitachi Ltd., Ingersoll Rand Inc., Jaquar Group, Mitsubishi Electric Corp., NIBE Industrier AB, and Robert Bosch GmbH. Also, the air source heat pump market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Product
Exhibit 06: Executive Summary - Chart on Market Segmentation by Application
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global air source heat pump market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global air source heat pump market 2018 - 2022 ($ billion)
4.2 Product Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Product Segment 2018 - 2022 ($ billion)
4.3 Application Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Product
6.1 Market segments
Exhibit 30: Chart on Product - Market share 2023-2028 (%)
Exhibit 31: Data Table on Product - Market share 2023-2028 (%)
6.2 Comparison by Product
Exhibit 32: Chart on Comparison by Product
Exhibit 33: Data Table on Comparison by Product
6.3 Air-to-water - Market size and forecast 2023-2028
Exhibit 34: Chart on Air-to-water - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on Air-to-water - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on Air-to-water - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Air-to-water - Year-over-year growth 2023-2028 (%)
6.4 Air-to-air - Market size and forecast 2023-2028
Exhibit 38: Chart on Air-to-air - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Air-to-air - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Air-to-air - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Air-to-air - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Product
Exhibit 42: Market opportunity by Product ($ billion)
Exhibit 43: Data Table on Market opportunity by Product ($ billion)
7 Market Segmentation by Application
7.1 Market segments
Exhibit 44: Chart on Application - Market share 2023-2028 (%)
Exhibit 45: Data Table on Application - Market share 2023-2028 (%)
7.2 Comparison by Application
Exhibit 46: Chart on Comparison by Application
Exhibit 47: Data Table on Comparison by Application
7.3 Residential - Market size and forecast 2023-2028
Exhibit 48: Chart on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibit 49: Data Table on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibit 50: Chart on Residential - Year-over-year growth 2023-2028 (%)
Exhibit 51: Data Table on Residential - Year-over-year growth 2023-2028 (%)
7.4 Industrial - Market size and forecast 2023-2028
Exhibit 52: Chart on Industrial - Market size and forecast 2023-2028 ($ billion)
Exhibit 53: Data Table on Industrial - Market size and forecast 2023-2028 ($ billion)
Exhibit 54: Chart on Industrial - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Industrial - Year-over-year growth 2023-2028 (%)
7.5 Commercial - Market size and forecast 2023-2028
Exhibit 56: Chart on Commercial - Market size and forecast 2023-2028 ($ billion)
Exhibit 57: Data Table on Commercial - Market size and forecast 2023-2028 ($ billion)
Exhibit 58: Chart on Commercial - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Commercial - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by Application
Exhibit 60: Market opportunity by Application ($ billion)
Exhibit 61: Data Table on Market opportunity by Application ($ billion)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 63: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 64: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 UK - Market size and forecast 2023-2028
Exhibit 95: Chart on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.11 Canada - Market size and forecast 2023-2028
Exhibit 99: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Canada - Year-over-year growth 2023-2028 (%)
9.12 Germany - Market size and forecast 2023-2028
Exhibit 103: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 107: Market opportunity By Geographical Landscape ($ billion)
Exhibit 108: Data Tables on Market opportunity By Geographical Landscape ($ billion)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 109: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 111: Overview on factors of disruption
11.4 Industry risks
Exhibit 112: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 113: Vendors covered
12.2 Market positioning of vendors
Exhibit 114: Matrix on vendor position and classification
12.3 A. O. Smith India Water Products Pvt. Ltd.
Exhibit 115: A. O. Smith India Water Products Pvt. Ltd. - Overview
Exhibit 116: A. O. Smith India Water Products Pvt. Ltd. - Product / Service
Exhibit 117: A. O. Smith India Water Products Pvt. Ltd. - Key offerings
12.4 Alibaba Group Holding Ltd.
Exhibit 118: Alibaba Group Holding Ltd. - Overview
Exhibit 119: Alibaba Group Holding Ltd. - Business segments
Exhibit 120: Alibaba Group Holding Ltd. - Key offerings
Exhibit 121: Alibaba Group Holding Ltd. - Segment focus
12.5 Ariston Holding NV
Exhibit 122: Ariston Holding NV - Overview
Exhibit 123: Ariston Holding NV - Product / Service
Exhibit 124: Ariston Holding NV - Key news
Exhibit 125: Ariston Holding NV - Key offerings
12.6 BDR Thermea Group
Exhibit 126: BDR Thermea Group - Overview
Exhibit 127: BDR Thermea Group - Product / Service
Exhibit 128: BDR Thermea Group - Key offerings
12.7 Carrier Global Corp.
Exhibit 129: Carrier Global Corp. - Overview
Exhibit 130: Carrier Global Corp. - Business segments
Exhibit 131: Carrier Global Corp. - Key news
Exhibit 132: Carrier Global Corp. - Key offerings
Exhibit 133: Carrier Global Corp. - Segment focus
12.8 Colmac Industries Inc.
Exhibit 134: Colmac Industries Inc. - Overview
Exhibit 135: Colmac Industries Inc. - Product / Service
Exhibit 136: Colmac Industries Inc. - Key offerings
12.9 Daikin Industries Ltd.
Exhibit 137: Daikin Industries Ltd. - Overview
Exhibit 138: Daikin Industries Ltd. - Business segments
Exhibit 139: Daikin Industries Ltd. - Key news
Exhibit 140: Daikin Industries Ltd. - Key offerings
Exhibit 141: Daikin Industries Ltd. - Segment focus
12.10 Danfoss AS
Exhibit 142: Danfoss AS - Overview
Exhibit 143: Danfoss AS - Business segments
Exhibit 144: Danfoss AS - Key news
Exhibit 145: Danfoss AS - Key offerings
Exhibit 146: Danfoss AS - Segment focus
12.11 Emerson Electric Co.
Exhibit 147: Emerson Electric Co. - Overview
Exhibit 148: Emerson Electric Co. - Business segments
Exhibit 149: Emerson Electric Co. - Key news
Exhibit 150: Emerson Electric Co. - Key offerings
Exhibit 151: Emerson Electric Co. - Segment focus
12.12 Glen Dimplex Europe Holdings Ltd.
Exhibit 152: Glen Dimplex Europe Holdings Ltd. - Overview
Exhibit 153: Glen Dimplex Europe Holdings Ltd. - Product / Service
Exhibit 154: Glen Dimplex Europe Holdings Ltd. - Key offerings
12.13 Groupe Airwell
Exhibit 155: Groupe Airwell - Overview
Exhibit 156: Groupe Airwell - Product / Service
Exhibit 157: Groupe Airwell - Key offerings
12.14 Jaquar Group
Exhibit 158: Jaquar Group - Overview
Exhibit 159: Jaquar Group - Product / Service
Exhibit 160: Jaquar Group - Key offerings
12.15 Mitsubishi Electric Corp.
Exhibit 161: Mitsubishi Electric Corp. - Overview
Exhibit 162: Mitsubishi Electric Corp. - Business segments
Exhibit 163: Mitsubishi Electric Corp. - Key news
Exhibit 164: Mitsubishi Electric Corp. - Key offerings
Exhibit 165: Mitsubishi Electric Corp. - Segment focus
12.16 NIBE Industrier AB
Exhibit 166: NIBE Industrier AB - Overview
Exhibit 167: NIBE Industrier AB - Business segments
Exhibit 168: NIBE Industrier AB - Key news
Exhibit 169: NIBE Industrier AB - Key offerings
Exhibit 170: NIBE Industrier AB - Segment focus
12.17 Robert Bosch GmbH
Exhibit 171: Robert Bosch GmbH - Overview
Exhibit 172: Robert Bosch GmbH - Business segments
Exhibit 173: Robert Bosch GmbH - Key news
Exhibit 174: Robert Bosch GmbH - Key offerings
Exhibit 175: Robert Bosch GmbH - Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 176: Inclusions checklist
Exhibit 177: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 178: Currency conversion rates for US$
13.4 Research methodology
Exhibit 179: Research methodology
Exhibit 180: Validation techniques employed for market sizing
Exhibit 181: Information sources
13.5 List of abbreviations
Exhibit 182: List of abbreviations
List of Exhibits
Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Global Market Characteristics
Exhibits4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits5: Executive Summary - Chart on Market Segmentation by Product
Exhibits6: Executive Summary - Chart on Market Segmentation by Application
Exhibits7: Executive Summary - Chart on Incremental Growth
Exhibits8: Executive Summary - Data Table on Incremental Growth
Exhibits9: Executive Summary - Chart on Vendor Market Positioning
Exhibits10: Parent market
Exhibits11: Market Characteristics
Exhibits12: Offerings of vendors included in the market definition
Exhibits13: Market segments
Exhibits14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibits15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibits16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits18: Historic Market Size - Data Table on global air source heat pump market 2018 - 2022 ($ billion)
Exhibits19: Historic Market Size - Product Segment 2018 - 2022 ($ billion)
Exhibits20: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
Exhibits21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
Exhibits22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)
Exhibits23: Five forces analysis - Comparison between 2023 and 2028
Exhibits24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits26: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits27: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits28: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits29: Chart on Market condition - Five forces 2023 and 2028
Exhibits30: Chart on Product - Market share 2023-2028 (%)
Exhibits31: Data Table on Product - Market share 2023-2028 (%)
Exhibits32: Chart on Comparison by Product
Exhibits33: Data Table on Comparison by Product
Exhibits34: Chart on Air-to-water - Market size and forecast 2023-2028 ($ billion)
Exhibits35: Data Table on Air-to-water - Market size and forecast 2023-2028 ($ billion)
Exhibits36: Chart on Air-to-water - Year-over-year growth 2023-2028 (%)
Exhibits37: Data Table on Air-to-water - Year-over-year growth 2023-2028 (%)
Exhibits38: Chart on Air-to-air - Market size and forecast 2023-2028 ($ billion)
Exhibits39: Data Table on Air-to-air - Market size and forecast 2023-2028 ($ billion)
Exhibits40: Chart on Air-to-air - Year-over-year growth 2023-2028 (%)
Exhibits41: Data Table on Air-to-air - Year-over-year growth 2023-2028 (%)
Exhibits42: Market opportunity by Product ($ billion)
Exhibits43: Data Table on Market opportunity by Product ($ billion)
Exhibits44: Chart on Application - Market share 2023-2028 (%)
Exhibits45: Data Table on Application - Market share 2023-2028 (%)
Exhibits46: Chart on Comparison by Application
Exhibits47: Data Table on Comparison by Application
Exhibits48: Chart on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibits49: Data Table on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibits50: Chart on Residential - Year-over-year growth 2023-2028 (%)
Exhibits51: Data Table on Residential - Year-over-year growth 2023-2028 (%)
Exhibits52: Chart on Industrial - Market size and forecast 2023-2028 ($ billion)
Exhibits53: Data Table on Industrial - Market size and forecast 2023-2028 ($ billion)
Exhibits54: Chart on Industrial - Year-over-year growth 2023-2028 (%)
Exhibits55: Data Table on Industrial - Year-over-year growth 2023-2028 (%)
Exhibits56: Chart on Commercial - Market size and forecast 2023-2028 ($ billion)
Exhibits57: Data Table on Commercial - Market size and forecast 2023-2028 ($ billion)
Exhibits58: Chart on Commercial - Year-over-year growth 2023-2028 (%)
Exhibits59: Data Table on Commercial - Year-over-year growth 2023-2028 (%)
Exhibits60: Market opportunity by Application ($ billion)
Exhibits61: Data Table on Market opportunity by Application ($ billion)
Exhibits62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits63: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibits64: Data Table on Market share By Geographical Landscape 2023-2028 (%)
Exhibits65: Chart on Geographic comparison
Exhibits66: Data Table on Geographic comparison
Exhibits67: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibits68: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibits69: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibits70: Data Table on North America - Year-over-year growth 2023-2028 (%)
Exhibits71: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibits72: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibits73: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibits74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
Exhibits75: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibits76: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibits77: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibits78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
Exhibits79: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibits80: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibits81: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibits82: Data Table on South America - Year-over-year growth 2023-2028 (%)
Exhibits83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibits84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibits85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits87: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibits88: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibits89: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibits90: Data Table on US - Year-over-year growth 2023-2028 (%)
Exhibits91: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibits92: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibits93: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibits94: Data Table on China - Year-over-year growth 2023-2028 (%)
Exhibits95: Chart on UK - Market size and forecast 2023-2028 ($ billion)
Exhibits96: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Exhibits97: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibits98: Data Table on UK - Year-over-year growth 2023-2028 (%)
Exhibits99: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
Exhibits100: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
Exhibits101: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibits102: Data Table on Canada - Year-over-year growth 2023-2028 (%)
Exhibits103: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibits104: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibits105: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibits106: Data Table on Germany - Year-over-year growth 2023-2028 (%)
Exhibits107: Market opportunity By Geographical Landscape ($ billion)
Exhibits108: Data Tables on Market opportunity By Geographical Landscape ($ billion)
Exhibits109: Impact of drivers and challenges in 2023 and 2028
Exhibits110: Overview on Criticality of inputs and Factors of differentiation
Exhibits111: Overview on factors of disruption
Exhibits112: Impact of key risks on business
Exhibits113: Vendors covered
Exhibits114: Matrix on vendor position and classification
Exhibits115: A. O. Smith India Water Products Pvt. Ltd. - Overview
Exhibits116: A. O. Smith India Water Products Pvt. Ltd. - Product / Service
Exhibits117: A. O. Smith India Water Products Pvt. Ltd. - Key offerings
Exhibits118: Alibaba Group Holding Ltd. - Overview
Exhibits119: Alibaba Group Holding Ltd. - Business segments
Exhibits120: Alibaba Group Holding Ltd. - Key offerings
Exhibits121: Alibaba Group Holding Ltd. - Segment focus
Exhibits122: Ariston Holding NV - Overview
Exhibits123: Ariston Holding NV - Product / Service
Exhibits124: Ariston Holding NV - Key news
Exhibits125: Ariston Holding NV - Key offerings
Exhibits126: BDR Thermea Group - Overview
Exhibits127: BDR Thermea Group - Product / Service
Exhibits128: BDR Thermea Group - Key offerings
Exhibits129: Carrier Global Corp. - Overview
Exhibits130: Carrier Global Corp. - Business segments
Exhibits131: Carrier Global Corp. - Key news
Exhibits132: Carrier Global Corp. - Key offerings
Exhibits133: Carrier Global Corp. - Segment focus
Exhibits134: Colmac Industries Inc. - Overview
Exhibits135: Colmac Industries Inc. - Product / Service
Exhibits136: Colmac Industries Inc. - Key offerings
Exhibits137: Daikin Industries Ltd. - Overview
Exhibits138: Daikin Industries Ltd. - Business segments
Exhibits139: Daikin Industries Ltd. - Key news
Exhibits140: Daikin Industries Ltd. - Key offerings
Exhibits141: Daikin Industries Ltd. - Segment focus
Exhibits142: Danfoss AS - Overview
Exhibits143: Danfoss AS - Business segments
Exhibits144: Danfoss AS - Key news
Exhibits145: Danfoss AS - Key offerings
Exhibits146: Danfoss AS - Segment focus
Exhibits147: Emerson Electric Co. - Overview
Exhibits148: Emerson Electric Co. - Business segments
Exhibits149: Emerson Electric Co. - Key news
Exhibits150: Emerson Electric Co. - Key offerings
Exhibits151: Emerson Electric Co. - Segment focus
Exhibits152: Glen Dimplex Europe Holdings Ltd. - Overview
Exhibits153: Glen Dimplex Europe Holdings Ltd. - Product / Service
Exhibits154: Glen Dimplex Europe Holdings Ltd. - Key offerings
Exhibits155: Groupe Airwell - Overview
Exhibits156: Groupe Airwell - Product / Service
Exhibits157: Groupe Airwell - Key offerings
Exhibits158: Jaquar Group - Overview
Exhibits159: Jaquar Group - Product / Service
Exhibits160: Jaquar Group - Key offerings
Exhibits161: Mitsubishi Electric Corp. - Overview
Exhibits162: Mitsubishi Electric Corp. - Business segments
Exhibits163: Mitsubishi Electric Corp. - Key news
Exhibits164: Mitsubishi Electric Corp. - Key offerings
Exhibits165: Mitsubishi Electric Corp. - Segment focus
Exhibits166: NIBE Industrier AB - Overview
Exhibits167: NIBE Industrier AB - Business segments
Exhibits168: NIBE Industrier AB - Key news
Exhibits169: NIBE Industrier AB - Key offerings
Exhibits170: NIBE Industrier AB - Segment focus
Exhibits171: Robert Bosch GmbH - Overview
Exhibits172: Robert Bosch GmbH - Business segments
Exhibits173: Robert Bosch GmbH - Key news
Exhibits174: Robert Bosch GmbH - Key offerings
Exhibits175: Robert Bosch GmbH - Segment focus
Exhibits176: Inclusions checklist
Exhibits177: Exclusions checklist
Exhibits178: Currency conversion rates for US$
Exhibits179: Research methodology
Exhibits180: Validation techniques employed for market sizing
Exhibits181: Information sources
Exhibits182: List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the global air source heat pump market: A. O. Smith India Water Products Pvt. Ltd., Alibaba Group Holding Ltd., Ariston Holding NV, BDR Thermea Group, Carrier Global Corp., Colmac Industries Inc., Daikin Industries Ltd., Danfoss AS, Emerson Electric Co., Fujitsu General Ltd., Glen Dimplex Europe Holdings Ltd., Grant Engineering UK Ltd., Groupe Airwell, Haier Smart Home Co. Ltd., Hitachi Ltd., Ingersoll Rand Inc., Jaquar Group, Mitsubishi Electric Corp., NIBE Industrier AB, and Robert Bosch GmbH.

Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is integration of smart technology and internet of things (IoT) features into air source heat pump systems.'

According to the report, one of the major drivers for this market is the growing environmental concerns.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • A. O. Smith India Water Products Pvt. Ltd.
  • Alibaba Group Holding Ltd.
  • Ariston Holding NV
  • BDR Thermea Group
  • Carrier Global Corp.
  • Colmac Industries Inc.
  • Daikin Industries Ltd.
  • Danfoss AS
  • Emerson Electric Co.
  • Fujitsu General Ltd.
  • Glen Dimplex Europe Holdings Ltd.
  • Grant Engineering UK Ltd.
  • Groupe Airwell
  • Haier Smart Home Co. Ltd.
  • Hitachi Ltd.
  • Ingersoll Rand Inc.
  • Jaquar Group
  • Mitsubishi Electric Corp.
  • NIBE Industrier AB
  • Robert Bosch GmbH