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The impact of the COVID-19 pandemic in early 2020 affected the market for heat pumps heavily where the entire supply chain was affected. The curfew and lockdown procedures implemented across major economies of Asia-Pacific, Europe, and the US greatly affected the market, thereby affecting the new and replacement demands in the regions. As the countries which are estimated to be the major end-users for heat pumps were suffering from economic downfall, trade activities and shipping were also limited which created a gap in the overall value chain process. Only certain production houses were able to perform with the high level of restrictions in man force and production capacity.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Heat Pumps Market by Product Type
- Air Source
- Water Source
- Ground Source
Heat Pumps Market by Capacity
- <10KW
- 10KW-20KW
- >20W
Heat Pumps Market by End-User
- Commercial
- Industrial
- Residential
Regional Analysis
- North America
- US
- copyright
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- ASCLER
- BDR Thermea Group
- Carrier Corp.
- Daikin Industries, Ltd.
- Danfoss A/S
- Fujitsu General, Ltd.
- Glen Dimplex Deutschland GmbH
- GEA Group Aktiengesellschaft
- Hitachi Air Conditioning Co.
- Johnson Controls International plc
- Lennox International, Inc.
- LG Electronics, Inc.
- Mayekawa Mfg. Co., Ltd.
- Midea Group
- Mitsubishi Electric Corp.
- NIBE Industrier AB
- Panasonic Corp.
- Rheem Manufacturing Co.
- Robert Bosch GmbH
- Stiebel Eltron Group
- The Vaillant Group
- The Viessmann Group
- Thermax, Ltd.
- Trane Technologies Company, LLC
- WOLF GmbH
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the Heat Pumps market. Based on the availability of data, information related to the products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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