The Global Heat Pumps Market Report by The Business Research Company covers heat pumps market drivers and restraints, heat pumps market size, major players, and the impact of COVID-19 on the heat pumps market.

The heat pumps market consists of sales of heat pumps by entities (organizations, sole traders, and partnerships) that produce heat pumps which move heat from a cool space to a warm space, making the cool space cooler and the warm space warmer. Only goods and services traded between entities or sold to end consumers are included.

Government regulations and policies to improve energy efficiency are boosting the demand for renewable energy sources, thereby contributing to the growth of the heat pumps market. The global heat pumps market is expected to grow from $111.62 billion in 2020 to $116.55 billion in 2021 at a compound annual growth rate (CAGR) of 4.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $159.43 billion in 2025 at a CAGR of 8.1%.

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Some heat pumps market trends include major companies focusing on developing new technology for cost-effective heating. Heat pump manufacturers are developing new pump technologies including contractor-friendly designs, higher efficiencies, and innovative two-stage compressors that run at lower speeds, consume less energy, and are cost-effective.
Global heat pumps market segments include:

1) By Product Type: Air Source, Air-to-Air, Air-to-Water, Water Source, Ground Source.

2) By Rated Capacity:  Up to 10 kW, 10–20 kW, 20–30 kW, Above 30 kW.

3) By End User: Residential, Commercial, Industrial.

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Read More On The Heat Pumps Global Market Report 2021: COVID 19 Impact and Recovery to 2030 At:
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The Heat Pumps Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides heat pumps market overviews, analyzes and forecasts market size, share, heat pumps market players, heat pumps market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The heat pumps market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Where To Learn More:

Read Heat Pumps Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.

Market Players Covered: Daikin Industries Ltd., Carrier, NIBE, Mitsubishi Electric Corporation, LG, Johnson Controls, Hitachi, Robert Bosch GmbH, Stiebel Eltron, Ingersoll Rand, Glen Dimplex, The Viessmann Group, The Vaillant Group, Midea Group, Panasonic, Danfoss, United Technologies Corporation, WOLF, Flamingo Heat Pumps, Lennox, BDR Thermea Group, Mayekawa, Thermax Group, FUJITSU GENERAL.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Heat Pumps Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Heat Pumps Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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