Heavy Duty Heat Pump Market Snapshot (2023 to 2033)

The global heavy-duty heat pump market is anticipated at US$ 3.1 billion in 2022. The sector is gaining pace as companies provide technologically improved tritium light sources with various integrated technologies.

As per FMI, the market is expected to garner a valuation of US$ 3.2 billion in 2023, recording a CAGR of 4.3% from 2023 to 2033. The market is likely to secure US$ 4.8 billion in 2033.

Data Points Key Statistics
Heavy Duty Heat Pump Market Size Value in 2023 US$ 3.2 billion
Heavy Duty Heat Pump Market Forecast Value in 2033 US$ 4.8 billion
Global Growth Rate  4.3%
Forecast Period 2023 to 2033

Don't pay for what you don't need

Customize your report by selecting specific countries or regions and save 30%!

Key Factors Shaping the Demand Outlook of the Heavy Duty Heat Pump Industry

  • Increasing demand for heat pumps in developing nations like India & China
  • Increasing investment in the construction and residential sector
  • The rapidly growing demand for renewable energy sources heat pumps
  • Advancements in heavy-duty heat pumps, particularly the development of new and more efficient heat pump technologies.

Opportunities in the Heavy-Duty Heat Pump Industry

  • Growing demand for heavy-duty heat pumps in the industrial sector
  • Opportunities for research and development to improve efficiency and affordability
  • Increased use of cost-effective manufacturing techniques and advanced raw material
  • Increased demand for safer energy storage systems in different industry vertices
Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Heavy Duty Heat Pump Market Revenue Analysis from 2018 to 2022 Vs Market Outlook for 2023 to 2033

Historical CAGR (2018 to 2022) 4.1%
Forecasted CAGR (2023 to 2033) 4.3 %

The heavy-duty heat market is expected to grow in the coming years driven primarily by increased demand for heating and cooling each year. Heavy-duty heat pumps provide heating and cooling for large-scale purposes such as residential parks, commercial buildings, such as district heating and cooling, data center, and other industrial CHPCs. Heavy-duty heat pumps can be air-source heat pumps, geothermal heat pumps, and absorption heat pumps.

The district heating and cooling industry, which comes under the commercial sector, is considered to be one of the key end users of hybrid as well as ground-source heavy-duty heat pumps. District heating and cooling will reduce excess carbon emissions as a result of employing high-efficiency and low-carbon heavy-duty heat pumps for the purpose of heating and cooling.

The increasing demand for heavy-duty heat pumps in different industries around the globe is creating high growth virtues for the growth in demand for heavy-duty heat pumps over the forecast period. According to Future Market Insights, the global market value is estimated to reach US$ 4.8 billion by 2033.

Which Drivers Underpin Tritium Light Source Industry Expansion?

The Growing Demand for Energy Efficient Systems for Heating and Cooling to Propel the Heavy Duty Heat Pump Market

Heavy-duty heat pumps are mostly used in residencies’ commercial and industrial industries. It also finds application in CHPCs for ensuring a seamless uninterrupted supply of heating and cooling.

The increasing concerns regarding environmental sustainability & energy security with the shifting trend for bio-based infrastructure will boost heavy-duty heat pump industry growth.

With the increasing demand for renewable energy sources, the use of heavy-duty heat pumps has become more widespread. Heavy-duty heat pumps offer significant cost saving over the traditional heating and cooling system in industries with high energy demand.

Increasing Urbanization to Propel the Growth of the Heavy-Duty Heat Pump Market

Changing climatic conditions, rapid urbanization, and demographic transformation lead to increased adoption of energy-efficient heat pumps, complementing the demand for the heavy-duty heat pump market during the forecast period. Heavy-duty heat pumps meet all the demands for heating and cooling for different industrial sectors.

Increasing demand for eco-friendly and technologically advanced devices for heating and cooling application is driving the demand for heavy-duty heat pumps. Increasing demand for heavy-duty heat pumps in different industry verticals such as the commercial sector due to their capacity to deliver constant heating supply.

Get the data you need at a Fraction of the cost

Personalize your report by choosing insights you need
and save 40%!

Heavy Duty Heat Pump Market Country-wise Insights

Why is the Demand Rising in the United States Heavy Duty Heat Pump Market?

 Increased Application of Energy-Efficient Systems to Drive the Growth of the Heavy-Duty Heat Pump Market in the United States

North America’s heavy-duty heat pump market is expected to accumulate a market share of 42% in 2022 and the trend is forecast to continue over the assessment period. The United States is considered to be the target market for heavy-duty heat pumps market due to the continuously growing construction industry in the region.

The increasing implementation of strict new regulations for buildings by the government drives market growth in the region. Additionally, the presence of a leading heavy-duty heat pump manufacturer in the region boosts the growth of the market.

How is Germany’s Market Helping Heavy-Duty Heat Pumps?

Increased Demand for Renewable Energy Sources Drives the Market Growth

The German heavy-duty heat pump market will witness appreciable growth on account of increasing demand for renewable energy & reliable sturdy and energy-efficient system which can reduce the electricity bill across the residential & commercial sectors. The main reason for this sudden rise in demand for the most efficient process for providing electricity.

Volatile fossil fuel prices along with growing concern about reducing the dependence on conventional heating sources for reducing carbon emissions are also key reasons for the growing demand for renewable energy

How Large is The Opportunity in China for Heavy Duty Heat Pump Market?

Increased Demand from Data Centres in The Country Boosts the Market Growth

FMI has projected China to remain one of the most lucrative markets throughout the forecast period. The market is anticipated to expand at a CAGR of 4.1% over the forecast period.  Forces such as urbanization, rapid economic expansion, and population growth in China are driving the demand for heating and cooling from data centers and district heating and cooling.

China is witnessing interest from international investors in the space for data centers and infrastructure. Heating and cooling are a must for industrial and commercial sectors which also need to use their residual heat to overcome frequent changes in temperature. Some districts in China suffer from extreme heat & cold, so to overcome this the use of heavy-duty heat pumps has become essential.

Category-wise Insights

Based on End-use Sector Which Heavy Duty Heat Pump Segment Will Remain Prominent?

Commercial Segment Remain Prominent During the Forecast Period

Based on the end-use sector the heavy-duty heat pump market is segmented into residential, commercial, Industrial, and CHPCs. The market accounted for by the heavy-duty heat pumps in the commercial end-use sector is higher as compared to other end-users.

The commercial sector accounts for over 40% of the total market share. This is followed by the residential & industrial end-use sectors which combined have a share of over 43% and lastly by CHPC

Which Power Source Dominates the Global Market?

Gas-Driven Heat Pump Segments Generate High Revenue

The gas-driven heat pump in the power source segment currently holds a higher value share than electric sources because electric technology will take ample time to be adapted by end-users in heavy-duty heat pump applications.

The electric source pumps have a higher CAGR whereas the conventional gas source heat pumps have moderate growth over the forecast period. The electric source segment is expected to account for a market share of 30.5% over the forecast period.

Which is the Preferred Type for Heavy Duty Heat Pump?

Ground Source Heat Pump Segment to Drive Market

Ground source heat pumps are highly sought after in the heavy-duty heat pump market. The segment is expected to cover nearly 30% of the global market by 2033.

The increasing use of these heat pumps in central building heating or Cooling system will drive sales in the category. Ground source heat pumps can be installed in the backyard of homes located nearly anywhere around the world. This is one of the chief attributes driving the sales in the category.

The Start-Up Ecosystem: How Key Players Are Opening Frontiers for Future Growth?

New players in the heavy-duty heat pump market are heavy-duty hydro,

 among others, which are adopting various marketing strategies such as new product launches, geographical expansion, mergers and acquisitions, partnerships, and collaboration to identify the interest of potential buyers and create a larger customer base. For instance

  • Founded in 2011- Heavy Duty Hydro is an online store to procure growing systems. Its product offerings include aquaponic tanks, bloom & veg systems in various sizes. The company designs and constructs its products using grow pods, lids, reservoirs, arterial aeration, tubing, pumps, and filters. It also offers optional configurations in the growing systems such as grow cage systems, fog systems, vortex imploder nozzle, and top feed systems. The company claims its products' sizes can be adjusted according to the need.

Who are the Leading Players in the Heavy Duty Heat Pump Market?

Prominent players in the heavy-duty heat pump market are Thermax Ltd, Star Refrigeration, and GEA Group. MAN Energy Solutions, Oilon OY, Siemens Energy, Johnson Controls, Friotherm AG, Engie Refrigeration GmbH, Daikin Industries, Enertech AB, and Mitsubishi Heavy Industries among others.

Leading players operating in the global heavy-duty heat pump market are focusing on intensive research and development for launching innovative products and services in the market.

Product innovation is the key strategy adopted by market players. Brand consciousness and aggressive marketing by top players however make it challenging for new entrants in this market.

The market players are also emphasizing offering heavy-duty heat pumps with high reliability and high performance. The market is benefiting from partnerships with a high focus on innovation.

  • In April 2022 - Daikin Industries, Ltd. announced the acquisition of Duplomatic MS S.p.A. The acquisition price is 220 million euros Acquisition is scheduled for completion in June 2022 when Daikin is expected to obtain all shares from Alcedo Sgr S.p.A., an Italian private equity firm, and the management of Duplomatic, after concluding all necessary procedures for acquisition
  • In February 2023- Fonterra and MAN Energy Solutions are entering a strategic partnership to reduce CO2 emissions in dairy production using climate-friendly heat pump technology for steam generation.
  • CTC has two types of air-to-water heat pump. Variable-speed heat pumps and those with a start-and-stop function. The CTC EcoAir 600 series consists of newly-developed heat pumps with a variable-speed compressor and they adapt to the building's output needs. When more heat or hot water is required, the output of the heat pump increases. When less output is required, the pump operates at a lower speed.

Report Scope

Report Attribute Details
Growth Rate CAGR of 4.3% from 2023 to 2033
Market Value in 2022 US$ 3.2 billion
Market Value in 2032 US$ 4.8 billion 
Base Year for Estimation 2022
Historical Data 2018 to 2022
Forecast Period 2023 to 2033
Quantitative Units Revenue in US$ Million and CAGR from 2023 to 2033
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered
  • Type
  • Power Source
  • System Type
  • Refrigent Type
  • End-user
  • Region
Regions Covered
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa
Key Countries Profiled
  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • United Kingdom
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • Singapore
  • Thailand
  • Indonesia
  • Australia
  • New Zealand
  • GCC
  • South Africa
  • Israel
Key Companies Profiled
  • Thermax Ltd
  • Star Refrigeration
  • GEA Group
  • MAN Energy Solutions
  • Oilon OY
  • Siemens Energy
  • Johnson Controls
  • Friotherm AG
  • Engie Refrigeration GmbH
  • Daikin Industries
  • Enertech AB
  • Mitsubishi Heavy Industries

Key Segments Covered in the Heavy-Duty Heat Pump Industry Analysis

Heavy Duty Heat Pump Market by Type:

  • Air-water Heat Pump
  • Air-air Heat Pump
  • Ground Source Heat Pump
  • Hybrid Heat Pump

Heavy Duty Heat Pump Market by Power Source:

  • Electric
  • Gas Drive

Heavy Duty Heat Pump Market by System Type:

  • Air Source Heat Pump
  • Geothermal Heat Pump
  • Absorption Heat Pump

Heavy Duty Heat Pump Market by Refrigerant Type:

  • HFC
  • CO2
  • Ammonia
  • Hydrocarbons
  • Others

Heavy Duty Heat Pump Market by Power Range:

  • 5 to 10MW
  • 10 to 20MW
  • 20 to 40MW

Heavy Duty Heat Pump Market by End-user:

  • Residential
  • Commercial
    • Buildings
    • District Heating and Cooling
    • Data Centers
  • Industrial
  • CHPCs

Heavy Duty Heat Pump Market by Region:

  • North American Heavy Duty Heat Pump Market
  • Latin America Heavy Duty Heat Pump Market
  • Europe Heavy Duty Heat Pump Market
  • Asia Pacific Heavy Duty Heat Pump Market
  • Middle East and Africa Heavy Duty Heat Pump Market

Frequently Asked Questions

Which Countries Dominate the Heavy Duty Heat Pump Market?

The United States, Germany and China dominate the global market.

What is the Growth Forecast for Heavy Duty Heat Pump Market?

The market is forecast to register a CAGR of 4.3% through 2033.

How is the Historical Performance of the Heavy Duty Heat Pump Market?

From 2018 to 2022, the market grew at a CAGR of 4.1%.

Which is the Top Trend in the Heavy Duty Heat Pump Market?

Rising demand for safe energy storage systems disrupts the current market trends.

What is the Projected Size of the Heavy Duty Heavy Pump Market by 2033?

The global market size is to reach US$ 4.8 billion by 2033.

Table of Content

1. Executive Summary | Heavy Duty Heat Pump Market

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Type, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Type, 2023 to 2033

        5.3.1. Air-water Heat Pump

        5.3.2. Air-air Heat Pump

        5.3.3. Ground Source Heat Pump

        5.3.4. Hybrid Heat Pump

    5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Power Source

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Power Source, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Power Source, 2023 to 2033

        6.3.1. Electric

        6.3.2. Gas Driven

    6.4. Y-o-Y Growth Trend Analysis By Power Source, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Power Source, 2023 to 2033

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By System Type

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By System Type, 2018 to 2022

    7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By System Type, 2023 to 2033

        7.3.1. Air Source Heat Pump

        7.3.2. Geothermal Heat Pump

        7.3.3. Absorption Heat Pump

    7.4. Y-o-Y Growth Trend Analysis By System Type, 2018 to 2022

    7.5. Absolute $ Opportunity Analysis By System Type, 2023 to 2033

8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Refrigerant Type

    8.1. Introduction / Key Findings

    8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Refrigerant Type, 2018 to 2022

    8.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Refrigerant Type, 2023 to 2033

        8.3.1. HFC

        8.3.2. CO2

        8.3.3. Ammonia

        8.3.4. Hydrocarbons

        8.3.5. Others

    8.4. Y-o-Y Growth Trend Analysis By Refrigerant Type, 2018 to 2022

    8.5. Absolute $ Opportunity Analysis By Refrigerant Type, 2023 to 2033

9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Power Range

    9.1. Introduction / Key Findings

    9.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Power Range, 2018 to 2022

    9.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Power Range, 2023 to 2033

        9.3.1. 5 to 10MW

        9.3.2. 10 to 20MW

        9.3.3. 20 to 40MW

    9.4. Y-o-Y Growth Trend Analysis By Power Range, 2018 to 2022

    9.5. Absolute $ Opportunity Analysis By Power Range, 2023 to 2033

10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User

    10.1. Introduction / Key Findings

    10.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End User, 2018 to 2022

    10.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End User, 2023 to 2033

        10.3.1. Residential

        10.3.2. Commercial

            10.3.2.1. Buildings

            10.3.2.2. District Heating and Cooling

            10.3.2.3. Data Centers

        10.3.3. Industrial

        10.3.4. CHPCs

    10.4. Y-o-Y Growth Trend Analysis By End User, 2018 to 2022

    10.5. Absolute $ Opportunity Analysis By End User, 2023 to 2033

11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    11.1. Introduction

    11.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022

    11.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033

        11.3.1. North America

        11.3.2. Latin America

        11.3.3. Europe

        11.3.4. Asia Pacific

        11.3.5. MEA

    11.4. Market Attractiveness Analysis By Region

12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1. United States of America

            12.2.1.2. Canada

        12.2.2. By Type

        12.2.3. By Power Source

        12.2.4. By System Type

        12.2.5. By Refrigerant Type

        12.2.6. By Power Range

        12.2.7. By End User

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Type

        12.3.3. By Power Source

        12.3.4. By System Type

        12.3.5. By Refrigerant Type

        12.3.6. By Power Range

        12.3.7. By End User

    12.4. Key Takeaways

13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Country

            13.2.1.1. Brazil

            13.2.1.2. Mexico

            13.2.1.3. Rest of Latin America

        13.2.2. By Type

        13.2.3. By Power Source

        13.2.4. By System Type

        13.2.5. By Refrigerant Type

        13.2.6. By Power Range

        13.2.7. By End User

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Type

        13.3.3. By Power Source

        13.3.4. By System Type

        13.3.5. By Refrigerant Type

        13.3.6. By Power Range

        13.3.7. By End User

    13.4. Key Takeaways

14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        14.2.1. By Country

            14.2.1.1. Germany

            14.2.1.2. United Kingdom

            14.2.1.3. France

            14.2.1.4. Spain

            14.2.1.5. Italy

            14.2.1.6. Rest of Europe

        14.2.2. By Type

        14.2.3. By Power Source

        14.2.4. By System Type

        14.2.5. By Refrigerant Type

        14.2.6. By Power Range

        14.2.7. By End User

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Type

        14.3.3. By Power Source

        14.3.4. By System Type

        14.3.5. By Refrigerant Type

        14.3.6. By Power Range

        14.3.7. By End User

    14.4. Key Takeaways

15. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        15.2.1. By Country

            15.2.1.1. China

            15.2.1.2. Japan

            15.2.1.3. South Korea

            15.2.1.4. Singapore

            15.2.1.5. Thailand

            15.2.1.6. Indonesia

            15.2.1.7. Australia

            15.2.1.8. New Zealand

            15.2.1.9. Rest of Asia Pacific

        15.2.2. By Type

        15.2.3. By Power Source

        15.2.4. By System Type

        15.2.5. By Refrigerant Type

        15.2.6. By Power Range

        15.2.7. By End User

    15.3. Market Attractiveness Analysis

        15.3.1. By Country

        15.3.2. By Type

        15.3.3. By Power Source

        15.3.4. By System Type

        15.3.5. By Refrigerant Type

        15.3.6. By Power Range

        15.3.7. By End User

    15.4. Key Takeaways

16. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    16.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    16.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        16.2.1. By Country

            16.2.1.1. GCC Countries

            16.2.1.2. South Africa

            16.2.1.3. Israel

            16.2.1.4. Rest of MEA

        16.2.2. By Type

        16.2.3. By Power Source

        16.2.4. By System Type

        16.2.5. By Refrigerant Type

        16.2.6. By Power Range

        16.2.7. By End User

    16.3. Market Attractiveness Analysis

        16.3.1. By Country

        16.3.2. By Type

        16.3.3. By Power Source

        16.3.4. By System Type

        16.3.5. By Refrigerant Type

        16.3.6. By Power Range

        16.3.7. By End User

    16.4. Key Takeaways

17. Key Countries Market Analysis

    17.1. United States of America

        17.1.1. Pricing Analysis

        17.1.2. Market Share Analysis, 2022

            17.1.2.1. By Type

            17.1.2.2. By Power Source

            17.1.2.3. By System Type

            17.1.2.4. By Refrigerant Type

            17.1.2.5. By Power Range

            17.1.2.6. By End User

    17.2. Canada

        17.2.1. Pricing Analysis

        17.2.2. Market Share Analysis, 2022

            17.2.2.1. By Type

            17.2.2.2. By Power Source

            17.2.2.3. By System Type

            17.2.2.4. By Refrigerant Type

            17.2.2.5. By Power Range

            17.2.2.6. By End User

    17.3. Brazil

        17.3.1. Pricing Analysis

        17.3.2. Market Share Analysis, 2022

            17.3.2.1. By Type

            17.3.2.2. By Power Source

            17.3.2.3. By System Type

            17.3.2.4. By Refrigerant Type

            17.3.2.5. By Power Range

            17.3.2.6. By End User

    17.4. Mexico

        17.4.1. Pricing Analysis

        17.4.2. Market Share Analysis, 2022

            17.4.2.1. By Type

            17.4.2.2. By Power Source

            17.4.2.3. By System Type

            17.4.2.4. By Refrigerant Type

            17.4.2.5. By Power Range

            17.4.2.6. By End User

    17.5. Germany

        17.5.1. Pricing Analysis

        17.5.2. Market Share Analysis, 2022

            17.5.2.1. By Type

            17.5.2.2. By Power Source

            17.5.2.3. By System Type

            17.5.2.4. By Refrigerant Type

            17.5.2.5. By Power Range

            17.5.2.6. By End User

    17.6. United Kingdom

        17.6.1. Pricing Analysis

        17.6.2. Market Share Analysis, 2022

            17.6.2.1. By Type

            17.6.2.2. By Power Source

            17.6.2.3. By System Type

            17.6.2.4. By Refrigerant Type

            17.6.2.5. By Power Range

            17.6.2.6. By End User

    17.7. France

        17.7.1. Pricing Analysis

        17.7.2. Market Share Analysis, 2022

            17.7.2.1. By Type

            17.7.2.2. By Power Source

            17.7.2.3. By System Type

            17.7.2.4. By Refrigerant Type

            17.7.2.5. By Power Range

            17.7.2.6. By End User

    17.8. Spain

        17.8.1. Pricing Analysis

        17.8.2. Market Share Analysis, 2022

            17.8.2.1. By Type

            17.8.2.2. By Power Source

            17.8.2.3. By System Type

            17.8.2.4. By Refrigerant Type

            17.8.2.5. By Power Range

            17.8.2.6. By End User

    17.9. Italy

        17.9.1. Pricing Analysis

        17.9.2. Market Share Analysis, 2022

            17.9.2.1. By Type

            17.9.2.2. By Power Source

            17.9.2.3. By System Type

            17.9.2.4. By Refrigerant Type

            17.9.2.5. By Power Range

            17.9.2.6. By End User

    17.10. China

        17.10.1. Pricing Analysis

        17.10.2. Market Share Analysis, 2022

            17.10.2.1. By Type

            17.10.2.2. By Power Source

            17.10.2.3. By System Type

            17.10.2.4. By Refrigerant Type

            17.10.2.5. By Power Range

            17.10.2.6. By End User

    17.11. Japan

        17.11.1. Pricing Analysis

        17.11.2. Market Share Analysis, 2022

            17.11.2.1. By Type

            17.11.2.2. By Power Source

            17.11.2.3. By System Type

            17.11.2.4. By Refrigerant Type

            17.11.2.5. By Power Range

            17.11.2.6. By End User

    17.12. South Korea

        17.12.1. Pricing Analysis

        17.12.2. Market Share Analysis, 2022

            17.12.2.1. By Type

            17.12.2.2. By Power Source

            17.12.2.3. By System Type

            17.12.2.4. By Refrigerant Type

            17.12.2.5. By Power Range

            17.12.2.6. By End User

    17.13. Singapore

        17.13.1. Pricing Analysis

        17.13.2. Market Share Analysis, 2022

            17.13.2.1. By Type

            17.13.2.2. By Power Source

            17.13.2.3. By System Type

            17.13.2.4. By Refrigerant Type

            17.13.2.5. By Power Range

            17.13.2.6. By End User

    17.14. Thailand

        17.14.1. Pricing Analysis

        17.14.2. Market Share Analysis, 2022

            17.14.2.1. By Type

            17.14.2.2. By Power Source

            17.14.2.3. By System Type

            17.14.2.4. By Refrigerant Type

            17.14.2.5. By Power Range

            17.14.2.6. By End User

    17.15. Indonesia

        17.15.1. Pricing Analysis

        17.15.2. Market Share Analysis, 2022

            17.15.2.1. By Type

            17.15.2.2. By Power Source

            17.15.2.3. By System Type

            17.15.2.4. By Refrigerant Type

            17.15.2.5. By Power Range

            17.15.2.6. By End User

    17.16. Australia

        17.16.1. Pricing Analysis

        17.16.2. Market Share Analysis, 2022

            17.16.2.1. By Type

            17.16.2.2. By Power Source

            17.16.2.3. By System Type

            17.16.2.4. By Refrigerant Type

            17.16.2.5. By Power Range

            17.16.2.6. By End User

    17.17. New Zealand

        17.17.1. Pricing Analysis

        17.17.2. Market Share Analysis, 2022

            17.17.2.1. By Type

            17.17.2.2. By Power Source

            17.17.2.3. By System Type

            17.17.2.4. By Refrigerant Type

            17.17.2.5. By Power Range

            17.17.2.6. By End User

    17.18. GCC Countries

        17.18.1. Pricing Analysis

        17.18.2. Market Share Analysis, 2022

            17.18.2.1. By Type

            17.18.2.2. By Power Source

            17.18.2.3. By System Type

            17.18.2.4. By Refrigerant Type

            17.18.2.5. By Power Range

            17.18.2.6. By End User

    17.19. South Africa

        17.19.1. Pricing Analysis

        17.19.2. Market Share Analysis, 2022

            17.19.2.1. By Type

            17.19.2.2. By Power Source

            17.19.2.3. By System Type

            17.19.2.4. By Refrigerant Type

            17.19.2.5. By Power Range

            17.19.2.6. By End User

    17.20. Israel

        17.20.1. Pricing Analysis

        17.20.2. Market Share Analysis, 2022

            17.20.2.1. By Type

            17.20.2.2. By Power Source

            17.20.2.3. By System Type

            17.20.2.4. By Refrigerant Type

            17.20.2.5. By Power Range

            17.20.2.6. By End User

18. Market Structure Analysis

    18.1. Competition Dashboard

    18.2. Competition Benchmarking

    18.3. Market Share Analysis of Top Players

        18.3.1. By Regional

        18.3.2. By Type

        18.3.3. By Power Source

        18.3.4. By System Type

        18.3.5. By Refrigerant Type

        18.3.6. By Power Range

        18.3.7. By End User

19. Competition Analysis

    19.1. Competition Deep Dive

        19.1.1. Thermax Ltd

            19.1.1.1. Overview

            19.1.1.2. Product Portfolio

            19.1.1.3. Profitability by Market Segments

            19.1.1.4. Sales Footprint

            19.1.1.5. Strategy Overview

                19.1.1.5.1. Marketing Strategy

                19.1.1.5.2. Product Strategy

                19.1.1.5.3. Channel Strategy

        19.1.2. Star Refrigeration

            19.1.2.1. Overview

            19.1.2.2. Product Portfolio

            19.1.2.3. Profitability by Market Segments

            19.1.2.4. Sales Footprint

            19.1.2.5. Strategy Overview

                19.1.2.5.1. Marketing Strategy

                19.1.2.5.2. Product Strategy

                19.1.2.5.3. Channel Strategy

        19.1.3. GEA Group

            19.1.3.1. Overview

            19.1.3.2. Product Portfolio

            19.1.3.3. Profitability by Market Segments

            19.1.3.4. Sales Footprint

            19.1.3.5. Strategy Overview

                19.1.3.5.1. Marketing Strategy

                19.1.3.5.2. Product Strategy

                19.1.3.5.3. Channel Strategy

        19.1.4. MAN Energy Solutions

            19.1.4.1. Overview

            19.1.4.2. Product Portfolio

            19.1.4.3. Profitability by Market Segments

            19.1.4.4. Sales Footprint

            19.1.4.5. Strategy Overview

                19.1.4.5.1. Marketing Strategy

                19.1.4.5.2. Product Strategy

                19.1.4.5.3. Channel Strategy

        19.1.5. Oilon OY

            19.1.5.1. Overview

            19.1.5.2. Product Portfolio

            19.1.5.3. Profitability by Market Segments

            19.1.5.4. Sales Footprint

            19.1.5.5. Strategy Overview

                19.1.5.5.1. Marketing Strategy

                19.1.5.5.2. Product Strategy

                19.1.5.5.3. Channel Strategy

        19.1.6. Siemens Energy

            19.1.6.1. Overview

            19.1.6.2. Product Portfolio

            19.1.6.3. Profitability by Market Segments

            19.1.6.4. Sales Footprint

            19.1.6.5. Strategy Overview

                19.1.6.5.1. Marketing Strategy

                19.1.6.5.2. Product Strategy

                19.1.6.5.3. Channel Strategy

        19.1.7. Johnson Controls

            19.1.7.1. Overview

            19.1.7.2. Product Portfolio

            19.1.7.3. Profitability by Market Segments

            19.1.7.4. Sales Footprint

            19.1.7.5. Strategy Overview

                19.1.7.5.1. Marketing Strategy

                19.1.7.5.2. Product Strategy

                19.1.7.5.3. Channel Strategy

        19.1.8. Friotherm AG

            19.1.8.1. Overview

            19.1.8.2. Product Portfolio

            19.1.8.3. Profitability by Market Segments

            19.1.8.4. Sales Footprint

            19.1.8.5. Strategy Overview

                19.1.8.5.1. Marketing Strategy

                19.1.8.5.2. Product Strategy

                19.1.8.5.3. Channel Strategy

        19.1.9. Engie Refrigeration GmbH

            19.1.9.1. Overview

            19.1.9.2. Product Portfolio

            19.1.9.3. Profitability by Market Segments

            19.1.9.4. Sales Footprint

            19.1.9.5. Strategy Overview

                19.1.9.5.1. Marketing Strategy

                19.1.9.5.2. Product Strategy

                19.1.9.5.3. Channel Strategy

        19.1.10. Daikin Industries

            19.1.10.1. Overview

            19.1.10.2. Product Portfolio

            19.1.10.3. Profitability by Market Segments

            19.1.10.4. Sales Footprint

            19.1.10.5. Strategy Overview

                19.1.10.5.1. Marketing Strategy

                19.1.10.5.2. Product Strategy

                19.1.10.5.3. Channel Strategy

        19.1.11. Enertech AB

            19.1.11.1. Overview

            19.1.11.2. Product Portfolio

            19.1.11.3. Profitability by Market Segments

            19.1.11.4. Sales Footprint

            19.1.11.5. Strategy Overview

                19.1.11.5.1. Marketing Strategy

                19.1.11.5.2. Product Strategy

                19.1.11.5.3. Channel Strategy

        19.1.12. Mitsubishi Heavy Industries

            19.1.12.1. Overview

            19.1.12.2. Product Portfolio

            19.1.12.3. Profitability by Market Segments

            19.1.12.4. Sales Footprint

            19.1.12.5. Strategy Overview

                19.1.12.5.1. Marketing Strategy

                19.1.12.5.2. Product Strategy

                19.1.12.5.3. Channel Strategy

20. Assumptions & Acronyms Used

21. Research Methodology

Recommendations

Industrial Automation

Heat Pump Market

July 2024

REP-GB-480

307 pages

Industrial Automation

Positive Displacement Pumps Market

July 2023

REP-GB-522

339 pages

Industrial Automation

Water Source Heat Pump Market

June 2023

REP-GB-15373

315 pages

Industrial Automation

Below 30 Hp Centrifugal Water Pump Market

October 2022

REP-EG-704

324 pages

Explore Industrial Automation Insights

View Reports
Future Market Insights

Heavy Duty Heat Pump Market

Schedule a Call