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 |
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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.
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.
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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.
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
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.
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
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.
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.
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
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.
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 |
|
Regions Covered |
|
Key Countries Profiled |
|
Key Companies Profiled |
|
The United States, Germany and China dominate the global market.
The market is forecast to register a CAGR of 4.3% through 2033.
From 2018 to 2022, the market grew at a CAGR of 4.1%.
Rising demand for safe energy storage systems disrupts the current market trends.
The global market size is to reach US$ 4.8 billion by 2033.
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
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