Report overview
Air Source Heat Pump (ASHP) is a device which uses a vapor compression cycle to transfer heat between outdoor air and indoor air or water. There are two type of air source heat pumps including air-to-air heat pumps and air-to-water heat pumps. As the name implies, these systems heat or cool indoor air or move energy into water. An air-source heat pump can provide efficient heating and cooling for your home, especially if you live in a warm climate. When properly installed, an air-source heat pump can deliver one-and-a-half to three times more heat energy to a home than the electrical energy it consumes. This is possible because a heat pump moves heat rather than converting it from a fuel, like in combustion heating systems.
This report aims to provide a comprehensive presentation of the global market for Air Source Heat Pump, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Air Source Heat Pump. This report contains market size and forecasts of Air Source Heat Pump in global, including the following market information:
Global Air Source Heat Pump Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Air Source Heat Pump Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Air Source Heat Pump companies in 2022 (%)
The global Air Source Heat Pump market was valued at US$ 13470 million in 2022 and is projected to reach US$ 19530 million by 2029, at a CAGR of 5.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global air handling units control main manufactuers include Daikin Industries, Mitsubishi Electric, Fujitsu General, LG Electronics, Panasonic, etc., totally accounting for about 26% of the market. Europe is the largest market, with a share over 32%. As for the types of products, it can be divided into air-to-air heat pump and air-to-water heat pump. The most common product is air-to-air heat pump, with a share over 55%. In terms of applications, it is widely used in residential, commercial and industrial. The most common application is residential, with a share about 83%.
We surveyed the Air Source Heat Pump manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Air Source Heat Pump Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Air Source Heat Pump Market Segment Percentages, by Type, 2022 (%)
Air-to-Air Heat Pump
Air-to-Water Heat Pump
Global Air Source Heat Pump Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Air Source Heat Pump Market Segment Percentages, by Application, 2022 (%)
Residential
Commercial
Industrial
Global Air Source Heat Pump Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Air Source Heat Pump Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Air Source Heat Pump revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Air Source Heat Pump revenues share in global market, 2022 (%)
Key companies Air Source Heat Pump sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Air Source Heat Pump sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Daikin Industries
Mitsubishi Electric
Fujitsu General
LG Electronics
Panasonic
Carrier
NIBE
Bosch Thermotechnik
Glen Dimplex
Vaillant
Danfoss
A. O. Smith
Viessmann
BDR Thermea Group
Haier
Midea
Gree Electric
Stiebel Eltron GmbH & Co.
Swegon Group AB
Sanden International
Aermec
Outline of Major Chapters:
Chapter 1: Introduces the definition of Air Source Heat Pump, market overview.
Chapter 2: Global Air Source Heat Pump market size in revenue and volume.
Chapter 3: Detailed analysis of Air Source Heat Pump manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Air Source Heat Pump in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Air Source Heat Pump capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
