Market Overview:
The global air-water heat pump market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient and environment-friendly heating and cooling systems across the globe. Additionally, the growing awareness about the benefits of using air-water heat pumps is also contributing to the growth of this market. The global air-water heat pump market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into low temperature type, high temperature type, and hybrid type.
Product Definition:
A device that transfers heat energy from one medium to another, usually by using the evaporation of a liquid to absorb heat from a solid or gas and convert it into vapor, which is then transferred to another medium. Air-water heat pumps are important because they can be used to transfer thermal energy between two different media (air and water), allowing for better temperature control.
Low Temperature Type:
The global low temperature type market size was valued at USD 1.5 billion in 2015 and is expected to witness significant growth over the forecast period owing to its rising demand across various end-use industries including residential, commercial, and industrial. Low temperature type heat pumps are used for removing or transferring thermal energy from one place to another with the help of condensation process which occurs when water is passed through a copper coil at low pressure state.
High Temperature Type:
The high temperature type is used in air-water heat pump for the purpose of heating and cooling. These are also known as super heaters or high temperature chillers. They can operate at temperatures higher than 400F (200C). The working principle of these pumps is based on condensation process, which takes place between the cold water and hot water.
Application Insights:
The market is segmented by application into residential, commercial and industrial. The residential sector accounted for the largest share in 2017 owing to increasing demand for energy-efficient products that are reliable at a lower cost. Air-water heat pumps are used in various residential applications including single phase and three phase space heating or cooling systems, swimming pool heating or cooling systems, etc. The commercial sector includes hotels/restaurants, office buildings and institutional buildings such as schools and colleges.
Regional Analysis:
The North American regional market dominated the global air-water heat pump industry in 2016 and is expected to continue its dominance over the forecast period. The growth can be attributed to rising demand for energy-efficient products, increasing investments in HVAC systems, and government initiatives encouraging consumers to adopt renewable energy technologies. Moreover, growing awareness regarding health risks associated with indoor pollution is anticipated to drive product demand over the forecast period.
Asia Pacific is projected to witness significant growth during the same period owing to rapid urbanization resulting in increased construction activities along with a rise in residential as well as commercial building projects across countries such as China and India are driving industry expansion.
Growth Factors:
- Increasing demand for energy-efficient heating and cooling systems
- Growing popularity of air-water heat pumps among residential consumers
- Rising awareness about the benefits of air-water heat pumps among commercial and industrial users
- Technological advancements in air-water heat pump technology
- Government initiatives to promote the use of energy-efficient heating and cooling systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Air-Water Heat Pump Market Research Report
By Type
Low Temperature Type, High Temperature Type, Hybrid Type
By Application
Residential, Commercial, Industrial
By Companies
Daikin Industries, Mitsubishi Electric, Fujitsu General, LG Electronics, Panasonic, Carrier, NIBE, Bosch Thermotechnik, Glen Dimplex, Vaillant, Daikin Industries, A. O. Smith, Viessmann, BDR Thermea Group, Haier, Midea, Gree Electric, Stiebel Eltron GmbH & Co., Swegon Group AB, Sanden International, Aermec
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Air-Water Heat Pump Market Report Segments:
The global Air-Water Heat Pump market is segmented on the basis of:
Types
Low Temperature Type, High Temperature Type, Hybrid Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Daikin Industries
- Mitsubishi Electric
- Fujitsu General
- LG Electronics
- Panasonic
- Carrier
- NIBE
- Bosch Thermotechnik
- Glen Dimplex
- Vaillant
- Daikin Industries
- A. O. Smith
- Viessmann
- BDR Thermea Group
- Haier
- Midea
- Gree Electric
- Stiebel Eltron GmbH & Co.
- Swegon Group AB
- Sanden International
- Aermec
Highlights of The Air-Water Heat Pump Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Low Temperature Type
- High Temperature Type
- Hybrid Type
- By Application:
- Residential
- Commercial
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Air-Water Heat Pump Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An air-water heat pump is a device that uses the difference in temperature between the outside air and water to generate heat. The hot water is then used to cool down the inside of the unit, which then generates more heat and repeats the process.
Some of the major companies in the air-water heat pump market are Daikin Industries, Mitsubishi Electric, Fujitsu General, LG Electronics, Panasonic, Carrier, NIBE, Bosch Thermotechnik, Glen Dimplex, Vaillant, Daikin Industries, A. O. Smith, Viessmann, BDR Thermea Group, Haier, Midea, Gree Electric, Stiebel Eltron GmbH & Co., Swegon Group AB, Sanden International, Aermec.
The air-water heat pump market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Air-Water Heat Pump Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Air-Water Heat Pump Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Air-Water Heat Pump Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Air-Water Heat Pump Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Air-Water Heat Pump Market Size & Forecast, 2018-2028
4.5.1 Air-Water Heat Pump Market Size and Y-o-Y Growth
4.5.2 Air-Water Heat Pump Market Absolute $ Opportunity
Chapter 5 Global Air-Water Heat Pump Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Air-Water Heat Pump Market Size Forecast by Type
5.2.1 Low Temperature Type
5.2.2 High Temperature Type
5.2.3 Hybrid Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Air-Water Heat Pump Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Air-Water Heat Pump Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Air-Water Heat Pump Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Air-Water Heat Pump Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Air-Water Heat Pump Analysis and Forecast
9.1 Introduction
9.2 North America Air-Water Heat Pump Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Air-Water Heat Pump Market Size Forecast by Type
9.6.1 Low Temperature Type
9.6.2 High Temperature Type
9.6.3 Hybrid Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Air-Water Heat Pump Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Air-Water Heat Pump Analysis and Forecast
10.1 Introduction
10.2 Europe Air-Water Heat Pump Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Air-Water Heat Pump Market Size Forecast by Type
10.6.1 Low Temperature Type
10.6.2 High Temperature Type
10.6.3 Hybrid Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Air-Water Heat Pump Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Air-Water Heat Pump Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Air-Water Heat Pump Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Air-Water Heat Pump Market Size Forecast by Type
11.6.1 Low Temperature Type
11.6.2 High Temperature Type
11.6.3 Hybrid Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Air-Water Heat Pump Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Air-Water Heat Pump Analysis and Forecast
12.1 Introduction
12.2 Latin America Air-Water Heat Pump Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Air-Water Heat Pump Market Size Forecast by Type
12.6.1 Low Temperature Type
12.6.2 High Temperature Type
12.6.3 Hybrid Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Air-Water Heat Pump Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Air-Water Heat Pump Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Air-Water Heat Pump Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Air-Water Heat Pump Market Size Forecast by Type
13.6.1 Low Temperature Type
13.6.2 High Temperature Type
13.6.3 Hybrid Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Air-Water Heat Pump Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Air-Water Heat Pump Market: Competitive Dashboard
14.2 Global Air-Water Heat Pump Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Daikin Industries
14.3.2 Mitsubishi Electric
14.3.3 Fujitsu General
14.3.4 LG Electronics
14.3.5 Panasonic
14.3.6 Carrier
14.3.7 NIBE
14.3.8 Bosch Thermotechnik
14.3.9 Glen Dimplex
14.3.10 Vaillant
14.3.11 Daikin Industries
14.3.12 A. O. Smith
14.3.13 Viessmann
14.3.14 BDR Thermea Group
14.3.15 Haier
14.3.16 Midea
14.3.17 Gree Electric
14.3.18 Stiebel Eltron GmbH & Co.
14.3.19 Swegon Group AB
14.3.20 Sanden International
14.3.21 Aermec
