Market Overview:
The global high performance air source heat pump (ASHP) market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the ASHP market can be attributed to the increasing demand for energy-efficient heating and cooling systems, growing awareness about environment-friendly technologies, and rising concerns about greenhouse gas emissions. The air-to-air type segment is expected to dominate the global high performance air source heat pump (ASHP) market during the forecast period. This segment is projected to account for more than 60% of the total ASHP market by 2030. Air-to-water type ASHPs are also gaining popularity due to their ability to provide both heating and cooling functions simultaneously, which helps reduce energy consumption by up to 50%. Residential applications are expected to account for majority of the global high performance air source heat pump (ASHP) demand during the forecast period.
 Industry Outlook.svg)
Product Definition:
A high performance air source heat pump is a type of air conditioner that can also provide heating for a building. They are more efficient than traditional air conditioners and can save money on energy costs.
Air-to-Air:
Air-to-air (ATA) is a heat exchanger that transfers heat between two air streams. It can be used in various applications such as cooling, heating and ventilation. The ATA market has witnessed significant growth owing to its ability to transfer heat from hot air source to cold air sink with minimum loss of energy.
Air-to-Water:
The air-to-water heat pump is a device that extracts heat from the indoor air and transfers it to water for use in thermal domestic applications. ASHP’s are used for heating and cooling residential or commercial buildings. They are also used in industrial processes where hot water is required as an input heat source.
Application Insights:
The commercial segment held the largest share of over 70.0% in 2017. The growth can be attributed to the rising adoption of energy-efficient products for space heating and cooling applications in commercial buildings, offices, and warehouses. High performance air source heat pumps are used as a reliable secondary heat source for space heating or cooling in commercial buildings with primary sources such as electricity or fossil fuels. These systems are also used to meet stringent environmental regulations that demand low carbon emissions from these appliances at minimal power consumption levels.
The residential application segment is expected to witness significant growth over the forecast period owing to increasing government initiatives on improving living conditions for all citizens across various regions including Asia Pacific, North America, and Europe Latin America Middle East & Africa countries including India China Brazil etc.
Regional Analysis:
Europe dominated the global high performance air source heat pump market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing awareness regarding energy conservation and sustainable living, growing adoption by residential as well as commercial customers, and government initiatives encouraging energy savings through technological advancements.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising demand for compact heating solutions for space-constrained buildings coupled with rapid urbanization across countries such as China, Japan, South Korea, Indonesia among others are expected drive regional growth during the forecast period. Increasing investments by governments in infrastructural development along with favorable government policies promoting affordable housing are some of the factors driving industry expansion over this region’s projected time frame.
Growth Factors:
- Increasing demand for energy-efficient and environment-friendly technologies: The global market for high performance air source heat pumps is expected to grow at a CAGR of more than 9% from 2016 to 2020. This can be attributed to the increasing demand for energy-efficient and environment-friendly technologies across the world.
- Rising awareness about the benefits of using ASHPs: There is a growing awareness among consumers about the benefits of using high performance air source heat pumps, which is helping fuel the growth of this market.
- Technological advancements in ASHP technology: The technological advancements in ASHP technology are helping improve their efficiency, which is resulting in an increase in their adoption across different regions.
- Growing popularity of renewable energy sources: The growing popularity of renewable energy sources such as solar and wind power is also aiding the growth of this market as they can be used along with ASHPs to provide efficient heating and cooling solutions.
Scope Of The Report
Report Attributes
Report Details
Report Title
High Peformance Air Source Heat Pump (ASHP) Market Research Report
By Type
Air-to-Air, Air-to-Water
By Application
Residential, Commercial, Industrial
By Companies
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
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
164
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global High Peformance Air Source Heat Pump (ASHP) Market Report Segments:
The global High Peformance Air Source Heat Pump (ASHP) market is segmented on the basis of:
Types
Air-to-Air, Air-to-Water
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
- Danfoss
- A. O. Smith
- Viessmann
- BDR Thermea Group
- Haier
- Midea
- Gree Electric
- Stiebel Eltron GmbH & Co.
- Swegon Group AB
- Sanden International
- Aermec
 Market Overview.svg)
Highlights of The High Peformance Air Source Heat Pump (ASHP) 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:
- Air-to-Air
- Air-to-Water
- 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 High Peformance Air Source Heat Pump (ASHP) 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
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?
A high performance air source heat pump (ASHP) is a type of air-source heat pump that uses a higher than average refrigerant flow rate to achieve greater efficiency. This allows the ASHP to produce more thermal energy from the same amount of refrigerant, resulting in increased cooling capacity and reduced energy costs.
Some of the key players operating in the high peformance air source heat pump (ashp) market are 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.
The high peformance air source heat pump (ashp) 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 High Peformance Air Source Heat Pump (ASHP) 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 High Peformance Air Source Heat Pump (ASHP) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Peformance Air Source Heat Pump (ASHP) 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 High Peformance Air Source Heat Pump (ASHP) 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 High Peformance Air Source Heat Pump (ASHP) Market Size & Forecast, 2018-2028
4.5.1 High Peformance Air Source Heat Pump (ASHP) Market Size and Y-o-Y Growth
4.5.2 High Peformance Air Source Heat Pump (ASHP) Market Absolute $ Opportunity
Chapter 5 Global High Peformance Air Source Heat Pump (ASHP) 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 High Peformance Air Source Heat Pump (ASHP) Market Size Forecast by Type
5.2.1 Air-to-Air
5.2.2 Air-to-Water
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global High Peformance Air Source Heat Pump (ASHP) 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 High Peformance Air Source Heat Pump (ASHP) 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 High Peformance Air Source Heat Pump (ASHP) 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 High Peformance Air Source Heat Pump (ASHP) 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 High Peformance Air Source Heat Pump (ASHP) Analysis and Forecast
9.1 Introduction
9.2 North America High Peformance Air Source Heat Pump (ASHP) 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 High Peformance Air Source Heat Pump (ASHP) Market Size Forecast by Type
9.6.1 Air-to-Air
9.6.2 Air-to-Water
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 High Peformance Air Source Heat Pump (ASHP) 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 High Peformance Air Source Heat Pump (ASHP) Analysis and Forecast
10.1 Introduction
10.2 Europe High Peformance Air Source Heat Pump (ASHP) 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 High Peformance Air Source Heat Pump (ASHP) Market Size Forecast by Type
10.6.1 Air-to-Air
10.6.2 Air-to-Water
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 High Peformance Air Source Heat Pump (ASHP) 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 High Peformance Air Source Heat Pump (ASHP) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High Peformance Air Source Heat Pump (ASHP) 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 High Peformance Air Source Heat Pump (ASHP) Market Size Forecast by Type
11.6.1 Air-to-Air
11.6.2 Air-to-Water
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 High Peformance Air Source Heat Pump (ASHP) 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 High Peformance Air Source Heat Pump (ASHP) Analysis and Forecast
12.1 Introduction
12.2 Latin America High Peformance Air Source Heat Pump (ASHP) 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 High Peformance Air Source Heat Pump (ASHP) Market Size Forecast by Type
12.6.1 Air-to-Air
12.6.2 Air-to-Water
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 High Peformance Air Source Heat Pump (ASHP) 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) High Peformance Air Source Heat Pump (ASHP) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High Peformance Air Source Heat Pump (ASHP) 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) High Peformance Air Source Heat Pump (ASHP) Market Size Forecast by Type
13.6.1 Air-to-Air
13.6.2 Air-to-Water
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) High Peformance Air Source Heat Pump (ASHP) 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 High Peformance Air Source Heat Pump (ASHP) Market: Competitive Dashboard
14.2 Global High Peformance Air Source Heat Pump (ASHP) 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 Danfoss
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
