Market Overview:
The global inverter 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 heating and cooling systems, rising awareness about environment-friendly technologies, and growing investments in smart cities. The ducted inverter heat pumps segment is expected to account for the largest share of the global inverter heat pump market in 2018. This segment is projected to grow at a CAGR of 7% from 2018 to 2030. The ductless inverter heat pumps segment is projected to grow at a CAGR of 5% from 2018to 2030.
Product Definition:
It is a device that helps to convert the electric power from AC to DC and then back to AC again. This is done in order to either change or maintain the voltage level of the electric current.
Ducted Inverter Heat Pumps:
Ducted inverter heat pumps (DIHP) are a type of air-source heat pump that uses forced circulation through an insulated duct to move the warm air inside the house. The system is comprised of a single stage, multi-speed fan driven unit which is mounted outside the home on the roof or external wall.
Ductless Inverter Heat Pumps:
Ductless inverter heat pumps are portable and can be used in outdoor as well as indoor applications. These devices have a capacity to transfer heat from one place to another without any external ducts or pipework. They are designed for small space heating and cooling applications, which include water heating, space conditioning, ventilation, cooking & food warming among others.
The global ductless inverter heat pump market size was valued at USD 2.5 billion in 2015.
Application Insights:
The residential application segment accounted for the largest share of over 50.0% in 2017 and is projected to witness significant growth during the forecast period. Increasing number of retrofit projects across the globe are expected to drive demand for GIHP systems, thereby supporting market growth.
In addition, growing urbanization due to rising population in developing countries such as India and China is anticipated to boost product demand from 2018 to 2030. The commercial building application segment was valued at USD 1,252.5 million in 2017 owing to high energy efficiency coupled with superior performance offered by these systems over other conventional technologies such as central air conditioners and heat pumps under this category of applications.
The industrial building application segment is estimated poisedto witness a CAGR of XX% from 2018-2030 on account of stringent regulations regarding greenhouse gas emissions across various regions coupled with increasing awareness about environment protection measures among industry players operating within these regions including Japan.
Regional Analysis:
Asia Pacific dominated the global inverter heat pump market in 2016 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in 2016 owing to increasing demand from residential as well as industrial sectors. Increasing number of houses due to growing population, coupled with rapid urbanization, has led to an increase in energy consumption. This has resulted into increased adoption of these pumps for space heating and water heating applications.
The Asia Pacific regional market is also characterized by high product penetration due to various government initiatives such as “Housing For All†scheme implemented by the Indian Government which aims at providing affordable housing units across the country over a period of time.
Europe was estimated at USD X million in 2016.
Growth Factors:
- Increasing demand for energy-efficient heating and cooling systems
- Growing popularity of inverter technology in the heat pump market
- Rising awareness about the benefits of inverter heat pumps among consumers
- Proliferation of internet of things (IoT) and smart home technologies
- Stringent government regulations mandating energy-efficiency in heating and cooling systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Inverter Heat Pump Market Research Report
By Type
Ducted Inverter Heat Pumps, Ductless Inverter Heat Pumps
By Application
Residential, Industrial Building, Commercial Building, Other
By Companies
Carrier Commercial, CIAT, Mitsubishi Electric Cooling and Heating, Samsung HVAC, Toshiba Air Conditioning, United Technologies Corporation, Robert Bosch GmbH, Panasonic Corporation, Daikin Industries, NIBE Industrier AB, Viessmann Group, Ingersoll-Rand, Stiebel Eltron GmbH, The Glen Dimplex Group
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
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Inverter Heat Pump Market Report Segments:
The global Inverter Heat Pump market is segmented on the basis of:
Types
Ducted Inverter Heat Pumps, Ductless Inverter Heat Pumps
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, Industrial Building, Commercial Building, Other
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:
- Carrier Commercial
- CIAT
- Mitsubishi Electric Cooling and Heating
- Samsung HVAC
- Toshiba Air Conditioning
- United Technologies Corporation
- Robert Bosch GmbH
- Panasonic Corporation
- Daikin Industries
- NIBE Industrier AB
- Viessmann Group
- Ingersoll-Rand
- Stiebel Eltron GmbH
- The Glen Dimplex Group
Highlights of The Inverter 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:
- Ducted Inverter Heat Pumps
- Ductless Inverter Heat Pumps
- By Application:
- Residential
- Industrial Building
- Commercial Building
- Other
- 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 Inverter 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 inverter heat pump is a type of air-conditioning system that uses an electric motor to convert mechanical energy into thermal energy. The thermal energy is then used to cool the room or building.
Some of the key players operating in the inverter heat pump market are Carrier Commercial, CIAT, Mitsubishi Electric Cooling and Heating, Samsung HVAC, Toshiba Air Conditioning, United Technologies Corporation, Robert Bosch GmbH, Panasonic Corporation, Daikin Industries, NIBE Industrier AB, Viessmann Group, Ingersoll-Rand, Stiebel Eltron GmbH, The Glen Dimplex Group.
The inverter heat pump market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Inverter 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 Inverter Heat Pump Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Inverter 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 Inverter 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 Inverter Heat Pump Market Size & Forecast, 2018-2028
4.5.1 Inverter Heat Pump Market Size and Y-o-Y Growth
4.5.2 Inverter Heat Pump Market Absolute $ Opportunity
Chapter 5 Global Inverter 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 Inverter Heat Pump Market Size Forecast by Type
5.2.1 Ducted Inverter Heat Pumps
5.2.2 Ductless Inverter Heat Pumps
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Inverter 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 Inverter Heat Pump Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Industrial Building
6.2.3 Commercial Building
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Inverter 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 Inverter 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 Inverter Heat Pump Analysis and Forecast
9.1 Introduction
9.2 North America Inverter 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 Inverter Heat Pump Market Size Forecast by Type
9.6.1 Ducted Inverter Heat Pumps
9.6.2 Ductless Inverter Heat Pumps
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 Inverter Heat Pump Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Industrial Building
9.10.3 Commercial Building
9.10.4 Other
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 Inverter Heat Pump Analysis and Forecast
10.1 Introduction
10.2 Europe Inverter 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 Inverter Heat Pump Market Size Forecast by Type
10.6.1 Ducted Inverter Heat Pumps
10.6.2 Ductless Inverter Heat Pumps
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 Inverter Heat Pump Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Industrial Building
10.10.3 Commercial Building
10.10.4 Other
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 Inverter Heat Pump Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Inverter 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 Inverter Heat Pump Market Size Forecast by Type
11.6.1 Ducted Inverter Heat Pumps
11.6.2 Ductless Inverter Heat Pumps
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 Inverter Heat Pump Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Industrial Building
11.10.3 Commercial Building
11.10.4 Other
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 Inverter Heat Pump Analysis and Forecast
12.1 Introduction
12.2 Latin America Inverter 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 Inverter Heat Pump Market Size Forecast by Type
12.6.1 Ducted Inverter Heat Pumps
12.6.2 Ductless Inverter Heat Pumps
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 Inverter Heat Pump Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Industrial Building
12.10.3 Commercial Building
12.10.4 Other
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) Inverter Heat Pump Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Inverter 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) Inverter Heat Pump Market Size Forecast by Type
13.6.1 Ducted Inverter Heat Pumps
13.6.2 Ductless Inverter Heat Pumps
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) Inverter Heat Pump Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Industrial Building
13.10.3 Commercial Building
13.10.4 Other
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 Inverter Heat Pump Market: Competitive Dashboard
14.2 Global Inverter Heat Pump Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Carrier Commercial
14.3.2 CIAT
14.3.3 Mitsubishi Electric Cooling and Heating
14.3.4 Samsung HVAC
14.3.5 Toshiba Air Conditioning
14.3.6 United Technologies Corporation
14.3.7 Robert Bosch GmbH
14.3.8 Panasonic Corporation
14.3.9 Daikin Industries
14.3.10 NIBE Industrier AB
14.3.11 Viessmann Group
14.3.12 Ingersoll-Rand
14.3.13 Stiebel Eltron GmbH
14.3.14 The Glen Dimplex Group
