Market Overview:
The global high temperature heat pump market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient and environment-friendly heating and cooling systems across the globe. Additionally, growing awareness about the benefits of using high temperature heat pumps is also propelling the growth of this market. On the basis of type, air-to-water monobloc heat pumps are expected to lead the global high temperature heat pump market during the forecast period owing to their easy installation and low maintenance requirements. On account of their ability to provide both heating as well as cooling solutions, split air-to-water heat pumps are also anticipated to witness significant growth in demand overthe next few years.
Product Definition:
A high-temperature heat pump (HTHP) is a type of heat pump that can transfer thermal energy from a hot source to a cooler target area. HTHPs are used in many industrial processes, including chemical production, metal processing, and food preparation.
Air to Water Monobloc Heat Pumps:
Air to Water Monobloc Heat Pumps are used for heating and cooling water by using the air that is forced into the water. The working principle of Air to Water Monobloc Heat Pumps is based on evaporation and condensation. These pumps are mainly used in residential, commercial, industrial applications where a continuous supply of hot or cold water is required at a fixed temperature.
Air to Water Cylinder Heat Pumps:
Air to Water (ATW) cylinder heat pumps are used for heating, cooling and conditioning air. The product is primarily used in water heating applications which include swimming pools, spa, hot water tanks and hydronic boilers. It is also applicable in refrigeration applications including walk-in coolers, freezers and domestic/commercial ice making machines among others.
Application Insights:
The application segment includes papermaking, food, chemical, automobile, oil refining and metal industries. In 2017, the automotive industry accounted for over 15% of the overall revenue share in terms of demand as well as supply. The growth rate of this application segment is expected to be high during the forecast period due to increasing vehicle production globally.
In terms of revenue generation from 2018 to 2030 global market size is anticipated to reach USD 2.97 billion in the year 2030 with a CAGR of XX% from 2018 to 2030 owing to factors such as growing industrialization and urbanization along with rising per capita income levels across various regions globally including Asia Pacific.
Regional Analysis:
Europe dominated the global high temperature heat pump market in 2017 owing to increasing demand for energy-efficient products. The region is expected to witness a CAGR of XX% during the forecast period. Increasing adoption of these pumps in countries such as Germany, France, Italy and Russia is anticipated to drive the regional market growth over the forecast period.
The Asia Pacific accounted for a significant share in terms of revenue and is expected to grow at a CAGR close to 8% from 2018 till 2030 due mainlyto rising construction activities across emerging economies such as China and India.
China was one among few countries that adopted these pumps on large scale owing mainlyto favorable government policies supporting investments relatedto energy conservation measures including high temperature heat pumps installation/renovation programs implemented by local governments throughout this country since 2010 (Heating System Reform Plan).
Growth Factors:
- Increasing demand for energy-efficient and environment-friendly technologies
- Rising awareness about the benefits of high temperature heat pumps among consumers
- Technological advancements in the field of high temperature heat pumps
- Growing investments in research and development activities for improving the efficiency of high temperature heat pumps
- Increasing demand from commercial and industrial sectors for heating and cooling applications
Scope Of The Report
Report Attributes
Report Details
Report Title
High Temperature Heat Pump Market Research Report
By Type
Air to Water Monobloc Heat Pumps, Air to Water Cylinder Heat Pumps, Groundwater Heat Pump, Split air-to-water heat pumps, Exhaust Air Heat Pumps
By Application
Papermaking Industrial, Food Industrial, Chemical, Automobile, Oil Refining Industrial, Metal Industrial, Other
By Companies
Johnson Controls, Mitsubishi Electric, Kobe Steel, Vicking Heating Engines, Ochsner Energie Technik, Hybrid Energy, Mayekawa, Conhitherm, Durr Thermea, Friotherm, Star Refrigeration, GEA Refrigeration, Frigel, Bosch, Daikin, United Technologies, Oilon, Danfoss, ARANER, Fujitsu General, LG Electronics, Panasonic, Carrier, NIBE
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global High Temperature Heat Pump Market Report Segments:
The global High Temperature Heat Pump market is segmented on the basis of:
Types
Air to Water Monobloc Heat Pumps, Air to Water Cylinder Heat Pumps, Groundwater Heat Pump, Split air-to-water heat pumps, Exhaust Air 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
Papermaking Industrial, Food Industrial, Chemical, Automobile, Oil Refining Industrial, Metal Industrial, 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:
- Johnson Controls
- Mitsubishi Electric
- Kobe Steel
- Vicking Heating Engines
- Ochsner Energie Technik
- Hybrid Energy
- Mayekawa
- Conhitherm
- Durr Thermea
- Friotherm
- Star Refrigeration
- GEA Refrigeration
- Frigel
- Bosch
- Daikin
- United Technologies
- Oilon
- Danfoss
- ARANER
- Fujitsu General
- LG Electronics
- Panasonic
- Carrier
- NIBE
Highlights of The High Temperature 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:
- Air to Water Monobloc Heat Pumps
- Air to Water Cylinder Heat Pumps
- Groundwater Heat Pump
- Split air-to-water heat pumps
- Exhaust Air Heat Pumps
- By Application:
- Papermaking Industrial
- Food Industrial
- Chemical
- Automobile
- Oil Refining Industrial
- Metal Industrial
- 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 High Temperature 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.
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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?
A high temperature heat pump is a type of air-conditioning system that uses refrigerants to transfer heat between the indoor and outdoor environments. The system works by transferring thermal energy from the colder environment inside the building to the warmer environment outside.
Some of the major players in the high temperature heat pump market are Johnson Controls, Mitsubishi Electric, Kobe Steel, Vicking Heating Engines, Ochsner Energie Technik, Hybrid Energy, Mayekawa, Conhitherm, Durr Thermea, Friotherm, Star Refrigeration, GEA Refrigeration, Frigel, Bosch, Daikin, United Technologies, Oilon, Danfoss, ARANER, Fujitsu General, LG Electronics, Panasonic, Carrier, NIBE.
The high temperature heat pump market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. High Temperature Heat Pump Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. High Temperature Heat Pump Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. High Temperature Heat Pump Market - Supply Chain
4.5. Global High Temperature Heat Pump Market Forecast
4.5.1. High Temperature Heat Pump Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. High Temperature Heat Pump Market Size (000 Units) and Y-o-Y Growth
4.5.3. High Temperature Heat Pump Market Absolute $ Opportunity
5. Global High Temperature Heat Pump Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. High Temperature Heat Pump Market Size and Volume Forecast by Type
5.3.1. Air to Water Monobloc Heat Pumps
5.3.2. Air to Water Cylinder Heat Pumps
5.3.3. Groundwater Heat Pump
5.3.4. Split air-to-water heat pumps
5.3.5. Exhaust Air Heat Pumps
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global High Temperature Heat Pump Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. High Temperature Heat Pump Market Size and Volume Forecast by Application
6.3.1. Papermaking Industrial
6.3.2. Food Industrial
6.3.3. Chemical
6.3.4. Automobile
6.3.5. Oil Refining Industrial
6.3.6. Metal Industrial
6.3.7. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global High Temperature Heat Pump Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. High Temperature Heat Pump Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global High Temperature Heat Pump Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. High Temperature Heat Pump Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global High Temperature Heat Pump Demand Share Forecast, 2019-2026
9. North America High Temperature Heat Pump Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America High Temperature Heat Pump Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America High Temperature Heat Pump Market Size and Volume Forecast by Application
9.4.1. Papermaking Industrial
9.4.2. Food Industrial
9.4.3. Chemical
9.4.4. Automobile
9.4.5. Oil Refining Industrial
9.4.6. Metal Industrial
9.4.7. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America High Temperature Heat Pump Market Size and Volume Forecast by Type
9.7.1. Air to Water Monobloc Heat Pumps
9.7.2. Air to Water Cylinder Heat Pumps
9.7.3. Groundwater Heat Pump
9.7.4. Split air-to-water heat pumps
9.7.5. Exhaust Air Heat Pumps
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America High Temperature Heat Pump Demand Share Forecast, 2019-2026
10. Latin America High Temperature Heat Pump Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America High Temperature Heat Pump Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America High Temperature Heat Pump Market Size and Volume Forecast by Application
10.4.1. Papermaking Industrial
10.4.2. Food Industrial
10.4.3. Chemical
10.4.4. Automobile
10.4.5. Oil Refining Industrial
10.4.6. Metal Industrial
10.4.7. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America High Temperature Heat Pump Market Size and Volume Forecast by Type
10.7.1. Air to Water Monobloc Heat Pumps
10.7.2. Air to Water Cylinder Heat Pumps
10.7.3. Groundwater Heat Pump
10.7.4. Split air-to-water heat pumps
10.7.5. Exhaust Air Heat Pumps
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America High Temperature Heat Pump Demand Share Forecast, 2019-2026
11. Europe High Temperature Heat Pump Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe High Temperature Heat Pump Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe High Temperature Heat Pump Market Size and Volume Forecast by Application
11.4.1. Papermaking Industrial
11.4.2. Food Industrial
11.4.3. Chemical
11.4.4. Automobile
11.4.5. Oil Refining Industrial
11.4.6. Metal Industrial
11.4.7. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe High Temperature Heat Pump Market Size and Volume Forecast by Type
11..1. Air to Water Monobloc Heat Pumps
11.7.2. Air to Water Cylinder Heat Pumps
11.7.3. Groundwater Heat Pump
11.7.4. Split air-to-water heat pumps
11.7.5. Exhaust Air Heat Pumps
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe High Temperature Heat Pump Demand Share, 2019-2026
12. Asia Pacific High Temperature Heat Pump Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific High Temperature Heat Pump Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific High Temperature Heat Pump Market Size and Volume Forecast by Application
12.4.1. Papermaking Industrial
12.4.2. Food Industrial
12.4.3. Chemical
12.4.4. Automobile
12.4.5. Oil Refining Industrial
12.4.6. Metal Industrial
12.4.7. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific High Temperature Heat Pump Market Size and Volume Forecast by Type
12.7.1. Air to Water Monobloc Heat Pumps
12.7.2. Air to Water Cylinder Heat Pumps
12.7.3. Groundwater Heat Pump
12.7.4. Split air-to-water heat pumps
12.7.5. Exhaust Air Heat Pumps
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific High Temperature Heat Pump Demand Share, 2019-2026
13. Middle East & Africa High Temperature Heat Pump Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa High Temperature Heat Pump Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa High Temperature Heat Pump Market Size and Volume Forecast by Application
13.4.1. Papermaking Industrial
13.4.2. Food Industrial
13.4.3. Chemical
13.4.4. Automobile
13.4.5. Oil Refining Industrial
13.4.6. Metal Industrial
13.4.7. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa High Temperature Heat Pump Market Size and Volume Forecast by Type
13.7.1. Air to Water Monobloc Heat Pumps
13.7.2. Air to Water Cylinder Heat Pumps
13.7.3. Groundwater Heat Pump
13.7.4. Split air-to-water heat pumps
13.7.5. Exhaust Air Heat Pumps
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa High Temperature Heat Pump Demand Share, 2019-2026
14. Competition Landscape
14.1. Global High Temperature Heat Pump Market: Market Share Analysis
14.2. High Temperature Heat Pump Distributors and Customers
14.3. High Temperature Heat Pump Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Johnson Controls
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Mitsubishi Electric
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kobe Steel
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Vicking Heating Engines
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ochsner Energie Technik
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hybrid Energy
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Mayekawa
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Conhitherm
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Durr Thermea
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Friotherm
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Star Refrigeration
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. GEA Refrigeration
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Frigel
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Bosch
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Daikin
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. United Technologies
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Oilon
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Danfoss
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strateg