The global residential air source heat pumps market is expected to grow at a CAGR of 6.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for energy efficient and eco-friendly products in residential sector. The residential air source heat pumps are used for heating and cooling purposes in homes, offices, schools, hospitals etc, which makes them an attractive option for consumers looking for energy efficient solutions.
The global residential air source heat pumps market is segmented on the basis of type (air-to-air and water-to-air), application (rural and city) and region (North America, Latin America, Europe, Asia Pacific & Middle East & Africa). North America dominates the global residential air source heat pumps market with a share of over 40%. This can be attributed to the high adoption rate of these products in this region owing to its cold climate conditions.
-The residential air source heat pump market is expected to grow at a CAGR of 6.5% from 2017 to 2022.
-The residential air source heat pump market is driven by the increasing demand for energy efficient and environmentally friendly products, which are driving the growth of this market.
-The residential air source heat pump market is also driven by the increasing awareness about the benefits of using these products, which has led to an increase in their adoption rates.
-Increasing population and urbanization are also driving this market as more people move into cities and live in apartments, where they have less space for heating systems that use fossil fuels such as natural gas or oil.
-In addition, rising electricity prices are also driving this market because it makes it more expensive to use traditional heating systems that rely on electricity for power generation.
Industry Growth Insights published a new data on “Residential Air Source Heat Pumps Market”. The research report is titled “Residential Air Source Heat Pumps Market research by Types (Air-to-Air, Air-to-Water), By Applications (Rural, City), By Players/Companies Daikin Industries, Mitsubishi Electric, Fujitsu General, Panasonic, Carrier, Bryant, LG Electronics, lennox, Aermec, Sanden International, NIBE, Bosch Thermotechnik, Danfoss, A. O. Smith, Ingersoll-Rand, Viessmann”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Residential Air Source Heat Pumps Market Research Report
By Type
Air-to-Air, Air-to-Water
By Application
Rural, City
By Companies
Daikin Industries, Mitsubishi Electric, Fujitsu General, Panasonic, Carrier, Bryant, LG Electronics, lennox, Aermec, Sanden International, NIBE, Bosch Thermotechnik, Danfoss, A. O. Smith, Ingersoll-Rand, Viessmann
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Residential Air Source Heat Pumps Market Report Segments:
The global Residential Air Source Heat Pumps 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
Rural, City
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
- Panasonic
- Carrier
- Bryant
- LG Electronics
- lennox
- Aermec
- Sanden International
- NIBE
- Bosch Thermotechnik
- Danfoss
- A. O. Smith
- Ingersoll-Rand
- Viessmann
Highlights of The Residential Air Source Heat Pumps 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:
- Rural
- City
- 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 Residential Air Source Heat Pumps 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?
Residential air source heat pumps are a type of energy-efficient heating and cooling system that uses the natural warmth of air to heat or cool your home. They use less energy than other types of heating and cooling systems, so they're a good choice if you want to save money on your bills.
Some of the key players operating in the residential air source heat pumps market are Daikin Industries, Mitsubishi Electric, Fujitsu General, Panasonic, Carrier, Bryant, LG Electronics, lennox, Aermec, Sanden International, NIBE, Bosch Thermotechnik, Danfoss, A. O. Smith, Ingersoll-Rand, Viessmann.
The residential air source heat pumps market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Residential Air Source Heat Pumps 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. Residential Air Source Heat Pumps Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Residential Air Source Heat Pumps Market - Supply Chain
4.5. Global Residential Air Source Heat Pumps Market Forecast
4.5.1. Residential Air Source Heat Pumps Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Residential Air Source Heat Pumps Market Size (000 Units) and Y-o-Y Growth
4.5.3. Residential Air Source Heat Pumps Market Absolute $ Opportunity
5. Global Residential Air Source Heat Pumps 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. Residential Air Source Heat Pumps Market Size and Volume Forecast by Type
5.3.1. Air-to-Air
5.3.2. Air-to-Water
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Residential Air Source Heat Pumps 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. Residential Air Source Heat Pumps Market Size and Volume Forecast by Application
6.3.1. Rural
6.3.2. City
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Residential Air Source Heat Pumps 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. Residential Air Source Heat Pumps 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 Residential Air Source Heat Pumps 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. Residential Air Source Heat Pumps 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 Residential Air Source Heat Pumps Demand Share Forecast, 2019-2026
9. North America Residential Air Source Heat Pumps 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 Residential Air Source Heat Pumps 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 Residential Air Source Heat Pumps Market Size and Volume Forecast by Application
9.4.1. Rural
9.4.2. City
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Residential Air Source Heat Pumps Market Size and Volume Forecast by Type
9.7.1. Air-to-Air
9.7.2. Air-to-Water
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 Residential Air Source Heat Pumps Demand Share Forecast, 2019-2026
10. Latin America Residential Air Source Heat Pumps 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 Residential Air Source Heat Pumps 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 Residential Air Source Heat Pumps Market Size and Volume Forecast by Application
10.4.1. Rural
10.4.2. City
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Residential Air Source Heat Pumps Market Size and Volume Forecast by Type
10.7.1. Air-to-Air
10.7.2. Air-to-Water
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 Residential Air Source Heat Pumps Demand Share Forecast, 2019-2026
11. Europe Residential Air Source Heat Pumps 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 Residential Air Source Heat Pumps 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 Residential Air Source Heat Pumps Market Size and Volume Forecast by Application
11.4.1. Rural
11.4.2. City
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Residential Air Source Heat Pumps Market Size and Volume Forecast by Type
11.7.1. Air-to-Air
11.7.2. Air-to-Water
11.8. Basis Point Share (BPS) Analysis by Tpe
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 Residential Air Source Heat Pumps Demand Share, 2019-2026
12. Asia Pacific Residential Air Source Heat Pumps 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 Residential Air Source Heat Pumps 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 Residential Air Source Heat Pumps Market Size and Volume Forecast by Application
12.4.1. Rural
12.4.2. City
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Residential Air Source Heat Pumps Market Size and Volume Forecast by Type
12.7.1. Air-to-Air
12.7.2. Air-to-Water
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 Residential Air Source Heat Pumps Demand Share, 2019-2026
13. Middle East & Africa Residential Air Source Heat Pumps 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 Residential Air Source Heat Pumps 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 Residential Air Source Heat Pumps Market Size and Volume Forecast by Application
13.4.1. Rural
13.4.2. City
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Residential Air Source Heat Pumps Market Size and Volume Forecast by Type
13.7.1. Air-to-Air
13.7.2. Air-to-Water
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 Residential Air Source Heat Pumps Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Residential Air Source Heat Pumps Market: Market Share Analysis
14.2. Residential Air Source Heat Pumps Distributors and Customers
14.3. Residential Air Source Heat Pumps Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Daikin Industries
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. Fujitsu General
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Panasonic
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Carrier
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Bryant
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. LG Electronics
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. lennox
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Aermec
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Sanden International
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. NIBE
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Bosch Thermotechnik
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Danfoss
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. A. O. Smith
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Ingersoll-Rand
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Viessmann
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
