List of Figures

FIGURE 1 HEAT PUMP MARKET: RESEARCH DESIGN 17
FIGURE 2 BOTTOM-UP APPROACH 21
FIGURE 3 DATA TRIANGULATION 23
FIGURE 4 ASSUMPTIONS 24
FIGURE 5 HEAT PUMP MARKET, BY RATED CAPACITY, 2018–2023 (USD BILLION) 26
FIGURE 6 THE RESIDENTIAL SEGMENT IS EXPECTED TO DOMINATE THE HEAT PUMP MARKET DURING THE FORECAST PERIOD 27
FIGURE 7 HEAT PUMP MARKET, BY REGION, 2018–2023 (USD BILLION) 27
FIGURE 8 ASIA PACIFIC HELD A MAJOR SHARE OF THE HEAT PUMP MARKET IN 2017 28
FIGURE 2 THE UP TO 10 KW SEGMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 30
FIGURE 3 THE AIR TO AIR SEGMENT IS EXPECTED TO DOMINATE THE
HEAT PUMP MARKET, 2023 31
FIGURE 4 ITALY HELD THE LARGEST MARKET SHARE IN 2017 32
FIGURE 5 CHINA IS EXPECTED TO BE THE FASTEST-GROWING MARKET FOR HEAT PUMP DURING THE FORECAST PERIOD 33
FIGURE 6 MARKET DYNAMICS FOR THE HEAT PUMP MARKET 34
FIGURE 7 AIR TO AIR SEGMENT IS EXPECTED TO DOMINATE THE HEAT PUMP MARKET BY TYPE, IN 2017 41
FIGURE 8 UP TO 10 KW SEGMENT IS EXPECTED TO DOMINATE THE HEAT PUMP MARKET BY RATED CAPACITY, IN 2017 45
FIGURE 9 RESIDENTIAL SEGMENT IS EXPECTED TO DOMINATE THE HEAT PUMP MARKET
IN 2017 50
FIGURE 10 REGIONAL CAGR SNAPSHOT (2017): THE ASIA PACIFIC REGION IS EMERGING AS
A NEW HOTSPOT FOR THE HEAT PUMP MARKET 55
FIGURE 11 ASIA PACIFIC: THE FASTEST GROWING HEAT PUMP MARKET, 2018– 2023 56
FIGURE 12 ASIA PACIFIC: HEAT PUMP MARKET OVERVIEW 58
FIGURE 13 EUROPE: HEAT PUMP MARKET OVERVIEW 66
FIGURE 14 KEY DEVELOPMENTS IN THE HEAT PUMP MARKET, 2014–2018 84
FIGURE 15 PLAYERS HELD 60% SHARE OF THE HEAT PUMP MARKET IN 2017 85
FIGURE 16 MIDEA: COMPANY SNAPSHOT 90
FIGURE 17 UTC: COMPANY SNAPSHOT 93
FIGURE 18 DAIKIN: COMPANY SNAPSHOT 97
FIGURE 19 NIBE: COMPANY SNAPSHOT 101
FIGURE 20 INGERSOLL-RAND: COMPANY SNAPSHOT 105
FIGURE 21 PANASONIC: COMPANY SNAPSHOT 114
FIGURE 22 MITSUBISHI: COMPANY SNAPSHOT 117
FIGURE 23 DANFOSS: COMPANY SNAPSHOT 122

 

List of Tables

TABLE 1 HEAT PUMP MARKET SNAPSHOT 26
TABLE 2 LATEST GLOBAL POLICY/INCENTIVES 36
TABLE 3 HEAT PUMP MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION) 41
TABLE 4 AIR TO AIR: HEAT PUMP MARKET, BY REGION, 2016–2023 (USD MILLION) 42
TABLE 5 AIR TO WATER: HEAT PUMP MARKET, BY REGION, 2016–2023 (USD MILLION) 43
TABLE 6 HEAT PUMP MARKET SIZE, BY RATED CAPACITY, 2016–2023 (USD MILLION) 45
TABLE 7 UP TO 10 KW: HEAT PUMP MARKET, BY REGION, 2016–2023 (USD MILLION) 46
TABLE 8 10–20 KW: HEAT PUMP MARKET, BY REGION, 2016–2023 (USD MILLION) 46
TABLE 9 20–30 KW: HEAT PUMP MARKET, BY REGION, 2016–2023 (USD MILLION) 47
TABLE 10 ABOVE 30 KW: HEAT PUMP MARKET, BY REGION, 2016–2023 (USD MILLION) 48
TABLE 11 HEAT PUMP MARKET SIZE, BY END-USER, 2016–2023 (USD MILLION) 50
TABLE 12 RESIDENTIAL: HEAT PUMP MARKET, BY REGION, 2016–2023 (USD MILLION) 51
TABLE 13 COMMERCIAL: HEAT PUMP MARKET, BY REGION, 2016–2023 (USD MILLION) 52
TABLE 14 COMMERCIAL: HEAT PUMP MARKET, BY SUB-SECTOR, 2016–2023 (USD MILLION) 52
TABLE 15 INDUSTRIAL: HEAT PUMP MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 53
TABLE 16 INDUSTRIAL: HEAT PUMP MARKET, BY SUB-SECTOR, 2016–2023 (USD MILLION) 53
TABLE 17 HEAT PUMP MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 56
TABLE 18 ASIA PACIFIC: HEAT PUMP MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION) 59
TABLE 19 ASIA PACIFIC: HEAT PUMP MARKET SIZE, BY END-USER 2016–2023 (USD MILLION) 59
TABLE 20 ASIA PACIFIC: HEAT PUMP MARKET SIZE FOR COMMERCIAL, BY SUB END-USER, 2016–2023 (USD MILLION) 59
TABLE 21 ASIA PACIFIC: HEAT PUMP MARKET SIZE FOR INDUSTRIAL, BY SUB END-USER, 2016–2023 (USD MILLION) 60
TABLE 22 ASIA PACIFIC: HEAT PUMP MARKET SIZE, BY RATED CAPACITY 2016–2023 (USD MILLION) 60
TABLE 23 ASIA PACIFIC: HEAT PUMP MARKET SIZE, BY COUNTRY 2016–2023 (USD MILLION) 61
TABLE 24 CHINA: HEAT PUMP MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION) 62
TABLE 25 INDIA: HEAT PUMP MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION) 62
TABLE 26 JAPAN: HEAT PUMP MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION) 63
TABLE 27 SOUTH KOREA: HEAT PUMP MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION) 64
TABLE 28 AUSTRALIA: HEAT PUMP MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION) 64
TABLE 29 REST OF ASIA PACIFIC: HEAT PUMP MARKET SIZE, BY TYPE 2016–2023 (USD MILLION) 65
TABLE 30 EUROPE: HEAT PUMP MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION) 67
TABLE 31 EUROPE: HEAT PUMP MARKET SIZE, BY END-USER, 2016–2023 (USD MILLION) 67
TABLE 32 EUROPE: HEAT PUMP MARKET SIZE FOR COMMERCIAL, BY SUB END-USER 2016–2023 (USD MILLION) 67
TABLE 33 EUROPE: HEAT PUMP MARKET SIZE FOR INDUSTRIAL, BY SUB END-USER 2016–2023 (USD MILLION) 68
TABLE 34 EUROPE: HEAT PUMP MARKET SIZE, BY RATED CAPACITY 2016–2023 (USD MILLION) 68
TABLE 35 EUROPE: HEAT PUMP MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION) 69
TABLE 36 ITALY: HEAT PUMP MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION) 69
TABLE 37 SPAIN: HEAT PUMP MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION) 70
TABLE 38 FRANCE: HEAT PUMP MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION) 70
TABLE 39 PORTUGAL: HEAT PUMP MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION) 71
TABLE 40 SWEDEN: HEAT PUMP MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION) 71
TABLE 41 NETHERLANDS: HEAT PUMP MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION) 72
TABLE 42 FINLAND: HEAT PUMP MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION) 72
TABLE 43 GERMANY: HEAT PUMP MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION) 73
TABLE 44 REST OF EUROPE: HEAT PUMP MARKET SIZE, BY TYPE 2016–2023 (USD MILLION) 73
TABLE 45 NORTH AMERICA: HEAT PUMP MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION) 74
TABLE 46 NORTH AMERICA: HEAT PUMP MARKET SIZE, BY END-USER 2016–2023 (USD MILLION) 74
TABLE 47 NORTH AMERICA: HEAT PUMP MARKET SIZE FOR COMMERCIAL BY SUB END-USER, 2016–2023 (USD MILLION) 75
TABLE 48 NORTH AMERICA: HEAT PUMP MARKET SIZE FOR INDUSTRIAL, BY SUB END-USER, 2016–2023 (USD MILLION) 75
TABLE 49 NORTH AMERICA: HEAT PUMP MARKET SIZE, BY RATED CAPACITY 2016–2023 (USD MILLION) 75
TABLE 50 NORTH AMERICA: HEAT PUMP MARKET SIZE, BY COUNTRY 2016–2023 (USD MILLION) 76
TABLE 51 US: HEAT PUMP MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION) 77
TABLE 52 CANADA: HEAT PUMP MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION) 77
TABLE 53 MEXICO: HEAT PUMP MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION) 78
TABLE 54 REST OF THE WORLD: HEAT PUMP MARKET SIZE, BY TYPE 2016–2023 (USD MILLION) 78
TABLE 55 REST OF THE WORLD: HEAT PUMP MARKET SIZE, BY END-USER 2016–2023 (USD MILLION) 79
TABLE 56 REST OF THE WORLD: HEAT PUMP MARKET SIZE FOR COMMERCIAL BY SUB END-USER, 2016–2023 (USD MILLION) 79
TABLE 57 REST OF THE WORLD: HEAT PUMP MARKET SIZE FOR INDUSTRIAL BY SUB END-USER, 2016–2023 (USD MILLION) 80
TABLE 58 REST OF THE WORLD: HEAT PUMP MARKET SIZE, BY RATED CAPACITY 2016–2023 (USD MILLION) 80
TABLE 59 REST OF THE WORLD: HEAT PUMP MARKET SIZE, BY REGION 2016–2023 (USD MILLION) 80
TABLE 60 MIDDLE EAST: HEAT PUMP MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION) 81
TABLE 61 SOUTH AMERICA: HEAT PUMP MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION) 82
TABLE 62 AFRICA: HEAT PUMP MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION) 82
TABLE 63 NIBE WAS THE MOST ACTIVE PLAYER IN THE MARKET BETWEEN 2014 AND 2017 86
TABLE 64 MERGER AND ACQUISITION, 2015–2017 86
TABLE 65 CONTRACT & AGREEMENT, 2015–2017 87
TABLE 66 NEW PRODUCT LAUNCH, 2014–2017 87
TABLE 67 INVESTMENTS AND EXPANSIONS, 2015–2017 87
TABLE 68 OTHERS, 2015–2017 88