Global Heat Pump Market Size & Outlook, 2024-2030
Global heat pump market, 2018-2030 (US$M)
Related Markets
Global heat pump market highlights
- The global heat pump market generated a revenue of USD 86,514.0 million in 2024 and is expected to reach USD 147,996.3 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 9.5% by 2030.
- In terms of segment, air source accounted for a revenue of USD 79,848.3 million in 2024.
- Geothermal is the most lucrative technology segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 86,514.0 million |
| Market revenue in 2030 | USD 147,996.3 million |
| Growth rate | 9.5% (CAGR from 2025 to 2030) |
| Largest segment | Air source |
| Fastest growing segment | Geothermal |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Air Source, Water Source, Geothermal |
Other key industry trends
- In terms of revenue, the North America accounted for 21.6% of the global heat pump market in 2024.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, India is the fastest growing regional market and is projected to reach USD 735.9 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Heat Pump Market Scope
Heat Pump Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global heat pump market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to heat pump market will help companies and investors design strategic landscapes.
Air source was the largest segment with a revenue share of 92.3% in 2024. Horizon Databook has segmented the Global heat pump market based on air source, water source, geothermal covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Heat Pump Technology Outlook (Revenue, USD Million, 2018-2030)
- Air Source
- Air to Air
- Air to Water
- Water Source
- Geothermal
- Air Source
- Global Heat Pump Application Outlook (Revenue, USD Million, 2018-2030)
- Residential
- Industrial
- Commercial
- Global Heat Pump Capacity Outlook (Revenue, USD Million, 2018-2030)
- Upto 10 kW
- 10 to 20 kW
- 20 to 50 kW
- 50 to 100 kW
- 100 to 200 kW
- Above 200 kW
- Global Heat Pump Operation Type Outlook (Revenue, USD Million, 2018-2030)
- Electric
- Hybrid
Reasons to subscribe to Global heat pump market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global heat pump market databook
-
Our clientele includes a mix of heat pump market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global heat pump market , including forecasts for subscribers. This global databook contains high-level insights into Global heat pump market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global heat pump market size, by regions, 2018-2030 (US$M)
Top 10 countries: Heat pump market size, 2024 (US$M)
Global heat pump market share, by technology, 2024 & 2030 (%, US$M)
Heat pump market: Opportunity assessment by country
Global heat pump market, by region, 2024 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
