Global Cold Climate Air Source Heat Pump Market Size & Outlook
The cold climate air source heat pump industry worldwide is expected to reach a projected revenue of US$ 1,264.3 million by 2030. A compound annual growth rate of 11.5% is expected of the worldwide cold climate air source heat pump industry from 2023 to 2030.
Revenue, 2022 (US$M)
$529.9
Forecast, 2030 (US$M)
$1,264.3
CAGR, 2023 - 2030
11.5%
Report Coverage
Worldwide
Global cold climate air source heat pump market, 2018-2030 (US$M)
Related Markets
Global cold climate air source heat pump market highlights
- The global cold climate air source heat pump market generated a revenue of USD 529.9 million in 2022 and is expected to reach USD 1,264.3 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 11.5% by 2030.
- In terms of segment, split systems accounted for a revenue of USD 456.0 million in 2022.
- Single Package Equipment is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2022.
- Country-wise, South Korea is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 529.9 million |
| Market revenue in 2030 | USD 1,264.3 million |
| Growth rate | 11.5% (CAGR from 2022 to 2030) |
| Largest segment | Split systems |
| Fastest growing segment | Single Package Equipment |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Split Systems, Single Package Equipment |
Other key industry trends
- In terms of revenue, the North America accounted for 48.9% of the global cold climate air source heat pump market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Korea is the fastest growing regional market and is projected to reach USD 11.2 million by 2030.
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Cold Climate Air Source Heat Pump Market Scope
Cold climate air source heat pump market segmentation & scope
Cold Climate Air Source Heat Pump Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global cold climate air source 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 cold climate air source heat pump market will help companies and investors design strategic landscapes.
Split systems was the largest segment with a revenue share of 86.05% in 2022. Horizon Databook has segmented the Global cold climate air source heat pump market based on split systems, single package equipment covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Cold Climate Air Source Heat Pump product Outlook (Revenue, USD million, 2018-2030)
- Split Systems
- Single Package Equipment
- Global Cold Climate Air Source Heat Pump application Outlook (Revenue, USD million, 2018-2030)
- Residential
- Commercial
- Global Cold Climate Air Source Heat Pump Operation Type Outlook (Revenue, USD million, 2018-2030)
- Electric
- Hybrid
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Target buyers of Global cold climate air source heat pump market databook
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Our clientele includes a mix of cold climate air source heat pump market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global cold climate air source heat pump market , including forecasts for subscribers. This global databook contains high-level insights into Global cold climate air source heat pump market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global cold climate air source heat pump market size, by region, 2018-2030 (US$M)
Top 10 countries: Cold climate air source heat pump market size, 2022 (US$M)
Global cold climate air source heat pump market share, by product, 2022 & 2030 (%, US$M)
Cold Climate Air Source Heat Pump Market: Opportunity Assessment By Country
Global cold climate air source heat pump market, by region, 2022 (US$M)
Related regional statistics
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