Finland Cold Climate Air Source Heat Pump Market Size & Outlook

The cold climate air source heat pump market in Finland is expected to reach a projected revenue of US$ 50.1 million by 2030. A compound annual growth rate of 14.4% is expected of Finland cold climate air source heat pump market from 2023 to 2030.
Revenue, 2022 (US$M)
$17.2
Forecast, 2030 (US$M)
$50.1
CAGR, 2023 - 2030
14.3%
Report Coverage
Finland

Finland cold climate air source heat pump market highlights

  • The Finland cold climate air source heat pump market generated a revenue of USD 17.2 million in 2022 and is expected to reach USD 50.1 million by 2030.
  • The Finland market is expected to grow at a CAGR of 14.4% from 2023 to 2030.
  • In terms of segment, split systems was the largest revenue generating product in 2022.
  • Single Package Equipment is the most lucrative product segment registering the fastest growth during the forecast period.


Cold climate air source heat pump market data book summary

Market revenue in 2022USD 17.2 million
Market revenue in 2030USD 50.1 million
Growth rate14.4% (CAGR from 2022 to 2030)
Largest segmentSplit systems
Fastest growing segmentSingle Package Equipment
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSplit Systems, Single Package Equipment
Key market players worldwideCarrier Global Corp Ordinary Shares, Daikin Industries Ltd, Bosch, Lennox International Inc, Johnson Controls International PLC, Hitachi Ltd, Ingersoll Rand Inc, Panasonic Holdings Corp, Fujitsu Ltd, LG Electronics Inc ADR, Mitsubishi Corp


Other key industry trends

  • In terms of revenue, Finland accounted for 3.2% of the global cold climate air source heat pump market in 2022.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Europe, France cold climate air source heat pump market is projected to lead the regional market in terms of revenue in 2030.
  • Norway is the fastest growing regional market in Europe and is projected to reach USD 58.1 million by 2030.

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Cold Climate Air Source Heat Pump Market Scope

Cold Climate Air Source Heat Pump Market Companies

Name Profile # Employees HQ Website

Finland 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 87.21% in 2022. Horizon Databook has segmented the Finland 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.


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Horizon Databook provides a detailed overview of country-level data and insights on the Finland cold climate air source heat pump market , including forecasts for subscribers. This country databook contains high-level insights into Finland cold climate air source heat pump market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Finland cold climate air source heat pump market size, by product, 2018-2030 (US$M)

Finland Cold Climate Air Source Heat Pump Market Outlook Share, 2022 & 2030 (US$M)

Finland cold climate air source heat pump market size, by product, 2018-2030 (US$M)

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