Argentina Heat Pump Market Size & Outlook, 2022-2030
Argentina heat pump market, 2018-2030 (US$M)
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Argentina heat pump market highlights
- The Argentina heat pump market generated a revenue of USD 155.5 million in 2022 and is expected to reach USD 268.7 million by 2030.
- The Argentina market is expected to grow at a CAGR of 7.1% from 2023 to 2030.
- In terms of segment, air source was the largest revenue generating technology in 2022.
- Geothermal is the most lucrative technology segment registering the fastest growth during the forecast period.
Heat pump market data book summary
| Market revenue in 2022 | USD 155.5 million |
| Market revenue in 2030 | USD 268.7 million |
| Growth rate | 7.1% (CAGR from 2022 to 2030) |
| Largest segment | Air source |
| Fastest growing segment | Geothermal |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Air Source, Water Source, Geothermal |
| Key market players worldwide | Carrier Global Corp Ordinary Shares, Daikin Industries Ltd, Robert Bosch Engineering & Business Solutions, Lennox International Inc, Johnson Controls International PLC, Hitachi Ltd, Ingersoll Rand Inc, Palomar Holdings Inc, Haier, Panasonic Holdings Corp, Danfoss A/S, Fujitsu Ltd, LG Electronics Inc ADR, Samsung Electronics Co Ltd, Midea Group |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.2% of the global heat pump market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil heat pump market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 506.8 million by 2030.
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Heat Pump Market Scope
Heat Pump Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Argentina 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 83.34% in 2022. Horizon Databook has segmented the Argentina heat pump market based on air source, water source, geothermal covering the revenue growth of each sub-segment from 2018 to 2030.
Argentina was already in economic turmoil before the COVID-19 pandemic. the uncertainty pertaining to restructuring of public debt was high, whereas the economy was already in recession. However, the country reported a GDP contraction of 9.9% in 2020 due to the COVID-19 pandemic, as per the data provided by the World Bank. Economic aid and stand-by loans from the IMF and the restructuring of debt are expected to improve the economic profile of the country in the coming years.
Argentina has no national building code or policies for requiring new structures to meet near-zero energy norms, however, various cities are developing and adopting energy efficient building codes. Furthermore, Argentina has no formal building retrofitting strategy. Although, there is no national construction code, the localities are establishing and implementing energy measures, such as requiring the replacement of inefficient heating systems.
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Our clientele includes a mix of heat pump market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 country-level data and insights on the Argentina heat pump market , including forecasts for subscribers. This country databook contains high-level insights into Argentina heat pump market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina heat pump market size, by technology, 2018-2030 (US$M)
Argentina Heat Pump Market Outlook Share, 2022 & 2030 (US$M)
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