Market revenue in 2022 | USD 43,312.8 million |
Market revenue in 2030 | USD 85,131.9 million |
Growth rate | 8.8% (CAGR from 2022 to 2030) |
Largest segment | Air source |
Fastest growing segment | Geothermal |
Historical data covered | 2018 - 2021 |
Base year for estimation | 2022 |
Forecast period covered | 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 |
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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 86.2% in 2022. Horizon Databook has segmented the Asia Pacific heat pump market based on air source, water source, geothermal covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific is the fastest-growing region in the world, contributing to over two-thirds of global economic growth. According to a report by the International Monetary Fund (IMF), the GDP growth in the Asia Pacific contracted by 1.5% in 2020, in light of the containment measures and global economic slowdown during the COVID-19 pandemic.
The region is expected to record a CAGR of xx% over the forecast period. Factors such as improving economic conditions, rapid industrialization, and commercialization are anticipated to have a positive impact on market growth. The presence of a strong consumer base in the region has led to surge in the demand for heat pumps.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific heat pump market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific heat pump market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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