Asia Pacific Heat Pump Market Size & Outlook, 2026-2033
Related Markets
Asia Pacific heat pump market highlights
- The Asia Pacific heat pump market generated a revenue of USD 54,800.0 million in 2025.
- The market is expected to grow at a CAGR of 10.1% from 2026 to 2033.
- In terms of segment, air source was the largest revenue generating technology in 2025.
- Geothermal is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2026 to 2033.
Asia Pacific data book summary
| Market revenue in 2025 | USD 54,800.0 million |
| Market revenue in 2033 | USD 116,470.0 million |
| Growth rate | 10.1% (CAGR from 2026 to 2033) |
| Largest segment | Air source |
| Fastest growing segment | Geothermal |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Air Source, Water Source, Geothermal |
| Key market players worldwide | Carrier Corporation, Daikin Industries Ltd, Robert Bosch GmbH, Lennox International Inc, Johnson Controls, Inc., Midea Group, Hitachi Ltd, Ingersoll Rand Inc, Rheem Manufacturing, Haier, Panasonic Holdings Corp, Danfoss A/S, Fujitsu Ltd, LG Electronics, SAMSUNG |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 58.0% of the global heat pump market in 2025.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- North America is the fastest growing regional market and is projected to reach USD 45,484.6 million by 2033.
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 |
|---|---|---|---|---|
| LG Electronics | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | http://www.lg.com |
| Robert Bosch GmbH | View profile | - | - | - |
| Johnson Controls, Inc. | View profile | - | - | - |
| SAMSUNG | View profile | - | - | - |
| Carrier Corporation | View profile | 10001+ | Palm Beach Gardens, Florida, United States, North America | https://www.carrier.com |
| Midea Group | View profile | 10001+ | Beijiao, Guangdong, China, Asia | https://midea-group.com |
| Rheem Manufacturing | View profile | 5001-10000 | Atlanta, Georgia, United States, North America | http://www.rheem.com |
| Lennox International Inc | View profile | 12600 | 2140 Lake Park Boulevard, Richardson, TX, United States, 75080 | https://www.lennox.com |
| Haier | View profile | 10001+ | Qingdao Shi, Shandong, China, Asia | http://haier.com/in |
| Ingersoll Rand Inc | View profile | 18000 | 525 Harbour Place Drive, Suite 600, Davidson, NC, United States, 28036 | https://www.irco.com |
| Daikin Industries Ltd | View profile | 107127 | Umeda Center Building, 2-4-12, Nakazaki-Nishi, Kita-ku, Osaka, Japan, 530-8323 | http://www.daikin.com |
| Danfoss A/S | View profile | 10001+ | Nordborg, Syddanmark, Denmark, Europe | https://www.danfoss.com |
| Panasonic Holdings Corp | View profile | 230025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | https://holdings.panasonic |
| Hitachi Ltd | View profile | 322525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | http://www.hitachi.com |
| Fujitsu Ltd | View profile | 124055 | Shiodome City Center, 1-5-2 Higashi-Shimbashi, Minato-ku, Tokyo, Japan, 105-7123 | http://www.fujitsu.com |
Asia Pacific 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 93.15% in 2025. 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 2021 to 2033.
Reasons to subscribe to Asia Pacific 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 Asia Pacific 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 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 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific heat pump market size, by country, 2021-2033 (US$M)
Asia Pacific Heat Pump Market Outlook Share, 2025 & 2033 (US$M)
Related 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
