Brazil Heat Pump Market Size & Outlook, 2022-2030
Brazil heat pump market, 2018-2030 (US$M)
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Brazil heat pump market highlights
- The Brazil heat pump market generated a revenue of USD 286.6 million in 2022 and is expected to reach USD 506.8 million by 2030.
- The Brazil market is expected to grow at a CAGR of 7.4% 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 286.6 million |
| Market revenue in 2030 | USD 506.8 million |
| Growth rate | 7.4% (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, Brazil accounted for 0.4% 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 |
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Brazil 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 80.64% in 2022. Horizon Databook has segmented the Brazil heat pump market based on air source, water source, geothermal covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is one of the major developing economies in the Central & South America region. However, the COVID-19 pandemic has triggered a deep recession in the country. Improving fiscal outcomes is one of the major challenges in the country owing to the high debt burden, which has been further worsened due to the pandemic. Strong monetary and fiscal policy measures in response to the pandemic have managed to avoid a sharper economic contraction in the country.
Brazil is one of the major developing countries in the Central & South America region. Some of the major industries contributing to the country’s economic growth include automobile, oil & gas, construction, iron & steel, and machinery & equipment. Construction industry in Brazil is anticipated to witness significant growth on account of efforts taken by the government to revive the economy, followed by improvement in consumer and investor confidence.
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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 Brazil heat pump market , including forecasts for subscribers. This country databook contains high-level insights into Brazil heat pump market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil heat pump market size, by technology, 2018-2030 (US$M)
Brazil Heat Pump Market Outlook Share, 2022 & 2030 (US$M)
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