Market revenue in 2022 | USD 1,203.8 million |
Market revenue in 2030 | USD 2,982.0 million |
Growth rate | 12% (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 |
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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 79.62% in 2022. Horizon Databook has segmented the Germany heat pump market based on air source, water source, geothermal covering the revenue growth of each sub-segment from 2018 to 2030.
According to the International monetary fund, the GDP of the country dropped by 4.6% in 2020 due to the COVID-19 pandemic. But the GDP of the country is expected to be recovered with a GDP growth of 3.1% in 2021 as the vaccination rollouts are increasing in the country.
The market is expected to be driven by increasing investments in the construction industry, favorable government initiatives, and policies targeting a reduction in carbon emissions caused by heating equipment and others. Product innovations are likely to support the growth of the market over the forecast period.
Horizon Databook provides a detailed overview of country-level data and insights on the Germany heat pump market , including forecasts for subscribers. This country databook contains high-level insights into Germany heat pump market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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