Latin America Heat Pump Market Size & Outlook, 2022-2030
Latin America heat pump market, 2018-2030 (US$M)
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Latin America heat pump market highlights
- The Latin America heat pump market generated a revenue of USD 674.2 million in 2022.
- The market is expected to grow at a CAGR of 7% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 674.2 million |
| Market revenue in 2030 | USD 1,155.3 million |
| Growth rate | 7% (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 |
Other key industry trends
- In terms of revenue, Latin America region accounted for 0.8% of the global heat pump market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 39,373.0 million by 2030.
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Heat Pump Market Scope
Heat Pump Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 83.05% in 2022. Horizon Databook has segmented the Latin America heat pump market based on air source, water source, geothermal covering the revenue growth of each sub-segment from 2018 to 2030.
The Central & South America region is one of the hardest-hit regions the COVID-19 virus. The pandemic is significantly affecting the socio-economic conditions in the region, thereby exacerbating an existing complex scenario of structural weaknesses such as high informality and inequality, low productivity, and deficient public services and institutions. According to the Economic Commission for Latin America and the Caribbean.
Central & South American countries such as Brazil, Peru, and Argentina have started economic revival as manufacturing net exports have returned to pre-pandemic levels. Factors such as the influx of remittances, increasing food costs, and effective governmental assistance in terms of economic aid have helped economies to improve their GDP growth.
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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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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 Latin America heat pump market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America heat pump market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America heat pump market size, by country, 2018-2030 (US$M)
Latin America Heat Pump Market Outlook Share, 2022 & 2030 (US$M)
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