South Korea Residential Heat Pump Market Size & Outlook
South Korea residential heat pump market, 2015-2025 (US$M)
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South Korea residential heat pump market highlights
- The South Korea residential heat pump market generated a revenue of USD 415.8 million in 2018 and is expected to reach USD 847.4 million by 2025.
- The South Korea market is expected to grow at a CAGR of 10.7% from 2019 to 2025.
- In terms of segment, air to air was the largest revenue generating technology in 2018.
- Air to Air is the most lucrative technology segment registering the fastest growth during the forecast period.
Residential heat pump market data book summary
| Market revenue in 2018 | USD 415.8 million |
| Market revenue in 2025 | USD 847.4 million |
| Growth rate | 10.7% (CAGR from 2018 to 2025) |
| Largest segment | Air to air |
| Fastest growing segment | Air to Air |
| Historical data | 2015 - 2017 |
| Base year | 2018 |
| Forecast period | 2019 - 2025 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Air to Air, Water Source |
| Key market players worldwide | Daikin Industries Ltd, Emerson Electric Co, Carrier Corporation, Vaillant Group, Mitsubishi Electric Corp, Robert Bosch Engineering & Business Solutions, Nortek Global HVAC |
Other key industry trends
- In terms of revenue, South Korea accounted for 5.1% of the global residential heat pump market in 2018.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2025.
- In Asia Pacific, China residential heat pump market is projected to lead the regional market in terms of revenue in 2025.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,127.7 million by 2025.
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Residential Heat Pump Market Scope
Residential Heat Pump Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea residential 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 residential heat pump market will help companies and investors design strategic landscapes.
Air to air was the largest segment with a revenue share of 69.17% in 2018. Horizon Databook has segmented the South Korea residential heat pump market based on air to air, water source covering the revenue growth of each sub-segment from 2015 to 2025.
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Target buyers of South Korea residential heat pump market databook
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Our clientele includes a mix of residential 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 South Korea residential heat pump market , including forecasts for subscribers. This country databook contains high-level insights into South Korea residential heat pump market from 2015 to 2025, including revenue numbers, major trends, and company profiles.
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South Korea residential heat pump market size, by technology, 2015-2025 (US$M)
South Korea Residential Heat Pump Market Outlook Share, 2018 & 2025 (US$M)
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