World - Heat Pumps (Other Than Air Conditioning Machines) - Market Analysis, Forecast, Size, Trends and Insights
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Heat pump market: find new facts and figures featured by an Ai-driven market intelligence platform. Facts and figures include exports, market size, imports, companies, trade, production, market prices, and consumption. Here is a split by region, including the U.S., Africa, Latin America, the Middle East, EU, China, the U.K., and Russia. Market dynamics and forecast to 2030 are also featured in the reports.
Heat Pump - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | China |
| 2 | United States |
| 3 | India |
| 4 | Germany |
| 5 | Japan |
In value terms, the largest heat pump markets worldwide were China, the United States and India, together comprising 41% of the global market. These countries were followed by Germany, Japan, Mexico, Indonesia, Canada, France, South Korea, Italy, Democratic Republic of the Congo and Thailand, which together accounted for a further 31%.
Thailand recorded the highest rates of growth with regard to market size, in terms of the main consuming countries over the period under review, while heat pump market for the other global leaders experienced more modest paces of growth.
Heat Pump Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per unit | ||||
| China | 565 | 615 | 615 | 4.3% |
| Mexico | 700 | 652 | 618 | -6.0% |
| Belgium | 1360 | 1356 | 886 | -19.3% |
| Slovakia | 732 | 792 | 892 | 10.4% |
| Spain | 1391 | 1267 | 1189 | -7.5% |
| Italy | 1353 | 1241 | 1347 | -0.2% |
| Japan | 1108 | 1613 | 1567 | 18.9% |
| France | 1843 | 1623 | 1677 | -4.6% |
| Germany | 1288 | 1600 | 1683 | 14.3% |
| Sweden | 2049 | 2181 | 1708 | -8.7% |
| Czech Republic | 1750 | 1903 | 1755 | 0.2% |
| Austria | 3578 | 1824 | 1833 | -28.4% |
| Average | 1237 | 1307 | 1289 | 2.1% |
There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Austria ($1,833 per unit), while China ($615 per unit) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per unit | ||||
| United Kingdom | 1997 | 1632 | 2078 | 2.0% |
| Switzerland | 2397 | 2007 | 1851 | -12.1% |
| Netherlands | 1997 | 1497 | 1564 | -11.5% |
| Austria | 1997 | 1615 | 1503 | -13.2% |
| Germany | 1997 | 1412 | 1499 | -13.4% |
| Poland | 1997 | 1615 | 1461 | -14.5% |
| Czech Republic | 1997 | 1398 | 1420 | -15.7% |
| Italy | 1834 | 1282 | 1133 | -21.4% |
| France | 1304 | 1097 | 1098 | -8.2% |
| Spain | 1548 | 1213 | 945 | -21.9% |
| Australia | 1032 | 1012 | 894 | -6.9% |
| Belgium | 1995 | 1251 | 775 | -37.7% |
| United States | 650 | 548 | 621 | -2.3% |
| Average | 1716 | 1388 | 1302 | -12.9% |
Prices varied noticeably by the country of destination; the country with the highest price was the UK ($2,078 per unit), while the United States ($621 per unit) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the UK, while the other global leaders experienced a decline in the import price figures.
Heat Pump - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| Germany | 0.3 | 0.3 | 0.4 | 17.5% |
| France | 0.1 | 0.2 | 0.3 | 60.3% |
| Switzerland | 0.1 | 0.1 | 0.2 | 12.6% |
| Netherlands | 0.1 | 0.1 | 0.1 | 20.3% |
| Poland | 0.08 | 0.09 | 0.1 | 23.3% |
In value terms, Germany ($352M), France ($303M) and Switzerland ($169M) constituted the countries with the highest levels of imports in 2020, with a combined 33% share of global imports. The Netherlands, Poland, the UK, Italy, Austria, the United States, Belgium, the Czech Republic, Spain and Australia lagged somewhat behind, together comprising a further 38%.
Belgium (+60.7% per year) saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Heat Pump - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| France | 0.3 | 0.6 | 0.6 | 34.6% |
| Germany | 0.3 | 0.3 | 0.4 | 14.5% |
| Sweden | 0.2 | 0.2 | 0.3 | 17.8% |
| China | 0.2 | 0.3 | 0.3 | 9.3% |
| Italy | 0.2 | 0.2 | 0.2 | 15.2% |
In value terms, France ($587M), Germany ($406M) and Sweden ($303M) were the countries with the highest levels of exports in 2020, together accounting for 47% of global exports. China, Italy, Japan, the Czech Republic, Austria, Slovakia, Mexico, Spain and Belgium lagged somewhat behind, together accounting for a further 41%.
Among the main exporting countries, Belgium (+200.2% per year) saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Heat Pump - Market Forecast
The heat pump market is expected to start a downward consumption trend over the next decade. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -0.0% for the ten-year period from 2020 to 2030, which is projected to depress the market volume to by the end of 2030.
Heat Pump - Top Companies
Johnson Controls, Inc., Gree Electric Appliances, Inc. of Zhuhai, DAIKIN INDUSTRIES, LTD., Ingersoll-Rand US Trane Holdings Corporation, Trane Inc., Trane U.S. Inc., Carrier Corporation, Hisense Kelon Electrical Holdings Co., Ltd., BHARAT HEAVY ELECTRICALS LIMITED, Lennox International Inc., Goodman Global, Inc., Ingersoll-Rand (China) Industrial Equipment Manufacturing Co., Ltd., Nortek, Inc., HOSHIZAKI CORPORATION, FUJITSU GENERAL LIMITED, Amsted Industries Incorporated, Rheem Manufacturing Company Inc, Modine Manufacturing Company Inc, York International Corporation, Goodman Manufacturing Company, LP
Heat Pump - Product Coverage
- HS 841861 - Refrigerating or freezing equipment; compression type units whose condensers are heat exchangers
- Prodcom 28251380 - Heat pumps other than air conditioning machines of HS
This report provides an in-depth analysis of the global heat pump market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28251380 - Heat pumps other than air conditioning machines of HS
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Company coverage:
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
-
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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