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Residential Heat Pump Global Market Report 2024

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    Report

  • 175 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5933936
The residential heat pump market size has grown rapidly in recent years. It will grow from $36.51 billion in 2023 to $41 billion in 2024 at a compound annual growth rate (CAGR) of 12.3%. The growth in the historic period can be attributed to factors such as increased awareness of energy efficiency regulations, a rise in energy costs, growing environmental consciousness, market competitiveness, concerns about global warming, and the ongoing trend of urbanization.

The residential heat pump market size is expected to see rapid growth in the next few years. It will grow to $62.45 billion in 2028 at a compound annual growth rate (CAGR) of 11.1%. The growth in the forecast period can be attributed to factors such as economic growth, initiatives for carbon neutrality, policies focused on climate change mitigation, an increase in new construction projects, population growth in urban areas, and the adoption of energy storage solutions. Major trends in the forecast period include the integration of heat pumps with smart home systems, the widespread adoption of air-source heat pumps, increased installations of geothermal heat pumps, the emergence of hybrid heat pump systems, and advancements in heat pump technology.

The expanding interest in renewable energy sources is projected to fuel the growth of the residential heat pump market. Renewable energy, harnessed from naturally replenishing sources such as solar panels or wind turbines, offers sustainable alternatives for heating and cooling in households compared to traditional fossil fuel-based systems. For example, as of April 2023, global photovoltaic (PV) installations have surged, reaching 231 gigawatts of direct current (GWdc) and cumulatively totaling 1.2 terawatts of direct current (TWdc) in 2022, as reported by the National Renewable Energy Laboratory (NREL). China, contributing 42% of global demand, drove this growth with a 57% increase in annual PV installations, primarily through distributed PV. Projections indicate installations surpassing 300 GW by 2023 and exceeding 400 GW by 2025, emphasizing the upward trajectory of renewable energy adoption and its impact on the residential heat pump market's expansion.

The growing trend toward smart homes is poised to drive the residential heat pump market forward. Smart homes, equipped with interconnected and remotely controlled devices and systems, aim to elevate convenience, efficiency, and security within households. Residential heat pumps, integral components of smart home ecosystems, contribute significantly to energy efficiency, comfort, and convenience. Notably, the United States is anticipated to have around 63.43 million smart houses, marking a 10.2% increase, as reported by Bankless Times in February 2023. Forecasts suggest a continuous rise, reaching 69.91 million smart homes by 2024 and further escalating to 77.05 million by 2025. This surge in smart home adoption indicates an increasing demand for such integrated systems, consequently propelling the residential heat pump market's growth.

The limited awareness about the advantages of heat pumps in emerging economies poses a challenge, potentially curbing market growth. Lack of familiarity among potential customers with the benefits, such as heightened energy efficiency and reduced energy expenses associated with heat pumps, inhibits market expansion. For instance, as of September 2021, as reported by the International Energy Agency, heat pumps were not widely recognized or embraced in several countries, despite being established and adopted in mature markets. This absence of awareness among consumers is a hindrance impacting the residential heat pump market's development.

Leading companies in the residential heat pump sector are dedicated to innovating their product lines, exemplified by the introduction of propane-based heat pumps, to deliver dependable customer service. Propane heat pumps function as heating and cooling systems using propane as the refrigerant, transferring heat from the outside to inside air during winter and vice versa in summer. An illustration of this innovation is the Aquarea L heat pump series launched by Panasonic Holdings Corporation in June 2023. This line of air-to-water heat pumps utilizes propane (R290) as the refrigerant for residential applications. Featuring inverter compressor technology, these pumps adjust compressor speed based on heating or cooling demand, enhancing efficiency. The incorporation of Aquarea Smart Cloud technology facilitates remote control of the heat pump via smartphones or tablets, marking a significant advancement in consumer convenience and control.

In May 2023, Carrier Global Corporation, a prominent US-based manufacturer of commercial and transport refrigeration solutions, completed the acquisition of Viessmann Climate Solutions SE for a sum of $13.2 billion. This strategic move is set to fortify Carrier's position in the realm of intelligent climate solutions and drive the advancement of energy transition initiatives. Furthermore, it facilitates Carrier's expansion into Europe's commercial sector, leveraging the expertise and market presence of Viessmann Climate Solutions SE, a reputable German company specializing in the manufacture of heat pumps for both residential and commercial buildings.

Major companies operating in the residential heat pump market report are Mitsubishi Corporation, LG Electronics Inc., Midea Group, Fujitsu Limited, Johnson Controls International plc, Carrier Global Corporation, Trane Technologies, Melrose Industries PLC, Danfoss A/S, Lennox International Inc., The Viessmann Group, NIBE Group, Vaillant Group, A. O. Smith Corporation, American Standard Companies, Delonghi-Climaveneta GSHP, Daikin Industries Ltd., WeatherKing & Rheem Manufacturing Company, Baxi Heating UK Ltd., Lochinvar Limited, Armstrong Air Conditioning Inc., Stiebel Eltron AG, Aermec UK Ltd., Enertech Group, Bosch Thermotechnik GmbH, IMS Heat Pumps Limited, MHG Heating Ltd., Glen Dimplex Heating & Ventilation, Heat Norfolk Ltd., Kensa Heat Pumps Limited.

Asia-Pacific was the largest region in the residential heat pump market in 2023. The regions covered in the residential heat pump market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in the residential heat pump market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The residential heat pump market consists of revenues earned by entities by providing services such as heat pump repair, installation, and maintenance. The market value includes the value of related goods sold by the service provider or included within the service offering. The residential heat pump market also includes sales of compressors, condensers, evaporators, refrigerants, accumulators, thermostats, motors, defrost systems, and refrigeration coils. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The main types of residential heat pumps include water source, geothermal, and air source. A water source heat pump (WSHP) extracts thermal energy from a nearby water source and converts it into heat and hot water for the building. These heat pumps can be powered by electricity, gas, or other sources and are utilized in both single-family and multi-family residences.

The residential heat pump market research report is one of a series of new reports that provides residential heat pump market statistics, including residential heat pump industry global market size, regional shares, competitors with a residential heat pump market share, detailed residential heat pump market segments, market trends and opportunities, and any further data you may need to thrive in the residential heat pump industry. This residential heat pump market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Residential Heat Pump Market Characteristics3. Residential Heat Pump Market Trends and Strategies
4. Residential Heat Pump Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Residential Heat Pump Market Size and Growth
5.1. Global Residential Heat Pump Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Residential Heat Pump Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Residential Heat Pump Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Residential Heat Pump Market Segmentation
6.1. Global Residential Heat Pump Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Water Source
  • Geothermal
  • Air Source
6.2. Global Residential Heat Pump Market, Segmentation by Power Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Electric Powered
  • Gas Powered
  • Other Power Sources
6.3. Global Residential Heat Pump Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Single Family
  • Multi Family
7. Residential Heat Pump Market Regional and Country Analysis
7.1. Global Residential Heat Pump Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Residential Heat Pump Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Residential Heat Pump Market
8.1. Asia-Pacific Residential Heat Pump Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Residential Heat Pump Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Residential Heat Pump Market, Segmentation by Power Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Residential Heat Pump Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Residential Heat Pump Market
9.1. China Residential Heat Pump Market Overview
9.2. China Residential Heat Pump Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Residential Heat Pump Market, Segmentation by Power Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Residential Heat Pump Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Residential Heat Pump Market
10.1. India Residential Heat Pump Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Residential Heat Pump Market, Segmentation by Power Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Residential Heat Pump Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Residential Heat Pump Market
11.1. Japan Residential Heat Pump Market Overview
11.2. Japan Residential Heat Pump Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Residential Heat Pump Market, Segmentation by Power Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Residential Heat Pump Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Residential Heat Pump Market
12.1. Australia Residential Heat Pump Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Residential Heat Pump Market, Segmentation by Power Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Residential Heat Pump Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Residential Heat Pump Market
13.1. Indonesia Residential Heat Pump Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Residential Heat Pump Market, Segmentation by Power Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Residential Heat Pump Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Residential Heat Pump Market
14.1. South Korea Residential Heat Pump Market Overview
14.2. South Korea Residential Heat Pump Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Residential Heat Pump Market, Segmentation by Power Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Residential Heat Pump Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Residential Heat Pump Market
15.1. Western Europe Residential Heat Pump Market Overview
15.2. Western Europe Residential Heat Pump Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Residential Heat Pump Market, Segmentation by Power Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Residential Heat Pump Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Residential Heat Pump Market
16.1. UK Residential Heat Pump Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Residential Heat Pump Market, Segmentation by Power Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Residential Heat Pump Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Residential Heat Pump Market
17.1. Germany Residential Heat Pump Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Residential Heat Pump Market, Segmentation by Power Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Residential Heat Pump Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Residential Heat Pump Market
18.5. France Residential Heat Pump Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.6. France Residential Heat Pump Market, Segmentation by Power Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.7. France Residential Heat Pump Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Residential Heat Pump Market
19.9. Italy Residential Heat Pump Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Residential Heat Pump Market, Segmentation by Power Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Residential Heat Pump Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Residential Heat Pump Market
20.13. Spain Residential Heat Pump Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Residential Heat Pump Market, Segmentation by Power Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Residential Heat Pump Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Residential Heat Pump Market
21.1. Eastern Europe Residential Heat Pump Market Overview
21.2. Eastern Europe Residential Heat Pump Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Residential Heat Pump Market, Segmentation by Power Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Residential Heat Pump Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Residential Heat Pump Market
22.1. Russia Residential Heat Pump Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Residential Heat Pump Market, Segmentation by Power Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Residential Heat Pump Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Residential Heat Pump Market
23.1. North America Residential Heat Pump Market Overview
23.2. North America Residential Heat Pump Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Residential Heat Pump Market, Segmentation by Power Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Residential Heat Pump Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Residential Heat Pump Market
24.1. USA Residential Heat Pump Market Overview
24.2. USA Residential Heat Pump Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Residential Heat Pump Market, Segmentation by Power Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Residential Heat Pump Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Residential Heat Pump Market
25.1. Canada Residential Heat Pump Market Overview
25.2. Canada Residential Heat Pump Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Residential Heat Pump Market, Segmentation by Power Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Residential Heat Pump Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Residential Heat Pump Market
26.1. South America Residential Heat Pump Market Overview
26.2. South America Residential Heat Pump Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Residential Heat Pump Market, Segmentation by Power Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Residential Heat Pump Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Residential Heat Pump Market
27.1. Brazil Residential Heat Pump Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Residential Heat Pump Market, Segmentation by Power Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Residential Heat Pump Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Residential Heat Pump Market
28.1. Middle East Residential Heat Pump Market Overview
28.2. Middle East Residential Heat Pump Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Residential Heat Pump Market, Segmentation by Power Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Residential Heat Pump Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Residential Heat Pump Market
29.1. Africa Residential Heat Pump Market Overview
29.2. Africa Residential Heat Pump Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Residential Heat Pump Market, Segmentation by Power Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Residential Heat Pump Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Residential Heat Pump Market Competitive Landscape and Company Profiles
30.1. Residential Heat Pump Market Competitive Landscape
30.2. Residential Heat Pump Market Company Profiles
30.2.1. Mitsubishi Corporation
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. LG Electronics Inc.
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Midea Group
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Fujitsu Limited
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Johnson Controls International plc
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Residential Heat Pump Market Other Major and Innovative Companies
31.1. Carrier Global Corporation
31.2. Trane Technologies
31.3. Melrose Industries PLC
31.4. Danfoss a/S
31.5. Lennox International Inc.
31.6. The Viessmann Group
31.7. NIBE Group
31.8. Vaillant Group
31.9. a. O. Smith Corporation
31.10. American Standard Companies
31.11. Delonghi-Climaveneta GSHP
31.12. Daikin Industries Ltd.
31.13. WeatherKing & Rheem Manufacturing Company
31.14. Baxi Heating UK Ltd.
31.15. Lochinvar Limited
32. Global Residential Heat Pump Market Competitive Benchmarking33. Global Residential Heat Pump Market Competitive Dashboard34. Key Mergers and Acquisitions in the Residential Heat Pump Market
35. Residential Heat Pump Market Future Outlook and Potential Analysis
35.1 Residential Heat Pump Market in 2028 - Countries Offering Most New Opportunities
35.2 Residential Heat Pump Market in 2028 - Segments Offering Most New Opportunities
35.3 Residential Heat Pump Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Residential Heat Pump Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on residential heat pump market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Description

Where is the largest and fastest growing market for residential heat pump? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

Scope

Markets Covered:
1) By Type: Water Source; Geothermal; Air Source
2) By Power Source: Electric Powered; Gas Powered; Other Power Sources
3) By Application: Single Family; Multi Family

Key Companies Mentioned: Mitsubishi Corporation; LG Electronics Inc.; Midea Group; Fujitsu Limited; Johnson Controls International plc

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Methodology

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