Heat Pumps in the US - Research and Markets

US heat pumps is seeing solid growth in 2025, driven by consumer preference for energy efficiency and sustainability, with air to water heat pumps dominating the market due to their relatively lower installation cost. The market is expected to continue growing, fuelled by increasing demand for sustainable heating solutions and innovative products addressing historical limitations.

This report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data 2020-2025, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they new product developments, format trends or distribution issues. Forecasts to 2030 illustrate how the market is set to change.

Product coverage: Air to Water Heat Pumps, Ground Source Heat Pumps, Other Heat Pumps.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

Get a detailed picture of the Heat Pumps market;
Pinpoint growth sectors and identify factors driving change;
Understand the competitive environment, the market’s major players and leading brands;
Use five-year forecasts to assess how the market is predicted to develop.

KEY DATA FINDINGS

2025 DEVELOPMENTS

Air to water heat pumps dominates through affordability and eco-conscious appeal
CHART 1 Key Trends 2025

INDUSTRY PERFORMANCE

Heat pumps gains share from HVAC systems through incentives and affordability
Lennox technology improves performance in colder climates
CHART 2 Lennox Innovation Counters Efficiency Concerns for Colder Climates
Consumers choose air to water heat pumps to reduce bills and environmental impact

WHAT’S NEXT?

Demographic trends and rising incomes expected to support growth moving forward
Sustainability and savings to drive preference for air to water heat pumps
CHART 3 Analyst Insight
Tax credits boost appeal of energy efficient heat pumps

COMPETITIVE LANDSCAPE

Dandelion Energy simplifies geothermal installation with direct consumer model
CHART 4 Dandelion Energy Leverages Geothermal Efficiencies to Scale the Geo Heat Pump
Jetson Home disrupts the installation model with integrated heat pump platform

CHANNELS

Technical complexity makes installation via professional contractors preferred
Retail e-commerce supported by DIY sales and wide product selection

PRODUCTS

Lower GWP refrigerant enhances Daikin’s cold weather performance
CHART 5 Daikin Tackles Cold Climate Limits with New Water-Source Model
Lennox launch addresses concerns about heat pump performance in sub-zero temperatures

COUNTRY REPORTS DISCLAIMER

CHART 6 Key Trends 2025
CHART 7 Midea's U-Shaped Air Conditioner Aims at Affordability and Innovation
CHART 8 Analyst Insight
CHART 9 Growth Decomposition of Consumer Appliances 2024-2029
CHART 10 Air Fryers Increasing Functionality by Adding Self-Cleaning Capabilities
CHART 11 The Ninja Detect Blender Combines Smart Features and Multifunctionality
CHART 12 Real GDP Growth and Inflation 2020-2030
CHART 13 PEST Analysis in the US 2025
CHART 14 Key Insights on Consumers in the US 2025
CHART 15 Consumer Landscape in the US 2025

CONSUMER APPLIANCES IN THE US

EXECUTIVE SUMMARY

Economic pressures reshape consumer appliances in the US

KEY DATA FINDINGS

INDUSTRY PERFORMANCE

Tariffs and consumer behaviour shape market dynamics
Economic pressures drive product segmentation
Continued demand for refrigeration appliances despite decline

WHAT’S NEXT?

Economic pressures and rising price sensitivity will reshape purchasing patterns
Consumers replace rather than repair appliances as durability declines
Rising energy efficiency drives stronger competition between heat pumps and air conditioners

COMPETITIVE LANDSCAPE

Leading brands maintain positions through diversified portfolios
Emerging players and innovation drive market dynamics

CHANNELS

E-commerce gains share as consumers prioritise convenience
Specialists appreciated for in-store advice
Small appliances thrive in e-commerce with diverse offerings

PRODUCTS

Multifunctionality and compact design drive innovation
Health and wellness focus influences product development

ECONOMIC CONTEXTCONSUMER CONTEXTCOUNTRY REPORTS DISCLAIMER

SOURCES

Summary 1 Research Sources

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Table of Contents

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