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Heat Pump Market - Top Companies and Manufacturers

  • Report ID: 4834
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Companies Dominating the Heat Pump Landscape

    • Viessmann Climate Solutions SE
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Carrier Global Corporation
    • Daikin Industries, Ltd.
    • Johnson Controls
    • NIBE Group
    • Midea Group
    • Ingersoll Rand Plc.
    • Vaillant Group
    • Robert Bosch GmbH
    • The Danfoss Group
Browse Key Market Insights with Data Illustration:

In the News

  • Daikin Industries, Ltd. decided to invest USD 320 million to establish a new factory for heat pump units at the Ksawerów Industrial Park in Lodz Province, Poland. The operations of this new production base will start in July 2024 and will meet the rapidly increasing demand for heat pumps in Europe.

  • Viessmann Climate Solutions SE unveils next-generation heat pumps and invisible heating systems at the world’s leading trade fair ISH in Frankfurt. Viessmann invisible is set to revolutionize heating technology in new builds and its new heat pump generation with natural refrigerant is one of the recent highlights.


Author Credits:  Richa Gupta


  • Report ID: 4834
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of heat pump is estimated at USD 102.55 billion.

The heat pump market size was valued at USD 95.45 billion in 2024 and is expected to cross USD 293.54 billion by the end of 2037, registering more than 9.2% CAGR during the forecast period i.e., between 2025-2037. Increasing installation of heat pumps in residential as well as industrial spaces as well as rising adoption of clean energy to reduce CO2 emissions will boost the market growth.

Asia Pacific industry is estimated to account for 35% revenue share by 2037, due to the rapidly growing industrialization in the region. 

The major players in the market include Viessmann Climate Solutions SE, Carrier Global Corporation, Daikin Industries, Ltd., Johnson Controls, NIBE Group, Midea Group, Ingersoll Rand Plc., Vaillant Group, Robert Bosch GmbH, The Danfoss Group.
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