Industrial Heat Pump Market - Top Companies and Manufacturers

Companies Dominating the Industrial Heat Pump Landscape

Top players such as Johnson Controls International plc, Daikin Industries, Ltd., and Mitsubishi Heavy Industries, Ltd. in the industrial heat pump market are driven by some key factors including service & support, technological innovation, customized solutions, and many others. Top Industrial Heat Pump Market players are also capitalizing on research and development to progress the performance and efficiency of their products. Here are some leading players in the industrial heat pump market:

Johnson Controls International plc
- Company Overview
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- Financial Performance
- Key Performance Indicators
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- Recent Development
- Regional Presence
- SWOT Analysis
Siemens Energy AG
Danfoss A/S
Bosch Thermotechnik Gmbh
NIBE Industries AB
GEA Group AG

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Industrial Heat Pump Market Size & Share, Growth Analysis 2037

In the News

In October 2024, Copeland, a provider of sustainable climate solutions, launched the Vilter VQ95 industrial heat pump to help customers decrease their carbon footprints. Its innovative Vilter VQ95 heat pump is a single-stage heat pump created to decarbonize industrial process heating and district heating applications while including food and beverage production.
In July 2024, Danfoss launched a new compressor for comfort and industrial heat pumps. It is ideal for large-capacity heat pumps, the 6-cylinder semi-hermetic BOCK HGX56 CO2 T provides an efficient alternative to synthetic and ammonia refrigerants.

Frequently Asked Questions (FAQ)

The industrial heat pump market size was USD 1.5 billion in 2024.

The global industrial heat pump market size was USD 1.5 billion in 2024 and is likely to reach USD 2.9 billion by the end of 2037, expanding at a CAGR of 5.7% over the forecast period, i.e., 2025-2037.

Johnson Controls International plc, Siemens Energy AG, Danfoss A/S, Bosch Thermotechnik Gmbh and NIBE Industries AB, and GEA Group AG are some key players in the market.

The air source heat pump segment is expected to hold a leading share during the forecast period.

Europe is projected to offer lucrative prospects with a share of 34.1% in 2037.

Industrial Heat Pump Market - Top Companies and Manufacturers

Companies Dominating the Industrial Heat Pump Landscape

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

How big is the industrial heat pump market?

What is the outlook for the industrial heat pump market?

Who are the major key players dominating the industrial heat pump market?

Which product type segment is expected to lead the industrial heat pump market by 2037?

Which region will provide more business opportunities for the growth of the industrial heat pump market in the future?