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North America Heat Pump Market – Industry Trends and Forecast to 2030

Semiconductors and Electronics | Published Report | Nov 2022 | North America | 350 Pages | No of Tables: 66 | No of Figures: 28

Report Description

North America Heat Pump Market, By Type (Air-To-Water Heat Pump, Air-To-Air Heat Pump, Water Source Heat Pump, Ground Source Heat Pump, and Hybrid Heat Pump), Component (Hardware, and Services), Capacity (Up to 10 kW, 10 to 20 kW, 20 to 30 kW, and Above 30 kW), Power Source (Electric, and Others), Refrigerant Type (R410A, R134A, R717 (Ammonia), R407C, R600 and R600A, R744, and Others), Cycle Type (Vapor Compression, Transcritical, and Absorption), System Type (Air Source Heat Pumps, Geothermal Heat Pumps, and Others), Application (Residential, Commercial, Industrial) Industry Trends and Forecast to 2030.

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North America Heat Pump Market Analysis and Size

The North America heat pump market has witnessed growth due to the rising demand for heating, ventilation, and air-conditioning (HVAC) Systems. It can be used for numerous residential, commercial, and industrial applications in various industries such as general manufacturing, chemical and petroleum, food and beverages, utilities, textile and leather, wood products, metal, and others. The recent pandemic has slightly decreased growth across all sectors, but these systems have a huge potential to enhance industrial capabilities as these systems are the future. The North America heat pump market is in the rapid growth phase due to the growing demand for dual-source heat pumps (DSHP) across the U.S.

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Data Bridge Market Research analyses that the heat pump market is expected to reach a value of USD 26,491.32 million by 2030, at a CAGR of 8.9% during the forecast period. "Air-to water heat pump" is the largest system segment in the heat pump market. The North America heat pump market report also covers pricing analysis, patent analysis, and technological advancements in depth.

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2020 - 2015)

Quantitative Units

USD Pricing in Million

Segments Covered

By Type (Air-To-Water Heat Pump, Air-To-Air Heat Pump, Water Source Heat Pump, Ground Source Heat Pump, and Hybrid Heat Pump), Component (Hardware, and Services), Capacity (Up to 10 kW, 10 to 20 kW, 20 to 30 kW, and Above 30 kW), Power Source (Electric, and Others), Refrigerant Type (R410A, R134A, R717 (Ammonia), R407C, R600 and R600A, R744, and Others), Cycle Type (Vapor Compression, Transcritical, and Absorption), System Type (Air Source Heat Pumps, Geothermal Heat Pumps, and Others), Application (Residential, Commercial, Industrial).

Countries Covered

U.S., Canada, and Mexico.

Market Players Covered

Danfoss Industries Pvt. Ltd., Trane Technologies plc, NIBE Industrier AB, Midea Group, VIVRECO group, Robert Bosch GmbH, American Standard Heating and Air Conditioning (Brand of Trane Technologies plc), Lennox International Inc., Rheem Manufacturing Company, Goodman (A Brand of Daikin Comfort Technologies North America, Inc.), Thermax Limited., Mitsubishi Electric Corporation, DAIKIN INDUSTRIES, Ltd., Carrier., Johnson Controls, RUUD (Brand of Rheem Manufacturing Company), BRYANT (Brand of Carrier.), among others.

Market Definition

Heat pumps offer an energy-efficient alternative to furnaces and air conditioners for all climates. Like your refrigerator, heat pumps use electricity to transfer heat from a cool space to a warm space, making the cool space cooler and the warm space warmer. Heat pumps move heat from the cool outdoors into your warm house during the heating season. Heat pumps move heat from your house into the outdoors during the cooling season. Because they transfer heat rather than generate heat, heat pumps can efficiently provide comfortable temperatures for your home.

North America Heat Pump Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:

Drivers

  • Rise in demand for heating, ventilation and air-conditioning (HVAC) systems

The heating, ventilation, and air-conditioning (HVAC) systems play a major role in the advanced ventilation systems and technologies adopted to improve air quality and balance excess moisture and various types of contamination. Adopting mathematical models, computer simulation technology, and other techniques involve integrating mechanical components and a digital user interface for easy operation. Hence, this type of system and technology are interdependent. Thus, the development of advanced HVAC depends upon the good and proper usage of heat pump-related components.

  • Grow in demand for dual source heat pumps (DSHP) across the U.S.

Moreover, dual-source heat pumps extract energy from natural sources such as the sun and ground. These are available in multiple designs. Solar-assisted air source heat pumps are mostly available in developed countries such as the U.S., Canada, and Mexico. This type of dual-source heat pump is more efficient during colder weather because there is less heat for the heat pump to extract from the outdoor air. This feature will provide dynamic response facilities increasing usage.

Restraint/Challenge

  • Complexities in heat pumps retrofits

Modern heat pump systems include the rise in complexities related to retrofitting heat pumps. The air source heat pumps are inherently at the critical stage due to changing technology with the manufacturing process and quality of the end product. These heat pumps are associated with crucial equipment so that energy-efficient sources can be utilized to generate heat.

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Opportunity

  • Shift in consumer preference towards the sustainable solution for residential and commercial use

Moreover, the amount of electricity required by eco-friendly geothermal heat pumps is significantly lower, affecting the working efficiency of the heat pump operations. The primary advancement in heat pumps is the compressor, a game-changing aspect. As the world focuses on reducing greenhouse gas emissions, heat pumps are readily available solutions to meet the demand for sustainable space and water heating. This has improved the accuracy and working features of the heat pumps.

Post-COVID-19 Impact on the North America Heat Pump Market

COVID-19 significantly impacted the heat pump market as almost every country has opted to shut down every production facility except those producing essential goods. The government has taken some strict actions, such as shutting down the production and sale of non-essential goods, blocking international trade, and many more to prevent the spread of COVID-19. The only business dealing with this pandemic is the essential services allowed to open and run the processes.

Manufacturers are making various strategic decisions to bounce back post-COVID-19. The players are conducting multiple research and development activities to improve the technology in the heat pump market. The companies will bring advanced and accurate solutions to the market. In addition, the government initiatives to boost international trade have led to the market's growth.

Recent Developments

  • In April 2021, Thermax Limited signed an agreement with power roll to develop the market for solar film in India. The companies agreed to develop solar energy instruments. The main objective of the companies was to contribute towards a green solution. The companies will be able to expand their product portfolio and attract a new customer base.
  • In April 2022, DAIKIN INDUSTRIES, Ltd announced the acquisition of DUPLOMATIC MS S.P.A. the acquisition was decided to start manufacturing hydraulic-related equipment. The acquisition will help diversify the product portfolio and have a business in a wide range of fields. Companies took the step to expand their product portfolio and increase the profit margin and workforce of the company.

North America Heat Pump Market Scope

The North America heat pump market is segmented based on type, component, capacity, power source, refrigerant type, cycle type, system type, and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

By Type

  • Air-To-Water Heat Pump
  • Air-To-Air Heat Pump
  • Water Source Heat Pump
  • Ground Source Heat Pump
  • Hybrid Heat Pump

On the basis of type, the North America heat pump market is segmented into air-to-water heat pump, air-to-air heat pump, water source heat pump, ground source heat pump, and hybrid heat pump.

By Component

  • Hardware
  • Services

On the basis of component, the North America heat pump market has been segmented into hardware and services.

By Capacity

  • Up to 10 kW
  • 10 to 20 kW
  • 20 to 30 kW
  • Above 30 kW

On the basis of capacity, the North America heat pump market has been segmented into Up to 10 kW, 10 to 20 kW, 20 to 30 kW, and above 30 kW.

By Power Source

  • Electric

  • Others

On the basis of power source, the North America heat pump market has been segmented into electric and others.

By Refrigerant Type

  • R410A
  • R134A
  • R717 (Ammonia)
  • R407C
  • R600 and R600A
  • R744
  • Others

On the basis of refrigerant type, the North America heat pump market has been segmented into R410A, R134A, R717 (Ammonia), R407C, R600 and R600A, R744, and others.

By Cycle Type

  • Vapor Compression
  • Transcritical
  • Absorption

On the basis of cycle type, the North America heat pump market has been segmented into vapor compression, transcritical, and absorption.

By System Type

  • Air Source Heat Pumps
  • Geothermal Heat Pumps
  • Others

On the basis of system type, the North America heat pump market has been segmented into air source heat pumps, geothermal heat pumps, and others.

By Application

  • Residential
  • Commercial
  • Industrial

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On the basis of application, the North America heat pump market has been segmented into residential, commercial, and industrial.

North America Heat Pump Market Regional Analysis/Insights

The North America heat pump market is analyzed, and market size insights and trends are provided by country, type, component, capacity, power source, refrigerant type, cycle type, system type, and application, as referenced above.

Some countries covered in the North America heat pump market report are the U.S., Canada, and Mexico. The U.S. is expected to dominate the North America heat pump as it is at the forefront of technology development and sustainable development in the region.

The country section of the report also provides individual market-impacting factors and market regulation changes that impact the market's current and future trends. Data points like downstream and upstream value chain analysis, technical trends and porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North American brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and North America Heat Pump Market Share Analysis

The North America heat pump market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the North America heat pump market.

Some of the major players operating in the North America heat pump market are Danfoss Industries Pvt. Ltd., Trane Technologies plc, NIBE Industrier AB, Midea Group, VIVRECO group, Robert Bosch GmbH, American Standard Heating and Air Conditioning (Brand of Trane Technologies plc), Lennox International Inc., Rheem Manufacturing Company, Goodman (A Brand of Daikin Comfort Technologies North America, Inc.), Thermax Limited., Mitsubishi Electric Corporation, DAIKIN INDUSTRIES, Ltd., Carrier., Johnson Controls, RUUD (Brand of Rheem Manufacturing Company), BRYANT (Brand of Carrier.), among others.


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Table of Content

1 INTRODUCTION

1.1 OBJECTIVES OF THE STUDY

1.2 MARKET DEFINITION

1.3 OVERVIEW OF NORTH AMERICA HEAT PUMP MARKET

1.4 CURRENCY AND PRICING

1.5 LIMITATIONS

1.6 MARKETS COVERED

2 MARKET SEGMENTATION

2.1 MARKETS COVERED

2.2 GEOGRAPHICAL SCOPE

2.3 YEARS CONSIDERED FOR THE STUDY

2.4 DBMR TRIPOD DATA VALIDATION MODEL

2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS

2.6 DBMR MARKET POSITION GRID

2.7 VENDOR SHARE ANALYSIS

2.8 MULTIVARIATE MODELING

2.9 TYPE TIMELINE CURVE

2.1 MARKET END-USER COVERAGE GRID

2.11 SECONDARY SOURCES

2.12 ASSUMPTIONS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

4.1 AIR-TO-WATER HEAT PUMP WILL REPLACE FURNACE IN NORTH AMERICA

4.1.1 GOVERNMENT POLICIES

4.1.1.1 U.S.

4.1.1.2 CANADA

4.2 EUROPEAN METHOD OF AIR TO WATER (USING A RADIATOR) FOR THE NORTH AMERICA HEAT PUMP MARKET

4.2.1 AIR-SOURCE HEAT PUMPS ADVANCED TECHNOLOGIES

4.3 HEAT PUMP VS FURNACE

4.4 PORTER’S FIVE FORCES

5 MARKET OVERVIEW

5.1 DRIVERS

5.1.1 RISE IN DEMAND FOR HEATING, VENTILATION, AND AIR-CONDITIONING (HVAC) SYSTEMS

5.1.2 GROW IN DEMAND FOR DUAL SOURCE HEAT PUMPS (DSHP) ACROSS THE U.S

5.1.3 UPSURGE IN DEMAND FOR GEOTHERMAL HEAT PUMPS

5.2 RESTRAINTS

5.2.1 HIGH INSTALLATION COST OF ENERGY-EFFICIENCY HEAT PUMPS

5.2.2 LACK OF AWARENESS REGARDING THE BENEFITS OF HEAT-PUMPS IN DEVELOPED COUNTRIES

5.3 OPPORTUNITIES

5.3.1 SHIFT IN CONSUMER PREFERENCE TOWARD THE SUSTAINABLE SOLUTION FOR RESIDENTIAL AND COMMERCIAL USE

5.3.2 INCREASING INVESTMENT IN GREEN BUILDING INFRASTRUCTURE AND TECHNICAL ADVANCEMENT

5.4 CHALLENGE

5.4.1 COMPLEXITIES IN HEAT PUMPS RETROFITS

6 NORTH AMERICA HEAT PUMP MARKET, BY TYPE

6.1 OVERVIEW

6.2 AIR-TO-WATER HEAT PUMP

6.3 AIR-TO-AIR HEAT PUMP

6.4 WATER SOURCE HEAT PUMP

6.5 GROUND SOURCE HEAT PUMP

6.6 HYBRID HEAT PUMP

7 NORTH AMERICA HEAT PUMP MARKET, BY COMPONENT

7.1 OVERVIEW

7.2 HARDWARE

7.2.1 COMPRESSOR

7.2.2 HEAT EXCHANGERS

7.2.3 SENSORS

7.2.4 RECEIVER

7.2.5 REVERSING VALVE

7.2.6 OTHERS

7.3 SERVICES

7.3.1 INSTALLATION COST

7.3.1.1 NEW

7.3.1.2 RETROFIT

7.3.2 MAINTENANCE COST

8 NORTH AMERICA HEAT PUMP MARKET, BY CAPACITY

8.1 OVERVIEW

8.2 UP TO 10 KW

8.3 10 TO 20 KW

8.4 20 TO 30 KW

8.5 ABOVE 30 KW

9 NORTH AMERICA HEAT PUMP MARKET, BY POWER SOURCE

9.1 OVERVIEW

9.2 ELECTRIC

9.3 OTHERS

10 NORTH AMERICA HEAT PUMP MARKET, BY REFRIGERANT TYPE

10.1 OVERVIEW

10.2 R410A

10.3 R134A

10.4 R717 (AMMONIA)

10.5 R407C

10.6 R600 AND R600A

10.7 R744

10.8 OTHERS

11 NORTH AMERICA HEAT PUMP MARKET, BY CYCLE TYPE

11.1 OVERVIEW

11.2 VAPOR COMPRESSION

11.3 TRANSCRITICAL

11.4 ABSORPTION

12 NORTH AMERICA HEAT PUMP MARKET, BY SYSTEM TYPE

12.1 OVERVIEW

12.2 AIR SOURCE HEAT PUMPS

12.2.1 DUCTED SPLIT AND PACKAGED TYPE

12.2.2 DUCTLESS MINISPLIT

12.2.3 PORTABLE WINDOW

12.3 GEOTHERMAL HEAT PUMPS

12.3.1 HORIZONTAL

12.3.2 VERTICAL

12.4 OTHERS

13 NORTH AMERICA HEAT PUMP MARKET, BY APPLICATION

13.1 OVERVIEW

13.2 RESIDENTIAL

13.2.1 SINGLE HOME

13.2.2 MULTI HOME

13.3 COMMERCIAL

13.3.1 OFFICES

13.3.2 HOSPITALITY

13.3.3 HEALTHCARE

13.3.4 RETAIL

13.3.5 LOGISTICS & TRANSPORTATION

13.3.6 EDUCATION

13.3.7 OTHERS

13.4 INDUSTRIAL

13.4.1 GENERAL MANUFACTURING

13.4.2 CHEMICAL AND PETROLEUM

13.4.3 FOOD AND BEVERAGES

13.4.4 UTILITIES

13.4.5 TEXTILE AND LEATHER

13.4.6 WOOD PRODUCTS

13.4.7 METAL

13.4.8 OTHERS

14 NORTH AMERICA HEAT PUMP MARKET, BY COUNTRY

14.1 U.S.

14.2 CANADA

14.3 MEXICO

15 COMPANY LANDSCAPE: NORTH AMERICA HEAT PUMP MARKET

15.1 COMPANY SHARE ANALYSIS: NORTH AMERICA

16 SWOT ANALYSIS

17 COMPANY PROFILES

17.1 TRANE TECHNOLOGIES PLC

17.1.1 COMPANY SNAPSHOT

17.1.2 REVENUE ANALYSIS

17.1.3 PRODUCTS PORTFOLIO

17.1.4 RECENT DEVELOPMENT

17.2 JOHNSON CONTROLS

17.2.1 COMPANY SNAPSHOT

17.2.2 REVENUE ANALYSIS

17.2.3 PRODUCT PORTFOLIO

17.2.4 RECENT DEVELOPMENT

17.3 CARRIER

17.3.1 COMPANY SNAPSHOT

17.3.2 REVENUE ANALYSIS

17.3.3 PRODUCT PORTFOLIO

17.3.4 RECENT DEVELOPMENTS

17.4 MIDEA GROUP

17.4.1 COMPANY SNAPSHOT

17.4.2 REVENUE ANALYSIS

17.4.3 PRODUCTS PORTFOLIO

17.4.4 RECENT DEVELOPMENTS

17.5 LENNOX INTERNATIONAL INC.

17.5.1 COMPANY SNAPSHOT

17.5.2 REVENUE ANALYSIS

17.5.3 PRODUCT PORTFOLIO

17.5.4 RECENT DEVELOPMENT

17.6 AMERICAN STANDARD HEATING AND AIR CONDITIONING

17.6.1 COMPANY SNAPSHOT

17.6.2 PRODUCT PORTFOLIO

17.6.3 RECENT DEVELOPMENT

17.7 BRYANT (BRAND OF CARRIER)

17.7.1 COMPANY SNAPSHOT

17.7.2 PRODUCT PORTFOLIO

17.7.3 RECENT DEVELOPMENT

17.8 DAIKIN INDUSTRIES, LTD.

17.8.1 COMPANY SNAPSHOT

17.8.2 REVENUE ANALYSIS

17.8.3 PRODUCT PORTFOLIO

17.8.4 RECENT DEVELOPMENTS

17.9 DANFOSS INDUSTRIES PVT. LTD.

17.9.1 COMPANY SNAPSHOT

17.9.2 REVENUE ANALYSIS

17.9.3 PRODUCTS PORTFOLIO

17.9.4 RECENT DEVELOPMENTS

17.1 GOODMAN (BRAND OF DAIKIN INDUSTRIES, LTD.)

17.10.1 COMPANY SNAPSHOT

17.10.2 PRODUCT PORTFOLIO

17.10.3 RECENT DEVELOPMENT

17.11 MITSUBISHI ELECTRIC CORPORATION

17.11.1 COMPANY SNAPSHOT

17.11.2 REVENUE ANALYSIS

17.11.3 PRODUCT PORTFOLIO

17.11.4 RECENT DEVELOPMENTS

17.12 NIBE INDUSTRIER AB

17.12.1 COMPANY SNAPSHOT

17.12.2 REVENUE ANALYSIS

17.12.3 PRODUCTS PORTFOLIO

17.12.4 RECENT DEVELOPMENT

17.13 RHEEM MANUFACTURING COMPANY

17.13.1 COMPANY SNAPSHOT

17.13.2 PRODUCT PORTFOLIO

17.13.3 RECENT DEVELOPMENT

17.14 ROBERT BOSCH GMBH

17.14.1 COMPANY SNAPSHOT

17.14.2 REVENUE ANALYSIS

17.14.3 PRODUCT PORTFOLIO

17.14.4 RECENT DEVELOPMENT

17.15 RUUD (BRAND OF RHEEM MANUFACTURING COMPANY)

17.15.1 COMPANY SNAPSHOT

17.15.2 PRODUCT PORTFOLIO

17.15.3 RECENT DEVELOPMENT

17.16 THERMAX LIMITED.

17.16.1 COMPANY SNAPSHOT

17.16.2 REVENUE ANALYSIS

17.16.3 PRODUCT PORTFOLIO

17.16.4 RECENT DEVELOPMENTS

17.17 VIVRECO GROUP

17.17.1 COMPANY SNAPSHOT

17.17.2 PRODUCT PORTFOLIO

17.17.3 RECENT DEVELOPMENT

18 QUESTIONNAIRE

19 RELATED REPORTS

List of Table

TABLE 1 PRICE OF HEAT PUMP BASED ON TYPE, CAPACITY, AND EFFICIENCY RATING

TABLE 2 NORTH AMERICA HEAT PUMP MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 3 NORTH AMERICA HEAT PUMP MARKET, BY COMPONENT, 2021-2030 (USD MILLION)

TABLE 4 NORTH AMERICA HARDWARE IN HEAT PUMP MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 5 NORTH AMERICA SERVICES IN HEAT PUMP MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 6 NORTH AMERICA INSTALLATION COST IN HEAT PUMP MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 7 NORTH AMERICA HEAT PUMP MARKET, BY CAPACITY, 2021-2030 (USD MILLION)

TABLE 8 NORTH AMERICA HEAT PUMP MARKET, BY POWER SOURCE, 2021-2030 (USD MILLION)

TABLE 9 NORTH AMERICA HEAT PUMP MARKET, BY REFRIGERANT TYPE, 2021-2030 (USD MILLION)

TABLE 10 NORTH AMERICA HEAT PUMP MARKET, BY CYCLE TYPE, 2021-2030 (USD MILLION)

TABLE 11 NORTH AMERICA HEAT PUMP MARKET, BY SYSTEM TYPE, 2021-2030 (USD MILLION)

TABLE 12 NORTH AMERICA AIR SOURCE HEAT PUMPS IN HEAT PUMP MARKET, BY CATEGORY, 2021-2030 (USD MILLION)

TABLE 13 NORTH AMERICA GEOTHERMAL HEAT PUMPS IN HEAT PUMP MARKET, BY LOOP, 2021-2030 (USD MILLION)

TABLE 14 NORTH AMERICA HEAT PUMP MARKET, BY APPLICATION, 2021-2030 (USD MILLION)

TABLE 15 NORTH AMERICA RESIDENTIAL IN HEAT PUMP MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 16 NORTH AMERICA COMMERCIAL IN HEAT PUMP MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 17 NORTH AMERICA INDUSTRIAL IN HEAT PUMP MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 18 NORTH AMERICA HEAT PUMP MARKET, BY COUNTRY, 2021-2030 (USD MILLION)

TABLE 19 U.S. HEAT PUMP MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 20 U.S. HEAT PUMP MARKET, BY COMPONENT, 2021-2030 (USD MILLION)

TABLE 21 U.S. HARDWARE IN HEAT PUMP MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 22 U.S. SERVICES IN HEAT PUMP MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 23 U.S. INSTALLATION COST IN HEAT PUMP MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 24 U.S. HEAT PUMP MARKET, BY CAPACITY, 2021-2030 (USD MILLION)

TABLE 25 U.S. HEAT PUMP MARKET, BY POWER SOURCE, 2021-2030 (USD MILLION)

TABLE 26 U.S. HEAT PUMP MARKET, BY REFRIGERANT TYPE, 2021-2030 (USD MILLION)

TABLE 27 U.S. HEAT PUMP MARKET, BY CYCLE TYPE, 2021-2030 (USD MILLION)

TABLE 28 U.S. HEAT PUMP MARKET, BY SYSTEM TYPE, 2021-2030 (USD MILLION)

TABLE 29 U.S. AIR SOURCE HEAT PUMPS IN HEAT PUMP MARKET, BY CATEGORY, 2021-2030 (USD MILLION)

TABLE 30 U.S. GEOTHERMAL HEAT PUMPS IN HEAT PUMP MARKET, BY LOOP, 2021-2030 (USD MILLION)

TABLE 31 U.S. HEAT PUMP MARKET, BY APPLICATION, 2021-2030 (USD MILLION)

TABLE 32 U.S. RESIDENTIAL IN HEAT PUMP MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 33 U.S. COMMERCIAL IN HEAT PUMP MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 34 U.S. INDUSTRIAL IN HEAT PUMP MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 35 CANADA HEAT PUMP MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 36 CANADA HEAT PUMP MARKET, BY COMPONENT, 2021-2030 (USD MILLION)

TABLE 37 CANADA HARDWARE IN HEAT PUMP MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 38 CANADA SERVICES IN HEAT PUMP MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 39 CANADA INSTALLATION COST IN HEAT PUMP MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 40 CANADA HEAT PUMP MARKET, BY CAPACITY, 2021-2030 (USD MILLION)

TABLE 41 CANADA HEAT PUMP MARKET, BY POWER SOURCE, 2021-2030 (USD MILLION)

TABLE 42 CANADA HEAT PUMP MARKET, BY REFRIGERANT TYPE, 2021-2030 (USD MILLION)

TABLE 43 CANADA HEAT PUMP MARKET, BY CYCLE TYPE, 2021-2030 (USD MILLION)

TABLE 44 CANADA HEAT PUMP MARKET, BY SYSTEM TYPE, 2021-2030 (USD MILLION)

TABLE 45 CANADA AIR SOURCE HEAT PUMPS IN HEAT PUMP MARKET, BY CATEGORY, 2021-2030 (USD MILLION)

TABLE 46 CANADA GEOTHERMAL HEAT PUMPS IN HEAT PUMP MARKET, BY LOOP, 2021-2030 (USD MILLION)

TABLE 47 CANADA HEAT PUMP MARKET, BY APPLICATION, 2021-2030 (USD MILLION)

TABLE 48 CANADA RESIDENTIAL IN HEAT PUMP MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 49 CANADA COMMERCIAL IN HEAT PUMP MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 50 CANADA INDUSTRIAL IN HEAT PUMP MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 51 MEXICO HEAT PUMP MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 52 MEXICO HEAT PUMP MARKET, BY COMPONENT, 2021-2030 (USD MILLION)

TABLE 53 MEXICO HARDWARE IN HEAT PUMP MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 54 MEXICO SERVICES IN HEAT PUMP MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 55 MEXICO INSTALLATION COST IN HEAT PUMP MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 56 MEXICO HEAT PUMP MARKET, BY CAPACITY, 2021-2030 (USD MILLION)

TABLE 57 MEXICO HEAT PUMP MARKET, BY POWER SOURCE, 2021-2030 (USD MILLION)

TABLE 58 MEXICO HEAT PUMP MARKET, BY REFRIGERANT TYPE, 2021-2030 (USD MILLION)

TABLE 59 MEXICO HEAT PUMP MARKET, BY CYCLE TYPE, 2021-2030 (USD MILLION)

TABLE 60 MEXICO HEAT PUMP MARKET, BY SYSTEM TYPE, 2021-2030 (USD MILLION)

TABLE 61 MEXICO AIR SOURCE HEAT PUMPS IN HEAT PUMP MARKET, BY CATEGORY, 2021-2030 (USD MILLION)

TABLE 62 MEXICO GEOTHERMAL HEAT PUMPS IN HEAT PUMP MARKET, BY LOOP, 2021-2030 (USD MILLION)

TABLE 63 MEXICO HEAT PUMP MARKET, BY APPLICATION, 2021-2030 (USD MILLION)

TABLE 64 MEXICO RESIDENTIAL IN HEAT PUMP MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 65 MEXICO COMMERCIAL IN HEAT PUMP MARKET, BY TYPE, 2021-2030 (USD MILLION)

TABLE 66 MEXICO INDUSTRIAL IN HEAT PUMP MARKET, BY TYPE, 2021-2030 (USD MILLION)

List of Figure

FIGURE 1 NORTH AMERICA HEAT PUMP MARKET: SEGMENTATION

FIGURE 2 NORTH AMERICA HEAT PUMP MARKET: DATA TRIANGULATION

FIGURE 3 NORTH AMERICA HEAT PUMP MARKET: DROC ANALYSIS

FIGURE 4 NORTH AMERICA HEAT PUMP MARKET: REGIONAL VS COUNTRY MARKET ANALYSIS

FIGURE 5 NORTH AMERICA HEAT PUMP MARKET: COMPANY RESEARCH ANALYSIS

FIGURE 6 NORTH AMERICA HEAT PUMP MARKET: INTERVIEW DEMOGRAPHICS

FIGURE 7 NORTH AMERICA HEAT PUMP MARKET: DBMR MARKET POSITION GRID

FIGURE 8 NORTH AMERICA HEAT PUMP MARKET: VENDOR SHARE ANALYSIS

FIGURE 9 NORTH AMERICA HEAT PUMP MARKET: MARKET APPLICATION COVERAGE GRID

FIGURE 10 NORTH AMERICA HEAT PUMP MARKET: SEGMENTATION

FIGURE 11 UPSURGE IN DEMAND FOR GEOTHERMAL HEAT PUMPS IS EXPECTED TO DRIVE THE NORTH AMERICA HEAT PUMP MARKET IN THE FORECAST PERIOD OF 2023 TO 2030

FIGURE 12 AIR-TO-WATER HEAT PUMP COMPONENT SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE NORTH AMERICA HEAT PUMP MARKET IN 2023 & 2030

FIGURE 13 PORTER’S FIVE FORCES

FIGURE 14 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGE OF THE NORTH AMERICA HEAT PUMP MARKET

FIGURE 15 NORTH AMERICA HEAT PUMP MARKET: BY TYPE, 2022

FIGURE 16 NORTH AMERICA HEAT PUMP MARKET: BY COMPONENT, 2022

FIGURE 17 NORTH AMERICA HEAT PUMP MARKET: BY CAPACITY, 2022

FIGURE 18 NORTH AMERICA HEAT PUMP MARKET: BY POWER SOURCE, 2022

FIGURE 19 NORTH AMERICA HEAT PUMP MARKET: BY REFRIGERANT TYPE,2022

FIGURE 20 NORTH AMERICA HEAT PUMP MARKET: BY CYCLE TYPE, 2022

FIGURE 21 NORTH AMERICA HEAT PUMP MARKET: BY SYSTEM TYPE, 2022

FIGURE 22 NORTH AMERICA HEAT PUMP MARKET: BY APPLICATION, 2022

FIGURE 23 NORTH AMERICA HEAT PUMP MARKET: SNAPSHOT (2022)

FIGURE 24 NORTH AMERICA HEAT PUMP MARKET: BY COUNTRY (2022)

FIGURE 25 NORTH AMERICA HEAT PUMP MARKET: BY COUNTRY (2023 & 2030)

FIGURE 26 NORTH AMERICA HEAT PUMP MARKET: BY COUNTRY (2022 & 2030)

FIGURE 27 NORTH AMERICA HEAT PUMP MARKET: BY TYPE (2023-2030)

FIGURE 28 NORTH AMERICA HEAT PUMP MARKET: COMPANY SHARE 2022 (%)

View Infographics

FIGURE 1 NORTH AMERICA HEAT PUMP MARKET: SEGMENTATION

FIGURE 2 NORTH AMERICA HEAT PUMP MARKET: DATA TRIANGULATION

FIGURE 3 NORTH AMERICA HEAT PUMP MARKET: DROC ANALYSIS

FIGURE 4 NORTH AMERICA HEAT PUMP MARKET: REGIONAL VS COUNTRY MARKET ANALYSIS

FIGURE 5 NORTH AMERICA HEAT PUMP MARKET: COMPANY RESEARCH ANALYSIS

FIGURE 6 NORTH AMERICA HEAT PUMP MARKET: INTERVIEW DEMOGRAPHICS

FIGURE 7 NORTH AMERICA HEAT PUMP MARKET: DBMR MARKET POSITION GRID

FIGURE 8 NORTH AMERICA HEAT PUMP MARKET: VENDOR SHARE ANALYSIS

FIGURE 9 NORTH AMERICA HEAT PUMP MARKET: MARKET APPLICATION COVERAGE GRID

FIGURE 10 NORTH AMERICA HEAT PUMP MARKET: SEGMENTATION

FIGURE 11 UPSURGE IN DEMAND FOR GEOTHERMAL HEAT PUMPS IS EXPECTED TO DRIVE THE NORTH AMERICA HEAT PUMP MARKET IN THE FORECAST PERIOD OF 2023 TO 2030

FIGURE 12 AIR-TO-WATER HEAT PUMP COMPONENT SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE NORTH AMERICA HEAT PUMP MARKET IN 2023 & 2030

FIGURE 13 PORTER’S FIVE FORCES

FIGURE 14 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGE OF THE NORTH AMERICA HEAT PUMP MARKET

FIGURE 15 NORTH AMERICA HEAT PUMP MARKET: BY TYPE, 2022

FIGURE 16 NORTH AMERICA HEAT PUMP MARKET: BY COMPONENT, 2022

FIGURE 17 NORTH AMERICA HEAT PUMP MARKET: BY CAPACITY, 2022

FIGURE 18 NORTH AMERICA HEAT PUMP MARKET: BY POWER SOURCE, 2022

FIGURE 19 NORTH AMERICA HEAT PUMP MARKET: BY REFRIGERANT TYPE,2022

FIGURE 20 NORTH AMERICA HEAT PUMP MARKET: BY CYCLE TYPE, 2022

FIGURE 21 NORTH AMERICA HEAT PUMP MARKET: BY SYSTEM TYPE, 2022

FIGURE 22 NORTH AMERICA HEAT PUMP MARKET: BY APPLICATION, 2022

FIGURE 23 NORTH AMERICA HEAT PUMP MARKET: SNAPSHOT (2022)

FIGURE 24 NORTH AMERICA HEAT PUMP MARKET: BY COUNTRY (2022)

FIGURE 25 NORTH AMERICA HEAT PUMP MARKET: BY COUNTRY (2023 & 2030)

FIGURE 26 NORTH AMERICA HEAT PUMP MARKET: BY COUNTRY (2022 & 2030)

FIGURE 27 NORTH AMERICA HEAT PUMP MARKET: BY TYPE (2023-2030)

FIGURE 28 NORTH AMERICA HEAT PUMP MARKET: COMPANY SHARE 2022 (%)

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