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

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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

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 (%)

Frequently Asked Questions

The North America Heat Pump Market is anticipated to surge an 8.9% CAGR forecast by 2030
The North America Heat Pump Market will be worth $26,491.32 million by 2030.
The North America Heat Pump Market is segmented by Type, Component, Capacity, Power Source, Refrigerant Type, Cycle Type, System Type, and Application
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.