The Latin America, Middle East and Africa Residential Heat Pump Market would witness market growth of 10.4% CAGR during the forecast period (2022-2028).
One stay put while the other circles around it, squeezing the gas by pushing it into smaller and smaller spaces. Scroll turbines have a longer operational life and are quieter than traditional piston compressors. When compared to existing residential heat pump with piston compressors, residential heat pump with scroll compressors deliver 10° to 15°F (5.6° to 8.3°C) warmer air when in the heating mode, according to some sources.
Residential heat pump can be equipped with a gas furnace to supplement the residential heat pump, which is sometimes referred to as a dual-fuel or hybrid system. Whereas most heat pushes use electric resistance residential heat pump as a fallback option for cold weather, residential heat pump can also be equipped with a gas furnace to supplement the residential heat pump, which is sometimes alluded to as a dual-fuel or hybrid system.
The growing demand for cooling and heating appliances in the Middle East is expected to boost the market for residential heat pump in the region. Furthermore, rising consumer disposable income as well as rising living standards in various countries would help the growth of the regional residential heat pump market throughout the forecast period.
The region's need for air conditioning equipment would be boosted by the burgeoning hospitality sector and increased construction activity. However, the adoption of complete or partial lockdown in several countries in this region would stifle regional market growth in the coming years. The high temperatures in several Middle Eastern countries would also help the regional market flourish.
The Brazil market dominated the LAMEA Residential Heat Pump Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,114.1 million by 2028. The Argentina market is estimated to grow at a CAGR of 11% during (2022 - 2028). Additionally, The UAE market is anticipated to grow at a CAGR of 10.1% during (2022 - 2028).
Based on Power Source, the market is segmented into Electric Powered and Gas Powered. Based on Type, the market is segmented into Air Source, Geothermal, and Water Source. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Residential Heat Pump Market is Predict to reach $53 Billion by 2028, at a CAGR of 9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Johnson Controls International PLC, Mitsubishi Electric Corporation, The Danfoss Group, Daikin Industries, Ltd., Carrier Global Corporation, Midea Group Co., Ltd., NIBE Industrier AB, Viessmann Group, Stiebel Eltron GmbH & Co. KG, The Glen Dimplex Group
Scope of the Study
Market Segments Covered in the Report:
By Power Source
- Electric Powered
- Gas Powered
By Type
- Air Source
- Geothermal
- Water Source
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Johnson Controls International PLC
- Mitsubishi Electric Corporation
- The Danfoss Group
- Daikin Industries, Ltd.
- Carrier Global Corporation
- Midea Group Co., Ltd.
- NIBE Industrier AB
- Viessmann Group
- Stiebel Eltron GmbH & Co. KG
- The Glen Dimplex Group
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Residential Heat Pump Market, by Power Source
1.4.2 LAMEA Residential Heat Pump Market, by Type
1.4.3 LAMEA Residential Heat Pump Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenarios
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2018, Mar – 2022, May) Leading Players
Chapter 4. LAMEA Residential Heat Pump Market by Power Source
4.1 LAMEA Electric Powered Market by Country
4.2 LAMEA Gas Powered Market by Country
Chapter 5. LAMEA Residential Heat Pump Market by Type
5.1 LAMEA Air Source Market by Country
5.2 LAMEA Geothermal Market by Country
5.3 LAMEA Water Source Market by Country
Chapter 6. LAMEA Residential Heat Pump Market by Country
6.1 Brazil Residential Heat Pump Market
6.1.1 Brazil Residential Heat Pump Market by Power Source
6.1.2 Brazil Residential Heat Pump Market by Type
6.2 Argentina Residential Heat Pump Market
6.2.1 Argentina Residential Heat Pump Market by Power Source
6.2.2 Argentina Residential Heat Pump Market by Type
6.3 UAE Residential Heat Pump Market
6.3.1 UAE Residential Heat Pump Market by Power Source
6.3.2 UAE Residential Heat Pump Market by Type
6.4 Saudi Arabia Residential Heat Pump Market
6.4.1 Saudi Arabia Residential Heat Pump Market by Power Source
6.4.2 Saudi Arabia Residential Heat Pump Market by Type
6.5 South Africa Residential Heat Pump Market
6.5.1 South Africa Residential Heat Pump Market by Power Source
6.5.2 South Africa Residential Heat Pump Market by Type
6.6 Nigeria Residential Heat Pump Market
6.6.1 Nigeria Residential Heat Pump Market by Power Source
6.6.2 Nigeria Residential Heat Pump Market by Type
6.7 Rest of LAMEA Residential Heat Pump Market
6.7.1 Rest of LAMEA Residential Heat Pump Market by Power Source
6.7.2 Rest of LAMEA Residential Heat Pump Market by Type
Chapter 7. Company Profiles
7.1 Johnson Controls International PLC
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.1.5.2 Acquisition and Mergers:
7.2 Mitsubishi Electric Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Product Launches and Product Expansions:
7.2.5.2 Geographical Expansions:
7.3 The Danfoss Group
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.4 Daikin Industries, Ltd.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Regional & Segmental Analysis
7.4.4 Research & Development Expenses
7.4.5 Recent strategies and developments:
7.4.5.1 Product Launches and Product Expansions:
7.5 Carrier Global Corporation
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 Recent strategies and developments:
7.5.5.1 Product Launches and Product Expansions:
7.6 Midea Group Co., Ltd.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segment and Regional Analysis
7.6.4 Research & Development Expenses
7.6.5 Recent strategies and developments:
7.6.5.1 Partnerships, Collaborations, and Agreements:
7.6.5.2 Product Launches and Product Expansions:
7.7 NIBE Industrier AB
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expenses
7.7.5 Recent strategies and developments:
7.7.5.1 Product Launches and Product Expansions:
7.7.5.2 Acquisition and Mergers:
7.8 Viessmann Group
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Product Launches and Product Expansions:
7.9 Stiebel Eltron GmbH & Co. KG
7.9.1 Company Overview
7.10. The Glen Dimplex Group
7.10.1 Company Overview
TABLE 1 LAMEA Residential Heat Pump Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Residential Heat Pump Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Residential Heat Pump Market
TABLE 4 Product Launches And Product Expansions– Residential Heat Pump Market
TABLE 5 Acquisition and Mergers– Residential Heat Pump Market
TABLE 6 Geogrpahical Expansions- Residential heat pump market
TABLE 7 LAMEA Residential Heat Pump Market by Power Source, 2018 - 2021, USD Million
TABLE 8 LAMEA Residential Heat Pump Market by Power Source, 2022 - 2028, USD Million
TABLE 9 LAMEA Electric Powered Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Electric Powered Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Gas Powered Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Gas Powered Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Residential Heat Pump Market by Type, 2018 - 2021, USD Million
TABLE 14 LAMEA Residential Heat Pump Market by Type, 2022 - 2028, USD Million
TABLE 15 LAMEA Air Source Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Air Source Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Geothermal Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Geothermal Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Water Source Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Water Source Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Residential Heat Pump Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Residential Heat Pump Market by Country, 2022 - 2028, USD Million
TABLE 23 Brazil Residential Heat Pump Market, 2018 - 2021, USD Million
TABLE 24 Brazil Residential Heat Pump Market, 2022 - 2028, USD Million
TABLE 25 Brazil Residential Heat Pump Market by Power Source, 2018 - 2021, USD Million
TABLE 26 Brazil Residential Heat Pump Market by Power Source, 2022 - 2028, USD Million
TABLE 27 Brazil Residential Heat Pump Market by Type, 2018 - 2021, USD Million
TABLE 28 Brazil Residential Heat Pump Market by Type, 2022 - 2028, USD Million
TABLE 29 Argentina Residential Heat Pump Market, 2018 - 2021, USD Million
TABLE 30 Argentina Residential Heat Pump Market, 2022 - 2028, USD Million
TABLE 31 Argentina Residential Heat Pump Market by Power Source, 2018 - 2021, USD Million
TABLE 32 Argentina Residential Heat Pump Market by Power Source, 2022 - 2028, USD Million
TABLE 33 Argentina Residential Heat Pump Market by Type, 2018 - 2021, USD Million
TABLE 34 Argentina Residential Heat Pump Market by Type, 2022 - 2028, USD Million
TABLE 35 UAE Residential Heat Pump Market, 2018 - 2021, USD Million
TABLE 36 UAE Residential Heat Pump Market, 2022 - 2028, USD Million
TABLE 37 UAE Residential Heat Pump Market by Power Source, 2018 - 2021, USD Million
TABLE 38 UAE Residential Heat Pump Market by Power Source, 2022 - 2028, USD Million
TABLE 39 UAE Residential Heat Pump Market by Type, 2018 - 2021, USD Million
TABLE 40 UAE Residential Heat Pump Market by Type, 2022 - 2028, USD Million
TABLE 41 Saudi Arabia Residential Heat Pump Market, 2018 - 2021, USD Million
TABLE 42 Saudi Arabia Residential Heat Pump Market, 2022 - 2028, USD Million
TABLE 43 Saudi Arabia Residential Heat Pump Market by Power Source, 2018 - 2021, USD Million
TABLE 44 Saudi Arabia Residential Heat Pump Market by Power Source, 2022 - 2028, USD Million
TABLE 45 Saudi Arabia Residential Heat Pump Market by Type, 2018 - 2021, USD Million
TABLE 46 Saudi Arabia Residential Heat Pump Market by Type, 2022 - 2028, USD Million
TABLE 47 South Africa Residential Heat Pump Market, 2018 - 2021, USD Million
TABLE 48 South Africa Residential Heat Pump Market, 2022 - 2028, USD Million
TABLE 49 South Africa Residential Heat Pump Market by Power Source, 2018 - 2021, USD Million
TABLE 50 South Africa Residential Heat Pump Market by Power Source, 2022 - 2028, USD Million
TABLE 51 South Africa Residential Heat Pump Market by Type, 2018 - 2021, USD Million
TABLE 52 South Africa Residential Heat Pump Market by Type, 2022 - 2028, USD Million
TABLE 53 Nigeria Residential Heat Pump Market, 2018 - 2021, USD Million
TABLE 54 Nigeria Residential Heat Pump Market, 2022 - 2028, USD Million
TABLE 55 Nigeria Residential Heat Pump Market by Power Source, 2018 - 2021, USD Million
TABLE 56 Nigeria Residential Heat Pump Market by Power Source, 2022 - 2028, USD Million
TABLE 57 Nigeria Residential Heat Pump Market by Type, 2018 - 2021, USD Million
TABLE 58 Nigeria Residential Heat Pump Market by Type, 2022 - 2028, USD Million
TABLE 59 Rest of LAMEA Residential Heat Pump Market, 2018 - 2021, USD Million
TABLE 60 Rest of LAMEA Residential Heat Pump Market, 2022 - 2028, USD Million
TABLE 61 Rest of LAMEA Residential Heat Pump Market by Power Source, 2018 - 2021, USD Million
TABLE 62 Rest of LAMEA Residential Heat Pump Market by Power Source, 2022 - 2028, USD Million
TABLE 63 Rest of LAMEA Residential Heat Pump Market by Type, 2018 - 2021, USD Million
TABLE 64 Rest of LAMEA Residential Heat Pump Market by Type, 2022 - 2028, USD Million
TABLE 65 Key Information – JOHNSON CONTROLS INTERNATIONAL PLC
TABLE 66 key information – Mitsubishi Electric Corporation
TABLE 67 Key Information – The Danfoss Group
TABLE 68 Key information – Daikin Industries, Ltd.
TABLE 69 Key Information – Carrier Global Corporation
TABLE 70 key information – Midea Group Co., Ltd.
TABLE 71 key information – NIBE Industrier AB
TABLE 72 Key Information – Viessmann Group
TABLE 73 Key Information – Stiebel Eltron GmbH & Co. KG
TABLE 74 Key information – The Glen Dimplex Group
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2018, Mar – 2022, May) Leading Players
FIG 5 Recent strategies and developments: Johnson Controls International PLC
FIG 6 Recent strategies and developments: Mitsubishi Electric Corporation
FIG 7 Recent strategies and developments: Midea Group Co., Ltd.
FIG 8 Recent strategies and developments: NIBE Industrier AB