The North America Heat Pump Market would witness market growth of 7.9% CAGR during the forecast period (2019-2025). Increased carbon emissions and highly variable energy prices have prompted consumers to use renewable heat sources. This is a key factor which can be held responsible for driving the market throughout the forecast period. The U.S. government has provided multiple benefits for the installation of these pumps. The Government is also offering direct incentives for their installation, which, in effect, is projected to increase the product demand in the near future.
Heat pumps provide an energy-efficient option to furnaces and air conditioners for areas with mild heating and cooling requirements. Like a refrigerator, heat pumps use energy to transfer air from a cool space to a warm space. It makes the cool space cooler and the warm space warmer. Throughout the heating season, heat pumps transfer heat from the cool outdoors to warm home. Further, during the cooling season, heat pumps move heat from a cool surrounding to the warm outdoors. Since heat is transferred instead of being generated, heat pumps can provide equal storage for as little as one quarter of the cost of operating traditional heating or cooling appliances.
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Based on Technology, the market is segmented into Air Source, Water Source and Ground Source. Based on Application, the market is segmented into Residential, Industrial and Commercial. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include United Technologies Corporation (Carrier Corporation), Daikin Industries Ltd., NIBE Industrier AB, Viessmann Group, Ingersoll-Rand PLC, Stiebel Eltron GmbH & Co. KG, Robert Bosch GmbH (Bosch Thermotechnology Corporation), Panasonic Corporation, Mitsubishi Electric Corporation and The Glen Dimplex Group.
Scope of the Heat Pump Market Analysis
Market Segmentation:
By Technology
- Air Source
- Water Source
- Ground Source
By Application
- Residential
- Industrial
- Commercial
By Country
- US
- Canada
- Mexico
- Rest of North America
Companies Profiled
- United Technologies Corporation (Carrier Corporation)
- Daikin Industries Ltd.
- NIBE Industrier AB
- Viessmann Group
- Ingersoll-Rand PLC
- Stiebel Eltron GmbH & Co. KG
- Robert Bosch GmbH (Bosch Thermotechnology Corporation)
- Panasonic Corporation
- Mitsubishi Electric Corporation
- 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 North America Heat Pump Market, by Technology
1.4.2 North America Heat Pump Market, by Application
1.4.3 North America Heat Pump Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Executive Summary
2.1.3 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Market Analysis
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 Expansions
3.2.3 Mergers & Acquisitions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2015-2019)
3.3.2 Key Strategic Move: (Product Launches: 2019-Aug: 2015-Aug) Leading Players
Chapter 4. North America Heat Pump Market by Technology
4.1 North America Air Source Heat Pump Market by Country
4.2 North America Water Source Heat Pump Market by Country
4.3 North America Ground Source Heat Pump Market by Country
Chapter 5. North America Heat Pump Market by Application
5.1 North America Residential Heat Pump Market by Country
5.2 North America Industrial Heat Pump Market by Country
5.3 North America Commercial Heat Pump Market by Country
Chapter 6. North America Heat Pump Market by Country
6.1 US Heat Pump Market
6.1.1 US Heat Pump Market by Technology
6.1.2 US Heat Pump Market by Application
6.2 Canada Heat Pump Market
6.2.1 Canada Heat Pump Market by Technology
6.2.2 Canada Heat Pump Market by Application
6.3 Mexico Heat Pump Market
6.3.1 Mexico Heat Pump Market by Technology
6.3.2 Mexico Heat Pump Market by Application
6.4 Rest of North America Heat Pump Market
6.4.1 Rest of North America Heat Pump Market by Technology
6.4.2 Rest of North America Heat Pump Market by Application
Chapter 7. Company Profiles
7.1 United Technologies Corporation (Carrier Corporation)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Product launches:
7.1.6 SWOT Anlaysis
7.2 Daikin Industries Ltd.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional & Segmental Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Collaborations, partnerships and agreements:
7.2.5.2 Product launches:
7.2.5.3 Acquisition and mergers:
7.2.5.4 Expansions:
7.2.6 SWOT Analysis
7.3 NIBE Industrier AB
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 Recent strategies and developments:
7.3.5.1 Product launches:
7.3.5.2 Acquisition and mergers:
7.3.5.3 Expansions:
7.4 Viessmann Group
7.4.1 Company Overview
7.4.2 Recent strategies and developments:
7.4.2.1 Collaborations, partnerships and agreements:
7.4.2.2 Product launches:
7.5 Ingersoll-Rand PLC
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Collaborations, partnerships and agreements:
7.5.5.2 Acquisition and mergers:
7.5.5.3 Product launches:
7.5.6 SWOT Analysis
7.6 Stiebel Eltron GmbH & Co. KG
7.6.1 Company Overview
7.6.2 Recent strategies and developments:
7.6.2.1 Collaborations, partnerships and agreements:
7.6.2.2 Acquisition and mergers:
7.6.2.3 Product launches:
7.7 Robert Bosch GmbH (Bosch Thermotechnology Corporation)
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expense
7.7.5 Recent strategies and developments:
7.7.5.1 Collaborations, partnerships and agreements:
7.7.5.2 Product launches:
7.7.5.3 Acquisition and mergers:
7.7.6 SWOT Analysis
7.8 Panasonic Corporation
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental Analysis
7.8.4 Research & Development Expense
7.8.5 Recent strategies and developments:
7.8.5.1 Collaborations, partnerships and agreements:
7.8.5.2 Product launches:
7.8.5.3 Acquisition and mergers:
7.8.5.4 Expansions:
7.8.6 SWOT Analysis
7.9 Mitsubishi Electric Corporation
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expense
7.9.5 Recent strategies and developments:
7.9.5.1 Acquisition and mergers:
7.9.5.2 Product launches:
7.9.6 SWOT Analysis
7.1 The Glen Dimplex Group
7.10.1 Company Overview
7.10.2 Recent strategies and developments:
7.10.2.1 Acquisition and mergers:
7.10.2.2 Product launches:
TABLE 1 North America Heat Pump Market, 2015 - 2018, USD Million
TABLE 2 North America Heat Pump Market, 2019 - 2025, USD Million
TABLE 3 Partnerships, Collaborations and Agreements- Heat Pump Market
TABLE 4 Product Launches And Expansions- Heat Pump Market
TABLE 5 Mergers & Acquisitions - Heat Pump Market
TABLE 6 North America Heat Pump Market by Technology, 2015 - 2018, USD Million
TABLE 7 North America Heat Pump Market by Technology, 2019 - 2025, USD Million
TABLE 8 North America Air Source Heat Pump Market by Country, 2015 - 2018, USD Million
TABLE 9 North America Air Source Heat Pump Market by Country, 2019 - 2025, USD Million
TABLE 10 North America Water Source Heat Pump Market by Country, 2015 - 2018, USD Million
TABLE 11 North America Water Source Heat Pump Market by Country, 2019 - 2025, USD Million
TABLE 12 North America Ground Source Heat Pump Market by Country, 2015 - 2018, USD Million
TABLE 13 North America Ground Source Heat Pump Market by Country, 2019 - 2025, USD Million
TABLE 14 North America Heat Pump Market by Application, 2015 - 2018, USD Million
TABLE 15 North America Heat Pump Market by Application, 2019 - 2025, USD Million
TABLE 16 North America Residential Heat Pump Market by Country, 2015 - 2018, USD Million
TABLE 17 North America Residential Heat Pump Market by Country, 2019 - 2025, USD Million
TABLE 18 North America Industrial Heat Pump Market by Country, 2015 - 2018, USD Million
TABLE 19 North America Industrial Heat Pump Market by Country, 2019 - 2025, USD Million
TABLE 20 North America Commercial Heat Pump Market by Country, 2015 - 2018, USD Million
TABLE 21 North America Commercial Heat Pump Market by Country, 2019 - 2025, USD Million
TABLE 22 North America Heat Pump Market by Country, 2015 - 2018, USD Million
TABLE 23 North America Heat Pump Market by Country, 2019 - 2025, USD Million
TABLE 24 US Heat Pump Market, 2015 - 2018, USD Million
TABLE 25 US Heat Pump Market, 2019 - 2025, USD Million
TABLE 26 US Heat Pump Market by Technology, 2015 - 2018, USD Million
TABLE 27 US Heat Pump Market by Technology, 2019 - 2025, USD Million
TABLE 28 US Heat Pump Market by Application, 2015 - 2018, USD Million
TABLE 29 US Heat Pump Market by Application, 2019 - 2025, USD Million
TABLE 30 Canada Heat Pump Market, 2015 - 2018, USD Million
TABLE 31 Canada Heat Pump Market, 2019 - 2025, USD Million
TABLE 32 Canada Heat Pump Market by Technology, 2015 - 2018, USD Million
TABLE 33 Canada Heat Pump Market by Technology, 2019 - 2025, USD Million
TABLE 34 Canada Heat Pump Market by Application, 2015 - 2018, Canada Million
TABLE 35 Canada Heat Pump Market by Application, 2019 - 2025, Canada Million
TABLE 36 Mexico Heat Pump Market, 2015 - 2018, USD Million
TABLE 37 Mexico Heat Pump Market, 2019 - 2025, USD Million
TABLE 38 Mexico Heat Pump Market by Technology, 2015 - 2018, USD Million
TABLE 39 Mexico Heat Pump Market by Technology, 2019 - 2025, USD Million
TABLE 40 Mexico Heat Pump Market by Application, 2015 - 2018, Mexico Million
TABLE 41 Mexico Heat Pump Market by Application, 2019 - 2025, Mexico Million
TABLE 42 Rest of North America Heat Pump Market, 2015 - 2018, USD Million
TABLE 43 Rest of North America Heat Pump Market, 2019 - 2025, USD Million
TABLE 44 Rest of North America Heat Pump Market by Technology, 2015 - 2018, USD Million
TABLE 45 Rest of North America Heat Pump Market by Technology, 2019 - 2025, USD Million
TABLE 46 Rest of North America Heat Pump Market by Application, 2015 - 2018, Rest of North America Million
TABLE 47 Rest of North America Heat Pump Market by Application, 2019 - 2025, Rest of North America Million
TABLE 48 Key Information - United Technologies Corporation
TABLE 49 Key information - Daikin Industries Ltd.
TABLE 50 key information - NIBE Industrier AB
TABLE 51 Key Information - Viessmann Group
TABLE 52 Key Information - Ingersoll-Rand PLC
TABLE 53 Key Information - Stiebel Eltron GmbH & Co. KG
TABLE 54 key information - Robert Bosch GmbH
TABLE 55 Key Information - Panasonic Corporation
TABLE 56 key information - Mitsubishi Electric Corporation
TABLE 57 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 (2015-2019)
FIG 4 Key Strategic Move: (Product Launches: 2019-Sep: 2015-Apr) Leading Players
FIG 5 swot analysis: UNITED TECHNOLOGIES CORPORATION
FIG 6 Recent strategies and developments: Daikin Industries Ltd.
FIG 7 SWOT Analysis: Daikin Industries Ltd.
FIG 8 Recent strategies and developments: NIBE Industrier AB
FIG 9 Recent strategies and developments: Viessmann Group
FIG 10 Recent strategies and developments: Ingersoll-Rand PLC
FIG 11 SWOT Analysis: Ingersoll-Rand PLC
FIG 12 Recent strategies and developments: Stiebel Eltron GmbH & Co. KG
FIG 13 Recent strategies and developments: Robert Bosch GmbH (Bosch Thermotechnology Corporation)
FIG 14 Swot analysis: Robert bosch gmbh
FIG 15 Recent strategies and developments: Panasonic Corporation
FIG 16 SWOT Analysis: Panasonic Corporation
FIG 17 Recent strategies and developments: Mitsubishi Electric Corporation
FIG 18 SWOT Analysis: Mitsubishi Electric Corporation
FIG 19 Recent strategies and developments: The Glen Dimplex Group