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Air to Water Heat Pump Market Size

Report ID: GMI5414
Published Date: Jul 2024
Report Format: PDF

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Air to Water Heat Pump Market Size

Air to Water Heat Pump Market was valued at USD 28.7 billion in 2023 and is anticipated to observe about 16.8% CAGR from 2024 to 2032. Rapid development of the sustainable building infrastructure along with rising population & ongoing urbanization has propelled the demand for energy efficient heating & cooling systems.

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Various geographies have observed significant upsurge in the energy consumption to suffice space heating & hot water needs. Moreover, growing demand for ambient & low temperature heating alternatives along with shifting trends toward advanced technological systems will boost the business outlook.

Air to Water Heat Pump Market Report Attributes
Report Attribute	Details
Base Year:	2023
Air to Water Heat Pump Market Size in 2023:	USD 28.7 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	16.8%
2032 Value Projection:	USD 115.4 Billion
Historical Data for:	2021 to 2023
No. of Pages:	220
Tables, Charts & Figures:	30
Segments covered:	Application and Region
Growth Drivers:	Growing installation of advanced & highly energy efficient heating & cooling systems Introduction of new measures to curb the overall carbon footprint Extreme climatic conditions
Pitfalls & Challenges:	Growing installation of advanced & highly energy efficient heating & cooling systems Introduction of new measures to curb the overall carbon footprint Extreme climatic conditions

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Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size of air to water heat pump was reached USD 28.7 billion in 2023 and is anticipated to observe 16.8% CAGR through 2032, due to rapid development of the sustainable building infrastructure along with rising population and ongoing urbanization.

The residential application segment in the air to water heat pump industry is set to surpass USD 85 billion by 2032, owing to the rising population coupled with the increase in the hot water and space heating demands.

Asia Pacific air to water heat pump industry size is likely to exceed USD 45 billion by 2032, owing to the rising population and urbanization rate across the region.

Bosch Thermotechnology Corp., Carrier Corporation, DAIKIN INDUSTRIES Ltd., FUJITSU GENERAL LIMITED, LG Electronics, NIBE Industrier AB, Panasonic Corporation, SAMSUNG, Toshiba Air Conditioning, and Viessmann