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U.S. Air Source Heat Pump Market Share

Report ID: GMI5735
Published Date: May 2023
Report Format: PDF

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U.S. Air Source Heat Pump Market Share

Major players in the U.S. air source heat pump market are:

Bosch Thermotechnology Corp.
SAMSUNG
Daikin Comfort Technologies North America, Inc.
Carrier
LG Electronics
GREE ELECTRIC APPLIANCES, INC.
Lennox International Inc.
Colmac Industries
FUJITSU GENERAL
Rheem Manufacturing Company
JOHNSON CONTROLS - HITACHI AIR CONDITIONING COMPANY
A. O. Smith
Lochinvar
American Standard Heating
Air Conditioning.

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The market size of U.S. air source heat pump exceeded USD 9.3 billion in 2022 and will expand at 10% CAGR from 2023 to 2032, driven by the paradigm shift for the adoption of energy-efficient products.

Air to air heat pump industry dominated 80% of the total share in 2022 and is set to grow substantially till 2032 owing to the increasing demand for energy-efficient and sustainable heating and cooling solutions.

The commercial application segment is foreseen to witness 10% growth during 2023-2032 due to the implementation of stringent building energy codes by regulatory authorities.

Trane, Bosch Thermotechnology Corp., SAMSUNG, Daikin Comfort Technologies North America, Inc., Carrier, LG Electronics, GREE ELECTRIC APPLIANCES, INC., Lennox International Inc., Colmac Industries, FUJITSU GENERAL, Rheem Manufacturing Company, JOHNSON CONTROLS - HITACHI AIR CONDITIONING COMPANY, A. O. Smith, Lochinvar, and American Standard Heating and Air Conditioning are among the major companies operating in the business landscape.