World - Heat Pumps other than Air Conditioning Machines - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingGlobal Heat Pump Market 2024
Heat Pump Market Size
The global heat pump market was estimated at $X in 2023, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market hit record highs in 2023 and is likely to continue growth in the near future.
Heat Pump Production
In value terms, heat pump production dropped to $X in 2023 estimated in export price. Overall, the total production indicated temperate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2022 when the production volume increased by X%. As a result, production attained the peak level of $X, and then shrank in the following year.
Heat Pump Exports
Exports
In 2023, shipments abroad of heat pumps other than air conditioning machines decreased by X% to X units, falling for the second year in a row after five years of growth. Over the period under review, exports, however, continue to indicate a notable increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2022 to 2023, the growth of the global exports remained at a lower figure.
In value terms, heat pump exports rose significantly to $X in 2023. In general, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The global exports peaked in 2023 and are expected to retain growth in the immediate term.
Exports by Country
China represented the largest exporting country with an export of about X units, which resulted at X% of total exports. It was distantly followed by France (X units), Germany (X units) and Sweden (X units), together achieving an X% share of total exports. Malaysia (X units), Japan (X units), Italy (X units), the UK (X units), South Korea (X units), Slovakia (X units), Poland (X units), Turkey (X units) and Thailand (X units) followed a long way behind the leaders.
From 2012 to 2023, average annual rates of growth with regard to heat pump exports from China stood at X%. At the same time, South Korea (X%), Turkey (X%), Poland (X%), Thailand (X%), Malaysia (X%), the UK (X%), Slovakia (X%), Japan (X%) and Sweden (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. By contrast, Germany (X%), France (X%) and Italy (X%) illustrated a downward trend over the same period. China (X p.p.), Malaysia (X p.p.), the UK (X p.p.), South Korea (X p.p.), Poland (X p.p.) and Turkey (X p.p.) significantly strengthened its position in terms of the global exports, while Sweden, Germany, Italy and France saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($X), Germany ($X) and Sweden ($X) were the countries with the highest levels of exports in 2023, together comprising X% of global exports. France, Italy, Japan, Poland, Slovakia, South Korea, the UK, Malaysia, Turkey and Thailand lagged somewhat behind, together comprising a further X%.
Among the main exporting countries, South Korea, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices by Country
In 2023, the average heat pump export price amounted to $X per unit, growing by X% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, heat pump export price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2022 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2023 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per unit), while Thailand ($X per unit) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the other global leaders experienced more modest paces of growth.
Heat Pump Imports
Imports
In 2023, the amount of heat pumps other than air conditioning machines imported worldwide reached X units, therefore, remained relatively stable against the previous year. In general, imports continue to indicate noticeable growth. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of X units. From 2022 to 2023, the growth of global imports remained at a somewhat lower figure.
In value terms, heat pump imports reached $X in 2023. Overall, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Global imports peaked in 2023 and are likely to continue growth in the near future.
Imports by Country
The purchases of the twelve major importers of heat pumps other than air conditioning machines, namely Germany, Australia, Switzerland, France, Italy, the Netherlands, Poland, Belgium, the UK, the United States, Canada and Austria, represented more than two-thirds of total import. Spain (X units) took a minor share of total imports.
From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Australia (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, Germany ($X) constitutes the largest market for imported heat pumps other than air conditioning machines worldwide, comprising X% of global imports. The second position in the ranking was taken by France ($X), with a X% share of global imports. It was followed by the Netherlands, with a X% share.
From 2012 to 2023, the average annual growth rate of value in Germany totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: France (X% per year) and the Netherlands (X% per year).
Import Prices by Country
In 2023, the average heat pump import price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price recorded prominent growth. The growth pace was the most rapid in 2022 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure in 2023 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Austria ($X per unit), while Canada ($X per unit) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Austria (X%), while the other global leaders experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the global heat pump market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28251380 - Heat pumps other than air conditioning machines of HS
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Company coverage:
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
-
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
Recommended reports
This report provides an in-depth analysis of the heat pump market in Asia.
This report provides an in-depth analysis of the heat pump market in the U.S..
This report provides an in-depth analysis of the heat pump market in China.
This report provides an in-depth analysis of the heat pump market in the EU.