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Report
Air Source Heat Pump Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Process (Air to Air (Ducts, Ductless), Air to Water (Split, Integrated)) By End Use (Residential, Hotels & Resorts, Gym & Spas, Education, Food Service, and Others (Healthcare, Offices, etc.)), By Sales Channel (Plumbers, Dealers & Contractors, Retail, Direct Sales, Online, and Others (Distributors, Builders, etc.)), By Region, Competition
Market Report I 2023-06-01 I 116 Pages I TechSci Research
The global air source heat pump market is driven by the acceleration of climate change and the subsequent increase in the deployment of clean and sustainable energy solutions. The demand for alternative energy sources with increased efficiency and sustainability benefits has increased due to the rapid growth in the world's population and the increasing cost of gasoline. This has prompted significant industry players to launch R&D initiatives to create cutting-edge technologies and HVAC systems with lower carbon footprints and GHG emissions. For example, in June 2022, the maker of HVAC systems, Trane, introduced the Ascend model ACX. This first air-to-water heat pump enables households to seek decarbonization through electric cooling and heating. The most recent technology includes a heat pump and chiller technologies, providing residential structures with space heating and cooling features. The many economies' accelerating shift to a green economy could improve the industry outlook.
Over the past few years, policy support for heat pumps and necessary technology for heat decarbonization has increased in many countries. According to the International Energy Agency (IEA), in 2021, 190 million heat pump units were operating in buildings globally. Over the past few years, the global stock of heat pumps has grown consistently, especially in the vital heating markets of North America, Europe, and northern and eastern Asia. Sales of heat pumps had record-high growth in 2021, particularly in Europe, China, and the United States. Despite supply chain issues, 2022 also exhibits early signs of robust growth. Energy security, especially in the European Union, is a significant driver for heat pumps outside of climate goals, with increased policy emphasis in 2022. Reversible heat pumps are used to meet an increasing need for space cooling, contributing to the deployment.
According to the IEA's report, global heat pump sales climbed by more than 13% in 2021. Sales in the European Union, where France, Italy, and Germany are the three biggest markets, increased by over 35% annually and surpassed 2.2 million units. The following most active markets for air-source heat pumps were China (up 13%), Japan (up 13%), and the United States (up 15%). With more than 60% of the global market share in 2021, air-source heat pumps dominate sales. Ground-source (or geothermal) heat pumps are more efficient at heating and cooling than air-source heat pumps. Still, because of their higher initial cost and the specialized knowledge and skills needed for installation, Heat Pumps only account for around 2.5% of global sales in the European Union.
Fluctuations in Temperature Across the Globe are Fueling the Market Growth
Temperature variations among different regions, as a significant element, are influencing the need for air-source heat pumps. Rising CO2 levels have brought extreme climate changes in numerous economies worldwide, which is driving up the demand for effective heating and cooling systems. For instance, Canada's northwest territories experienced their coldest day in December 2021 when the temperature dropped to minus -51C. On the other side, Louisburg and Nova Scotia in Canada had the day's hottest temperatures (averaging 4.6C). The air source heat pump market landscape will be improved by the deliberate switch from fossil fuel-powered boilers toward low carbon heat pumps due to its capacity to operate over a wide range of temperatures to service heating & cooling needs efficiently.
Increasing Government Initiatives are Fueling the Market Growth
The global market for air source heat pumps is growing due to the adoption of a clear legal framework and the availability of financial assistance programs, including tax benefits, rebates, and subsidies. To minimize their carbon footprint, the governments of many nations are investing in and taking steps to promote the market for air-source heat pumps. Europe's market is expanding due to its efforts to adopt a tougher regulation framework, new heat pump programs, and profitable national goals that complement the sector's growth. For instance, Germany unveiled the Energy Efficiency Work Plan, which outlines its plans to construct over 500,000 heat pump units by 2024 and over 800,000 units annually following the implementation of the heat pump mandate. Additionally, the nation intends to stop funding construction and gas heating projects that do not meet the new Efficiency House 40 requirement. The region's strict regulatory framework will boost the adoption of products in the area.
Energy Efficiency of Heat Pumps is Aiding the Market Growth
Because they don't require a lot of electricity to operate, air-source heat pumps aid in energy conservation. A correctly designed air-source heat pump can provide a home with up to three times as much heat as the electrical energy it uses, according to the US Department of Energy. This is feasible because a heat pump transfer heat rather than converting it from a combustion heating system that uses fuel. The Northeast Energy Efficiency Partnerships found that installing an air-source heat pump resulted in annual savings of about 3,000 kWh (or USD459), compared to electric resistance heaters and 6,200 kWh (or USD948), compared to oil systems when entire units were replaced in the Northeast and Mid-Atlantic regions. The average annual savings are close to 3,000 kWh when replacing oil (i.e., the oil system is kept but uses less energy) (or about USD300). Future market growth is anticipated to be boosted by these reasons.
Poor Maintenance and Installation are Hindering the Market Growth
Poor installation, duct losses, and inadequate maintenance are a few challenges preventing the global market for air-source heat pumps from expanding. Most heat pumps have serious installation or maintenance concerns, which reduces their effectiveness and performance. Over 50% of heat pumps have significant issues with insufficient airflow, leaky ducts, and incorrect refrigerant charge. Heat pumps' performance will deteriorate if regular maintenance and servicing are not performed. These factors are anticipated to restrain the market's expansion for air-source heat pumps.
Market Segmentation
The global air source heat pump market is segmented into the process, end use, sales channel, region, and company. Based on the process, the market is segmented into air-to-air (ducts, ductless) and air-to-water (split, integrated). Based on end use, the market is divided into residential, hotels & resorts, gyms & spas, education, food service, and others (Healthcare, Offices, etc.). Based on sales channel, the market is fragmented into plumbers, dealers & contractors, retail, direct sales, online, and others (Distributors, Builders, etc.). The market analysis also studies the regional segmentation, divided among North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
Company Profiles
Vaillant Group, Swegon Group AB, Robert Bosch GmbH, Trane Technologies Company, LLC, NIBE Industrier AB, Corp., Rheem Manufacturing Company, Viessmann Group, A. O. Smith Corporation, DAIKIN INDUSTRIES, Ltd., Carrier Global Corporation, are among the major market players in the global platform that lead the market growth of the global air source heat pump market.
Report Scope:
In this report, the global air source heat pump market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
- Global Air Source Heat Pump Market, By Process:
o Air-to-Air
o Air-to-Water
- Global Air Source Heat Pump Market, By End Use:
o Residential
o Hotels & Resorts
o Gym & Spas
o Education
o Food Service
o Others
- Global Air Source Heat Pump Market, By Sales Channel:
o Plumbers
o Dealers & Contractors
o Retail
o Direct Sales
o Online
o Others
- Air Source Heat Pump Market, By Region:
o North America
- United States
- Canada
- Mexico
o Europe
- France
- Germany
- United Kingdom
- Italy
- Spain
- Norway
- Sweden
o Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- New Zealand
- Finland
o Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
- Qatar
- Kuwait
o South America
- Brazil
- Argentina
- Colombia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the global Air Source Heat Pump market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a companys specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. Introduction
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
4. Voice of Customer Analysis (B2C Model Analysis)
4.1. Sample Size Determination
4.2. Respondent Demographics
4.2.1. By Gender
4.2.2. By Age
4.2.3. By Occupation
4.3. Brand Awareness
4.4. Frequency of Usage
4.5. Factors Influencing Purchase Decision
4.6. Brand Satisfaction
4.7. Customer Satisfaction
4.8. Challenges Faced Post Purchase
5. Global Air Source Heat Pump Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.1.2. By Volume
5.2. Market Share & Forecast
5.2.1. By Process Market Share Analysis (Air to Air, Air to Water)
5.2.2. By End Use Market Share Analysis (Residential, Hotels & Resorts, Gym & Spas, Education, Food Service, and Others (Healthcare, Offices, etc.)
5.2.3. By Sales Channel Market Share Analysis (Plumbers, Dealers & Contractors, Retail, Direct Sales, Online, and Others (Distributors, Builders, etc.))
5.2.4. By Regional Market Share Analysis
5.2.4.1. North America Market Share Analysis
5.2.4.2. Europe Market Share Analysis
5.2.4.3. Asia -Pacific Market Share Analysis
5.2.4.4. Middle East & Africa Market Share Analysis
5.2.4.5. South America Market Share Analysis
5.2.5. By Company Market Share Analysis
5.3. Global Air Source Heat Pump Market Mapping & Opportunity Assessment
5.3.1. By Process Market Mapping & Opportunity Assessment
5.3.2. By End-Use Market Mapping & Opportunity Assessment
5.3.3. By Sales Channel Market Mapping & Opportunity Assessment
5.3.4. By Regional Market Mapping & Opportunity Assessment
6. North America Air Source Heat Pump Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.1.2. By Volume
6.2. Market Share & Forecast
6.2.1. By Air to Air Market Share Analysis
6.2.2. By Air to Water Market Share Analysis
6.2.3. By End-Use Market Share Analysis
6.2.4. By Sales Channel Market Share Analysis
6.2.5. By Country Market Share Analysis
6.2.5.1. United States Air Source Heat Pump Market Outlook
6.2.5.1.1. Market Size & Forecast
6.2.5.1.1.1. By Value
6.2.5.1.1.2. By Volume
6.2.5.1.2. Market Share & Forecast
6.2.5.1.2.1. By Air to Air Market Share Analysis
6.2.5.1.2.2. By Air to Water Market Share Analysis
6.2.5.1.2.3. By End-Use Market Share Analysis
6.2.5.1.2.4. By Sales Channel Market Share Analysis
6.2.5.2. Canada Air Source Heat Pump Market Outlook
6.2.5.2.1. Market Size & Forecast
6.2.5.2.1.1. By Value
6.2.5.2.1.2. By Volume
6.2.5.2.2. Market Share & Forecast
6.2.5.2.2.1. By Air to Air Market Share Analysis
6.2.5.2.2.2. By Air to Water Market Share Analysis
6.2.5.2.2.3. By End-Use Market Share Analysis
6.2.5.2.2.4. By Sales Channel Market Share Analysis
6.2.5.3. Mexico Air Source Heat Pump Market Outlook
6.2.5.3.1. Market Size & Forecast
6.2.5.3.1.1. By Value
6.2.5.3.1.2. By Volume
6.2.5.3.2. Market Share & Forecast
6.2.5.3.2.1. By Air to Air Market Share Analysis
6.2.5.3.2.2. By Air to Water Market Share Analysis
6.2.5.3.2.3. By End-Use Market Share Analysis
6.2.5.3.2.4. By Sales Channel Market Share Analysis
7. Europe Air Source Heat Pump Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.1.2. By Volume
7.2. Market Share & Forecast
7.2.1. By Air to Air Market Share Analysis
7.2.2. By Air to Water Market Share Analysis
7.2.3. By End-Use Market Share Analysis
7.2.4. By Sales Channel Market Share Analysis
7.2.5. By Country Market Share Analysis
7.2.5.1. United Kingdom Air Source Heat Pump Market Outlook
7.2.5.1.1. Market Size & Forecast
7.2.5.1.1.1. By Value
7.2.5.1.1.2. By Volume
7.2.5.1.2. Market Share & Forecast
7.2.5.1.2.1. By Air to Air Market Share Analysis
7.2.5.1.2.2. By Air to Water Market Share Analysis
7.2.5.1.2.3. By End-Use Market Share Analysis
7.2.5.1.2.4. By Sales Channel Market Share Analysis
7.2.5.2. Germany Air Source Heat Pump Market Outlook
7.2.5.2.1. Market Size & Forecast
7.2.5.2.1.1. By Value
7.2.5.2.1.2. By Volume
7.2.5.2.2. Market Share & Forecast
7.2.5.2.2.1. By Air to Air Market Share Analysis
7.2.5.2.2.2. By Air to Water Market Share Analysis
7.2.5.2.2.3. By End-Use Market Share Analysis
7.2.5.2.2.4. By Sales Channel Market Share Analysis
7.2.5.3. France Air Source Heat Pump Market Outlook
7.2.5.3.1. Market Size & Forecast
7.2.5.3.1.1. By Value
7.2.5.3.1.2. By Volume
7.2.5.3.2. Market Share & Forecast
7.2.5.3.2.1. By Air to Air Market Share Analysis
7.2.5.3.2.2. By Air to Water Market Share Analysis
7.2.5.3.2.3. By End-Use Market Share Analysis
7.2.5.3.2.4. By Sales Channel Market Share Analysis
7.2.5.4. Spain Air Source Heat Pump Market Outlook
7.2.5.4.1. Market Size & Forecast
7.2.5.4.1.1. By Value
7.2.5.4.1.2. By Volume
7.2.5.4.2. Market Share & Forecast
7.2.5.4.2.1. By Air to Air Market Share Analysis
7.2.5.4.2.2. By Air to Water Market Share Analysis
7.2.5.4.2.3. By End-Use Market Share Analysis
7.2.5.4.2.4. By Sales Channel Market Share Analysis
7.2.5.5. Italy Air Source Heat Pump Market Outlook
7.2.5.5.1. Market Size & Forecast
7.2.5.5.1.1. By Value
7.2.5.5.1.2. By Volume
7.2.5.5.2. Market Share & Forecast
7.2.5.5.2.1. By Air to Air Market Share Analysis
7.2.5.5.2.2. By Air to Water Market Share Analysis
7.2.5.5.2.3. By End-Use Market Share Analysis
7.2.5.5.2.4. By Sales Channel Market Share Analysis
7.2.5.6. Norway Air Source Heat Pump Market Outlook
7.2.5.6.1. Market Size & Forecast
7.2.5.6.1.1. By Value
7.2.5.6.1.2. By Volume
7.2.5.6.2. Market Share & Forecast
7.2.5.6.2.1. By Air to Air Market Share Analysis
7.2.5.6.2.2. By Air to Water Market Share Analysis
7.2.5.6.2.3. By End-Use Market Share Analysis
7.2.5.6.2.4. By Sales Channel Market Share Analysis
7.2.5.7. Sweden Air Source Heat Pump Market Outlook
7.2.5.7.1. Market Size & Forecast
7.2.5.7.1.1. By Value
7.2.5.7.1.2. By Volume
7.2.5.7.2. Market Share & Forecast
7.2.5.7.2.1. By Air to Air Market Share Analysis
7.2.5.7.2.2. By Air to Water Market Share Analysis
7.2.5.7.2.3. By End-Use Market Share Analysis
7.2.5.7.2.4. By Sales Channel Market Share Analysis
8. Asia-Pacific Air Source Heat Pump Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.1.2. By Volume
8.2. Market Share & Forecast
8.2.1. By Air to Air Market Share Analysis
8.2.2. By Air to Water Market Share Analysis
8.2.3. By End-Use Market Share Analysis
8.2.4. By Sales Channel Market Share Analysis
8.2.5. By Country Market Share Analysis
8.2.5.1. China Air Source Heat Pump Market Outlook
8.2.5.1.1. Market Size & Forecast
8.2.5.1.1.1. By Value
8.2.5.1.1.2. By Volume
8.2.5.1.2. Market Share & Forecast
8.2.5.1.2.1. By Air to Air Market Share Analysis
8.2.5.1.2.2. By Air to Water Market Share Analysis
8.2.5.1.2.3. By End-Use Market Share Analysis
8.2.5.1.2.4. By Sales Channel Market Share Analysis
8.2.5.2. Japan Air Source Heat Pump Market Outlook
8.2.5.2.1. Market Size & Forecast
8.2.5.2.1.1. By Value
8.2.5.2.1.2. By Volume
8.2.5.2.2. Market Share & Forecast
8.2.5.2.2.1. By Air to Air Market Share Analysis
8.2.5.2.2.2. By Air to Water Market Share Analysis
8.2.5.2.2.3. By End-Use Market Share Analysis
8.2.5.2.2.4. By Sales Channel Market Share Analysis
8.2.5.3. India Air Source Heat Pump Market Outlook
8.2.5.3.1. Market Size & Forecast
8.2.5.3.1.1. By Value
8.2.5.3.1.2. By Volume
8.2.5.3.2. Market Share & Forecast
8.2.5.3.2.1. By Air to Air Market Share Analysis
8.2.5.3.2.2. By Air to Water Market Share Analysis
8.2.5.3.2.3. By End-Use Market Share Analysis
8.2.5.3.2.4. By Sales Channel Market Share Analysis
8.2.5.4. Australia Air Source Heat Pump Market Outlook
8.2.5.4.1. Market Size & Forecast
8.2.5.4.1.1. By Value
8.2.5.4.1.2. By Volume
8.2.5.4.2. Market Share & Forecast
8.2.5.4.2.1. By Air to Air Market Share Analysis
8.2.5.4.2.2. By Air to Water Market Share Analysis
8.2.5.4.2.3. By End-Use Market Share Analysis
8.2.5.4.2.4. By Sales Channel Market Share Analysis
8.2.5.5. New Zealand Air Source Heat Pump Market Outlook
8.2.5.5.1. Market Size & Forecast
8.2.5.5.1.1. By Value
8.2.5.5.1.2. By Volume
8.2.5.5.2. Market Share & Forecast
8.2.5.5.2.1. By Air to Air Market Share Analysis
8.2.5.5.2.2. By Air to Water Market Share Analysis
8.2.5.5.2.3. By End-Use Market Share Analysis
8.2.5.5.2.4. By Sales Channel Market Share Analysis
8.2.5.6. South Korea Air Source Heat Pump Market Outlook
8.2.5.6.1. Market Size & Forecast
8.2.5.6.1.1. By Value
8.2.5.6.1.2. By Volume
8.2.5.6.2. Market Share & Forecast
8.2.5.6.2.1. By Air to Air Market Share Analysis
8.2.5.6.2.2. By Air to Water Market Share Analysis
8.2.5.6.2.3. By End-Use Market Share Analysis
8.2.5.6.2.4. By Sales Channel Market Share Analysis
8.2.5.7. Finland Air Source Heat Pump Market Outlook
8.2.5.7.1. Market Size & Forecast
8.2.5.7.1.1. By Value
8.2.5.7.1.2. By Volume
8.2.5.7.2. Market Share & Forecast
8.2.5.7.2.1. By Air to Air Market Share Analysis
8.2.5.7.2.2. By Air to Water Market Share Analysis
8.2.5.7.2.3. By End-Use Market Share Analysis
8.2.5.7.2.4. By Sales Channel Market Share Analysis
9. Middle East & Africa Air Source Heat Pump Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.1.2. By Volume
9.2. Market Share & Forecast
9.2.1. By Air to Air Market Share Analysis
9.2.2. By Air to Water Market Share Analysis
9.2.3. By End-Use Market Share Analysis
9.2.4. By Sales Channel Market Share Analysis
9.2.5. By Country Market Share Analysis
9.2.5.1. Saudi Arabia Air Source Heat Pump Market Outlook
9.2.5.1.1. Market Size & Forecast
9.2.5.1.1.1. By Value
9.2.5.1.1.2. By Volume
9.2.5.1.2. Market Share & Forecast
9.2.5.1.2.1. By Air to Air Market Share Analysis
9.2.5.1.2.2. By Air to Water Market Share Analysis
9.2.5.1.2.3. By End-Use Market Share Analysis
9.2.5.1.2.4. By Sales Channel Market Share Analysis
9.2.5.2. UAE Air Source Heat Pump Market Outlook
9.2.5.2.1. Market Size & Forecast
9.2.5.2.1.1. By Value
9.2.5.2.1.2. By Volume
9.2.5.2.2. Market Share & Forecast
9.2.5.2.2.1. By Air to Air Market Share Analysis
9.2.5.2.2.2. By Air to Water Market Share Analysis
9.2.5.2.2.3. By End-Use Market Share Analysis
9.2.5.2.2.4. By Sales Channel Market Share Analysis
9.2.5.3. Qatar Air Source Heat Pump Market Outlook
9.2.5.3.1. Market Size & Forecast
9.2.5.3.1.1. By Value
9.2.5.3.1.2. By Volume
9.2.5.3.2. Market Share & Forecast
9.2.5.3.2.1. By Air to Air Market Share Analysis
9.2.5.3.2.2. By Air to Water Market Share Analysis
9.2.5.3.2.3. By End-Use Market Share Analysis
9.2.5.3.2.4. By Sales Channel Market Share Analysis
9.2.5.4. Kuwait Air Source Heat Pump Market Outlook
9.2.5.4.1. Market Size & Forecast
9.2.5.4.1.1. By Value
9.2.5.4.1.2. By Volume
9.2.5.4.2. By Air to Air Market Share Analysis
9.2.5.4.3. By Air to Water Market Share Analysis
9.2.5.4.4. By End-Use Market Share Analysis
9.2.5.4.5. By Sales Channel Market Share Analysis
9.2.5.5. South Africa Air Source Heat Pump Market Outlook
9.2.5.5.1. Market Size & Forecast
9.2.5.5.1.1. By Value
9.2.5.5.1.2. By Volume
9.2.5.5.2. Market Share & Forecast
9.2.5.5.2.1. By Air to Air Market Share Analysis
9.2.5.5.2.2. By Air to Water Market Share Analysis
9.2.5.5.2.3. By End-Use Market Share Analysis
9.2.5.5.2.4. By Sales Channel Market Share Analysis
10. South America Air Source Heat Pump Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.1.2. By Volume
10.2. Market Share & Forecast
10.2.1. By Air to Air Market Share Analysis
10.2.2. By Air to Water Market Share Analysis
10.2.3. By End-Use Market Share Analysis
10.2.4. By Sales Channel Market Share Analysis
10.2.5. By Country Market Share Analysis
10.2.5.1. Brazil Air Source Heat Pump Market Outlook
10.2.5.1.1. Market Size & Forecast
10.2.5.1.1.1. By Value
10.2.5.1.1.2. By Volume
10.2.5.1.2. Market Share & Forecast
10.2.5.1.2.1. By Air to Air Market Share Analysis
10.2.5.1.2.2. By Air to Water Market Share Analysis
10.2.5.1.2.3. By End-Use Market Share Analysis
10.2.5.1.2.4. By Sales Channel Market Share Analysis
10.2.5.2. Argentina Air Source Heat Pump Market Outlook
10.2.5.2.1. Market Size & Forecast
10.2.5.2.1.1. By Value
10.2.5.2.1.2. By Volume
10.2.5.2.2. Market Share & Forecast
10.2.5.2.2.1. By Air to Air Market Share Analysis
10.2.5.2.2.2. By Air to Water Market Share Analysis
10.2.5.2.2.3. By End-Use Market Share Analysis
10.2.5.2.2.4. By Sales Channel Market Share Analysis
10.2.5.3. Colombia Air Source Heat Pump Market Outlook
10.2.5.3.1. Market Size & Forecast
10.2.5.3.1.1. By Value
10.2.5.3.1.2. By Volume
10.2.5.3.2. Market Share & Forecast
10.2.5.3.2.1. By Air to Air Market Share Analysis
10.2.5.3.2.2. By Air to Water Market Share Analysis
10.2.5.3.2.3. By End-Use Market Share Analysis
10.2.5.3.2.4. By Sales Channel Market Share Analysis
11. Market Dynamics
11.1. Drivers
11.1.1. Increasing Demand for Air to Air Heat Pump
11.1.2. Rising Focus for Energy Efficient Products
11.1.3. Low Running Cost
11.2. Challenges
11.2.1. High Installation Cost
11.2.2. Increasing Competition
12. Impact of COVID-19 on Global Air Source Heat Pump Market
12.1. Impact Assessment Model
12.1.1. Key Segments Impacted
12.1.2. Key Regions Impacted
12.1.3. Key Countries Impacted
12.1.4. Key Distribution Channel Impacted
13. Market Trends & Developments
13.1. Technological Advancement
13.2. Increasing Government Initiatives
13.3. Surge in Construction Rate
13.4. Growing Demand from Residential Sector
13.5. Increasing Investment In R&D
14. SWOT Analysis
14.1. Strengths
14.2. Weakness
14.3. Opportunities
14.4. Threats
15. Porters Five Forces Model
15.1. Competitive Rivalry
15.2. Bargaining Power of Buyers
15.3. Bargaining Power of Suppliers
15.4. Threat of New Entrants
15.5. Threat of Substitutes
16. Import & Export Analysis
16.1. Import of Top 5 Countries
16.1.1. By Value
16.2. Export of Top 5 Countries
16.2.1. By Value
17. Competitive Landscape
17.1. Company Profiles
17.1.1. Vaillant Group
17.1.1.1. Company Details
17.1.1.2. Products & Services
17.1.1.3. Financial (As Reported)
17.1.1.4. Key Market Focus & Geographical Presence
17.1.1.5. Recent Development
17.1.1.6. Key Management Personnel
17.1.2. Swegon Group AB
17.1.2.1. Company Details
17.1.2.2. Products & Services
17.1.2.3. Financial (As Reported)
17.1.2.4. Key Market Focus & Geographical Presence
17.1.2.5. Recent Development
17.1.2.6. Key Management Personnel
17.1.3. Robert Bosch GmbH
17.1.3.1. Company Details
17.1.3.2. Products & Services
17.1.3.3. Financial (As Reported)
17.1.3.4. Key Market Focus & Geographical Presence
17.1.3.5. Recent Development
17.1.3.6. Key Management Personnel
17.1.4. Trane Technologies Company, LLC
17.1.4.1. Company Details
17.1.4.2. Products & Services
17.1.4.3. Financial (As Reported)
17.1.4.4. Key Market Focus & Geographical Presence
17.1.4.5. Recent Development
17.1.4.6. Key Management Personnel
17.1.5. NIBE Industrier AB, Corp.
17.1.5.1. Company Details
17.1.5.2. Products & Services
17.1.5.3. Financial (As Reported)
17.1.5.4. Key Market Focus & Geographical Presence
17.1.5.5. Recent Development
17.1.5.6. Key Management Personnel
17.1.6. Rheem Manufacturing Company
17.1.6.1. Company Details
17.1.6.2. Products & Services
17.1.6.3. Financial (As Reported)
17.1.6.4. Key Market Focus & Geographical Presence
17.1.6.5. Recent Development
17.1.6.6. Key Management Personnel
17.1.7. Viessmann Group
17.1.7.1. Company Details
17.1.7.2. Products & Services
17.1.7.3. Financial (As Reported)
17.1.7.4. Key Market Focus & Geographical Presence
17.1.7.5. Recent Development
17.1.7.6. Key Management Personnel
17.1.8. A. O. Smith Corporation
17.1.8.1. Company Details
17.1.8.2. Products & Services
17.1.8.3. Financial (As Reported)
17.1.8.4. Key Market Focus & Geographical Presence
17.1.8.5. Recent Development
17.1.8.6. Key Management Personnel
17.1.9. DAIKIN INDUSTRIES, Ltd.
17.1.9.1. Company Details
17.1.9.2. Products & Services
17.1.9.3. Financial (As Reported)
17.1.9.4. Key Market Focus & Geographical Presence
17.1.9.5. Recent Development
17.1.9.6. Key Management Personnel
17.1.10. Carrier Global Corporation
17.1.10.1. Company Details
17.1.10.2. Products & Services
17.1.10.3. Financial (As Reported)
17.1.10.4. Key Market Focus & Geographical Presence
17.1.10.5. Recent Development
17.1.10.6. Key Management Personnel
18. Strategic Recommendations/Action Plan
18.1. Key Focus Areas
18.2. Target Regions & Countries
18.3. Target Process
18.4. Target Sales Channel
(Note: The companies list can be customized based on the client requirements.)
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