Global Commercial Heat Pump Growth Opportunities

Global Commercial Heat Pump Growth Opportunities

Sustainability Policies Drive the Future Growth Potential of Heat Pumps

RELEASE DATE
22-Dec-2023
REGION
Global
Deliverable Type
Market Research
Research Code: PE4B-01-00-00-00
SKU: EG_2023_471
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Description

As organizations around the world continue to look for ways to decarbonize their operations, commercial heat pumps will witness growing adoption. This market is largely driven by government support measures to install, retrofit, and replace heating, ventilation, and air-conditioning (HVAC) systems with efficient heat pump systems. Heat pumps are a viable option for commercial buildings due to their ability to reach higher water temperatures, improve energy performance, and lower carbon footprints and operating costs. Restraints are presented by heat pumps that are market- and site-dependent and factors such as the age of building stock and insulation, which require evaluation. Installation costs, especially for existing properties, and capital costs are higher than for gas boilers. Larger investments will be necessary to ensure heat pumps do not put pressure on local electricity grids. Some markets lack skilled installers and consultants. However, the refurbishment of the building stock, the need to meet net-zero goals, and the shift to heat electrification will remain strong drivers for this market.

Key Issues Addressed?

  • What are the key drivers and restraints that impact the growth of the commercial heat pump market?
  • Which regions and countries offer the best prospects for growth during the forecast period?
  • What are the growth opportunities emerging from the changes in this space? What can market participants do to leverage them?
  • Which are the key participants in the global commercial heat pump market, and what are their key developments?

Author: Neha Tatikota

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Commercial Heat Pump (HP) Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Findings

Scope of Analysis

Market Overview and Definitions

Segmentation

Key Competitors

Growth Metrics

HaaS

Growth Drivers

Growth Driver Analysis

Growth Driver Analysis (continued)

Growth Restraints

Growth Restraint Analysis

Growth Restraint Analysis (continued)

Forecast Assumptions

Revenue and Unit Shipment Forecast

Revenue Forecast by Country

Unit Shipment Forecast by Country

Revenue and Unit Shipment Forecast Analysis

Revenue and Unit Shipment Forecast Analysis (continued)

Revenue and Unit Shipment Forecast Analysis (continued)

Revenue and Unit Shipment Forecast Analysis (continued)

Revenue and Unit Shipment Forecast Analysis (continued)

The Competitive Environment

The Competitive Environment—Tier Analysis

The Competitive Environment—Companies in Action

The Competitive Environment—Companies in Action (continued)

The Competitive Environment—Companies in Action (continued)

The Competitive Environment—Companies in Action (continued)

The Competitive Environment—Companies in Action (continued)

The Competitive Environment—Companies in Action (continued)

The Competitive Environment—Companies in Action (continued)

The Competitive Environment—Companies in Action (continued)

The Competitive Environment—Companies in Action (continued)

The Competitive Environment—Companies in Action (continued)

Growth Opportunity 1: HaaS

Growth Opportunity 1: HaaS (continued)

Growth Opportunity 2: Mass Manufacturing and Megafactories

Growth Opportunity 2: Mass Manufacturing and Megafactories (continued)

Growth Opportunity 3: All-electric and Sustainable Buildings

Growth Opportunity 3: All-electric and Sustainable Buildings (continued)

Growth Opportunity 4: Holistic Offerings and Hybridization

Growth Opportunity 4: Holistic Offerings and Hybridization (continued)

Growth Opportunity 5: End-user Sector Coupling

Growth Opportunity 5: End-user Sector Coupling (continued)

List of Exhibits

Legal Disclaimer

As organizations around the world continue to look for ways to decarbonize their operations, commercial heat pumps will witness growing adoption. This market is largely driven by government support measures to install, retrofit, and replace heating, ventilation, and air-conditioning (HVAC) systems with efficient heat pump systems. Heat pumps are a viable option for commercial buildings due to their ability to reach higher water temperatures, improve energy performance, and lower carbon footprints and operating costs. Restraints are presented by heat pumps that are market- and site-dependent and factors such as the age of building stock and insulation, which require evaluation. Installation costs, especially for existing properties, and capital costs are higher than for gas boilers. Larger investments will be necessary to ensure heat pumps do not put pressure on local electricity grids. Some markets lack skilled installers and consultants. However, the refurbishment of the building stock, the need to meet net-zero goals, and the shift to heat electrification will remain strong drivers for this market.--BEGIN PROMO--

Key Issues Addressed?

  • What are the key drivers and restraints that impact the growth of the commercial heat pump market?
  • Which regions and countries offer the best prospects for growth during the forecast period?
  • What are the growth opportunities emerging from the changes in this space? What can market participants do to leverage them?
  • Which are the key participants in the global commercial heat pump market, and what are their key developments?

Author: Neha Tatikota

More Information
Deliverable Type Market Research
Author Neha Tatikota
Industries Energy
No Index No
Is Prebook No
Keyword 1 Heat Pump Industry Trends
Keyword 2 Heat Pump Market Forecast
Keyword 3 HVAC Technology Trends
Podcast No
WIP Number PE4B-01-00-00-00