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Global Residential Heat Pump Growth Opportunities
Residential Heat Pump Market – Growth Opportunities, Analysis, Forecast, North America, 2022 Updated Research Available
Technology Strategies Push Heat Pumps To Play A Significant Role In Decarbonizing Heat,Heat Pump Market,Residential Heat Pump Market,Heat Pump Industry Analysis
RELEASE DATE
16-Dec-2022
16-Dec-2022
REGION
North America
North America
Deliverable Type
Market Research
Market Research
Research Code: MGAE-01-00-00-00
SKU: EG02297-NA-MT_27276
$4,950.00
Special Price $3,712.50 save 25 %
In stock
SKU
EG02297-NA-MT_27276
The heat pump industry is now revolutionizing in terms of market uptake and initiatives toward grid decarbonization and wean away from Russian gas imports. Social and policy innovation will boost demand in the UK, Germany, and Ireland; high demand will be seen in France, Italy, and the Nordics and moderately high demand in Benelux, Austria, and Poland. Scandinavian countries have some of the highest per capita penetration levels for heat pumps. Europe and North America hold more than three-fourths of the global unit shipment share and will continue to lead in terms of demand. Air source heat pumps will continue to be the prime technology worldwide. A more transparent, equitable, and ambitious transition toward heat pumps largely depends on the government ambitions, tax deductions, levy exemption, subsidies, and reduction in VAT. The high, unimpressive upfront cost associated with heat pumps remains a key restraint. However, various companies are also scaling up production to make heat pumps more cost competitive than a boiler. The global heat pumps market is poised to grow at a CAGR of 8.5% from 2020 to 2030. Despite high market potential and demand for heat pumps, the lack of skilled workers and installation challenges, higher dependence on natural gas for heating, lack of customer awareness, and poorly insulated building stock are some of key challenges hampering mass-market uptake. This research service offers insights into the latest market developments and forecasts for unit shipment, cumulative installed base, associated revenue for major regions, and detailed analysis of key country markets.
Key Issues Addressed:
- What are the key drivers and restraints that impact the growth of the heat pump market?
- Which regions and countries offer the best prospects for growth during the forecast period?
- What are the growth opportunities, and where do they lie?
- Which are the key participants in the global and regional markets?
Author: Neha Tatikota
Why is it Increasingly Difficult to Grow?The Strategic Imperative 8™: Factors Creating Pressure on Growth
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Residential Heat Pump (HP) Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Findings
Scope of Analysis
Market Overview and Definitions
Segmentation
Key Competitors
Growth Metrics
Distribution Channels
Heat-As-A-Service
Residential Energy Uses Variances
The European Race for Heat Pumps
Heat Pumps Installed Base
HP Adoption Number of Heating Degree Days
HPs Are Cheaper than Gas Boilers—Fact or Fiction? (UK Case Example)
Growth Drivers
Growth Driver Analysis
Growth Restraints
Growth Restraint Analysis
The EU Regulatory Outlook Favoring HPs
Fossil Fuel Bans Across Europe
Fossil Fuel Bans Across Europe (continued)
Fossil Fuel Bans Across Europe (continued)
Support Mechanisms by Country for HPs
Support Mechanisms by Country for HPs (continued)
Support Mechanisms by Country for HPs (continued)
Support Mechanisms by Country for HPs (continued)
Support Mechanisms by Country for HPs (continued)
Support Mechanisms by Country for HPs (continued)
Forecast Assumptions
Revenue and Unit Shipment Forecast
Heat Pumps: Unit Forecast by Technology, Global, 2020–2030
Revenue Forecast by Technology
Unit Forecast by Region
Revenue Forecast by Region
Revenue and Unit Shipment Forecast Analysis by Region
Revenue and Unit Shipment Forecast Analysis by Region (continued)
Revenue and Unit Shipment Forecast Analysis by Region (continued)
The Competitive Environment
The Competitive Environment—Tier Analysis
The Competitive Environment—Analysis
The Competitive Environment—Analysis (continued)
HP Unit Shipment Forecast by Country
HP Unit Shipment Forecast by Country (continued)
ASHP Unit Shipment Forecast by Country
ASHP Unit Shipment Forecast by Country (continued)
GSHP Unit Shipment Forecast by Country
GSHP Unit Shipment Forecast by Country (continued)
HP Revenue Forecast by Country
HP Revenue Forecast by Country (continued)
ASHP Revenue Forecast by Country
ASHP Revenue Forecast by Country (continued)
GSHP Revenue Forecast by Country
GSHP Revenue Forecast by Country (continued)
HP Market—France
Installed Base Forecast—France
HP Market—UK
HP Market—UK (continued)
Installed Base Forecast—UK
HP Market—Germany
HP Market—Germany (continued)
Installed Base Forecast—Germany
HP Market—Italy
Installed Base Forecast—Italy
HP Market—Sweden
Installed Base Forecast—Sweden
HP Market—Denmark
Installed Base Forecast—Denmark
HP Market—Finland
Installed Base Forecast—Finland
HP Market—Spain
Installed Base Forecast—Spain
HP Market—The Netherlands
Installed Base Forecast—Benelux
HP Market—Norway
Installed Base Forecast—Norway
HP Market—US
HP Market—US (continued)
HP Market—US (continued)
Installed Base Forecast—US
Growth Opportunity 1: Heat-as-a-Service
Growth Opportunity 1: Heat-as-a-Service (continued)
Growth Opportunity 2: Industry Convergence
Growth Opportunity 2: Industry Convergence (continued)
Growth Opportunity 3: Smart Heat Pumps
Growth Opportunity 3: Smart Heat Pumps (continued)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
List of Figures- Heat Pumps: Growth Metrics, Global, 2021
- Heat Pumps per Thousand Households, Europe 2021 & 2028
- Heat Pumps Installed Base, Europe, 2021
- Heat Pump Adoption by Country, Europe, 2021
- Heat Pumps: Growth Drivers, Global, 2022–2030
- Heat Pumps: Growth Restraints, Global, 2022–2030
- Heat Pumps: Revenue and Unit Forecast, Global, 2020–2030
- Heat Pumps: Unit Forecast by Technology, Global, 2020–2030
- Heat Pumps: Revenue Forecast by Technology, Global, 2020–2030
- Heat Pumps: Unit Forecast by Region, Global, 2020–2030
- Heat Pumps: Revenue Forecast by Region, Global, 2020–2030
- Heat Pumps: Unit Forecast by Country, Global, 2020–2030
- ASHP: Unit Forecast by Country, Global, 2020–2030
- GSHP: Unit Forecast by Country, Global, 2020–2030
- Heat Pumps: Revenue Forecast by Country, Global, 2020–2030
- ASHP: Revenue Forecast by Country, Global, 2020–2030
- GSHP: Revenue Forecast by Country, Global, 2020–2030
- Heat Pumps: Installed Base Forecast, France, 2020–2030
- Heat Pumps: Installed Base Forecast, UK, 2020–2030
- Heat Pumps: Installed Base Forecast, Germany, 2020–2030
- Heat Pumps: Installed Base Forecast, Italy, 2020–2030
- Heat Pumps: Installed Base Forecast, Sweden, 2020–2030
- Heat Pumps: Installed Base Forecast, Denmark, 2020–2030
- Heat Pumps: Installed Base Forecast, Finland, 2020–2030
- Heat Pumps: Installed Base Forecast, Spain, 2020–2030
- Heat Pumps: Installed Base Forecast, Benelux, 2020–2030
- Heat Pumps: Installed Base Forecast, Norway, 2020–2030
- Heat Pumps: Installed Base Forecast, US, 2020–2030
Purchase includes:
- Report download
- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
The heat pump industry is now revolutionizing in terms of market uptake and initiatives toward grid decarbonization and wean away from Russian gas imports. Social and policy innovation will boost demand in the UK, Germany, and Ireland; high demand will be seen in France, Italy, and the Nordics and moderately high demand in Benelux, Austria, and Poland. Scandinavian countries have some of the highest per capita penetration levels for heat pumps. Europe and North America hold more than three-fourths of the global unit shipment share and will continue to lead in terms of demand. Air source heat pumps will continue to be the prime technology worldwide. A more transparent, equitable, and ambitious transition toward heat pumps largely depends on the government ambitions, tax deductions, levy exemption, subsidies, and reduction in VAT. The high, unimpressive upfront cost associated with heat pumps remains a key restraint. However, various companies are also scaling up production to make heat pumps more cost competitive than a boiler. The global heat pumps market is poised to grow at a CAGR of 8.5% from 2020 to 2030. Despite high market potential and demand for heat pumps, the lack of skilled workers and installation challenges, higher dependence on natural gas for heating, lack of customer awareness, and poorly insulated building stock are some of key challenges hampering mass-market uptake. This research service offers insights into the latest market developments and forecasts for unit shipment, cumulative installed base, associated revenue for major regions, and detailed analysis of key country markets.--BEGIN PROMO--
Key Issues Addressed:
- What are the key drivers and restraints that impact the growth of the heat pump market
- Which regions and countries offer the best prospects for growth during the forecast period
- What are the growth opportunities, and where do they lie
- Which are the key participants in the global and regional markets
Author: Neha Tatikota
| New Title | Residential Heat Pump Market – Growth Opportunities, Analysis, Forecast, North America, 2022 |
|---|---|
| New Subtitle | Technology Strategies Push Heat Pumps To Play A Significant Role In Decarbonizing Heat,Heat Pump Market,Residential Heat Pump Market,Heat Pump Industry Analysis |
| Deliverable Type | Market Research |
| Author | Neha Tatikota |
| Industries | Energy |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Heat Pump Market |
| Keyword 2 | Residential Heat Pump Market |
| Keyword 3 | Heat Pump Industry Analysis |
| List of Charts and Figures | Heat Pumps: Growth Metrics, Global, 2021~ Heat Pumps per Thousand Households, Europe 2021 & 2028~ Heat Pumps Installed Base, Europe, 2021~ Heat Pump Adoption by Country, Europe, 2021~ Heat Pumps: Growth Drivers, Global, 2022–2030~ Heat Pumps: Growth Restraints, Global, 2022–2030~ Heat Pumps: Revenue and Unit Forecast, Global, 2020–2030~ Heat Pumps: Unit Forecast by Technology, Global, 2020–2030~ Heat Pumps: Revenue Forecast by Technology, Global, 2020–2030~ Heat Pumps: Unit Forecast by Region, Global, 2020–2030~ Heat Pumps: Revenue Forecast by Region, Global, 2020–2030~ Heat Pumps: Unit Forecast by Country, Global, 2020–2030~ ASHP: Unit Forecast by Country, Global, 2020–2030~ GSHP: Unit Forecast by Country, Global, 2020–2030~ Heat Pumps: Revenue Forecast by Country, Global, 2020–2030~ ASHP: Revenue Forecast by Country, Global, 2020–2030~ GSHP: Revenue Forecast by Country, Global, 2020–2030~ Heat Pumps: Installed Base Forecast, France, 2020–2030~ Heat Pumps: Installed Base Forecast, UK, 2020–2030~ Heat Pumps: Installed Base Forecast, Germany, 2020–2030~ Heat Pumps: Installed Base Forecast, Italy, 2020–2030~ Heat Pumps: Installed Base Forecast, Sweden, 2020–2030~ Heat Pumps: Installed Base Forecast, Denmark, 2020–2030~ Heat Pumps: Installed Base Forecast, Finland, 2020–2030~ Heat Pumps: Installed Base Forecast, Spain, 2020–2030~ Heat Pumps: Installed Base Forecast, Benelux, 2020–2030~ Heat Pumps: Installed Base Forecast, Norway, 2020–2030~ Heat Pumps: Installed Base Forecast, US, 2020–2030~ |
| Podcast | No |
| WIP Number | MGAE-01-00-00-00 |