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Heat Pumps Market

Heat Pumps demand to rise significantly, amid a broad range of Industrial Applications

Heat Pumps Industry Analysis by Product Type, System, and Region Forecast- 2022 to 2032

Heat Pumps Market Outlook (2022-2032)

[254 Pages] Future Market Insights (FMI) has estimated the heat pumps market to grow with a year-on-year growth of 3.6% in 2022 reaching a value of about US$ 33,156 Mn by 2022 end. By 2032, the market is expected to reach US$ 50.714 Mn at a CAGR of 4.3%.

Reducing the initial demand for energy and carbon emissions from such devices is identified as a key driver of the heat pump market. Increased investment in the construction and residential sectors will provide new growth markets for heat pump suppliers. The market is anticipated to witness a considerable value CAGR of 5.4% during the period of 2022 and 2030.

FMI has identified Asia Pacific region to command dominant position in the heat pump market followed by North America. APAC and North America are projected to hold a collective revenue share of 73.9 % in the global market, by the end of 2032.

Data Points

Key Statistics

Heat Pumps Market Size (2021A)

US$ 31,994 Mn

Heat Pumps Sales (2022E)

US$ 33,156 Mn

Projected Heat Pumps Market Size (2032F)

US$ 50,714 Mn

Value CAGR (2022-2032)

4.3%

Collective Value Share: Top 3 Countries (2022E)

65.7%

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2016-2021 Heat Pumps Market Outlook Compared to 2022-2032 Forecast

In heat pumps, conventional fuel-based heating systems are replaced with technologies that incorporate renewable or green energy sources for functioning. This USP has led to significant adoption of heat pump technology in residential areas as an option for low-cost heating system. Apart from this, the heat pump technology has contributed significantly to reducing carbon emissions and also complies with regulatory norms.

As a result, growing environmental concerns and permissive regulatory policies are fueling the growth of the heat pump market. Heat pumps using natural refrigerants are gaining traction. Natural refrigerants such as ammonia (R717), carbon dioxide (R744), and hydrocarbon are being increasingly preferred due to their environment-friendly properties.

Key suppliers of heat pumps are focusing on product differentiation through innovation in terms of integration of new technologies, new application areas, and improving efficiency. Latest technologies being integrated by key players are hybrid heat pump with gas boilers, gas heat pumps, inverter driven compressors, and smart heat pumps. The growth of Heat Pumps is likely to grow at a growth rate of 4.5% by Volume over the assessment period of 2022-2032.

How Government Regulatory Framework will drive demand for Heat Pumps?

The growth of the construction industry and the increase in the implementation of strict new regulations for building by governments, globally, particularly in U.S. China, Japan, Europe, and South Korea are predicted to be key factors in driving the demand for heat pumps for residential applications.

Subsidies for the purchase of heat pumps provided by the government, tax credit systems, and increased use of renewable energy consumption are set to increase the demand for heat pumps. In countries such as U.S., Australia, Japan, and European countries, governments provide subsidies for the purchase of heat pumps to decrease carbon footprint and increase the use of renewable energy sources for cooling and heating purposes. Some regions such as China, Japan, and Europe have their own renewable energy policies for heating purposes, which promote the use of heat pumps over conventional heating elements.

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How Eco-friendly and Advanced Devices, Drive Heat Pumps Market?

Rising demand for eco-friendly and technologically-advanced devices for heating and cooling applications is likely to lift the demand for heat pumps. For the reduction in carbon intensity heat pumps are very valuable.

They can help to reduce electricity consumption for cooling and heating applications by half as compared to another electric resistance heating appliances. Modern technology heat pumps such as ground-source heat pumps (GSHP) use only three-fourth of environmental energy and one-fourth of electrical as compared to conventional heat pumps.

New administrative policies empowering the adoption of low-energy heating solutions, as well as the implementation of renewable heat incentive schemes such as the Domestic RHI, will help the industry's advancement. The United States signed the Inflation Reduction Act into law in 2022, allocating approximately USD 372 billion for environmentally friendly technology and programs. It included tax credits and rebates to encourage Americans to upgrade from old air conditioners or furnaces to heat pumps.

Which Factors are restraining the Growth of the Heat Pump Market?

The accessibility of sustainable alternatives to current heat pump systems will be a major constraint on the emergence of the heat pump industry. Gas boilers, district heating and cooling systems, and other HVAC technologies are a few of the alternatives to such products.

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Rising Efforts to Stamp Out Reliance on Russia for Gas to Propel Europe Heat Pumps Market

The Europe heat pumps market is predicted to witness rapid growth over the forecast period. The market is currently being propelled by the ongoing Russian war, which has accelerated a pivot away from gas boilers. The continent’s major gas consumption setting is going to alter and further transform Europe’s residential heating sector, driven by surging gas prices and accelerating efforts to eliminate gas dependency on Russia. Rising initiatives to install sustainable heating systems in every house and apartment in the region are further expected to boost the sales of heat pumps. Member states in the region are being urged to conclude subsidies for fossil fuel boilers by the year 2025 at the latest and instead pivot the support towards programs supporting the installation of heat pumps in Europe.

Additionally, policies mandating new buildings to meet the requirements based on national energy efficiency to reach zero-emissions standards prior to 2030 are also expected to support the demand for heat pump systems in the region. Europe is further encouraging the renovation of existing buildings to install efficient district heating systems in populous areas, thus stimulating sales of heat pumps in Europe. In addition to this, REPowerEU and Fit-for-55 energy policy packages are instructing the member states to put stringent restrictions on the usage of heating systems, implying stand-alone fossil fuel boilers to be out of operation before 2029. Such measures are expected to incentivize as well as contribute towards the robust installation rate of heat pumps in Europe, thus boosting regional market growth.

Why is the Demand for Heat Pumps Market increasing in Asia Pacific?

Due to numerous factors, including a growing preference for energy-efficient heating solutions in the residential and commercial industries, as well as raising awareness about climate change and greenhouse gas emissions, the Asia Pacific region dominated the industry and compensated for 47% of revenue in 2021.

Between 2022 and 2032, Japan is estimated to grow at a CAGR of 4.6%. The heat pump technology is able to convert heat to renewable heat by low power consumption using air temperature and renewable heat output. Because this technology has so many advantages, Japan strives to promote the technology. Japan is considered a developed country for heat pumps. More than 35,000 units of water heating systems have been put on the market in 10 years. The country is expected to reach a value of about US$ 3,475.4 Mn by 2032.

Since Japan as a country has inadequate natural resources, the country is keen on developing products, such as heat pumps, having high energy efficiency. Heat pump technology uses aerothermal energy along with limited electricity consumption. The market for heat pumps has high penetration in Japan. Further, the new technological research in Japan is helping the market to develop over the forecast period. Heat pumps are essential for the future as they are environment-friendly; they do not emit greenhouse gases during operation. The product has a low environmental impact and uses an eco-friendly refrigerant that uses ambient air heat as an effective heat source for various uses. For instance, one can do heating and cooling with a heat pump and also have a hot water supply.

A significant percentage of Japanese households have installed heat pump air conditioners. The usage of this technology contributed to an almost 40% drop in seasonal consumption of electricity for heating and cooling in the last decade. Going forward, the country is expected to enjoy significant reductions in global warming and energy savings, granted that the installation of heat pumps continues to surge and technology continues to advance over the forecast period. The several heat pump advantages include a long life-span, better safety, less maintenance, and lower running costs, among other advantages.

In July 2022, a Japanese company - Daikin, a manufacturer of heat pumps and air-conditioning systems, announced to development heat pump factory with an investment of over one billion zloty in Poland. The company is leveraging upon the high demand for heat pumps in Europe as gas prices are surging and consumers are waiting for prolonged periods for the installation of heat pumps.

Rising Demand for Energy-Efficient Heat Pumps to Boost the Heat Pumps Sales in South Korea

The South Korean heat pumps market has been gaining momentum in recent years. The demand for ground source heat pumps (GSHP) is increasing in the region owing to their rising popularity for heating and cooling space. Geothermal heat pumps and public baths that use low-temperature ground or groundwater are the most dominant direct uses of geothermal energy in a country that has few sources of high-temperature geothermal energy. Further, the number of geothermal energy companies that are installing GSHP systems is constantly rising, thus enhancing the heat pumps market size in South Korea.

In the region, the usage of heat pumps for homes is surging. This can be attributed to the growing awareness about the direct economic benefits as well as substantial energy efficiency with the usage of heat pumps. Buildings account for about 40% of global energy consumption. Thus the use of energy-efficient heat pumps can help buildings cut down the energy consumption. For instance, in June 2022, Denmark’s environment-friendly energy system distributor, Danfoss, announced the installation of its energy-efficient HVAC in The Lotte World Tower, which is the world’s fifth-tallest building, situated in Seoul, South Korea. The HVAC solutions will help reduce the energy consumption of this skyscraper by about 5,000 megawatts per year.

The South Korean heat pumps market is expected to witness rapid growth over the forecast period. The growing demand for air-to-water heat pumps, as they can help save high heating costs, as much as 70%, when compared to a conventional air heater. The growing awareness regarding the positive impact of the usage of AWHP using underground air, including energy and cost efficiency, is predicted to bolster the market growth of heat pumps in South Korea.

Country-wise Insights

Which is the most prominent market for Heat Pumps?

The Heat Pumps market in China is expected to rise at nearly 6.7% CAGR over the forecast period. China, one of the largest markets in Asia-Pacific to generate high demand for heat pumps in all three sectors including commercial, residential and industrial.

Heat pumps can effectively use clean energy for heating, so they have been widely used in China. The country is expected to reach a value of about US$ 21,011.7 Mn by 2032.

What is the potential in the North America for Heat Pumps Market?

The North American heat pump market is predicted to expand by 4.1% between 2022 and 2032. The region is projected to stakeholders as critical business development investment and to spring up as a hotspot for heat pump industries. Rapid urbanization and industrialization have exacerbated the need for environmentally friendly heating and cooling solutions. To address the consequences of severe weather in countries such as the United States and Canada, new initiatives are being introduced to encourage the creation of HVAC technologies.

The US Department of Energy (DOE) announced an agreement with six leading companies, including Daikin, Mistubishi Electric, Johnson Controls, Lennox International, Carrier, and Trane Technologies, to launch the Cold Climate Heat Pump Technology Challenge in November 2021.

In 2022, the U.S. Heat Pumps market is expected to register 2.1% year-on-year growth by volume, in North America. The supply of heat pumps has grown gradually in the North American region, particularly in the United States, for a variety of reasons, such as weather conditions, ease of supply of resources, benefits of government tax credit, and regulations. Study projects that the U.S. market will surpass the revenues worth US$ 6,816.0 Mn by the end of 2022.

Why the Demand for Heat Pumps Market is increasing in Asia Pacific?

Due to numerous factors, including a growing preference for energy-efficient heating solutions in the residential and commercial industries, as well as raising awareness about climate change and greenhouse gas emissions, the Asia Pacific region dominated the industry and compensated for 47% of revenue in 2021.

Between 2022 and 2032, Japan is estimated to grow at a CAGR of 4.6%. The heat pump technology is able to convert heat to renewable heat by Low power consumption using air temperature and renewable heat output. Because this technology has so many advantages, Japan strives to promote the technology. Japan is considered a developed country for heat pumps. More than 35,000 units of water heating system have been put on the market in 10 years. The country is expected to reach a value of about US$ 3,475.4 Mn by 2032.

Category-wise Insights

Why demand for CO2 Refrigerant Heat Pumps is rising?

CO2 Refrigerant Heat pumps is projected to create an absolute dollar opportunity of US$ 2,731 Mn during the period of 2022 to 2032. The demand for these CO2 refrigeration heat pumps is growing because of their ease of use, low cost, and environmentally friendly properties.

Currently, CO2 refrigerator heat pumps are available in China, Japan, and other Asian markets. CO2 refrigerators are commonly used on air source heat pumps, which have lower overall installation costs than ground heat pumps, which are used for domestic water heating.

What is the market outlook for Air-air Heat Pumps?

Air-air Heat Pumps is projected to create an absolute dollar opportunity of more than US$ 7,889 Mn during the period of 2022 to 2030. Launched nearly three decades back, air-air heat pumps are the most adopted heat pumps, particularly in Western Europe.

While air-water heat pumps are in their nascent stage of growth, they are following air-air heat pumps closely in terms of revenue share. In APEJ, air-air heat pumps will generate maximum revenue. Further, air-air heat pumps heat pump categories hold about 1/2 revenue share collectively.

The Start-Up Ecosystem: How key Players are opening Frontiers for Future Growth?

Manufacturers are adopting various marketing strategies such as new product launches, geographical expansion, mergers and acquisitions, partnerships, and collaboration to identify the interest of potential buyers and create a larger customer base. For instance,

  • FutraHeat is a UK startup that was founded in 2021. FutraHeat has generated a heat pump that can require low speeds without the use of oil, obtain waste heat as low as 70 degrees Celsius, and deliver high-grade heat up to 150 degrees Celsius.
  • Stash Energy was established in 2016. It recently developed the first ductless heat pump with integrated thermal energy storage. The Stash Energy Heat Pump is the most cost-effective heat pump on the market.

Competitive Landscape

Several key manufacturers of Heat Pumps supplies are also focusing on developing new technology driven in higher quantities to capitalize on existing opportunities in the market. Through mergers & acquisitions, research & development activities, these players have been able to expand their market footprint. Emergence of various manufacturers has also been witnessed in this space.

For Instance,

  • In 2022, Viessmann Group has taken a majority stake in Pacifica Home Services Ltd. (PHS), simultaneously backing the re-investment of the Management team. PHS is a specialist in both installation and maintenance of integrated HVAC solutions with a further specialization on heat pumps.
  • In 2020, Glen Dimplex Group launched a new M Flex air-to-water heat pump which is available in two versions, either with six to nine or with nine to 16 kW heat output. Both the outdoor and the indoor unit have a compact and space saving design. The design features reassuringly high-quality materials, clearly accentuated surfaces and excellent workmanship.
  • Daikin Europe N.V. announced an investment of USD 302 million in July 2022 for the establishment of a new manufacturing base in Poland, denoting the company's first foray into the country. The new unit, which is anticipated to open in 2024, will increase the company's manufacturing of residential heat pump systems.
  • Johnson Controls acquired FogHorn, a leading developer of Edge AI software for manufacturing and commercial Internet of Things (IoT) solutions, in January 2022. This advancement will assist Johnson Controls in growing its building solutions business.

Scope of Report

Attribute

Details

Forecast Period

2022-2032

Historical Data Available for

2016-2021

Market Analysis

USD Million for Value and Units for Volume

Key Regions Covered

North America, Latin America, Western Europe, Eastern Europe, APEJ, MEA, Japan

Key Countries Covered

US, Canada, Brazil, Mexico, Germany, Italy, France, U.K., Spain, , Russia, Poland, Turkey, South Africa, Japan, China, India , Australia, New Zealand.

Key Segments Covered

By Product Type , By Power Source, By End User, By Refrigerants, By System Type, By Region

Key Companies Profiled

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Heat Pumps Market by Category

By Product Type:

  • Air-water heat pump
  • Air-air heat pump
  • Ground Source heat pump
  • Hybrid heat pump

By End Users:

  • Residential
  • Commercial
  • Industrial

By Power Source:

  • Electric
  • Others(Gas Driven)

By Refrigerants:

  • HFC
  • CO2
  • Ammonia
  • Hydrocarbon
  • Others

By System Type:

  • Air-source heat pumps
  • Ductless mini-split heat pumps
  • Geothermal heat pumps
  • Absorption heat pumps

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • MEA
  • Japan

Frequently Asked Questions

The global heat pumps market is expected to total US$ 33,156 Mn in 2022.

The demand for heat pumps is likely to increase at a 4.3% CAGR during forecast period from 2022 to 2032

Viessmann Group, Robert Bosch GmbH, Daikin Industries, Panasonic Corporation Glen Dimplex, Vivreco Heat Pumps are the leading market players. They collectively account for 50% to 55% of the global market share.

The demand in China is expected to increase by 6.7% CAGR between 2022 and 2032 on value basis.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Analysis and Recommendations

2. Key Market Trends

    2.1. Key Trends Impacting the Market

    2.2. Product Innovation/ Development Trends

3. Market Introduction

    3.1. Market Coverage/Taxonomy

    3.2. Market Definition/Scope/Limitations

4. Key Success Factors

    4.1. Installed Base Analysis

    4.2. Overview of Components Used

5. Market Demand Analysis 2016-2021 and Forecast, 2022-2032

    5.1. Historical Market Volume (‘000 Units) Analysis, 2016-2021

    5.2. Current and Future Market Volume (‘000 Units) Projections, 2022-2032

    5.3. Y-o-Y Growth Trend Analysis

6. Market Price Analysis

    6.1. Regional Pricing Analysis By Product Type

    6.2. Pricing Break-up

    6.3. Global Average Pricing Analysis Benchmark

7. Market Demand (in Value or Size in US$ Mn) Analysis 2016-2021 and Forecast, 2022-2032

    7.1. Historical Market Value (US$ Mn) Analysis, 2016-2021

    7.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Market Background

    8.1. Macro-Economic Factors

        8.1.1. Climate Condition

        8.1.2. Global Overall AC Demand

        8.1.3. Global Construction Spending Overview

        8.1.4. Other Macro Economic Factor

    8.2. Forecast Factors - Relevance & Impact

    8.3. Value Chain Analysis

    8.4. Market Dynamics

        8.4.1. Drivers

        8.4.2. Restraints

        8.4.3. Trends

        8.4.4. Opportunities

9. Market Analysis 2016-2021 and Forecast 2022-2032, by Type

    9.1. Introduction

    9.2. Historical Market Size (US$ Mn) and Volume Analysis By Type, 2016-2021

    9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Type, 2022-2032

        9.3.1. Air-water heat pump

        9.3.2. Air-air heat pump

        9.3.3. Ground Source heat pump

        9.3.4. Hybrid heat pump

    9.4. Market Attractiveness Analysis By Type

10. Market Analysis 2016-2021 and Forecast 2022-2032, by Power Source

    10.1. Introduction

    10.2. Historical Market Size (US$ Mn) and Volume Analysis By Power Source, 2016-2021

    10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Power Source, 2022-2032

        10.3.1. Electric

        10.3.2. Others(Gas Driven)

    10.4. Market Attractiveness Analysis By Power Source

11. Market Analysis 2016-2021 and Forecast 2022-2032, by End User

    11.1. Introduction / Key Findings

    11.2. Historical Market Size (US$ Mn) and Volume Analysis By End User, 2016-2021

    11.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By End User, 2022-2032

        11.3.1. Residential

        11.3.2. Commercial

        11.3.3. Industrial

    11.4. Market Attractiveness Analysis By End User

12. Market Analysis 2016-2021 and Forecast 2022-2032, By Refrigerants

    12.1. Introduction / Key Findings

    12.2. Historical Market Size (US$ Mn) and Volume Analysis By Refrigerants, 2016-2021

    12.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Refrigerants, 2022-2032

        12.3.1. HFC

        12.3.2. CO2

        12.3.3. Ammonia

        12.3.4. Hydrocarbon

        12.3.5. Others

    12.4. Market Attractiveness Analysis By Refrigerants

13. Market Analysis 2016-2021 and Forecast 2022-2032, By System Type

    13.1. Introduction / Key Findings

    13.2. Historical Market Size (US$ Mn) and Volume Analysis By End User, 2016-2021

    13.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By System Type, 2022-2032

        13.3.1. Air-source heat pumps

        13.3.2. Ductless mini-split heat pumps

        13.3.3. Geothermal heat pumps

        13.3.4. Absorption heat pumps

    13.4. Market Attractiveness Analysis By System Type

14. Market Analysis 2016-2021 and Forecast 2022-2032, by Region

    14.1. Introduction

    14.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2016-2021

    14.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2022-2032

        14.3.1. North America

        14.3.2. Latin America

        14.3.3. Western Europe

        14.3.4. Eastern Europe

        14.3.5. Japan

        14.3.6. APEJ

        14.3.7. Middle East and Africa (MEA)

    14.4. Market Attractiveness Analysis By Region

15. North America Market Analysis 2016-2021 and Forecast 2022-2032

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016-2021

    15.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022-2032

        15.4.1. By Country

            15.4.1.1. U.S.

            15.4.1.2. Canada

        15.4.2. By Type

        15.4.3. By Power Source

        15.4.4. By End User

        15.4.5. By Refrigerants

        15.4.6. By System Type

    15.5. Market Attractiveness Analysis

        15.5.1. By Country

        15.5.2. By Type

        15.5.3. By Power Source

        15.5.4. By End User

        15.5.5. By Refrigerants

        15.5.6. By System Type

16. Latin America Market Analysis 2016-2021 and Forecast 2022-2032

    16.1. Introduction

    16.2. Pricing Analysis

    16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016-2021

    16.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022-2032

        16.4.1. By Country

            16.4.1.1. Brazil

            16.4.1.2. Mexico

            16.4.1.3. Rest of Latin America

        16.4.2. By Type

        16.4.3. By Power Source

        16.4.4. By End User

        16.4.5. By Refrigerants

        16.4.6. By System Type

    16.5. Market Attractiveness Analysis

        16.5.1. By Country

        16.5.2. By Type

        16.5.3. By Power Source

        16.5.4. By End User

        16.5.5. By Refrigerants

        16.5.6. By System Type

17. Western Europe Market Analysis 2016-2021 and Forecast 2022-2032

    17.1. Introduction

    17.2. Pricing Analysis

    17.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016-2021

    17.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022-2032

        17.4.1. By Country

            17.4.1.1. Germany

            17.4.1.2. Italy

            17.4.1.3. France

            17.4.1.4. UK

            17.4.1.5. Spain

            17.4.1.6. Rest of Western Europe

        17.4.2. By Type

        17.4.3. By Power Source

        17.4.4. By End User

        17.4.5. By Refrigerants

        17.4.6. By System Type

    17.5. Market Attractiveness Analysis

        17.5.1. By Country

        17.5.2. By Type

        17.5.3. By Power Source

        17.5.4. By End User

        17.5.5. By Refrigerants

        17.5.6. By System Type

18. Eastern Europe Market Analysis 2016-2021 and Forecast 2022-2032

    18.1. Introduction

    18.2. Pricing Analysis

    18.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016-2021

    18.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022-2032

        18.4.1. By Country

            18.4.1.1. Poland

            18.4.1.2. Russia

            18.4.1.3. Rest of Eastern Europe

        18.4.2. By Type

        18.4.3. By Power Source

        18.4.4. By End User

        18.4.5. By Refrigerants

        18.4.6. By System Type

    18.5. Market Attractiveness Analysis

        18.5.1. By Country

        18.5.2. By Type

        18.5.3. By Power Source

        18.5.4. By End User

        18.5.5. By Refrigerants

        18.5.6. By System Type

19. Japan Market Analysis 2016-2021 and Forecast 2022-2032

    19.1. Introduction

    19.2. Pricing Analysis

    19.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016-2021

    19.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022-2032

        19.4.1. By Type

        19.4.2. By Power Source

        19.4.3. By End User

        19.4.4. By Refrigerants

        19.4.5. By System Type

    19.5. Market Attractiveness Analysis

        19.5.1. By Type

        19.5.2. By Power Source

        19.5.3. By End User

        19.5.4. By Refrigerants

        19.5.5. By System Type

20. APEJ Market Analysis 2016-2021 and Forecast 2022-2032

    20.1. Introduction

    20.2. Pricing Analysis

    20.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016-2021

    20.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022-2032

        20.4.1. By Country

            20.4.1.1. China

            20.4.1.2. India

            20.4.1.3. Australia and New Zealand

            20.4.1.4. Rest of APEJ

        20.4.2. By Type

        20.4.3. By Power Source

        20.4.4. By End User

        20.4.5. By Refrigerants

        20.4.6. By System Type

    20.5. Market Attractiveness Analysis

        20.5.1. By Country

        20.5.2. By Type

        20.5.3. By Power Source

        20.5.4. By End User

        20.5.5. By Refrigerants

        20.5.6. By System Type

21. Middle East and Africa Market Analysis 2016-2021 and Forecast 2022-2032

    21.1. Introduction

    21.2. Pricing Analysis

    21.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016-2021

    21.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022-2032

        21.4.1. By Country

            21.4.1.1. South Africa

            21.4.1.2. Turkey

            21.4.1.3. Rest of Middle East & Africa

        21.4.2. By Type

        21.4.3. By Power Source

        21.4.4. By End User

        21.4.5. By Refrigerants

        21.4.6. By System Type

    21.5. Market Attractiveness Analysis

        21.5.1. By Country

        21.5.2. By Type

        21.5.3. By Power Source

        21.5.4. By End User

        21.5.5. By Refrigerants

        21.5.6. By System Type

22. Market Structure Analysis

    22.1. Market Analysis by Tier of Companies (Heat Pump)

    22.2. Market Share Analysis of Top Players

23. Competition Analysis

    23.1. Competition Dashboard

    23.2. Competition Deep Dive

        23.2.1. Viessmann Group

            23.2.1.1. Overview

            23.2.1.2. Product Portfolio

            23.2.1.3. Profitability by Market Segments (Product/Channel/Region)

            23.2.1.4. Sales Footprint

            23.2.1.5. Strategy Overview

                23.2.1.5.1. Marketing Strategy

                23.2.1.5.2. Product Strategy

                23.2.1.5.3. Channel Strategy

        23.2.2. Danfoss Group Global

            23.2.2.1. Overview

            23.2.2.2. Product Portfolio

            23.2.2.3. Profitability by Market Segments (Product/Channel/Region)

            23.2.2.4. Sales Footprint

            23.2.2.5. Strategy Overview

                23.2.2.5.1. Marketing Strategy

                23.2.2.5.2. Product Strategy

                23.2.2.5.3. Channel Strategy

        23.2.3. United Technologies Corporation

            23.2.3.1. Overview

            23.2.3.2. Product Portfolio

            23.2.3.3. Profitability by Market Segments (Product/Channel/Region)

            23.2.3.4. Sales Footprint

            23.2.3.5. Strategy Overview

                23.2.3.5.1. Marketing Strategy

                23.2.3.5.2. Product Strategy

                23.2.3.5.3. Channel Strategy

        23.2.4. Glen Dimplex Group

            23.2.4.1. Overview

            23.2.4.2. Product Portfolio

            23.2.4.3. Profitability by Market Segments (Product/Channel/Region)

            23.2.4.4. Sales Footprint

            23.2.4.5. Strategy Overview

                23.2.4.5.1. Marketing Strategy

                23.2.4.5.2. Product Strategy

                23.2.4.5.3. Channel Strategy

        23.2.5. Stiebel Eltron Group

            23.2.5.1. Overview

            23.2.5.2. Product Portfolio

            23.2.5.3. Profitability by Market Segments (Product/Channel/Region)

            23.2.5.4. Sales Footprint

            23.2.5.5. Strategy Overview

                23.2.5.5.1. Marketing Strategy

                23.2.5.5.2. Product Strategy

                23.2.5.5.3. Channel Strategy

        23.2.6. The Bosch Group

            23.2.6.1. Overview

            23.2.6.2. Product Portfolio

            23.2.6.3. Profitability by Market Segments (Product/Channel/Region)

            23.2.6.4. Sales Footprint

            23.2.6.5. Strategy Overview

                23.2.6.5.1. Marketing Strategy

                23.2.6.5.2. Product Strategy

                23.2.6.5.3. Channel Strategy

        23.2.7. Panasonic Corporation

            23.2.7.1. Overview

            23.2.7.2. Product Portfolio

            23.2.7.3. Profitability by Market Segments (Product/Channel/Region)

            23.2.7.4. Sales Footprint

            23.2.7.5. Strategy Overview

                23.2.7.5.1. Marketing Strategy

                23.2.7.5.2. Product Strategy

                23.2.7.5.3. Channel Strategy

        23.2.8. Mitsubishi Electric Corporation

            23.2.8.1. Overview

            23.2.8.2. Product Portfolio

            23.2.8.3. Profitability by Market Segments (Product/Channel/Region)

            23.2.8.4. Sales Footprint

            23.2.8.5. Strategy Overview

                23.2.8.5.1. Marketing Strategy

                23.2.8.5.2. Product Strategy

                23.2.8.5.3. Channel Strategy

        23.2.9. NIBE Group

            23.2.9.1. Overview

            23.2.9.2. Product Portfolio

            23.2.9.3. Profitability by Market Segments (Product/Channel/Region)

            23.2.9.4. Sales Footprint

            23.2.9.5. Strategy Overview

                23.2.9.5.1. Marketing Strategy

                23.2.9.5.2. Product Strategy

                23.2.9.5.3. Channel Strategy

        23.2.10. Daikin Industries Limited

            23.2.10.1. Overview

            23.2.10.2. Product Portfolio

            23.2.10.3. Profitability by Market Segments (Product/Channel/Region)

            23.2.10.4. Sales Footprint

            23.2.10.5. Strategy Overview

                23.2.10.5.1. Marketing Strategy

                23.2.10.5.2. Product Strategy

                23.2.10.5.3. Channel Strategy

24. Assumptions and Acronyms Used

25. Research Methodology

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List of Tables

Table 01: Market Size (US$ Mn) and Volume '000 Units Forecast by Type, 2016-2032

Table 02: Market Size (US$ Mn) and Volume '000 Units Forecast by Power Source, 2016-2032

Table 03: Market Size (US$ Mn) and Volume '000 Units Forecast by End User, 2016-2032

Table 04: Market Size (US$ Mn) and Volume '000 Units Forecast by Refrigerants, 2016-2032

Table 05: Market Size (US$ Mn) and Volume '000 Units Forecast by System Type, 2016-2032

Table 06: Market Size (US$ Mn) and Volume '000 Units Forecast by Region, 2016-2032

Table 07: North America Market Size (US$ Mn) and Volume '000 Units Forecast by Country, 2015– 2030

Table 08: North America Market Size (US$ Mn) and Volume '000 Units Forecast by Type, 2016-2032

Table 09: North America Market Size (US$ Mn) and Volume '000 Units Forecast by Power Source, 2016-2032

Table 10: North America Market Size (US$ Mn) and Volume '000 Units Forecast by End User, 2016-2032

Table 11: North America Market Size (US$ Mn) and Volume '000 Units Forecast by Refrigerants, 2016-2032

Table 12: North America Market Size (US$ Mn) and Volume '000 Units Forecast by System Type, 2016-2032

Table 13: Latin America Market Size (US$ Mn) and Volume '000 Units Forecast by Country, 2016-2032

Table 14: Latin America Market Size (US$ Mn) and Volume '000 Units Forecast by Type, 2016-2032

Table 15: Latin America Market Size (US$ Mn) and Volume '000 Units Forecast by Power Source, 2016-2032

Table 16: Latin America Market Size (US$ Mn) and Volume '000 Units Forecast by End User, 2016-2032

Table 17: Latin America Market Size (US$ Mn) and Volume '000 Units Forecast by Refrigerants, 2016-2032

Table 18: Latin America Market Size (US$ Mn) and Volume '000 Units Forecast by System Type, 2016-2032

Table 19: Western Europe Market Size (US$ Mn) and Volume '000 Units Forecast by Country, 2016-2032

Table 20: Western Europe Market Size (US$ Mn) and Volume '000 Units Forecast by Type, 2016-2032

Table 21: Western Europe Market Size (US$ Mn) and Volume '000 Units Forecast by Power Source, 2016-2032

Table 22: Western Europe Market Size (US$ Mn) and Volume '000 Units Forecast by End User, 2016-2032

Table 23: Western Europe Market Size (US$ Mn) and Volume '000 Units Forecast by Refrigerants, 2016-2032

Table 24: Western Europe Market Size (US$ Mn) and Volume '000 Units Forecast by System Type, 2016-2032

Table 25: Eastern Europe Market Size (US$ Mn) and Volume '000 Units Forecast by Country, 2016-2032

Table 26: Eastern Europe Market Size (US$ Mn) and Volume '000 Units Forecast by Type, 2016-2032

Table 27: Eastern Europe Market Size (US$ Mn) and Volume '000 Units Forecast by Power Source, 2016-2032

Table 28: Eastern Europe Market Size (US$ Mn) and Volume '000 Units Forecast by End User, 2016-2032

Table 29: Eastern Europe Market Size (US$ Mn) and Volume '000 Units Forecast by Refrigerants, 2016-2032

Table 30: Eastern Europe Market Size (US$ Mn) and Volume '000 Units Forecast by System Type, 2016-2032

Table 31: Japan Market Size (US$ Mn) and Volume '000 Units Forecast by Type, 2016-2032

Table 32: Japan Market Size (US$ Mn) and Volume '000 Units Forecast by Power Source, 2016-2032

Table 33: Japan Market Size (US$ Mn) and Volume '000 Units Forecast by End User, 2016-2032

Table 34: Japan Market Size (US$ Mn) and Volume '000 Units Forecast by Refrigerants, 2016-2032

Table 35: Japan Market Size (US$ Mn) and Volume '000 Units Forecast by System Type, 2016-2032

Table 36: APEJ Market Size (US$ Mn) and Volume '000 Units Forecast by Country, 2016-2032

Table 37: APEJ Market Size (US$ Mn) and Volume '000 Units Forecast by Type, 2016-2032

Table 38: APEJ Market Size (US$ Mn) and Volume '000 Units Forecast by Power Source, 2016-2032

Table 39: APEJ Market Size (US$ Mn) and Volume '000 Units Forecast by End User, 2016-2032

Table 40: APEJ Market Size (US$ Mn) and Volume '000 Units Forecast by Refrigerants, 2016-2032

Table 41: APEJ Market Size (US$ Mn) and Volume '000 Units Forecast by System Type, 2016-2032

Table 42: Middle East & Africa Market Size (US$ Mn) and Volume '000 Units Forecast by Country, 2016-2032

Table 43: Middle East & Africa Market Size (US$ Mn) and Volume '000 Units Forecast by Type, 2016-2032

Table 44: Middle East & Africa Market Size (US$ Mn) and Volume '000 Units Forecast by Power Source, 2016-2032

Table 45: Middle East & Africa Market Size (US$ Mn) and Volume '000 Units Forecast by End User, 2016-2032

Table 46: Middle East & Africa Market Size (US$ Mn) and Volume '000 Units Forecast by Refrigerants, 2016-2032

Table 47: Middle East & Africa Market Size (US$ Mn) and Volume '000 Units Forecast by System Type, 2016-2032

Nikhil Kaitwade
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List of Charts

Figure 01: Market Historical Volume '000 Units, 2016-2021

Figure 02: Market Volume '000 Units Forecast, 2022-2032

Figure 03: Market Value (US$ Mn) Historical Data and Forecast 2016-2032

Figure 04: Market Absolute $ Opportunity Analysis, 2016-2032

Figure 05: Market Share and BPS Analysis by Type, 2022 & 2032

Figure 06: Market Y-o-Y Growth by Type, 2022-2032

Figure 07: Market Attractiveness Analysis by Type, 2022-2032

Figure 08: Market Absolute $ Opportunity by Air-water Segment, 2022-2032

Figure 09: Market Absolute $ Opportunity by Air-air Segment, 2022-2032

Figure 10: Market Absolute $ Opportunity by Ground Source Segment, 2022-2032

Figure 11: Market Absolute $ Opportunity by Hybrid Segment, 2022-2032

Figure 12: Market Share and BPS Analysis by Power Source, 2022 & 2032

Figure 13: Market Y-o-Y Growth by Power Source, 2022-2032

Figure 14: Market Attractiveness Analysis by Power Source, 2022-2032

Figure 15: Market Absolute $ Opportunity by Electric Segment, 2022-2032

Figure 16: Market Absolute $ Opportunity by Others(Gas Driven) Segment, 2022-2032

Figure 17: Market Share and BPS Analysis by End User, 2022 & 2032

Figure 18: Market Y-o-Y Growth by End User , 2022-2032

Figure 19: Market Attractiveness Analysis by End User, 2022-2032

Figure 20: Market Absolute $ Opportunity by Residential Segment, 2022-2032

Figure 21: Market Absolute $ Opportunity by Commercial Segment, 2022-2032

Figure 22: Market Absolute $ Opportunity by Industrial Segment, 2022-2032

Figure 23: Market Share and BPS Analysis by Refrigerants , 2022 & 2032

Figure 24: Market Y-o-Y Growth by Refrigerants , 2022-2032

Figure 25: Market Attractiveness Analysis by Refrigerants, 2022-2032

Figure 26: Market Absolute $ Opportunity by HFC Segment, 2022-2032

Figure 27: Market Absolute $ Opportunity by CO2 Segment, 2022-2032

Figure 28: Market Absolute $ Opportunity by Ammonia Segment, 2022-2032

Figure 29: Market Absolute $ Opportunity by Hydrocarbon Segment, 2022-2032

Figure 30: Market Absolute $ Opportunity by Others Segment, 2022-2032

Figure 31: Market Share and BPS Analysis by System Type , 2022 & 2032

Figure 32: Market Y-o-Y Growth by System Type , 2022-2032

Figure 33: Market Attractiveness Analysis by System Type , 2022-2032

Figure 34: Market Absolute $ Opportunity by Air-source heat pumps Segment, 2022-2032

Figure 35: Market Absolute $ Opportunity by Ductless mini-split heat pumps Segment, 2022-2032

Figure 36: Market Absolute $ Opportunity by Geothermal heat pumps Segment, 2022-2032

Figure 37: Market Absolute $ Opportunity by Absorption heat pumps Segment, 2022-2032

Figure 38: Market Share and BPS Analysis by Region, 2022 & 2032

Figure 39: Market Y-o-Y Growth by Region, 2022-2032

Figure 40: Market Attractiveness Analysis by Region, 2022-2032

Figure 41: Market Absolute $ Opportunity in North America Region, 2022-2032

Figure 42: Market Absolute $ Opportunity in Latin America Region , 2022-2032

Figure 43: Market Absolute $ Opportunity in Western Europe Region, 2022-2032

Figure 44: Market Absolute $ Opportunity in Eastern Europe Region , 2022-2032

Figure 45: Market Absolute $ Opportunity in Japan Region, 2022-2032

Figure 46: Market Absolute $ Opportunity in APEJ Region , 2022-2032

Figure 47: Market Absolute $ Opportunity in Middle East & Africa Region, 2022-2032

Figure 48: North America Market Share and BPS Analysis by Country

Figure 49: North America Market Y-o-Y Growth by Country, 2022-2032

Figure 50: North America Market Attractiveness Analysis by Country, 2022-2032

Figure 51: U.S. Market Absolute $ Opportunity, 2016-2032

Figure 52: Canada Market Absolute $ Opportunity, 2016-2032

Figure 53: North America Market Share and BPS Analysis by Type, 2022 & 2032

Figure 54: North America Market Y-o-Y Growth by Type, 2022-2032

Figure 55: North America Market Attractiveness Analysis by Type, 2022-2032

Figure 56: North America Market Share and BPS Analysis by Power Source, 2022 & 2032

Figure 57: North America Market Y-o-Y Growth by Power Source, 2022-2032

Figure 58: North America Market Attractiveness Analysis by Power Source, 2022-2032

Figure 59: North America Market Share and BPS Analysis by End User, 2022 & 2032

Figure 60: North America Market Y-o-Y Growth by End User , 2022-2032

Figure 61: North America Market Attractiveness Analysis by End User, 2022-2032

Figure 62: North America Market Share and BPS Analysis by Refrigerants , 2022 & 2032

Figure 63: North America Market Y-o-Y Growth by Refrigerants , 2022-2032

Figure 64: North America Market Attractiveness Analysis by Refrigerants, 2022-2032

Figure 65: North America Market Share and BPS Analysis by System Type , 2022 & 2032

Figure 66: North America Market Y-o-Y Growth by System Type , 2022-2032

Figure 67: North America Market Attractiveness Analysis by System Type , 2022-2032

Figure 68: Latin America Market Share and BPS Analysis by Country

Figure 69: Latin America Market Y-o-Y Growth by Country, 2022-2032

Figure 70: Latin America Market Attractiveness Analysis by Country, 2022-2032

Figure 71: Brazil Market Absolute $ Opportunity, 2016-2032

Figure 72: Mexico Market Absolute $ Opportunity, 2016-2032

Figure 73: Rest of Latin America Market Absolute $ Opportunity, 2016-2032

Figure 74: Latin America Market Share and BPS Analysis by Type, 2022 & 2032

Figure 75: Latin America Market Y-o-Y Growth by Type, 2022-2032

Figure 76: Latin America Market Attractiveness Analysis by Type, 2022-2032

Figure 77: Latin America Market Share and BPS Analysis by Power Source, 2022 & 2032

Figure 78: Latin America Market Y-o-Y Growth by Power Source, 2022-2032

Figure 79: Latin America Market Attractiveness Analysis by Power Source, 2022-2032

Figure 80: Latin America Market Share and BPS Analysis by End User, 2022 & 2032

Figure 81: Latin America Market Y-o-Y Growth by End User , 2022-2032

Figure 82: Latin America Market Attractiveness Analysis by End User, 2022-2032

Figure 83: Latin America Market Share and BPS Analysis by Refrigerants , 2022 & 2032

Figure 84: Latin America Market Y-o-Y Growth by Refrigerants , 2022-2032

Figure 85: Latin America Market Attractiveness Analysis by Refrigerants, 2022-2032

Figure 86: Latin America Market Share and BPS Analysis by System Type , 2022 & 2032

Figure 87: Latin America Market Y-o-Y Growth by System Type , 2022-2032

Figure 88: Latin America Market Attractiveness Analysis by System Type , 2022-2032

Figure 89: Western Europe Market Share and BPS Analysis by Country

Figure 90: Western Europe Market Y-o-Y Growth by Country, 2022-2032

Figure 91: Western Europe Market Attractiveness Analysis by Country, 2022-2032

Figure 92: Germany Market Absolute $ Opportunity, 2022 and 2030

Figure 93: Italy Market Absolute $ Opportunity, 2022 and 2030

Figure 94: France Market Absolute $ Opportunity, 2022 and 2030

Figure 95: U.K. Market Absolute $ Opportunity, 2022 and 2030

Figure 96: Spain Market Absolute $ Opportunity, 2022 and 2030

Figure 97: Rest of Western Europe Market Absolute $ Opportunity by Nordic, 2022 and 2030

Figure 98: Western Europe Market Share and BPS Analysis by Type, 2022 & 2032

Figure 99: Western Europe Market Y-o-Y Growth by Type, 2022-2032

Figure 100: Western Europe Market Attractiveness Analysis by Type, 2022-2032

Figure 101: Western Europe Market Share and BPS Analysis by Power Source, 2022 & 2032

Figure 102: Western Europe Market Y-o-Y Growth by Power Source, 2022-2032

Figure 103: Western Europe Market Attractiveness Analysis by Power Source, 2022-2032

Figure 104: Western Europe Market Share and BPS Analysis by End User, 2022 & 2032

Figure 105: Western Europe Market Y-o-Y Growth by End User , 2022-2032

Figure 106: Western Europe Market Attractiveness Analysis by End User, 2022-2032

Figure 107: Western Europe Market Share and BPS Analysis by Refrigerants , 2022 & 2032

Figure 108: Western Europe Market Y-o-Y Growth by Refrigerants , 2022-2032

Figure 109: Western Europe Market Attractiveness Analysis by Refrigerants, 2022-2032

Figure 110: Western Europe Market Share and BPS Analysis by System Type, 2022 & 2032

Figure 111: Western Europe Market Y-o-Y Growth by System Type, 2022-2032

Figure 112: Western Europe Market Attractiveness Analysis by System Type, 2022-2032

Figure 113: Eastern Europe Market Share and BPS Analysis by Country

Figure 114: Eastern Europe Market Y-o-Y Growth Projections by Country, 2022-2032

Figure 115: Eastern Europe Market Attractiveness Analysis by Country, 2022-2032

Figure 116: Poland Market Absolute $ Opportunity, 2016-2032

Figure 117: Russia Market Absolute $ Opportunity, 2016-2032

Figure 118: Rest of Eastern Europe Market Absolute $ Opportunity, 2016-2032

Figure 119: Eastern Europe Market Share and BPS Analysis by Type, 2022 & 2032

Figure 120: Eastern Europe Market Y-o-Y Growth by Type, 2022-2032

Figure 121: Eastern Europe Market Attractiveness Analysis by Type, 2022-2032

Figure 122: Eastern Europe Market Share and BPS Analysis by Power Source, 2022 & 2032

Figure 123: Eastern Europe Market Y-o-Y Growth by Power Source, 2022-2032

Figure 124: Eastern Europe Market Attractiveness Analysis by Power Source, 2022-2032

Figure 125: Eastern Europe Market Share and BPS Analysis by End User, 2022 & 2032

Figure 126: Eastern Europe Market Y-o-Y Growth by End User, 2022-2032

Figure 127: Eastern Europe Market Attractiveness Analysis by End User, 2022-2032

Figure 128: Eastern Europe Market Share and BPS Analysis by Refrigerants, 2022 & 2032

Figure 129: Eastern Europe Market Y-o-Y Growth by Refrigerants, 2022-2032

Figure 130: Eastern Europe Market Attractiveness Analysis by Refrigerants, 2022-2032

Figure 131: Eastern Europe Market Share and BPS Analysis by System Type, 2022 & 2032

Figure 132: Eastern Europe Market Y-o-Y Growth by System Type, 2022-2032

Figure 133: Eastern Europe Market Attractiveness Analysis by System Type, 2022-2032

Figure 134: Japan Market Share and BPS Analysis by Type, 2022 & 2032

Figure 135: Japan Market Y-o-Y Growth by Type, 2022-2032

Figure 136: Japan Market Attractiveness Analysis by Type, 2022-2032

Figure 137: Japan Market Share and BPS Analysis by Power Source, 2022 & 2032

Figure 138: Japan Market Y-o-Y Growth by Power Source, 2022-2032

Figure 139: Japan Market Attractiveness Analysis by Power Source, 2022-2032

Figure 140: Japan Market Share and BPS Analysis by End User, 2022 & 2032

Figure 141: Japan Market Y-o-Y Growth by End User, 2022-2032

Figure 142: Japan Market Attractiveness Analysis by End User, 2022-2032

Figure 143: Japan Market Share and BPS Analysis by Refrigerants , 2022 & 2032

Figure 144: Japan Market Y-o-Y Growth by Refrigerants , 2022-2032

Figure 145: Japan Market Attractiveness Analysis by Refrigerants, 2022-2032

Figure 146: Japan Market Share and BPS Analysis by System Type , 2022 & 2032

Figure 147: Japan Market Y-o-Y Growth by System Type, 2022-2032

Figure 148: Japan Market Attractiveness Analysis by System Type, 2022-2032

Figure 149: APEJ Market Share and BPS Analysis by Country

Figure 150: APEJ Market Y-o-Y Growth by Country, 2022-2032

Figure 151: APEJ Market Attractiveness Analysis by Country, 2022-2032

Figure 152: China Market Absolute $ Opportunity, 2016-2032

Figure 153: India Market Absolute $ Opportunity, 2016-2032

Figure 154: Australia & New Zealand Market Absolute $ Opportunity, 2016-2032

Figure 155: Rest of APEJ Market Absolute $ Opportunity, 2016-2032

Figure 156: APEJ Market Share and BPS Analysis by Type, 2022 & 2032

Figure 157: APEJ Market Y-o-Y Growth by Type, 2022-2032

Figure 158: APEJ Market Attractiveness Analysis by Type, 2022-2032

Figure 159: APEJ Market Share and BPS Analysis by Power Source, 2022 & 2032

Figure 160: APEJ Market Y-o-Y Growth by Power Source, 2022-2032

Figure 161: APEJ Market Attractiveness Analysis by Power Source, 2022-2032

Figure 162: APEJ Market Share and BPS Analysis by End User, 2022 & 2032

Figure 163: APEJ Market Y-o-Y Growth by End User, 2022-2032

Figure 164: APEJ Market Attractiveness Analysis by End User, 2022-2032

Figure 165: APEJ Market Share and BPS Analysis by Refrigerants, 2022 & 2032

Figure 166: APEJ Market Y-o-Y Growth by Refrigerants, 2022-2032

Figure 167: APEJ Market Attractiveness Analysis by Refrigerants, 2022-2032

Figure 168: APEJ Market Share and BPS Analysis by System Type, 2022 & 2032

Figure 169: APEJ Market Y-o-Y Growth by System Type, 2022-2032

Figure 170: APEJ Market Attractiveness Analysis by System Type, 2022-2032

Figure 171: Middle East & Africa Market Share and BPS Analysis by Country, 2022 & 2032

Figure 172: Middle East & Africa Market Y-o-Y Growth by Country, 2022-2032

Figure 173: Middle East & Africa Market Attractiveness Analysis by Country, 2022-2032

Figure 174: South Africa Market Absolute $ Opportunity, 2016-2032

Figure 175: Turkey Market Absolute $ Opportunity, 2016-2032

Figure 176: Rest of Middle East & Africa Market Absolute $ Opportunity, 2016-2032

Figure 177: Middle East & Africa Market Share and BPS Analysis by Type, 2022 & 2032

Figure 178: Middle East & Africa Market Y-o-Y Growth by Type, 2022-2032

Figure 179: Middle East & Africa Market Attractiveness Analysis by Type, 2022-2032

Figure 180: Middle East & Africa Market Share and BPS Analysis by Power Source, 2022 & 2032

Figure 181: Middle East & Africa Market Y-o-Y Growth by Power Source, 2022-2032

Figure 182: Middle East & Africa Market Attractiveness Analysis by Power Source, 2022-2032

Figure 183: Middle East & Africa Market Share and BPS Analysis by End User, 2022 & 2032

Figure 184: Middle East & Africa Market Y-o-Y Growth by End User , 2022-2032

Figure 185: Middle East & Africa Market Attractiveness Analysis by End User, 2022-2032

Figure 186: Middle East & Africa Market Share and BPS Analysis by Refrigerants, 2022 & 2032

Figure 187: Middle East & Africa Market Y-o-Y Growth by Refrigerants, 2022-2032

Figure 188: Middle East & Africa Market Attractiveness Analysis by Refrigerants, 2022-2032

Figure 189: Middle East & Africa Market Share and BPS Analysis by System Type, 2022 & 2032

Figure 190: Middle East & Africa Market Y-o-Y Growth by System Type, 2022-2032

Figure 191: Middle East & Africa Market Attractiveness Analysis by System Type, 2022-2032

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