Content of the study

Available languages

MARKET OVERVIEW

1.1 Definition and scope of study

Heat pumps are environmentally friendly and economical solutions for heating or cooling the interior of buildings, especially homes. They are based on thermodynamic systems that transform energy from a cold environment into heat for a given environment or space to be heated. There are several types of heat pumps with different mechanisms, such as traditional aerothermal, geothermal (which transforms energy from the ground), and hydrothermal (which transforms energy drawn from the water table). The heat pump market can be segmented according to rated capacity (up to 10 kW, 10-20 kW, 20-30 kW, and above 30 kW), type, end-user, and geographical region.

The global heat pump market was valued at $54.34 billion in 2018, and it is expected to reach a value of $94.42 billion by 2023, growing at a CAGR of 11.68% in the period 2019-2023.

Considering heat pump systems around the world, the Italian industry ranks among the first in the world. In fact, the Italian heat pump market represents the most important and remunerative sector within the broad category of room air conditioning, and it is well known for its excellence both in Italy and abroad. This is also confirmed by the fact that almost 61% of the Italian production is exported, while a total average number of 1 million systems per year are directly sold in the country.

The growth of the Italian heat pump market is mainly related to three factors. First, from a technological perspective, modern systems cover a wider temperature range, operating even at outdoor temperatures of -25°C and increasingly are able to supply water at 65°C efficiently. Second, the need to accelerate the energy transition also in heating and cooling sector has put heat pumps under the lens of policy makers, and a new legislation has been introduced in Italy to foster the adoption of such systems. Third, the continued increase in heat pump sales resulted in lower costs of production and the establishment of economies of scale, which are advantageous for companies operating in the sector.

ANALYSIS OF THE DEMAND

MARKET STRUCTURE

ANALYSIS OF THE OFFER

REGULATION

POSITIONING OF THE ACTORS

To keep reading, buy the full research

What is in this market study?

  • What are the figures on the size and growth of the market?
  • What is driving the growth of the market and its evolution?
  • What are the latest trends in this market?
  • What is the positioning of companies in the value chain?
  • How do companies in the market differ from each other?
  • Access company mapping and profiles.
  • Data from several dozen databases

  • This market study is available online and in pdf format (30 p.)
  • Consult an example PDF or online
  • Recent reviews ★★★★☆ 
Buy this market study 89€

Availability within 10 business days

Method

Data
Analysts 1 sector analyzed
in 40 pages
Method
Control

Analysts

  • Top Universities
  • Expert opinion

Data

  • Databases
  • Press
  • Company reports

Control

  • Continuously updated
  • Permanent watch

Method

  • Synthetic structure
  • Standardized charts

Analysts

Hugo Schott

chargé d'études économiques, Xerfi

Hugo Schott

Hugo Schott logo 1 Hugo Schott logo 2
Mathieu Luinaud

Associate Consultant

Mathieu Luinaud

Mathieu Luinaud logo 1 Mathieu Luinaud logo 2
Education Formation
Robin C.

PhD Industrial transformations

Robin C.

Robin C. logo 1 Robin C. logo 2
Pierre D.

Analyst

Pierre D.

Pierre D. logo 1 Pierre D. logo 2
Arnaud W.
Linkedin logo

Ross Alumni Club France

Arnaud W.

Arnaud W. logo 1 Arnaud W. logo 2
Amaury de Balincourt
Linkedin logo

Analyste de marché chez Businesscoot

Amaury de Balincourt

Amaury de Balincourt logo 1 Amaury de Balincourt logo 2
Pierrick C.

Consultant

Pierrick C.

Pierrick C. logo 1 Pierrick C. logo 2
Maelle V.

Project Finance Analyst, Consulting

Maelle V.

Héloise Fruchard

Etudiante en Double-Diplôme Ingénieur-Manager Centrale

Héloise Fruchard

Héloise Fruchard logo 1 Héloise Fruchard logo 2
Imane E.

EDHEC

Imane E.

Imane E. logo 1 Imane E. logo 2
Vincent D.

Auditeur

Vincent D.

Vincent D. logo 1 Vincent D. logo 2
Eva-Garance T.

Eva-Garance T.

Eva-Garance T. logo 1 Eva-Garance T. logo 2
Michela G.

Market Research Analyst

Michela G.

Michela G. logo 1 Michela G. logo 2
Azelie P.

Market Research Analyst @Businesscoot

Azelie P.

Azelie P. logo 1 Azelie P. logo 2
Cantiane G.

Market Research Analyst @Businesscoot

Cantiane G.

Cantiane G. logo 1 Cantiane G. logo 2
Jules D.

Consultant

Jules D.

Jules D. logo 1 Jules D. logo 2
Alexia V.

Alexia V.

Emil Ohlsson

Emil Ohlsson

Anna O.

Anna O.

Gabriel S.

Gabriel S.