Air to Water Heat Pump Market Drivers, Trends, and Forecast by 2031

Historic Data: 2021-2023   |   Base Year: 2024   |   Forecast Period: 2025-2031

Coverage: Air to Water Heat Pump Market covers analysis By Rated Capacity (Below 10 KW, 10-20 KW, 20-30 KW, Above 30 KW); Type (Low Temperature Type, High Temperature Type, Hybrid Type); Application (Residential, Commercial, Industrial, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Date : Aug 2025
  • Report Code : TIPRE00027620
  • Category : Manufacturing and Construction
  • Status : Upcoming
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 150

MARKET INTRODUCTION


An air-to-water heat pump transfers heat from the outside air to water, which heats your rooms via radiators or underfloor heating. It can also heat water stored in a hot water cylinder for your hot taps, showers and baths. Heat from the air is absorbed into a fluid. This fluid then passes through a heat exchanger into the heat pump, which raises the temperature and then transfers that heat to water.

MARKET DYNAMICS


The Residential Air to Water Heat Pump Market is expected to register a CAGR of 9% over the forecast period. A favorable regulatory framework coupled with clean cooling & heating programs to promote the enactment of Heating, Ventilation, and Air Conditioning (HVAC) unit, will positively influence the residential air to water heat pump market share. Continuing approval and deployment of sustainable systems to lessen the adverse environmental influence will further incite product ingression. The growing need for energy-efficient systems to reduce electricity bills and green building standards and codes will boost the overall residential air to water heat pump market size.

MARKET SCOPE


The ˜Global Air-To-Water Heat Pump Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the air-to-water heat pump market with detailed market segmentation by rated capacity, type, and application. The global air-to-water heat pump market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading air-to-water heat pump market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION


1. By Rated Capacity: On the basis of capacity, the market is segmented into Below 10 KW, 10-20 KW, 20-30 KW and Above 30 KW.
2. By Type: On the basis of type the global air to water heat pump market is categorized into Low Temperature Type, High Temperature Type, and Hybrid Type.
3. By Application: On the basis of application type, the market is categorized into Residential, Commercial, Industrial and others.

REGIONAL FRAMEWORK


The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The air-to-water heat pump market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the air-to-water heat pump market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the air-to-water heat pump market in these regions.
IMPACT OF COVID 19
The spread of the COVID-19 pandemic has negatively impacted the global air to water heat pumps market owing to the lockdowns imposed in the majority of the countries across the globe since December 2019. A heat pump is a device that is used to transfer heat/thermal energy from one place to another. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.

MARKET PLAYERS


The report covers vital developments in the air-to-water heat pump market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the air-to-water heat pump market are anticipated to have lucrative growth opportunities in the future with the rising demand for air-to-water heat pump in the global market. Below mentioned is the list of a few companies engaged in the air-to-water heat pump market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the air-to-water heat pump market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.

  •   Bosch Thermotechnik
  •   Carrier
  •   Daikin Industries
  •   Fujitsu General
  •   Glen Dimplex
  •   LG Electronics
  •   Mitsubishi Electric
  •   NIBE
  •   Panasonic
  •   Vaillant

The Insight Partners dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Air to Water Heat Pump Report Scope

Report Attribute Details
Market size in 2024 US$ XX million
Market Size by 2031 US$ XX Million
Global CAGR (2025 - 2031) XX%
Historical Data 2021-2023
Forecast period 2025-2031
Segments Covered By Rated Capacity
  • Below 10 KW
  • 10-20 KW
  • 20-30 KW
  • Above 30 KW
By Type
  • Low Temperature Type
  • High Temperature Type
  • Hybrid Type
By Application
  • Residential
  • Commercial
  • Industrial
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Bosch Thermotechnik
  • Carrier
  • Daikin Industries
  • Fujitsu General
  • Glen Dimplex
  • LG Electronics
  • Mitsubishi Electric
  • NIBE
  • Panasonic
  • Nivedita Upadhyay
    Nivedita Upadhyay
    Manager,
    Market Research & Consulting

    Nivedita is an accomplished research professional with over 9 years of experience in Market Research and Business Consulting. Currently serving as a Project Manager in the ICT domain at The Insight Partners, she brings deep expertise in managing and executing Syndicated, Custom, Subscription-based, and Consulting research assignments across diverse technology sectors.

    With a proven track record of delivering data-driven analysis and actionable insights, Nivedita has been a key contributor to several critical projects. Her work involves end-to-end project execution—right from understanding client objectives, analyzing market trends, to deriving strategic recommendations. She has collaborated extensively with leading ICT companies, helping them identify market opportunities and navigate industry shifts.

    Nivedita holds an MBA in Management from IMS, Dehradun. Prior to joining The Insight Partners, she gained valuable experience at MarketsandMarkets and Future Market Insights in Pune, where she held various research roles and built a strong foundation in industry analysis and client engagement.

    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset

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    The List of Companies

    1.Bosch Thermotechnik
    2.Carrier
    3.Daikin Industries
    4.Fujitsu General
    5.Glen Dimplex
    6.LG Electronics
    7.Mitsubishi Electric
    8.NIBE
    9.Panasonic
    10.Vaillant
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