Research Expert: Sarah Overall
  • Published: Mar 2025
  • Pages: 150
  • SKU: IRTNTR41529

  • Latest News- Industrial Heat Pumps Market: Paper and pulp is expected to lead the End-user segment during 2025-2029

    The Industrial Heat Pumps Market is being driven by Rising focus on improving energy efficiency by industries

    The Industrial Heat Pumps Market is expected to grow at a CAGR of 5.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 754.8 million. In the industrial sector, heat pumps have gained significant traction as energy-efficient alternatives to traditional HVAC systems. However, these intricate electromechanical systems necessitate routine maintenance due to their frequent usage and susceptibility to malfunctions. To ensure optimal performance and prolonged service life, it is essential to coordinate and monitor operating parameters effectively. The advent of digitized and IoT-based technologies has revolutionized heat pump maintenance, enabling remote monitoring and coordination. For instance, Meier Tobler's smart-guard service utilizes sensors, a controller, and an Internet connection via a mobile communications gateway to monitor and maintain Meier Tobler heat pumps. 

    Get more information on Industrial Heat Pumps Market by requesting a sample report

    Which Factors Are Causing a Surge in Market Growth?

    The market is segmented based on

    • End-user
      • Paper and pulp
      • Food and beverage
      • Chemical
      • Automotive
      • Others
    • Type
      • Air-to-air heat pumps
      • Air-to-water heat pumps
      • Water source heat pumps
      • Ground source heat pumps
      • Hybrid heat pumps
    • System Type
      • Closed Loop
      • Open Cycle
      • Closed Loop
      • Open Cycle
    • Capacity
      • Less Than 500 kW
      • 500 kW to 2 MW
      • 2 MW to 5 MW
      • More Than 5 MW
      • Less Than 500 kW
      • 500 kW to 2 MW
      • 2 MW to 5 MW
      • More Than 5 MW
    • Geography
      • Europe
        • Germany
        • UK
        • France
        • Italy
      • APAC
        • China
        • India
        • Japan
      • North America
        • Canada
        • US
      • Middle East and Africa
        • South America
          • Brazil

      According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

      • Rising focus on improving energy efficiency by industries
      • Growing focus on high-temperature heat pumps
      • Emerging regulations and increasing government initiatives to reduce emissions

      However, the market also witnesses some limitations, which are as follows:

      • High initial cost and limitations of heat pumps
      • Lack of awareness about the benefits of heat pumps
      • Stringent regulations on use of refrigerants

      Benefits of Buying Global Industrial Heat Pumps Market Research Report by Technavio

      Rich Experience: 20+ years leading global market research, trusted insights across industries.

      Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

      Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

      Market Scope in Industrial Heat Pumps Market Research Report

      Market Scope

      Report Coverage

      Details

      Page number

      217

      Base year

      2024

      Historic period

      2019-2023

      Forecast period

      2025-2029

      Growth momentum & CAGR

      Accelerate at a CAGR of 5.8%

      Market growth 2025-2029

      USD 754.8 million

      Market structure

      market_structure.ucfirst

      YoY growth 2024-2025(%)

      5.4

      Key countries

      US, Italy, China, Japan, Germany, UK, Canada, India, France, and Brazil

      Competitive landscape

      Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

      Request Free Sample

      Find out which segment is leading the market by accessing the free PDF report

      Research Analysis Overview

      Industrial heat pumps play a pivotal role in heat pumping for various processes, providing energy security and space cooling demand. Policy support, such as taxes and levies, performance-based labels, and renewable energy targets, drive the market's growth. Heat pump units, including air heat pumps, reduce CO2 emissions and improve energy performance, making them essential for Net Zero Emissions. Power generation and energy pricing, including electricity tariffs, also influence market dynamics. The ban on fossil fuels and integration with renewable energy sources further boost the industrial heat pumps market.

      Market Research Overview

      The industrial heat pump market is a segment of the larger industrial machinery and supplies and components market, encompassing businesses that manufacture heat pump units for industrial processes. These heat pumps, which function similarly to air conditioners in reverse, play a crucial role in energy security and efficiency for various industries. The global industrial machinery and supplies and components market, comprising manufacturers of machinery and components for sectors such as presses, machine tools, compressors, pollution control equipment, and others, is projected to expand due to increasing industrial output in process and discrete industries. Developing countries' economic growth continues to fuel demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages, necessitating capacity additions and the adoption of energy-efficient technologies like industrial heat pumps. Policy support for renewable energy and energy efficiency initiatives further bolsters market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


      Contacts

      Technavio Research
      Jesse Maida
      Media & Marketing Executive
      US: +1 844 364 1100
      UK: +44 203 893 3200
      Email: media@technavio.com
      Website: www.technavio.com/

      Read News Read Less
      Interested in this report?
      Get your sample now!

    Safe and Secure SSL Encrypted

    Technavio

    • 2500 USD

    [5 reports/month/user]

    • 5000 USD

    close
    • Basic Plan [5000 USD/Year]:

      Single User
      Download 5 Reports/Month
      View 100 Reports/Month
      Add upto 3 Users at 625 USD/user

    • Teams Plan [7500 USD/Year]:

      5 User
      Download 5 Reports/Month/User
      View 100 Reports/Month/User
      Add upto 30 Users at 500 USD/user

    *You can upgrade to Teams plan at Subscription page

    close
    • Single:

      One user only.
      Quick & easy download option

    • Enterprise:

      Unlimited user access (Within your organization).
      Complimentary Customization Included

    *For Enterprise license, go to checkout page

    Technavio Get the report (PDF) sent to your email within minutes.