Solar-assisted Heat Pump Market

Solar-assisted Heat Pump Market (Type: Air Source, Water Source, Ground Source, Exhaust Air, Hybrid Heat Pumps, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

Global Solar-assisted Heat Pump Market Outlook 2031

  • The global industry was valued at US$ 4.1 Bn in 2022
  • It is estimated to grow at a CAGR of 8.2% from 2023 to 2031 and reach US$ 8.3 Bn by the end of 2031

Analysts’ Viewpoint

Growing concerns about the environmental impact of conventional heat derived from sources such as crude oil with hydrogen as key element is driving the global solar-assisted heat pump market. Rise in efforts to increase penetration of renewable electricity in the heating and cooling sector through massive deployment of heat pumps in the household building & industrial sectors is expected to propel market expansion. Furthermore, surge in usage of solar-assisted heat pumps in various industries and applications to provide energy-efficient and sustainable heating and cooling solutions is likely to accelerate market development.

High potential of these pumps to increase the share of renewables in energy systems and enhance the flexibility of smart grids and integrated thermal-electric grids presents lucrative opportunities in the market. Companies have adopted growth strategies such as contracts & agreements, investment & expansion, partnerships, collaborations, alliances, and joint ventures to capture a larger share of the market.

Solar Assisted Heat Pump Market

Solar-assisted Heat Pump Market Introduction

Solar-assisted heat pump is a system that combines solar thermal energy with a heat pump to provide space heating and domestic hot water. The solar thermal component captures energy from the sun and transfers it to a heat pump, which then uses the energy to heat water or air. The system typically includes solar collectors, heat exchangers, heat pumps, and storage tanks. The solar collectors absorb the sun's energy and transfer it to a heat exchanger, which then transfers the heat to the heat pump. The heat pump then compresses the energy to raise the temperature and transfers it to the storage tank where it can be used for space heating or domestic hot water.

Solar-assisted heat pumps can be used in different settings, including residential, commercial, and industrial applications. These are particularly useful in locations with abundant sunlight, as solar energy can supplement the heat pump's energy needs, reducing reliance on grid electricity. It is a highly versatile and important emerging technology.

Government Support and Incentives for Renewable Energy

Government incentives and policies are driving the global solar-assisted heat pump market size. These incentives and policies could take many forms, including tax credits, subsidies, and rebates. These can also include regulations and standards that require or encourage the adoption of solar-assisted heat pumps. For instance, some governments offer tax credits to individuals or businesses that install solar-assisted heat pumps. These tax credits can significantly reduce the upfront cost of the system and make them more financially attractive. Some governments could also offer subsidies or rebates that further reduce the cost of the system.

In addition to financial incentives, governments could set standards or regulations that require or encourage the adoption of solar-assisted heat pumps. For instance, some countries have set targets for the adoption of renewable energy sources, including solar-assisted heat pumps. Governments could also require that new buildings meet certain energy efficiency standards, which can encourage the installation of solar-assisted heat pumps.

Overall, government incentives and policies could help overcome some of the barriers to the adoption of solar-assisted heat pumps, such as the upfront cost of the system. Financial incentives and regulations that encourage adoption are likely to augment the market and accelerate the transition to renewable energy sources.

Cost Savings and Efficiency of Solar-assisted Heat Pumps

Solar-assisted heat pumps offer several cost-saving benefits over traditional heating and cooling systems. These use solar energy to provide heat and cooling, which reduces running costs compared to conventional systems that rely on fossil fuels. This could result in significant savings on energy bills, particularly in areas with high energy costs.

Solar-assisted heat pumps are highly efficient; these require less energy to provide the same amount of heating or cooling as traditional systems. This results in lower energy consumption and reduced operating costs over time. Furthermore, solar-assisted heat pumps require less maintenance than traditional systems. This is because they have fewer moving parts and do not rely on combustible fuels, which can result in lower maintenance and repair costs over time.

Solar-assisted heat pumps can add value to a property by improving its energy efficiency and reducing its carbon footprint. This could make the property more attractive to buyers and increase its resale value. Overall, cost savings associated with solar-assisted heat pumps are significant and are likely to drive global solar-assisted heat pump market development in the next few years. An increase in awareness about these savings is likely to increase demand for solar-assisted heat pump systems.

Rise in Adoption of Air Source Heat Pumps due to Low Cost

Solar-assisted air source heat pump technology uses air as the source of heat. These systems use solar thermal collectors to heat a fluid, which is then used to provide additional heat to the air source heat pump. The heat pump compresses the heat to a higher temperature, which can be used for space heating, hot water, or other purposes.

Air source heat pumps have several advantages over other types of solar-assisted heat pumps. These are typically less expensive to install than ground source heat pumps, as these do not require the installation of a ground loop. These pumps also require less space, making them more suitable for smaller properties. Furthermore, air source heat pumps can provide both heating and cooling. During summer, the heat pump could be reversed to provide cooling, which can help to reduce the need for air conditioning.

Air source heat pumps are also becoming increasingly popular due to advancements in technology and increase in demand for energy-efficient and sustainable heating and cooling solutions. Newer air source heat pump models are more efficient than older models, and can provide more heat output for the same amount of energy input. This has helped to make air source heat pumps more cost-effective and attractive to consumers.

Regional Outlook

As per solar-assisted heat pump market trends, Asia Pacific accounted for largest share of the global market in 2022. The trend is expected to continue during the forecast period. China, the Middle East, and India are expected to be the key markets in the region during the forecast period. This is ascribed to rise in need for renewable energy alternatives that are cost-effective and more efficient.

Europe is also an attractive market for solar-assisted heat pumps. The region held significant global solar-assisted heat pump market share in 2022. Increase in investment in renewable energy projects in Germany, France, and Sweden is propelling the market in the region in the next few years.

Australia, Brazil, and South Africa have emerged as significant markets in the past few years. These countries are actively investing in solar-assisted heat pumps.

Analysis of Key Players in Global Solar-assisted Heat Pump Market

The global market is highly consolidated, with the presence of small number of large players. Major companies are investing significantly in comprehensive research & development activities, primarily to develop environment-friendly products. Commercialization of solar-assisted heat pumps has increased revenue in the market, prompting leading players to expand production units in untapped markets, particularly in developing countries. Mitsubishi Electric, Daikin Industries, Bosch Thermotechnology, Viessmann Group, Stiebel Eltron, NIBE Energy Systems, Panasonic Corporation, Carrier Corporation, Trane Technologies, A.O. Smith Corporation, Ecoforest, WaterFurnace International, Wolf GmbH, and Vaillant Group are the prominent players operating in the market.

Key Developments in Global Solar-assisted Heat Pump Market

  • In June 2020, Bosch Thermotechnology announced the launch of its new range of air-to-water heat pumps for residential heating and hot water applications. The new range, known as the Compress 7000i AW, is designed to be highly efficient and easy to install. It features a compact design, low noise levels, and a user-friendly interface

Each of these players has been profiled in the solar-assisted heat pump market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

Global Solar-assisted Heat Pump Market Snapshot

Attribute

Detail

Size in 2022

US$ 4.1 Bn

Forecast (Value) in 2031

US$ 8.3 Bn

Growth Rate (CAGR)

8.2%

Forecast Period

2023–2031

Historical Data Available for

2021

Quantitative Units

US$ Bn for Value & Kilo Tons for Volume

Market Analysis

It includes cross-segment analysis as well as regional level analysis. Furthermore, the qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.

Competition Landscape

  • Market share analysis by company (2022)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy and recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • Type
    • Air Source
    • Water Source
    • Ground Source
    • Exhaust Air
    • Hybrid Heat Pumps
    • Others
  • End-use
    • Residential Space Heating
    • Commercial Space Heating
    • Food Driers & Water Treatment
    • Cooling
    • Others

Regions Covered

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Russia and CIS
  • Japan
  • China
  • India
  • ASEAN
  • Brazil
  • Mexico
  • GCC
  • South Africa

Companies Profiled

  • Mitsubishi Electric
  • Daikin Industries
  • Bosch Thermotechnology
  • Viessmann Group
  • Stiebel Eltron
  • NIBE Energy Systems
  • Panasonic Corporation
  • Carrier Corporation
  • Trane Technologies
  • A.O. Smith Corporation
  • Ecoforest
  • WaterFurnace International
  • Wolf GmbH
  • Vaillant Group

Customization Scope

Available upon request

Pricing

Available upon request

Frequently Asked Questions

How big was the global solar-assisted heat pump market in 2022?

The global industry was valued at US$ 4.1 Bn in 2022.

How is the market expected to grow by 2031?

It is expected to grow at a CAGR of 8.2% from 2022 to 2031.

What are the key drivers of the market?

Government support & incentives for renewable energy and cost-savings & high efficiency are expected to drive the solar-assisted heat pump market.

Which was the largest segment of the market in 2022?

Air source was the largest type segment in 2022.

Which was the most lucrative region in 2022?

Asia Pacific was the most lucrative region in 2022.

Who are the prominent players in the Solar-assisted Heat Pump business?

Mitsubishi Electric, Daikin Industries, Bosch Thermotechnology, Viessmann Group, Stiebel Eltron, NIBE Energy Systems, Panasonic Corporation, Carrier Corporation, Trane Technologies, A.O. Smith Corporation, Ecoforest, WaterFurnace International, Wolf GmbH, and Vaillant Group are the prominent players in the market.

    1. Executive Summary

        1.1. Global Market Outlook

        1.2. Demand Side Trends

        1.3. Key Facts and Figures

        1.4. Trends Impacting Market

        1.5. TMR’s Growth Opportunity Wheel

    2. Market Overview

        2.1. Market Segmentation

        2.2. Key Developments

        2.3. Market Definitions

        2.4. Key Market Trends

        2.5. Market Dynamics

            2.5.1. Drivers

            2.5.2. Restraints

            2.5.3. Opportunities

        2.6. Global Solar-assisted Heat Pump Market Analysis and Forecast, 2022-2031

            2.6.1. Global Solar-assisted Heat Pump Market Volume (Units)

            2.6.2. Global Solar-assisted Heat Pump Market Revenue (US$ Mn)

        2.7. Porter’s Five Forces Analysis

        2.8. Regulatory Landscape

        2.9. Value Chain Analysis

            2.9.1. List of Raw Material Suppliers

            2.9.2. List of Key Manufacturers

            2.9.3. List of Key Suppliers

            2.9.4. List of Potential Customers

        2.10. Product Specification Analysis

        2.11. Production Overview

        2.12. Cost Structure Analysis

    3. COVID-19 Impact Analysis

        3.1. Impact on the Supply Chain of the Solar-assisted Heat Pump

        3.2. Impact on the Demand of Solar-assisted Heat Pump– Pre & Post Crisis

    4. Production Output Analysis (Units), 2021

        4.1. North America

        4.2. Europe

        4.3. Asia Pacific

        4.4. Latin America

        4.5. Middle East and Africa˙

    5. Impact of Current Geopolitical Scenario on Market

    6. Price Trend Analysis and Forecast (US$/Unit), 2022-2031

        6.1. Price Trend Analysis by Type

        6.2. Price Trend Analysis by Region

    7. Global Solar-assisted Heat Pump Market Analysis and Forecast, by Type, 2022–2031

        7.1. Introduction and Definitions

        7.2. Global Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Type, 2022–2031

            7.2.1. Air Source

            7.2.2. Water Source

            7.2.3. Ground Source

            7.2.4. Exhaust Air

            7.2.5. Hybrid heat pumps

            7.2.6. Others

        7.3. Global Solar-assisted Heat Pump Market Attractiveness Analysis, by Type

    8. Global Solar-assisted Heat Pump Market Analysis and Forecast, by Application, 2022–2031

        8.1. Introduction and Definitions

        8.2. Global Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031

            8.2.1. Residential Space Heating

            8.2.2. Commercial Space Heating

            8.2.3. Food Driers & Water Treatment

            8.2.4. Cooling

            8.2.5. Others

        8.3. Global Solar-assisted Heat Pump Market Attractiveness Analysis, by Application

    9. Global Solar-assisted Heat Pump Market Analysis and Forecast, by Region, 2022–2031

        9.1. Key Findings

        9.2. Global Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Region, 2022–2031

            9.2.1. North America

            9.2.2. Europe

            9.2.3. Asia Pacific

            9.2.4. Latin America

            9.2.5. Middle East & Africa

        9.3. Global Solar-assisted Heat Pump Market Attractiveness Analysis, by Region

    10. North America Solar-assisted Heat Pump Market Analysis and Forecast, 2022–2031

        10.1. Key Findings

        10.2. North America Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Type, 2022–2031

        10.3. North America Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031

        10.4. North America Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Country, 2022–2031

            10.4.1. U.S. Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Type, 2022–2031

            10.4.2. U.S. Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, Application, 2022–2031

            10.4.3. Canada Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Type, 2022–2031

            10.4.4. Canada Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, Application, 2022–2031

        10.5. North America Solar-assisted Heat Pump Market Attractiveness Analysis

    11. Europe Solar-assisted Heat Pump Market Analysis and Forecast, 2022–2031

        11.1. Key Findings

        11.2. Europe Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Type, 2022–2031

        11.3. Europe Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031

        11.4. Europe Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Country and Sub-region, 2021-2031

            11.4.1. Germany Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Type, 2022–2031

            11.4.2. Germany. Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, Application, 2022–2031

            11.4.3. France Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Type, 2022–2031

            11.4.4. France. Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, Application, 2022–2031

            11.4.5. U.K. Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Type, 2022–2031

            11.4.6. U.K. Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, Application, 2022–2031

            11.4.7. Italy Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Type, 2022–2031

            11.4.8. Italy Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, Application, 2022–2031

            11.4.9. Russia & CIS Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Type, 2022–2031

            11.4.10. Russia & CIS Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, Application, 2022–2031

            11.4.11. Rest of Europe Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Type, 2022–2031

            11.4.12. Rest of Europe Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, Application, 2022–2031

        11.5. Europe Solar-assisted Heat Pump Market Attractiveness Analysis

    12. Asia Pacific Solar-assisted Heat Pump Market Analysis and Forecast, 2022–2031

        12.1. Key Findings

        12.2. Asia Pacific Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Type

        12.3. Asia Pacific Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031

        12.4. Asia Pacific Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Country and Sub-region, 2021-2031

            12.4.1. China Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Type, 2022–2031

            12.4.2. China Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, Application, 2022–2031

            12.4.3. Japan Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Type, 2022–2031

            12.4.4. Japan Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, Application, 2022–2031

            12.4.5. India Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Type, 2022–2031

            12.4.6. India Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, Application, 2022–2031

            12.4.7. ASEAN Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Type, 2022–2031

            12.4.8. ASEAN Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, Application, 2022–2031

            12.4.9. Rest of Asia Pacific Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Type, 2022–2031

            12.4.10. Rest of Asia Pacific Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, Application, 2022–2031

        12.5. Asia Pacific Solar-assisted Heat Pump Market Attractiveness Analysis

    13. Latin America Solar-assisted Heat Pump Market Analysis and Forecast, 2022–2031

        13.1. Key Findings

        13.2. Latin America Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Type, 2022–2031

        13.3. Latin America Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031

        13.4. Latin America Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Country and Sub-region, 2021-2031

            13.4.1. Brazil Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Type, 2022–2031

            13.4.2. Brazil Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, Application, 2022–2031

            13.4.3. Mexico Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Type, 2022–2031

            13.4.4. Mexico Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, Application, 2022–2031

            13.4.5. Rest of Latin America Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Type, 2022–2031

            13.4.6. Rest of Latin America Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, Application, 2022–2031

        13.5. Latin America Solar-assisted Heat Pump Market Attractiveness Analysis

    14. Middle East & Africa Solar-assisted Heat Pump Market Analysis and Forecast, 2022–2031

        14.1. Key Findings

        14.2. Middle East & Africa Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Type, 2022–2031

        14.3. Middle East & Africa Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031

        14.4. Middle East & Africa Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Country and Sub-region, 2021-2031

            14.4.1. GCC Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Type, 2022–2031

            14.4.2. GCC Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, Application, 2022–2031

            14.4.3. South Africa Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Type, 2022–2031

            14.4.4. South Africa Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, Application, 2022–2031

            14.4.5. Rest of Middle East & Africa Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, by Type, 2022–2031

            14.4.6. Rest of Middle East & Africa Solar-assisted Heat Pump Market Volume (Units) and Value (US$ Mn) Forecast, Application, 2022–2031

        14.5. Middle East & Africa Solar-assisted Heat Pump Market Attractiveness Analysis

    15. Competition Landscape

        15.1. Global Solar-assisted Heat Pump Company Market Share Analysis, 2021

        15.2. Company Profiles (Details – Overview, Financials, Recent Developments, and Strategy)

            15.2.1. Mitsubishi Electric

                15.2.1.1. Company Revenue

                15.2.1.2. Business Overview

                15.2.1.3. Product Segments

                15.2.1.4. Geographic Footprint

                15.2.1.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.1.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.2. Daikin Industries

                15.2.2.1. Company Revenue

                15.2.2.2. Business Overview

                15.2.2.3. Product Segments

                15.2.2.4. Geographic Footprint

                15.2.2.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.2.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.3. Bosch Thermotechnology

                15.2.3.1. Company Revenue

                15.2.3.2. Business Overview

                15.2.3.3. Product Segments

                15.2.3.4. Geographic Footprint

                15.2.3.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.3.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.4. Viessmann Group

                15.2.4.1. Company Revenue

                15.2.4.2. Business Overview

                15.2.4.3. Product Segments

                15.2.4.4. Geographic Footprint

                15.2.4.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.4.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.5. Stiebel Eltron

                15.2.5.1. Company Revenue

                15.2.5.2. Business Overview

                15.2.5.3. Product Segments

                15.2.5.4. Geographic Footprint

                15.2.5.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.5.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.6. NIBE Energy Systems

                15.2.6.1. Company Revenue

                15.2.6.2. Business Overview

                15.2.6.3. Product Segments

                15.2.6.4. Geographic Footprint

                15.2.6.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.6.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.7. Panasonic Corporation

                15.2.7.1. Company Revenue

                15.2.7.2. Business Overview

                15.2.7.3. Product Segments

                15.2.7.4. Geographic Footprint

                15.2.7.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.7.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.8. Carrier Corporation

                15.2.8.1. Company Revenue

                15.2.8.2. Business Overview

                15.2.8.3. Product Segments

                15.2.8.4. Geographic Footprint

                15.2.8.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.8.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.9. Trane Technologies

                15.2.9.1. Company Revenue

                15.2.9.2. Business Overview

                15.2.9.3. Product Segments

                15.2.9.4. Geographic Footprint

                15.2.9.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.9.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.10. A.O. Smith Corporation

                15.2.10.1. Company Revenue

                15.2.10.2. Business Overview

                15.2.10.3. Product Segments

                15.2.10.4. Geographic Footprint

                15.2.10.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.10.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.11. Ecoforest

                15.2.11.1. Company Revenue

                15.2.11.2. Business Overview

                15.2.11.3. Product Segments

                15.2.11.4. Geographic Footprint

                15.2.11.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.11.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.12. WaterFurnace International

                15.2.12.1. Company Revenue

                15.2.12.2. Business Overview

                15.2.12.3. Product Segments

                15.2.12.4. Geographic Footprint

                15.2.12.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.12.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.13. Wolf GmbH

                15.2.13.1. Company Revenue

                15.2.13.2. Business Overview

                15.2.13.3. Product Segments

                15.2.13.4. Geographic Footprint

                15.2.13.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.13.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.14. Vaillant Group

                15.2.14.1. Company Revenue

                15.2.14.2. Business Overview

                15.2.14.3. Product Segments

                15.2.14.4. Geographic Footprint

                15.2.14.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.14.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

    16. Primary Research: Key Insights

    17. Appendix

    List of Tables

    Table 1: Global Solar-assisted Heat Pump Market Volume (Units) Forecast, by Type, 2022–2031

    Table 2: Global Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Type, 2022–2031

    Table 3: Global Solar-assisted Heat Pump Market Volume (Units) Forecast, by Application, 2022–2031

    Table 4: Global Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Application, 2022–2031

    Table 5: Global Solar-assisted Heat Pump Market Volume (Units) Forecast, by Region, 2022–2031

    Table 6: Global Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Region, 2022–2031

    Table 7: North America Solar-assisted Heat Pump Market Volume (Units) Forecast, by Type, 2022–2031

    Table 8: North America Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Type, 2022–2031

    Table 9: North America Solar-assisted Heat Pump Market Volume (Units) Forecast, by Application, 2022–2031

    Table 10: North America Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Application, 2022–2031

    Table 11: North America Solar-assisted Heat Pump Market Volume (Units) Forecast, by Country, 2022–2031

    Table 12: North America Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Country, 2022–2031

    Table 13: U.S. Solar-assisted Heat Pump Market Volume (Units) Forecast, by Type, 2022–2031

    Table 14: U.S. Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Type, 2022–2031

    Table 15: U.S. Solar-assisted Heat Pump Market Volume (Units) Forecast, by Application, 2022–2031

    Table 16: U.S. Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Application, 2022–2031

    Table 17: Canada Solar-assisted Heat Pump Market Volume (Units) Forecast, by Type, 2022–2031

    Table 18: Canada Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Type, 2022–2031

    Table 19: Canada Solar-assisted Heat Pump Market Volume (Units) Forecast, by Application, 2022–2031

    Table 20: Canada Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Application 2022–2031

    Table 21: Europe Solar-assisted Heat Pump Market Volume (Units) Forecast, by Type, 2022–2031

    Table 22: Europe Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Type, 2022–2031

    Table 23: Europe Solar-assisted Heat Pump Market Volume (Units) Forecast, by Application, 2022–2031

    Table 24: Europe Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Application 2022–2031

    Table 25: Europe Solar-assisted Heat Pump Market Volume (Units) Forecast, by Country and Sub-region, 2022–2031

    Table 26: Europe Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Country and Sub-region, 2022–2031

    Table 27: Germany Solar-assisted Heat Pump Market Volume (Units) Forecast, by Type, 2022–2031

    Table 28: Germany Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Type, 2022–2031

    Table 29: Germany Solar-assisted Heat Pump Market Volume (Units) Forecast, by Application, 2022–2031

    Table 30: Germany Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Application 2022–2031

    Table 31: France Solar-assisted Heat Pump Market Volume (Units) Forecast, by Type, 2022–2031

    Table 32: France Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Type, 2022–2031

    Table 33: France Solar-assisted Heat Pump Market Volume (Units) Forecast, by Application, 2022–2031

    Table 34: France Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Application 2022–2031

    Table 35: U.K. Solar-assisted Heat Pump Market Volume (Units) Forecast, by Type, 2022–2031

    Table 36: U.K. Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Type, 2022–2031

    Table 37: U.K. Solar-assisted Heat Pump Market Volume (Units) Forecast, by Application, 2022–2031

    Table 38: U.K. Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Application 2022–2031

    Table 39: Italy Solar-assisted Heat Pump Market Volume (Units) Forecast, by Type, 2022–2031

    Table 40: Italy Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Type, 2022–2031

    Table 41: Italy Solar-assisted Heat Pump Market Volume (Units) Forecast, by Application, 2022–2031

    Table 42: Italy Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Application 2022–2031

    Table 43: Spain Solar-assisted Heat Pump Market Volume (Units) Forecast, by Type, 2022–2031

    Table 44: Spain Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Type, 2022–2031

    Table 45: Spain Solar-assisted Heat Pump Market Volume (Units) Forecast, by Application, 2022–2031

    Table 46: Spain Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Application 2022–2031

    Table 47: Russia & CIS Solar-assisted Heat Pump Market Volume (Units) Forecast, by Type, 2022–2031

    Table 48: Russia & CIS Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Type, 2022–2031

    Table 49: Russia & CIS Solar-assisted Heat Pump Market Volume (Units) Forecast, by Application, 2022–2031

    Table 50: Russia & CIS Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Application 2022–2031

    Table 51: Rest of Europe Solar-assisted Heat Pump Market Volume (Units) Forecast, by Type, 2022–2031

    Table 52: Rest of Europe Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Type, 2022–2031

    Table 53: Rest of Europe Solar-assisted Heat Pump Market Volume (Units) Forecast, by Application, 2022–2031

    Table 54: Rest of Europe Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Application 2022–2031

    Table 55: Asia Pacific Solar-assisted Heat Pump Market Volume (Units) Forecast, by Type, 2022–2031

    Table 56: Asia Pacific Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Type, 2022–2031

    Table 57: Asia Pacific Solar-assisted Heat Pump Market Volume (Units) Forecast, by Application, 2022–2031

    Table 58: Asia Pacific Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Application 2022–2031

    Table 59: Asia Pacific Solar-assisted Heat Pump Market Volume (Units) Forecast, by Country and Sub-region, 2022–2031

    Table 60: Asia Pacific Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Country and Sub-region, 2022–2031

    Table 61: China Solar-assisted Heat Pump Market Volume (Units) Forecast, by Type, 2022–2031

    Table 62: China Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Type 2022–2031

    Table 63: China Solar-assisted Heat Pump Market Volume (Units) Forecast, by Application, 2022–2031

    Table 64: China Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Application 2022–2031

    Table 65: Japan Solar-assisted Heat Pump Market Volume (Units) Forecast, by Type, 2022–2031

    Table 66: Japan Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Type, 2022–2031

    Table 67: Japan Solar-assisted Heat Pump Market Volume (Units) Forecast, by Application, 2022–2031

    Table 68: Japan Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Application 2022–2031

    Table 69: India Solar-assisted Heat Pump Market Volume (Units) Forecast, by Type, 2022–2031

    Table 70: India Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Type, 2022–2031

    Table 71: India Solar-assisted Heat Pump Market Volume (Units) Forecast, by Application, 2022–2031

    Table 72: India Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Application 2022–2031

    Table 73: ASEAN Solar-assisted Heat Pump Market Volume (Units) Forecast, by Type, 2022–2031

    Table 74: ASEAN Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Type, 2022–2031

    Table 75: ASEAN Solar-assisted Heat Pump Market Volume (Units) Forecast, by Application, 2022–2031

    Table 76: ASEAN Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Application 2022–2031

    Table 77: Rest of Asia Pacific Solar-assisted Heat Pump Market Volume (Units) Forecast, by Type, 2022–2031

    Table 78: Rest of Asia Pacific Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Type, 2022–2031

    Table 79: Rest of Asia Pacific Solar-assisted Heat Pump Market Volume (Units) Forecast, by Application, 2022–2031

    Table 80: Rest of Asia Pacific Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Application 2022–2031

    Table 81: Latin America Solar-assisted Heat Pump Market Volume (Units) Forecast, by Type, 2022–2031

    Table 82: Latin America Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Type, 2022–2031

    Table 83: Latin America Solar-assisted Heat Pump Market Volume (Units) Forecast, by Application, 2022–2031

    Table 84: Latin America Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Application 2022–2031

    Table 85: Latin America Solar-assisted Heat Pump Market Volume (Units) Forecast, by Country and Sub-region, 2022–2031

    Table 86: Latin America Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Country and Sub-region, 2022–2031

    Table 87: Brazil Solar-assisted Heat Pump Market Volume (Units) Forecast, by Type, 2022–2031

    Table 88: Brazil Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Type, 2022–2031

    Table 89: Brazil Solar-assisted Heat Pump Market Volume (Units) Forecast, by Application, 2022–2031

    Table 90: Brazil Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Application 2022–2031

    Table 91: Mexico Solar-assisted Heat Pump Market Volume (Units) Forecast, by Type, 2022–2031

    Table 92: Mexico Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Type, 2022–2031

    Table 93: Mexico Solar-assisted Heat Pump Market Volume (Units) Forecast, by Application, 2022–2031

    Table 94: Mexico Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Application 2022–2031

    Table 95: Rest of Latin America Solar-assisted Heat Pump Market Volume (Units) Forecast, by Type, 2022–2031

    Table 96: Rest of Latin America Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Type, 2022–2031

    Table 97: Rest of Latin America Solar-assisted Heat Pump Market Volume (Units) Forecast, by Application, 2022–2031

    Table 98: Rest of Latin America Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Application 2022–2031

    Table 99: Middle East & Africa Solar-assisted Heat Pump Market Volume (Units) Forecast, by Type, 2022–2031

    Table 100: Middle East & Africa Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Type, 2022–2031

    Table 101: Middle East & Africa Solar-assisted Heat Pump Market Volume (Units) Forecast, by Application, 2022–2031

    Table 102: Middle East & Africa Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Application 2022–2031

    Table 103: Middle East & Africa Solar-assisted Heat Pump Market Volume (Units) Forecast, by Country and Sub-region, 2022–2031

    Table 104: Middle East & Africa Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Country and Sub-region, 2022–2031

    Table 105: GCC Solar-assisted Heat Pump Market Volume (Units) Forecast, by Type, 2022–2031

    Table 106: GCC Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Type, 2022–2031

    Table 107: GCC Solar-assisted Heat Pump Market Volume (Units) Forecast, by Application, 2022–2031

    Table 108: GCC Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Application 2022–2031

    Table 109: South Africa Solar-assisted Heat Pump Market Volume (Units) Forecast, by Type, 2022–2031

    Table 110: South Africa Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Type, 2022–2031

    Table 111: South Africa Solar-assisted Heat Pump Market Volume (Units) Forecast, by Application, 2022–2031

    Table 112: South Africa Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Application 2022–2031

    Table 113: Rest of Middle East & Africa Solar-assisted Heat Pump Market Volume (Units) Forecast, by Type, 2022–2031

    Table 114: Rest of Middle East & Africa Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Type, 2022–2031

    Table 115: Rest of Middle East & Africa Solar-assisted Heat Pump Market Volume (Units) Forecast, by Application, 2022–2031

    Table 116: Rest of Middle East & Africa Solar-assisted Heat Pump Market Value (US$ Mn) Forecast, by Application 2022–2031

    List of Figures

    Figure 1: Global Solar-assisted Heat Pump Market Volume Share Analysis, by Type, 2021, 2027, and 2031

    Figure 2: Global Solar-assisted Heat Pump Market Attractiveness Analysis, by Type

    Figure 3: Global Solar-assisted Heat Pump Market Volume Share Analysis, by Application, 2021, 2027, and 2031

    Figure 4: Global Solar-assisted Heat Pump Market Attractiveness Analysis, by Application

    Figure 5: Global Solar-assisted Heat Pump Market Volume Share Analysis, by Region, 2021, 2027, and 2031

    Figure 6: Global Solar-assisted Heat Pump Market Attractiveness Analysis, by Region

    Figure 7: North America Solar-assisted Heat Pump Market Volume Share Analysis, by Type, 2021, 2027, and 2031

    Figure 8: North America Solar-assisted Heat Pump Market Attractiveness Analysis, by Type

    Figure 9: North America Solar-assisted Heat Pump Market Volume Share Analysis, by Application, 2021, 2027, and 2031

    Figure 10: North America Solar-assisted Heat Pump Market Attractiveness Analysis, by Application

    Figure 11: North America Solar-assisted Heat Pump Market Volume Share Analysis, by Country, 2021, 2027, and 2031

    Figure 12: North America Solar-assisted Heat Pump Market Attractiveness Analysis, by Country and Sub-region

    Figure 13: Europe Solar-assisted Heat Pump Market Volume Share Analysis, by Type, 2021, 2027, and 2031

    Figure 14: Europe Solar-assisted Heat Pump Market Attractiveness Analysis, by Type

    Figure 15: Europe Solar-assisted Heat Pump Market Volume Share Analysis, by Application, 2021, 2027, and 2031

    Figure 16: Europe Solar-assisted Heat Pump Market Attractiveness Analysis, by Application

    Figure 17: Europe Solar-assisted Heat Pump Market Volume Share Analysis, by Country and Sub-region, 2021, 2027, and 2031

    Figure 18: Europe Solar-assisted Heat Pump Market Attractiveness Analysis, by Country and Sub-region

    Figure 19: Asia Pacific Solar-assisted Heat Pump Market Volume Share Analysis, by Type, 2021, 2027, and 2031

    Figure 20: Asia Pacific Solar-assisted Heat Pump Market Attractiveness Analysis, by Type

    Figure 21: Asia Pacific Solar-assisted Heat Pump Market Volume Share Analysis, by Application, 2021, 2027, and 2031

    Figure 22: Asia Pacific Solar-assisted Heat Pump Market Attractiveness Analysis, by Application

    Figure 23: Asia Pacific Solar-assisted Heat Pump Market Volume Share Analysis, by Country and Sub-region, 2021, 2027, and 2031

    Figure 24: Asia Pacific Solar-assisted Heat Pump Market Attractiveness Analysis, by Country and Sub-region

    Figure 25: Latin America Solar-assisted Heat Pump Market Volume Share Analysis, by Type, 2021, 2027, and 2031

    Figure 26: Latin America Solar-assisted Heat Pump Market Attractiveness Analysis, by Type

    Figure 27: Latin America Solar-assisted Heat Pump Market Volume Share Analysis, by Application, 2021, 2027, and 2031

    Figure 28: Latin America Solar-assisted Heat Pump Market Attractiveness Analysis, by Application

    Figure 29: Latin America Solar-assisted Heat Pump Market Volume Share Analysis, by Country and Sub-region, 2021, 2027, and 2031

    Figure 30: Latin America Solar-assisted Heat Pump Market Attractiveness Analysis, by Country and Sub-region

    Figure 31: Middle East & Africa Solar-assisted Heat Pump Market Volume Share Analysis, by Type, 2021, 2027, and 2031

    Figure 32: Middle East & Africa Solar-assisted Heat Pump Market Attractiveness Analysis, by Type

    Figure 33: Middle East & Africa Solar-assisted Heat Pump Market Volume Share Analysis, by Application, 2021, 2027, and 2031

    Figure 34: Middle East & Africa Solar-assisted Heat Pump Market Attractiveness Analysis, by Application

    Figure 35: Middle East & Africa Solar-assisted Heat Pump Market Volume Share Analysis, by Country and Sub-region, 2021, 2027, and 2031

    Figure 36: Middle East & Africa Solar-assisted Heat Pump Market Attractiveness Analysis, by Country and Sub-region

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