Overview:

The North America residential heat pump market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. The heat pump is a device or system that is used to heat or cool an infrastructure such as residential building. This device transfers thermal energy from cool space to a warmer space through refrigeration cycle.

Market Dynamics:

Significant adoption of heat pump in residential sector is a major factor driving growth of the North America residential heat pump market. In addition, all other market drivers, restraints, trends, and opportunities are covered in this report.

Key Trends:

Detailed key trends are covered in the report including technological advancements and key strategies of key players operating in the target market area.

Regional Analysis:

For detailed understanding of market dynamics, the North America residential heat pump market is analyzed across key countries viz. The US and Canada. The US market has dominated the target market with highest market share in 2019.

However, the target market in Canada is expected to witness strong growth during the forecast period.

Scope of the Report:

Detailed Segmentation:

North America Residential Heat Pump Market, By Type:

• Air-to-Air
• Water Source
• Geothermal

North America Residential Heat Pump Market, By Power Source:

• Electric Powered
• Gas Powered
• Other Power Sources

North America Residential Heat Pump Market, By Rated Capacity:

• Upto 10 kW
• 11-20 kW
• 21-30 kW
• Above 30 kW

North America Residential Heat Pump Market, By Country:

• The US
• Canada

Key Players Covered:

Key players operating in the North America residential heat pump market includes Valliant Group, Viessmann Group, GlenDimplex, Robert Bosch GmbH, Carrier Corporation., Emerson Electric Co., Daikin Industries, Ltd., Mitsubishi Electric Corporation, Ingersoll Rand Plc, and Melrose Industries PLC.

Key Features of the Study:

Foresight Market Research provides detailed analysis on North America market in our report- North America Residential Heat Pump Market by type, power source, rated capacity, and country. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2022 – 2029, considering 2020 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the North America residential heat pump market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.