The interim heat pump monitoring datasets are a key output of the Electrification of Heat Demonstration (EoH) project, a government-funded heat pump trial assessing the feasibility of heat pumps across the UK’s diverse housing stock. These datasets are provided in both cleansed and raw form and allow analysis of the initial performance of the heat pumps installed in the trial. From the datasets, insights such as heat pump seasonal performance factor (a measure of the heat pump's efficiency), heat pump performance during the coldest day of the year, and half-hourly performance to inform peak demand can be gleaned.This dataset provides interim performance data collected between November 2020 and August 2022. Heat pumps in this trial will continue to be monitored until September 2023. Further heat pump performance will be available in the future once performance monitoring has ceased and the data have been analysed.The EoH project was funded by the Department of Business, Energy and Industrial Strategy. From 2023, it is covered by the new Department for Energy Security and Net Zero.Data availabilityThis study comprises the raw data from the EoH project, which is only available to registered UKDS users. Only the summary data file is available via standard UKDS EUL download, due to the large size of the full raw data files. To obtain the full set of raw data, registered UKDS users should:Download the summary dataset, and then Contact the UKDS HelpDesk, quoting study number 9049, to arrange FTP access for the raw data. When unzipped, the raw data available via FTP contain 742 CSV files. Most of the individual CSV files are too large to open in Excel. Before requesting FTP, users should ensure they have sufficient computing facilities to analyse the data. The UKDS also holds an accompanying open-access study, SN 9050 Electrification of Heat Demonstration Project: Heat Pump Performance Cleansed Data, 2020-2022. This contains the cleansed data from the EoH project, which does not require UKDS registration to access. However, since the data are of a similar large size to this study, only the summary dataset is available to download; an order must be placed for FTP delivery of the remaining cleansed data.The Python code used to cleanse the raw data and then perform the analysis is accessible via the Energy Systems Catapult Github

The amount of heat pumps in operation in the European Union (EU) has continuously increased over the years, both aerothermal and ground source heat pumps. The number of operating heat pumps in the EU has increased from ********** in 2013 to ************ in 2020. Throughout the whole timeline, aerothermal heat pumps were by far the most common than ground source heat pumps.

The heat pump market in the EU The volume of heat pump sales in Europe has been steadily rising over the last years, growing from *********** units sold in 2016 to ************ in 2020. The number of operational heat pumps in Italy reached approximately ********** units in 2020. In contrast, in Hungary there were only ****** units heat pumps in operation.

The environmental impact of heat pumps A big share of households in major European countries depend on fossil fuel sources for their heating systems. For instance, natural gas and heating oil accounted for about ** percent of household heating sources in Germany in 2020. Because of this, heating is the biggest contributor to residential CO2 emissions in some of those countries. In fact, around ** percent of the EU’s greenhouse gas emissions in 2019 came from the residential sector. Transitioning to energy-efficient electric heat pumps has a lot of potential for the reduction of the environmental impact of European buildings.

The Electrification of Heat (EoH) demonstration project is funded by the Department for Business, Energy and Industrial Strategy* and seeks to better understand the feasibility of a large-scale roll-out of heat pumps in homes across the UK. It aims to demonstrate that heat pumps can be installed in a wide variety of homes and deliver high customer satisfaction across a range of customer groups. This dataset is derived from the monitored heat pump performance data and provides a summary of the performance data quantity and quality and the data analysis outcomes. Each column of data in this dataset is described within the data dictionary included in the 'Additional Documentation'. It also contains a unique property ID number which can be used to link this data to all other published project datasets. The heat pump performance data was collected at an average of 2-minute time intervals. It was then stored in it's raw form. To prepare the data for analysis, data cleansing was undertaken and a cleansed dataset was produced. The cleansed data was then quality checked and analysed and the outputs of this process form this dataset. Two written reports which are included in the 'Additional Documentation' outline the process in more detail and insights derived from this data. *as of February 2023 Department for Energy Security and Net-Zero (DESNZ)

Heat pump sales in Europe rose a lot in recent years, reaching over ************* units in 2023. In 2020, heat pump sales in Europe amounted to just *** million units. The market size of the HVAC and fire protection insulation market in Europe is expected to grow in the coming years.

Work by Purdue and NIST has shown that different system types behave differently when exposed to the same type of fault at the same intensity; therefore, a better understanding of fault effects on the performance of different systems is needed. The data referenced here contains measurements of the fault-free and fault performance of two different heat pumps; a 14 SEER heat pump and a 16 SEER air-conditioner. The data represents the cooling mode performance of the two systems with and without various faults imposed while operating at steady-state over a wide range of indoor and outdoor air temperatures and humidities.

The New York State Energy Research and Development Authority (NYSERDA) sought to accelerate the adoption of ground source heat pump (GSHP) systems from 2017 through 2019 because thermal energy used in the residential and commercial sectors for space heating and cooling and hot water accounts for 37% of net energy consumption and 32% of all combustion-based greenhouse gas emissions in New York State. In 2017, clean heating and cooling (CH&C) technologies, in general, and GSHP systems in particular, occupy a niche position in New York State, penetrating less than 1% of the heating and cooling market. The now closed GSHP Rebate Program (the “Program”), that provided incentives for the installation of GSHP systems, was allocated this funding by the New York Public Service Commission through the Clean Energy Fund. Projects comprising small-scale GSHP systems (≤ 10 AHRI rated cooling tons) were eligible for a Rebate of $1,500 per cooling ton; and Projects comprising large-scale GSHP systems (> 10 AHRI rated cooling tons) were eligible for a Rebate of $1,200 per cooling ton, subject to certain incentive caps. The NYSERDA-supported Ground Source Heat Pump Projects: 2017-2019 dataset contains characteristics about each GSHP project that participated in the NYSERDA GSHP Rebate Program. All GSHP projects must have an Application Submitted Date prior to 1/1/2020 to be considered NYSERDA-supported. Information about the NYS Clean Heat Program can be found at https://www.nyserda.ny.gov/All-Programs/Programs/NYS-Clean-Heat. The New York State Energy Research and Development Authority (NYSERDA) offers objective information and analysis, innovative programs, technical expertise, and support to help New Yorkers increase energy efficiency, save money, use renewable energy, and reduce reliance on fossil fuels. To learn more about NYSERDA’s programs, visit https://nyserda.ny.gov or follow us on X, Facebook, YouTube, or Instagram.

The global market for heat pumps is set to reach a value of US$ 84.6 billion in 2024 and thereafter expand at a remarkable CAGR of 9.1% to end up at US$ 202.2 billion by 2034.

Report Attribute	Detail
Heat Pump Market Size (2024E)	US$ 84.6 Billion
Forecasted Market Value (2034F)	US$ 202.2 Billion
Global Market Growth Rate (2024 to 2034)	9.1% CAGR
Canada Market Growth Rate (2024 to 2034)	9.2% CAGR
China Market Value (2034F)	US$ 27.9 Billion
North America Market Share (2024E)	24.7%
East Asia Market Share (2034F)	28.3%
Key Companies Profiled	Midea Group; Panasonic Corporation; Mitsubishi Electric Corporation; Denso Corporation; LG Electronics; Lennox International; Fujitsu General; Samsung; NIBE Group; Glen Dimplex Group; Flamingo Heat Pumps.

Country-wise Evaluation

Attribute	United States
Market Value (2024E)	US$ 17.2 Billion
Growth Rate (2024 to 2034)	9.1% CAGR
Projected Value (2034F)	US$ 41.1 Billion

Attribute	Japan
Market Value (2024E)	US$ 6.3 Billion
Growth Rate (2024 to 2034)	9.2% CAGR
Projected Value (2034F)	US$ 15.1 Billion

Category-wise Insights

Attribute	Air Source
Segment Value (2024E)	US$ 57.5 Billion
Growth Rate (2024 to 2034)	9% CAGR
Projected Value (2034F)	US$ 135.7 Billion

Attribute	Residential
Segment Value (2024E)	US$ 52.9 Billion
Growth Rate (2024 to 2034)	9.1% CAGR
Projected Value (2034F)	US$ 126.6 Billion

In 2024, the number of air-source heat pumps shipped in the United States was higher than in the previous year. Overall shipments of that type of heat pumps have increased a lot in the past years, from 1.7 million units in 2012 to 4.33 million units in 2022. The total number of housing units with heat pumps for space heating also rose significantly, growing at an annual rate of roughly eight percent between 2019 and 2024. How many U.S. homes have heat pumps? Heat pumps are increasingly recognized for their energy efficiency and ability to provide both heating and cooling, making them an attractive option for homeowners. The share of homes with heat pumps installed varied by home type. In 2020, about 15 percent of single-family detached homes in the United States had some form of heat pump. Mobile homes had the highest share, with 30 percent of them equipped with heat pumps. What is the leading HVAC solution in the U.S.? HVAC stands for Heating, Ventilation, and Air Conditioning, and it refers to equipment that regulate the temperature, humidity, and air quality of buildings. Between 2003 and 2023, central air conditioners were the most popular space heating or cooling system in the United States, followed by air furnaces as the second most popular until 2019. However, air-source heat pumps surpassed air furnaces in shipments in 2020, with around 3.4 million units shipped that year. Those figures, however, do not include other HVAC equipment such as air cleaners and water heaters, which were also popular.

The Oregon Department of Energy’s (ODOE) Community Heat Pump Deployment Program (CHPDP) provides financial assistance to homeowners towards the purchase and installation of heat pumps in owner-occupied residences. Through two rounds of opportunity announcements, ODOE has selected eligible entities to serve as regional administrators in the 11 regions throughout the state. Administrators for six of the regions were identified and awarded in mid-2023. Administrators for the five remaining regions were identified and awarded in 2024 Regional administrators ​distribute incentives to applicants in their region. Two of the nine federally recognized Indian tribes in Oregon have elected to pursue funding through CHPDP. Funded by the State General Fund, the rebate amounts available are up to $5,000 towards the purchase and installation of a heat pump that meets ODOE minimum efficiency requirements and up to $7,000 towards the purchase and installation of a heat pump that meets ODOE higher efficiency requirements. A grant of up to $4,000 may also be available for eligible upgrades such as a new electrical panel or weatherization or structural repairs to the home that reduce heat and cooling loss. The incentive and grant amounts may not exceed 100% of the cost of purchase and installation of a heat pump or eligible upgrades.​This report includes data from July 1, 2023 through June 30, 2024. For more information email AskEnergy@oregon.gov. Note: Since five regional programs did not begin until after June 30, 2024, incentives have only been disbursed in the following regions: Central, Metro, Mid-Valley, North Central, South Central, South Valley/Mid-Coast.

Statistics illustrates consumption, production, prices, and trade of Heat Pumps other than Air Conditioning Machines in Chad from 2007 to 2024.

In 2023, Heat Pump Market reached a value of USD 68.01 billion, and it is projected to surge to USD 132.55 billion by 2030

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Residential Air To Water Heat Pump Market Size 2025-2029

The residential air to water heat pump market size is forecast to increase by USD 9.5 billion at a CAGR of 6.9% between 2024 and 2029.

The market is experiencing significant growth due to the increasing demand for energy-efficient heating solutions. With rising energy costs and growing awareness of sustainability, homeowners are increasingly turning to air to water heat pumps as an alternative to traditional heating systems. These pumps offer energy savings of up to 50% compared to conventional heating methods, making them an attractive option for both new constructions and retrofits. However, the market is not without challenges. The introduction of new products from various players is intensifying competition, leading to price wars and a need for differentiation through innovation. Furthermore, alternative heating systems, such as electric and hydronic heating, also pose a threat to market growth. To capitalize on opportunities and navigate these challenges effectively, companies must focus on product innovation, cost competitiveness, and expanding their geographical reach. By offering energy-efficient, cost-effective, and technologically advanced solutions, players can differentiate themselves in the market and tap into the growing demand for sustainable heating systems.

What will be the Size of the Residential Air To Water Heat Pump Market during the forecast period?

Request Free SampleThe residential air-to-water heat pump market in the US is experiencing significant growth due to increasing energy efficiency demands and the adoption of renewable heating solutions. These systems, which include both outdoor and indoor units, provide both heating and cooling functions with a high coefficient of performance. The market's size is driven by the growing popularity of HVAC systems that supply water temperature for radiant panel heating, bathroom water heaters, and even energy management systems. The use of glycol mixtures in these systems allows for operation in colder outdoor temperatures. EnergyPlus simulation tools are increasingly being used to optimize system design and efficiency. Consumers are also attracted to the quiet operation and environmental concerns associated with these devices, which utilize refrigerant copper lines instead of traditional fossil fuels. Overall, the market's direction is towards more energy-efficient and sustainable heating and cooling solutions.

How is this Residential Air To Water Heat Pump Industry segmented?

The residential air to water heat pump industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. TypeDomestic hot waterRoom heat pumpDistribution ChannelOfflineOnlineGeographyAPACChinaJapanSouth KoreaNorth AmericaUSEuropeFranceGermanyItalyNorwaySwedenUKSouth AmericaMiddle East and Africa

By Type Insights

The domestic hot water segment is estimated to witness significant growth during the forecast period.The market is experiencing significant growth, particularly in the domestic hot water (DHW) segment. These systems effectively meet household hot water requirements for activities like bathing, cooking, and cleaning, by extracting heat from ambient air and storing it in tanks. The energy efficiency and sustainability of air to water heat pumps make them an appealing choice for energy-conscious consumers, who are seeking ways to reduce energy consumption and heating costs. The DHW segment is gaining momentum due to increasing consumer awareness and the need for eco-friendly solutions. The infrastructure development for these systems is also becoming more accessible, making installation and maintenance easier. Air to water heat pumps offer all-weather comfort with quiet operation and space savings, making them a popular alternative to traditional heating systems like boilers and gas engines. Additionally, these devices can be integrated with an energy management system, radiant panel heating, and cooling functions, providing users with greater control over their indoor climate. The market's growth is driven by regional climate variations, the availability of renewable heating sources, and the increasing demand for energy efficiency in residential retrofitting. Consumers are also attracted to the durability of these systems, which include fan coils, glycol mixtures, and energy efficiency ratings. The market is expected to continue growing as consumers prioritize energy management and environmental concerns in their urban living spaces.

Get a glance at the market report of share of various segments Request Free Sample

The Domestic hot water segment was valued at USD 9 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute

Heat pump sales in Sweden fell in 2023 and 2024. With roughly ****** heat pumps sold in the Nordic country, the segment with the highest number of sales was air-to-air heat pumps. Air-to-air heat pumps had over half of the market share of heat pumps. In comparison, brine-to-water heat pumps, the second largest segment, had ****** units sold in 2023.

Graph and download economic data for Producer Price Index by Commodity: Machinery and Equipment: Heat Pumps (WPU11480734) from Dec 2009 to Jun 2025 about heating, machinery, equipment, commodities, PPI, inflation, price index, indexes, price, and USA.

This archive contains both a link to Oak Ridge National Laboratory's Ground Source Heat Pump (GSHP) Screening Tool and related resources documenting its development, technical features, and applications. The web-based screening tool is a techno-economic analysis resource designed to evaluate the feasibility, costs, and benefits of implementing GSHP systems in buildings across various U.S. climate zones. It is intended for use by building owners, HVAC system designers, and installers to support decision-making in residential and commercial applications, incorporating advanced modeling capabilities such as ground heat exchanger design. The included resources detail the tool's creation and use, covering topics such as innovative ground heat exchanger design methodologies, the development of an open library of g-functions for borehole configurations, and studies on GSHP performance and economic viability in retrofitting single-family homes.

Statistics illustrates consumption, production, prices, and trade of Heat Pumps other than Air Conditioning Machines in Reunion from 2007 to 2024.

This data submission includes simulation results for ground loop heat pump systems located in 6 different cities across the United States. The cities are Boston, MA, Dayton, OH, Omaha, NE, Orlando, FL, Sacramento, CA, and St. Paul, MN. These results were obtained from the two-dimensional geothermal computer code called GEO2D. GEO2D was written as part of this DOE funded grant. The results included in this submission for each of the 6 cities listed above are: 1) specific information on the building being heated or cooled by the ground loop geothermal system, 2) some extreme values for the building heating and cooling loads during the year, 3) the inputs required to carry out the simulation, 4) a plot of the hourly building heating and cooling loads throughout the year, 5) a plot of the fluid temperature exiting the ground loop for a 20 year period, 6) a plot of the heat exchange between the ground loop and the ground for a 20 year period, and 7) ground and ground loop temperature contour plots at different times of the year for the 20 year period.

Global Water Source Heat Pump Market size was valued at USD 55 million in 2021 and is poised to grow from USD 960 million in 2022 to USD 1452 Million by 2030, at a CAGR of 53% during the forecast period (2023-2030).

The GHPsRUS Project's full name is "Measuring the Costs and Benefits of Nationwide Geothermal Heat Pump Deployment." The dataset contains employment and installation price data collected by four economic surveys: (1)GHPsRUS Project Manufacturer & OEM Survey, (2) GHPsRUS Project Geothermal Loop Survey, (3) GHPsRUS Project Mechanical Equipment Installation Survey, and (4) GHPsRUS Geothermal Heat Pump Industry Survey