

The global market for Residential Electric Heat Pump was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.
Residential Electric Heat Pump is a heating and cooling system that transfers heat between indoor and outdoor environments using electricity. It provides both heating and cooling functions.
North American market for Residential Electric Heat Pump is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for Residential Electric Heat Pump is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The major global manufacturers of Residential Electric Heat Pump include Daikin, LG HVAC, Mitsubishi, Trane, Carrier, Rheem, A.O. Smith, American Water Heaters, Navien, Bosch, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Residential Electric Heat Pump, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Residential Electric Heat Pump.
The Residential Electric Heat Pump market size, estimations, and forecasts are provided in terms of sales volume (K Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Residential Electric Heat Pump market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Residential Electric Heat Pump manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
By Company
Daikin
LG HVAC
Mitsubishi
Trane
Carrier
Rheem
A.O. Smith
American Water Heaters
Navien
Bosch
Haier
Midea
Wanward
Segment by Type
Small
Medium
Large
Segment by Application
Indoor
Outdoor
Consumption by Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Europe
Germany
France
U.K.
Italy
Russia
Latin America
Mexico
Brazil
Argentina
Middle East and Africa
Turkey
Saudi Arabia
UAE
Core Chapters
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Residential Electric Heat Pump manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Sales, revenue of Residential Electric Heat Pump in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 8: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 9: The main points and conclusions of the report. 
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Residential Electric Heat Pump Âé¶¹Ô´´ Overview
1.1 Product Definition
1.2 Residential Electric Heat Pump by Type
1.2.1 Global Residential Electric Heat Pump Âé¶¹Ô´´ Value Comparison by Type (2024 VS 2031)
1.2.2 Small
1.2.3 Medium
1.2.4 Large
1.3 Residential Electric Heat Pump by Application
1.3.1 Global Residential Electric Heat Pump Âé¶¹Ô´´ Value by Application (2024 VS 2031)
1.3.2 Indoor
1.3.3 Outdoor
1.4 Global Residential Electric Heat Pump Âé¶¹Ô´´ Size Estimates and Forecasts
1.4.1 Global Residential Electric Heat Pump Revenue 2020-2031
1.4.2 Global Residential Electric Heat Pump Sales 2020-2031
1.4.3 Global Residential Electric Heat Pump Âé¶¹Ô´´ Average Price (2020-2031)
1.5 Assumptions and Limitations
2 Residential Electric Heat Pump Âé¶¹Ô´´ Competition by Manufacturers
2.1 Global Residential Electric Heat Pump Sales Âé¶¹Ô´´ Share by Manufacturers (2020-2025)
2.2 Global Residential Electric Heat Pump Revenue Âé¶¹Ô´´ Share by Manufacturers (2020-2025)
2.3 Global Residential Electric Heat Pump Average Price by Manufacturers (2020-2025)
2.4 Global Key Players of Residential Electric Heat Pump, Industry Ranking, 2022 VS 2023 VS 2024
2.5 Global Key Manufacturers of Residential Electric Heat Pump, Manufacturing Sites & Headquarters
2.6 Global Key Manufacturers of Residential Electric Heat Pump, Product Type & Application
2.7 Global Key Manufacturers of Residential Electric Heat Pump, Date of Enter into This Industry
2.8 Global Residential Electric Heat Pump Âé¶¹Ô´´ Competitive Situation and Trends
2.8.1 Global Residential Electric Heat Pump Âé¶¹Ô´´ Concentration Rate
2.8.2 The Global 5 and 10 Largest Residential Electric Heat Pump Players Âé¶¹Ô´´ Share by Revenue
2.8.3 Global Residential Electric Heat Pump Âé¶¹Ô´´ Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.9 Manufacturers Mergers & Acquisitions, Expansion Plans
3 Global Residential Electric Heat Pump Âé¶¹Ô´´ Scenario by Region
3.1 Global Residential Electric Heat Pump Âé¶¹Ô´´ Size by Region: 2020 Versus 2024 Versus 2031
3.2 Global Residential Electric Heat Pump Sales by Region: 2020-2031
3.2.1 Global Residential Electric Heat Pump Sales by Region: 2020-2025
3.2.2 Global Residential Electric Heat Pump Sales by Region: 2026-2031
3.3 Global Residential Electric Heat Pump Revenue by Region: 2020-2031
3.3.1 Global Residential Electric Heat Pump Revenue by Region: 2020-2025
3.3.2 Global Residential Electric Heat Pump Revenue by Region: 2026-2031
3.4 North America Residential Electric Heat Pump Âé¶¹Ô´´ Facts & Figures by Country
3.4.1 North America Residential Electric Heat Pump Âé¶¹Ô´´ Size by Country: 2020 VS 2024 VS 2031
3.4.2 North America Residential Electric Heat Pump Sales by Country (2020-2031)
3.4.3 North America Residential Electric Heat Pump Revenue by Country (2020-2031)
3.4.4 United States
3.4.5 Canada
3.5 Europe Residential Electric Heat Pump Âé¶¹Ô´´ Facts & Figures by Country
3.5.1 Europe Residential Electric Heat Pump Âé¶¹Ô´´ Size by Country: 2020 VS 2024 VS 2031
3.5.2 Europe Residential Electric Heat Pump Sales by Country (2020-2031)
3.5.3 Europe Residential Electric Heat Pump Revenue by Country (2020-2031)
3.5.4 Germany
3.5.5 France
3.5.6 U.K.
3.5.7 Italy
3.5.8 Russia
3.6 Asia Pacific Residential Electric Heat Pump Âé¶¹Ô´´ Facts & Figures by Region
3.6.1 Asia Pacific Residential Electric Heat Pump Âé¶¹Ô´´ Size by Region: 2020 VS 2024 VS 2031
3.6.2 Asia Pacific Residential Electric Heat Pump Sales by Region (2020-2031)
3.6.3 Asia Pacific Residential Electric Heat Pump Revenue by Region (2020-2031)
3.6.4 China
3.6.5 Japan
3.6.6 South Korea
3.6.7 India
3.6.8 Australia
3.6.9 China Taiwan
3.6.10 Indonesia
3.6.11 Thailand
3.6.12 Malaysia
3.7 Latin America Residential Electric Heat Pump Âé¶¹Ô´´ Facts & Figures by Country
3.7.1 Latin America Residential Electric Heat Pump Âé¶¹Ô´´ Size by Country: 2020 VS 2024 VS 2031
3.7.2 Latin America Residential Electric Heat Pump Sales by Country (2020-2031)
3.7.3 Latin America Residential Electric Heat Pump Revenue by Country (2020-2031)
3.7.4 Mexico
3.7.5 Brazil
3.7.6 Argentina
3.8 Middle East and Africa Residential Electric Heat Pump Âé¶¹Ô´´ Facts & Figures by Country
3.8.1 Middle East and Africa Residential Electric Heat Pump Âé¶¹Ô´´ Size by Country: 2020 VS 2024 VS 2031
3.8.2 Middle East and Africa Residential Electric Heat Pump Sales by Country (2020-2031)
3.8.3 Middle East and Africa Residential Electric Heat Pump Revenue by Country (2020-2031)
3.8.4 Turkey
3.8.5 Saudi Arabia
3.8.6 UAE
4 Segment by Type
4.1 Global Residential Electric Heat Pump Sales by Type (2020-2031)
4.1.1 Global Residential Electric Heat Pump Sales by Type (2020-2025)
4.1.2 Global Residential Electric Heat Pump Sales by Type (2026-2031)
4.1.3 Global Residential Electric Heat Pump Sales Âé¶¹Ô´´ Share by Type (2020-2031)
4.2 Global Residential Electric Heat Pump Revenue by Type (2020-2031)
4.2.1 Global Residential Electric Heat Pump Revenue by Type (2020-2025)
4.2.2 Global Residential Electric Heat Pump Revenue by Type (2026-2031)
4.2.3 Global Residential Electric Heat Pump Revenue Âé¶¹Ô´´ Share by Type (2020-2031)
4.3 Global Residential Electric Heat Pump Price by Type (2020-2031)
5 Segment by Application
5.1 Global Residential Electric Heat Pump Sales by Application (2020-2031)
5.1.1 Global Residential Electric Heat Pump Sales by Application (2020-2025)
5.1.2 Global Residential Electric Heat Pump Sales by Application (2026-2031)
5.1.3 Global Residential Electric Heat Pump Sales Âé¶¹Ô´´ Share by Application (2020-2031)
5.2 Global Residential Electric Heat Pump Revenue by Application (2020-2031)
5.2.1 Global Residential Electric Heat Pump Revenue by Application (2020-2025)
5.2.2 Global Residential Electric Heat Pump Revenue by Application (2026-2031)
5.2.3 Global Residential Electric Heat Pump Revenue Âé¶¹Ô´´ Share by Application (2020-2031)
5.3 Global Residential Electric Heat Pump Price by Application (2020-2031)
6 Key Companies Profiled
6.1 Daikin
6.1.1 Daikin Company Information
6.1.2 Daikin Description and Business Overview
6.1.3 Daikin Residential Electric Heat Pump Sales, Revenue and Gross Margin (2020-2025)
6.1.4 Daikin Residential Electric Heat Pump Product Portfolio
6.1.5 Daikin Recent Developments/Updates
6.2 LG HVAC
6.2.1 LG HVAC Company Information
6.2.2 LG HVAC Description and Business Overview
6.2.3 LG HVAC Residential Electric Heat Pump Sales, Revenue and Gross Margin (2020-2025)
6.2.4 LG HVAC Residential Electric Heat Pump Product Portfolio
6.2.5 LG HVAC Recent Developments/Updates
6.3 Mitsubishi
6.3.1 Mitsubishi Company Information
6.3.2 Mitsubishi Description and Business Overview
6.3.3 Mitsubishi Residential Electric Heat Pump Sales, Revenue and Gross Margin (2020-2025)
6.3.4 Mitsubishi Residential Electric Heat Pump Product Portfolio
6.3.5 Mitsubishi Recent Developments/Updates
6.4 Trane
6.4.1 Trane Company Information
6.4.2 Trane Description and Business Overview
6.4.3 Trane Residential Electric Heat Pump Sales, Revenue and Gross Margin (2020-2025)
6.4.4 Trane Residential Electric Heat Pump Product Portfolio
6.4.5 Trane Recent Developments/Updates
6.5 Carrier
6.5.1 Carrier Company Information
6.5.2 Carrier Description and Business Overview
6.5.3 Carrier Residential Electric Heat Pump Sales, Revenue and Gross Margin (2020-2025)
6.5.4 Carrier Residential Electric Heat Pump Product Portfolio
6.5.5 Carrier Recent Developments/Updates
6.6 Rheem
6.6.1 Rheem Company Information
6.6.2 Rheem Description and Business Overview
6.6.3 Rheem Residential Electric Heat Pump Sales, Revenue and Gross Margin (2020-2025)
6.6.4 Rheem Residential Electric Heat Pump Product Portfolio
6.6.5 Rheem Recent Developments/Updates
6.7 A.O. Smith
6.7.1 A.O. Smith Company Information
6.7.2 A.O. Smith Description and Business Overview
6.7.3 A.O. Smith Residential Electric Heat Pump Sales, Revenue and Gross Margin (2020-2025)
6.7.4 A.O. Smith Residential Electric Heat Pump Product Portfolio
6.7.5 A.O. Smith Recent Developments/Updates
6.8 American Water Heaters
6.8.1 American Water Heaters Company Information
6.8.2 American Water Heaters Description and Business Overview
6.8.3 American Water Heaters Residential Electric Heat Pump Sales, Revenue and Gross Margin (2020-2025)
6.8.4 American Water Heaters Residential Electric Heat Pump Product Portfolio
6.8.5 American Water Heaters Recent Developments/Updates
6.9 Navien
6.9.1 Navien Company Information
6.9.2 Navien Description and Business Overview
6.9.3 Navien Residential Electric Heat Pump Sales, Revenue and Gross Margin (2020-2025)
6.9.4 Navien Residential Electric Heat Pump Product Portfolio
6.9.5 Navien Recent Developments/Updates
6.10 Bosch
6.10.1 Bosch Company Information
6.10.2 Bosch Description and Business Overview
6.10.3 Bosch Residential Electric Heat Pump Sales, Revenue and Gross Margin (2020-2025)
6.10.4 Bosch Residential Electric Heat Pump Product Portfolio
6.10.5 Bosch Recent Developments/Updates
6.11 Haier
6.11.1 Haier Company Information
6.11.2 Haier Description and Business Overview
6.11.3 Haier Residential Electric Heat Pump Sales, Revenue and Gross Margin (2020-2025)
6.11.4 Haier Residential Electric Heat Pump Product Portfolio
6.11.5 Haier Recent Developments/Updates
6.12 Midea
6.12.1 Midea Company Information
6.12.2 Midea Description and Business Overview
6.12.3 Midea Residential Electric Heat Pump Sales, Revenue and Gross Margin (2020-2025)
6.12.4 Midea Residential Electric Heat Pump Product Portfolio
6.12.5 Midea Recent Developments/Updates
6.13 Wanward
6.13.1 Wanward Company Information
6.13.2 Wanward Description and Business Overview
6.13.3 Wanward Residential Electric Heat Pump Sales, Revenue and Gross Margin (2020-2025)
6.13.4 Wanward Residential Electric Heat Pump Product Portfolio
6.13.5 Wanward Recent Developments/Updates
7 Industry Chain and Sales Channels Analysis
7.1 Residential Electric Heat Pump Industry Chain Analysis
7.2 Residential Electric Heat Pump Raw Material Supply Analysis
7.2.1 Key Raw Materials
7.2.2 Raw Materials Key Suppliers
7.3 Residential Electric Heat Pump Production Mode & Process Analysis
7.4 Residential Electric Heat Pump Sales and Âé¶¹Ô´´ing
7.4.1 Residential Electric Heat Pump Sales Channels
7.4.2 Residential Electric Heat Pump Distributors
7.5 Residential Electric Heat Pump Customer Analysis
8 Residential Electric Heat Pump Âé¶¹Ô´´ Dynamics
8.1 Residential Electric Heat Pump Industry Trends
8.2 Residential Electric Heat Pump Âé¶¹Ô´´ Drivers
8.3 Residential Electric Heat Pump Âé¶¹Ô´´ Challenges
8.4 Residential Electric Heat Pump Âé¶¹Ô´´ Restraints
9 Research Findings and Conclusion
10 Methodology and Data Source
10.1 Methodology/Research Approach
10.1.1 Research Programs/Design
10.1.2 Âé¶¹Ô´´ Size Estimation
10.1.3 Âé¶¹Ô´´ Breakdown and Data Triangulation
10.2 Data Source
10.2.1 Secondary Sources
10.2.2 Primary Sources
10.3 Author List
10.4 Disclaimer
Daikin
LG HVAC
Mitsubishi
Trane
Carrier
Rheem
A.O. Smith
American Water Heaters
Navien
Bosch
Haier
Midea
Wanward
Ìý
Ìý
*If Applicable.