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Last Updated: Apr 26, 2025 | Study Period: 2023-2030
INTRODUCTION
A heat pump is a device that transfers heat from a colder area to a hotter area using electricity. It can be used for both heating and cooling purposes in buildings. There are different types of heat pumps, such as air-source, ground-source, water-source and exhaust air heat pumps. Heat pumps are more energy-efficient than other heating systems because they move heat rather than generate it.
The efficiency of a heat pump is measured by its coefficient of performance (COP) or seasonal coefficient of performance (SCOP), which indicate how much heat is delivered per unit of electricity consumed.
A heat pump works by using a refrigerant to transfer heat between two spaces. The refrigerant can change its state from liquid to gas and vice versa by using a compressor and an expansion valve. The direction of the heat transfer depends on the position of a reversing valve that switches the roles of the indoor and outdoor coils.
In heating mode, the heat pump takes heat from the outside air and releases it inside the house. The refrigerant is compressed by the compressor and becomes a hot gas. It then passes through the indoor coil where it transfers heat to the indoor air and condenses into a liquid.
The liquid refrigerant then goes through the expansion valve and becomes a cold gas. It then passes through the outdoor coil where it absorbs heat from the outside air and evaporates into a gas again.
In cooling mode, the heat pump takes heat from the inside air and releases it outside the house. The reversing valve changes the direction of the refrigerant flow, so the outdoor coil becomes the condenser and the indoor coil becomes the evaporator.
The refrigerant is compressed by the compressor and becomes a hot gas. It then passes through the outdoor coil where it transfers heat to the outdoor air and condenses into a liquid. The liquid refrigerant then goes through the expansion valve and becomes a cold gas. It then passes through the indoor coil where it absorbs heat from the indoor air and evaporates into a gas again
The MALAYSIA HVAC heat pump market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
DAIKIN FIT Heat Pump - DZ6VSThe Daikin Fit system is a side discharge, smart HVAC system that wonât compromise on comfort and connects to ducted solutions traditional to the unitary market.
In a market saturated with expensive high-tier inverters, the system provides a premium mid-efficiency inverter at an affordable rate. The low profile of the outdoor unit offers solutions when a traditional cube style cannot.
DZ20VWhen properly matched and installed, your communicating DZ20VC Variable Speed Heat Pump offers up to 21 SEER high-efficiency performance. The higher the SEER, the greater the efficiency â and the lower the operating cost compared to lower SEER units.
In many applications, the efficiency of your DZ20VC can be enhanced by using it in conjunction with a Daikin brand gas furnace or air handler that includes a variable-speed blower motor. This unit features a powder-paint finish over heavy-gauge galvanized steel that provides premium durability and excellent UV protection.
Daikin, Inc. is a manufacturer of air conditioning systems, chemicals, heat pumps, and many other HVAC systems. They also manufacture oil hydraulics and defence systems.
Siemens Energy is a manufacturersupplier of large-scale industrial heat pumps that can provide heat up to 150°C and 70 MWth. They use modern, energy-efficient, safe and non-hazardous working fluids as refrigerants.
Carrier Corporation is a manufacturer in heating, air conditioning and refrigeration solutions. They offer a range of heat pumps for residential and commercial applications, including air-source, water-source and geothermal heat pumps.
Johnson Controls is a global diversified technology and industrial leader serving customers in more than 150 countries. They provide innovative solutions for heating, cooling, ventilation and refrigeration systems, including heat pumps.
Mitsubishi Electric is a manufacturer in air conditioning systems for residential, commercial and industrial use. They offer a variety of heat pumps, such as air-source, water-source, hybrid and CO2 heat pumps.
Air Controls Heating is a veteran-owned distributor that provides a variety of HVAC equipment including rooftop units, cooling tower and heat pump systems, split heating systems, and more. The company has its headquarters located in Billings, MT,
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2023-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2023-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2023-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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