- Get in Touch with Us
Last Updated: Apr 25, 2025 | Study Period: 2023-2030
A heat pump is a component of an HVAC system. Heat pumps function by either blowing hot air out of the home to cool it or pumping cool air in to keep the region warm.
In essence, they move heat from one location to another based on how the thermostat is adjusted.
Heat pumps use various air or heat sources to transport heat from one location to another earth source heat pumps (also known as geothermal heat pumps) transfer heat between the air inside a home and the earth outside a home, whereas air source heat pumps move heat between the air inside a home and the air outside a home.
They will concentrate on air source heat pumps, however the essential functionality of both is the same.
The South Korea 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.
LG Electronics (LG) is showing its most recent heating, ventilation, and air conditioning (HVAC) technologies. LG's Inverter Scroll Heat Pump Chiller raises the bar for air-cooled chiller solutions.
The LG Inverter Scroll Heat Pump Chiller is a cooling and heating device. The performance and versatility of the Inverter Scroll Heat Pump Chiller can be credited to numerous essential components, including LG's inverter technology, which enables a precise and efficient reaction to load demand as well as industry-leading low-ambient, high-efficiency heating.
Furthermore, because the chiller is modular, system engineers can install it in a two- or four-pipe configuration to provide simultaneous cooling and heating functions without sacrificing efficiency or performance.
The LG Dedicated Outdoor Air System (DOAS) is a commercial ventilation system that also performs dehumidification, cooling, and heating functions. DOAS is fitted with a dual heat recovery system that minimises energy loss and allows it to adjust the temperature and humidity of the air inside a building or facility.
Meanwhile, the LG Therma V Air to Water Heat Pump (AWHP) system delivers reliable heating, cooling and hot water delivery and is a perfect replacement for a domestic-use gas boiler.
The 'electrification' movement is shifting the United States away from fossil fuels and towards cleaner heating and cooling solutions, such as those on exhibit from LG's comprehensive array of efficient, high-performance innovations.
| Sl no | Topic |
| 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 |
© 2017-2025 Mobility Foresights Pvt Ltd. All rights reserved.