India Industrial Heat Pump Market (2021-2027) | Size, Share, industry, Growth, Forecast, Revenue, Trend, Analysis, Outlook & COVID-19 IMPACT

Market Forecast By Types (Air-to-Air, Air-to-Water, Water-to-Water), By Rated Capacity (Up to 100 kW, 100.1-250 kW, 250.1-500 kW, Above 500 kW), Rated Capacity, By Compressor Types (Scroll Compressor, Screw Compressor), By Operating Temperature Limit (Up to 20° C, 20° - 90° C, Above 90° C), By Industry Types (Manufacturing and Automotive, Pharmaceutical, Textile, Chemical & Others (Food, Dairy and miscellaneous)), By Regions (Northern, Southern, Eastern, Western) and competitive landscape

Product Code: ETC054437 Publication Date: Aug 2023 Updated Date: Feb 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 87 No. of Figures: 19 No. of Tables: 8

India Industrial Heat Pump Market Shipment Analysis

India Industrial Heat Pump Market registered a growth of 7.78% in value shipments in 2022 as compared to 2021 and an increase of 19.68% CAGR in 2022 over a period of 2017. In Industrial Heat Pump Market India is becoming less competitive as HHI index in 2022 was 8038 while in 2017 it was 6292. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in Industrial Heat Pump Market.

India Industrial Heat Pump Market Competition 2023


India Export Potential Assessment For Industrial Heat Pump Market (USD Values in Thousand)


Latest Development (2022) in India Industrial Heat Pump Market

India Industrial Heat Pump Market is expected to gain proliferation during the upcoming years on account of the growing demand for energy-efficient cost-effective appliances in various sectors. The growing initiatives taken by the government such as providing tax rebates and corporate tax credits are expected to flourish the India Industrial Heat Pump Market Growth. Moreover, increasing renewable rebate programs in the country are also driving the development of the market. Moreover, the advantages offered by the manufacturers such as low maintenance requirements, low carbon footprints, and high life-span is also contributing to the Industrial Heat pump market share.

India Industrial Heat Pump Market report thoroughly covers the market by types, rated capacity, operating temperature limit, regions, and industry types. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

India Industrial Heat Pump Market Synopsis

The India industrial heat pump market witnessed moderate growth during the period 2017-2019 as a result of the rising efforts by the industrial sector to reduce the costs of energy and environmental effects due to the emission of large amounts of carbon from industrial processes. Installation of heat pumps in the industrial sector has emerged as a viable option to save energy and reduce carbon footprint. Further, the continued government support in the form of initiatives and policies such as the “Make in India” initiative gave a boost to the manufacturing sector in the country, which in turn, bolstered the demand for industrial heat pumps in India during the recent past.

According to 6Wresearch, India Industrial Heat Pump Market size is projected to grow at a CAGR of 13.6% during 2021-2027.  Industries are giving more emphasis on cost efficiency, and energy efficiency and making efforts to reduce their carbon footprints which would propel the demand for industrial heat pumps in the coming years with the rising applications in several industries including pharmaceutical, chemical, and food & beverage.

India Industrial Heat Pump Market

Market Analysis By Type

By type, the market is segmented into air-to-air, air-to-water, and water-to-water types of industrial heat pumps. The water-to-water and air-to-water segments have currently a dominating revenue share in the market with a cumulative market share of around 80% of the total market revenues in 2020. The water-to-water segment has the highest dominance in the overall market revenues as they require less electricity, city and provide high efficiency. By regions, the market is segmented into Northern, Southern, Eastern, and Western regions. The Southern region of India is currently at the top of the market due to the presence of a large number of industries in that area that are the end-users of the industrial heat pump market like pharmaceutical, textile, and many more.

Market Analysis By Operating Temperature Limit

On the basis of operating temperature limit, the up to 20°C and 20°C - 90° C segment captured the maximum share in the India industrial heat pump market in 2020. The 20°C- 90°C segment has dominated the overall market revenues in 2020 and is anticipated to continue to have the maximum share in the forecast period as the operating temperature limit of up to 20° C does not give efficient energy outcomes, thus most of the industries prefer to use heat pumps at an operating temperature that lies between 20° - 90° C.

COVID-19 Impact on India Industrial Heat Pump Market

On account of the outbreak of the COVID-19 pandemic, the industrial heat pump market in India saw a stark decline in market revenues due to the closure of industries and supply chain disruptions caused by the lockdown. Despite the decline in market revenues during 2020, the market is anticipated to recover by 2021 and return to a normal growth trajectory thereafter on account of several projects in the development pipeline such as the Atal Nagar Health ATMS project, Active Pharmaceutical Ingredients project, Dahej Hydrazine Hydrate project and several other projects in the chemical and pharmaceutical industry.

Key Players in the market

Some of the key players in the India Industrial Heat Pump Market are:

  • Brio Energy Pvt. Ltd
  • Carrier Air Conditioning & Refrigeration Ltd.
  • EcoTech Solutions
  • Flamingo Heat Pumps
  • GEA Group Aktiengesellschaft
  • Johnson Controls International plc
  • Midea Group Co. Ltd.
  • Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A.
  • Swegon Bluebox Private Limited
  • Trane Technologies plc

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2017 to 2020.
  • Base Year: 2020
  • Forecast Data until 2027.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • India Industrial Heat Pump Market Overview
  • India Industrial Heat Pump Market Outlook
  • India Industrial Heat Pump Market Forecast
  • Historical Data and Forecast of India Industrial Heat Pump Market Revenues for the Period 2017-2027.
  • Historical Market Data and Forecast of Revenues, by Types for the Period 2017-2027.
  • Historical Market Data and Forecast of Revenues, by Rated Capacity for the Period 2017-2027.
  • Historical Market Data and Forecasts of Revenues, by Compressor Types, for the Period 2017-2027.
  • Historical Market Data and Forecasts of Revenues, by Operating Temperature Limit, for the Period 2017-2027.
  • Historical Market Data and Forecasts of Revenues, by Regions, for the Period 2017-2027.
  • Historical Market Data and Forecasts of Revenues, by Industry Types, for the Period 2017-2027.
  • Market Drivers and Restraints
  • India Industrial Heat Pump Market Trends
  • Industry Life Cycle
  • Porter’s Five Force Analysis
  • Market Opportunity Assessment
  • India Industrial Heat Pump Market Share, By Companies
  • Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Types

  • Air-to-Air
  • Air-to-Water
  • Water-to-Water

By Rated Capacity

  • Up to 100 kW
  • 1-250 kW
  • 1-500 kW
  • Above 500 kW
  • Rated Capacity, By Compressor Types
  • Scroll Compressor
  • Screw Compressor

By Operating Temperature Limit

  • Up to 20° C
  • 20° - 90° C
  • Above 90° C

By Regions

  • Northern
  • Southern
  • Eastern
  • Western

By Industry Types

  • Manufacturing and Automotive
  • Pharmaceutical
  • Textile
  • Chemical
  • Others (Food, Dairy and miscellaneous)
India Industrial Heat Pump Market: FAQs
The report not only considered the COVID-19 impact but also current market dynamics, trends, and KPIs into consideration.
The India Industrial Heat Pump Market revenue is anticipated to record a CAGR of 13.6% during 2021-2027.
Water-to-water segment has dominated the overall market revenues in the year 2020.
The key players in the market include- Carrier Air Conditioning & Refrigeration Ltd., GEA Group Aktiengesellschaft, Johnson Controls International plc, Midea Group Co. Ltd., Trane Technologies plc, Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A., Swegon Bluebox Private Limited, Flamingo Heat Pumps, Brio Energy Pvt. Ltd, EcoTech Solutions
6Wresearch has a database of more than 60 countries globally, which can make us your first choice for all your research needs.
20°C-90°C segment is expected to record key growth throughout the forecast period 2021-27.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
TABLE OF CONTENT
1. Executive Summary
2. Introduction
2.1. Report Description
2.2. Key Highlights of The Report
2.3. Market Scope & Segmentation
2.4. Research Methodology
2.5. Assumptions
3. India Industrial Heat Pump Market Overview
3.1. India Industrial Heat Pump Market Revenues and Volume, 2017-2027F
3.2. India Industrial Heat Pump Market Industry Life Cycle
3.3. India Industrial Heat Pump Market Sales Cycle
3.4. India Industrial Heat Pump Market Ecosystem
3.5. India Industrial Heat Pump Market Porter’s Five Forces Model
3.6. India Industrial Heat Pump Market Revenue Share, By Types, 2020 & 2027F
3.7. India Industrial Heat Pump Market Revenue and Volume Share, By Rated Capacity, 2020 & 2027F
3.8. India Industrial Heat Pump Market Revenue Share, By Operating Temperature Limit, 2020 & 2027F
3.9. India Industrial Heat Pump Market Revenue Share, By Regions, 2020 & 2027F
3.10. India Industrial Heat Pump Market Revenue Share, By Industry Types, 2020 & 2027F
4. Covid-19 Impact Analysis on India Industrial Heat Pump Market
5. India Industrial Heat Pump Market Dynamics
5.1. Impact Analysis
5.2. Market Drivers
5.3. Market Restraints
6. India Industrial Heat Pump Market Trends
7. India Industrial Heat Pump Market Overview, By Types
7.1. India Industrial Heat Pump Market Revenues, By Types, 2017-2027F
7.1.1. India Air-to-Air Industrial Heat Pump Market Revenues, 2017-2027F
7.1.2. India Air-to-Water Industrial Heat Pump Market Revenues, 2017-2027F
7.1.3. India Water-to-Water Industrial Heat Pump Market Revenues, 2017-2027F
7.2. India Industrial Heat Pump Market Analysis for Types, By Operating Temperature
8. India Industrial Heat Pump Market Overview, By Rated Capacity
8.1. India Industrial Heat Pump Market Revenues, By Rated Capacity, 2017-2027F
8.1.1. India Up to 100 kW Industrial Heat Pump Market Revenues, 2017-2027F
8.1.2. India 100.1-250 kW Industrial Heat Pump Market Revenues, 2017-2027F
8.1.3. India 250.1-500 kW Industrial Heat Pump Market Revenues, 2017-2027F
8.1.4. India Above 500 kW Industrial Heat Pump Market Revenues, 2017-2027F
8.2. India Industrial Heat Pump Market Volume, By Rated Capacity, 2017-2027F
8.2.1. India Up to 100 kW Industrial Heat Pump Market Volume, 2017-2027F
8.2.2. India 100.1-250 kW Industrial Heat Pump Market Volume, 2017-2027F
8.2.3. India 250.1-500 kW Industrial Heat Pump Market Volume, 2017-2027F
8.2.4. India Above 500 kW Industrial Heat Pump Market Volume, 2017-2027F
8.3. India Industrial Heat Pump Market Analysis for Rated Capacity, By Compressor Types
8.3.1. India Industrial Heat Pump Market Share for Rated Capacity, By Compressor Types, 2020 & 2027F
8.3.2. India Industrial Heat Pump Market Revenues for Rated Capacity, By Compressor Types, 2017-2027F
8.3.2.1. India Industrial Heat Pump Market Revenues for Rated Capacity, By Scroll Compressor, 2017-2027F
8.3.2.2. India Industrial Heat Pump Market Revenues for Rated Capacity, By Screw Compressor, 2017-2027F
9. India Industrial Heat Pump Market Overview, By Operating Temperature Limit
9.1. India Industrial Heat Pump Market Revenues, By Operating Temperature Limit, 2017-2027F
9.1.1. India Up to 20° C Industrial Heat Pump Market Revenues, 2017-2027F
9.1.2. India 20°-90° C Industrial Heat Pump Market Revenues, 2017-2027F
9.1.3. India Above 90° C Industrial Heat Pump Market Revenue, 2017-2027F
10. India Industrial Heat Pump Market Overview, By Regions
10.1. India Industrial Heat Pump Market Revenues, By Regions, 2017-2027F
10.1.1 India Northern Region Industrial Heat Pump Market Revenues, 2017-2027F
10.1.2. India Southern Region Industrial Heat Pump Market Revenues, 2017-2027F
10.1.3. India Eastern Region Industrial Heat Pump Market Revenues, 2017-2027F
10.1.4. India Western Region Industrial Heat Pump Market Revenues, 2017-2027F
11. India Industrial Heat Pump Market Overview, By Industry Types
11.1. India Industrial Heat Pump Market Revenues, By Industry Types, 2017-2027F
11.1.1 India Industrial Heat Pump Market Revenues, By Manufacturing & Automotive Industry, 2017-2027F
11.1.2. India Industrial Heat Pump Market Revenues, By Pharmaceutical Industry, 2017-2027F
11.1.3. India Industrial Heat Pump Market Revenues, By Textile Industry, 2017-2027F
11.1.4. India Industrial Heat Pump Market Revenues, By Chemical Industry, 2017-2027F
11.1.5. India Industrial Heat Pump Market Revenues, By Others (Food, Dairy and miscellaneous) Industry, 2017-2027F
12. India Industrial Heat Pump Market Key Performance Indicators
13. India Industrial Heat Pump Market Opportunity Assessment
13.1. India Industrial Heat Pump Market Opportunity Assessment, By Types, 2027F
13.2. India Industrial Heat Pump Market Opportunity Assessment, By Rated Capacity, 2027F
13.3. India Industrial Heat Pump Market Opportunity Assessment, By Operating Temperature Limit, 2027F
13.4. India Industrial Heat Pump Market Opportunity Assessment, By Regions, 2027F
14. India Industrial Heat Pump Market Price Trend Analysis
14.1. India Industrial Heat Pump Market Average Selling Price, By Rated Capacity
15. India Industrial Heat Pump Market Competitive Landscape
15.1. India Industrial Heat Pump Market Revenue Share, By Origin, 2020 & 2027F
15.2. India Industrial Heat Pump Market Revenue Share Ranking, By Companies, 2020
15.3. India Industrial Heat Pump Market Competitive Benchmarking, By Technical Parameters
15.4. India Industrial Heat Pump Market Competitive Benchmarking, By Operating Parameters
16. Company Profiles
16.1. Carrier Air Conditioning & Refrigeration Ltd.
16.2. GEA Group Aktiengesellschaft
16.3. Johnson Controls International plc
16.4. Midea Group Co. Ltd.
16.5. Trane Technologies plc
16.6. Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A.
16.7. Swegon Bluebox Private Limited
16.8. Flamingo Heat Pumps
16.9. Brio Energy Pvt. Ltd
16.10. EcoTech Solutions
17. Key Strategic Recommendations
18. Disclaimer
LIST OF FIGUERS
1. India Industrial Heat Pump Market Revenues and Volume, 2017-2027F (INR Crores, Units)
2. India Industrial Heat Pump Market Revenue Share, By Types, 2020 & 2027F
3. India Industrial Heat Pump Market Revenue Share, By Rated Capacity, 2020 & 2027F
4. India Industrial Heat Pump Market Volume Share, By Rated Capacity, 2020 & 2027F
5. India Industrial Heat Pump Market Revenue Share, By Operating Temperature Limit, 2020 & 2027F
6. India Industrial Heat Pump Market Revenue Share, By Regions, 2020 & 2027F
7. India Industrial Heat Pump Market Revenue Share, By Industry Types, 2020 & 2027F
8. Market Size of India Chemical Sector, 2017-2022F ($ Billion)
9. Indian Pharmaceutical Sector, 2015-2019 (US $ Billion)
10. India’s annual CO2 emissions, 2016-2019 (MtCO2)
11. India Industrial Heat Pump Market Analysis for Rated Capacity, by Compressor Types
12. GVA of Manufacturing at basic current prices, FY’16-FY’20 ($ billion)
13. Gross Capital Formation of Manufacturing Sector at current prices, FY’16-FY20 ($ Billion)
14. Annual Automotive Production- Two Wheelers and Cars, 2016-2025F (Thousand Units)
15. Share of each segment in Total Automotive Production Volume (FY 2020)
16. Revenue of Indian Textile and Apparel Sector 2020 and 2026F ($ billion)
17. India’s Textile Trade FY 2016- FY 2020 ($ billion)
18. India Industrial Heat Pump Market Opportunity Assessment, By Types, 2027F
19. India Industrial Heat Pump Market Opportunity Assessment, By Rated Capacity, 2027F
20. India Industrial Heat Pump Market Opportunity Assessment, By Operating Temperature Limit, 2027F
21. India Industrial Heat Pump Market Opportunity Assessment, By Regions, 2027F
22. India Industrial Heat Pump Market Average Selling Price, By Rated Capacity, 2017-2027F (INR Lakhs)
23. India Industrial Heat Pump Market Revenue Share, By Origin, 2020 & 2027F
24. India Industrial Heat Pump Market Revenue Ranking, By Companies, 2020
25. India Industrial Heat Pump Market Leading Domestic Manufacturers, 2020
LIST OF TABLES
1. India Industrial Heat Pump Market Revenues, By Types, 2017-2027F (INR Crores)
2. India Industrial Heat Pump Market Revenues, By Rated Capacity, 2017-2027F (INR Crores)
3. India Industrial Heat Pump Market Volume, By Rated Capacity, 2017-2027F (Units)
4. India Industrial Heat Pump Market Revenue Share for Rated Capacity, by Compressor Types, 2020 & 2027F
5. India Industrial Heat Pump Market Revenues for Rated Capacity, by Compressor Types, 2017-2027F (INR Crores)
6. India Industrial Heat Pump Market Revenues, By Operating Temperature Limit, 2017-2027F (INR Crores)
7. India Industrial Heat Pump Market Revenues, By Regions, 2017-2027F (INR Crores)
8. India Industrial Heat Pump Market Revenues, By Industry Types, 2017-2027F (INR Crores)
9. Upcoming Pharmaceutical Projects in India
10. Ongoing Projects in India Chemical Sector
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