| Product Code: ETC9962808 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The United States continues to see significant import shipments of cold climate air source heat pumps, with key suppliers including Mexico, China, Thailand, South Korea, and India. Despite high concentration levels indicated by the Herfindahl-Hirschman Index (HHI), the market experienced a strong compound annual growth rate (CAGR) of 27.24% from 2020 to 2024. The growth momentum remained steady in 2024, with a growth rate of 2.11% compared to the previous year. This data highlights the continued importance of these imports in meeting the demand for efficient heating solutions in cold climate regions of the US.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 United States (US) Cold Climate Air Source Heat Pump Market Overview |
3.1 United States (US) Country Macro Economic Indicators |
3.2 United States (US) Cold Climate Air Source Heat Pump Market Revenues & Volume, 2021 & 2031F |
3.3 United States (US) Cold Climate Air Source Heat Pump Market - Industry Life Cycle |
3.4 United States (US) Cold Climate Air Source Heat Pump Market - Porter's Five Forces |
3.5 United States (US) Cold Climate Air Source Heat Pump Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 United States (US) Cold Climate Air Source Heat Pump Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 United States (US) Cold Climate Air Source Heat Pump Market Revenues & Volume Share, By Operation Type, 2021 & 2031F |
4 United States (US) Cold Climate Air Source Heat Pump Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on energy efficiency and sustainability in buildings |
4.2.2 Government incentives and rebates promoting the adoption of cold climate air source heat pumps |
4.2.3 Rising awareness about the environmental impact of traditional heating systems |
4.3 Market Restraints |
4.3.1 Higher upfront costs compared to traditional heating systems |
4.3.2 Limited awareness and understanding of cold climate air source heat pumps among consumers |
4.3.3 Challenges related to installation and maintenance in extreme cold climates |
5 United States (US) Cold Climate Air Source Heat Pump Market Trends |
6 United States (US) Cold Climate Air Source Heat Pump Market, By Types |
6.1 United States (US) Cold Climate Air Source Heat Pump Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 United States (US) Cold Climate Air Source Heat Pump Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 United States (US) Cold Climate Air Source Heat Pump Market Revenues & Volume, By Split Systems, 2021- 2031F |
6.1.4 United States (US) Cold Climate Air Source Heat Pump Market Revenues & Volume, By Single Package Equipment, 2021- 2031F |
6.2 United States (US) Cold Climate Air Source Heat Pump Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 United States (US) Cold Climate Air Source Heat Pump Market Revenues & Volume, By Residential, 2021- 2031F |
6.2.3 United States (US) Cold Climate Air Source Heat Pump Market Revenues & Volume, By Commercial, 2021- 2031F |
6.3 United States (US) Cold Climate Air Source Heat Pump Market, By Operation Type |
6.3.1 Overview and Analysis |
6.3.2 United States (US) Cold Climate Air Source Heat Pump Market Revenues & Volume, By Electric, 2021- 2031F |
6.3.3 United States (US) Cold Climate Air Source Heat Pump Market Revenues & Volume, By Hybrid, 2021- 2031F |
7 United States (US) Cold Climate Air Source Heat Pump Market Import-Export Trade Statistics |
7.1 United States (US) Cold Climate Air Source Heat Pump Market Export to Major Countries |
7.2 United States (US) Cold Climate Air Source Heat Pump Market Imports from Major Countries |
8 United States (US) Cold Climate Air Source Heat Pump Market Key Performance Indicators |
8.1 Energy efficiency improvement rate of cold climate air source heat pumps |
8.2 Number of government incentives and rebates available for cold climate air source heat pump installations |
8.3 Percentage increase in consumer awareness and preference for environmentally friendly heating solutions |
9 United States (US) Cold Climate Air Source Heat Pump Market - Opportunity Assessment |
9.1 United States (US) Cold Climate Air Source Heat Pump Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 United States (US) Cold Climate Air Source Heat Pump Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 United States (US) Cold Climate Air Source Heat Pump Market Opportunity Assessment, By Operation Type, 2021 & 2031F |
10 United States (US) Cold Climate Air Source Heat Pump Market - Competitive Landscape |
10.1 United States (US) Cold Climate Air Source Heat Pump Market Revenue Share, By Companies, 2024 |
10.2 United States (US) Cold Climate Air Source Heat Pump Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |