Middle East & Africa Heat Pump Market to 2032

Q: What will be the market value of the Middle East & Africa Heat Pump Market?

The estimated market value of the Middle East & Africa Heat Pump Market for final year is USD 6.86 (USD Billion).

Overview

The Middle East & Africa Heat Pump Market is expected to reach a 6.86 USD Billion by 2032 and is projected to grow at a CAGR of 37.83% from 2025 to 2032.

Revenue, 2024 (USD Billion)

1.53

Forecast, 2032 (USD Billion)

6.86

CAGR, 2024 - 2032

37.83%

Report Coverage

Middle East & Africa

Middle East & Africa Heat Pump Market 2018-2032 USD Billion

Middle East & Africa Heat Pump Market, Key Findings (2025-2032)

Market Growth and Projections:

Market Size (2024): 1.53 USD Billion
Projected Market Size (2032): 6.86 USD Billion
CAGR (2025-2032): 37.83%

Key Findings of Middle East & Africa Heat Pump Market

The Middle East & Africa Heat Pump Market was valued at 1.53 USD Billion in 2024.
The Middle East & Africa Heat Pump Market is likely to grow at a CAGR of 37.83% during the forecast period of 2024 to 2032.
In 2024, the Largest segment Units < 20KW in Capacity Segment accounted for the largest share of the market with a revenue of 1.15 USD Billion
The fastest growing segment Units > 20 KW in Capacity Segment grew Fastest with a CAGR of 39.64% during the forecast period from 2024 to 2032.

Middle East & Africa Heat Pump Market Scope

Middle East & Africa Heat Pump Market Segmentation & Scope

Middle East & Africa Heat Pump Market Data Coverage Insights

Study Period	2024-2032
Base Year	2019
Unit	Revenue in USD Billion
Market Value in 2024	1.53 USD Billion
Market Value in 2032	6.86 USD Billion
CAGR (2025-2032)	37.83%
Historic Data	2016-2023
Market Segments Covered	Category,Energy Source,Type,Sector,Capacity

Regional Insights:

Leading Market (2024-2032): Middle East & Africa, leading in terms of revenue 1.53 USD Billion in 2024
- Key Country: Saudi Arabia, leading in terms of revenue with value of 490.94 USD Million in 2024.

Segments and Scope

Middle East & Africa Heat Pump Market to 2032, By Category
- Reversible Air-Air W/Heating is the largest segment in Middle East & Africa Heat Pump Market to 2032 with a revenue of 981.14 USD Billion in the year 2024.
- Reversible Air-Air W/Heating is the Fastest growing segment in Middle East & Africa Heat Pump Market to 2032 with a Growth rate of 39.30 % in forecast period 2025-2032.
Middle East & Africa Heat Pump Market to 2032, By Energy Source
- Air/Water is the largest segment in Middle East & Africa Heat Pump Market to 2032 with a revenue of 853.59 USD Billion in the year 2024.
- Air/Water is the Fastest growing segment in Middle East & Africa Heat Pump Market to 2032 with a Growth rate of 38.69 % in forecast period 2025-2032.
Middle East & Africa Heat Pump Market to 2032, By Type
- Ducted is the largest segment in Middle East & Africa Heat Pump Market to 2032 with a revenue of 1.02 USD Billion in the year 2024.
- Ducted is the Fastest growing segment in Middle East & Africa Heat Pump Market to 2032 with a Growth rate of 38.30 % in forecast period 2025-2032.
Middle East & Africa Heat Pump Market to 2032, By Sector
- Residential is the largest segment in Middle East & Africa Heat Pump Market to 2032 with a revenue of 822.02 USD Billion in the year 2024.
- Commercial is the Fastest growing segment in Middle East & Africa Heat Pump Market to 2032 with a Growth rate of 37.45 % in forecast period 2025-2032.
Middle East & Africa Heat Pump Market to 2032, By Capacity
- Units < 20KW is the largest segment in Middle East & Africa Heat Pump Market to 2032 with a revenue of 1.15 USD Billion in the year 2024.
- Units > 20 KW is the Fastest growing segment in Middle East & Africa Heat Pump Market to 2032 with a Growth rate of 37.24 % in forecast period 2025-2032.

Middle East & Africa Heat Pump Market Company Share Analysis

Company Name
Mitsubishi Electric Corporation
Panasonic Corporation
Danfoss
NIBE Industrier AB
Bosch Thermotechnik GmbH

Middle East & Africa Heat Pump Market Geographical Sales Distribution, 2018-2032 USD Billion

Middle East & Africa Heat Pump Market Company Profiling

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Frequently Asked Questions

What are the primary segments covered in the Middle East & Africa Heat Pump Market?

The Middle East & Africa Heat Pump Market is segmented based on Segmentation Category,Energy Source,Type,Sector,Capacity.

What is the current market size of the Middle East & Africa Heat Pump Market?

Middle East & Africa Heat Pump Market was valued at USD 1.53(Revenue in USD Billion) in 2019.

What is the expected growth rate of the Middle East & Africa Heat Pump Market?

Middle East & Africa Heat Pump Market is projected to grow at a CAGR of 37.83% during the forecast period of 2024 to 2032.

Which is the dominating segment in the Middle East & Africa Heat Pump Market?

The Units < 20KW segment is expected to dominate the Middle East & Africa Heat Pump Market, holding a largest market share of 1.15 USD Billion in 2024