Saudi Arabia Heat Pump Market to 2032
Overview
The Saudi Arabia Heat Pump Market is expected to reach a 2,262.81 USD Million by 2032 and is projected to grow at a CAGR of 38.76% from 2025 to 2032.
Revenue, 2024 (USD Million)
490.94
Forecast, 2032 (USD Million)
2,262.81
CAGR, 2024 - 2032
38.76%
Report Coverage
Saudi Arabia
Saudi Arabia Heat Pump Market 2018-2032 USD Million
Saudi Arabia Heat Pump Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 490.94 USD Million
- Projected Market Size (2032): 2,262.81 USD Million
- CAGR (2025-2032): 38.76%
Key Findings of Saudi Arabia Heat Pump Market
- The Saudi Arabia Heat Pump Market was valued at 490.94 USD Million in 2024.
- The Saudi Arabia Heat Pump Market is likely to grow at a CAGR of 38.76% 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 331.73 USD Million
- The fastest growing segment Commercial in Sector Segment grew Fastest with a CAGR of 40.42% during the forecast period from 2024 to 2032.
Saudi Arabia Heat Pump Market Scope
Saudi Arabia Heat Pump Market Segmentation & Scope
Type
- Ductless
- Ducted
Energy Source
- Ground Source
- Air/Air
- Air/Water
Capacity
- Units > 20 KW
- Units < 20KW
Sector
- Industrial
- Commercial
- Residential
Category
- Exhaust Air
- Reversible Others
- Sanitary Hot Water
- H-Ground/Water
- H-Air/Water
- Reversible Air-Air W/Heating
Saudi Arabia Heat Pump Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2019 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 490.94 USD Million |
| Market Value in 2032 | 2,262.81 USD Million |
| CAGR (2025-2032) | 38.76% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Type,Energy Source,Capacity,Sector,Category |
Regional Insights:
-
Leading Market (2024-2032): Saudi Arabia, leading in terms of revenue 490.94 USD Million in 2024
- Key Country: Saudi Arabia, leading in terms of revenue with value of 490.94 USD Million in 2024.
Segments and Scope
-
Saudi Arabia Heat Pump Market to 2032, By Type
- Ducted is the largest segment in Saudi Arabia Heat Pump Market to 2032 with a revenue of 324.15 USD Million in the year 2024.
- Ducted is the Fastest growing segment in Saudi Arabia Heat Pump Market to 2032 with a Growth rate of 39.25 % in forecast period 2025-2032.
-
Saudi Arabia Heat Pump Market to 2032, By Energy Source
- Air/Water is the largest segment in Saudi Arabia Heat Pump Market to 2032 with a revenue of 269.16 USD Million in the year 2024.
- Air/Water is the Fastest growing segment in Saudi Arabia Heat Pump Market to 2032 with a Growth rate of 39.69 % in forecast period 2025-2032.
-
Saudi Arabia Heat Pump Market to 2032, By Capacity
- Units < 20KW is the largest segment in Saudi Arabia Heat Pump Market to 2032 with a revenue of 331.73 USD Million in the year 2024.
- Units > 20 KW is the Fastest growing segment in Saudi Arabia Heat Pump Market to 2032 with a Growth rate of 37.97 % in forecast period 2025-2032.
-
Saudi Arabia Heat Pump Market to 2032, By Sector
- Residential is the largest segment in Saudi Arabia Heat Pump Market to 2032 with a revenue of 258.85 USD Million in the year 2024.
- Commercial is the Fastest growing segment in Saudi Arabia Heat Pump Market to 2032 with a Growth rate of 38.38 % in forecast period 2025-2032.
-
Saudi Arabia Heat Pump Market to 2032, By Category
- Reversible Air-Air W/Heating is the largest segment in Saudi Arabia Heat Pump Market to 2032 with a revenue of 305.53 USD Million in the year 2024.
- Reversible Air-Air W/Heating is the Fastest growing segment in Saudi Arabia Heat Pump Market to 2032 with a Growth rate of 40.42 % in forecast period 2025-2032.
Saudi Arabia Heat Pump Market Company Share Analysis
| Company Name |
|
||
| Mitsubishi Electric Corporation | |||
| Panasonic Corporation | |||
| Danfoss | |||
| NIBE Industrier AB | |||
| Bosch Thermotechnik GmbH | |||
Saudi Arabia Heat Pump Market Geographical Sales Distribution, 2018-2032 USD Million
Saudi Arabia Heat Pump Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Saudi Arabia Heat Pump Market is segmented based on Segmentation Type,Energy Source,Capacity,Sector,Category.
Saudi Arabia Heat Pump Market was valued at USD 490.94(Revenue in USD Million) in 2019.
Saudi Arabia Heat Pump Market is projected to grow at a CAGR of 38.76% during the forecast period of 2024 to 2032.
The Units < 20KW segment is expected to dominate the Saudi Arabia Heat Pump Market, holding a largest market share of 331.73 USD Million in 2024
Saudi Arabia Heat Pump Market Scope
Saudi Arabia Heat Pump Market Segmentation & Scope
Type
- Ductless
- Ducted
Energy Source
- Ground Source
- Air/Air
- Air/Water
Capacity
- Units > 20 KW
- Units < 20KW
Sector
- Industrial
- Commercial
- Residential
Category
- Exhaust Air
- Reversible Others
- Sanitary Hot Water
- H-Ground/Water
- H-Air/Water
- Reversible Air-Air W/Heating
Frequently Asked Questions
The Saudi Arabia Heat Pump Market is segmented based on Segmentation Type,Energy Source,Capacity,Sector,Category.
Saudi Arabia Heat Pump Market was valued at USD 490.94(Revenue in USD Million) in 2019.
Saudi Arabia Heat Pump Market is projected to grow at a CAGR of 38.76% during the forecast period of 2024 to 2032.
The estimated market value of the Saudi Arabia Heat Pump Market for final year is USD 2,262.81 (USD Million).
Saudi Arabia Heat Pump Market Company Profiling
Frequently Asked Questions
The Saudi Arabia Heat Pump Market is segmented based on Segmentation Type,Energy Source,Capacity,Sector,Category.
Saudi Arabia Heat Pump Market was valued at USD 490.94(Revenue in USD Million) in 2019.
Saudi Arabia Heat Pump Market is projected to grow at a CAGR of 38.76% during the forecast period of 2024 to 2032.
The estimated market value of the Saudi Arabia Heat Pump Market for final year is USD 2,262.81 (USD Million).
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