South Africa Heat Pump Market to 2032
Overview
The South Africa Heat Pump Market is expected to reach a 1,257.82 USD Million by 2032 and is projected to grow at a CAGR of 36.89% from 2025 to 2032.
Revenue, 2024 (USD Million)
290.59
Forecast, 2032 (USD Million)
1,257.82
CAGR, 2024 - 2032
36.89%
Report Coverage
South Africa
South Africa Heat Pump Market 2018-2032 USD Million
South Africa Heat Pump Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 290.59 USD Million
- Projected Market Size (2032): 1,257.82 USD Million
- CAGR (2025-2032): 36.89%
Key Findings of South Africa Heat Pump Market
- The South Africa Heat Pump Market was valued at 290.59 USD Million in 2024.
- The South Africa Heat Pump Market is likely to grow at a CAGR of 36.89% 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 228.48 USD Million
- The fastest growing segment Commercial in Sector Segment grew Fastest with a CAGR of 38.53% during the forecast period from 2024 to 2032.
South Africa Heat Pump Market Scope
South Africa Heat Pump Market Segmentation & Scope
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
Energy Source
- Ground Source
- Air/Air
- Air/Water
Type
- Ductless
- Ducted
South Africa Heat Pump Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2019 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 290.59 USD Million |
| Market Value in 2032 | 1,257.82 USD Million |
| CAGR (2025-2032) | 36.89% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Capacity,Sector,Category,Energy Source,Type |
Regional Insights:
-
Leading Market (2024-2032): South Africa, leading in terms of revenue 290.59 USD Million in 2024
- Key Country: South Africa, leading in terms of revenue with value of 290.59 USD Million in 2024.
Segments and Scope
-
South Africa Heat Pump Market to 2032, By Capacity
- Units < 20KW is the largest segment in South Africa Heat Pump Market to 2032 with a revenue of 228.48 USD Million in the year 2024.
- Units > 20 KW is the Fastest growing segment in South Africa Heat Pump Market to 2032 with a Growth rate of 36.45 % in forecast period 2025-2032.
-
South Africa Heat Pump Market to 2032, By Sector
- Residential is the largest segment in South Africa Heat Pump Market to 2032 with a revenue of 156.71 USD Million in the year 2024.
- Commercial is the Fastest growing segment in South Africa Heat Pump Market to 2032 with a Growth rate of 36.53 % in forecast period 2025-2032.
-
South Africa Heat Pump Market to 2032, By Category
- Reversible Air-Air W/Heating is the largest segment in South Africa Heat Pump Market to 2032 with a revenue of 188.01 USD Million in the year 2024.
- Reversible Air-Air W/Heating is the Fastest growing segment in South Africa Heat Pump Market to 2032 with a Growth rate of 38.32 % in forecast period 2025-2032.
-
South Africa Heat Pump Market to 2032, By Energy Source
- Air/Water is the largest segment in South Africa Heat Pump Market to 2032 with a revenue of 162.64 USD Million in the year 2024.
- Air/Water is the Fastest growing segment in South Africa Heat Pump Market to 2032 with a Growth rate of 37.75 % in forecast period 2025-2032.
-
South Africa Heat Pump Market to 2032, By Type
- Ducted is the largest segment in South Africa Heat Pump Market to 2032 with a revenue of 193.57 USD Million in the year 2024.
- Ducted is the Fastest growing segment in South Africa Heat Pump Market to 2032 with a Growth rate of 37.36 % in forecast period 2025-2032.
South Africa Heat Pump Market Company Share Analysis
| Company Name |
|
||
| Mitsubishi Electric Corporation | |||
| Panasonic Corporation | |||
| Danfoss | |||
| NIBE Industrier AB | |||
| Bosch Thermotechnik GmbH | |||
South Africa Heat Pump Market Geographical Sales Distribution, 2018-2032 USD Million
South Africa Heat Pump Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Africa Heat Pump Market is segmented based on Segmentation Capacity,Sector,Category,Energy Source,Type.
South Africa Heat Pump Market was valued at USD 290.59(Revenue in USD Million) in 2019.
South Africa Heat Pump Market is projected to grow at a CAGR of 36.89% during the forecast period of 2024 to 2032.
The Units < 20KW segment is expected to dominate the South Africa Heat Pump Market, holding a largest market share of 228.48 USD Million in 2024
South Africa Heat Pump Market Scope
South Africa Heat Pump Market Segmentation & Scope
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
Energy Source
- Ground Source
- Air/Air
- Air/Water
Type
- Ductless
- Ducted
Frequently Asked Questions
The South Africa Heat Pump Market is segmented based on Segmentation Capacity,Sector,Category,Energy Source,Type.
South Africa Heat Pump Market was valued at USD 290.59(Revenue in USD Million) in 2019.
South Africa Heat Pump Market is projected to grow at a CAGR of 36.89% during the forecast period of 2024 to 2032.
The estimated market value of the South Africa Heat Pump Market for final year is USD 1,257.82 (USD Million).
South Africa Heat Pump Market Company Profiling
Frequently Asked Questions
The South Africa Heat Pump Market is segmented based on Segmentation Capacity,Sector,Category,Energy Source,Type.
South Africa Heat Pump Market was valued at USD 290.59(Revenue in USD Million) in 2019.
South Africa Heat Pump Market is projected to grow at a CAGR of 36.89% during the forecast period of 2024 to 2032.
The estimated market value of the South Africa Heat Pump Market for final year is USD 1,257.82 (USD Million).
HAVE A QUESTION?
Get expert advice on the right strategy for your business at no cost. We also offer customized subscription plans and affordable discounts for startups and universities.