COMPETITIVE LANDSCAPE
The competitive landscape in heat pumps remained fragmented in 2025, with Haier Group, Trane Technologies plc, and LG Electronics USA the leading manufacturers in 2025, but together only accounting for 20% of retail volume sales. These companies maintained strong positions due to early adoption and continuous innovation.
Dandelion Energy simplifies geothermal installation with direct consumer model
Geothermal companies like Dandelion Energy are focused on scaling their operations by simplifying installation. In 2025, Dandelion launched a new geothermal lease programme and partnered with homebuilders like Lennar to expand accessibility.
Jetson Home disrupts the installation model with integrated heat pump platform
Alongside consolidation, significant innovation comes from new business models. Notably, Jetson Home launched its vertically integrated Jetson Air platform in September 2025, which combines the design, sale, and installation of its own heat pump system.
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Overview:
Understand the latest market trends and future growth opportunities for the Heat Pumps industry in USA with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Heat Pumps industry in USA, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Heat Pumps in USA report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Heat Pumps in USA?
- Which are the leading brands in USA?
- How are products distributed in USA?
- To what extent has COVID-19 and accordant macroeconomic and retail disruption impacted demand?
- How are considerations such as urban development and the rise in single-person households determining sales growth?
- Where is future growth expected to be most dynamic?
Heat Pumps in the US - Category analysis
KEY DATA FINDINGS
Air to water heat pumps dominates through affordability and eco-conscious appeal
Heat pumps gains share from HVAC systems through incentives and affordability
Lennox technology improves performance in colder climates
Consumers choose air to water heat pumps to reduce bills and environmental impact
Demographic trends and rising incomes expected to support growth moving forward
Sustainability and savings to drive preference for air to water heat pumps
Tax credits boost appeal of energy efficient heat pumps
Dandelion Energy simplifies geothermal installation with direct consumer model
Jetson Home disrupts the installation model with integrated heat pump platform
Technical complexity makes installation via professional contractors preferred
Retail e-commerce supported by DIY sales and wide product selection
Lower GWP refrigerant enhances Daikin’s cold weather performance
Lennox launch addresses concerns about heat pump performance in sub-zero temperatures
Consumer Appliances in the US - Industry Overview
Economic pressures reshape consumer appliances in the US
Tariffs and consumer behaviour shape market dynamics
Economic pressures drive product segmentation
Continued demand for refrigeration appliances despite decline
Economic pressures and rising price sensitivity will reshape purchasing patterns
Consumers replace rather than repair appliances as durability declines
Rising energy efficiency drives stronger competition between heat pumps and air conditioners
Leading brands maintain positions through diversified portfolios
Emerging players and innovation drive market dynamics
E-commerce gains share as consumers prioritise convenience
Specialists appreciated for in-store advice
Small appliances thrive in e-commerce with diverse offerings
Multifunctionality and compact design drive innovation
Health and wellness focus influences product development
COUNTRY REPORTS DISCLAIMER
The following categories and subcategories are included:
Heat Pumps
- Air to Water Heat Pumps
- Ground Source Heat Pumps
- Other Heat Pumps
Heat Pumps
Includes Air to Water Heat Pumps, Ground Source Heat Pumps and Other Heat Pumps.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Heat Pumps research and analysis database.
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