The Market Reports

Synopsis
The global market for Gas-Engine Heat Pump (GHP) was estimated to be worth US$ 777 million in 2024 and is forecast to a readjusted size of US$ 988 million by 2031 with a CAGR of 3.3% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Gas-Engine Heat Pump (GHP) cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Gas Engine-driven Heat Pump (GEHP) or Gas Heat Pumps (GHP) air conditioning systems are used to comfortably heat or cool large spaces. They use gas to fuel the engine that drives the compressor. A gas heat pump is a heating appliance which uses the renewable energy stored in the soil, groundwater or the environment for heating purposes. It then combines this environmental heat with high efficiency gas-fired condensing technology.
What's GHP? An air conditioning system provides both cooling and heating by circulating refrigerant with a compressor (Heat Pump Cycle). The basic system for the heating and cooling cycle is the same as an Electric Heat Pump (EHP). The main difference between GHP and EHP is whether it uses an electric motor or a gas engine to drive the compressor in the outdoor unit, which is often called the heart of the air conditioning system. This difference realizes comfortable cooling and heating in a GHP and is the major feature of a GHP system that offers numerous advantages.
Gas-Engine Heat Pumps (GHP) are hybrid systems that combine a gas-powered internal combustion engine with a heat pump to provide highly efficient heating, cooling, and hot water. They leverage natural gas as a primary energy source while recovering waste heat from the engine to enhance overall efficiency.
​​Key Advantages​​
​​1. High Efficiency​​: Combined Coefficient of Performance (COP) reaches ​​1.8-2.5​​, far exceeding traditional boilers (COP 0.8-0.9).
​​2. Grid Relief​​: Reduces reliance on electricity, easing peak grid demand, ideal for regions with unstable power infrastructure.
​​3. Fuel Flexibility​​: Compatible with natural gas, biogas, or hydrogen blends, supporting low-carbon transitions.
Market Drivers​​
​​1. Policy & Regulations​​
​​Carbon Neutrality Goals​​: GHPs are promoted under clean heating subsidies in China (e.g., "Coal-to-Gas" policy) and the EU’s RePowerEU plan.
​​Stricter Efficiency Standards​​: EU Ecodesign Directive and U.S. DOE regulations phase out low-efficiency boilers, favoring GHPs.
​​2. Economic Benefits​​
​​Lower Operational Costs​​: In gas-rich regions (e.g., North America, Russia), GHPs offer ​​15-25% lower lifecycle costs​​ than electric heat pumps.
​​Peak Electricity Cost Avoidance​​: Ideal for commercial/industrial users facing high peak-time electricity tariffs.
​​3. Technological Innovations​​
​​AI Optimization​​: Japanese manufacturers (e.g., Panasonic) integrate AI to balance engine load and heat pump output dynamically.
​​Hydrogen Readiness​​: Prototype GEHPs (e.g., Viessmann’s Lambda Hybrid) support 20-30% hydrogen blending for future decarbonization.
GHPs are poised for rapid growth in gas-rich, decarbonization-focused markets (e.g., China, Europe). Short-term success depends on policy support to offset costs, while long-term viability hinges on hydrogen compatibility and smart grid integration. For stakeholders, investing in hydrogen-ready technologies and energy-as-a-service (EaaS) models will be critical to capturing this hybrid energy future.
Geographically, Japan is the largest consumption region, which plays a more important role in the world. Europe and China will have some fast development because of the policy and GHP high efficiency.
The global major manufacturers of Gas-Engine Heat Pump (GHP) include Yanmar, AISIN, Panasonic, Daikin, Mitsubishi, LG Electronics, Schwank, Tecogen, Inc., Blue Flame High-tech (Tianjin) and Smart Action etc. In terms of revenue, the global three largest players hold a 90.79% market share of Gas-Engine Heat Pump (GHP) in 2024.
This report aims to provide a comprehensive presentation of the global market for Gas-Engine Heat Pump (GHP), focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Gas-Engine Heat Pump (GHP) by region & country, by Type, and by Application.
The Gas-Engine Heat Pump (GHP) market size, estimations, and forecasts are provided in terms of sales volume (Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Gas-Engine Heat Pump (GHP).
Market Segmentation
By Company
Yanmar
Aisin Seiki
Panasonic
Daikin
Mitsubishi
LG Electronics
Schwank
Tecogen, Inc.
Blue Flame High-tech (Tianjin)
Smart Action
ZKG Energy
Segment by Type
Below 10HP
10-20HP
Above 20HP
Segment by Application
Commercial
Schools & Universities
Industrial & Residential
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Gas-Engine Heat Pump (GHP) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Gas-Engine Heat Pump (GHP) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Gas-Engine Heat Pump (GHP) in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index