Report Detail
Global Gas-Engine Heat Pump (GHP) Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032
- RnM4664330 |
- 19 January, 2026 |
- Global |
- 107 Pages |
- GIR |
- Machinery & Equipment
According to our (Global Info Research) latest study, the global Gas-Engine Heat Pump (GHP) market size was valued at US$ 839 million in 2025 and is forecast to a readjusted size of US$ 1042 million by 2032 with a CAGR of 3.2% during review period.
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 is a detailed and comprehensive analysis for global Gas-Engine Heat Pump (GHP) market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Gas-Engine Heat Pump (GHP) market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2021-2032
Global Gas-Engine Heat Pump (GHP) market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2021-2032
Global Gas-Engine Heat Pump (GHP) market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2021-2032
Global Gas-Engine Heat Pump (GHP) market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (K US$/Unit), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Gas-Engine Heat Pump (GHP)
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Gas-Engine Heat Pump (GHP) market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Yanmar, Aisin Seiki, Panasonic, Daikin, Mitsubishi, LG Electronics, Schwank, Tecogen, Inc., Blue Flame High-tech (Tianjin), Smart Action, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Gas-Engine Heat Pump (GHP) market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Below 10HP
10-20HP
Above 20HP
Market segment by Application
Commercial
Schools & Universities
Industrial & Residential
Major players covered
Yanmar
Aisin Seiki
Panasonic
Daikin
Mitsubishi
LG Electronics
Schwank
Tecogen, Inc.
Blue Flame High-tech (Tianjin)
Smart Action
ZKG Energy
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Gas-Engine Heat Pump (GHP) product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Gas-Engine Heat Pump (GHP), with price, sales quantity, revenue, and global market share of Gas-Engine Heat Pump (GHP) from 2021 to 2026.
Chapter 3, the Gas-Engine Heat Pump (GHP) competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Gas-Engine Heat Pump (GHP) breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Gas-Engine Heat Pump (GHP) market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Gas-Engine Heat Pump (GHP).
Chapter 14 and 15, to describe Gas-Engine Heat Pump (GHP) sales channel, distributors, customers, research findings and conclusion.
1 Market Overview
- 1.1 Product Overview and Scope
- 1.2 Market Estimation Caveats and Base Year
- 1.3 Market Analysis by Type
- 1.3.1 Overview: Global Gas-Engine Heat Pump (GHP) Consumption Value by Type: 2021 Versus 2025 Versus 2032
- 1.3.2 Below 10HP
- 1.3.3 10-20HP
- 1.3.4 Above 20HP
- 1.4 Market Analysis by Application
- 1.4.1 Overview: Global Gas-Engine Heat Pump (GHP) Consumption Value by Application: 2021 Versus 2025 Versus 2032
- 1.4.2 Commercial
- 1.4.3 Schools & Universities
- 1.4.4 Industrial & Residential
- 1.5 Global Gas-Engine Heat Pump (GHP) Market Size & Forecast
- 1.5.1 Global Gas-Engine Heat Pump (GHP) Consumption Value (2021 & 2025 & 2032)
- 1.5.2 Global Gas-Engine Heat Pump (GHP) Sales Quantity (2021-2032)
- 1.5.3 Global Gas-Engine Heat Pump (GHP) Average Price (2021-2032)
2 Manufacturers Profiles
- 2.1 Yanmar
- 2.1.1 Yanmar Details
- 2.1.2 Yanmar Major Business
- 2.1.3 Yanmar Gas-Engine Heat Pump (GHP) Product and Services
- 2.1.4 Yanmar Gas-Engine Heat Pump (GHP) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
- 2.1.5 Yanmar Recent Developments/Updates
- 2.2 Aisin Seiki
- 2.2.1 Aisin Seiki Details
- 2.2.2 Aisin Seiki Major Business
- 2.2.3 Aisin Seiki Gas-Engine Heat Pump (GHP) Product and Services
- 2.2.4 Aisin Seiki Gas-Engine Heat Pump (GHP) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
- 2.2.5 Aisin Seiki Recent Developments/Updates
- 2.3 Panasonic
- 2.3.1 Panasonic Details
- 2.3.2 Panasonic Major Business
- 2.3.3 Panasonic Gas-Engine Heat Pump (GHP) Product and Services
- 2.3.4 Panasonic Gas-Engine Heat Pump (GHP) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
- 2.3.5 Panasonic Recent Developments/Updates
- 2.4 Daikin
- 2.4.1 Daikin Details
- 2.4.2 Daikin Major Business
- 2.4.3 Daikin Gas-Engine Heat Pump (GHP) Product and Services
- 2.4.4 Daikin Gas-Engine Heat Pump (GHP) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
- 2.4.5 Daikin Recent Developments/Updates
- 2.5 Mitsubishi
- 2.5.1 Mitsubishi Details
- 2.5.2 Mitsubishi Major Business
- 2.5.3 Mitsubishi Gas-Engine Heat Pump (GHP) Product and Services
- 2.5.4 Mitsubishi Gas-Engine Heat Pump (GHP) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
- 2.5.5 Mitsubishi Recent Developments/Updates
- 2.6 LG Electronics
- 2.6.1 LG Electronics Details
- 2.6.2 LG Electronics Major Business
- 2.6.3 LG Electronics Gas-Engine Heat Pump (GHP) Product and Services
- 2.6.4 LG Electronics Gas-Engine Heat Pump (GHP) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
- 2.6.5 LG Electronics Recent Developments/Updates
- 2.7 Schwank
- 2.7.1 Schwank Details
- 2.7.2 Schwank Major Business
- 2.7.3 Schwank Gas-Engine Heat Pump (GHP) Product and Services
- 2.7.4 Schwank Gas-Engine Heat Pump (GHP) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
- 2.7.5 Schwank Recent Developments/Updates
- 2.8 Tecogen, Inc.
- 2.8.1 Tecogen, Inc. Details
- 2.8.2 Tecogen, Inc. Major Business
- 2.8.3 Tecogen, Inc. Gas-Engine Heat Pump (GHP) Product and Services
- 2.8.4 Tecogen, Inc. Gas-Engine Heat Pump (GHP) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
- 2.8.5 Tecogen, Inc. Recent Developments/Updates
- 2.9 Blue Flame High-tech (Tianjin)
- 2.9.1 Blue Flame High-tech (Tianjin) Details
- 2.9.2 Blue Flame High-tech (Tianjin) Major Business
- 2.9.3 Blue Flame High-tech (Tianjin) Gas-Engine Heat Pump (GHP) Product and Services
- 2.9.4 Blue Flame High-tech (Tianjin) Gas-Engine Heat Pump (GHP) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
- 2.9.5 Blue Flame High-tech (Tianjin) Recent Developments/Updates
- 2.10 Smart Action
- 2.10.1 Smart Action Details
- 2.10.2 Smart Action Major Business
- 2.10.3 Smart Action Gas-Engine Heat Pump (GHP) Product and Services
- 2.10.4 Smart Action Gas-Engine Heat Pump (GHP) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
- 2.10.5 Smart Action Recent Developments/Updates
- 2.11 ZKG Energy
- 2.11.1 ZKG Energy Details
- 2.11.2 ZKG Energy Major Business
- 2.11.3 ZKG Energy Gas-Engine Heat Pump (GHP) Product and Services
- 2.11.4 ZKG Energy Gas-Engine Heat Pump (GHP) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
- 2.11.5 ZKG Energy Recent Developments/Updates
3 Competitive Environment: Gas-Engine Heat Pump (GHP) by Manufacturer
- 3.1 Global Gas-Engine Heat Pump (GHP) Sales Quantity by Manufacturer (2021-2026)
- 3.2 Global Gas-Engine Heat Pump (GHP) Revenue by Manufacturer (2021-2026)
- 3.3 Global Gas-Engine Heat Pump (GHP) Average Price by Manufacturer (2021-2026)
- 3.4 Market Share Analysis (2025)
- 3.4.1 Producer Shipments of Gas-Engine Heat Pump (GHP) by Manufacturer Revenue ($MM) and Market Share (%): 2025
- 3.4.2 Top 3 Gas-Engine Heat Pump (GHP) Manufacturer Market Share in 2025
- 3.4.3 Top 6 Gas-Engine Heat Pump (GHP) Manufacturer Market Share in 2025
- 3.5 Gas-Engine Heat Pump (GHP) Market: Overall Company Footprint Analysis
- 3.5.1 Gas-Engine Heat Pump (GHP) Market: Region Footprint
- 3.5.2 Gas-Engine Heat Pump (GHP) Market: Company Product Type Footprint
- 3.5.3 Gas-Engine Heat Pump (GHP) Market: Company Product Application Footprint
- 3.6 New Market Entrants and Barriers to Market Entry
- 3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
- 4.1 Global Gas-Engine Heat Pump (GHP) Market Size by Region
- 4.1.1 Global Gas-Engine Heat Pump (GHP) Sales Quantity by Region (2021-2032)
- 4.1.2 Global Gas-Engine Heat Pump (GHP) Consumption Value by Region (2021-2032)
- 4.1.3 Global Gas-Engine Heat Pump (GHP) Average Price by Region (2021-2032)
- 4.2 North America Gas-Engine Heat Pump (GHP) Consumption Value (2021-2032)
- 4.3 Europe Gas-Engine Heat Pump (GHP) Consumption Value (2021-2032)
- 4.4 Asia-Pacific Gas-Engine Heat Pump (GHP) Consumption Value (2021-2032)
- 4.5 South America Gas-Engine Heat Pump (GHP) Consumption Value (2021-2032)
- 4.6 Middle East & Africa Gas-Engine Heat Pump (GHP) Consumption Value (2021-2032)
5 Market Segment by Type
- 5.1 Global Gas-Engine Heat Pump (GHP) Sales Quantity by Type (2021-2032)
- 5.2 Global Gas-Engine Heat Pump (GHP) Consumption Value by Type (2021-2032)
- 5.3 Global Gas-Engine Heat Pump (GHP) Average Price by Type (2021-2032)
6 Market Segment by Application
- 6.1 Global Gas-Engine Heat Pump (GHP) Sales Quantity by Application (2021-2032)
- 6.2 Global Gas-Engine Heat Pump (GHP) Consumption Value by Application (2021-2032)
- 6.3 Global Gas-Engine Heat Pump (GHP) Average Price by Application (2021-2032)
7 North America
- 7.1 North America Gas-Engine Heat Pump (GHP) Sales Quantity by Type (2021-2032)
- 7.2 North America Gas-Engine Heat Pump (GHP) Sales Quantity by Application (2021-2032)
- 7.3 North America Gas-Engine Heat Pump (GHP) Market Size by Country
- 7.3.1 North America Gas-Engine Heat Pump (GHP) Sales Quantity by Country (2021-2032)
- 7.3.2 North America Gas-Engine Heat Pump (GHP) Consumption Value by Country (2021-2032)
- 7.3.3 United States Market Size and Forecast (2021-2032)
- 7.3.4 Canada Market Size and Forecast (2021-2032)
- 7.3.5 Mexico Market Size and Forecast (2021-2032)
8 Europe
- 8.1 Europe Gas-Engine Heat Pump (GHP) Sales Quantity by Type (2021-2032)
- 8.2 Europe Gas-Engine Heat Pump (GHP) Sales Quantity by Application (2021-2032)
- 8.3 Europe Gas-Engine Heat Pump (GHP) Market Size by Country
- 8.3.1 Europe Gas-Engine Heat Pump (GHP) Sales Quantity by Country (2021-2032)
- 8.3.2 Europe Gas-Engine Heat Pump (GHP) Consumption Value by Country (2021-2032)
- 8.3.3 Germany Market Size and Forecast (2021-2032)
- 8.3.4 France Market Size and Forecast (2021-2032)
- 8.3.5 United Kingdom Market Size and Forecast (2021-2032)
- 8.3.6 Russia Market Size and Forecast (2021-2032)
- 8.3.7 Italy Market Size and Forecast (2021-2032)
9 Asia-Pacific
- 9.1 Asia-Pacific Gas-Engine Heat Pump (GHP) Sales Quantity by Type (2021-2032)
- 9.2 Asia-Pacific Gas-Engine Heat Pump (GHP) Sales Quantity by Application (2021-2032)
- 9.3 Asia-Pacific Gas-Engine Heat Pump (GHP) Market Size by Region
- 9.3.1 Asia-Pacific Gas-Engine Heat Pump (GHP) Sales Quantity by Region (2021-2032)
- 9.3.2 Asia-Pacific Gas-Engine Heat Pump (GHP) Consumption Value by Region (2021-2032)
- 9.3.3 China Market Size and Forecast (2021-2032)
- 9.3.4 Japan Market Size and Forecast (2021-2032)
- 9.3.5 South Korea Market Size and Forecast (2021-2032)
- 9.3.6 India Market Size and Forecast (2021-2032)
- 9.3.7 Southeast Asia Market Size and Forecast (2021-2032)
- 9.3.8 Australia Market Size and Forecast (2021-2032)
10 South America
- 10.1 South America Gas-Engine Heat Pump (GHP) Sales Quantity by Type (2021-2032)
- 10.2 South America Gas-Engine Heat Pump (GHP) Sales Quantity by Application (2021-2032)
- 10.3 South America Gas-Engine Heat Pump (GHP) Market Size by Country
- 10.3.1 South America Gas-Engine Heat Pump (GHP) Sales Quantity by Country (2021-2032)
- 10.3.2 South America Gas-Engine Heat Pump (GHP) Consumption Value by Country (2021-2032)
- 10.3.3 Brazil Market Size and Forecast (2021-2032)
- 10.3.4 Argentina Market Size and Forecast (2021-2032)
11 Middle East & Africa
- 11.1 Middle East & Africa Gas-Engine Heat Pump (GHP) Sales Quantity by Type (2021-2032)
- 11.2 Middle East & Africa Gas-Engine Heat Pump (GHP) Sales Quantity by Application (2021-2032)
- 11.3 Middle East & Africa Gas-Engine Heat Pump (GHP) Market Size by Country
- 11.3.1 Middle East & Africa Gas-Engine Heat Pump (GHP) Sales Quantity by Country (2021-2032)
- 11.3.2 Middle East & Africa Gas-Engine Heat Pump (GHP) Consumption Value by Country (2021-2032)
- 11.3.3 Turkey Market Size and Forecast (2021-2032)
- 11.3.4 Egypt Market Size and Forecast (2021-2032)
- 11.3.5 Saudi Arabia Market Size and Forecast (2021-2032)
- 11.3.6 South Africa Market Size and Forecast (2021-2032)
12 Market Dynamics
- 12.1 Gas-Engine Heat Pump (GHP) Market Drivers
- 12.2 Gas-Engine Heat Pump (GHP) Market Restraints
- 12.3 Gas-Engine Heat Pump (GHP) Trends Analysis
- 12.4 Porters Five Forces Analysis
- 12.4.1 Threat of New Entrants
- 12.4.2 Bargaining Power of Suppliers
- 12.4.3 Bargaining Power of Buyers
- 12.4.4 Threat of Substitutes
- 12.4.5 Competitive Rivalry
13 Raw Material and Industry Chain
- 13.1 Raw Material of Gas-Engine Heat Pump (GHP) and Key Manufacturers
- 13.2 Manufacturing Costs Percentage of Gas-Engine Heat Pump (GHP)
- 13.3 Gas-Engine Heat Pump (GHP) Production Process
- 13.4 Industry Value Chain Analysis
14 Shipments by Distribution Channel
- 14.1 Sales Channel
- 14.1.1 Direct to End-User
- 14.1.2 Distributors
- 14.2 Gas-Engine Heat Pump (GHP) Typical Distributors
- 14.3 Gas-Engine Heat Pump (GHP) Typical Customers
15 Research Findings and Conclusion
16 Appendix
- 16.1 Methodology
- 16.2 Research Process and Data Source
Summary:
Get latest Market Research Reports on Gas-Engine Heat Pump (GHP). Industry analysis & Market Report on Gas-Engine Heat Pump (GHP) is a syndicated market report, published as Global Gas-Engine Heat Pump (GHP) Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Gas-Engine Heat Pump (GHP) market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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