PART 01: EXECUTIVE SUMMARY PART 02: SCOPE OF THE REPORT PART 03: RESEARCH METHODOLOGY PART 04: MARKET LANDSCAPE • Market ecosystem • Market characteristics • Market segmentation analysis PART 05: MARKET SIZING • Market definition • Market sizing 2017 • Market size and forecast 2017-2022 PART 06: FIVE FORCES ANALYSIS • Bargaining power of buyers • Bargaining power of suppliers • Threat of new entrants • Threat of substitutes • Threat of rivalry • Market condition PART 07: MARKET SEGMENTATION BY PRODUCT • Segmentation by product • Comparison by product • ASHP – Market size and forecast 2017-2022 • GSHP – Market size and forecast 2017-2022 • EAHP – Market size and forecast 2017-2022 • Market opportunity by product PART 08: CUSTOMER LANDSCAPE PART 09: REGIONAL LANDSCAPE • Geographical segmentation • Regional comparison • EMEA – Market size and forecast 2017-2022 • Americas – Market size and forecast 2017-2022 • APAC – Market size and forecast 2017-2022 • Key leading countries • Market opportunity PART 10: DECISION FRAMEWORK PART 11: DRIVERS AND CHALLENGES • Market drivers • Market challenges PART 12: MARKET TRENDS • Increased adoption of solar-powered heat pumps • Policies supporting the growth of renewable power • Advent of smart heat pumps PART 13: VENDOR LANDSCAPE • Overview • Landscape disruption • Competitive landscape PART 14: VENDOR ANALYSIS • Vendors covered • Vendor classification • Market positioning of vendors • DAIKIN INDUSTRIES • Mitsubishi Electric • NIBE • Robert Bosch • United Technologies (Carrier) PART 15: APPENDIX • List of abbreviations Exhibit 01: Related market Exhibit 02: Market characteristics Exhibit 03: Market segments Exhibit 04: Market definition – Inclusions and exclusions checklist Exhibit 05: Market size 2017 Exhibit 06: Validation techniques employed for market sizing 2017 Exhibit 07: Global heat pump market – Market size and forecast 2017-2022 ($ bn) Exhibit 08: Global heat pump market – Year-over-year growth 2018-2022 (%) Exhibit 09: Five forces analysis 2017 Exhibit 10: Five forces analysis 2022 Exhibit 11: Bargaining power of buyers Exhibit 12: Bargaining power of suppliers Exhibit 13: Threat of new entrants Exhibit 14: Threat of substitutes Exhibit 15: Threat of rivalry Exhibit 16: Market condition – Five forces 2017 Exhibit 17: Product – Market share 2017-2022 (%) Exhibit 18: Comparison by product Exhibit 19: ASHP – Market size and forecast 2017-2022 ($ bn) Exhibit 20: ASHP – Year-over-year growth 2018-2022 (%) Exhibit 21: GSHP – Market size and forecast 2017-2022 ($ bn) Exhibit 22: GSHP – Year-over-year growth 2018-2022 (%) Exhibit 23: Key differences between ASHP and GSHP Exhibit 24: EAHP – Market size and forecast 2017-2022 ($ bn) Exhibit 25: EAHP – Year-over-year growth 2018-2022 (%) Exhibit 26: Market opportunity by product Exhibit 27: Customer landscape Exhibit 28: Global heat pump market – Market share by geography 2017-2022 (%) Exhibit 29: Regional comparison Exhibit 30: EMEA – Market size and forecast 2017-2022 ($ bn) Exhibit 31: EMEA – Year-over-year growth 2018-2022 (%) Exhibit 32: Americas – Market size and forecast 2017-2022 ($ bn) Exhibit 33: Americas – Year-over-year growth 2018-2022 (%) Exhibit 34: APAC – Market size and forecast 2017-2022 ($ bn) Exhibit 35: APAC – Year-over-year growth 2018-2022 (%) Exhibit 36: Key leading countries Exhibit 37: Market opportunity Exhibit 38: Some of the key HTHP products offered by vendors Exhibit 39: Impact of market trends Exhibit 40: Vendor landscape Exhibit 41: Landscape disruption Exhibit 42: Vendors covered Exhibit 43: Vendor classification Exhibit 44: Market positioning of vendors Exhibit 45: DAIKIN INDUSTRIES overview Exhibit 46: DAIKIN INDUSTRIES – Business segments Exhibit 47: DAIKIN INDUSTRIES – Organizational developments Exhibit 48: DAIKIN INDUSTRIES – Geographic focus Exhibit 49: DAIKIN INDUSTRIES – Segment focus Exhibit 50: DAIKIN INDUSTRIES – Key offerings Exhibit 51: Mitsubishi Electric overview Exhibit 52: Mitsubishi Electric – Business segments Exhibit 53: Mitsubishi Electric – Organizational developments Exhibit 54: Mitsubishi Electric – Geographic focus Exhibit 55: Mitsubishi Electric – Segment focus Exhibit 56: Mitsubishi Electric – Key offerings Exhibit 57: NIBE overview Exhibit 58: NIBE – Business segments Exhibit 59: NIBE – Organizational developments Exhibit 60: NIBE – Geographic focus Exhibit 61: NIBE – Segment focus Exhibit 62: NIBE – Key offerings Exhibit 63: Robert Bosch overview Exhibit 64: Robert Bosch – Business segments Exhibit 65: Robert Bosch – Organizational developments Exhibit 66: Robert Bosch – Geographic focus Exhibit 67: Robert Bosch – Segment focus Exhibit 68: Robert Bosch – Key offerings Exhibit 69: United Technologies (Carrier) overview Exhibit 70: United Technologies (Carrier) – Business segments Exhibit 71: United Technologies (Carrier) – Organizational developments Exhibit 72: United Technologies (Carrier) – Geographic focus Exhibit 73: United Technologies (Carrier) – Segment focus Exhibit 74: United Technologies (Carrier) – Key offerings

DAIKIN INDUSTRIES Mitsubishi Electric NIBE Robert Bosch United Technologies (Carrier)