인도네시아의 히트펌프 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the indonesia heat pump market size is projected to be USD 1.02 billion in 2025, USD 1.09 billion in 2026, and reach USD 1.46 billion by 2031, growing at a CAGR of 6.02% from 2026 to 2031.

This report is Segmented by Source Type (Air Source, Water Source, and More), Technology (Air-To-Air, Air-To-Water, and More), Capacity (Below 10 KW, 10-50 KW, and More), Application (Space Heating, Space Cooling, and More), End User (Residential, Commercial, and Industrial), Installation (New Installation, and Retrofit), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

Indonesia Heat Pump Market Trends and Insights

Implementation of Government Incentives for Heat Pump Adoption

Revised Energy Conservation rules lower mandatory energy-management thresholds, bringing a broader mix of factories, malls, and hotels under audit requirements that now emphasize heat-pump retrofits over resistance heaters. Blended-finance from the Green Climate Fund adds USD 105 million of concessional capital and USD 142.7 million of co-financing, trimming project risk for banks that previously hesitated to lend against energy-savings cash flows. The Indonesia heat pump market gains directly because audits identify hot-water, laundry, and process-heat loads where paybacks now fall under five years. Penalties for non-compliance also drive management teams to invest before enforcement actions escalate. The main drag is the limited pool of accredited energy-service companies, but the framework proves bankable use cases that other lenders will replicate.

Rapid Urbanization and Rising Construction of Energy Efficient Buildings

Buildings already absorb 23% of Indonesia's final energy use and could touch 40% by 2030 if efficiency lags. The Jakarta Green Growth forum in April 2025 secured 165 voluntary commitments from property owners to cut emissions 10%, signaling stronger market pull for certified HVAC upgrades. Minimum Energy Performance Standards for lighting and air conditioning promise savings equal to IDR 1.9 trillion (USD 121 million) per year and prevent 84 million tons of CO2 by 2030, so capital-markets pressure on developers is intensifying. National programs to build or retrofit one million green homes by 2030 mandate efficient hot-water solutions, inserting the Indonesia heat pump market into housing policy. Enforcement gaps persist, only 1.45% of buildings met energy-management standards in 2025, but the medium-term signal is clear and supports long-run demand growth.

High Initial Installation Cost and Limited Financing Options

Heat-pump water heaters still cost roughly ten times electric tanks, and most commercial loans top out at seven-year tenors with 7-12% interest rates, suppressing uptake among cash-constrained buyers. Only about 25 active energy-service companies existed nationwide in 2024, limiting project aggregation and performance-contracting solutions that could offset high capex. Banks rarely accept energy-savings cash flows as collateral, so the Indonesia heat pump market relies on donor-supported programs like Energy Savings Insurance and UOB's U-Energy platform that guarantee performance and front capital. These schemes are promising but remain small relative to nationwide demand, so cost barriers will persist in the near term.

Other drivers and restraints analyzed in the detailed report include:

1. Declining Upfront Costs and Higher Seasonal Performance of Inverter Based Units
2. Increasing Electricity Access and Grid Reliability
3. Shortage of Skilled Heat Pump Technicians

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Air-source heat pumps delivered 46.78% of market value in 2025, demonstrating the Indonesia heat pump market share lead of a technology that balances moderate tropical temperature swings with relatively simple installation. Institutional pilots at Universitas Gadjah Mada and PT Geoenergis point to a 7.31% annual growth runway for ground-source units that tap Indonesia's estimated 23,766 MW shallow geothermal resource. Two horizontal-loop demonstrations recorded coefficients of performance near four, saving 21-45% electricity over split ACs.

Air-source equipment keeps its large installed base because distributors stock spare parts nationwide and permits are minimal. Yet government energy-audit mandates favor lifecycle cost metrics, tilting future public procurements toward ground loops in hospitals and universities. Water-source and hybrid solutions stay niche, limited by available ponds or high control complexity. With regulators considering carbon pricing, deep reductions may outweigh first-cost hurdles, making ground-source momentum structurally durable inside the Indonesia heat pump market.

Air-to-water configurations earned 42.59% of 2025 revenue, illustrating how hotel, hospital, and apartment operators value a package that dovetails with existing hydronic lines. Variable refrigerant flow upgrades in hotels raised cooling energy efficiency ratios to 5.40, further validating inverter compressor advantages. Ground-to-water systems mirror overall ground-source tailwinds, clocking a 7.03% forecast CAGR that is poised to outstrip other formats.

Air-to-air heat pumps contend with the deeply entrenched split-AC culture for cooling, which still dominates consumer mindshare despite higher operating costs. Water-to-water and hybrid solar-thermal or biomass couplings remain confined to industrial estates with specialized engineering staff. As building codes tighten, architects specify hydronic loops that future-proof properties, sustaining air-to-water leadership inside the broader Indonesia heat pump market size narrative.

List of Companies Covered in this Report:

1. Daikin Industries, Ltd.
2. Mitsubishi Electric Corp.
3. Panasonic Heating and Cooling Solutions
4. Fujitsu General Ltd.
5. Carrier Global Corp.
6. Trane Technologies plc
7. Johnson Controls-Hitachi Air Conditioning
8. NIBE Industrier AB
9. Stiebel Eltron GmbH and Co. KG
10. Viessmann Climate Solutions SE
11. Vaillant Group
12. Glen Dimplex Group (Dimplex)
13. PHNIX Eco-Energy Solution Ltd.
14. Thermia Heat Pumps AB
15. Sanden Holdings Corp.
16. Mayekawa Mfg. Co., Ltd.
17. Aermec S.p.A
18. Clivet SpA
19. Alpha Innotec GmbH
20. Ochsner Warmepumpen GmbH

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET LANDSCAPE

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Implementation of Government Incentives for Heat Pump Adoption
  • 4.2.2 Rapid Urbanisation and Rising Construction of Energy-Efficient Buildings
  • 4.2.3 Declining Upfront Costs and Higher Seasonal Performance of Inverter-Based Units
  • 4.2.4 Increasing Electricity Access and Grid Reliability
  • 4.2.5 Surge in Distributed Solar-Heat Pump Hybrid Installations in Remote Resorts
  • 4.2.6 Push From Cold-Chain Fishery Exports Requiring High-Efficiency Process Cooling
• 4.3 Market Restraints
  • 4.3.1 High Initial Installation Cost and Limited Financing Options
  • 4.3.2 Shortage of Skilled Heat Pump Technicians
  • 4.3.3 Fragmented After-Sales Service Network in Outer Islands
  • 4.3.4 Customer Preference for Cheap Split AC and Water Heater Combos
• 4.4 Industry Value Chain Analysis
• 4.5 Regulatory Landscape
• 4.6 Technological Outlook
• 4.7 Porter's Five Forces Analysis
  • 4.7.1 Bargaining Power of Suppliers
  • 4.7.2 Bargaining Power of Buyers
  • 4.7.3 Threat of New Entrants
  • 4.7.4 Threat of Substitutes
  • 4.7.5 Intensity of Competitive Rivalry
• 4.8 Impact of Macroeconomic Factors on the Market

5 MARKET SIZE AND GROWTH FORECASTS (VALUE)

• 5.1 By Source Type
  • 5.1.1 Air Source
  • 5.1.2 Water Source
  • 5.1.3 Ground Source
  • 5.1.4 Hybrid
• 5.2 By Technology
  • 5.2.1 Air-to-Air
  • 5.2.2 Air-to-Water
  • 5.2.3 Water-to-Water
  • 5.2.4 Ground-to-Water
• 5.3 By Capacity
  • 5.3.1 Below 10 kW
  • 5.3.2 10-50 kW
  • 5.3.3 50-200 kW
  • 5.3.4 Above 200 kW
• 5.4 By Application
  • 5.4.1 Space Heating
  • 5.4.2 Space Cooling
  • 5.4.3 Domestic and Sanitary Hot Water
  • 5.4.4 Industrial and Process Heating
  • 5.4.5 Other Applications
• 5.5 By End User
  • 5.5.1 Residential
  • 5.5.2 Commercial
  • 5.5.3 Industrial
• 5.6 By Installation
  • 5.6.1 New Installation
  • 5.6.2 Retrofit

6 COMPETITIVE LANDSCAPE

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Vendor Positioning Analysis
• 6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
  • 6.4.1 Daikin Industries, Ltd.
  • 6.4.2 Mitsubishi Electric Corp.
  • 6.4.3 Panasonic Heating and Cooling Solutions
  • 6.4.4 Fujitsu General Ltd.
  • 6.4.5 Carrier Global Corp.
  • 6.4.6 Trane Technologies plc
  • 6.4.7 Johnson Controls-Hitachi Air Conditioning
  • 6.4.8 NIBE Industrier AB
  • 6.4.9 Stiebel Eltron GmbH and Co. KG
  • 6.4.10 Viessmann Climate Solutions SE
  • 6.4.11 Vaillant Group
  • 6.4.12 Glen Dimplex Group (Dimplex)
  • 6.4.13 PHNIX Eco-Energy Solution Ltd.
  • 6.4.14 Thermia Heat Pumps AB
  • 6.4.15 Sanden Holdings Corp.
  • 6.4.16 Mayekawa Mfg. Co., Ltd.
  • 6.4.17 Aermec S.p.A
  • 6.4.18 Clivet SpA
  • 6.4.19 Alpha Innotec GmbH
  • 6.4.20 Ochsner Warmepumpen GmbH

7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK

• 7.1 White-Space and Unmet-Need Assessment