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Heat Pump Water Heaters is a device which uses electricity to move heat from one place to another instead of generating heat directly. Therefore, it can be two to three times more energy efficient than conventional electric resistance water heaters. To move the heat, heat pumps work like a refrigerator in reverse.
According to our (Global Info Research) latest study, the global Heat Pump Water Heaters market size was valued at USD 1691.4 million in 2022 and is forecast to a readjusted size of USD 2062 million by 2029 with a CAGR of 2.9% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
As for the global heat pump water heater industry, the industry structure is relatively stable. The top ten manufacturers have 52% revenue market share. The Japan giant Panasonic, which has 8% market share, is the leader in the heat pump water heater industry. The manufacturers following Panasonic are Mitsubishi Electric and GE Appliances, which respectively has 7% and 6% market share globally. The GREE is the leader of China heat pump water heater industry.
This report is a detailed and comprehensive analysis for global Heat Pump Water Heaters 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 2023, are provided.
Key Features:
Global Heat Pump Water Heaters market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2018-2029
Global Heat Pump Water Heaters market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2018-2029
Global Heat Pump Water Heaters market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2018-2029
Global Heat Pump Water Heaters market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (USD/Unit), 2018-2023
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 Heat Pump Water Heaters
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 Heat Pump Water Heaters market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Panasonic, Mitsubishi Electric, GE Appliances, GREE and Midea, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
Heat Pump Water Heaters market is split by Type and by Application. For the period 2018-2029, 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
- Air Source Heat Pump
- Water Source Heat Pump
- Ground Source Heat Pump
Market segment by Application
- Residential Use
- Commercial & Industrial Use
Major players covered
- Panasonic
- Mitsubishi Electric
- GE Appliances
- GREE
- Midea
- Darkin
- A. O. Smith
- Hitachi
- Jandy
- Wotech
- Zhejiang Zhongguang
- Pentair
- New Energy
- Dimplex
- Hayward
- Viessmann
- Toshiba
- Alpha-Innotec
- Tongyi
- Zhongrui
- Thermia
- Itomic
- Rheem
- Hangzhou Jinjiang Solar
- Ochsner
- Stiebel-Eltron
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 Heat Pump Water Heaters product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Heat Pump Water Heaters, with price, sales, revenue and global market share of Heat Pump Water Heaters from 2018 to 2023.
Chapter 3, the Heat Pump Water Heaters competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Heat Pump Water Heaters breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
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 2017 to 2022.and Heat Pump Water Heaters market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Heat Pump Water Heaters.
Chapter 14 and 15, to describe Heat Pump Water Heaters sales channel, distributors, customers, research findings and conclusion.