Report overview
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.
This report aims to provide a comprehensive presentation of the global market for Heat Pump Water Heaters, 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 Heat Pump Water Heaters. This report contains market size and forecasts of Heat Pump Water Heaters in global, including the following market information:
Global Heat Pump Water Heaters Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Heat Pump Water Heaters Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Heat Pump Water Heaters companies in 2022 (%)
The global Heat Pump Water Heaters market was valued at US$ 1691.4 million in 2022 and is projected to reach US$ 2062 million by 2029, at a CAGR of 2.9% during the forecast 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.
We surveyed the Heat Pump Water Heaters manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Heat Pump Water Heaters Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Heat Pump Water Heaters Market Segment Percentages, by Type, 2022 (%)
Air Source Heat Pump
Water Source Heat Pump
Ground Source Heat Pump
Global Heat Pump Water Heaters Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Heat Pump Water Heaters Market Segment Percentages, by Application, 2022 (%)
Residential Use
Commercial & Industrial Use
Global Heat Pump Water Heaters Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Heat Pump Water Heaters Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Heat Pump Water Heaters revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Heat Pump Water Heaters revenues share in global market, 2022 (%)
Key companies Heat Pump Water Heaters sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Heat Pump Water Heaters sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Heat Pump Water Heaters, market overview.
Chapter 2: Global Heat Pump Water Heaters market size in revenue and volume.
Chapter 3: Detailed analysis of Heat Pump Water Heaters manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6: Sales of Heat Pump Water Heaters in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
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: Global Heat Pump Water Heaters capacity by region & country.
Chapter 9: Introduces 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 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
