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Heat Pump Water Heater Market by Type (Air-To-Air Heat Pump Water Heater, Air-To-Water Heat Pump Water Heater, Ground Source Heat Pump Water Heater), Refrigerant Type (R407C, R410A, R744), Rated Capacity, Storage Tank Capacity, End-User - Global Forecast

Publisher 360iResearch
Published Apr 17, 2024
Length 193 Pages
SKU # IRE18713027

Description

Heat Pump Water Heater Market by Type (Air-To-Air Heat Pump Water Heater, Air-To-Water Heat Pump Water Heater, Ground Source Heat Pump Water Heater), Refrigerant Type (R407C, R410A, R744), Rated Capacity, Storage Tank Capacity, End-User - Global Forecast 2024-2030


The Heat Pump Water Heater Market size was estimated at USD 2.14 billion in 2023 and expected to reach USD 2.28 billion in 2024, at a CAGR 6.63% to reach USD 3.36 billion by 2030.

A heat pump water heater, often referred to as a hybrid water heater, is an energy-efficient appliance designed to heat water for residential or commercial use. Unlike traditional water heaters that generate heat directly to warm the water, heat pump water heaters utilize electricity to transfer heat. This process is similar to the operations of refrigerators and air conditioners in reverse manner. The heat pump water heater utilizes heat from the surrounding air or the ground and then magnifies this heat before transferring it to the water stored in its tank. Increasing consumer demand for sustainable and cost-effective home appliances positions heat pump water heaters as an attractive product in today's marketplace. Growing environmental awareness and government incentives for green technology adoption further attracted consumers towards adopting heat pump water heaters. Moreover, technological advancements enhance the performance and efficiency of heat pump water heaters, further bolstering the growth of the market. However, High initial installation costs compared to conventional water heaters and performance inefficiencies in colder climates may limit the market expansion. Nevertheless, incorporating smart technologies for better energy management and user control of heat pump water poses an opportunistic view. Moreover, integration with renewable energy sources, such as solar PV, to create hybrid systems is expected to bolster market growth further.



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Table of Contents

193 Pages
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Expansion of residential spaces across the world and the need for energy-efficient systems
5.1.1.2. Government initiatives to support several water heating projects and the usage of renewable energy to power water heaters
5.1.2. Restraints
5.1.2.1. Possibilities of performance inefficiencies and system failures
5.1.3. Opportunities
5.1.3.1. Technological innovations to improve the performance, safety, and efficiency of heat pump water heaters
5.1.3.2. Development of compact and miniaturized heat pump water heating systems
5.1.4. Challenges
5.1.4.1. Difficulties associated with installation and space constraints
5.2. Market Segmentation Analysis
5.2.1. Type: Increasing popularity of air-to-water heat pump water heaters owing to efficiency and ease in installation and maintenance
5.2.2. Refrigerant Type: Increasing suitability of R744 refrigerant type owing to its non-toxic, non-flammable & no ODP nature
5.2.3. Rated Capacity: Increasing preferences for 20-30 kW capacity type heat pump water heaters owing to their efficiency and affordability
5.2.4. End-User: Burgeoning demand from the commercial sector with utilization in hotels, restaurants, and other commercial settings
5.3. Market Disruption Analysis
5.4. Porter’s Five Forces Analysis
5.4.1. Threat of New Entrants
5.4.2. Threat of Substitutes
5.4.3. Bargaining Power of Customers
5.4.4. Bargaining Power of Suppliers
5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis
6. Heat Pump Water Heater Market, by Type
6.1. Introduction
6.2. Air-To-Air Heat Pump Water Heater
6.3. Air-To-Water Heat Pump Water Heater
6.4. Ground Source Heat Pump Water Heater
6.5. Hybrid Heat Pump Water Heater
6.6. Water Source Heat Pump Water Heater
7. Heat Pump Water Heater Market, by Refrigerant Type
7.1. Introduction
7.2. R407C
7.3. R410A
7.4. R744
8. Heat Pump Water Heater Market, by Rated Capacity
8.1. Introduction
8.2. 10-20 KW
8.3. 100-150 KW
8.4. 20-30 KW
8.5. 30-100 KW
8.6. UP TO 10 KW
9. Heat Pump Water Heater Market, by Storage Tank Capacity
9.1. Introduction
9.2. 500-1,000 Liters
9.3. Above 1,000 Liters
9.4. Upto 500 Liters
10. Heat Pump Water Heater Market, by End-User
10.1. Introduction
10.2. Commercial
10.3. Industrial
10.4. Residential
11. Americas Heat Pump Water Heater Market
11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States
12. Asia-Pacific Heat Pump Water Heater Market
12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam
13. Europe, Middle East & Africa Heat Pump Water Heater Market
13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom
14. Competitive Landscape
14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
14.3.1. Panasonic And Reclaim Energy Announce Exclusive Partnership to Bring New Energy Efficient Hot Water Solution to Australian Market
14.3.2. Rinnai Launches Hot Water Heat Pump for Residential Applications
14.3.3. LG Debuts State-of-The-Art Inverter Heat Pump Water Heater
14.4. Strategy Analysis & Recommendation
15. Competitive Portfolio
15.1. Key Company Profiles
15.2. Key Product Portfolio
FIGURE 1. HEAT PUMP WATER HEATER MARKET RESEARCH PROCESS
FIGURE 2. HEAT PUMP WATER HEATER MARKET SIZE, 2023 VS 2030
FIGURE 3. GLOBAL HEAT PUMP WATER HEATER MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. GLOBAL HEAT PUMP WATER HEATER MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. GLOBAL HEAT PUMP WATER HEATER MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. HEAT PUMP WATER HEATER MARKET DYNAMICS
FIGURE 7. GLOBAL HEAT PUMP WATER HEATER MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
FIGURE 8. GLOBAL HEAT PUMP WATER HEATER MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. GLOBAL HEAT PUMP WATER HEATER MARKET SIZE, BY REFRIGERANT TYPE, 2023 VS 2030 (%)
FIGURE 10. GLOBAL HEAT PUMP WATER HEATER MARKET SIZE, BY REFRIGERANT TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. GLOBAL HEAT PUMP WATER HEATER MARKET SIZE, BY RATED CAPACITY, 2023 VS 2030 (%)
FIGURE 12. GLOBAL HEAT PUMP WATER HEATER MARKET SIZE, BY RATED CAPACITY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. GLOBAL HEAT PUMP WATER HEATER MARKET SIZE, BY STORAGE TANK CAPACITY, 2023 VS 2030 (%)
FIGURE 14. GLOBAL HEAT PUMP WATER HEATER MARKET SIZE, BY STORAGE TANK CAPACITY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. GLOBAL HEAT PUMP WATER HEATER MARKET SIZE, BY END-USER, 2023 VS 2030 (%)
FIGURE 16. GLOBAL HEAT PUMP WATER HEATER MARKET SIZE, BY END-USER, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. AMERICAS HEAT PUMP WATER HEATER MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. AMERICAS HEAT PUMP WATER HEATER MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. UNITED STATES HEAT PUMP WATER HEATER MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 20. UNITED STATES HEAT PUMP WATER HEATER MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. ASIA-PACIFIC HEAT PUMP WATER HEATER MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. ASIA-PACIFIC HEAT PUMP WATER HEATER MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. EUROPE, MIDDLE EAST & AFRICA HEAT PUMP WATER HEATER MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 24. EUROPE, MIDDLE EAST & AFRICA HEAT PUMP WATER HEATER MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 25. HEAT PUMP WATER HEATER MARKET SHARE, BY KEY PLAYER, 2023
FIGURE 26. HEAT PUMP WATER HEATER MARKET, FPNV POSITIONING MATRIX, 2023

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