Global Heat Pump Water Heaters Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031
Description
According to our (Global Info Research) latest study, the global Heat Pump Water Heaters market size was valued at US$ 2296 million in 2024 and is forecast to a readjusted size of USD 3419 million by 2031 with a CAGR of 5.9% during review period.
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.
The Heat Pump Water Heater (HPWH) market is growing due to increasing demand for energy-efficient and environmentally friendly solutions for water heating. HPWHs are known for their energy efficiency, as they transfer heat from the air into the water, making them far more energy-efficient than conventional electric water heaters or gas water heaters. Heat pump water heaters use significantly less energy than conventional electric resistance water heaters, making them an attractive option for consumers looking to reduce energy bills. Governments around the world are encouraging the adoption of energy-efficient technologies. Incentives, rebates, and tax credits for energy-efficient appliances are common in many regions, further boosting the demand for HPWHs. Regulations aimed at reducing carbon footprints and promoting sustainable practices are also contributing to the market growth, as HPWHs have a lower environmental impact compared to other heating systems. As the focus on reducing carbon emissions and combating climate change intensifies, consumers and businesses are increasingly adopting technologies that help reduce energy consumption. HPWHs, which use renewable energy from the air, align with these environmental goals. As electricity prices rise, consumers are looking for ways to reduce their electricity consumption. HPWHs offer a solution by consuming less power to produce the same amount of hot water, making them an attractive alternative in regions with high energy costs. The technology behind HPWHs continues to improve, making them more efficient and affordable. New models are more adaptable, with features like smart thermostats, noise reduction, and faster heating times, making them more appealing to a broader audience.
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 2025, 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), 2020-2031
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), 2020-2031
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), 2020-2031
Global Heat Pump Water Heaters market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (USD/Unit), 2020-2025
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, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include A. O. Smith, Rinnai, Stiebel Eltron, Viessmann, Rheem, Haier, Midea, OUTES, Phnix, Dimplex, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Heat Pump Water Heaters market is split by Type and by Application. For the period 2020-2031, 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
All-in-One
Split-type
Market segment by Application
Residential
Commercial
Other
Major players covered
A. O. Smith
Rinnai
Stiebel Eltron
Viessmann
Rheem
Haier
Midea
OUTES
Phnix
Dimplex
GREE
New Energy
Apricus Australia
Ochsner
Panasonic
Mitsubishi Electric
Darkin
Hitachi
Wotech
Toshiba
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 quantity, revenue, and global market share of Heat Pump Water Heaters from 2020 to 2025.
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 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
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 2020 to 2025.and Heat Pump Water Heaters market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
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.
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.
The Heat Pump Water Heater (HPWH) market is growing due to increasing demand for energy-efficient and environmentally friendly solutions for water heating. HPWHs are known for their energy efficiency, as they transfer heat from the air into the water, making them far more energy-efficient than conventional electric water heaters or gas water heaters. Heat pump water heaters use significantly less energy than conventional electric resistance water heaters, making them an attractive option for consumers looking to reduce energy bills. Governments around the world are encouraging the adoption of energy-efficient technologies. Incentives, rebates, and tax credits for energy-efficient appliances are common in many regions, further boosting the demand for HPWHs. Regulations aimed at reducing carbon footprints and promoting sustainable practices are also contributing to the market growth, as HPWHs have a lower environmental impact compared to other heating systems. As the focus on reducing carbon emissions and combating climate change intensifies, consumers and businesses are increasingly adopting technologies that help reduce energy consumption. HPWHs, which use renewable energy from the air, align with these environmental goals. As electricity prices rise, consumers are looking for ways to reduce their electricity consumption. HPWHs offer a solution by consuming less power to produce the same amount of hot water, making them an attractive alternative in regions with high energy costs. The technology behind HPWHs continues to improve, making them more efficient and affordable. New models are more adaptable, with features like smart thermostats, noise reduction, and faster heating times, making them more appealing to a broader audience.
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 2025, 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), 2020-2031
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), 2020-2031
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), 2020-2031
Global Heat Pump Water Heaters market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (USD/Unit), 2020-2025
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, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include A. O. Smith, Rinnai, Stiebel Eltron, Viessmann, Rheem, Haier, Midea, OUTES, Phnix, Dimplex, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Heat Pump Water Heaters market is split by Type and by Application. For the period 2020-2031, 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
All-in-One
Split-type
Market segment by Application
Residential
Commercial
Other
Major players covered
A. O. Smith
Rinnai
Stiebel Eltron
Viessmann
Rheem
Haier
Midea
OUTES
Phnix
Dimplex
GREE
New Energy
Apricus Australia
Ochsner
Panasonic
Mitsubishi Electric
Darkin
Hitachi
Wotech
Toshiba
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 quantity, revenue, and global market share of Heat Pump Water Heaters from 2020 to 2025.
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 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
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 2020 to 2025.and Heat Pump Water Heaters market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
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.
Table of Contents
139 Pages
- 1 Market Overview
- 2 Manufacturers Profiles
- 3 Competitive Environment: Heat Pump Water Heaters by Manufacturer
- 4 Consumption Analysis by Region
- 5 Market Segment by Type
- 6 Market Segment by Application
- 7 North America
- 8 Europe
- 9 Asia-Pacific
- 10 South America
- 11 Middle East & Africa
- 12 Market Dynamics
- 13 Raw Material and Industry Chain
- 14 Shipments by Distribution Channel
- 15 Research Findings and Conclusion
- 16 Appendix
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