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Europe Heat Pump Water Heater Market Size, Share & Trends Analysis Report By Storage Tank, By Refrigerant Type, By Type (Air-to-Air, Air-to-Water, Water Source, and Geothermal & Hybrid), By End-User, By Rated Capacity, By Country and Growth Forecast, 2023

Publisher Knowledge Based Value (KBV) Research
Published Feb 16, 2024
Length 172 Pages
SKU # KBV18592687

Description

Europe Heat Pump Water Heater Market Size, Share & Trends Analysis Report By Storage Tank, By Refrigerant Type, By Type (Air-to-Air, Air-to-Water, Water Source, and Geothermal & Hybrid), By End-User, By Rated Capacity, By Country and Growth Forecast, 2023 - 2030


The Europe Heat Pump Water Heater Market would witness market growth of 10.5% CAGR during the forecast period (2023-2030).

HPWHs are well-suited for multi-family dwellings, including apartments and condominiums. In situations where multiple households share a centralized water heating system, the scalability and efficiency of HPWHs can lead to significant energy savings and contribute to a more sustainable living environment for residents. The hospitality industry, including hotels and resorts, relies heavily on hot water for guest comfort and operational needs. HPWHs are increasingly used in these environments to ensure a regular and dependable hot water supply. The cost savings and environmental benefits of HPWHs are consistent with many hotels' sustainability goals.

Restaurants and food service establishments require hot water for cooking, cleaning, and sanitation. HPWHs are well-suited for these applications, offering energy-efficient water heating solutions that align with the industry's need for reliable and hygienic hot water. Educational institutions, including schools and universities, have diverse hot water requirements for various purposes, such as kitchens, bathrooms, and laboratories. HPWHs can be integrated into the infrastructure of these institutions to provide energy-efficient hot water solutions, contributing to overall operational sustainability.

Germany's commitment to energy transition policies, known as "Energiewende," emphasizes the transition from conventional energy sources to renewable and sustainable technologies. Integrating renewable energy sources, such as solar and wind power, into commercial buildings creates synergies with heat pump water heaters in Germany. These systems can efficiently utilize electricity generated from renewable sources, aligning with Germany's push for clean energy solutions. The growing emphasis on sustainability and corporate social responsibility influences German businesses' decision-making. Germany's emphasis on urban planning and the development of smart cities involves the integration of sustainable technologies. Thus, all these factors will uplift the regional market’s expansion in the coming years.

The Germany market dominated the Europe Heat Pump Water Heater Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $665 million by 2030. The UK market is exhibiting a CAGR of 9.5% during (2023 - 2030). Additionally, The France market would experience a CAGR of 11.3% during (2023 - 2030).

Based on Storage Tank, the market is segmented into Up to 500 L, 500-1,000 L, and Above 1,000 L. Based on Refrigerant Type, the market is segmented into R410A, R407C, R744, and Others. Based on Type, the market is segmented into Air-to-Air, Air-to-Water, Water Source, and Geothermal & Hybrid. Based on End-User, the market is segmented into Residential, Commercial, and Industrial. Based on Rated Capacity, the market is segmented into Upto 10 KW, 10 - 20 KW, 20 - 30 KW, 30 - 100 KW, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled
  • Panasonic Holdings Corporation
  • LG Electronics, Inc. (LG Corporation)
  • Mitsubishi Electric Corporation
  • Haier Smart Home Co., Ltd. (Haier Group Corporation)
  • Carrier Global Corporation (Carrier)
  • The Glen Dimplex Group
  • Robert Bosch GmbH (Bosch Thermotechnology Corporation)
  • A. O. Smith Corporation
  • Trane Technologies PLC
  • Daikin Industries Ltd.
Europe Heat Pump Water Heater Market Report Segmentation

By Storage Tank
  • Up to 500 L
  • 500-1,000 L
  • Above 1,000 L
By Refrigerant Type
  • R410A
  • R407C
  • R744
  • Others
By Type
  • Air-to-Air
  • Air-to-Water
  • Water Source
  • Geothermal & Hybrid
By End-User
  • Residential
  • Commercial
  • Industrial
By Rated Capacity
  • Upto 10 KW
  • 10 - 20 KW
  • 20 - 30 KW
  • 30 - 100 KW
  • Others
By Country
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Table of Contents

172 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Heat Pump Water Heater Market, by Storage Tank
1.4.2 Europe Heat Pump Water Heater Market, by Refrigerant Type
1.4.3 Europe Heat Pump Water Heater Market, by Type
1.4.4 Europe Heat Pump Water Heater Market, by End-User
1.4.5 Europe Heat Pump Water Heater Market, by Rated Capacity
1.4.6 Europe Heat Pump Water Heater Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.2.4 Geographical Expansion
4.3 Market Share Analysis, 2022
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions : 2020, May – 2024, Jan) Leading Players
4.5 Porter’s Five Forces Analysis
Chapter 5. Europe Heat Pump Water Heater Market by Storage Tank
5.1 Europe Up to 500 L Market by Country
5.2 Europe 500-1,000 L Market by Country
5.3 Europe Above 1,000 L Market by Country
Chapter 6. Europe Heat Pump Water Heater Market by Refrigerant Type
6.1 Europe R410A Market by Country
6.2 Europe R407C Market by Country
6.3 Europe R744 Market by Country
6.4 Europe Others Market by Country
Chapter 7. Europe Heat Pump Water Heater Market by Type
7.1 Europe Air-to-Air Market by Country
7.2 Europe Air-to-Water Market by Country
7.3 Europe Water Source Market by Country
7.4 Europe Geothermal & Hybrid Market by Country
Chapter 8. Europe Heat Pump Water Heater Market by End-User
8.1 Europe Residential Market by Country
8.2 Europe Commercial Market by Country
8.3 Europe Industrial Market by Country
Chapter 9. Europe Heat Pump Water Heater Market by Rated Capacity
9.1 Europe Upto 10 KW Market by Country
9.2 Europe 10 - 20 KW Market by Country
9.3 Europe 20 - 30 KW Market by Country
9.4 Europe 30 - 100 KW Market by Country
9.5 Europe Others Market by Country
Chapter 10. Europe Heat Pump Water Heater Market by Country
10.1 Germany Heat Pump Water Heater Market
10.1.1 Germany Heat Pump Water Heater Market by Storage Tank
10.1.2 Germany Heat Pump Water Heater Market by Refrigerant Type
10.1.3 Germany Heat Pump Water Heater Market by Type
10.1.4 Germany Heat Pump Water Heater Market by End-User
10.1.5 Germany Heat Pump Water Heater Market by Rated Capacity
10.2 UK Heat Pump Water Heater Market
10.2.1 UK Heat Pump Water Heater Market by Storage Tank
10.2.2 UK Heat Pump Water Heater Market by Refrigerant Type
10.2.3 UK Heat Pump Water Heater Market by Type
10.2.4 UK Heat Pump Water Heater Market by End-User
10.2.5 UK Heat Pump Water Heater Market by Rated Capacity
10.3 France Heat Pump Water Heater Market
10.3.1 France Heat Pump Water Heater Market by Storage Tank
10.3.2 France Heat Pump Water Heater Market by Refrigerant Type
10.3.3 France Heat Pump Water Heater Market by Type
10.3.4 France Heat Pump Water Heater Market by End-User
10.3.5 France Heat Pump Water Heater Market by Rated Capacity
10.4 Russia Heat Pump Water Heater Market
10.4.1 Russia Heat Pump Water Heater Market by Storage Tank
10.4.2 Russia Heat Pump Water Heater Market by Refrigerant Type
10.4.3 Russia Heat Pump Water Heater Market by Type
10.4.4 Russia Heat Pump Water Heater Market by End-User
10.4.5 Russia Heat Pump Water Heater Market by Rated Capacity
10.5 Spain Heat Pump Water Heater Market
10.5.1 Spain Heat Pump Water Heater Market by Storage Tank
10.5.2 Spain Heat Pump Water Heater Market by Refrigerant Type
10.5.3 Spain Heat Pump Water Heater Market by Type
10.5.4 Spain Heat Pump Water Heater Market by End-User
10.5.5 Spain Heat Pump Water Heater Market by Rated Capacity
10.6 Italy Heat Pump Water Heater Market
10.6.1 Italy Heat Pump Water Heater Market by Storage Tank
10.6.2 Italy Heat Pump Water Heater Market by Refrigerant Type
10.6.3 Italy Heat Pump Water Heater Market by Type
10.6.4 Italy Heat Pump Water Heater Market by End-User
10.6.5 Italy Heat Pump Water Heater Market by Rated Capacity
10.7 Rest of Europe Heat Pump Water Heater Market
10.7.1 Rest of Europe Heat Pump Water Heater Market by Storage Tank
10.7.2 Rest of Europe Heat Pump Water Heater Market by Refrigerant Type
10.7.3 Rest of Europe Heat Pump Water Heater Market by Type
10.7.4 Rest of Europe Heat Pump Water Heater Market by End-User
10.7.5 Rest of Europe Heat Pump Water Heater Market by Rated Capacity
Chapter 11. Company Profiles
11.1 Panasonic Holdings Corporation
11.1.1 Company Overview
11.1.2 Financial Analysis
11.1.3 Segmental and Regional Analysis
11.1.4 Research & Development Expenses
11.1.5 Recent strategies and developments:
11.1.5.1 Partnerships, Collaborations, and Agreements:
11.1.5.2 Product Launches and Product Expansions:
11.1.6 SWOT Analysis
11.2 LG Electronics, Inc. (LG Corporation)
11.2.1 Company Overview
11.2.2 Financial Analysis
11.2.3 Regional & Segmental Analysis
11.2.4 Research & Development Expenses
11.2.5 Recent strategies and developments:
11.2.5.1 Partnerships, Collaborations, and Agreements:
11.2.5.2 Product Launches and Product Expansions:
11.2.6 SWOT Analysis
11.3 Mitsubishi Electric Corporation
11.3.1 Company Overview
11.3.2 Financial Analysis
11.3.3 Segmental and Regional Analysis
11.3.4 Research & Development Expense
11.3.5 Recent strategies and developments:
11.3.5.1 Product Launches and Product Expansions:
11.3.6 SWOT Analysis
11.4 Haier Smart Home Co., Ltd. (Haier Group Corporation)
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Segmental and Regional Analysis
11.4.4 Research & Development Expense
11.4.5 SWOT Analysis
11.5 Carrier Global Corporation (Carrier)
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Segmental and Regional Analysis
11.5.4 Research & Development Expenses
11.5.5 Recent strategies and developments:
11.5.5.1 Product Launches and Product Expansions:
11.5.5.2 Acquisition and Mergers:
11.5.6 SWOT Analysis
11.6 The Glen Dimplex Group
11.6.1 Company Overview
11.6.2 SWOT Analysis
11.7 Robert Bosch GmbH (Bosch Thermotechnology Corporation)
11.7.1 Company Overview
11.7.2 Financial Analysis
11.7.3 Segmental and Regional Analysis
11.7.4 Research & Development Expense
11.7.5 Recent strategies and developments:
11.7.5.1 Product Launches and Product Expansions:
11.7.5.2 Geographical Expansions:
11.7.6 SWOT Analysis
11.8 A. O. Smith Corporation
11.8.1 Company Overview
11.8.2 Financial Analysis
11.8.3 Regional Analysis
11.8.4 Research & Development Expense
11.8.5 Recent strategies and developments:
11.8.5.1 Acquisition and Mergers:
11.8.6 SWOT Analysis
11.9 Trane Technologies PLC
11.9.1 Company Overview
11.9.2 Financial Analysis
11.9.3 Regional Analysis
11.9.4 Research & Development Expense
11.9.5 Recent strategies and developments:
11.9.5.1 Product Launches and Product Expansions:
11.9.6 SWOT Analysis
11.10. Daikin Industries Ltd.
11.10.1 Company Overview
11.10.2 Financial Analysis
11.10.3 Segmental and Regional Analysis
11.10.4 Research & Development Expenses
11.10.5 Recent strategies and developments:
11.10.5.1 Product Launches and Product Expansions:
11.10.5.2 Geographical Expansions:
11.10.6 SWOT Analysis

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