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Heat Pump Water Heater Market Growth, Size, Trends Analysis - By Technology, By Capacity, By Application, By Operation Type - Regional Outlook, Competitive Strategies and Segment Forecast to 2034

Publisher SPER Market Research Pvt. Ltd.
Published Apr 08, 2025
Length 272 Pages
SKU # SPER20056946

Description

Heat Pump Water Heater Market Introduction and Overview

According to SPER market research, ‘Global Heat Pump Water Heater Market Size- By Technology, By Capacity, By Application, By Operation Type – Regional Outlook, Competitive Strategies and Segment Forecast to 2034’ state that the Global Heat Pump Water Heater Market is predicted to reach 41.63 billion by 2034 with a CAGR of 12.37%.

A heat pump water heater is an efficient device that moves heat from the air or ground to heat water. Unlike regular electric water heaters that create heat directly, heat pump water heaters use a refrigeration cycle, leading to lower energy use. They have parts like an evaporator, compressor, condenser, and expansion valve that work together to heat water.

Restraints:

Heat pump water heaters collect ambient heat from the surrounding air, making them extremely efficient in mild and hotter regions. However, colder temperatures have a substantial impact on their performance, exhibiting a climatic sensitivity that raises issues for locations experiencing prolonged periods of low temperatures. This problem may lead to reduced efficiency and higher energy usage.

Scope of the Report:

Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034

Segments covered

By Technology, By Capacity, By Application, By Operation Type.

Regions covered

North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa.

Companies Covered

EcoTech Solutions, Ariston Group, Arctic Heat Pumps, Carrier, Daikin, Trane, Rheem Manufacturing, Zealux Electric Limited, Bosch Thermotechnology Corp, A. O. Smith Corporate, Midea, Nihon Itomic Co. Ltd.

Global Heat Pump Water Heater Market Segmentation:

By Technology:

Based on the Technology, Global Heat Pump Water Heater Market is segmented as; Air to Water, Water Source, Geothermal.

By Capacity:

Based on the Capacity, Global Heat Pump Water Heater Market is segmented as; Upto 20 kW, 21 to 50 kW, 51 to 100 kW, Above 100 kW.

By Application:

Based on the Application, Global Heat Pump Water Heater Market is segmented as; Residential, Industrial, Commercial.

By Operation Type:

Based on the Operation Type, Global Heat Pump Water Heater Market is segmented as; Electric, Hybrid.

By Region:

This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.

Table of Contents

272 Pages
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERs internal database
2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Heat Pump Water Heater Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Heat Pump Water Heater Market
7. Global Heat Pump Water Heater Market, By Technology (USD Million) 2021-2034
7.1. Air to Water
7.2. Water Source
7.3. Geothermal
8. Global Heat Pump Water Heater Market, By Capacity USD Million) 2021-2034
8.1. Upto 20 kW
8.2. 21 to 50 kW
8.3. 51 to 100 kW
8.4. Above 100 kW
9. Global Heat Pump Water Heater Market, By Application (USD Million) 2021-2034
9.1. Residential
9.2. Industrial
9.3. Commercial
10. Global Heat Pump Water Heater Market, By Operation Type (USD Million) 2021-2034
10.1. Electric
10.2. Hybrid
11. Global Heat Pump Water Heater Market, (USD Million) 2021-2034
11.1. Global Heat Pump Water Heater Market Size and Market Share
12. Global Heat Pump Water Heater Market, By Region, (USD Million) 2021-2034
12.1. Asia-Pacific
12.1.1. Australia
12.1.2. China
12.1.3. India
12.1.4. Japan
12.1.5. South Korea
12.1.6. Rest of Asia-Pacific
12.2. Europe
12.2.1. France
12.2.2. Germany
12.2.3. Italy
12.2.4. Spain
12.2.5. United Kingdom
12.2.6. Rest of Europe
12.3. Middle East and Africa
12.3.1. Kingdom of Saudi Arabia
12.3.2. United Arab Emirates
12.3.3. Qatar
12.3.4. South Africa
12.3.5. Egypt
12.3.6. Morocco
12.3.7. Nigeria
12.3.8. Rest of Middle-East and Africa
12.4. North America
12.4.1. Canada
12.4.2. Mexico
12.4.3. United States
12.5. Latin America
12.5.1. Argentina
12.5.2. Brazil
12.5.3. Rest of Latin America
13. Company Profile
13.1. EcoTech Solutions
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Ariston Group
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Arctic Heat Pumps
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Carrier
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Daikin
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Trane
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Rheem Manufacturing
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Zealux Electric Limited
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Bosch Thermotechnology Corp
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. A. O. Smith Corporate
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Midea
13.11.1. Company details
13.11.2. Financial outlook
13.11.3. Product summary
13.11.4. Recent developments
13.12. Nihon Itomic Co., Ltd
13.12.1. Company details
13.12.2. Financial outlook
13.12.3. Product summary
13.12.4. Recent developments
13.13. Others
14. Conclusion
15. List of Abbreviations
16. Reference Links

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