Global Heat Pump Water Heaters Market by Size, by Type, by Application, by Region, History and Forecast 2020-2031

Summary

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.

According to APO Research, The global Heat Pump Water Heaters market is projected to grow from US$ million in 2025 to US$ million by 2031, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.

The US & Canada market for Heat Pump Water Heaters is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

Asia-Pacific market for Heat Pump Water Heaters is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

The China market for Heat Pump Water Heaters is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

Europe market for Heat Pump Water Heaters is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

The major global manufacturers of Heat Pump Water Heaters include Panasonic, Mitsubishi Electric, GE Appliances, GREE, Midea, Darkin, A. O. Smith, Hitachi and Jandy, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.

In terms of production side, this report researches the Heat Pump Water Heaters production, growth rate, market share by manufacturers and by region (region level and country level), from 2020 to 2025, and forecast to 2031.

In terms of consumption side, this report focuses on the sales of Heat Pump Water Heaters by region (region level and country level), by company, by type and by application. from 2020 to 2025 and forecast to 2031.

This report presents an overview of global market for Heat Pump Water Heaters, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue or sales data for 2020 - 2024, estimates for 2025, and projections of CAGR through 2031.

This report researches the key producers of Heat Pump Water Heaters, also provides the consumption of main regions and countries. Of the upcoming market potential for Heat Pump Water Heaters, and key regions or countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.

This report focuses on the Heat Pump Water Heaters sales, revenue, market share and industry ranking of main manufacturers, data from 2020 to 2025. Identification of the major stakeholders in the global Heat Pump Water Heaters market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by type and by application, sales, revenue, and price, from 2020 to 2031. Evaluation and forecast the market size for Heat Pump Water Heaters sales, projected growth trends, production technology, application and end-user industry.


Heat Pump Water Heaters Segment by Company

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

Heat Pump Water Heaters Segment by Type

Air Source Heat Pump
Water Source Heat Pump
Ground Source Heat Pump

Heat Pump Water Heaters Segment by Application

Residential Use
Commercial & Industrial Use

Heat Pump Water Heaters Segment by Region

North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries

Study Objectives

1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Heat Pump Water Heaters market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Heat Pump Water Heaters and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Heat Pump Water Heaters.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Provides an overview of the Heat Pump Water Heaters market, including product definition, global market growth prospects, production value, capacity, and average price forecasts (2020-2031).
Chapter 2: Analysis key trends, drivers, challenges, and opportunities within the global Heat Pump Water Heaters industry.
Chapter 3: Detailed analysis of Heat Pump Water Heaters market competition landscape. Including Heat Pump Water Heaters manufacturers' output value, output and average price from 2020 to 2025, as well as competition analysis indicators such as origin, product type, application, 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: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 7: Production/Production Value of Heat Pump Water Heaters by region. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 8: Consumption 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, and production of each country in the world.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Concluding Insights of the report.

Please Note: Single-User license will be delivered via PDF from the publisher without the rights to print or to edit.


1 Market Overview
1.1 Product Definition
1.2 Global Market Growth Prospects
1.2.1 Global Heat Pump Water Heaters Production Value Estimates and Forecasts (2020-2031)
1.2.2 Global Heat Pump Water Heaters Production Capacity Estimates and Forecasts (2020-2031)
1.2.3 Global Heat Pump Water Heaters Production Estimates and Forecasts (2020-2031)
1.2.4 Global Heat Pump Water Heaters Market Average Price (2020-2031)
1.3 Assumptions and Limitations
1.4 Study Goals and Objectives
2 Global Heat Pump Water Heaters Market Dynamics
2.1 Heat Pump Water Heaters Industry Trends
2.2 Heat Pump Water Heaters Industry Drivers
2.3 Heat Pump Water Heaters Industry Opportunities and Challenges
2.4 Heat Pump Water Heaters Industry Restraints
3 Heat Pump Water Heaters Market by Manufacturers
3.1 Global Heat Pump Water Heaters Production Value by Manufacturers (2020-2025)
3.2 Global Heat Pump Water Heaters Production by Manufacturers (2020-2025)
3.3 Global Heat Pump Water Heaters Average Price by Manufacturers (2020-2025)
3.4 Global Heat Pump Water Heaters Industry Manufacturers Ranking, 2023 VS 2024 VS 2025
3.5 Global Heat Pump Water Heaters Key Manufacturers Manufacturing Sites & Headquarters
3.6 Global Heat Pump Water Heaters Manufacturers, Product Type & Application
3.7 Global Heat Pump Water Heaters Manufacturers Established Date
3.8 Market Competitive Analysis
3.8.1 Global Heat Pump Water Heaters Market CR5 and HHI
3.8.2 Global Top 5 and 10 Heat Pump Water Heaters Players Market Share by Production Value in 2024
3.8.3 2024 Heat Pump Water Heaters Tier 1, Tier 2, and Tier 3
4 Heat Pump Water Heaters Market by Type
4.1 Heat Pump Water Heaters Type Introduction
4.1.1 Air Source Heat Pump
4.1.2 Water Source Heat Pump
4.1.3 Ground Source Heat Pump
4.2 Global Heat Pump Water Heaters Production by Type
4.2.1 Global Heat Pump Water Heaters Production by Type (2020 VS 2024 VS 2031)
4.2.2 Global Heat Pump Water Heaters Production by Type (2020-2031)
4.2.3 Global Heat Pump Water Heaters Production Market Share by Type (2020-2031)
4.3 Global Heat Pump Water Heaters Production Value by Type
4.3.1 Global Heat Pump Water Heaters Production Value by Type (2020 VS 2024 VS 2031)
4.3.2 Global Heat Pump Water Heaters Production Value by Type (2020-2031)
4.3.3 Global Heat Pump Water Heaters Production Value Market Share by Type (2020-2031)
5 Heat Pump Water Heaters Market by Application
5.1 Heat Pump Water Heaters Application Introduction
5.1.1 Residential Use
5.1.2 Commercial & Industrial Use
5.2 Global Heat Pump Water Heaters Production by Application
5.2.1 Global Heat Pump Water Heaters Production by Application (2020 VS 2024 VS 2031)
5.2.2 Global Heat Pump Water Heaters Production by Application (2020-2031)
5.2.3 Global Heat Pump Water Heaters Production Market Share by Application (2020-2031)
5.3 Global Heat Pump Water Heaters Production Value by Application
5.3.1 Global Heat Pump Water Heaters Production Value by Application (2020 VS 2024 VS 2031)
5.3.2 Global Heat Pump Water Heaters Production Value by Application (2020-2031)
5.3.3 Global Heat Pump Water Heaters Production Value Market Share by Application (2020-2031)
6 Company Profiles
6.1 Panasonic
6.1.1 Panasonic Comapny Information
6.1.2 Panasonic Business Overview
6.1.3 Panasonic Heat Pump Water Heaters Production, Value and Gross Margin (2020-2025)
6.1.4 Panasonic Heat Pump Water Heaters Product Portfolio
6.1.5 Panasonic Recent Developments
6.2 Mitsubishi Electric
6.2.1 Mitsubishi Electric Comapny Information
6.2.2 Mitsubishi Electric Business Overview
6.2.3 Mitsubishi Electric Heat Pump Water Heaters Production, Value and Gross Margin (2020-2025)
6.2.4 Mitsubishi Electric Heat Pump Water Heaters Product Portfolio
6.2.5 Mitsubishi Electric Recent Developments
6.3 GE Appliances
6.3.1 GE Appliances Comapny Information
6.3.2 GE Appliances Business Overview
6.3.3 GE Appliances Heat Pump Water Heaters Production, Value and Gross Margin (2020-2025)
6.3.4 GE Appliances Heat Pump Water Heaters Product Portfolio
6.3.5 GE Appliances Recent Developments
6.4 GREE
6.4.1 GREE Comapny Information
6.4.2 GREE Business Overview
6.4.3 GREE Heat Pump Water Heaters Production, Value and Gross Margin (2020-2025)
6.4.4 GREE Heat Pump Water Heaters Product Portfolio
6.4.5 GREE Recent Developments
6.5 Midea
6.5.1 Midea Comapny Information
6.5.2 Midea Business Overview
6.5.3 Midea Heat Pump Water Heaters Production, Value and Gross Margin (2020-2025)
6.5.4 Midea Heat Pump Water Heaters Product Portfolio
6.5.5 Midea Recent Developments
6.6 Darkin
6.6.1 Darkin Comapny Information
6.6.2 Darkin Business Overview
6.6.3 Darkin Heat Pump Water Heaters Production, Value and Gross Margin (2020-2025)
6.6.4 Darkin Heat Pump Water Heaters Product Portfolio
6.6.5 Darkin Recent Developments
6.7 A. O. Smith
6.7.1 A. O. Smith Comapny Information
6.7.2 A. O. Smith Business Overview
6.7.3 A. O. Smith Heat Pump Water Heaters Production, Value and Gross Margin (2020-2025)
6.7.4 A. O. Smith Heat Pump Water Heaters Product Portfolio
6.7.5 A. O. Smith Recent Developments
6.8 Hitachi
6.8.1 Hitachi Comapny Information
6.8.2 Hitachi Business Overview
6.8.3 Hitachi Heat Pump Water Heaters Production, Value and Gross Margin (2020-2025)
6.8.4 Hitachi Heat Pump Water Heaters Product Portfolio
6.8.5 Hitachi Recent Developments
6.9 Jandy
6.9.1 Jandy Comapny Information
6.9.2 Jandy Business Overview
6.9.3 Jandy Heat Pump Water Heaters Production, Value and Gross Margin (2020-2025)
6.9.4 Jandy Heat Pump Water Heaters Product Portfolio
6.9.5 Jandy Recent Developments
6.10 Wotech
6.10.1 Wotech Comapny Information
6.10.2 Wotech Business Overview
6.10.3 Wotech Heat Pump Water Heaters Production, Value and Gross Margin (2020-2025)
6.10.4 Wotech Heat Pump Water Heaters Product Portfolio
6.10.5 Wotech Recent Developments
6.11 Zhejiang Zhongguang
6.11.1 Zhejiang Zhongguang Comapny Information
6.11.2 Zhejiang Zhongguang Business Overview
6.11.3 Zhejiang Zhongguang Heat Pump Water Heaters Production, Value and Gross Margin (2020-2025)
6.11.4 Zhejiang Zhongguang Heat Pump Water Heaters Product Portfolio
6.11.5 Zhejiang Zhongguang Recent Developments
6.12 Pentair
6.12.1 Pentair Comapny Information
6.12.2 Pentair Business Overview
6.12.3 Pentair Heat Pump Water Heaters Production, Value and Gross Margin (2020-2025)
6.12.4 Pentair Heat Pump Water Heaters Product Portfolio
6.12.5 Pentair Recent Developments
6.13 New Energy
6.13.1 New Energy Comapny Information
6.13.2 New Energy Business Overview
6.13.3 New Energy Heat Pump Water Heaters Production, Value and Gross Margin (2020-2025)
6.13.4 New Energy Heat Pump Water Heaters Product Portfolio
6.13.5 New Energy Recent Developments
6.14 Dimplex
6.14.1 Dimplex Comapny Information
6.14.2 Dimplex Business Overview
6.14.3 Dimplex Heat Pump Water Heaters Production, Value and Gross Margin (2020-2025)
6.14.4 Dimplex Heat Pump Water Heaters Product Portfolio
6.14.5 Dimplex Recent Developments
6.15 Hayward
6.15.1 Hayward Comapny Information
6.15.2 Hayward Business Overview
6.15.3 Hayward Heat Pump Water Heaters Production, Value and Gross Margin (2020-2025)
6.15.4 Hayward Heat Pump Water Heaters Product Portfolio
6.15.5 Hayward Recent Developments
6.16 Viessmann
6.16.1 Viessmann Comapny Information
6.16.2 Viessmann Business Overview
6.16.3 Viessmann Heat Pump Water Heaters Production, Value and Gross Margin (2020-2025)
6.16.4 Viessmann Heat Pump Water Heaters Product Portfolio
6.16.5 Viessmann Recent Developments
6.17 Toshiba
6.17.1 Toshiba Comapny Information
6.17.2 Toshiba Business Overview
6.17.3 Toshiba Heat Pump Water Heaters Production, Value and Gross Margin (2020-2025)
6.17.4 Toshiba Heat Pump Water Heaters Product Portfolio
6.17.5 Toshiba Recent Developments
6.18 Alpha-Innotec
6.18.1 Alpha-Innotec Comapny Information
6.18.2 Alpha-Innotec Business Overview
6.18.3 Alpha-Innotec Heat Pump Water Heaters Production, Value and Gross Margin (2020-2025)
6.18.4 Alpha-Innotec Heat Pump Water Heaters Product Portfolio
6.18.5 Alpha-Innotec Recent Developments
6.19 Tongyi
6.19.1 Tongyi Comapny Information
6.19.2 Tongyi Business Overview
6.19.3 Tongyi Heat Pump Water Heaters Production, Value and Gross Margin (2020-2025)
6.19.4 Tongyi Heat Pump Water Heaters Product Portfolio
6.19.5 Tongyi Recent Developments
6.20 Zhongrui
6.20.1 Zhongrui Comapny Information
6.20.2 Zhongrui Business Overview
6.20.3 Zhongrui Heat Pump Water Heaters Production, Value and Gross Margin (2020-2025)
6.20.4 Zhongrui Heat Pump Water Heaters Product Portfolio
6.20.5 Zhongrui Recent Developments
6.21 Thermia
6.21.1 Thermia Comapny Information
6.21.2 Thermia Business Overview
6.21.3 Thermia Heat Pump Water Heaters Production, Value and Gross Margin (2020-2025)
6.21.4 Thermia Heat Pump Water Heaters Product Portfolio
6.21.5 Thermia Recent Developments
6.22 Itomic
6.22.1 Itomic Comapny Information
6.22.2 Itomic Business Overview
6.22.3 Itomic Heat Pump Water Heaters Production, Value and Gross Margin (2020-2025)
6.22.4 Itomic Heat Pump Water Heaters Product Portfolio
6.22.5 Itomic Recent Developments
6.23 Rheem
6.23.1 Rheem Comapny Information
6.23.2 Rheem Business Overview
6.23.3 Rheem Heat Pump Water Heaters Production, Value and Gross Margin (2020-2025)
6.23.4 Rheem Heat Pump Water Heaters Product Portfolio
6.23.5 Rheem Recent Developments
6.24 Hangzhou Jinjiang Solar
6.24.1 Hangzhou Jinjiang Solar Comapny Information
6.24.2 Hangzhou Jinjiang Solar Business Overview
6.24.3 Hangzhou Jinjiang Solar Heat Pump Water Heaters Production, Value and Gross Margin (2020-2025)
6.24.4 Hangzhou Jinjiang Solar Heat Pump Water Heaters Product Portfolio
6.24.5 Hangzhou Jinjiang Solar Recent Developments
6.25 Ochsner
6.25.1 Ochsner Comapny Information
6.25.2 Ochsner Business Overview
6.25.3 Ochsner Heat Pump Water Heaters Production, Value and Gross Margin (2020-2025)
6.25.4 Ochsner Heat Pump Water Heaters Product Portfolio
6.25.5 Ochsner Recent Developments
6.26 Stiebel-Eltron
6.26.1 Stiebel-Eltron Comapny Information
6.26.2 Stiebel-Eltron Business Overview
6.26.3 Stiebel-Eltron Heat Pump Water Heaters Production, Value and Gross Margin (2020-2025)
6.26.4 Stiebel-Eltron Heat Pump Water Heaters Product Portfolio
6.26.5 Stiebel-Eltron Recent Developments
7 Global Heat Pump Water Heaters Production by Region
7.1 Global Heat Pump Water Heaters Production by Region: 2020 VS 2024 VS 2031
7.2 Global Heat Pump Water Heaters Production by Region (2020-2031)
7.2.1 Global Heat Pump Water Heaters Production by Region: 2020-2025
7.2.2 Global Heat Pump Water Heaters Production Forecast by Region: 2026-2031
7.3 Global Heat Pump Water Heaters Production by Region: 2020 VS 2024 VS 2031
7.4 Global Heat Pump Water Heaters Production Value by Region (2020-2031)
7.4.1 Global Heat Pump Water Heaters Production Value by Region: 2020-2025
7.4.2 Global Heat Pump Water Heaters Production Value by Region (2026-2031)
7.5 Global Heat Pump Water Heaters Market Price Analysis by Region (2020-2031)
7.6 Regional Production Value Trends (2020-2031)
7.6.1 North America Heat Pump Water Heaters Production Value (2020-2031)
7.6.2 Europe Heat Pump Water Heaters Production Value (2020-2031)
7.6.3 Asia-Pacific Heat Pump Water Heaters Production Value (2020-2031)
7.6.4 South America Heat Pump Water Heaters Production Value (2020-2031)
7.6.5 Middle East & Africa Heat Pump Water Heaters Production Value (2020-2031)
8 Global Heat Pump Water Heaters Consumption by Region
8.1 Global Heat Pump Water Heaters Consumption by Region: 2020 VS 2024 VS 2031
8.2 Global Heat Pump Water Heaters Consumption by Region (2020-2031)
8.2.1 Global Heat Pump Water Heaters Consumption by Region (2020-2025)
8.2.2 Global Heat Pump Water Heaters Consumption by Region (2026-2031)
8.3 North America
8.3.1 North America Heat Pump Water Heaters Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
8.3.2 North America Heat Pump Water Heaters Consumption by Country (2020-2031)
8.3.3 U.S.
8.3.4 Canada
8.3.5 Mexico
8.4 Europe
8.4.1 Europe Heat Pump Water Heaters Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
8.4.2 Europe Heat Pump Water Heaters Consumption by Country (2020-2031)
8.4.3 Germany
8.4.4 France
8.4.5 U.K.
8.4.6 Italy
8.4.7 Netherlands
8.5 Asia Pacific
8.5.1 Asia Pacific Heat Pump Water Heaters Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
8.5.2 Asia Pacific Heat Pump Water Heaters Consumption by Country (2020-2031)
8.5.3 China
8.5.4 Japan
8.5.5 South Korea
8.5.6 Southeast Asia
8.5.7 India
8.5.8 Australia
8.6 South America
8.6.1 South America Heat Pump Water Heaters Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
8.6.2 South America Heat Pump Water Heaters Consumption by Country (2020-2031)
8.6.3 Brazil
8.6.4 Argentina
8.6.5 Chile
8.6.6 Colombia
8.7 Middle East & Africa
8.7.1 Middle East & Africa Heat Pump Water Heaters Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
8.7.2 Middle East & Africa Heat Pump Water Heaters Consumption by Country (2020-2031)
8.7.3 Egypt
8.7.4 South Africa
8.7.5 Israel
8.7.6 Türkiye
8.7.7 GCC Countries
9 Value Chain and Sales Channels Analysis
9.1 Heat Pump Water Heaters Value Chain Analysis
9.1.1 Heat Pump Water Heaters Key Raw Materials
9.1.2 Raw Materials Key Suppliers
9.1.3 Manufacturing Cost Structure
9.1.4 Heat Pump Water Heaters Production Mode & Process
9.2 Heat Pump Water Heaters Sales Channels Analysis
9.2.1 Direct Comparison with Distribution Share
9.2.2 Heat Pump Water Heaters Distributors
9.2.3 Heat Pump Water Heaters Customers
10 Concluding Insights
11 Appendix
11.1 Reasons for Doing This Study
11.2 Research Methodology
11.3 Research Process
11.4 Authors List of This Report
11.5 Data Source
11.5.1 Secondary Sources
11.5.2 Primary Sources
11.6 Disclaimer

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