Global Hybrid Electric Heat Pump Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Hybrid Electric Heat Pump market size was valued at US$ 646 million in 2024 and is forecast to a readjusted size of USD 893 million by 2031 with a CAGR of 4.8% during review period.

A hybrid electric heat pump is a heating and cooling system that combines the technology of an electric heat pump with a backup heating source, typically a fossil fuel-based system like a gas furnace. This hybrid system is designed to provide efficient and versatile heating and cooling capabilities for residential or commercial spaces.

The market trend for hybrid electric heat pumps is driven by the growing demand for energy-efficient and environmentally friendly heating and cooling systems. Hybrid electric heat pumps offer the advantage of leveraging renewable electricity for heating and cooling while providing a backup heating option for extreme weather conditions. The increasing focus on energy efficiency and sustainable practices in the construction and HVAC (heating, ventilation, and air conditioning) industries contributes to the market growth.

This report is a detailed and comprehensive analysis for global Hybrid Electric Heat Pump 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 Hybrid Electric Heat Pump market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Hybrid Electric Heat Pump market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Hybrid Electric Heat Pump market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Hybrid Electric Heat Pump market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/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 Hybrid Electric Heat Pump

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 Hybrid Electric Heat Pump 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, West Bay Mechanical, Rheem, GE Appliances, Kenmore, American Water Heaters, Navien, Midea, Lochinvar, State Industries, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Hybrid Electric Heat Pump 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
50 Gallons or Above
Under 50 Gallons

Market segment by Application
Commercial
Residential

Major players covered
A.O. Smith
West Bay Mechanical
Rheem
GE Appliances
Kenmore
American Water Heaters
Navien
Midea
Lochinvar
State Industries
GSW
Ruud

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 Hybrid Electric Heat Pump product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Hybrid Electric Heat Pump, with price, sales quantity, revenue, and global market share of Hybrid Electric Heat Pump from 2020 to 2025.

Chapter 3, the Hybrid Electric Heat Pump competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Hybrid Electric Heat Pump 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 Hybrid Electric Heat Pump 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 Hybrid Electric Heat Pump.

Chapter 14 and 15, to describe Hybrid Electric Heat Pump sales channel, distributors, customers, research findings and conclusion.