Global Domestic Hot Water (DHW) Heat Pumps Market Growth 2025-2031

The global Domestic Hot Water (DHW) Heat Pumps market size is predicted to grow from US$ 1611 million in 2025 to US$ 2584 million in 2031; it is expected to grow at a CAGR of 8.2% from 2025 to 2031.

The Domestic hot water heat pump uses outdoor air to heat your hot water supply. Unlike standard air-to-water heat pumps, this particular heat pump only provides domestic hot water for showers and sinks. This system is an ideal choice for homes with or without space heating (radiators/heat pump convectors).

The Domestic Hot Water (DHW) Heat Pumps market is driven by several factors that contribute to its growth and demand. Here are some of the key drivers for the market:

Energy Efficiency: DHW heat pumps are designed to efficiently extract heat from the air, ground, or water sources and transfer it to the domestic hot water supply. This energy-efficient technology reduces energy consumption and lowers hot water heating costs.

Environmental Concerns: With increasing awareness about environmental sustainability and carbon emissions, the demand for eco-friendly heating solutions like DHW heat pumps is on the rise.

Renewable Heating: DHW heat pumps utilize renewable energy sources, such as ambient air or geothermal heat, to heat water, making them a more sustainable option compared to traditional fossil fuel-based water heaters.

Government Incentives: Many governments offer incentives, rebates, or tax credits to promote the adoption of energy-efficient and renewable heating technologies, which drives the demand for DHW heat pumps.

Reduced Operating Costs: DHW heat pumps can significantly reduce the operating costs of heating water, making them an attractive option for homeowners and businesses seeking cost-effective hot water solutions.

Low Emissions: DHW heat pumps produce lower greenhouse gas emissions compared to conventional water heating systems, aligning with efforts to mitigate climate change.

Integration with Renewable Energy Systems: DHW heat pumps can be integrated with solar panels or other renewable energy sources to further enhance energy savings and sustainability.

Space Savings: DHW heat pumps require less space compared to traditional water heaters, making them suitable for installations with limited space.

Quiet Operation: Advances in technology have led to quieter operation of DHW heat pumps, making them suitable for residential installations.

Improved Efficiency: Ongoing technological advancements have led to higher efficiency levels for DHW heat pumps, increasing their appeal to consumers.

Smart Features: Many DHW heat pump models come with smart features that allow users to control and monitor their hot water systems remotely, enhancing convenience and control.

Residential Retrofitting: Homeowners upgrading or retrofitting their water heating systems often choose DHW heat pumps for their energy efficiency benefits.

Commercial Applications: DHW heat pumps are also used in commercial settings such as hotels, gyms, and laundromats, contributing to market growth.

Rising Energy Costs: As energy costs continue to rise, consumers seek energy-efficient alternatives for hot water heating, driving demand for DHW heat pumps.

Growing Construction Industry: The construction of new residential and commercial buildings creates opportunities for the integration of energy-efficient DHW systems.

Urbanization and Infrastructure Development: Urbanization and infrastructure projects drive demand for energy-efficient hot water solutions in urban areas.

Consumer Awareness: Increasing consumer awareness about the benefits of DHW heat pumps, including energy savings and environmental advantages, boosts demand.

Long-Term Investment: DHW heat pumps offer long-term energy and cost savings, making them a valuable investment for homeowners and businesses.

Regional Climate Variations: DHW heat pumps can be suitable for various climates, making them adaptable to different geographic regions.

LP Information, Inc. (LPI) ' newest research report, the “Domestic Hot Water (DHW) Heat Pumps Industry Forecast” looks at past sales and reviews total world Domestic Hot Water (DHW) Heat Pumps sales in 2024, providing a comprehensive analysis by region and market sector of projected Domestic Hot Water (DHW) Heat Pumps sales for 2025 through 2031. With Domestic Hot Water (DHW) Heat Pumps sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Domestic Hot Water (DHW) Heat Pumps industry.

This Insight Report provides a comprehensive analysis of the global Domestic Hot Water (DHW) Heat Pumps landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Domestic Hot Water (DHW) Heat Pumps portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Domestic Hot Water (DHW) Heat Pumps market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Domestic Hot Water (DHW) Heat Pumps and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Domestic Hot Water (DHW) Heat Pumps.

This report presents a comprehensive overview, market shares, and growth opportunities of Domestic Hot Water (DHW) Heat Pumps market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Monobloc Type
Split Type

Segmentation by Application:
Residential
Commercial
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Panasonic
Daikin
LG
Bosch Thermotechnik
Ochsner
Stiebel Eltron GmbH & Co.
NIBE
Dimplex
Fujitsu General
De Dietrich
Kronoterm
Vaillant
Vindsor
Rinnai
Intaflo Hydronics
Viessmann Climate Solutions SE
Gree Electric
Midea

Key Questions Addressed in this Report

What is the 10-year outlook for the global Domestic Hot Water (DHW) Heat Pumps market?

What factors are driving Domestic Hot Water (DHW) Heat Pumps market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Domestic Hot Water (DHW) Heat Pumps market opportunities vary by end market size?

How does Domestic Hot Water (DHW) Heat Pumps break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.