Global Heat Pump Water Heaters Market Growth 2023-2029

Global Heat Pump Water Heaters Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Heat Pump Water Heaters Industry Forecast” looks at past sales and reviews total world Heat Pump Water Heaters sales in 2022, providing a comprehensive analysis by region and market sector of projected Heat Pump Water Heaters sales for 2023 through 2029. With Heat Pump Water Heaters sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Heat Pump Water Heaters industry.
This Insight Report provides a comprehensive analysis of the global Heat Pump Water Heaters 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 Heat Pump Water Heaters portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Heat Pump Water Heaters market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Heat Pump Water Heaters 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 Heat Pump Water Heaters.
The global Heat Pump Water Heaters market size is projected to grow from US$ 1608 million in 2022 to US$ 1992.8 million in 2029; it is expected to grow at a CAGR of 1992.8 from 2023 to 2029.
As for the global heat pump water heater industry, the industry structure is relatively stable. The top ten manufacturers have 52% revenue market share. The Japan giant Panasonic, which has 8% market share, is the leader in the heat pump water heater industry. The manufacturers following Panasonic are Mitsubishi Electric and GE Appliances, which respectively has 7% and 6% market share globally. The GREE is the leader of China heat pump water heater industry.
This report presents a comprehensive overview, market shares, and growth opportunities of Heat Pump Water Heaters market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Air Source Heat Pump
Water Source Heat Pump
Ground Source Heat Pump
Segmentation by application
Residential Use
Commercial & Industrial Use
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 analyzing the company's coverage, product portfolio, its market penetration.
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
Key Questions Addressed in this Report
What is the 10-year outlook for the global Heat Pump Water Heaters market?
What factors are driving Heat Pump Water Heaters market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Heat Pump Water Heaters market opportunities vary by end market size?
How does Heat Pump Water Heaters break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

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