Global Hybrid Water Heaters Market Growth 2025-2031

The global Hybrid Water Heaters market size is predicted to grow from US$ 1718 million in 2025 to US$ 2065 million in 2031; it is expected to grow at a CAGR of 3.1% from 2025 to 2031.

A hybrid water heater, also known as a heat pump water heater, combines everything we love about a standard water heater with the benefit of an energy-efficient heat pump. If you live in a warm climate and your home"s appliances are all electric (not gas), a hybrid water heater might be right for you.

Hybrid water heaters have a storage tank just like traditional standard tank water heaters. It is the way that the water is heated that makes them unique. Instead of creating heat, the hybrid water heater moves heat from the surrounding air into a converter that uses it to heat the water using a heat pump.

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

This Insight Report provides a comprehensive analysis of the global Hybrid 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 Hybrid Water Heaters portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Hybrid Water Heaters market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Hybrid 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 Hybrid Water Heaters.

This report presents a comprehensive overview, market shares, and growth opportunities of Hybrid Water Heaters market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Air Source Heat Pump
Water Source Heat Pump
Ground Source Heat Pump

Segmentation by Application:
Residential
Commercial and Industrial

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
Mitsubishi Electric
GE Appliances
GREE
Midea
Darkin
A. O. Smith
Hitachi
Jandy
Wotech
Zhongguang
Pentair
New Energy
Dimplex
Hayward
Viessmann
Toshiba
Alpha-Innotec
Tongyi
Zhongrui
Thermia
Itomic
Rheem
Westinghouse
Ochsner
Stiebel-Eltron

Key Questions Addressed in this Report

What is the 10-year outlook for the global Hybrid Water Heaters market?

What factors are driving Hybrid Water Heaters market growth, globally and by region?

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

How do Hybrid Water Heaters market opportunities vary by end market size?

How does Hybrid Water Heaters break out by Type, by Application?

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