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The heat pump water heater market is forecasted to grow by USD 11.58 billion during 2023-2028, accelerating at a CAGR of 29.08% during the forecast period. The report on the heat pump water heater market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by advantages of heat pump water heaters, growing initiatives to support renewable power, and rising global energy consumption.
The heat pump water heater market is segmented as below:
By Application
- Residential
- Commercial
By Type
- Air source heat pump
- Geothermal heat pump
By Geographical Landscape
- Europe
- North America
- APAC
- Middle East and Africa
- South America
The report on the heat pump water heater market covers the following areas:
- Heat pump water heater market sizing
- Heat pump water heater market forecast
- Heat pump water heater market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global heat pump water heater market: A. O. Smith Corp., Ariston Holding NV, Bradford White Corp., Carrier Global Corp., Daikin Industries Ltd., Fujitsu General Ltd., Glen Dimplex Group., Guangdong PHNIX Eco energy Solution Ltd., Haier Smart Home Co. Ltd., LG Corp., MIDEA Group Co. Ltd., Mitsubishi Heavy Industries Ltd., NIBE Industrier AB, Nyle Systems LLC, Panasonic Holdings Corp., Rheem Manufacturing Co., Rinnai Corp., STIEBEL ELTRON GmbH and Co. KG, V Guard Industries Ltd., and Vaillant GmbH.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is new product launches."
According to the report, one of the major drivers for this market is the advantages of heat pump water heaters.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- A. O. Smith Corp.
- Ariston Holding NV
- Bradford White Corp.
- Carrier Global Corp.
- Daikin Industries Ltd.
- Fujitsu General Ltd.
- Glen Dimplex Group.
- Guangdong PHNIX Eco energy Solution Ltd.
- Haier Smart Home Co. Ltd.
- LG Corp.
- MIDEA Group Co. Ltd.
- Mitsubishi Heavy Industries Ltd.
- NIBE Industrier AB
- Nyle Systems LLC
- Panasonic Holdings Corp.
- Rheem Manufacturing Co.
- Rinnai Corp.
- STIEBEL ELTRON GmbH and Co. KG
- V Guard Industries Ltd.
- Vaillant GmbH
