Heat Pump Water Heater Market 2024-2028
Incremental Growth2024-2028 (US$mn)
$ 11583.9
2024 Year-over-Year Growth
22.6%
CAGR (2024-2028)
29.08%
Report Coverage
Global
Heat Pump Water Heater Market Segmentation
Market Segmentation & Scope
Market Segment by Geographic Landscape
55%
of the growth will originate
from Europe
Global Market Size 2018 - 2028 (US$ Mn)
Market is segmented by Application into Residential, Commercial
The Residential is expected to be largest growing segment during 2024-2028
Largest Segment - Residential
US$ 5,004.80 Mn
Heat Pump Water Heater Market by Application into Residential; 2018-2028 (US$ Mn)
Residential Market Revenue and Forecast 2018-2028 (US$ Mn)Residential
- Residential Market Size and Forecast 2018 to 2028 (US$ Mn)
Heat Pump Water Heater Market by Application into Commercial; 2018-2028 (US$ Mn)
Commercial Market Revenue and Forecast 2018-2028 (US$ Mn)Commercial
- Commercial Market Size and Forecast 2018 to 2028 (US$ Mn)
Market is segmented by Type into Air source heat pump, Geothermal heat pump
The Air source heat pump is expected to be largest growing segment during 2024-2028
Largest Segment - Air source heat pump
US$ 5,944.40 Mn
Heat Pump Water Heater Market Size by Segmentation, by Type (US$ Mn)
| Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | CAGR (%) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Air source heat pump | 557.10 | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
| Geothermal heat pump | XX | 137.90 | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Heat Pump Water Heater Market by Type into Air source heat pump; 2018-2028 (US$ Mn)
Air source heat pump Market Revenue and Forecast 2018-2028 (US$ Mn)Air source heat pump
- Air source heat pump Market Size and Forecast 2018 to 2028 (US$ Mn)
Heat Pump Water Heater Market by Type into Geothermal heat pump; 2018-2028 (US$ Mn)
Geothermal heat pump Market Revenue and Forecast 2018-2028 (US$ Mn)Geothermal heat pump
- Geothermal heat pump Market Size and Forecast 2018 to 2028 (US$ Mn)
Market is segmented by Geography into Europe, North America, APAC, Middle East and Africa, South America
The Europe is estimated to contribute 55% to the growth of global market during the forecast period 2024-2028.
Largest Segment - Europe
55%
Regional share of different regions, including Europe, North America, APAC, Middle East and Africa
| Region | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | CAGR (%) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Europe | 223.20 | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
| North America | XX | 260.40 | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
| APAC | XX | XX | 185.00 | XX | XX | XX | XX | XX | XX | XX | XX | XX |
| Middle East and Africa | XX | XX | XX | 48.50 | 158.90 | XX | XX | XX | XX | XX | XX | XX |
| South America | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Heat Pump Water Heater Market Size by Geography into Europe; 2018-2028 (US$ Mn)
Europe Market Revenue and Forecast 2018-2028 (US$ Mn)Heat Pump Water Heater Market Size by Country into Germany; 2018-2028 (US$ Mn)
Germany Market Revenue and Forecast 2018-2028 (US$ Mn)Heat Pump Water Heater Market Size by Country into UK; 2018-2028 (US$ Mn)
UK Market Revenue and Forecast 2018-2028 (US$ Mn)Heat Pump Water Heater Market Size by Country into France; 2018-2028 (US$ Mn)
France Market Revenue and Forecast 2018-2028 (US$ Mn)Heat Pump Water Heater Market Size by Geography into North America; 2018-2028 (US$ Mn)
North America Market Revenue and Forecast 2018-2028 (US$ Mn)Heat Pump Water Heater Market Size by Country into US; 2018-2028 (US$ Mn)
US Market Revenue and Forecast 2018-2028 (US$ Mn)Heat Pump Water Heater Market Size by Geography into APAC; 2018-2028 (US$ Mn)
APAC Market Revenue and Forecast 2018-2028 (US$ Mn)Heat Pump Water Heater Market Size by Country into China; 2018-2028 (US$ Mn)
China Market Revenue and Forecast 2018-2028 (US$ Mn)Heat Pump Water Heater Market Size by Geography into Middle East and Africa; 2018-2028 (US$ Mn)
Middle East and Africa Market Revenue and Forecast 2018-2028 (US$ Mn)Heat Pump Water Heater Market Size by Geography into South America; 2018-2028 (US$ Mn)
South America Market Revenue and Forecast 2018-2028 (US$ Mn)Major Companies
Market Companies
| Name | Profile | Employees | Headquarters | Website | |
|---|---|---|---|---|---|
| A. O. Smith Corp. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Ariston Holding NV | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Bradford White Corp. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Carrier Global Corp. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Daikin Industries Ltd. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Fujitsu General Ltd. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Glen Dimplex Group. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Guangdong PHNIX Eco energy Solution Ltd. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Haier Smart Home Co. Ltd. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| LG Corp. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| MIDEA Group Co. Ltd. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Mitsubishi Heavy Industries Ltd. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| NIBE Industrier AB | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Nyle Systems LLC | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Panasonic Holdings Corp. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Rheem Manufacturing Co. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Rinnai Corp. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| STIEBEL ELTRON GmbH and Co. KG | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| V Guard Industries Ltd. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Vaillant GmbH | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com |
Heat Pump Water Heater Market Scope
- By Application
- Introduction / Key Findings
- Historical Market Size Value (US$ million) Analysis By Application, 2018 to 2022
- Current and Future Market Size Value (US$ million) Analysis and Forecast By Application, 2024 to 2028
- Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
- Absolute $ Opportunity Analysis By Application, 2024 to 2028
- By Type
- Introduction / Key Findings
- Historical Market Size Value (US$ million) Analysis By Type, 2018 to 2022
- Current and Future Market Size Value (US$ million) Analysis and Forecast By Type, 2024 to 2028
- Y-o-Y Growth Trend Analysis By Type, 2018 to 2022
- Absolute $ Opportunity Analysis By Type, 2024 to 2028
- By Region
- Introduction / Key Findings
- Historical Market Size Value (US$ million) Analysis By Region, 2018 to 2022
- Current and Future Market Size Value (US$ million) Analysis and Forecast By Region, 2024 to 2028
- Europe Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
- Historical Market Size Value (US$ million) Trend Analysis By Market, 2018 to 2022
- Market Size Value (US$ million) Forecast By Market, 2024 to 2028
- By Country
- By Application
- By Type
- North America Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
- Historical Market Size Value (US$ million) Trend Analysis By Market, 2018 to 2022
- Market Size Value (US$ million) Forecast By Market, 2024 to 2028
- By Country
- By Application
- By Type
- APAC Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
- Historical Market Size Value (US$ million) Trend Analysis By Market, 2018 to 2022
- Market Size Value (US$ million) Forecast By Market, 2024 to 2028
- By Country
- By Application
- By Type
- Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
- Historical Market Size Value (US$ million) Trend Analysis By Market, 2018 to 2022
- Market Size Value (US$ million) Forecast By Market, 2024 to 2028
- By Application
- By Type
- South America Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
- Historical Market Size Value (US$ million) Trend Analysis By Market, 2018 to 2022
- Market Size Value (US$ million) Forecast By Market, 2024 to 2028
- By Application
- By Type
Major Companies
Market companies
| Name | Profile | Employees | Headquarters | Website | |
|---|---|---|---|---|---|
| A. O. Smith Corp. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Ariston Holding NV | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Bradford White Corp. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Carrier Global Corp. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Daikin Industries Ltd. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Fujitsu General Ltd. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Glen Dimplex Group. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Guangdong PHNIX Eco energy Solution Ltd. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Haier Smart Home Co. Ltd. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| LG Corp. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| MIDEA Group Co. Ltd. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Mitsubishi Heavy Industries Ltd. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| NIBE Industrier AB | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Nyle Systems LLC | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Panasonic Holdings Corp. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Rheem Manufacturing Co. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Rinnai Corp. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| STIEBEL ELTRON GmbH and Co. KG | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| V Guard Industries Ltd. | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com | |
| Vaillant GmbH | View Profile | 101-250 | Santa Clara, California, United States, North America | avinetworks.com |
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