Heat pump water heater market: Growth opportunities led by A. O. Smith Corp, Ariston Holding NV, Bradford White Corp

NEW YORK, December 9, 2022 /PRNewswire/ — The heat pump water heater market is forecast to increase in size by $7,218.42 million at a CAGR of 24.07% from 2022 to 2027, according to Technavio’s latest market research. The advantages of heat pump water heaters and new product launches will propel the growth of the market.

Technavio has announced its latest market research report titled Global Heat Pump Water Heater Market 2023-2027

Technavio categorizes the global heat pump water heater market as part of the electrical components and equipment market, which includes products and companies engaged in the manufacture of electrical cable and wire, electrical components and electrical equipment.

This report provides charts and data tables of market and segment sizes for a historical period of five years (2017-2021). Download the sample report.

Technavio extensively analyzed 15 major vendors including AO 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 Group.

Key Benefits for Industry Players and Stakeholders –

  • The report provides information on the criticality of supplier inputs including R&D, CAPEX and technology.

  • It also offers detailed analyzes of the competitive landscape of the market and the product offerings of the vendors.

  • The report also offers qualitative and quantitative analysis of vendors to help clients understand the broader business environment and the strengths and weaknesses of the key market players. The data is analyzed qualitatively to categorize vendors as pure play, category-focused, industry-focused, and diversified; It is quantitatively analyzed to categorize vendors as dominant, leading, strong, timid, and weak.

The story goes on

Expand operations in the future – To get the details you need, request a custom report.

Customer Landscape – Analysis of Technavio’s price sensitivity, adoption lifecycle, customer purchase basket, adoption rates and purchase criteria

  • One of the core components of the customer landscape is price sensitivity, analyzing which will help companies refine marketing strategies to gain a competitive advantage.

  • Another important aspect are price sensitivity drivers (purchases are undifferentiated, purchase is a significant cost to buyers and quality is not important), ranging between LOW and HIGH.

  • In addition, market acceptance rates have been covered for all regions.

Download the sample to get a holistic view of the Heat Pump Water Heater market from industry experts to assess and develop growth strategies.

The market is segmented by application (residential and commercial), type (air source heat pump and geothermal heat pump) and geography (Europe, North AmericaAPAC, middle East and Africaand South America).

Segmentation by Application (Residential/Commercial)

  • Residential: Heat pump water heaters are very popular in residential buildings due to their various benefits including their high efficiency and sustainable alternative to traditional heating systems. As heat pump water heaters become more important in residential construction, changes in residential construction are directly affecting the demand for them. The market for heat pump water heaters is driven by the growing demand for energy efficient products specifically designed for domestic and residential water heating applications. The market for residential heat pump water heaters is expected to grow due to positive government initiatives and tax breaks granted for the installation of energy-saving appliances.

Buy a report to get detailed insights into inclusions and exclusions.

Related Reports –

Geothermal Heat Pump Market by End User and Geography – Forecast and Analysis 2022-2026 – According to the latest market study by Technavio, is projected to increase in size by USD 4.89 billion from 2022 to 2027 at an accelerated CAGR of 8.36% . Additionally, this report covers in detail Geothermal Heat Pumps market segmentation by end-user (residential and non-residential) and geography (Europe, North AmericaAPAC, South Americaand middle East and Africa).

Submersible Pumps Market by Application and Geography – Forecast and Analysis 2022-2026 – The size is expected to increase by $5.05 billion from 2022 to 2027 at an accelerated CAGR of 3.63% according to Technavio’s latest market study. Furthermore, this report extensively covers Submersible Pumps market segmentation by Application (Borehole and Openhole) and Geography (APAC, Europe, North Americathe middle East and Africaand South America)

What are the key data in the Heat Pump Water Heater market?

  • CAGR of the market during the forecast period

  • Detailed information on factors that will propel Heat Pump Water Heater Market growth from 2023-2027

  • Precisely estimates the size of the Heat Pump Water Heater market and its contribution to the parent market

  • Accurate predictions about upcoming trends and changes in consumer behavior

  • APAC Heat Pump Water Heater Market Growth, North America, Europe, middle East and Africaand South America

  • A thorough analysis of the competitive landscape of the market and detailed information about vendors

  • Comprehensive analysis of factors that will challenge the growth of the Heat Pump Water Heater market vendors

Heat Pump Water Heater Market Scope

report coverage

details

page number

166

base year

2022

historical period

2017-2021

forecast period

2023-2027

Growth Dynamics & CAGR

Accelerate with a CAGR of 24.07%

Market growth 2023-2027

$7218.42 million

market structure

fragmented

YoY growth 2022-2023 (%)

20.5

Regional Analysis

Europe, North America, APAC, Middle East & Africa and South America

make a market contribution

Europe at 54%

key countries

USA, China, France, Germany and Great Britain

competitive landscape

Leading Vendors, Vendor Market Positioning, Competitive Strategies, and Industry Risks

Important companies in profile

AO 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 und Co. KG, V Guard Industries Ltd . and Vaillant Group

market dynamics

master market analysis; market growth triggers and barriers; Fast Growing and Slow Growing Segment Analysis for the Forecast Period

customization area

If our report does not contain the data you are looking for, you can contact our analysts and have segments adjusted.

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Table of Contents

1. Summary

2 market landscape

3 market size

4 Historical market size

5 Five Forces Analysis

6 Market Segmentation by Application

7 Market Segmentation by Type

8 customer landscape

9 Geographical Landscape

10 drivers, challenges and trends

11 provider landscape

12 Vendor Analysis

13 Appendix

about us

Technavio is a leading global technology research and consulting firm. Her research and analysis focuses on trends in emerging markets and provides actionable insights that help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library, their client base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s extensive reporting, extensive research and actionable market insights to identify opportunities in existing and potential markets and to assess their competitive position in changing market scenarios.

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Technavio Research
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Website: www.technavio.com/

Global Heat Pump Water Heater Market 2023-2027

Global Heat Pump Water Heater Market 2023-2027

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SOURCE Technavio

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