Heat Pump Water Heater Global Market Report 2025

Global Heat Pump Water Heater Market Report 2024

Heat Pump Water Heater Global Market Report 2025 – By Type (Air-To-Air Heat Pump Water Heater, Air-To-Water Heat Pump Water Heater, Water Source Heat Pump Water Heater, Ground Source (Geothermal) Heat Pump Water Heater, Hybrid Heat Pump Water Heater), By Energy Source Compatibility (Electricity, Dual-Fuel (Electric And Gas)), By Capacity (Traditional Heat Pump Water Heaters, Advanced Heat Pump Water Heaters), By Price Range (Economy Heat Pump Water Heaters, Mid-Range Heat Pump Water Heaters, Premium Heat Pump Water Heaters), By End-User (Residential, Commercial, Industrial) – Market Size, Trends, And Global Forecast 2025-2034

Name: Heat Pump Water Heater Global Market Report 2025
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Heat Pump Water Heater Global Market Report 2025

Report Price : $4490.00 | Pages : 175 | Published : January 2025 | Delivery Time: 2-3 business days | Format : pdf

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Heat Pump Water Heater Global Market Report 2025

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Heat Pump Water Heater Market Definition

A heat pump water heater (HPWH) is a type of water heating system that utilizes a heat pump to transfer heat from the surrounding air or ground to heat water for domestic use. These water heaters contribute to reduced Electricity consumption and greenhouse gas emissions compared to traditional water heating methods.

The main types of heat pump water heaters are air-to-air heat pump water heaters, air-to-water heat pump water heaters, water source heat pump water heaters, ground source (geothermal) heat pump water heaters, and hybrid heat pump water heaters. Air-to-air heat pump water heater refers to a type of heat pump water heater that uses ambient air as a heat source to heat water. Energy sources used are electricity, and dual-fuel (electric and gas), that have the capacity of Traditional Heat Pump Water Heaters and advanced heat pump water heaters. The price range includes economy heat pump water heaters, mid-range heat pump water heaters, and premium heat pump water heaters, and can be used by residential, commercial, and industries.

Heat Pump Water Heater Market Segmentation

The heat pump water heater market covered in this report is segmented –

1) By Type: Air-To-Air Heat Pump Water Heater, Air-To-Water Heat Pump Water Heater, Water Source Heat Pump Water Heater, Ground Source (Geothermal) Heat Pump Water Heater, Hybrid Heat Pump Water Heater

2) By Energy Source Compatibility: Electricity, Dual-Fuel (Electric And Gas)

3) By Capacity: Traditional Heat Pump Water Heaters, Advanced Heat Pump Water Heaters

4) By Price Range: Economy Heat Pump Water Heaters, Mid-Range Heat Pump Water Heaters, Premium Heat Pump Water Heaters

5) By End-User: Residential, Commercial, Industrial

Subsegments:

1) By Air-To-Air Heat Pump Water Heater: Single-Stage Air-To-Air Heat Pump Water Heater, Two-Stage Air-To-Air Heat Pump Water Heater

2) By Air-To-Water Heat Pump Water Heater: Residential Air-To-Water Heat Pump Water Heater, Commercial Air-To-Water Heat Pump Water Heater

3) By Water Source Heat Pump Water Heater: Closed-Loop Water Source Heat Pump Water Heater, Open-Loop Water Source Heat Pump Water Heater

4) By Ground Source (Geothermal) Heat Pump Water Heater: Horizontal Ground Source Heat Pump Water Heater, Vertical Ground Source Heat Pump Water Heater

5) By Hybrid Heat Pump Water Heater: Plug-And-Play Hybrid Heat Pump Water Heater, Integrated Hybrid Heat Pump Water Heater

Heat Pump Water Heater Market Size and growth rate 2025 to 2029: Graph

Heat Pump Water Heater Market Size 2025 And Growth Rate

The heat pump water heater market size has grown strongly in recent years. It will grow from $2.45 billion in 2024 to $2.66 billion in 2025 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to energy efficiency incentives, utility cost savings, environmental awareness, market penetration, building codes and standards, consumer preferences.

Heat Pump Water Heater Market Growth Forecast

The heat pump water heater market size is expected to see strong growth in the next few years. It will grow to $3.6 billion in 2029 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to increasing electricity grid integration, increasing net-zero building trends, increasing market competition and innovation, increasing energy performance labeling, increasing residential and commercial retrofit programs, increasing climate resilience and adaptation. Major trends in the forecast period include shift towards energy-efficient solutions, adoption of heat pump water heaters, integration with smart home systems, growth in demand driven by government incentives, expansion of offerings with improved efficiency, increasing use in conjunction with renewable energy, development of hybrid heat pump water heaters, integration in sustainable building designs, innovation in heat pump technology.

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Heat Pump Water Heater Market Driver: Renewable Energy Boosts Heat Pump Water Heater Market Growth

The increased use of renewable energy sources is expected to propel the heat pump water heater market going forward. Renewable energy sources are forms of energy derived from natural processes that are constantly replenished. The growing public concern on climate change has LED to increased demand for renewable energy and environmental protection. Heat pumps are highly energy-efficient and align with clean energy technologies by promoting sustainability and energy conservation in residential and commercial settings. For instance, in January 2024, according to the European Commission, a UK-based governing body, the European Union (EU) reached a 23.0% share of its gross final energy consumption from renewable sources in 2022, an increase of around 1.1 percentage points. Therefore, the increasing use of renewable energy sources is driving the growth of the heat pump water heater market.

Global Heat Pump Water Heater Market Major Players

Major companies operating in the heat pump water heater market are Samsung Electronics Co. Ltd., Robert Bosch GmbH, Panasonic Holdings Corporation, LG Electronics Inc., Midea Group, Haier Group Corporation, Mitsubishi Heavy Industries Ltd., Daikin Industries Ltd., Johnson Controls International plc, Carrier Global Corporation, Whirlpool Corporation, Trane Technologies Company LLC, Danfoss, A. O. Smith Corporation, Rinnai Corporation, Havells India Ltd., Ariston Thermo S.p.A, Rheem Manufacturing Company, Stiebel Eltron Inc., Vaillant Group International GmbH, V-Guard Industries Ltd., Bradford White Corporation, NORITZ Corporation, Glen Dimplex Deutschland GmbH, Bryant Heating & Cooling Systems

Global Heat Pump Water Heater Market Trend: Hybrid Electric Heat Pump Water Heaters Revolutionize The Market

Major companies operating in the heat pump water heater market are increasing their focus on developing hybrid electric heat pump water heaters to gain a competitive edge. A hybrid electric heat pump water heater is a type of water heating system that combines the technology of a heat pump with traditional electric resistance heating elements. This innovative design allows the system to operate in multiple modes, selecting the most energy-efficient option based on the surrounding conditions and demand for hot water. For instance, in September 2022, A. O. Smith Corporation, a US-based water heaters and boilers manufacturer, launched the Voltex AL (anti-leak) smart hybrid electric heat pump water heater line. The Voltex AL model is the most energy-efficient water heater, with the highest overall uniform energy factor (UEF) of 4.02 with the 66-gallon unit. It comes with iCOMM smart connectivity, allowing homeowners to control their water heaters and receive alerts and notifications through the A.O. Smith app. The Voltex AL model also features integrated leak detection, smart connectivity, and updated water connections, making IT suitable for various new and retrofit applications.

Heat Pump Water Heater Market Merger And Acquisition: Johnson Controls Expands Industrial Heat Pump Portfolio With Acquisition Of Hybrid Energy AS

In January 2023, Johnson Controls, an Ireland-based conglomerate company, acquired Hybrid Energy AS for an undisclosed amount. Through this acquisition, Johnson Controls aims to enhance its industrial heat pump portfolio and address high-temperature heating needs with a hybrid heat pump solution. This move will set new standards for clean energy globally and significantly reduce greenhouse gas emissions. Hybrid Energy is a Norway-based provider of high-temperature energy management solutions with a focus on heat pumps for district heating and industrial processes.

Regional Outlook For The Global Heat Pump Water Heater Market

Asia-Pacific was the largest region in the heat pump water heater market in 2024. The regions covered in the heat pump water heater market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the heat pump water heater market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Heat Pump Water Heater Market?

The heat pump water heater market consists of sales of evaporator coils, refrigerants, compressors, condenser coils, and heat exchangers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Heat Pump Water Heater Industry?

The heat pump water heaters market research report is one of a series of new reports from The Business Research Company that provides heat pump water heaters market statistics, including heat pump water heaters industry global market size, regional shares, competitors with a heat pump water heaters market share, detailed heat pump water heaters market segments, market trends and opportunities, and any further data you may need to thrive in the heat pump water heaters industry. This heat pump water heaters market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Heat Pump Water Heater Market Report Forecast Analysis

Report Attribute	Details
Market Size Value In 2025	$2.66 billion
Revenue Forecast In 2034	$3.6 billion
Growth Rate	CAGR of 7.8% from 2025 to 2034
Base Year For Estimation	2024
Actual Estimates/Historical Data	2019-2024
Forecast Period	2025 - 2029 - 2034
Market Representation	Revenue in USD Billion and CAGR from 2025 to 2034
Segments Covered	1) By Type: Air-To-Air Heat Pump Water Heater, Air-To-Water Heat Pump Water Heater, Water Source Heat Pump Water Heater, Ground Source (Geothermal) Heat Pump Water Heater, Hybrid Heat Pump Water Heater 2) By Energy Source Compatibility: Electricity, Dual-Fuel (Electric And Gas) 3) By Capacity: Traditional Heat Pump Water Heaters, Advanced Heat Pump Water Heaters 4) By Price Range: Economy Heat Pump Water Heaters, Mid-Range Heat Pump Water Heaters, Premium Heat Pump Water Heaters 5) By End-User: Residential, Commercial, Industrial Subsegments: 1) By Air-To-Air Heat Pump Water Heater: Single-Stage Air-To-Air Heat Pump Water Heater, Two-Stage Air-To-Air Heat Pump Water Heater 2) By Air-To-Water Heat Pump Water Heater: Residential Air-To-Water Heat Pump Water Heater, Commercial Air-To-Water Heat Pump Water Heater 3) By Water Source Heat Pump Water Heater: Closed-Loop Water Source Heat Pump Water Heater, Open-Loop Water Source Heat Pump Water Heater 4) By Ground Source (Geothermal) Heat Pump Water Heater: Horizontal Ground Source Heat Pump Water Heater, Vertical Ground Source Heat Pump Water Heater 5) By Hybrid Heat Pump Water Heater: Plug-And-Play Hybrid Heat Pump Water Heater, Integrated Hybrid Heat Pump Water Heater
Regional Scope	Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Samsung Electronics Co. Ltd., Robert Bosch GmbH, Panasonic Holdings Corporation, LG Electronics Inc., Midea Group, Haier Group Corporation, Mitsubishi Heavy Industries Ltd., Daikin Industries Ltd., Johnson Controls International plc, Carrier Global Corporation, Whirlpool Corporation, Trane Technologies Company LLC, Danfoss, A. O. Smith Corporation, Rinnai Corporation, Havells India Ltd., Ariston Thermo S.p.A, Rheem Manufacturing Company, Stiebel Eltron Inc., Vaillant Group International GmbH, V-Guard Industries Ltd., Bradford White Corporation, NORITZ Corporation, Glen Dimplex Deutschland GmbH, Bryant Heating & Cooling Systems
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Heat Pump Water Heater Market Characteristics

3. Heat Pump Water Heater Market Trends And Strategies

4. Heat Pump Water Heater Market - Macro Economic Scenario Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Covid And Recovery On The Market

5. Global Heat Pump Water Heater Growth Analysis And Strategic Analysis Framework

5.1. Global Heat Pump Water Heater PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

5.2. Analysis Of End Use Industries

5.3. Global Heat Pump Water Heater Market Growth Rate Analysis

5.4. Global Heat Pump Water Heater Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

5.5. Global Heat Pump Water Heater Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

5.6. Global Heat Pump Water Heater Total Addressable Market (TAM)

6. Heat Pump Water Heater Market Segmentation

6.1. Global Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Air-To-Air Heat Pump Water Heater

Air-To-Water Heat Pump Water Heater

Water Source Heat Pump Water Heater

Ground Source (Geothermal) Heat Pump Water Heater

Hybrid Heat Pump Water Heater

6.2. Global Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Electricity

Dual-Fuel (Electric And Gas)

6.3. Global Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Traditional Heat Pump Water Heaters

Advanced Heat Pump Water Heaters

6.4. Global Heat Pump Water Heater Market, Segmentation By Price Range, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Economy Heat Pump Water Heaters

Mid-Range Heat Pump Water Heaters

Premium Heat Pump Water Heaters

6.5. Global Heat Pump Water Heater Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Residential

Commercial

Industrial

6.6. Global Heat Pump Water Heater Market, Sub-Segmentation Of Air-To-Air Heat Pump Water Heater, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Single-Stage Air-To-Air Heat Pump Water Heater

Two-Stage Air-To-Air Heat Pump Water Heater

6.7. Global Heat Pump Water Heater Market, Sub-Segmentation Of Air-To-Water Heat Pump Water Heater, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Residential Air-To-Water Heat Pump Water Heater

Commercial Air-To-Water Heat Pump Water Heater

6.8. Global Heat Pump Water Heater Market, Sub-Segmentation Of Water Source Heat Pump Water Heater, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Closed-Loop Water Source Heat Pump Water Heater

Open-Loop Water Source Heat Pump Water Heater

6.9. Global Heat Pump Water Heater Market, Sub-Segmentation Of Ground Source (Geothermal) Heat Pump Water Heater, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Horizontal Ground Source Heat Pump Water Heater

Vertical Ground Source Heat Pump Water Heater

6.10. Global Heat Pump Water Heater Market, Sub-Segmentation Of Hybrid Heat Pump Water Heater, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Plug-And-Play Hybrid Heat Pump Water Heater

Integrated Hybrid Heat Pump Water Heater

7. Heat Pump Water Heater Market Regional And Country Analysis

7.1. Global Heat Pump Water Heater Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

7.2. Global Heat Pump Water Heater Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Heat Pump Water Heater Market

8.1. Asia-Pacific Heat Pump Water Heater Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.3. Asia-Pacific Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.4. Asia-Pacific Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Heat Pump Water Heater Market

9.1. China Heat Pump Water Heater Market Overview

9.2. China Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.3. China Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.4. China Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Heat Pump Water Heater Market

10.1. India Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.2. India Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.3. India Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Heat Pump Water Heater Market

11.1. Japan Heat Pump Water Heater Market Overview

11.2. Japan Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.3. Japan Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.4. Japan Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Heat Pump Water Heater Market

12.1. Australia Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.2. Australia Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.3. Australia Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Heat Pump Water Heater Market

13.1. Indonesia Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.2. Indonesia Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.3. Indonesia Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Heat Pump Water Heater Market

14.1. South Korea Heat Pump Water Heater Market Overview

14.2. South Korea Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.3. South Korea Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.4. South Korea Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Heat Pump Water Heater Market

15.1. Western Europe Heat Pump Water Heater Market Overview

15.2. Western Europe Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.3. Western Europe Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.4. Western Europe Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Heat Pump Water Heater Market

16.1. UK Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.2. UK Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.3. UK Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Heat Pump Water Heater Market

17.1. Germany Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.2. Germany Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.3. Germany Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Heat Pump Water Heater Market

18.1. France Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.2. France Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.3. France Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Heat Pump Water Heater Market

19.1. Italy Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.2. Italy Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.3. Italy Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Heat Pump Water Heater Market

20.1. Spain Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.2. Spain Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.3. Spain Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Heat Pump Water Heater Market

21.1. Eastern Europe Heat Pump Water Heater Market Overview

21.2. Eastern Europe Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.3. Eastern Europe Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.4. Eastern Europe Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Heat Pump Water Heater Market

22.1. Russia Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.2. Russia Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.3. Russia Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Heat Pump Water Heater Market

23.1. North America Heat Pump Water Heater Market Overview

23.2. North America Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.3. North America Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.4. North America Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Heat Pump Water Heater Market

24.1. USA Heat Pump Water Heater Market Overview

24.2. USA Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.3. USA Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.4. USA Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Heat Pump Water Heater Market

25.1. Canada Heat Pump Water Heater Market Overview

25.2. Canada Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.3. Canada Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.4. Canada Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Heat Pump Water Heater Market

26.1. South America Heat Pump Water Heater Market Overview

26.2. South America Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.3. South America Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.4. South America Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Heat Pump Water Heater Market

27.1. Brazil Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.2. Brazil Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.3. Brazil Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Heat Pump Water Heater Market

28.1. Middle East Heat Pump Water Heater Market Overview

28.2. Middle East Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.3. Middle East Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.4. Middle East Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Heat Pump Water Heater Market

29.1. Africa Heat Pump Water Heater Market Overview

29.2. Africa Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.3. Africa Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.4. Africa Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Heat Pump Water Heater Market Competitive Landscape And Company Profiles

30.1. Heat Pump Water Heater Market Competitive Landscape

30.2. Heat Pump Water Heater Market Company Profiles

30.2.1. Samsung Electronics Co. Ltd. Overview, Products and Services, Strategy and Financial Analysis

30.2.2. Robert Bosch GmbH Overview, Products and Services, Strategy and Financial Analysis

30.2.3. Panasonic Holdings Corporation Overview, Products and Services, Strategy and Financial Analysis

30.2.4. LG Electronics Inc. Overview, Products and Services, Strategy and Financial Analysis

30.2.5. Midea Group Overview, Products and Services, Strategy and Financial Analysis

31. Heat Pump Water Heater Market Other Major And Innovative Companies

31.1. Haier Group Corporation

31.2. Mitsubishi Heavy Industries Ltd.

31.3. Daikin Industries Ltd.

31.4. Johnson Controls International plc

31.5. Carrier Global Corporation

31.6. Whirlpool Corporation

31.7. Trane Technologies Company LLC

31.8. Danfoss

31.9. A. O. Smith Corporation

31.10. Rinnai Corporation

31.11. Havells India Ltd.

31.12. Ariston Thermo S.p.A

31.13. Rheem Manufacturing Company

31.14. Stiebel Eltron Inc.

31.15. Vaillant Group International GmbH

32. Global Heat Pump Water Heater Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Heat Pump Water Heater Market

34. Recent Developments In The Heat Pump Water Heater Market

35. Heat Pump Water Heater Market High Potential Countries, Segments and Strategies

35.1 Heat Pump Water Heater Market In 2029 - Countries Offering Most New Opportunities

35.2 Heat Pump Water Heater Market In 2029 - Segments Offering Most New Opportunities

35.3 Heat Pump Water Heater Market In 2029 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2019-2024, $ Billion

Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion

Table 3: Global Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 4: Global Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 5: Global Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 6: Global Heat Pump Water Heater Market, Segmentation By Price Range, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 7: Global Heat Pump Water Heater Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 8: Global Heat Pump Water Heater Market, Sub-Segmentation Of Air-To-Air Heat Pump Water Heater, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 9: Global Heat Pump Water Heater Market, Sub-Segmentation Of Air-To-Water Heat Pump Water Heater, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 10: Global Heat Pump Water Heater Market, Sub-Segmentation Of Water Source Heat Pump Water Heater, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 11: Global Heat Pump Water Heater Market, Sub-Segmentation Of Ground Source (Geothermal) Heat Pump Water Heater, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 12: Global Heat Pump Water Heater Market, Sub-Segmentation Of Hybrid Heat Pump Water Heater, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 13: Global Heat Pump Water Heater Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 14: Global Heat Pump Water Heater Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 15: Asia-Pacific, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 16: Asia-Pacific, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 17: Asia-Pacific, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 18: China, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 19: China, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 20: China, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 21: India, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 22: India, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 23: India, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 24: Japan, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 25: Japan, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 26: Japan, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 27: Australia, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 28: Australia, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 29: Australia, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 30: Indonesia, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 31: Indonesia, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 32: Indonesia, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 33: South Korea, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 34: South Korea, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 35: South Korea, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 36: Western Europe, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 37: Western Europe, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 38: Western Europe, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 39: UK, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 40: UK, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 41: UK, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 42: Germany, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 43: Germany, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 44: Germany, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 45: France, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 46: France, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 47: France, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 48: Italy, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 49: Italy, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 50: Italy, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 51: Spain, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 52: Spain, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 53: Spain, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 54: Eastern Europe, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 55: Eastern Europe, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 56: Eastern Europe, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 57: Russia, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 58: Russia, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 59: Russia, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 60: North America, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 61: North America, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 62: North America, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 63: USA, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 64: USA, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 65: USA, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 66: Canada, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 67: Canada, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 68: Canada, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 69: South America, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 70: South America, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 71: South America, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 72: Brazil, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 73: Brazil, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 74: Brazil, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 75: Middle East, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 76: Middle East, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 77: Middle East, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 78: Africa, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 79: Africa, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 80: Africa, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 81: Samsung Electronics Co. Ltd. Financial Performance

Table 82: Robert Bosch GmbH Financial Performance

Table 83: Panasonic Holdings Corporation Financial Performance

Table 84: LG Electronics Inc. Financial Performance

Table 85: Midea Group Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2019-2024, $ Billion

Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion

Figure 3: Global Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 4: Global Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 5: Global Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 6: Global Heat Pump Water Heater Market, Segmentation By Price Range, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 7: Global Heat Pump Water Heater Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 8: Global Heat Pump Water Heater Market, Sub-Segmentation Of Air-To-Air Heat Pump Water Heater, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 9: Global Heat Pump Water Heater Market, Sub-Segmentation Of Air-To-Water Heat Pump Water Heater, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 10: Global Heat Pump Water Heater Market, Sub-Segmentation Of Water Source Heat Pump Water Heater, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 11: Global Heat Pump Water Heater Market, Sub-Segmentation Of Ground Source (Geothermal) Heat Pump Water Heater, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 12: Global Heat Pump Water Heater Market, Sub-Segmentation Of Hybrid Heat Pump Water Heater, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 13: Global Heat Pump Water Heater Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 14: Global Heat Pump Water Heater Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 15: Asia-Pacific, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 16: Asia-Pacific, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 17: Asia-Pacific, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 18: China, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 19: China, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 20: China, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 21: India, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 22: India, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 23: India, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 24: Japan, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 25: Japan, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 26: Japan, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 27: Australia, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 28: Australia, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 29: Australia, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 30: Indonesia, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 31: Indonesia, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 32: Indonesia, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 33: South Korea, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 34: South Korea, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 35: South Korea, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 36: Western Europe, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 37: Western Europe, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 38: Western Europe, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 39: UK, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 40: UK, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 41: UK, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 42: Germany, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 43: Germany, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 44: Germany, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 45: France, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 46: France, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 47: France, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 48: Italy, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 49: Italy, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 50: Italy, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 51: Spain, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 52: Spain, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 53: Spain, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 54: Eastern Europe, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 55: Eastern Europe, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 56: Eastern Europe, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 57: Russia, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 58: Russia, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 59: Russia, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 60: North America, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 61: North America, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 62: North America, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 63: USA, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 64: USA, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 65: USA, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 66: Canada, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 67: Canada, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 68: Canada, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 69: South America, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 70: South America, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 71: South America, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 72: Brazil, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 73: Brazil, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 74: Brazil, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 75: Middle East, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 76: Middle East, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 77: Middle East, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 78: Africa, Heat Pump Water Heater Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 79: Africa, Heat Pump Water Heater Market, Segmentation By Energy Source Compatibility, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 80: Africa, Heat Pump Water Heater Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 81: Samsung Electronics Co. Ltd. Financial Performance

Figure 82: Robert Bosch GmbH Financial Performance

Figure 83: Panasonic Holdings Corporation Financial Performance

Figure 84: LG Electronics Inc. Financial Performance

Figure 85: Midea Group Financial Performance

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Smart Water Management Global Market Report 2025 – By Offering (Water Meters, Solutions, Services ), By Product Type (Advanced Water Meters, Meter Read Technology, Cellular Network), By End User (Residential, Commercial, Industrial) – Market Size, Trends, And Global Forecast 2025-2034

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Waterjet Cutting Machine Global Market Report 2025 – By Product (3D Waterjet Cutting Machines, Micro Waterjet Cutting Machines, Robotics Waterjet Cutting Machines), By Technology (Pure, Abrasive), By Pump Type (Direct Drive Pump, Hydraulic Intensifier Pump), By Application (Exotic metal and Non-Traditional Material Cutting, Ceramic/Stone Cutting, Glass/Metal Art, Gasket Cutting, Other Applications), By Industry (Electronics, Metal Fabrication, Automotive, Aerospace, Food Processing, Textile, Other Industries) – Market Size, Trends, And Global Forecast 2025-2034

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Agricultural Wastewater Treatment Global Market Report 2025 – By Technology (Physical Solutions, Chemical Solutions, Biological Solutions), By Pollutant Source (Point Source, Non-Point Source), By Application (Farming, Soil Resources, Groundwater Resources, Dairy, Other Applications) – Market Size, Trends, And Global Forecast 2025-2034

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Frequently Asked Questions

What is the definition of the Heat Pump Water Heater market?

A heat pump water heater (HPWH) is a type of water heating system that utilizes a heat pump to transfer heat from the surrounding air or ground to heat water for domestic use. These water heaters contribute to reduced electricity consumption and greenhouse gas emissions compared to traditional water heating methods. For further insights on the Heat Pump Water Heater market, request a sample here

How will the Heat Pump Water Heater market drivers and restraints affect the market dynamics? What forces will shape the Heat Pump Water Heater industry going forward?

The Heat Pump Water Heater market major growth driver - Renewable Energy Boosts Heat Pump Water Heater Market Growth. For further insights on the Heat Pump Water Heater market, request a sample here

What is the forecast market size or the forecast market value of the Heat Pump Water Heater market?

The Heat Pump Water Heater market size has grown strongly in recent years. The heat pump water heater market size has grown strongly in recent years. It will grow from $2.45 billion in 2024 to $2.66 billion in 2025 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to energy efficiency incentives, utility cost savings, environmental awareness, market penetration, building codes and standards, consumer preferences. The heat pump water heater market size is expected to see strong growth in the next few years. It will grow to $3.6 billion in 2029 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to increasing electricity grid integration, increasing net-zero building trends, increasing market competition and innovation, increasing energy performance labeling, increasing residential and commercial retrofit programs, increasing climate resilience and adaptation. Major trends in the forecast period include shift towards energy-efficient solutions, adoption of heat pump water heaters, integration with smart home systems, growth in demand driven by government incentives, expansion of offerings with improved efficiency, increasing use in conjunction with renewable energy, development of hybrid heat pump water heaters, integration in sustainable building designs, innovation in heat pump technology. For further insights on the Heat Pump Water Heater market, request a sample here

How is the Heat Pump Water Heater market segmented?

The heat pump water heater market covered in this report is segmented –
1) By Type: Air-To-Air Heat Pump Water Heater, Air-To-Water Heat Pump Water Heater, Water Source Heat Pump Water Heater, Ground Source (Geothermal) Heat Pump Water Heater, Hybrid Heat Pump Water Heater
2) By Energy Source Compatibility: Electricity, Dual-Fuel (Electric And Gas)
3) By Capacity: Traditional Heat Pump Water Heaters, Advanced Heat Pump Water Heaters
4) By Price Range: Economy Heat Pump Water Heaters, Mid-Range Heat Pump Water Heaters, Premium Heat Pump Water Heaters
5) By End-User: Residential, Commercial, Industrial Subsegments:
1) By Air-To-Air Heat Pump Water Heater: Single-Stage Air-To-Air Heat Pump Water Heater, Two-Stage Air-To-Air Heat Pump Water Heater
2) By Air-To-Water Heat Pump Water Heater: Residential Air-To-Water Heat Pump Water Heater, Commercial Air-To-Water Heat Pump Water Heater
3) By Water Source Heat Pump Water Heater: Closed-Loop Water Source Heat Pump Water Heater, Open-Loop Water Source Heat Pump Water Heater
4) By Ground Source (Geothermal) Heat Pump Water Heater: Horizontal Ground Source Heat Pump Water Heater, Vertical Ground Source Heat Pump Water Heater
5) By Hybrid Heat Pump Water Heater: Plug-And-Play Hybrid Heat Pump Water Heater, Integrated Hybrid Heat Pump Water Heater For further insights on the Heat Pump Water Heater market, request a sample here

Which region has the largest share of the Heat Pump Water Heater market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the heat pump water heater market in 2024. The regions covered in the heat pump water heater market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the Heat Pump Water Heater market, request a sample here.

Who are the major players in the Heat Pump Water Heater market?

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

Major trends in the Heat Pump Water Heater market include Hybrid Electric Heat Pump Water Heaters Revolutionize The Market. For further insights on the Heat Pump Water Heater market, request a sample here.

What are the major opportunities in the Heat Pump Water Heater market? What are the strategies for the Heat Pump Water Heater market?

For detailed insights on the major opportunities and strategies in the Heat Pump Water Heater market, request a sample here.

How does the Heat Pump Water Heater market relate to the overall economy and other similar markets?

For detailed insights on Heat Pump Water Heater's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the Heat Pump Water Heater industry?

For detailed insights on the mergers and acquisitions in the Heat Pump Water Heater industry, request a sample here.

What are the key dynamics influencing the Heat Pump Water Heater market growth? SWOT analysis of the Heat Pump Water Heater market.

For detailed insights on the key dynamics influencing the Heat Pump Water Heater market growth and SWOT analysis of the Heat Pump Water Heater industry, request a sample here.