Heat pump water heaters normally use electricity to move heat from one place to another in its place of generating heat directly, which supports in reducing energy consumption by three times compared with conventional electric fighting water heaters. To move the heat from one place to other, the heat pump water heaters work like a fridge but in reverse, as the heat pump water heaters tug the heat from the surrounding air and retain it at a higher temperature in a tank to heat water.
MARKET DYNAMICS
The energy efficient technology along with the usage of non-conventional sources of energy to heat the water is one of the major factor driving the growth of the heat pump water heater market Moreover, helpful guidelines and grants for using renewable sources of energy in different applications is anticipated to boost the growth of the market.
MARKET SCOPE
The "Global Heat Pump Water Heater Market Analysis to 2028" is a specialized and in-depth study of the heat pump water heater market with a special focus on the global market trend analysis. The report aims to provide an overview of heat pump water heater market with detailed market segmentation by type, rated capacity storage tank capacity. The global heat pump water heater market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading heat pump water heater market players and offers key trends and opportunities in the heat pump water heater market.
MARKET SEGMENTATION
The global heat pump water heater market is segmented on the basis of type, rated capacity storage tank capacity. On the basis of type, the market is segmented as air source, geothermal. On the basis of rated capacity, the market is segmented as Up To 10 kw, 10-20 kw, 20-30 kw, 30-100 kw, 10150 kw, Above 150 kw. On the basis of storage tank capacity, the market is segmented as Up To 500 lit, 500-1000 lit, Above 1000 lit.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global heat pump water heater market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The heat pump water heater market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting heat pump water heater market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the heat pump water heater market in these regions.
MARKET PLAYERS
The reports cover key developments in the heat pump water heater market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from heat pump water heater market are anticipated to lucrative growth opportunities in the future with the rising demand for heat pump water heater market. Below mentioned is the list of few companies engaged in the heat pump water heater market.
The report also includes the profiles of key heat pump water heater market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Midea Group
- RHEEM Manufacturing Company
- Daikin
- A.O. Smith Corporation
- Bosch Industries
- Ingersoll Rand
- Mitsubishi Electric Corporation
- Lennox International Inc.
- FUJITSU GENERAL LIMITED
- Haier Group Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.