In this report, the Global Heat Pump Water Heaters market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. Global Heat Pump Water Heaters market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.
Heat Pump Water Heaters is a device which uses electricity to move heat from one place to another instead of generating heat directly. Therefore, it can be two to three times more energy efficient than conventional electric resistance water heaters. To move the heat, heat pumps work like a refrigerator in reverse.
The downstream industries of heat pump water heater products are residential, commercial and industrial. In the recent years, with the recovery of global economic, the development of emerging countries and the spurring of individual spending, the consumption increase of heat pump water heater will be obvious. In the foreseeable future, the heat pump water heater products will show an optimistic upward trend.
Market Analysis and Insights: Global Heat Pump Water Heaters Market
In 2019, the global Heat Pump Water Heaters market size was US$ 1502.9 million and it is expected to reach US$ 1802.4 million by the end of 2026, with a CAGR of 2.6% during 2021-2026.
Global Heat Pump Water Heaters Scope and Market Size
Heat Pump Water Heaters market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Heat Pump Water Heaters market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.
Segment by Type, the Heat Pump Water Heaters market is segmented into
Air Source Heat Pump
Water Source Heat Pump
Ground Source Heat Pump
Segment by Application, the Heat Pump Water Heaters market is segmented into
Commercial & Industrial Use
Regional and Country-level Analysis:
Rest of Asia-Pacific
Rest of Europe
Rest of Latin America
Middle East & Africa
Rest of MEA
Competitive Landscape and Heat Pump Water Heaters Market Share Analysis
Heat Pump Water Heaters market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020. Details included are company description, major business, Heat Pump Water Heaters product introduction, recent developments, Heat Pump Water Heaters sales by region, type, application and by sales channel.
The major companies include:
A. O. Smith
Hangzhou Jinjiang Solar
Reasons to Buy This Research Report
- Complete access to Global Heat Pump Water Heaters market size, growth rate and forecast to 2026
- In-depth quantitative information on key regional Global Heat Pump Water Heaters markets including North America, Europe, MEA and Asia Pacific
- Global Heat Pump Water Heaters Market estimates and forecasts for key products/applications on a regional basis
- Facility to obtain country level information for complete Global Heat Pump Water Heaters market segmentation
- Key trends, drivers and restraints for global Global Heat Pump Water Heaters market
- Challenges to market growth for Global Heat Pump Water Heaters manufacturers
- Key market opportunities of Global Heat Pump Water Heaters Industry
About Crystal Market Reports
Crystal Market Reports is a distributor of market research spanning 160 industries. Our extensive database consists of over 400,000 quality publications sourced from 400 plus publishers, this puts our research specialists in the unique position of been able to offer truly unbiased advice on what research provides the most valuable insights.