Heat pump water heater market Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

Heat pump water heater market size is projected to reach USD 2.1 billion by 2027 from an estimated value of USD 1.4 billion in 2021, at a CAGR of 6%.

Heat pump water heaters generally use electricity to move heat from one place to another instead of generating heat directly, helping to reduce energy consumption by up to three times compared to traditional electric resistance water heaters.

Major market player included in this report are:

• Panasonic Corporation
• LG Electronics
• Johnson Controls-Hitachi Air Conditioning
• Mitsubishi Electric
• Ingersoll Rand (Trane Technologies)
• Fujitsu General
• Lennox International
• Haier

Segment by Type

• Air Source Heat Pump
• Water Source Heat Pump
• Ground Source Heat Pump

Segment by Application

• Residential Use
• Commercial & Industrial Use

Scope of the Report

The research study analyzes the global Heat pump water heater market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Heat pump water heater market Market Report

1. What was the Heat pump water heater market Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of Heat pump water heater market Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Heat pump water heater market Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.