Global Heat Pump Water Heater Market 2017-2021

  • ID: 4316453
  • Report
  • Region: Global
  • 80 pages
  • TechNavio
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FEATURED COMPANIES

  • A.O. Smith
  • Danfoss
  • Hangzhou Jinjiang Solar
  • New Energy
  • Pentair
  • Thermia
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

About Heat Pump Water Heater

Heat pump water heaters generally use electricity to move heat from one place to another instead of generating heat directly, which helps in reducing energy consumption by three times compared with conventional electric resistance water heaters. To move the heat from one place to other, the heat pump water heaters work like a refrigerator but in reverse, as the heat pump water heaters pull the heat from the surrounding air and keep it at a higher temperature in a tank to heat water.

The analysts forecast the global heat pump water heater market to grow at a CAGR of 11.20% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global heat pump water heater market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global Heat Pump Water Heater Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • A.O. Smith
  • Daikin Industries
  • Danfoss
  • NIBE
Other prominent vendors
  • alpha innotec
  • GE Appliances
  • Gree
  • Hangzhou Jinjiang Solar
  • Hayward Industries
  • Johnson Controls - Hitachi Air Conditioning
  • Zodiac Pool Solutions (Jandy)
  • Midea
  • MTechnologysubishi Electric
  • New Energy
  • Panasonic
  • Pentair
  • STIEBEL ELTRON
  • Technologyomic
  • Thermia
  • Tongyi
  • Toshiba
  • Viessmann
  • Zhongrui
Market drivers
  • Growing demand for geothermal heat pumps
  • For a full, detailed list, view the full report
Market challenges
  • Challenging market conditions
  • For a full, detailed list, view the full report
Market trends
  • Tax credits in the US for retrofitting
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?
You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • A.O. Smith
  • Danfoss
  • Hangzhou Jinjiang Solar
  • New Energy
  • Pentair
  • Thermia
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by type
  • Market overview
  • Air-to-water heat pumps
  • Ground source heat pumps (GSHPs)
PART 07: Market segmentation by end-user
  • Market overview
  • Residential sector
  • Non-residential sector
PART 08: Geographical segmentation
  • Market overview
  • EMEA
  • Americas
  • APAC
PART 09: Decision framework

PART 10: Drivers and challenges
  • Market drivers
  • Market challenges
PART 11: Market trends
  • Emergence of BEMS
  • Tax credits in the US for retrofitting
  • De-super heaters for heat recovery
PART 12: Vendor landscape
  • Competitive scenario
  • Other prominent vendors
PART 13: Key vendor analysis
  • A.O. Smith
  • Daikin Industries
  • Danfoss
  • NIBE
PART 14: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Working of a heat pump
Exhibit 02: Workflow of a heat pump water heater
Exhibit 03: Global heat pump water heater market by product type 2016-2021
Exhibit 04: Global heat pump water heater market by end-user 2016-2021
Exhibit 05: Global heat pump water heater market by geography 2016-2021
Exhibit 06: Global heat pump water heater market segmentation
Exhibit 07: Global GDP ($ trillions) and global electricity consumption 1990-2014 (TWh)
Exhibit 08: Global heat pump water heater market 2016-2021 ($ billions)
Exhibit 09: Five forces analysis
Exhibit 10: Global heat pump water heater market segmentation by product type 2016 and 2021(%)
Exhibit 11: Global heat pump water heater market by air-to-water heat pumps 2016-2021 ($ billions)
Exhibit 12: Shares of different types of air-to-water heat pumps 2015 and 2020 (%)
Exhibit 13: Global heat pump water heater market by GSHPs 2016-2021 ($ billions)
Exhibit 14: Types of geothermal heat pump systems
Exhibit 15: Global heat pump water heater market segmentation by end-user 2016 and 2021(%)
Exhibit 16: Global heat pump water heater market in residential sector 2016-2021($ billions)
Exhibit 17: US construction spending: Sector-wise share December 2016 (%)
Exhibit 18: Factors driving construction sector in US
Exhibit 19: US new residential construction 2005-2016 (thousands of units)
Exhibit 20: Global heat pump water heater in non-residential sector 2016-2021($ billions)
Exhibit 21: Commercial service exports in India and China ($ billions)
Exhibit 22: Annual unemployment rate in US 2010-2016 (%)
Exhibit 23: Global heat pump water heater market segmentation by geography 2016-2021(%)
Exhibit 24: Heat pump water heater market in EMEA 2016-2021($ billions)
Exhibit 25: GDP growth rate in leading countries in Europe 2012-2015 (%)
Exhibit 26: Heat pump water heater market in Americas 2016-2021($ billions)
Exhibit 27: Heat pump water heater market in APAC 2016-2021 ($ billions)
Exhibit 28: Average construction spending by countries in APAC 2015
Exhibit 29: Benefits of heat pumps
Exhibit 30: BEMS market forecast 2015 and 2020 ($ billions)
Exhibit 31: Energy Star rating requirements for geothermal heat pumps
Exhibit 32: Key vendors in heat pump water heater market
Exhibit 33: Other prominent vendors
Exhibit 34: A.O. Smith: Heat pump water heater product portfolio
Exhibit 35: Daikin Industries: Heat pump water heaters
Exhibit 36: Danfoss: Heat pumps
Exhibit 37: Danfoss: Heat pump water heaters
Exhibit 38: NIBE: Heat pump water heaters
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FEATURED COMPANIES

  • A.O. Smith
  • Danfoss
  • Hangzhou Jinjiang Solar
  • New Energy
  • Pentair
  • Thermia
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

New Report Released: - Global Heat Pump Water Heater Market 2017-2021

The author of the report recognizes the following companies as the key players in the global heat pump water heater market: A.O. Smith, Daikin Industries, Danfoss, and NIBE

Other Prominent Vendors in the market are: alpha innotec, GE Appliances, Gree, Hangzhou Jinjiang Solar, Hayward Industries, Johnson Controls - Hitachi Air Conditioning, Zodiac Pool Solutions (Jandy), Midea, MTechnologysubishi Electric, New Energy, Panasonic, Pentair, STIEBEL ELTRON, Technologyomic, Thermia, Tongyi, Toshiba, Viessmann, and Zhongrui.

Commenting on the report, an analyst from the research team said: “One trend in the market is tax credits in the US for retrofitting. The Environment Protection Agency (EPA) in the US launched the Energy Star program in 1992, which identifies and promotes energy efficiency in products, homes, and buildings nationwide. Energy Star offers tax credits on the purchase or retrofitting of air-source heat pumps.”

According to the report, one driver in the market is growing demand for geothermal heat pumps. GSHPs, which are also called geothermal heat pumps, are central heating/cooling systems that either transfer heat from or to the ground. Depending on the application, these systems make use of the earth as the heat source or sink. Although geothermal heat pumps have been in existence since the 1940s, they have gained widespread adoption and acceptance only recently owing to their environmental benefits.

Further, the report states that one challenge in the market is challenging market conditions. The heat pump market is highly competitive in nature, wherein the product uses a wide variety of alternative technologies to perform the same functions. Heating technologies such as electric and gas water heaters cost significantly less when compared with heat pumps, and they are easier to install, making them a preferred choice in heating technologies. These have resulted in challenging market conditions for heat pump vendors.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

  • A.O. Smith
  • Daikin Industries
  • Danfoss
  • NIBE
  • alpha innotec
  • GE Appliances
  • Gree
  • Hangzhou Jinjiang Solar
  • Hayward Industries
  • Johnson Controls - Hitachi Air Conditioning
  • Zodiac Pool Solutions (Jandy)
  • Midea
  • MTechnologysubishi Electric
  • New Energy
  • Panasonic
  • Pentair
  • STIEBEL ELTRON
  • Technologyomic
  • Thermia
  • Tongyi
  • Toshiba
  • Viessmann
  • Zhongrui
Note: Product cover images may vary from those shown
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