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$ 88.9 billion worldwide heat pump water heat industry to 2027



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Dublin, December 02, 2020 (GLOBE NEWSWIRE) – Added to the report “Heat Pump Water Heater – Global Market Thread and Analytics” ResearchAndMarkets.com’s offering.

The publisher brings years of research experience to the 9th edition of this report. The 273-page report presents brief insights into how the pandemic has affected production and the buying side for 2020 and 2021. Short-term gradual recovery by key geography is also addressed.

Global Heat Pump Water Heater Market to Reach $ 168.7 Billion by 2027

In the midst of the COVID-19 crisis, the global market for US Heat Pump Water Heater is projected to be US $ 88.9 billion in the year 2020, reaching a revised volume of US $ 168.7 Billion by 2027, growing at a CAGR of 9.6% over the period 2020 -2027.

Air-to-Water Heat Pumps, one of the segments analyzed in the report, is projected to record a 9.4% CAGR and reach US $ 123.5 billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Ground Source Heat Pumps segment is re-adjusted to a revised CAGR of 10.1% for the next 7-year period.

The US Market is estimated at $ 24 billion, While China is forecast to Grow at 12.7% CAGR

The US Heat Pump Water Heater market is estimated to be US $ 24 billion in the year 2020. China, the world’s second largest economy, is projected to reach an estimated market size of US $ 35.5 billion by the year 2027 at a CAGR of 12.7% over the 2020 to 202 analysis period. Other notable geographic markets include Japan and Canada, each projected to grow at 6.6% and 8.2% respectively over the period 2020-2027. In Europe, Germany is forecast to grow at around 7.5% CAGR.

Identified competitors in this market include, among others:

  • AO Smith Corporation
  • ait-germany GmbH
  • Daikin Industries Ltd.
  • Danfoss A / S.
  • GE Equipment
  • GREE, Inc.
  • Guangdong Tongyi Heat Pump & Heat Pump Technology.
  • Hayward Industries Inc.
  • Johnson Controls – Hitachi Air Conditioning
  • Midea Group Co., Ltd.
  • Mitsubishi Electric Corporation
  • NIBE Industrier AB
  • Panasonic Corporation
  • Pentair Plc
  • Stiebel Eltron
  • AB Thermia
  • Toshiba Heat Pumps
  • Viessmann Ltd.
  • Zodiac Pool Systems, Inc.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY AND SCOPE OF REPORT

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares
  • Worldwide Heat Pump Water Heater Market Share (in%): 2019 and 2025
  • The effect of Covid-19 and the Global Recession on the horizon

2. FOCUS ON SELECTED PLAYERS

3. TRENDS DRIVING THE MARKET

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Profiled Companies: 42

For more information on this report, please visit https://www.researchandmarkets.com/r/l146vc

Research and Markets also offers Custom Research services that provide focused, comprehensive and tailored research.

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