Global Heat Pump Water Heaters
Market is segmented, By Product Type into Ground Source Heat Pump, Air Source
Heat Pump, and Water Source Heat Pump. How about use of electricity to move
heat from one place to another, instead of generating heat directly? It is here
that Heat pump water heaters come into picture. As compared to the conventional
electric resistance water heaters, heat pump water heaters conserve the energy
consumption by three times. Heat Pump
Water Heater Market is segmented, By Application into Residential Use,
Commercial & Industrial Use. Heat Pump Water Heater Market is segmented, By
End User Industry into Residential and Non-Residential.
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“Residential” segment accounts
for the highest share for the heat pump water market and is expected to do so
in the years to come. Due to the increasing population and urbanization across
the globe, the market will witness vertical growth. Additionally, the increase
in the residential construction in the countries such as India, China,
Indonesia will fuel the market growth prospects in Asia-Pacific.
Heat Pump Water Heaters Market
is segmented, By Geographical Region into Asia Pacific (China, India, ASEAN,
Australia & New Zealand), Japan, Middle East and Africa (GCC countries, S.
Africa, Rest Of MEA), North America (U.S., Canada), Latin America (Brazil, Rest
of Latin America), Western Europe (Germany, Italy, France, England, Spain, Rest
of Western Europe), Eastern Europe (Poland, Russia, Rest of Eastern Europe).
In Asia-Pacific, the market in
India is expected to grow at the highest CAGR during upcoming period in terms
of revenue contribution. In India, the growth of the market is increasing due
to change in the consumers’ preference for the advanced technology and
sophisticated products, which will upsurge the market demand, due to the
disposable income, growing retails sector, construction industry, change in
life style, and others.
Additionally, there is a huge
demand for continuous flow of hot water in households and commercial
establishments; which is expected to grow the market in upcoming years. All
these factors together drive the demand for the energy-efficient water heater
products. Heat Pump Water Heaters Market Key Players include Zhejiang
Zhongguang, Pentair, Jandy, Wotech, New Energy, Dimplex, Tongyi, Zhongrui,
Thermia, Itomic, Midea, Darkin, A. O. Smith, Hitachi, Hayward, Viessmann,
Toshiba and Alpha-Innotec.
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