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Heat Pump Water Heaters- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031
Published Date: August 2025
|
Report Code: QYRE-Auto-2E432
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Global Heat Pump Water Heaters Market Insights and Forecast to 2028
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Heat Pump Water Heaters- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031

Code: QYRE-Auto-2E432
Report
August 2025
Pages:184
QYResearch
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DESCRIPTION
TABLE OF CONTENT
TABLES & FIGURES

Heat Pump Water Heaters- Market Size

The global market for Heat Pump Water Heaters was estimated to be worth US$ 1743 million in 2024 and is forecast to a readjusted size of US$ 2138 million by 2031 with a CAGR of 3.0% during the forecast period 2025-2031.

Heat Pump Water Heaters- Market

Heat Pump Water Heaters- Market

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.
As for the global heat pump water heater industry, the industry structure is relatively stable. The top ten manufacturers have 52% revenue market share. The Japan giant Panasonic, which has 8% market share, is the leader in the heat pump water heater industry. The manufacturers following Panasonic are Mitsubishi Electric and GE Appliances, which respectively has 7% and 6% market share globally. The GREE is the leader of China heat pump water heater industry.
This report aims to provide a comprehensive presentation of the global market for Heat Pump Water Heaters, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Heat Pump Water Heaters by region & country, by Type, and by Application.
The Heat Pump Water Heaters market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Heat Pump Water Heaters.
Market Segmentation

Scope of Heat Pump Water Heaters- Market Report

Report Metric Details
Report Name Heat Pump Water Heaters- Market
Forecasted market size in 2031 US$ 2138 million
CAGR 3.0%
Forecasted years 2025 - 2031
Segment by Type
  • Air Source Heat Pump
  • Water Source Heat Pump
  • Ground Source Heat Pump
Segment by Application
  • Residential Use
  • Commercial & Industrial Use
By Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia) Rest of Europe
  • Nordic Countries
  • Asia-Pacific (China, Japan, South Korea)
  • Southeast Asia (India, Australia)
  • Rest of Asia
  • Latin America (Mexico, Brazil)
  • Rest of Latin America
  • Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company Panasonic, Mitsubishi Electric, GE Appliances, GREE, Midea, Darkin, A. O. Smith, Hitachi, Jandy, Wotech, Zhejiang Zhongguang, Pentair, New Energy, Dimplex, Hayward, Viessmann, Toshiba, Alpha-Innotec, Tongyi, Zhongrui, Thermia, Itomic, Rheem, Hangzhou Jinjiang Solar, Ochsner, Stiebel-Eltron
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

  • Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
  • Chapter 2: Detailed analysis of Heat Pump Water Heaters manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
  • Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
  • Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
  • Chapter 5: Sales, revenue of Heat Pump Water Heaters in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
  • Chapter 6: Sales, revenue of Heat Pump Water Heaters in country level. It provides sigmate data by Type, and by Application for each country/region.
  • Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
  • Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
  • Chapter 9: Conclusion.

FAQ for this report

What is the Heat Pump Water Heaters- Market size in 2031?

Ans: The Heat Pump Water Heaters- Market size in 2031 will be US$ 2138 million.

What is the market share of major companies in Heat Pump Water Heaters- Market?

Ans: The top ten manufacturers have 52% revenue market share.

Who are the main players in the Heat Pump Water Heaters- Market report?

Ans: The main players in the Heat Pump Water Heaters- Market are Panasonic, Mitsubishi Electric, GE Appliances, GREE, Midea, Darkin, A. O. Smith, Hitachi, Jandy, Wotech, Zhejiang Zhongguang, Pentair, New Energy, Dimplex, Hayward, Viessmann, Toshiba, Alpha-Innotec, Tongyi, Zhongrui, Thermia, Itomic, Rheem, Hangzhou Jinjiang Solar, Ochsner, Stiebel-Eltron

What are the Application segmentation covered in the Heat Pump Water Heaters- Market report?

Ans: The Applications covered in the Heat Pump Water Heaters- Market report are Residential Use, Commercial & Industrial Use

What are the Type segmentation covered in the Heat Pump Water Heaters- Market report?

Ans: The Types covered in the Heat Pump Water Heaters- Market report are Air Source Heat Pump, Water Source Heat Pump, Ground Source Heat Pump

1 Market Overview
1.1 Heat Pump Water Heaters Product Introduction
1.2 Global Heat Pump Water Heaters Market Size Forecast
1.2.1 Global Heat Pump Water Heaters Sales Value (2020-2031)
1.2.2 Global Heat Pump Water Heaters Sales Volume (2020-2031)
1.2.3 Global Heat Pump Water Heaters Sales Price (2020-2031)
1.3 Heat Pump Water Heaters Market Trends & Drivers
1.3.1 Heat Pump Water Heaters Industry Trends
1.3.2 Heat Pump Water Heaters Market Drivers & Opportunity
1.3.3 Heat Pump Water Heaters Market Challenges
1.3.4 Heat Pump Water Heaters Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Heat Pump Water Heaters Players Revenue Ranking (2024)
2.2 Global Heat Pump Water Heaters Revenue by Company (2020-2025)
2.3 Global Heat Pump Water Heaters Players Sales Volume Ranking (2024)
2.4 Global Heat Pump Water Heaters Sales Volume by Company Players (2020-2025)
2.5 Global Heat Pump Water Heaters Average Price by Company (2020-2025)
2.6 Key Manufacturers Heat Pump Water Heaters Manufacturing Base and Headquarters
2.7 Key Manufacturers Heat Pump Water Heaters Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Heat Pump Water Heaters
2.9 Heat Pump Water Heaters Market Competitive Analysis
2.9.1 Heat Pump Water Heaters Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Heat Pump Water Heaters Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Heat Pump Water Heaters as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Air Source Heat Pump
3.1.2 Water Source Heat Pump
3.1.3 Ground Source Heat Pump
3.2 Global Heat Pump Water Heaters Sales Value by Type
3.2.1 Global Heat Pump Water Heaters Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Heat Pump Water Heaters Sales Value, by Type (2020-2031)
3.2.3 Global Heat Pump Water Heaters Sales Value, by Type (%) (2020-2031)
3.3 Global Heat Pump Water Heaters Sales Volume by Type
3.3.1 Global Heat Pump Water Heaters Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Heat Pump Water Heaters Sales Volume, by Type (2020-2031)
3.3.3 Global Heat Pump Water Heaters Sales Volume, by Type (%) (2020-2031)
3.4 Global Heat Pump Water Heaters Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Residential Use
4.1.2 Commercial & Industrial Use
4.2 Global Heat Pump Water Heaters Sales Value by Application
4.2.1 Global Heat Pump Water Heaters Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Heat Pump Water Heaters Sales Value, by Application (2020-2031)
4.2.3 Global Heat Pump Water Heaters Sales Value, by Application (%) (2020-2031)
4.3 Global Heat Pump Water Heaters Sales Volume by Application
4.3.1 Global Heat Pump Water Heaters Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Heat Pump Water Heaters Sales Volume, by Application (2020-2031)
4.3.3 Global Heat Pump Water Heaters Sales Volume, by Application (%) (2020-2031)
4.4 Global Heat Pump Water Heaters Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Heat Pump Water Heaters Sales Value by Region
5.1.1 Global Heat Pump Water Heaters Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Heat Pump Water Heaters Sales Value by Region (2020-2025)
5.1.3 Global Heat Pump Water Heaters Sales Value by Region (2026-2031)
5.1.4 Global Heat Pump Water Heaters Sales Value by Region (%), (2020-2031)
5.2 Global Heat Pump Water Heaters Sales Volume by Region
5.2.1 Global Heat Pump Water Heaters Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Heat Pump Water Heaters Sales Volume by Region (2020-2025)
5.2.3 Global Heat Pump Water Heaters Sales Volume by Region (2026-2031)
5.2.4 Global Heat Pump Water Heaters Sales Volume by Region (%), (2020-2031)
5.3 Global Heat Pump Water Heaters Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Heat Pump Water Heaters Sales Value, 2020-2031
5.4.2 North America Heat Pump Water Heaters Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Heat Pump Water Heaters Sales Value, 2020-2031
5.5.2 Europe Heat Pump Water Heaters Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Heat Pump Water Heaters Sales Value, 2020-2031
5.6.2 Asia Pacific Heat Pump Water Heaters Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Heat Pump Water Heaters Sales Value, 2020-2031
5.7.2 South America Heat Pump Water Heaters Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Heat Pump Water Heaters Sales Value, 2020-2031
5.8.2 Middle East & Africa Heat Pump Water Heaters Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Heat Pump Water Heaters Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Heat Pump Water Heaters Sales Value
6.2.1 Key Countries/Regions Heat Pump Water Heaters Sales Value, 2020-2031
6.2.2 Key Countries/Regions Heat Pump Water Heaters Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Heat Pump Water Heaters Sales Value, 2020-2031
6.3.2 United States Heat Pump Water Heaters Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Heat Pump Water Heaters Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Heat Pump Water Heaters Sales Value, 2020-2031
6.4.2 Europe Heat Pump Water Heaters Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Heat Pump Water Heaters Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Heat Pump Water Heaters Sales Value, 2020-2031
6.5.2 China Heat Pump Water Heaters Sales Value by Type (%), 2024 VS 2031
6.5.3 China Heat Pump Water Heaters Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Heat Pump Water Heaters Sales Value, 2020-2031
6.6.2 Japan Heat Pump Water Heaters Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Heat Pump Water Heaters Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Heat Pump Water Heaters Sales Value, 2020-2031
6.7.2 South Korea Heat Pump Water Heaters Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Heat Pump Water Heaters Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Heat Pump Water Heaters Sales Value, 2020-2031
6.8.2 Southeast Asia Heat Pump Water Heaters Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Heat Pump Water Heaters Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Heat Pump Water Heaters Sales Value, 2020-2031
6.9.2 India Heat Pump Water Heaters Sales Value by Type (%), 2024 VS 2031
6.9.3 India Heat Pump Water Heaters Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Panasonic
7.1.1 Panasonic Company Information
7.1.2 Panasonic Introduction and Business Overview
7.1.3 Panasonic Heat Pump Water Heaters Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Panasonic Heat Pump Water Heaters Product Offerings
7.1.5 Panasonic Recent Development
7.2 Mitsubishi Electric
7.2.1 Mitsubishi Electric Company Information
7.2.2 Mitsubishi Electric Introduction and Business Overview
7.2.3 Mitsubishi Electric Heat Pump Water Heaters Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Mitsubishi Electric Heat Pump Water Heaters Product Offerings
7.2.5 Mitsubishi Electric Recent Development
7.3 GE Appliances
7.3.1 GE Appliances Company Information
7.3.2 GE Appliances Introduction and Business Overview
7.3.3 GE Appliances Heat Pump Water Heaters Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 GE Appliances Heat Pump Water Heaters Product Offerings
7.3.5 GE Appliances Recent Development
7.4 GREE
7.4.1 GREE Company Information
7.4.2 GREE Introduction and Business Overview
7.4.3 GREE Heat Pump Water Heaters Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 GREE Heat Pump Water Heaters Product Offerings
7.4.5 GREE Recent Development
7.5 Midea
7.5.1 Midea Company Information
7.5.2 Midea Introduction and Business Overview
7.5.3 Midea Heat Pump Water Heaters Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Midea Heat Pump Water Heaters Product Offerings
7.5.5 Midea Recent Development
7.6 Darkin
7.6.1 Darkin Company Information
7.6.2 Darkin Introduction and Business Overview
7.6.3 Darkin Heat Pump Water Heaters Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Darkin Heat Pump Water Heaters Product Offerings
7.6.5 Darkin Recent Development
7.7 A. O. Smith
7.7.1 A. O. Smith Company Information
7.7.2 A. O. Smith Introduction and Business Overview
7.7.3 A. O. Smith Heat Pump Water Heaters Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 A. O. Smith Heat Pump Water Heaters Product Offerings
7.7.5 A. O. Smith Recent Development
7.8 Hitachi
7.8.1 Hitachi Company Information
7.8.2 Hitachi Introduction and Business Overview
7.8.3 Hitachi Heat Pump Water Heaters Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Hitachi Heat Pump Water Heaters Product Offerings
7.8.5 Hitachi Recent Development
7.9 Jandy
7.9.1 Jandy Company Information
7.9.2 Jandy Introduction and Business Overview
7.9.3 Jandy Heat Pump Water Heaters Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Jandy Heat Pump Water Heaters Product Offerings
7.9.5 Jandy Recent Development
7.10 Wotech
7.10.1 Wotech Company Information
7.10.2 Wotech Introduction and Business Overview
7.10.3 Wotech Heat Pump Water Heaters Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Wotech Heat Pump Water Heaters Product Offerings
7.10.5 Wotech Recent Development
7.11 Zhejiang Zhongguang
7.11.1 Zhejiang Zhongguang Company Information
7.11.2 Zhejiang Zhongguang Introduction and Business Overview
7.11.3 Zhejiang Zhongguang Heat Pump Water Heaters Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 Zhejiang Zhongguang Heat Pump Water Heaters Product Offerings
7.11.5 Zhejiang Zhongguang Recent Development
7.12 Pentair
7.12.1 Pentair Company Information
7.12.2 Pentair Introduction and Business Overview
7.12.3 Pentair Heat Pump Water Heaters Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 Pentair Heat Pump Water Heaters Product Offerings
7.12.5 Pentair Recent Development
7.13 New Energy
7.13.1 New Energy Company Information
7.13.2 New Energy Introduction and Business Overview
7.13.3 New Energy Heat Pump Water Heaters Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 New Energy Heat Pump Water Heaters Product Offerings
7.13.5 New Energy Recent Development
7.14 Dimplex
7.14.1 Dimplex Company Information
7.14.2 Dimplex Introduction and Business Overview
7.14.3 Dimplex Heat Pump Water Heaters Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 Dimplex Heat Pump Water Heaters Product Offerings
7.14.5 Dimplex Recent Development
7.15 Hayward
7.15.1 Hayward Company Information
7.15.2 Hayward Introduction and Business Overview
7.15.3 Hayward Heat Pump Water Heaters Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 Hayward Heat Pump Water Heaters Product Offerings
7.15.5 Hayward Recent Development
7.16 Viessmann
7.16.1 Viessmann Company Information
7.16.2 Viessmann Introduction and Business Overview
7.16.3 Viessmann Heat Pump Water Heaters Sales, Revenue, Price and Gross Margin (2020-2025)
7.16.4 Viessmann Heat Pump Water Heaters Product Offerings
7.16.5 Viessmann Recent Development
7.17 Toshiba
7.17.1 Toshiba Company Information
7.17.2 Toshiba Introduction and Business Overview
7.17.3 Toshiba Heat Pump Water Heaters Sales, Revenue, Price and Gross Margin (2020-2025)
7.17.4 Toshiba Heat Pump Water Heaters Product Offerings
7.17.5 Toshiba Recent Development
7.18 Alpha-Innotec
7.18.1 Alpha-Innotec Company Information
7.18.2 Alpha-Innotec Introduction and Business Overview
7.18.3 Alpha-Innotec Heat Pump Water Heaters Sales, Revenue, Price and Gross Margin (2020-2025)
7.18.4 Alpha-Innotec Heat Pump Water Heaters Product Offerings
7.18.5 Alpha-Innotec Recent Development
7.19 Tongyi
7.19.1 Tongyi Company Information
7.19.2 Tongyi Introduction and Business Overview
7.19.3 Tongyi Heat Pump Water Heaters Sales, Revenue, Price and Gross Margin (2020-2025)
7.19.4 Tongyi Heat Pump Water Heaters Product Offerings
7.19.5 Tongyi Recent Development
7.20 Zhongrui
7.20.1 Zhongrui Company Information
7.20.2 Zhongrui Introduction and Business Overview
7.20.3 Zhongrui Heat Pump Water Heaters Sales, Revenue, Price and Gross Margin (2020-2025)
7.20.4 Zhongrui Heat Pump Water Heaters Product Offerings
7.20.5 Zhongrui Recent Development
7.21 Thermia
7.21.1 Thermia Company Information
7.21.2 Thermia Introduction and Business Overview
7.21.3 Thermia Heat Pump Water Heaters Sales, Revenue, Price and Gross Margin (2020-2025)
7.21.4 Thermia Heat Pump Water Heaters Product Offerings
7.21.5 Thermia Recent Development
7.22 Itomic
7.22.1 Itomic Company Information
7.22.2 Itomic Introduction and Business Overview
7.22.3 Itomic Heat Pump Water Heaters Sales, Revenue, Price and Gross Margin (2020-2025)
7.22.4 Itomic Heat Pump Water Heaters Product Offerings
7.22.5 Itomic Recent Development
7.23 Rheem
7.23.1 Rheem Company Information
7.23.2 Rheem Introduction and Business Overview
7.23.3 Rheem Heat Pump Water Heaters Sales, Revenue, Price and Gross Margin (2020-2025)
7.23.4 Rheem Heat Pump Water Heaters Product Offerings
7.23.5 Rheem Recent Development
7.24 Hangzhou Jinjiang Solar
7.24.1 Hangzhou Jinjiang Solar Company Information
7.24.2 Hangzhou Jinjiang Solar Introduction and Business Overview
7.24.3 Hangzhou Jinjiang Solar Heat Pump Water Heaters Sales, Revenue, Price and Gross Margin (2020-2025)
7.24.4 Hangzhou Jinjiang Solar Heat Pump Water Heaters Product Offerings
7.24.5 Hangzhou Jinjiang Solar Recent Development
7.25 Ochsner
7.25.1 Ochsner Company Information
7.25.2 Ochsner Introduction and Business Overview
7.25.3 Ochsner Heat Pump Water Heaters Sales, Revenue, Price and Gross Margin (2020-2025)
7.25.4 Ochsner Heat Pump Water Heaters Product Offerings
7.25.5 Ochsner Recent Development
7.26 Stiebel-Eltron
7.26.1 Stiebel-Eltron Company Information
7.26.2 Stiebel-Eltron Introduction and Business Overview
7.26.3 Stiebel-Eltron Heat Pump Water Heaters Sales, Revenue, Price and Gross Margin (2020-2025)
7.26.4 Stiebel-Eltron Heat Pump Water Heaters Product Offerings
7.26.5 Stiebel-Eltron Recent Development
8 Industry Chain Analysis
8.1 Heat Pump Water Heaters Industrial Chain
8.2 Heat Pump Water Heaters Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Heat Pump Water Heaters Sales Model
8.5.2 Sales Channel
8.5.3 Heat Pump Water Heaters Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
List of Tables
 Table 1. Heat Pump Water Heaters Market Trends
 Table 2. Heat Pump Water Heaters Market Drivers & Opportunity
 Table 3. Heat Pump Water Heaters Market Challenges
 Table 4. Heat Pump Water Heaters Market Restraints
 Table 5. Global Heat Pump Water Heaters Revenue by Company (2020-2025) & (US$ Million)
 Table 6. Global Heat Pump Water Heaters Revenue Market Share by Company (2020-2025)
 Table 7. Global Heat Pump Water Heaters Sales Volume by Company (2020-2025) & (K Units)
 Table 8. Global Heat Pump Water Heaters Sales Volume Market Share by Company (2020-2025)
 Table 9. Global Market Heat Pump Water Heaters Price by Company (2020-2025) & (USD/Unit)
 Table 10. Key Manufacturers Heat Pump Water Heaters Manufacturing Base and Headquarters
 Table 11. Key Manufacturers Heat Pump Water Heaters Product Type
 Table 12. Key Manufacturers Time to Begin Mass Production of Heat Pump Water Heaters
 Table 13. Global Heat Pump Water Heaters Manufacturers Market Concentration Ratio (CR5 and HHI)
 Table 14. Global Top Manufacturers Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Heat Pump Water Heaters as of 2024)
 Table 15. Mergers & Acquisitions, Expansion Plans
 Table 16. Global Heat Pump Water Heaters Sales Value by Type: 2020 VS 2024 VS 2031 (US$ Million)
 Table 17. Global Heat Pump Water Heaters Sales Value by Type (2020-2025) & (US$ Million)
 Table 18. Global Heat Pump Water Heaters Sales Value by Type (2026-2031) & (US$ Million)
 Table 19. Global Heat Pump Water Heaters Sales Market Share in Value by Type (2020-2025)
 Table 20. Global Heat Pump Water Heaters Sales Market Share in Value by Type (2026-2031)
 Table 21. Global Heat Pump Water Heaters Sales Volume by Type: 2020 VS 2024 VS 2031 (K Units)
 Table 22. Global Heat Pump Water Heaters Sales Volume by Type (2020-2025) & (K Units)
 Table 23. Global Heat Pump Water Heaters Sales Volume by Type (2026-2031) & (K Units)
 Table 24. Global Heat Pump Water Heaters Sales Market Share in Volume by Type (2020-2025)
 Table 25. Global Heat Pump Water Heaters Sales Market Share in Volume by Type (2026-2031)
 Table 26. Global Heat Pump Water Heaters Price by Type (2020-2025) & (USD/Unit)
 Table 27. Global Heat Pump Water Heaters Price by Type (2026-2031) & (USD/Unit)
 Table 28. Global Heat Pump Water Heaters Sales Value by Application: 2020 VS 2024 VS 2031 (US$ Million)
 Table 29. Global Heat Pump Water Heaters Sales Value by Application (2020-2025) & (US$ Million)
 Table 30. Global Heat Pump Water Heaters Sales Value by Application (2026-2031) & (US$ Million)
 Table 31. Global Heat Pump Water Heaters Sales Market Share in Value by Application (2020-2025)
 Table 32. Global Heat Pump Water Heaters Sales Market Share in Value by Application (2026-2031)
 Table 33. Global Heat Pump Water Heaters Sales Volume by Application: 2020 VS 2024 VS 2031 (K Units)
 Table 34. Global Heat Pump Water Heaters Sales Volume by Application (2020-2025) & (K Units)
 Table 35. Global Heat Pump Water Heaters Sales Volume by Application (2026-2031) & (K Units)
 Table 36. Global Heat Pump Water Heaters Sales Market Share in Volume by Application (2020-2025)
 Table 37. Global Heat Pump Water Heaters Sales Market Share in Volume by Application (2026-2031)
 Table 38. Global Heat Pump Water Heaters Price by Application (2020-2025) & (USD/Unit)
 Table 39. Global Heat Pump Water Heaters Price by Application (2026-2031) & (USD/Unit)
 Table 40. Global Heat Pump Water Heaters Sales Value by Region, (2020 VS 2024 VS 2031) & (US$ Million)
 Table 41. Global Heat Pump Water Heaters Sales Value by Region (2020-2025) & (US$ Million)
 Table 42. Global Heat Pump Water Heaters Sales Value by Region (2026-2031) & (US$ Million)
 Table 43. Global Heat Pump Water Heaters Sales Value by Region (2020-2025) & (%)
 Table 44. Global Heat Pump Water Heaters Sales Value by Region (2026-2031) & (%)
 Table 45. Global Heat Pump Water Heaters Sales Volume by Region (K Units): 2020 VS 2024 VS 2031
 Table 46. Global Heat Pump Water Heaters Sales Volume by Region (2020-2025) & (K Units)
 Table 47. Global Heat Pump Water Heaters Sales Volume by Region (2026-2031) & (K Units)
 Table 48. Global Heat Pump Water Heaters Sales Volume by Region (2020-2025) & (%)
 Table 49. Global Heat Pump Water Heaters Sales Volume by Region (2026-2031) & (%)
 Table 50. Global Heat Pump Water Heaters Average Price by Region (2020-2025) & (USD/Unit)
 Table 51. Global Heat Pump Water Heaters Average Price by Region (2026-2031) & (USD/Unit)
 Table 52. Key Countries/Regions Heat Pump Water Heaters Sales Value Growth Trends, (US$ Million): 2020 VS 2024 VS 2031
 Table 53. Key Countries/Regions Heat Pump Water Heaters Sales Value, (2020-2025) & (US$ Million)
 Table 54. Key Countries/Regions Heat Pump Water Heaters Sales Value, (2026-2031) & (US$ Million)
 Table 55. Key Countries/Regions Heat Pump Water Heaters Sales Volume, (2020-2025) & (K Units)
 Table 56. Key Countries/Regions Heat Pump Water Heaters Sales Volume, (2026-2031) & (K Units)
 Table 57. Panasonic Company Information
 Table 58. Panasonic Introduction and Business Overview
 Table 59. Panasonic Heat Pump Water Heaters Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 60. Panasonic Heat Pump Water Heaters Product Offerings
 Table 61. Panasonic Recent Development
 Table 62. Mitsubishi Electric Company Information
 Table 63. Mitsubishi Electric Introduction and Business Overview
 Table 64. Mitsubishi Electric Heat Pump Water Heaters Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 65. Mitsubishi Electric Heat Pump Water Heaters Product Offerings
 Table 66. Mitsubishi Electric Recent Development
 Table 67. GE Appliances Company Information
 Table 68. GE Appliances Introduction and Business Overview
 Table 69. GE Appliances Heat Pump Water Heaters Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 70. GE Appliances Heat Pump Water Heaters Product Offerings
 Table 71. GE Appliances Recent Development
 Table 72. GREE Company Information
 Table 73. GREE Introduction and Business Overview
 Table 74. GREE Heat Pump Water Heaters Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 75. GREE Heat Pump Water Heaters Product Offerings
 Table 76. GREE Recent Development
 Table 77. Midea Company Information
 Table 78. Midea Introduction and Business Overview
 Table 79. Midea Heat Pump Water Heaters Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 80. Midea Heat Pump Water Heaters Product Offerings
 Table 81. Midea Recent Development
 Table 82. Darkin Company Information
 Table 83. Darkin Introduction and Business Overview
 Table 84. Darkin Heat Pump Water Heaters Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 85. Darkin Heat Pump Water Heaters Product Offerings
 Table 86. Darkin Recent Development
 Table 87. A. O. Smith Company Information
 Table 88. A. O. Smith Introduction and Business Overview
 Table 89. A. O. Smith Heat Pump Water Heaters Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 90. A. O. Smith Heat Pump Water Heaters Product Offerings
 Table 91. A. O. Smith Recent Development
 Table 92. Hitachi Company Information
 Table 93. Hitachi Introduction and Business Overview
 Table 94. Hitachi Heat Pump Water Heaters Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 95. Hitachi Heat Pump Water Heaters Product Offerings
 Table 96. Hitachi Recent Development
 Table 97. Jandy Company Information
 Table 98. Jandy Introduction and Business Overview
 Table 99. Jandy Heat Pump Water Heaters Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 100. Jandy Heat Pump Water Heaters Product Offerings
 Table 101. Jandy Recent Development
 Table 102. Wotech Company Information
 Table 103. Wotech Introduction and Business Overview
 Table 104. Wotech Heat Pump Water Heaters Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 105. Wotech Heat Pump Water Heaters Product Offerings
 Table 106. Wotech Recent Development
 Table 107. Zhejiang Zhongguang Company Information
 Table 108. Zhejiang Zhongguang Introduction and Business Overview
 Table 109. Zhejiang Zhongguang Heat Pump Water Heaters Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 110. Zhejiang Zhongguang Heat Pump Water Heaters Product Offerings
 Table 111. Zhejiang Zhongguang Recent Development
 Table 112. Pentair Company Information
 Table 113. Pentair Introduction and Business Overview
 Table 114. Pentair Heat Pump Water Heaters Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 115. Pentair Heat Pump Water Heaters Product Offerings
 Table 116. Pentair Recent Development
 Table 117. New Energy Company Information
 Table 118. New Energy Introduction and Business Overview
 Table 119. New Energy Heat Pump Water Heaters Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 120. New Energy Heat Pump Water Heaters Product Offerings
 Table 121. New Energy Recent Development
 Table 122. Dimplex Company Information
 Table 123. Dimplex Introduction and Business Overview
 Table 124. Dimplex Heat Pump Water Heaters Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 125. Dimplex Heat Pump Water Heaters Product Offerings
 Table 126. Dimplex Recent Development
 Table 127. Hayward Company Information
 Table 128. Hayward Introduction and Business Overview
 Table 129. Hayward Heat Pump Water Heaters Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 130. Hayward Heat Pump Water Heaters Product Offerings
 Table 131. Hayward Recent Development
 Table 132. Viessmann Company Information
 Table 133. Viessmann Introduction and Business Overview
 Table 134. Viessmann Heat Pump Water Heaters Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 135. Viessmann Heat Pump Water Heaters Product Offerings
 Table 136. Viessmann Recent Development
 Table 137. Toshiba Company Information
 Table 138. Toshiba Introduction and Business Overview
 Table 139. Toshiba Heat Pump Water Heaters Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 140. Toshiba Heat Pump Water Heaters Product Offerings
 Table 141. Toshiba Recent Development
 Table 142. Alpha-Innotec Company Information
 Table 143. Alpha-Innotec Introduction and Business Overview
 Table 144. Alpha-Innotec Heat Pump Water Heaters Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 145. Alpha-Innotec Heat Pump Water Heaters Product Offerings
 Table 146. Alpha-Innotec Recent Development
 Table 147. Tongyi Company Information
 Table 148. Tongyi Introduction and Business Overview
 Table 149. Tongyi Heat Pump Water Heaters Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 150. Tongyi Heat Pump Water Heaters Product Offerings
 Table 151. Tongyi Recent Development
 Table 152. Zhongrui Company Information
 Table 153. Zhongrui Introduction and Business Overview
 Table 154. Zhongrui Heat Pump Water Heaters Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 155. Zhongrui Heat Pump Water Heaters Product Offerings
 Table 156. Zhongrui Recent Development
 Table 157. Thermia Company Information
 Table 158. Thermia Introduction and Business Overview
 Table 159. Thermia Heat Pump Water Heaters Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 160. Thermia Heat Pump Water Heaters Product Offerings
 Table 161. Thermia Recent Development
 Table 162. Itomic Company Information
 Table 163. Itomic Introduction and Business Overview
 Table 164. Itomic Heat Pump Water Heaters Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 165. Itomic Heat Pump Water Heaters Product Offerings
 Table 166. Itomic Recent Development
 Table 167. Rheem Company Information
 Table 168. Rheem Introduction and Business Overview
 Table 169. Rheem Heat Pump Water Heaters Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 170. Rheem Heat Pump Water Heaters Product Offerings
 Table 171. Rheem Recent Development
 Table 172. Hangzhou Jinjiang Solar Company Information
 Table 173. Hangzhou Jinjiang Solar Introduction and Business Overview
 Table 174. Hangzhou Jinjiang Solar Heat Pump Water Heaters Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 175. Hangzhou Jinjiang Solar Heat Pump Water Heaters Product Offerings
 Table 176. Hangzhou Jinjiang Solar Recent Development
 Table 177. Ochsner Company Information
 Table 178. Ochsner Introduction and Business Overview
 Table 179. Ochsner Heat Pump Water Heaters Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 180. Ochsner Heat Pump Water Heaters Product Offerings
 Table 181. Ochsner Recent Development
 Table 182. Stiebel-Eltron Company Information
 Table 183. Stiebel-Eltron Introduction and Business Overview
 Table 184. Stiebel-Eltron Heat Pump Water Heaters Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 185. Stiebel-Eltron Heat Pump Water Heaters Product Offerings
 Table 186. Stiebel-Eltron Recent Development
 Table 187. Key Raw Materials Lists
 Table 188. Raw Materials Key Suppliers Lists
 Table 189. Heat Pump Water Heaters Downstream Customers
 Table 190. Heat Pump Water Heaters Distributors List
 Table 191. Research Programs/Design for This Report
 Table 192. Key Data Information from Secondary Sources
 Table 193. Key Data Information from Primary Sources


List of Figures
 Figure 1. Heat Pump Water Heaters Product Picture
 Figure 2. Global Heat Pump Water Heaters Sales Value, 2020 VS 2024 VS 2031 (US$ Million)
 Figure 3. Global Heat Pump Water Heaters Sales Value (2020-2031) & (US$ Million)
 Figure 4. Global Heat Pump Water Heaters Sales Volume (2020-2031) & (K Units)
 Figure 5. Global Heat Pump Water Heaters Sales Price (2020-2031) & (USD/Unit)
 Figure 6. Heat Pump Water Heaters Report Years Considered
 Figure 7. Global Heat Pump Water Heaters Players Revenue Ranking (2024) & (US$ Million)
 Figure 8. Global Heat Pump Water Heaters Players Sales Volume Ranking (2024) & (K Units)
 Figure 9. The 5 and 10 Largest Manufacturers in the World: Market Share by Heat Pump Water Heaters Revenue in 2024
 Figure 10. Heat Pump Water Heaters Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2020 VS 2024
 Figure 11. Air Source Heat Pump Picture
 Figure 12. Water Source Heat Pump Picture
 Figure 13. Ground Source Heat Pump Picture
 Figure 14. Global Heat Pump Water Heaters Sales Value by Type (2020 VS 2024 VS 2031) & (US$ Million)
 Figure 15. Global Heat Pump Water Heaters Sales Value Market Share by Type, 2024 & 2031
 Figure 16. Global Heat Pump Water Heaters Sales Volume by Type (2020 VS 2024 VS 2031) & (K Units)
 Figure 17. Global Heat Pump Water Heaters Sales Volume Market Share by Type, 2024 & 2031
 Figure 18. Global Heat Pump Water Heaters Price by Type (2020-2031) & (USD/Unit)
 Figure 19. Product Picture of Residential Use
 Figure 20. Product Picture of Commercial & Industrial Use
 Figure 21. Global Heat Pump Water Heaters Sales Value by Application (2020 VS 2024 VS 2031) & (US$ Million)
 Figure 22. Global Heat Pump Water Heaters Sales Value Market Share by Application, 2024 & 2031
 Figure 23. Global Heat Pump Water Heaters Sales Volume by Application (2020 VS 2024 VS 2031) & (K Units)
 Figure 24. Global Heat Pump Water Heaters Sales Volume Market Share by Application, 2024 & 2031
 Figure 25. Global Heat Pump Water Heaters Price by Application (2020-2031) & (USD/Unit)
 Figure 26. North America Heat Pump Water Heaters Sales Value (2020-2031) & (US$ Million)
 Figure 27. North America Heat Pump Water Heaters Sales Value by Country (%), 2024 VS 2031
 Figure 28. Europe Heat Pump Water Heaters Sales Value, (2020-2031) & (US$ Million)
 Figure 29. Europe Heat Pump Water Heaters Sales Value by Country (%), 2024 VS 2031
 Figure 30. Asia Pacific Heat Pump Water Heaters Sales Value, (2020-2031) & (US$ Million)
 Figure 31. Asia Pacific Heat Pump Water Heaters Sales Value by Region (%), 2024 VS 2031
 Figure 32. South America Heat Pump Water Heaters Sales Value, (2020-2031) & (US$ Million)
 Figure 33. South America Heat Pump Water Heaters Sales Value by Country (%), 2024 VS 2031
 Figure 34. Middle East & Africa Heat Pump Water Heaters Sales Value, (2020-2031) & (US$ Million)
 Figure 35. Middle East & Africa Heat Pump Water Heaters Sales Value by Country (%), 2024 VS 2031
 Figure 36. Key Countries/Regions Heat Pump Water Heaters Sales Value (%), (2020-2031)
 Figure 37. Key Countries/Regions Heat Pump Water Heaters Sales Volume (%), (2020-2031)
 Figure 38. United States Heat Pump Water Heaters Sales Value, (2020-2031) & (US$ Million)
 Figure 39. United States Heat Pump Water Heaters Sales Value by Type (%), 2024 VS 2031
 Figure 40. United States Heat Pump Water Heaters Sales Value by Application (%), 2024 VS 2031
 Figure 41. Europe Heat Pump Water Heaters Sales Value, (2020-2031) & (US$ Million)
 Figure 42. Europe Heat Pump Water Heaters Sales Value by Type (%), 2024 VS 2031
 Figure 43. Europe Heat Pump Water Heaters Sales Value by Application (%), 2024 VS 2031
 Figure 44. China Heat Pump Water Heaters Sales Value, (2020-2031) & (US$ Million)
 Figure 45. China Heat Pump Water Heaters Sales Value by Type (%), 2024 VS 2031
 Figure 46. China Heat Pump Water Heaters Sales Value by Application (%), 2024 VS 2031
 Figure 47. Japan Heat Pump Water Heaters Sales Value, (2020-2031) & (US$ Million)
 Figure 48. Japan Heat Pump Water Heaters Sales Value by Type (%), 2024 VS 2031
 Figure 49. Japan Heat Pump Water Heaters Sales Value by Application (%), 2024 VS 2031
 Figure 50. South Korea Heat Pump Water Heaters Sales Value, (2020-2031) & (US$ Million)
 Figure 51. South Korea Heat Pump Water Heaters Sales Value by Type (%), 2024 VS 2031
 Figure 52. South Korea Heat Pump Water Heaters Sales Value by Application (%), 2024 VS 2031
 Figure 53. Southeast Asia Heat Pump Water Heaters Sales Value, (2020-2031) & (US$ Million)
 Figure 54. Southeast Asia Heat Pump Water Heaters Sales Value by Type (%), 2024 VS 2031
 Figure 55. Southeast Asia Heat Pump Water Heaters Sales Value by Application (%), 2024 VS 2031
 Figure 56. India Heat Pump Water Heaters Sales Value, (2020-2031) & (US$ Million)
 Figure 57. India Heat Pump Water Heaters Sales Value by Type (%), 2024 VS 2031
 Figure 58. India Heat Pump Water Heaters Sales Value by Application (%), 2024 VS 2031
 Figure 59. Heat Pump Water Heaters Industrial Chain
 Figure 60. Heat Pump Water Heaters Manufacturing Cost Structure
 Figure 61. Channels of Distribution (Direct Sales, and Distribution)
 Figure 62. Bottom-up and Top-down Approaches for This Report
 Figure 63. Data Triangulation
 Figure 64. Key Executives Interviewed
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