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.
The downstream industries of heat pump water heater products are residential, commercial and industrial. In the recent years, with the recovery of global economic, the development of emerging countries and the spurring of individual spending, the consumption increase of heat pump water heater will be obvious. In the foreseeable future, the heat pump water heater products will show an optimistic upward trend.

Market Analysis and Insights: Global Heat Pump Water Heaters Market
In 2019, the global Heat Pump Water Heaters market size was US$ 1502.9 million and it is expected to reach US$ 1802.4 million by the end of 2026, with a CAGR of 2.6% during 2021-2026.
Global Heat Pump Water Heaters Scope and Market Size
Heat Pump Water Heaters market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Heat Pump Water Heaters market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.

Segment by Type, the Heat Pump Water Heaters market is segmented into
Air Source Heat Pump
Water Source Heat Pump
Ground Source Heat Pump

Segment by Application, the Heat Pump Water Heaters market is segmented into
Residential Use
Commercial & Industrial Use

Regional and Country-level Analysis:
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

Competitive Landscape

and Heat Pump Water Heaters Market Share Analysis
Heat Pump Water Heaters market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020. Details included are company description, major business, Heat Pump Water Heaters product introduction, recent developments, Heat Pump Water Heaters sales by region, type, application and by sales channel.

The major companies include:
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