Air Source Heat Pump Water Heaters Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Panasonic, Mitsubishi Electric, GE Appliances, Darkin, A. O. Smith (NYSE: AOS)

Over the next five years the Air Source Heat Pump Water Heaters market will register an 8.1% CAGR in terms of revenue, the global market size will reach USD 4.5 billion by 2027.

Air Source Heat Pump Water Heaters Market Overview  

The size of the global market for air source heat pump water heaters was projected at USD 67.7 billion in 2021, and it is anticipated to increase at a CAGR of 8.1% from 2022 to 2027. Increased demand for energy-efficient and economical space heating and cooling applications in residential and commercial housing is anticipated to fuel market expansion. The many lockdown measures implemented by governments throughout the global to stop the COVID-19 virus's spread have made it challenging to access the raw ingredients needed for production. The stop in residential and commercial facility construction is another way that the pandemic has negatively impacted this sector.

Due to the growing awareness of the negative consequences of greenhouse gas emissions, air source technology is anticipated to dominate the market in the United States throughout the course of the projected period. In addition, it is anticipated that the U.S. market for air source technology would be driven by the rising population as well as the growing need for environmentally friendly air conditioning in the housing sector.

The demand for Air Source Heat Pump Water Heaters has been significantly impacted by its many benefits, including minimal maintenance requirements, cost-effective operations, reduced carbon footprints, and longer lifespans. In addition, it is anticipated that over the next years, demand for air source technology would increase due to its capacity to offer space heating and cooling as well as water heating solutions.

The need for single- and multi-family residential buildings will expand due to rising construction activity among residential units in North America, greater investment in medical infrastructure, and rising demand for energy-efficient space and water heating solutions.

Who are the Major Players in Air Source Heat Pump Water Heaters Market?

The Air Source Heat Pump Water Heaters Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market Panasonic, Mitsubishi Electric, GE Appliances, GREE, Midea, Darkin, A. O. Smith, Hitachi, Wotech, Zhejiang Zhongguang, New Energy, Dimplex, Hayward, Viessmann, Toshiba, Alpha-Innotec, Tongyi, Zhongrui, Thermia, Rinnai, Ochsner, Stiebel-Eltron, Sanden, D and others.

Industry News:

Panasonic Starts HVAC Manufacturing with Aquarea Production Line in Europe

Panasonic Corporation today announced that it has started residential air to water heat pump production at Panasonic AVC Networks Czech, s.r.o. (PAVCCZ) in Pilsen, Czech Republic in October 2018, as part of its efforts to enhance the air-conditioning business in the European market. Europe has seen exponential demand for more renewable energy solutions. The Aquarea heat pump utilizes energy from the air to produce heating, cooling and hot water, providing a cheaper, cleaner and sustainable alternative to conventional fossil fuel or electric systems.

Air Source Heat Pump Water Heaters Market provides details by vendors, including company total revenue (financials), company overview, market potential, global presence, his business report briefly talks about market performance of each business sector covering growth factors and sales volume. this analysis provides the This Air Source Heat Pump Water Heaters Market analysis report provides recent trends, granular level data covering market size and share. It provides all the recent updates about CORONA virus and its impact on world economy and human health. By getting this data, key players can obtain profit making and right business opportunities for future growth. Its further guides to increase the product demand and business expansion.

What are the major Applications, Types and Regions for Air Source Heat Pump Water Heaters Market?

By Type, it is segmented into

•     CO2 Heat Pump


•     R410 Heat Pump


•     Others

By Applications it is segmented into

•     Residential Use


•     Commercial & Industrial Use

Air Source Heat Pump Water Heaters Market Regional Analysis

The Asia Pacific region dominated the market and accounted for a revenue share of 46.9% in 2021, due to several factors, like the growing demand for energy-efficient heating solutions in the residential and commercial industries coupled with the rising awareness about climate change and greenhouse gas emission.

The rise in demand in North America has been significantly affected by rising consumer demand for energy-efficient systems, government initiatives to promote emission reduction, and clean heating and cooling systems to adopt clean and sustainable technology. Additionally, the rise in family units and population growth will accelerate the expansion of the residential market.

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• Asia-Pacific
  
  
  
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  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Air Source Heat Pump Water Heaters Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Air Source Heat Pump Water Heaters Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Air Source Heat Pump Water Heaters Market report scope?

 Key Takeaways from this Air Source Heat Pump Water Heaters Report

• Evaluate Air Source Heat Pump Water Heaters market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Air Source Heat Pump Water Heaters market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.

Frequently Asked Questions

What is the study period of this market?

The Air Source Heat Pump Water Heaters Market is studied from 2017 - 2027.

What is the growth rate of Air Source Heat Pump Water Heaters Market?

The Air Source Heat Pump Water Heaters Market is growing at a CAGR of 8.1% over the next 5 years.

Who are the key players in Air Source Heat Pump Water Heaters Market?

Panasonic, Mitsubishi Electric, GE Appliances, GREE, Midea, Darkin, A. O. Smith, Hitachi, Wotech, Zhejiang Zhongguang, New Energy, Dimplex, Hayward, Viessmann, Toshiba, Alpha-Innotec, Tongyi, Zhongrui, Thermia, Rinnai, Ochsner, Stiebel-Eltron, Sanden, D

What region does this Air Source Heat Pump Water Heaters Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Air Source Heat Pump Water Heaters Market?

CO2 Heat Pump, R410 Heat Pump, Others

What are the major end-use applications of Air Source Heat Pump Water Heaters Market?

Residential Use, Commercial & Industrial Use