ヒートポンプ給湯器市場 : 2028年までの世界予測

Heat Pump Water Heater Market – Global Forecast to 2028

ヒートポンプ給湯器市場 : タイプ(対流(ATA)、温水式(ATW)、水源(WSHP)、地熱、ハイブリッド)、貯蔵タンク(500Lまで、500~1,000L、1,000L超)、冷媒の種類(R410A、R407C、R744)、定格容量、エンドユーザー地域 – 2028年までの世界予測
Heat Pump Water Heater Market by Type (Air-to-Air, Air-to-Water, Water Source, Geothermal, Hybrid), Storage Tank (Up to 500 L, 500-1,000 L, Above 1,000 L), Refrigerant Type (R410A, R407C, R744), Rated Capacity, End User Region – Global Forecast to 2028

商品番号:SMB-50592
出版社MarketsandMarkets
出版年月2024年1月
ページ数318
図表数489
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書
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世界のヒートポンプ給湯器市場は予測期間中にCAGR 14.4% で成長し、2023年の52億ドルから2028年までに102億ドルに達するとMarketsandMarketsでは予測しています。

Report Overview

The global heat pump water heater market is estimated to grow from USD 5.2 billion in 2023 to USD 10.2 billion by 2028; it is expected to record a CAGR of 14.4% during the forecast period.

The growing demand for heat pump water heaters can be attributed to an increase in awareness for sustainable development. Consumers are becoming more environmentally conscious and are seeking energy-efficient and sustainable heating solutions. The majority of governments around the globe are implementing various policies and schemes to promote the adoption of energy-efficient technologies, including heat pump water heaters. These supportive regulations have helped to drive the market’s growth and increase consumer interest in sustainable and green heating solutions.

ヒートポンプ給湯器市場 : 2028年までの世界予測

“Upto 500 Litres Heat pump water heaters: The largest segment of the heat pump water heater market, by Storage Tank Capacity “
Based on Storage tank capacity, the heat pump water heater market is categorized into three categories: up to 500 liters, 500–1,000 liters, and above 1,000 liters. According to 2022, Up to 500 liters segment is expected to be the largest segment. The market for heat pump water heaters has a lot of units with 500-liter storage tanks since efficiency, usability, and customer demand have all been carefully balanced. Because it can optimally consume energy while efficiently supplying hot water for daily home demands, this particular capability has become more and more common. Data from the Energy Technology Systems Analysis Program of the International Energy Agency (IEA) show that the average daily demand for hot water in homes in Europe is 24 liters per person. This indicates that heat pump water heaters larger than 500 liters are not always necessary for the residential sector, which makes them perfect for the home sector. The 500-liter tank achieves a balance that guarantees a plentiful supply of hot water without needless surplus, which could waste electricity. Its dimensions are in line with those of residential buildings, and it easily fits into the available places.

ヒートポンプ給湯器市場 : 2028年までの世界予測 ecosystem


“By End user industry, Residential segment is expected to be the fastest growing segment during the forecast period.”
Based on the end user segment, the heat pump water heater market is segmented into three categories: residential, commercial, and industrial. The Residential segment is expected to be the fastest growing segment during the forecast period of 2023-2028 at a CAGR of 15.7%. These systems’ compact design and adaptability not only make them ideal for a range of residential living spaces but they also highlight how well they integrate with a variety of architectural layouts and spatial restrictions. Installing heat pump water heaters in small apartments, roomy single-family homes, or multi-story buildings guarantees that the least amount of space is needed. The adaptability and compact design of these systems not only make them well-suited for a variety of living spaces within the residential sector but also underscore their versatility in seamlessly integrating with diverse architectural layouts and spatial constraints. Whether installed in compact apartments, spacious single-family homes, or multi-story residences, the compact footprint of heat pump water heaters ensures minimal space requirements. Growing demand for energy-efficient HVAC systems in urbanized areas, cost savings, environmental awareness have made the fastest growing market for residential in heat pump water heaters.


“North America is expected to be the second largest growing region in the heat pump water heater market.” 
North America is expected to be the second largest region in the heat pump water heater market during the forecast period. North America is divided into the US, Canada, and Mexico. The North American heat pump market has expanded as demand for heating, ventilation, and air-conditioning (HVAC) systems has increased. Factors such as rising demand for ecologically friendly heating solutions, expansion of the residential and commercial building sectors, and technological advancements in heat pump water heaters are also contributing to market growth. It is utilized in a wide range of domestic, commercial, and industrial applications, including general manufacturing, chemical and petroleum, food and drinks, utilities, textile and leather, wood goods, metal, and others. There are numerous government incentives for heat pump water heaters in North America. For instance, the federal tax credits up to 30% of the cost of the equipment, i.e., $2,000 for heat pump water heaters, and there are also state-level or utility-level incentives available in many states.


Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and assess future market prospects. The distribution of primary interviews is as follows:

By Company Type: Tier 1- 60%, Tier 2- 25%, and Tier 3- 15%
By Designation: C-Level- 35%, Director Level- 25%, and Others- 40%
By Region: North America- 36%, Europe- 19%, Asia Pacific- 33%, Rest of the World – 4%

ヒートポンプ給湯器市場 : 2028年までの世界予測 region

Note: Others include sales managers, engineers, and regional managers.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2022. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

The heat pump water heater market is dominated by a few major players that have a wide regional presence. The leading players in the heat pump water heater market are Panasonic Holding Corporation (Japan), LG Electronics (South Korea), Johnson Controls-Hitachi Air Conditioning (Japan), Mitsubishi Electric (Japan), and Trane Technologies (US). The major strategy adopted by the players includes new product launches, contracts, agreements, partnerships, joint ventures, acquisitions, and investments & expansions.

Research Coverage:

The report defines, describes, and forecasts the global heat pump water heater market by, source, technology, generation and delivery mode, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the heat pump water heater market.

Key Benefits of Buying the Report

• Government initiatives at the national and international levels amplify the impact of investment on the heat pump water heater market. Robust policy frameworks, often accompanied by financial incentives, subsidies, and regulatory support, encourage widespread adoption of heat pump water heaters for green hydrogen production. Factors such as high initial cost and lack of infrastructure restrain the growth of the market. The growing energy transition towards renewable energy sources and rapid urbanization are expected to present lucrative opportunities for the players operating in the heat pump water heater market.
• Product Development/ Innovation: The heat pump water heater market is witnessing significant product development and innovation, driven by the growing demand for environmentally friendly, safe and sustainable products. Companies are investing in developing advanced heat pump water heater technologies for various applications.
• Market Development: Panasonic Corporation partnered with Systemair on technology to launch heating and cooling products to offer its customers more options related to HVAC products, including heat pumps. Both companies will have their separate sales channels and branding for these products.
• Market Diversification: Daikin Industries, Ltd. has recently established a new factory for heat pump units at the Ksawerów Industrial Park in Lodz Province, Poland. The new production base will start operations in July 2024 to meet the rapidly increasing demand for heat pumps in Europe.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players, like include Panasonic Holding Corporation (Japan), LG Electronics (South Korea), Johnson Controls-Hitachi Air Conditioning (Japan), Mitsubishi Electric (Japan), and Trane Technologies (US) among others in the heat pump water heater market

Table of Contents

Table of Contents

1 INTRODUCTION 35

1.1 STUDY OBJECTIVES 35

1.2 MARKET DEFINITION 35

1.2.1 INCLUSIONS AND EXCLUSIONS 36

1.3 STUDY SCOPE 37

1.3.1 MARKETS COVERED 37

1.3.2 REGIONAL SCOPE 37

1.3.3 YEARS CONSIDERED 38

1.3.4 CURRENCY CONSIDERED 38

1.3.5 UNITS CONSIDERED 38

1.4 LIMITATIONS 38

1.5 STAKEHOLDERS 39

1.6 SUMMARY OF CHANGES 39

1.7 IMPACT OF RECESSION 40

2 RESEARCH METHODOLOGY 41

2.1 RESEARCH DATA 41

FIGURE 1 HEAT PUMP WATER HEATER MARKET: RESEARCH DESIGN 42

2.1.1 SECONDARY DATA 43

TABLE 1 LIST OF MAJOR SECONDARY SOURCES 43

2.1.1.1 Key secondary sources 43

2.1.2 PRIMARY DATA 44

TABLE 2 LIST OF PRIMARY INTERVIEW PARTICIPANTS 44

2.1.2.1 Key industry insights 44

2.1.2.2 Breakdown of primaries 45

FIGURE 2 BREAKDOWN OF PRIMARIES 45

2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 46

FIGURE 3 DATA TRIANGULATION 46

2.3 MARKET SIZE ESTIMATION 47

2.3.1 BOTTOM-UP APPROACH 47

FIGURE 4 HEAT PUMP WATER HEATER MARKET: BOTTOM-UP APPROACH 47

2.3.2 TOP-DOWN APPROACH 48

FIGURE 5 HEAT PUMP WATER HEATER MARKET: TOP-DOWN APPROACH 48

2.4 DEMAND-SIDE ANALYSIS 49

FIGURE 6 HEAT PUMP WATER HEATER MARKET: DEMAND-SIDE ANALYSIS 49

2.4.1 DEMAND-SIDE METRICS 49

FIGURE 7 METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR HEAT PUMP WATER HEATERS 49

2.4.1.1 Assumptions for demand-side analysis 49

2.4.1.2 Calculations for demand-side analysis 50

2.5 SUPPLY-SIDE ANALYSIS 50

2.5.1 SUPPLY-SIDE METRICS 50

FIGURE 8 KEY METRICS CONSIDERED TO ASSESS SUPPLY OF HEAT PUMP WATER HEATERS 50

FIGURE 9 HEAT PUMP WATER HEATER MARKET: SUPPLY-SIDE ANALYSIS 51

2.5.1.1 Calculations for supply-side analysis 51

2.5.1.2 Assumptions for supply-side analysis 51

2.6 FORECAST 51

2.7 RISK ASSESSMENT 52

2.8 RECESSION IMPACT 52

3 EXECUTIVE SUMMARY 53

TABLE 3 HEAT PUMP WATER HEATER MARKET SNAPSHOT 53

FIGURE 10 ASIA PACIFIC HELD LARGEST SHARE OF HEAT PUMP WATER HEATER MARKET IN 2022 54

FIGURE 11 UP TO 10 KW SEGMENT TO LEAD HEAT PUMP WATER HEATER MARKET IN 2028 55

FIGURE 12 AIR-TO-AIR HEAT PUMP WATER HEATERS SEGMENT TO HOLD LARGEST SHARE OF HEAT PUMP WATER HEATER MARKET IN 2028 55

FIGURE 13 R410A SEGMENT TO DOMINATE HEAT PUMP WATER HEATER MARKET IN 2028 56

FIGURE 14 UP TO 500 LITERS SEGMENT TO DOMINATE HEAT PUMP WATER HEATER MARKET IN 2028 56

FIGURE 15 RESIDENTIAL SEGMENT TO DOMINATE HEAT PUMP WATER HEATER MARKET IN 2028 57

4 PREMIUM INSIGHTS 58

4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HEAT PUMP WATER HEATER MARKET 58

FIGURE 16 RISING DEMAND FOR RESIDENTIAL AND COMMERCIAL WATER HEATING SOLUTIONS 58

4.2 HEAT PUMP WATER HEATER MARKET, BY REGION 59

FIGURE 17 EUROPEAN HEAT PUMP WATER HEATER MARKET TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD 59

4.3 ASIA PACIFIC HEAT PUMP WATER HEATER MARKET, BY END USER AND COUNTRY 59

FIGURE 18 RESIDENTIAL SEGMENT AND CHINA HELD LARGEST SHARES OF ASIA PACIFIC HEAT PUMP WATER HEATER MARKET IN 2022 59

4.4 HEAT PUMP WATER HEATER MARKET, BY TYPE 60

FIGURE 19 AIR-TO-AIR HEAT PUMP WATER HEATERS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2028 60

4.5 HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY 60

FIGURE 20 10–20 KW SEGMENT TO ACCOUNT FOR LARGEST SHARE OF HEAT PUMP WATER HEATER MARKET IN 2028 60

 

4.6 HEAT PUMP WATER HEATER MARKET, BY END USER 61

FIGURE 21 RESIDENTIAL SEGMENT TO DOMINATE HEAT PUMP WATER HEATER MARKET IN 2028 61

4.7 HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY 61

FIGURE 22 UP TO 500 LITERS SEGMENT TO DOMINATE HEAT PUMP WATER HEATER MARKET IN 2028 61

4.8 HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE 62

FIGURE 23 R410A SEGMENT TO DOMINATE HEAT PUMP WATER HEATER MARKET IN 2028 62

5 MARKET OVERVIEW 63

5.1 INTRODUCTION 63

5.2 MARKET DYNAMICS 63

FIGURE 24 HEAT PUMP WATER HEATER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 63

5.2.1 DRIVERS 64

5.2.1.1 Increasing installation of heat pump water heaters in residential, commercial, and industrial sectors to reduce carbon dioxide (CO2) emissions 64

5.2.1.2 Government-led incentives and regulations to enhance energy efficiency 65

5.2.2 RESTRAINTS 65

5.2.2.1 Variability in performance of heat pump water heaters based on climatic conditions 65

5.2.2.2 Complexities associated with installation and maintenance of heat pump water heaters 65

5.2.3 OPPORTUNITIES 66

5.2.3.1 Expansion of heat pump water heater market in emerging economies and untapped regions 66

5.2.3.2 Integration of Internet of Things (IoT) with heat pump water heaters 66

5.2.3.3 Increased sales of heat pumps in Europe 67

FIGURE 25 ANNUAL SALES GROWTH OF HEAT PUMPS WORLDWIDE AND SELECTED MARKETS BETWEEN 2021 AND 2022 67

5.2.4 CHALLENGES 68

5.2.4.1 Lack of awareness regarding benefits of heat pump water heaters in developing and underdeveloped countries 68

5.2.4.2 High installation cost 68

5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 69

FIGURE 26 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 69

5.4 PRICING ANALYSIS 70

5.4.1 INDICATIVE PRICE TREND OF HEAT PUMP WATER HEATERS, BY REGION 70

TABLE 4 INDICATIVE PRICE TREND OF HEAT PUMP WATER HEATERS, BY REGION, 2022–2028 (USD) 70

5.4.2 INDICATIVE PRICE TREND OF HEAT PUMP WATER HEATERS, BY END USER 70

TABLE 5 INDICATIVE PRICE TREND OF HEAT PUMP WATER HEATERS, BY END USER, 2022–2028 (USD) 70

5.5 SUPPLY CHAIN ANALYSIS 71

FIGURE 27 HEAT PUMP WATER HEATER MARKET: SUPPLY CHAIN ANALYSIS 71

5.5.1 RAW MATERIAL SUPPLIERS 71

5.5.2 ORIGINAL EQUIPMENT MANUFACTURERS (OEMS) 71

5.5.3 DISTRIBUTORS 71

5.5.4 END USERS 72

5.6 ECOSYSTEM/MARKET MAP 72

FIGURE 28 HEAT PUMP WATER HEATER MARKET MAP 72

TABLE 6 COMPANIES AND THEIR ROLES IN HEAT PUMP WATER HEATER ECOSYSTEM 73

5.7 REGULATORY LANDSCAPE 74

5.7.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 74

TABLE 7 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 74

TABLE 8 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 74

TABLE 9 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 75

TABLE 10 SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 75

TABLE 11 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 76

5.7.2 REGULATORY FRAMEWORK RELATED TO HEAT PUMP WATER HEATERS 76

5.7.2.1 Regulatory framework in North America 76

5.7.2.2 Regulatory framework in Europe 76

5.7.2.3 Regulatory framework in Asia Pacific 77

5.7.2.4 Regulatory framework in RoW 77

5.8 PATENT ANALYSIS 78

FIGURE 29 HEAT PUMP WATER HEATER MARKET: INNOVATIONS AND PATENT REGISTRATIONS, 2012–2022 78

TABLE 12 HEAT PUMP WATER HEATER MARKET: INNOVATIONS AND PATENT REGISTRATIONS, 2018–2022 78

5.9 CASE STUDY ANALYSIS 80

5.9.1 COMMERCIAL FACILITY USED DAIKIN INDUSTRIES’ HEAT PUMP WATER HEATER TO REVOLUTIONIZE WATER HEATING EFFICIENCY 80

5.9.2 INDUSTRIAL PLANT IMPLEMENTED CARRIER AQUAEDGE 19DV WATER-COOLED CHILLER WITH HEAT RECOVERY TO REDUCE ENERGY COSTS, INCREASE OPERATIONAL EFFICIENCY, AND MINIMIZE ENVIRONMENTAL IMPACT 80

5.9.3 HOTEL DEPLOYED A. O. SMITH VOLTEX HYBRID ELECTRIC HEAT PUMP WATER HEATER TO ENHANCE HOSPITALITY WITH SUSTAINABLE HOT WATER SOLUTIONS 80

5.10 TECHNOLOGY ANALYSIS 81

5.10.1 HYBRID HEAT PUMP SYSTEMS 81

5.10.2 ENERGY RECOVERY SYSTEMS 81

5.10.3 VARIABLE SPEED COMPRESSORS 81

5.11 KEY CONFERENCES AND EVENTS, 2023–2024 82

TABLE 13 HEAT PUMP WATER HEATER MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2023–2024 82

5.12 TRADE ANALYSIS 83

5.12.1 EXPORT SCENARIO 83

TABLE 14 EXPORT DATA FOR HS CODE 8418-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2022 (USD THOUSAND) 83

FIGURE 30 EXPORT DATA FOR HS CODE 8418-COMPLIANT PRODUCTS FOR TOP FIVE COUNTRIES, 2020–2022 (USD THOUSAND) 83

5.12.2 IMPORT SCENARIO 84

TABLE 15 IMPORT SCENARIO FOR HS CODE 8418-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2022 (USD THOUSAND) 84

FIGURE 31 IMPORT DATA FOR HS CODE 8418-COMPLIANT PRODUCTS FOR TOP FIVE COUNTRIES, 2020–2022 (USD THOUSAND) 84

5.13 PORTER’S FIVE FORCES ANALYSIS 84

FIGURE 32 HEAT PUMP WATER HEATER MARKET: PORTER’S FIVE FORCES ANALYSIS 85

TABLE 16 HEAT PUMP WATER HEATER MARKET: PORTER’S FIVE FORCES ANALYSIS 85

5.13.1 THREAT OF SUBSTITUTES 85

5.13.2 BARGAINING POWER OF SUPPLIERS 86

5.13.3 BARGAINING POWER OF BUYERS 86

5.13.4 THREAT OF NEW ENTRANTS 86

5.13.5 INTENSITY OF COMPETITIVE RIVALRY 86

5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 87

5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 87

FIGURE 33 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS, BY END USER 87

TABLE 17 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER (%) 87

5.14.2 BUYING CRITERIA 88

FIGURE 34 KEY BUYING CRITERIA, BY END USER 88

TABLE 18 KEY BUYING CRITERIA, BY END USER 88

6 HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY 89

6.1 INTRODUCTION 90

FIGURE 35 HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2022 90

TABLE 19 HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2019–2022 (USD MILLION) 90

TABLE 20 HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2023–2028 (USD MILLION) 91

6.2 UP TO 500 LITERS 91

6.2.1 GOVERNMENT SUBSIDIES FOR RESIDENTIAL HEAT PUMPS TO DRIVE DEMAND 91

TABLE 21 UP TO 500 LITERS: HEAT PUMP WATER HEATER MARKET, BY REGION, 2019–2022 (USD MILLION) 92

TABLE 22 UP TO 500 LITERS: HEAT PUMP WATER HEATER MARKET, BY REGION, 2023–2028 (USD MILLION) 92

 

6.3 500–1,000 LITERS 92

6.3.1 CAPABILITY TO PROVIDE HEATING TO SMALL COMMERCIAL BUSINESSES TO FUEL DEMAND 92

TABLE 23 500–1,000 LITERS: HEAT PUMP WATER HEATER MARKET, BY REGION, 2019–2022 (USD MILLION) 93

TABLE 24 500–1,000 LITERS: HEAT PUMP WATER HEATER MARKET, BY REGION, 2023–2028 (USD MILLION) 93

6.4 ABOVE 1,000 LITERS 94

6.4.1 NEED TO REPLACE CONVENTIONAL HEATING METHODS WITH ENERGY-EFFICIENT ONES AND TECHNOLOGICAL ADVANCEMENTS IN HEAT PUMP WATER HEATERS TO FUEL DEMAND 94

TABLE 25 ABOVE 1,000 LITERS: HEAT PUMP WATER HEATER MARKET, BY REGION, 2019–2022 (USD MILLION) 94

TABLE 26 ABOVE 1,000 LITERS: HEAT PUMP WATER HEATER MARKET, BY REGION, 2023–2028 (USD MILLION) 95

7 HEAT PUMP WATER HEATER MARKET, BY END USER 96

7.1 INTRODUCTION 97

FIGURE 36 HEAT PUMP WATER HEATER MARKET, BY END USER, 2022 97

TABLE 27 HEAT PUMP WATER HEATER MARKET, BY END USER, 2019–2022 (THOUSAND UNITS) 97

TABLE 28 HEAT PUMP WATER HEATER MARKET, BY END USER, 2023–2028 (THOUSAND UNITS) 98

TABLE 29 HEAT PUMP WATER HEATER MARKET, BY END USER, 2019–2022 (USD MILLION) 98

TABLE 30 HEAT PUMP WATER HEATER MARKET, BY END USER, 2023–2028 (USD MILLION) 98

7.2 RESIDENTIAL 99

7.2.1 GOVERNMENT PROGRAMMES AIMED AT ENHANCING ENERGY EFFICIENCY TO INCREASE DEMAND 99

TABLE 31 RESIDENTIAL: HEAT PUMP WATER HEATER MARKET, BY REGION, 2019–2022 (USD MILLION) 99

TABLE 32 RESIDENTIAL: HEAT PUMP WATER HEATER MARKET, BY REGION, 2023–2028 (USD MILLION) 100

7.3 COMMERCIAL 100

7.3.1 GROWING FOCUS ON USING RENEWABLE ENERGY SOURCES FOR COMMERCIAL OPERATIONS TO DRIVE MARKET 100

TABLE 33 COMMERCIAL: HEAT PUMP WATER HEATER MARKET, BY REGION, 2019–2022 (USD MILLION) 101

TABLE 34 COMMERCIAL: HEAT PUMP WATER HEATER MARKET, BY REGION, 2023–2028 (USD MILLION) 101

7.4 INDUSTRIAL 101

7.4.1 ENERGY-EFFICIENT DESIGN TO FUEL DEMAND 101

TABLE 35 INDUSTRIAL: HEAT PUMP WATER HEATER MARKET, BY REGION, 2019–2022 (USD MILLION) 102

TABLE 36 INDUSTRIAL: HEAT PUMP WATER HEATER MARKET, BY REGION, 2023–2028 (USD MILLION) 102

8 HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY 103

8.1 INTRODUCTION 104

FIGURE 37 HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2022 104

TABLE 37 HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2019–2022 (USD MILLION) 104

TABLE 38 HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2023–2028 (USD MILLION) 105

8.2 UP TO 10 KW 105

8.2.1 SUITABILITY FOR SINGLE-FAMILY HOUSES TO DRIVE DEMAND 105

TABLE 39 UP TO 10 KW: HEAT PUMP WATER HEATER MARKET, BY REGION, 2019–2022 (USD MILLION) 106

TABLE 40 UP TO 10 KW: HEAT PUMP WATER HEATER MARKET, BY REGION, 2023–2028 (USD MILLION) 106

8.3 10–20 KW 106

8.3.1 GROWING DEMAND IN RESIDENTIAL SECTOR TO FUEL MARKET GROWTH 106

TABLE 41 10–20 KW: HEAT PUMP WATER HEATER MARKET, BY REGION, 2019–2022 (USD MILLION) 107

TABLE 42 10–20 KW: HEAT PUMP WATER HEATER MARKET, BY REGION, 2023–2028 (USD MILLION) 107

8.4 20–30 KW 108

8.4.1 ABILITY TO MEET HEATING REQUIREMENTS OF COMMERCIAL SECTOR TO FUEL DEMAND 108

TABLE 43 20–30 KW: HEAT PUMP WATER HEATER MARKET, BY REGION, 2019–2022 (USD MILLION) 108

TABLE 44 20–30 KW: HEAT PUMP WATER HEATER MARKET, BY REGION, 2023–2028 (USD MILLION) 108

8.5 30–100 KW 109

8.5.1 GROWING DEMAND FROM SMALL AND MEDIUM-SIZED COMMERCIAL BUILDINGS TO DRIVE MARKET 109

TABLE 45 30–100 KW: HEAT PUMP WATER HEATER MARKET, BY REGION, 2019–2022 (USD MILLION) 109

TABLE 46 30–100 KW: HEAT PUMP WATER HEATER MARKET, BY REGION, 2023–2028 (USD MILLION) 110

8.6 100–150 KW 110

8.6.1 INCREASING HEATING DEMAND FROM LARGE COMMERCIAL OPERATORS TO DRIVE MARKET 110

TABLE 47 100–150 KW: HEAT PUMP WATER HEATER MARKET, BY REGION, 2019–2022 (USD MILLION) 111

TABLE 48 100–150 KW: HEAT PUMP WATER HEATER MARKET, BY REGION, 2023–2028 (USD MILLION) 111

8.7 ABOVE 150 KW 111

8.7.1 RISING HIGH-VOLUME HOT WATER DEMAND IN VARIOUS INDUSTRIES TO BOOST INSTALLATION 111

TABLE 49 ABOVE 150 KW: HEAT PUMP WATER HEATER MARKET, BY REGION, 2019–2022 (USD MILLION) 112

TABLE 50 ABOVE 150 KW: HEAT PUMP WATER HEATER MARKET, BY REGION, 2023–2028 (USD MILLION) 112

9 HEAT PUMP WATER HEATER MARKET, BY TYPE 113

9.1 INTRODUCTION 114

FIGURE 38 HEAT PUMP WATER HEATER MARKET, BY TYPE, 2022 114

TABLE 51 HEAT PUMP WATER HEATER MARKET, BY TYPE, 2019–2022 (USD MILLION) 114

TABLE 52 HEAT PUMP WATER HEATER MARKET, BY TYPE, 2023–2028 (USD MILLION) 115

9.2 AIR-TO-AIR HEAT PUMP WATER HEATERS 115

9.2.1 LOW INSTALLATION COST TO BOOST DEMAND 115

TABLE 53 AIR-TO-AIR HEAT PUMP WATER HEATERS: HEAT PUMP WATER HEATER MARKET, BY REGION, 2019–2022 (USD MILLION) 116

TABLE 54 AIR-TO-AIR HEAT PUMP WATER HEATERS: HEAT PUMP WATER HEATER MARKET, BY REGION, 2023–2028 (USD MILLION) 116

9.3 AIR-TO-WATER HEAT PUMP WATER HEATERS 116

9.3.1 INCREASING INCLINATION TOWARD SUSTAINABLE ALTERNATIVES TO MINIMIZE ENERGY CONSUMPTION TO FUEL DEMAND 116

TABLE 55 AIR-TO-WATER HEAT PUMP WATER HEATERS: HEAT PUMP WATER HEATER MARKET, BY REGION, 2019–2022 (USD MILLION) 117

TABLE 56 AIR-TO-WATER HEAT PUMP WATER HEATERS: HEAT PUMP WATER HEATER MARKET, BY REGION, 2023–2028 (USD MILLION) 117

9.4 WATER-SOURCE HEAT PUMP WATER HEATERS 118

9.4.1 GROWING AWARENESS REGARDING REDUCING CARBON FOOTPRINT TO DRIVE DEMAND 118

TABLE 57 WATER-SOURCE HEAT PUMP WATER HEATERS: HEAT PUMP WATER HEATER MARKET, BY REGION, 2019–2022 (USD MILLION) 118

TABLE 58 WATER-SOURCE HEAT PUMP WATER HEATERS: HEAT PUMP WATER HEATER MARKET, BY REGION, 2023–2028 (USD MILLION) 119

9.5 GROUND-SOURCE (GEOTHERMAL) HEAT PUMP WATER HEATER 119

9.5.1 HIGH EFFICIENCY AND EMERGENCE AS SUSTAINABLE ALTERNATIVE TO TRADITIONAL HEAT PUMPS TO DRIVE MARKET 119

TABLE 59 GROUND-SOURCE (GEOTHERMAL) HEAT PUMP WATER HEATERS: HEAT PUMP WATER HEATER MARKET, BY REGION, 2019–2022 (USD MILLION) 120

TABLE 60 GROUND-SOURCE (GEOTHERMAL) HEAT PUMP WATER HEATERS: HEAT PUMP WATER HEATER MARKET, BY REGION, 2023–2028 (USD MILLION) 120

9.6 HYBRID HEAT PUMP WATER HEATER 120

9.6.1 GOVERNMENT-LED SUPPORT AND VERSATILITY FOR USE IN ALL SEASONS TO DRIVE DEMAND 120

TABLE 61 HYBRID HEAT PUMP WATER HEATERS: HEAT PUMP WATER HEATER MARKET, BY REGION, 2019–2022 (USD MILLION) 121

TABLE 62 HYBRID HEAT PUMP WATER HEATERS: HEAT PUMP WATER HEATER MARKET, BY REGION, 2023–2028 (USD MILLION) 121

10 HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE 122

10.1 INTRODUCTION 123

FIGURE 39 HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2022 123

TABLE 63 HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2019–2022 (USD MILLION) 123

TABLE 64 HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2023–2028 (USD MILLION) 124

10.2 R410A 124

10.2.1 RISING DEMAND IN VARIOUS SECTORS DUE TO VERSATILITY AND EFFECTIVENESS TO DRIVE MARKET 124

TABLE 65 R410A: HEAT PUMP WATER HEATER MARKET, BY REGION, 2019–2022 (USD MILLION) 124

TABLE 66 R410A: HEAT PUMP WATER HEATER MARKET, BY REGION, 2023–2028 (USD MILLION) 125

10.3 R407C 125

10.3.1 GROWING DEMAND FOR HEATING, VENTILATION, AND AIR CONDITIONING (HVAC) SYSTEMS WITH RAPID URBANIZATION AND RISING DISPOSABLE INCOME TO DRIVE MARKET 125

TABLE 67 R407C: HEAT PUMP WATER HEATER MARKET, BY REGION, 2019–2022 (USD MILLION) 126

TABLE 68 R407C: HEAT PUMP WATER HEATER MARKET, BY REGION, 2023–2028 (USD MILLION) 126

10.4 R744 126

10.4.1 ECO-FRIENDLY OPERATIONAL FEATURES TO PROPEL DEMAND 126

TABLE 69 R744: HEAT PUMP WATER HEATER MARKET, BY REGION, 2019–2022 (USD MILLION) 127

TABLE 70 R744: HEAT PUMP WATER HEATER MARKET, BY REGION, 2023–2028 (USD MILLION) 127

10.5 OTHERS 127

TABLE 71 OTHERS: HEAT PUMP WATER HEATER MARKET, BY REGION, 2019–2022 (USD MILLION) 128

TABLE 72 OTHERS: HEAT PUMP WATER HEATER MARKET, BY REGION, 2023–2028 (USD MILLION) 128

11 HEAT PUMP WATER HEATER MARKET, BY REGION 129

11.1 INTRODUCTION 130

FIGURE 40 EUROPEAN HEAT PUMP WATER HEATER MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 130

FIGURE 41 HEAT PUMP WATER HEATER MARKET, BY REGION, 2022 131

TABLE 73 HEAT PUMP WATER HEATER MARKET, BY REGION, 2019–2022 (USD MILLION) 131

TABLE 74 HEAT PUMP WATER HEATER MARKET, BY REGION, 2023–2028 (USD MILLION) 131

TABLE 75 HEAT PUMP WATER HEATER MARKET, BY REGION, 2019–2022 (THOUSAND UNITS) 132

TABLE 76 HEAT PUMP WATER HEATER MARKET, BY REGION, 2023–2028 (THOUSAND UNITS) 132

11.2 ASIA PACIFIC 132

FIGURE 42 ASIA PACIFIC: HEAT PUMP WATER HEATER MARKET SNAPSHOT 133

11.2.1 ASIA PACIFIC HEAT PUMP WATER HEATER MARKET: RECESSION IMPACT 133

11.2.2 BY TYPE 134

TABLE 77 ASIA PACIFIC: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2019–2022 (USD MILLION) 134

TABLE 78 ASIA PACIFIC: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2023–2028 (USD MILLION) 134

11.2.3 BY STORAGE TANK CAPACITY 134

TABLE 79 ASIA PACIFIC: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2019–2022 (USD MILLION) 134

TABLE 80 ASIA PACIFIC: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2023–2028 (USD MILLION) 135

11.2.4 BY RATED CAPACITY 135

TABLE 81 ASIA PACIFIC: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2019–2022 (USD MILLION) 135

TABLE 82 ASIA PACIFIC: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2023–2028 (USD MILLION) 135

11.2.5 BY REFRIGERANT TYPE 136

TABLE 83 ASIA PACIFIC: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2019–2022 (USD MILLION) 136

TABLE 84 ASIA PACIFIC: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2023–2028 (USD MILLION) 136

11.2.6 BY END USER 136

TABLE 85 ASIA PACIFIC: HEAT PUMP WATER HEATER MARKET, BY END USER, 2019–2022 (USD MILLION) 136

TABLE 86 ASIA PACIFIC: HEAT PUMP WATER HEATER MARKET, BY END USER, 2023–2028 (USD MILLION) 137

11.2.7 BY COUNTRY 137

TABLE 87 ASIA PACIFIC: HEAT PUMP WATER HEATER MARKET, BY REGION, 2019–2022 (USD MILLION) 137

TABLE 88 ASIA PACIFIC: HEAT PUMP WATER HEATER MARKET, BY REGION, 2023–2028 (USD MILLION) 138

11.2.7.1 India 138

11.2.7.1.1 Government-led initiatives for boosting adoption of renewable energy to drive market 138

11.2.7.1.2 By type 139

TABLE 89 INDIA: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2019–2022 (USD MILLION) 139

TABLE 90 INDIA: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2023–2028 (USD MILLION) 139

11.2.7.1.3 By storage tank capacity 139

TABLE 91 INDIA: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2019–2022 (USD MILLION) 139

TABLE 92 INDIA: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2023–2028 (USD MILLION) 140

11.2.7.1.4 By rated capacity 140

TABLE 93 INDIA: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2019–2022 (USD MILLION) 140

TABLE 94 INDIA: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2023–2028 (USD MILLION) 140

11.2.7.1.5 By refrigerant type 141

TABLE 95 INDIA: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2019–2022 (USD MILLION) 141

TABLE 96 INDIA: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2023–2028 (USD MILLION) 141

11.2.7.1.6 By end user 141

TABLE 97 INDIA: HEAT PUMP WATER HEATER MARKET, BY END USER, 2019–2022 (USD MILLION) 141

TABLE 98 INDIA: HEAT PUMP WATER HEATER MARKET, BY END USER, 2023–2028 (USD MILLION) 142

11.2.7.2 China 142

11.2.7.2.1 Growing urban population and initiatives to minimize pollution to drive demand 142

11.2.7.2.2 By type 143

TABLE 99 CHINA: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2019–2022 (USD MILLION) 143

TABLE 100 CHINA: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2023–2028 (USD MILLION) 143

11.2.7.2.3 By storage tank capacity 143

TABLE 101 CHINA: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2019–2022 (USD MILLION) 143

TABLE 102 CHINA: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2023–2028 (USD MILLION) 144

11.2.7.2.4 By rated capacity 144

TABLE 103 CHINA: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2019–2022 (USD MILLION) 144

TABLE 104 CHINA: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2023–2028 (USD MILLION) 144

11.2.7.2.5 By refrigerant type 145

TABLE 105 CHINA: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2019–2022 (USD MILLION) 145

TABLE 106 CHINA: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2023–2028 (USD MILLION) 145

11.2.7.2.6 By end user 145

TABLE 107 CHINA: HEAT PUMP WATER HEATER MARKET, BY END USER, 2019–2022 (USD MILLION) 145

TABLE 108 CHINA: HEAT PUMP WATER HEATER MARKET, BY END USER, 2023–2028 (USD MILLION) 146

11.2.7.3 Australia 146

11.2.7.3.1 Favorable environmental conditions and focus on developing renewable industry to drive demand 146

11.2.7.3.2 By type 147

TABLE 109 AUSTRALIA: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2019–2022 (USD MILLION) 147

TABLE 110 AUSTRALIA: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2023–2028 (USD MILLION) 147

11.2.7.3.3 By storage tank capacity 147

TABLE 111 AUSTRALIA: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2019–2022 (USD MILLION) 147

TABLE 112 AUSTRALIA: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2023–2028 (USD MILLION) 148

11.2.7.3.4 By rated capacity 148

TABLE 113 AUSTRALIA: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2019–2022 (USD MILLION) 148

TABLE 114 AUSTRALIA: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2023–2028 (USD MILLION) 148

11.2.7.3.5 By refrigerant type 149

TABLE 115 AUSTRALIA: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2019–2022 (USD MILLION) 149

TABLE 116 AUSTRALIA: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2023–2028 (USD MILLION) 149

11.2.7.3.6 By end user 149

TABLE 117 AUSTRALIA: HEAT PUMP WATER HEATER MARKET, BY END USER, 2019–2022 (USD MILLION) 149

TABLE 118 AUSTRALIA: HEAT PUMP WATER HEATER MARKET, BY END USER, 2023–2028 (USD MILLION) 150

11.2.7.4 Japan 150

11.2.7.4.1 Growing focus on minimizing pollution to drive demand 150

11.2.7.4.2 By type 150

TABLE 119 JAPAN: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2019–2022 (USD MILLION) 150

TABLE 120 JAPAN: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2023–2028 (USD MILLION) 151

11.2.7.4.3 By storage tank capacity 151

TABLE 121 JAPAN: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2019–2022 (USD MILLION) 151

TABLE 122 JAPAN: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2023–2028 (USD MILLION) 151

11.2.7.4.4 By rated capacity 152

TABLE 123 JAPAN: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2019–2022 (USD MILLION) 152

TABLE 124 JAPAN: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2023–2028 (USD MILLION) 152

11.2.7.4.5 By refrigerant type 152

TABLE 125 JAPAN: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2019–2022 (USD MILLION) 152

TABLE 126 JAPAN: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2023–2028 (USD MILLION) 153

11.2.7.4.6 By end user 153

TABLE 127 JAPAN: HEAT PUMP WATER HEATER MARKET, BY END USER, 2019–2022 (USD MILLION) 153

TABLE 128 JAPAN: HEAT PUMP WATER HEATER MARKET, BY END USER, 2023–2028 (USD MILLION) 153

11.2.7.5 South Korea 154

11.2.7.5.1 Increasing demand for energy-efficient and environmentally friendly heating solutions to drive market 154

11.2.7.5.2 By type 154

TABLE 129 SOUTH KOREA: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2019–2022 (USD MILLION) 154

TABLE 130 SOUTH KOREA: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2023–2028 (USD MILLION) 155

11.2.7.5.3 By storage tank capacity 155

TABLE 131 SOUTH KOREA: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2019–2022 (USD MILLION) 155

TABLE 132 SOUTH KOREA: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2023–2028 (USD MILLION) 155

11.2.7.5.4 By rated capacity 156

TABLE 133 SOUTH KOREA: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2019–2022 (USD MILLION) 156

TABLE 134 SOUTH KOREA: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2023–2028 (USD MILLION) 156

11.2.7.5.5 By refrigerant type 156

TABLE 135 SOUTH KOREA: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2019–2022 (USD MILLION) 156

TABLE 136 SOUTH KOREA: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2023–2028 (USD MILLION) 157

11.2.7.5.6 By end user 157

TABLE 137 SOUTH KOREA: HEAT PUMP WATER HEATER MARKET, BY END USER, 2019–2022 (USD MILLION) 157

TABLE 138 SOUTH KOREA: HEAT PUMP WATER HEATER MARKET, BY END USER, 2023–2028 (USD MILLION) 157

11.2.7.6 Rest of Asia Pacific 158

11.2.7.6.1 By type 158

TABLE 139 REST OF ASIA PACIFIC: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2019–2022 (USD MILLION) 158

TABLE 140 REST OF ASIA PACIFIC: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2023–2028 (USD MILLION) 158

11.2.7.6.2 By storage tank capacity 159

TABLE 141 REST OF ASIA PACIFIC: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2019–2022 (USD MILLION) 159

TABLE 142 REST OF ASIA PACIFIC: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2023–2028 (USD MILLION) 159

11.2.7.6.3 By rated capacity 159

TABLE 143 REST OF ASIA PACIFIC: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2019–2022 (USD MILLION) 159

TABLE 144 REST OF ASIA PACIFIC: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2023–2028 (USD MILLION) 160

11.2.7.6.4 By refrigerant type 160

TABLE 145 REST OF ASIA PACIFIC: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2019–2022 (USD MILLION) 160

TABLE 146 REST OF ASIA PACIFIC: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2023–2028 (USD MILLION) 160

11.2.7.6.5 By end user 161

TABLE 147 REST OF ASIA PACIFIC: HEAT PUMP WATER HEATER MARKET, BY END USER, 2019–2022 (USD MILLION) 161

TABLE 148 REST OF ASIA PACIFIC: HEAT PUMP WATER HEATER MARKET, BY END USER, 2023–2028 (USD MILLION) 161

11.3 EUROPE 161

FIGURE 43 EUROPE: HEAT PUMP WATER HEATER MARKET SNAPSHOT 162

11.3.1 EUROPEAN HEAT PUMP WATER HEATER MARKET: RECESSION IMPACT 163

11.3.2 BY TYPE 163

TABLE 149 EUROPE: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2019–2022 (USD MILLION) 163

TABLE 150 EUROPE: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2023–2028 (USD MILLION) 163

11.3.3 BY STORAGE TANK CAPACITY 164

TABLE 151 EUROPE: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2019–2022 (USD MILLION) 164

TABLE 152 EUROPE: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2023–2028 (USD MILLION) 164

11.3.4 BY RATED CAPACITY 164

TABLE 153 EUROPE: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2019–2022 (USD MILLION) 164

TABLE 154 EUROPE: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2023–2028 (USD MILLION) 165

11.3.5 BY REFRIGERANT TYPE 165

TABLE 155 EUROPE: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2019–2022 (USD MILLION) 165

TABLE 156 EUROPE: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2023–2028 (USD MILLION) 165

11.3.6 BY END USER 166

TABLE 157 EUROPE: HEAT PUMP WATER HEATER MARKET, BY END USER, 2019–2022 (USD MILLION) 166

TABLE 158 EUROPE: HEAT PUMP WATER HEATER MARKET, BY END USER, 2023–2028 (USD MILLION) 166

11.3.7 BY COUNTRY 166

TABLE 159 EUROPE: HEAT PUMP WATER HEATER MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 166

TABLE 160 EUROPE: HEAT PUMP WATER HEATER MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 167

11.3.7.1 UK 167

11.3.7.1.1 Growth in private housing and demand for renewable heat generation to drive market 167

11.3.7.1.2 By type 168

TABLE 161 UK: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2019–2022 (USD MILLION) 168

TABLE 162 UK: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2023–2028 (USD MILLION) 168

11.3.7.1.3 By storage tank capacity 168

TABLE 163 UK: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2019–2022 (USD MILLION) 168

TABLE 164 UK: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2023–2028 (USD MILLION) 169

11.3.7.1.4 By rated capacity 169

TABLE 165 UK: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2019–2022 (USD MILLION) 169

TABLE 166 UK: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2023–2028 (USD MILLION) 169

11.3.7.1.5 By refrigerant type 170

TABLE 167 UK: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2019–2022 (USD MILLION) 170

TABLE 168 UK: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2023–2028 (USD MILLION) 170

11.3.7.1.6 By end user 170

TABLE 169 UK: HEAT PUMP WATER HEATER MARKET, BY END USER, 2019–2022 (USD MILLION) 170

TABLE 170 UK: HEAT PUMP WATER HEATER MARKET, BY END USER, 2023–2028 (USD MILLION) 171

11.3.7.2 Italy 171

11.3.7.2.1 Government-led schemes for boosting installation of heat pump water heaters to drive market 171

11.3.7.2.2 By type 172

TABLE 171 ITALY: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2019–2022 (USD MILLION) 172

TABLE 172 ITALY: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2023–2028 (USD MILLION) 172

11.3.7.2.3 By storage tank capacity 172

TABLE 173 ITALY: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2019–2022 (USD MILLION) 172

TABLE 174 ITALY: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2023–2028 (USD MILLION) 173

11.3.7.2.4 By rated capacity 173

TABLE 175 ITALY: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2019–2022 (USD MILLION) 173

TABLE 176 ITALY: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2023–2028 (USD MILLION) 173

11.3.7.2.5 By refrigerant type 174

TABLE 177 ITALY: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2019–2022 (USD MILLION) 174

TABLE 178 ITALY: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2023–2028 (USD MILLION) 174

11.3.7.2.6 By end user 174

TABLE 179 ITALY: HEAT PUMP WATER HEATER MARKET, BY END USER, 2019–2022 (USD MILLION) 174

TABLE 180 ITALY: HEAT PUMP WATER HEATER MARKET, BY END USER, 2023–2028 (USD MILLION) 175

11.3.7.3 Germany 175

11.3.7.3.1 Government-led initiatives for sustainable development to fuel demand 175

11.3.7.3.2 By type 175

TABLE 181 GERMANY: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2019–2022 (USD MILLION) 175

TABLE 182 GERMANY: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2023–2028 (USD MILLION) 176

11.3.7.3.3 By storage tank capacity 176

TABLE 183 GERMANY: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2019–2022 (USD MILLION) 176

TABLE 184 GERMANY: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2023–2028 (USD MILLION) 176

11.3.7.3.4 By rated capacity 177

TABLE 185 GERMANY: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2019–2022 (USD MILLION) 177

TABLE 186 GERMANY: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2023–2028 (USD MILLION) 177

11.3.7.3.5 By refrigerant type 178

TABLE 187 GERMANY: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2019–2022 (USD MILLION) 178

TABLE 188 GERMANY: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2023–2028 (USD MILLION) 178

11.3.7.3.6 By end user 178

TABLE 189 GERMANY: HEAT PUMP WATER HEATER MARKET, BY END USER, 2019–2022 (USD MILLION) 178

TABLE 190 GERMANY: HEAT PUMP WATER HEATER MARKET, BY END USER, 2023–2028 (USD MILLION) 179

11.3.7.4 France 179

11.3.7.4.1 Government policies to enhance energy efficiency, particularly in building sector, to drive market 179

11.3.7.4.2 By type 180

TABLE 191 FRANCE: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2019–2022 (USD MILLION) 180

TABLE 192 FRANCE: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2023–2028 (USD MILLION) 180

11.3.7.4.3 By storage tank capacity 180

TABLE 193 FRANCE: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2019–2022 (USD MILLION) 180

TABLE 194 FRANCE: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2023–2028 (USD MILLION) 181

11.3.7.4.4 By rated capacity 181

TABLE 195 FRANCE: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2019–2022 (USD MILLION) 181

TABLE 196 FRANCE: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2023–2028 (USD MILLION) 181

11.3.7.4.5 By refrigerant type 182

TABLE 197 FRANCE: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2019–2022 (USD MILLION) 182

TABLE 198 FRANCE: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2023–2028 (USD MILLION) 182

11.3.7.4.6 By end user 182

TABLE 199 FRANCE: HEAT PUMP WATER HEATER MARKET, BY END USER, 2019–2022 (USD MILLION) 182

TABLE 200 FRANCE: HEAT PUMP WATER HEATER MARKET, BY END USER, 2023–2028 (USD MILLION) 183

11.3.7.5 Rest of Europe 183

11.3.7.5.1 By type 183

TABLE 201 REST OF EUROPE: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2019–2022 (USD MILLION) 183

TABLE 202 REST OF EUROPE: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2023–2028 (USD MILLION) 184

11.3.7.5.2 By storage tank capacity 184

TABLE 203 REST OF EUROPE: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2019–2022 (USD MILLION) 184

TABLE 204 REST OF EUROPE: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2023–2028 (USD MILLION) 184

11.3.7.5.3 By rated capacity 185

TABLE 205 REST OF EUROPE: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2019–2022 (USD MILLION) 185

TABLE 206 REST OF EUROPE: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2023–2028 (USD MILLION) 185

11.3.7.5.4 By refrigerant type 185

TABLE 207 REST OF EUROPE: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2019–2022 (USD MILLION) 185

TABLE 208 REST OF EUROPE: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2023–2028 (USD MILLION) 186

11.3.7.5.5 By end user 186

TABLE 209 REST OF EUROPE: HEAT PUMP WATER HEATER MARKET, BY END USER, 2019–2022 (USD MILLION) 186

TABLE 210 REST OF EUROPE: HEAT PUMP WATER HEATER MARKET, BY END USER, 2023–2028 (USD MILLION) 186

11.4 NORTH AMERICA 187

11.4.1 NORTH AMERICAN HEAT PUMP WATER HEATER MARKET: RECESSION IMPACT 187

11.4.2 BY TYPE 187

TABLE 211 NORTH AMERICA: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2019–2022 (USD MILLION) 187

TABLE 212 NORTH AMERICA: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2023–2028 (USD MILLION) 187

11.4.3 BY RATED CAPACITY 188

TABLE 213 NORTH AMERICA: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2019–2022 (USD MILLION) 188

TABLE 214 NORTH AMERICA: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2023–2028 (USD MILLION) 188

11.4.4 BY REFRIGERANT TYPE 188

TABLE 215 NORTH AMERICA: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2019–2022 (USD MILLION) 188

TABLE 216 NORTH AMERICA: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2023–2028 (USD MILLION) 189

11.4.5 BY STORAGE TANK CAPACITY 189

TABLE 217 NORTH AMERICA: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2019–2022 (USD MILLION) 189

TABLE 218 NORTH AMERICA: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2023–2028 (USD MILLION) 189

11.4.6 BY END USER 190

TABLE 219 NORTH AMERICA: HEAT PUMP WATER HEATER MARKET, BY END USER, 2019–2022 (USD MILLION) 190

TABLE 220 NORTH AMERICA: HEAT PUMP WATER HEATER MARKET, BY END USER, 2023–2028 (USD MILLION) 190

11.4.7 BY COUNTRY 190

TABLE 221 NORTH AMERICA: HEAT PUMP WATER HEATER MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 190

TABLE 222 NORTH AMERICA: HEAT PUMP WATER HEATER MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 191

11.4.7.1 US 191

11.4.7.1.1 Elevated demand for energy-efficient water heating systems in residential and commercial sectors to drive market 191

11.4.7.1.2 By type 191

TABLE 223 US: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2019–2022 (USD MILLION) 191

TABLE 224 US: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2023–2028 (USD MILLION) 192

11.4.7.1.3 By rated capacity 192

TABLE 225 US: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2019–2022 (USD MILLION) 192

TABLE 226 US: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2023–2028 (USD MILLION) 192

11.4.7.1.4 By refrigerant type 193

TABLE 227 US: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2019–2022 (USD MILLION) 193

TABLE 228 US: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2023–2028 (USD MILLION) 193

11.4.7.1.5 By storage tank capacity 193

TABLE 229 US: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2019–2022 (USD MILLION) 193

TABLE 230 US: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2023–2028 (USD MILLION) 194

11.4.7.1.6 By end user 194

TABLE 231 US: HEAT PUMP WATER HEATER MARKET, BY END USER, 2019–2022 (USD MILLION) 194

TABLE 232 US: HEAT PUMP WATER HEATER MARKET, BY END USER, 2023–2028 (USD MILLION) 194

11.4.7.2 Canada 195

11.4.7.2.1 High focus on adopting innovative technologies to reduce energy wastage and loss to fuel demand 195

11.4.7.2.2 By type 195

TABLE 233 CANADA: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2019–2022 (USD MILLION) 195

TABLE 234 CANADA: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2023–2028 (USD MILLION) 195

11.4.7.2.3 By rated capacity 196

TABLE 235 CANADA: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2019–2022 (USD MILLION) 196

TABLE 236 CANADA: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2023–2028 (USD MILLION) 196

11.4.7.2.4 By refrigerant type 196

TABLE 237 CANADA: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2019–2022 (USD MILLION) 196

TABLE 238 CANADA: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2023–2028 (USD MILLION) 197

11.4.7.2.5 By storage tank capacity 197

TABLE 239 CANADA: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2019–2022 (USD MILLION) 197

TABLE 240 CANADA: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2023–2028 (USD MILLION) 197

11.4.7.2.6 By end user 198

TABLE 241 CANADA: HEAT PUMP WATER HEATER MARKET, BY END USER, 2019–2022 (USD MILLION) 198

TABLE 242 CANADA: HEAT PUMP WATER HEATER MARKET, BY END USER, 2023–2028 (USD MILLION) 198

11.4.7.3 Mexico 198

11.4.7.3.1 Transition toward eco-friendly heat pump water heaters to drive market 198

11.4.7.3.2 By type 199

TABLE 243 MEXICO: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2019–2022 (USD MILLION) 199

TABLE 244 MEXICO: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2023–2028 (USD MILLION) 199

11.4.7.3.3 By rated capacity 199

TABLE 245 MEXICO: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2019–2022 (USD MILLION) 199

TABLE 246 MEXICO: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2023–2028 (USD MILLION) 200

11.4.7.3.4 By refrigerant type 200

TABLE 247 MEXICO: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2019–2022 (USD MILLION) 200

TABLE 248 MEXICO: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2023–2028 (USD MILLION) 200

11.4.7.3.5 By storage tank capacity 201

TABLE 249 MEXICO: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2019–2022 (USD MILLION) 201

TABLE 250 MEXICO: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2023–2028 (USD MILLION) 201

11.4.7.3.6 By end user 201

TABLE 251 MEXICO: HEAT PUMP WATER HEATER MARKET, BY END USER, 2019–2022 (USD MILLION) 201

TABLE 252 MEXICO: HEAT PUMP WATER HEATER MARKET, BY END USER, 2023–2028 (USD MILLION) 202

11.5 MIDDLE EAST & AFRICA 202

11.5.1 MIDDLE EASTERN & AFRICAN HEAT PUMP WATER HEATER MARKET: RECESSION IMPACT 202

11.5.2 BY TYPE 202

TABLE 253 MIDDLE EAST & AFRICA: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2019–2022 (USD MILLION) 202

TABLE 254 MIDDLE EAST & AFRICA: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2023–2028 (USD MILLION) 203

11.5.3 BY RATED CAPACITY 203

TABLE 255 MIDDLE EAST & AFRICA: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2019–2022 (USD MILLION) 203

TABLE 256 MIDDLE EAST & AFRICA: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2023–2028 (USD MILLION) 203

11.5.4 BY REFRIGERANT TYPE 204

TABLE 257 MIDDLE EAST & AFRICA: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2019–2022 (USD MILLION) 204

TABLE 258 MIDDLE EAST & AFRICA: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2023–2028 (USD MILLION) 204

11.5.5 BY STORAGE TANK CAPACITY 204

TABLE 259 MIDDLE EAST & AFRICA: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2019–2022 (USD MILLION) 204

TABLE 260 MIDDLE EAST & AFRICA: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2023–2028 (USD MILLION) 205

11.5.6 BY END USER 205

TABLE 261 MIDDLE EAST & AFRICA: HEAT PUMP WATER HEATER MARKET, BY END USER, 2019–2022 (USD MILLION) 205

TABLE 262 MIDDLE EAST & AFRICA: HEAT PUMP WATER HEATER MARKET, BY END USER, 2023–2028 (USD MILLION) 205

11.5.7 BY COUNTRY 206

TABLE 263 MIDDLE EAST & AFRICA: HEAT PUMP WATER HEATER MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 206

TABLE 264 MIDDLE EAST & AFRICA: HEAT PUMP WATER HEATER MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 206

11.5.7.1 GCC 206

11.5.7.1.1 Saudi Arabia 206

11.5.7.1.1.1 Increasing investments in industrial sector to boost demand 206

11.5.7.1.2 By type 207

TABLE 265 SAUDI ARABIA: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2019–2022 (USD MILLION) 207

TABLE 266 SAUDI ARABIA: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2023–2028 (USD MILLION) 207

11.5.7.1.3 By rated capacity 207

TABLE 267 SAUDI ARABIA: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2019–2022 (USD MILLION) 207

TABLE 268 SAUDI ARABIA: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2023–2028 (USD MILLION) 208

11.5.7.1.4 By refrigerant type 208

TABLE 269 SAUDI ARABIA: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2019–2022 (USD MILLION) 208

TABLE 270 SAUDI ARABIA: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2023–2028 (USD MILLION) 208

11.5.7.1.5 By storage tank capacity 209

TABLE 271 SAUDI ARABIA: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2019–2022 (USD MILLION) 209

TABLE 272 SAUDI ARABIA: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2023–2028 (USD MILLION) 209

11.5.7.1.6 By end user 209

TABLE 273 SAUDI ARABIA: HEAT PUMP WATER HEATER MARKET, BY END USER, 2019–2022 (USD MILLION) 209

TABLE 274 SAUDI ARABIA: HEAT PUMP WATER HEATER MARKET, BY END USER, 2023–2028 (USD MILLION) 210

11.5.7.1.7 UAE 210

11.5.7.1.7.1 Transformation in consumer lifestyles to fuel the demand 210

11.5.7.1.8 By type 210

TABLE 275 UAE: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2019–2022 (USD MILLION) 210

TABLE 276 UAE: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2023–2028 (USD MILLION) 211

11.5.7.1.9 By rated capacity 211

TABLE 277 UAE: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2019–2022 (USD MILLION) 211

TABLE 278 UAE: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2023–2028 (USD MILLION) 211

11.5.7.1.10 By refrigerant type 212

TABLE 279 UAE: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2019–2022 (USD MILLION) 212

TABLE 280 UAE: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2023–2028 (USD MILLION) 212

11.5.7.1.11 By storage tank capacity 212

TABLE 281 UAE: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2019–2022 (USD MILLION) 212

TABLE 282 UAE: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2023–2028 (USD MILLION) 213

11.5.7.1.12 By end user 213

TABLE 283 UAE: HEAT PUMP WATER HEATER MARKET, BY END USER, 2019–2022 (USD MILLION) 213

TABLE 284 UAE: HEAT PUMP WATER HEATER MARKET, BY END USER, 2023–2028 (USD MILLION) 213

11.5.7.1.13 Rest of GCC 214

11.5.7.1.14 By type 214

TABLE 285 REST OF GCC: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2019–2022 (USD MILLION) 214

TABLE 286 REST OF GCC: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2023–2028 (USD MILLION) 214

11.5.7.1.15 By rated capacity 215

TABLE 287 REST OF GCC: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2019–2022 (USD MILLION) 215

TABLE 288 REST OF GCC: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2023–2028 (USD MILLION) 215

11.5.7.1.16 By refrigerant type 215

TABLE 289 REST OF GCC: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2019–2022 (USD MILLION) 215

TABLE 290 REST OF GCC: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2023–2028 (USD MILLION) 216

11.5.7.1.17 By storage tank capacity 216

TABLE 291 REST OF GCC: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2019–2022 (USD MILLION) 216

TABLE 292 REST OF GCC: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2023–2028 (USD MILLION) 216

11.5.7.1.18 By end user 217

TABLE 293 REST OF GCC: HEAT PUMP WATER HEATER MARKET, BY END USER, 2019–2022 (USD MILLION) 217

TABLE 294 REST OF GCC: HEAT PUMP WATER HEATER MARKET, BY END USER, 2023–2028 (USD MILLION) 217

11.5.7.2 South Africa 217

11.5.7.2.1 Increasing investments in different projects to drive demand 217

11.5.7.2.2 By type 218

TABLE 295 SOUTH AFRICA: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2019–2022 (USD MILLION) 218

TABLE 296 SOUTH AFRICA: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2023–2028 (USD MILLION) 218

11.5.7.2.3 By rated capacity 218

TABLE 297 SOUTH AFRICA: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2019–2022 (USD MILLION) 218

TABLE 298 SOUTH AFRICA: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2023–2028 (USD MILLION) 219

11.5.7.2.4 By refrigerant type 219

TABLE 299 SOUTH AFRICA: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2019–2022 (USD MILLION) 219

TABLE 300 SOUTH AFRICA: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2023–2028 (USD MILLION) 219

11.5.7.2.5 By storage tank capacity 220

TABLE 301 SOUTH AFRICA: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2019–2022 (USD MILLION) 220

TABLE 302 SOUTH AFRICA: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2023–2028 (USD MILLION) 220

11.5.7.2.6 By end user 220

TABLE 303 SOUTH AFRICA: HEAT PUMP WATER HEATER MARKET, BY END USER, 2019–2022 (USD MILLION) 220

TABLE 304 SOUTH AFRICA: HEAT PUMP WATER HEATER MARKET, BY END USER, 2023–2028 (USD MILLION) 221

11.5.7.3 Rest of Middle East & Africa 221

11.5.7.3.1 By type 221

TABLE 305 REST OF MIDDLE EAST & AFRICA: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2019–2022 (USD MILLION) 221

TABLE 306 REST OF MIDDLE EAST & AFRICA: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2023–2028 (USD MILLION) 222

11.5.7.3.2 By rated capacity 222

TABLE 307 REST OF MIDDLE EAST & AFRICA: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2019–2022 (USD MILLION) 222

TABLE 308 REST OF MIDDLE EAST & AFRICA: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2023–2028 (USD MILLION) 222

11.5.7.3.3 By refrigerant type 223

TABLE 309 REST OF MIDDLE EAST & AFRICA: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2019–2022 (USD MILLION) 223

TABLE 310 REST OF MIDDLE EAST & AFRICA: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2023–2028 (USD MILLION) 223

11.5.7.3.4 By storage tank capacity 223

TABLE 311 REST OF MIDDLE EAST & AFRICA: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2019–2022 (USD MILLION) 223

TABLE 312 REST OF MIDDLE EAST & AFRICA: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2023–2028 (USD MILLION) 224

11.5.7.3.5 By end user 224

TABLE 313 REST OF MIDDLE EAST & AFRICA: HEAT PUMP WATER HEATER MARKET, BY END USER, 2019–2022 (USD MILLION) 224

TABLE 314 REST OF MIDDLE EAST & AFRICA: HEAT PUMP WATER HEATER MARKET, BY END USER, 2023–2028 (USD MILLION) 224

11.6 SOUTH AMERICA 225

11.6.1 SOUTH AMERICAN HEAT PUMP WATER HEATER MARKET: RECESSION IMPACT 225

11.6.2 BY TYPE 225

TABLE 315 SOUTH AMERICA: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2019–2022 (USD MILLION) 225

TABLE 316 SOUTH AMERICA: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2023–2028 (USD MILLION) 226

11.6.3 BY RATED CAPACITY 226

TABLE 317 SOUTH AMERICA: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2019–2022 (USD MILLION) 226

TABLE 318 SOUTH AMERICA: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2023–2028 (USD MILLION) 226

11.6.4 BY REFRIGERANT TYPE 227

TABLE 319 SOUTH AMERICA: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2019–2022 (USD MILLION) 227

TABLE 320 SOUTH AMERICA: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2023–2028 (USD MILLION) 227

11.6.5 BY STORAGE TANK CAPACITY 227

TABLE 321 SOUTH AMERICA: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2019–2022 (USD MILLION) 227

TABLE 322 SOUTH AMERICA: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2023–2028 (USD MILLION) 228

11.6.6 BY END USER 228

TABLE 323 SOUTH AMERICA: HEAT PUMP WATER HEATER MARKET, BY END USER, 2019–2022 (USD MILLION) 228

TABLE 324 SOUTH AMERICA: HEAT PUMP WATER HEATER MARKET, BY END USER, 2023–2028 (USD MILLION) 228

11.6.7 BY COUNTRY 229

TABLE 325 SOUTH AMERICA: HEAT PUMP WATER HEATER MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 229

TABLE 326 SOUTH AMERICA: HEAT PUMP WATER HEATER MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 229

11.6.7.1 Brazil 229

11.6.7.1.1 Effective performance in various climatic conditions to drive demand 229

11.6.7.1.2 By type 230

TABLE 327 BRAZIL: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2019–2022 (USD MILLION) 230

TABLE 328 BRAZIL: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2023–2028 (USD MILLION) 230

11.6.7.1.3 By rated capacity 230

TABLE 329 BRAZIL: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2019–2022 (USD MILLION) 230

TABLE 330 BRAZIL: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2023–2028 (USD MILLION) 231

11.6.7.1.4 By refrigerant type 231

TABLE 331 BRAZIL: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2019–2022 (USD MILLION) 231

TABLE 332 BRAZIL: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2023–2028 (USD MILLION) 231

11.6.7.1.5 By storage tank capacity 232

TABLE 333 BRAZIL: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2019–2022 (USD MILLION) 232

TABLE 334 BRAZIL: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2023–2028 (USD MILLION) 232

11.6.7.1.6 By end user 232

TABLE 335 BRAZIL: HEAT PUMP WATER HEATER MARKET, BY END USER, 2019–2022 (USD MILLION) 232

TABLE 336 BRAZIL: HEAT PUMP WATER HEATER MARKET, BY END USER, 2023–2028 (USD MILLION) 233

11.6.7.2 Argentina 233

11.6.7.2.1 Technological advancements to drive demand 233

11.6.7.2.2 By type 233

TABLE 337 ARGENTINA: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2019–2022 (USD MILLION) 233

TABLE 338 ARGENTINA: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2023–2028 (USD MILLION) 234

11.6.7.2.3 By rated capacity 234

TABLE 339 ARGENTINA: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2019–2022 (USD MILLION) 234

TABLE 340 ARGENTINA: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2023–2028 (USD MILLION) 234

11.6.7.2.4 By refrigerant type 235

TABLE 341 ARGENTINA: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2019–2022 (USD MILLION) 235

TABLE 342 ARGENTINA: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2023–2028 (USD MILLION) 235

11.6.7.2.5 By storage tank capacity 235

TABLE 343 ARGENTINA: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2019–2022 (USD MILLION) 235

TABLE 344 ARGENTINA: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2023–2028 (USD MILLION) 236

11.6.7.2.6 By end user 236

TABLE 345 ARGENTINA: HEAT PUMP WATER HEATER MARKET, BY END USER, 2019–2022 (USD MILLION) 236

TABLE 346 ARGENTINA: HEAT PUMP WATER HEATER MARKET, BY END USER, 2023–2028 (USD MILLION) 236

11.6.7.3 Rest of South America 237

11.6.7.3.1 By type 237

TABLE 347 REST OF SOUTH AMERICA: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2019–2022 (USD MILLION) 237

TABLE 348 REST OF SOUTH AMERICA: HEAT PUMP WATER HEATER MARKET, BY TYPE, 2023–2028 (USD MILLION) 237

11.6.7.3.2 By rated capacity 238

TABLE 349 REST OF SOUTH AMERICA: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2019–2022 (USD MILLION) 238

TABLE 350 REST OF SOUTH AMERICA: HEAT PUMP WATER HEATER MARKET, BY RATED CAPACITY, 2023–2028 (USD MILLION) 238

11.6.7.3.3 By refrigerant type 238

TABLE 351 REST OF SOUTH AMERICA: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2019–2022 (USD MILLION) 238

TABLE 352 REST OF SOUTH AMERICA: HEAT PUMP WATER HEATER MARKET, BY REFRIGERANT TYPE, 2023–2028 (USD MILLION) 239

11.6.7.3.4 By storage tank capacity 239

TABLE 353 REST OF SOUTH AMERICA: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2019–2022 (USD MILLION) 239

TABLE 354 REST OF SOUTH AMERICA: HEAT PUMP WATER HEATER MARKET, BY STORAGE TANK CAPACITY, 2023–2028 (USD MILLION) 239

11.6.7.3.5 By end user 240

TABLE 355 REST OF SOUTH AMERICA: HEAT PUMP WATER HEATER MARKET, BY END USER, 2019–2022 (USD MILLION) 240

TABLE 356 REST OF SOUTH AMERICA: HEAT PUMP WATER HEATER MARKET, BY END USER, 2023–2028 (USD MILLION) 240

12 COMPETITIVE LANDSCAPE 241

12.1 OVERVIEW 241

12.2 STRATEGIES ADOPTED BY KEY PLAYERS, 2019–2023 241

TABLE 357 HEAT PUMP WATER HEATER MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2019–2023 241

12.3 MARKET SHARE ANALYSIS, 2022 242

TABLE 358 HEAT PUMP WATER HEATER MARKET: DEGREE OF COMPETITION 242

FIGURE 44 MARKET SHARE ANALYSIS OF TOP PLAYERS, 2022 243

12.4 MARKET EVALUATION FRAMEWORK, 2019–2023 243

TABLE 359 MARKET EVALUATION FRAMEWORK, 2019–2023 243

12.5 REVENUE ANALYSIS, 2018–2022 245

FIGURE 45 HEAT PUMP WATER HEATER MARKET: SEGMENTAL REVENUE ANALYSIS, 2018–2022 245

12.6 COMPETITIVE SCENARIOS AND TRENDS 245

12.6.1 DEALS 245

TABLE 360 HEAT PUMP WATER HEATER MARKET: DEALS, 2019–2023 246

12.6.2 OTHERS 247

TABLE 361 HEAT PUMP WATER HEATER MARKET: OTHERS, 2019–2023 247

12.7 COMPANY EVALUATION MATRIX (KEY PLAYERS), 2022 247

12.7.1 STARS 248

12.7.2 EMERGING LEADERS 248

12.7.3 PERVASIVE PLAYERS 248

12.7.4 PARTICIPANTS 248

FIGURE 46 HEAT PUMP WATER HEATER MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2022 249

12.7.5 COMPANY FOOTPRINT (KEY PLAYERS) 250

TABLE 362 TYPE: COMPANY FOOTPRINT 250

TABLE 363 STORAGE TANK CAPACITY: COMPANY FOOTPRINT 250

TABLE 364 RATED CAPACITY: COMPANY FOOTPRINT 251

TABLE 365 REFRIGERANT TYPE: COMPANY FOOTPRINT 252

TABLE 366 END USER: COMPANY FOOTPRINT 252

TABLE 367 REGION: COMPANY FOOTPRINT 253

TABLE 368 COMPANY OVERALL FOOTPRINT 254

12.8 COMPANY EVALUATION MATRIX (OTHER PLAYERS), 2022 255

12.8.1 STARS 255

12.8.2 EMERGING LEADERS 255

12.8.3 PERVASIVE PLAYERS 255

12.8.4 PARTICIPANTS 255

FIGURE 47 HEAT PUMP WATER HEATER MARKET: COMPANY EVALUATION MATRIX (OTHER PLAYERS), 2022 256

12.8.5 COMPANY FOOTPRINT (OTHER PLAYERS) 257

TABLE 369 TYPE: COMPANY FOOTPRINT (OTHER PLAYERS) 257

TABLE 370 STORAGE TANK CAPACITY: COMPANY FOOTPRINT (OTHER PLAYERS) 257

TABLE 371 RATED CAPACITY: COMPANY FOOTPRINT (OTHER PLAYERS) 258

TABLE 372 REFRIGERANT TYPE: COMPANY FOOTPRINT (OTHER PLAYERS) 258

TABLE 373 END USER: COMPANY FOOTPRINT (OTHER PLAYERS) 259

TABLE 374 REGION: COMPANY FOOTPRINT (OTHER PLAYERS) 259

TABLE 375 COMPANY OVERALL FOOTPRINT (OTHER PLAYERS) 260

13 COMPANY PROFILES 261

13.1 KEY PLAYERS 261

(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*

13.1.1 PANASONIC CORPORATION 261

TABLE 376 PANASONIC CORPORATION: COMPANY OVERVIEW 261

FIGURE 48 PANASONIC CORPORATION: COMPANY SNAPSHOT 262

TABLE 377 PANASONIC CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED 262

TABLE 378 PANASONIC CORPORATION: PRODUCT LAUNCHES 263

TABLE 379 PANASONIC CORPORATION: DEALS 263

TABLE 380 PANASONIC CORPORATION: OTHERS 263

13.1.2 LG ELECTRONICS 265

TABLE 381 LG ELECTRONICS: COMPANY OVERVIEW 265

FIGURE 49 LG ELECTRONICS: COMPANY SNAPSHOT 266

TABLE 382 LG ELECTRONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 266

13.1.3 JOHNSON CONTROLS-HITACHI AIR CONDITIONING 268

TABLE 383 JOHNSON CONTROLS-HITACHI AIR CONDITIONING: COMPANY OVERVIEW 268

FIGURE 50 JOHNSON CONTROLS-HITACHI AIR CONDITIONING: COMPANY SNAPSHOT 269

TABLE 384 JOHNSON CONTROLS-HITACHI AIR CONDITIONING: PRODUCTS/SOLUTIONS/SERVICES OFFERED 269

TABLE 385 JOHNSON CONTROLS-HITACHI AIR CONDITIONING: PRODUCT LAUNCHES 270

TABLE 386 JOHNSON CONTROLS-HITACHI AIR CONDITIONING: DEALS 270

13.1.4 MITSUBISHI ELECTRIC CORPORATION 272

TABLE 387 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW 272

FIGURE 51 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT 273

TABLE 388 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 273

TABLE 389 MITSUBISHI ELECTRIC CORPORATION: DEALS 274

 

13.1.5 TRANE TECHNOLOGIES PLC 275

TABLE 390 TRANE TECHNOLOGIES PLC: COMPANY OVERVIEW 275

FIGURE 52 TRANE TECHNOLOGIES PLC: COMPANY SNAPSHOT 276

TABLE 391 TRANE TECHNOLOGIES PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 276

13.1.6 FUJITSU GENERAL 278

TABLE 392 FUJITSU GENERAL: COMPANY OVERVIEW 278

FIGURE 53 FUJITSU GENERAL: COMPANY SNAPSHOT 279

TABLE 393 FUJITSU GENERAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 279

TABLE 394 FUJITSU GENERAL: DEALS 280

TABLE 395 FUJITSU GENERAL: OTHERS 280

13.1.7 HAIER INC. 281

TABLE 396 HAIER INC.: COMPANY OVERVIEW 281

FIGURE 54 HAIER INC.: COMPANY SNAPSHOT 282

TABLE 397 HAIER INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 282

13.1.8 CARRIER 283

TABLE 398 CARRIER: COMPANY OVERVIEW 283

FIGURE 55 CARRIER: COMPANY SNAPSHOT 284

TABLE 399 CARRIER: PRODUCTS/SOLUTIONS/SERVICES OFFERED 284

TABLE 400 CARRIER: PRODUCT LAUNCHES 285

13.1.9 RHEEM MANUFACTURING COMPANY 286

TABLE 401 RHEEM MANUFACTURING COMPANY: COMPANY OVERVIEW 286

TABLE 402 RHEEM MANUFACTURING COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 286

TABLE 403 RHEEM MANUFACTURING COMPANY: DEALS 287

13.1.10 A.O. SMITH 288

TABLE 404 A.O. SMITH: COMPANY OVERVIEW 288

FIGURE 56 A.O. SMITH: COMPANY SNAPSHOT 289

TABLE 405 A.O. SMITH: PRODUCTS/SERVICES/SOLUTIONS OFFERED 289

TABLE 406 A.O. SMITH: PRODUCT LAUNCHES 289

13.1.11 BOSCH THERMOTECHNOLOGY CORP. 290

TABLE 407 BOSCH THERMOTECHNOLOGY CORP.: COMPANY OVERVIEW 290

TABLE 408 BOSCH THERMOTECHNOLOGY CORP.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 290

TABLE 409 BOSCH THERMOTECHNOLOGY CORP.: PRODUCT LAUNCHES 290

13.1.12 VAILLANT GROUP 291

13.1.12.1 Business overview 291

TABLE 410 VAILLANT GROUP: COMPANY OVERVIEW 291

13.1.12.2 Products/Services/Solutions offered 291

TABLE 411 VAILLANT GROUP: PRODUCTS/SERVICES/SOLUTIONS OFFERED 291

13.1.12.3 Recent developments 292

13.1.12.3.1 Product launches 292

TABLE 412 VAILLANT GROUP: PRODUCT LAUNCHES 292

13.1.13 MIDEA 293

TABLE 413 MIDEA: COMPANY OVERVIEW 293

FIGURE 57 MIDEA: COMPANY SNAPSHOT 294

TABLE 414 MIDEA: PRODUCTS/SERVICES/SOLUTIONS OFFERED 294

13.1.14 DAIKIN INDUSTRIES, LTD. 295

TABLE 415 DAIKIN INDUSTRIES, LTD.: COMPANY OVERVIEW 295

FIGURE 58 DAIKIN INDUSTRIES, LTD.: COMPANY SNAPSHOT 296

TABLE 416 DAIKIN INDUSTRIES, LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 296

TABLE 417 DAIKIN INDUSTRIES, LTD.: PRODUCT LAUNCHES 297

TABLE 418 DAIKIN INDUSTRIES, LTD.: OTHERS 297

13.1.15 VIESSMANN GROUP 298

TABLE 419 VIESSMANN GROUP: COMPANY OVERVIEW 298

TABLE 420 VIESSMANN GROUP: PRODUCTS/SERVICES/SOLUTIONS OFFERED 298

TABLE 421 VIESSMANN GROUP: PRODUCT LAUNCHES 299

*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.

13.2 OTHER PLAYERS 300

13.2.1 STIEBEL ELTRON GMBH & CO. KG (DE) 300

TABLE 422 STIEBEL ELTRON GMBH & CO. KG (DE): COMPANY OVERVIEW 300

13.2.2 GLEN DIMPLEX GROUP 301

TABLE 423 GLEN DIMPLEX GROUP: COMPANY OVERVIEW 301

13.2.3 NIBE ENERGY SYSTEMS 302

TABLE 424 NIBE ENERGY SYSTEMS: COMPANY OVERVIEW 302

13.2.4 GREE ELECTRIC APPLIANCES, INC. OF ZHUHAI 303

TABLE 425 GREE ELECTRIC APPLIANCES, INC. OF ZHUHAI: COMPANY OVERVIEW 303

13.2.5 EMERSON ELECTRIC CO. 303

TABLE 426 EMERSON ELECTRIC CO.: COMPANY OVERVIEW 303

13.2.6 GUANGZHOU CANOVA HEATING & REFRIGERATION EQUIPMENT CO., LTD. 304

TABLE 427 GUANGZHOU CANOVA HEATING & REFRIGERATION EQUIPMENT CO., LTD.: COMPANY OVERVIEW 304

13.2.7 ARISTON HOLDING N.V. 304

TABLE 428 ARISTON HOLDING N.V.: COMPANY OVERVIEW 304

13.2.8 EVO ENERGY TECHNOLOGIES 305

TABLE 429 EVO ENERGY TECHNOLOGIES: COMPANY OVERVIEW 305

13.2.9 NAMMA SWADESHI 305

TABLE 430 NAMMA SWADESHI: COMPANY OVERVIEW 305

13.2.10 ECO TECH SOLUTIONS 306

TABLE 431 ECO TECH SOLUTIONS: COMPANY OVERVIEW 306

14 APPENDIX 307

14.1 INSIGHTS FROM INDUSTRY EXPERTS 307

14.2 DISCUSSION GUIDE 308

14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 313

14.4 CUSTOMIZATION OPTIONS 315

14.5 RELATED REPORTS 315

14.6 AUTHOR DETAILS 316