Market Analyst recognizes the following companies as the Key Players in the — Global Heat Pump Water Heater Market: A.O. Smith, Daikin Industries, Danfoss, and NIBE
Other Prominent Vendors in the market are: alpha innotec, GE Appliances, Gree, Hangzhou Jinjiang Solar, Hayward Industries, Johnson Controls - Hitachi Air Conditioning, Zodiac Pool Solutions (Jandy), Midea, MTechnologysubishi Electric, New Energy, Panasonic, Pentair, STIEBEL ELTRON, Technologyomic, Thermia, Tongyi, Toshiba, Viessmann, and Zhongrui.
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Commenting on the report, an analyst said: “One trend in the market is tax credits in the US for retrofitting. The Environment Protection Agency (EPA) in the US launched the Energy Star program in 1992, which identifies and promotes energy efficiency in products, homes, and buildings nationwide. Energy Star offers tax credits on the purchase or retrofitting of air-source heat pumps.”
According to the report, one driver in the market is growing demand for geothermal heat pumps. GSHPs, which are also called geothermal heat pumps, are central heating/cooling systems that either transfer heat from or to the ground.
Depending on the application, these systems make use of the earth as the heat source or sink. Although geothermal heat pumps have been in existence since the 1940s, they have gained widespread adoption and acceptance only recently owing to their environmental benefits.
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Further, the report states that one challenge in the market is challenging market conditions. The heat pump market is highly competitive in nature, wherein the product uses a wide variety of alternative technologies to perform the same functions. Heating technologies such as electric and gas water heaters cost significantly less when compared with heat pumps, and they are easier to install, making them a preferred choice in heating technologies. These have resulted in challenging market conditions for heat pump vendors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Major Points Covered in Report are:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by type
PART 07: Market segmentation by end-user
PART 08: Geographical segmentation
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
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List of Exhibits:
Exhibit 01: Working of a heat pump
Exhibit 02: Workflow of a heat pump water heater
Exhibit 03: Global heat pump water heater market by product type 2016-2021
Exhibit 04: Global heat pump water heater market by end-user 2016-2021
Exhibit 05: Global heat pump water heater market by geography 2016-2021
Exhibit 06: Global heat pump water heater market segmentation
Exhibit 07: Global GDP ($ trillions) and global electricity consumption 1990-2014 (TWh)
Exhibit 08: Global heat pump water heater market 2016-2021 ($ billions)
Exhibit 09: Five forces analysis
Exhibit 10: Global heat pump water heater market segmentation by product type 2016 and 2021(%)
Exhibit 11: Global heat pump water heater market by air-to-water heat pumps 2016-2021 ($ billions)
Exhibit 12: Shares of different types of air-to-water heat pumps 2015 and 2020 (%)
Exhibit 13: Global heat pump water heater market by GSHPs 2016-2021 ($ billions)
Exhibit 14: Types of geothermal heat pump systems
Exhibit 15: Global heat pump water heater market segmentation by end-user 2016 and 2021(%)
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