Heat Pump Water Heater Market Segmentation, Application, Technology & Market Analysis over Distributed Regions – Forecast to 2021

Market research analysts at publisher predict that the global heat pump water heater market will grow steadily at a CAGR of more than 11% by 2021. 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 a sink. These heat pumps have gained widespread adoption and acceptance owing to their environmental and cost saving benefits. Moreover, initiatives from the governments of various countries are also adding to the growing demand for geothermal heat pumps. Additionally, the rising focus on the use of renewable energy to check climate change and environmental degradation will also strengthen the demand for geothermal heat pumps in the forthcoming years. According to this market research study, this rising demand for geothermal heat pumps will be one of the primary growth factors for this market.

In terms of geographic regions, EMEA will be the major revenue contributor to the heat pump water heater market throughout the forecast period. The rise in construction activities and the focus of governments in this region towards increasing the energy efficiency and reducing carbon emissions, will drive the growth of the market in this region. Additionally, the need to replace traditional systems with advanced and sustainable systems and the advancements in sensors and touchscreen interfaces that will improve the functionality of heat pumps, will also boost the growth of the market in EMEA.

The market is divided into the following segments based on geography:

-Americas

-APAC

-EMEA

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Competitive landscape and key vendors

The heat pump water heater market is characterized by the presence of several well-diversified international, regional, and local vendors and is highly-fragmented. The regional and local vendors provide customized products at comparative prices and pose a stiff competition to the international players. However, they find it increasingly difficult to compete with the global vendors in terms of quality, features, and services. The level of competition among the market players will intensify in the coming years due to the increase in product extensions and technological innovations. The international players will also acquire regional or local players and grow inorganically during the forecast period.

The leading vendors in the market are -

A.O.Smith

Daikin Industries

Danfoss

NIBE

The 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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Table of Contents

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market Research Methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Five forces analysis

PART 07: Market segmentation

PART 08: Decision framework

PART 09: Drivers and challenges

PART 10: Market trends

Complete Report is Available at: http://www.reportsweb.com/global-heat-pump-water-heater-market-2017-2021

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