Boston, MA -- (SBWIRE) -- 07/05/2017 -- Heat pump water heaters generally use electricity to move heat from one place to another instead of generating heat directly, which helps in reducing energy consumption by three times compared with conventional electric resistance water heaters. To move the heat from one place to other, the heat pump water heaters work like a refrigerator but in reverse, as the heat pump water heaters pull the heat from the surrounding air and keep it at a higher temperature in a tank to heat water.

Technavio's analysts forecast the global heat pump water heater market to grow at a CAGR of 11.20% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global heat pump water heater market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

Get More Details on this Report and a Full Table of Contents at Global Heat Pump Water Heater Market 2017-2021

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

-Americas
-APAC
-EMEA

Technavio's report, Global Heat Pump Water Heater Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-A.O. Smith
-Daikin Industries
-Danfoss
-NIBE

Other prominent vendors

-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
-Zhongrui

Market driver

-Growing demand for geothermal heat pumps
-For a full, detailed list, view our report

Market challenge

-Challenging market conditions
-For a full, detailed list, view our report

Market trend

-Tax credits in the US for retrofitting
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2021 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: A.O. Smith, Daikin Industries, Danfoss, NIBE, 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, Zhongrui

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