Market Overview:
The global CO2 heat pump water heater market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient and environment-friendly solutions across the globe. In addition, the growing awareness about the benefits of using CO2 heat pump water heaters is also contributing to the growth of this market. The global CO2 heat pump water heater market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into air source, water source, and other types.
Product Definition:
A CO2 Heat Pump Water Heater is a device that uses carbon dioxide to heat water. The importance of a CO2 Heat Pump Water Heater is that it can provide hot water more efficiently than traditional water heaters.
Air Source:
Air source is a heat transfer process in which the heat required for the desired temperature range of a water heater is obtained from outside air. It has become one of the most popular and effective ways to provide heating for residential or commercial applications. The concept behind an air source water heater (ASWH) was first patented by American engineer, Charles F.
Water Source:
Water source is the water that is going to be used in the heat pump. It can be surface water, groundwater or even well water. The most important factor to select a good source of water for a heat pump is that it should have low iron and dissolved solids content because these materials will absorb energy from the refrigerant and increase its cost by increasing its weight which reduces its efficiency in heating process.
Application Insights:
The residential application segment accounted for the largest share of over 50.0% in 2017 and is projected to witness significant growth during the forecast period. The rising need for heating and cooling in urban areas has led to an increased demand for heat pumps, which are extensively used as a source of hot water in homes.
The commercial application segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing to growing demand from healthcare, office buildings and data centers among others.
Regional Analysis:
North America dominated the global market in 2017 owing to increasing demand for energy-efficient products. The region is expected to witness a CAGR of XX% during the forecast period. Increasing awareness regarding carbon dioxide heat pumps and their rising adoption is anticipated to drive the regional market growth over the forecast period.
The Asia Pacific regional market accounted for more than 20% of total revenue share in 2017, owing to rapid urbanization and growing population across countries such as China, India, Indonesia, Malaysia Philippines Thailand Vietnam among others are expected drive product demand from residential as well as commercial sectors which would subsequently propel growth over next eight years.
Growth Factors:
- Increasing demand for energy-efficient appliances: The global CO2 Heat Pump Water Heater market is expected to grow at a CAGR of over 7% during the forecast period. This can be attributed to the increasing demand for energy-efficient appliances, as they help in reducing electricity bills and greenhouse gas emissions.
- Rising awareness about environment-friendly products: There is a growing awareness among consumers about environment-friendly products and their benefits. This is driving the demand for CO2 Heat Pump Water Heaters, as they are one of the most efficient ways to heat water without emitting harmful gases into the atmosphere.
- Technological advancements: The development of new technologies has helped in improving the efficiency of CO2 Heat Pump Water Heaters, thus driving their growth in recent years. For instance, inverter technology helps in regulating power consumption according to heating requirements, which leads to significant savings on electricity bills compared with traditional water heaters.
Scope Of The Report
Report Attributes
Report Details
Report Title
CO2 Heat Pump Water Heater Market Research Report
By Type
Air Source, Water Source, Other
By Application
Residential, Industrial, Commercial
By Companies
DENSO, Sanden, Mitsubishi, Nihon Itomic, Daikin, AAON, DunAn Group, Sujing Group, enEX
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global CO2 Heat Pump Water Heater Market Report Segments:
The global CO2 Heat Pump Water Heater market is segmented on the basis of:
Types
Air Source, Water Source, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Industrial, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DENSO
- Sanden
- Mitsubishi
- Nihon Itomic
- Daikin
- AAON
- DunAn Group
- Sujing Group
- enEX
Highlights of The CO2 Heat Pump Water Heater Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Air Source
- Water Source
- Other
- By Application:
- Residential
- Industrial
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the CO2 Heat Pump Water Heater Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A CO2 heat pump water heater is a type of energy-efficient water heating system that uses the thermal energy from carbon dioxide (CO2) to heat water. This system is often more efficient and less expensive than traditional electric or gas-fired water heaters.
Some of the major companies in the co2 heat pump water heater market are DENSO, Sanden, Mitsubishi, Nihon Itomic, Daikin, AAON, DunAn Group, Sujing Group, enEX.
The co2 heat pump water heater market is expected to grow at a compound annual growth rate of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. CO2 Heat Pump Water Heater Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. CO2 Heat Pump Water Heater Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. CO2 Heat Pump Water Heater Market - Supply Chain
4.5. Global CO2 Heat Pump Water Heater Market Forecast
4.5.1. CO2 Heat Pump Water Heater Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. CO2 Heat Pump Water Heater Market Size (000 Units) and Y-o-Y Growth
4.5.3. CO2 Heat Pump Water Heater Market Absolute $ Opportunity
5. Global CO2 Heat Pump Water Heater Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. CO2 Heat Pump Water Heater Market Size and Volume Forecast by Type
5.3.1. Air Source
5.3.2. Water Source
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global CO2 Heat Pump Water Heater Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. CO2 Heat Pump Water Heater Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Industrial
6.3.3. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global CO2 Heat Pump Water Heater Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. CO2 Heat Pump Water Heater Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global CO2 Heat Pump Water Heater Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. CO2 Heat Pump Water Heater Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global CO2 Heat Pump Water Heater Demand Share Forecast, 2019-2026
9. North America CO2 Heat Pump Water Heater Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America CO2 Heat Pump Water Heater Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America CO2 Heat Pump Water Heater Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Industrial
9.4.3. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America CO2 Heat Pump Water Heater Market Size and Volume Forecast by Type
9.7.1. Air Source
9.7.2. Water Source
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America CO2 Heat Pump Water Heater Demand Share Forecast, 2019-2026
10. Latin America CO2 Heat Pump Water Heater Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America CO2 Heat Pump Water Heater Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America CO2 Heat Pump Water Heater Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Industrial
10.4.3. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America CO2 Heat Pump Water Heater Market Size and Volume Forecast by Type
10.7.1. Air Source
10.7.2. Water Source
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America CO2 Heat Pump Water Heater Demand Share Forecast, 2019-2026
11. Europe CO2 Heat Pump Water Heater Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe CO2 Heat Pump Water Heater Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe CO2 Heat Pump Water Heater Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Industrial
11.4.3. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe CO2 Heat Pump Water Heater Market Size and Volume Forecast by Type
11.7.1. Air Source
11.7.2. Water Source
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe CO2 Heat Pump Water Heater Demand Share, 2019-2026
12. Asia Pacific CO2 Heat Pump Water Heater Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific CO2 Heat Pump Water Heater Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific CO2 Heat Pump Water Heater Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Industrial
12.4.3. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific CO2 Heat Pump Water Heater Market Size and Volume Forecast by Type
12.7.1. Air Source
12.7.2. Water Source
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific CO2 Heat Pump Water Heater Demand Share, 2019-2026
13. Middle East & Africa CO2 Heat Pump Water Heater Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa CO2 Heat Pump Water Heater Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa CO2 Heat Pump Water Heater Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Industrial
13.4.3. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa CO2 Heat Pump Water Heater Market Size and Volume Forecast by Type
13.7.1. Air Source
13.7.2. Water Source
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa CO2 Heat Pump Water Heater Demand Share, 2019-2026
14. Competition Landscape
14.1. Global CO2 Heat Pump Water Heater Market: Market Share Analysis
14.2. CO2 Heat Pump Water Heater Distributors and Customers
14.3. CO2 Heat Pump Water Heater Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. DENSO
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Sanden
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Mitsubishi
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nihon Itomic
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Daikin
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. AAON
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. DunAn Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Sujing Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. enEX
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
