Latest News- Residential Air To Water Heat Pump Market: Domestic hot water is expected to lead the Type segment during 2025-2029

The Residential Air To Water Heat Pump Market is being driven by Rising demand for energy efficiency

The Residential Air To Water Heat Pump Market is expected to grow at a CAGR of 6.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 9495.9 million. The global residential air to water heat pump market is experiencing significant growth, driven by the introduction of technologically advanced products and the increasing demand for energy efficiency and sustainability. Daikin, a leading manufacturer, recently unveiled the EWYE-CZ air to water inverter heat pump on November 20, 2024. This innovative system, designed specifically for residential applications, prioritizes high efficiency, minimal carbon emissions, and superior performance. The EWYE-CZ incorporates Daikin's Inverter Scroll compressor technology and utilizes the low-GWP R-454C refrigerant. Capable of producing hot water up to 70 degrees Celsius, this heat pump is an optimal replacement for traditional boilers. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Domestic hot water
  • Room heat pump
• Distribution Channel
  • Offline
  • Online
• Geography
  • APAC
    • China
    • Japan
    • South Korea
  • North America
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Sweden
    • Norway
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising demand for energy efficiency
• Urbanization and rising disposable incomes
• Government incentives and subsidies

However, the market also witnesses some limitations, which are as follows:

• Competition from alternative heating systems
• Concerns for vendors over product recall
• Climate limitations

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Market Scope in Residential Air To Water Heat Pump Market Research Report

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Research Analysis Overview

The Residential Air-to-Water Heat Pump market encompasses devices that function as bathroom water heaters and geysers, utilizing heat pumps for both heating and cooling. EnergyPlus, an HVAC system simulation software, estimates their Coefficient of Performance, which depends on Outside Air Temperature and Supply Water Temperature. Energy Management Systems ensure energy efficiency. Radiant Panel Heating and radiators are options for distribution. Samples include Outdoor and Indoor Units, using Glycol Mixture in closed-loop systems and Refrigerant Copper Lines. Renewable heating, quiet operation, and environmental concerns drive market growth.

Market Research Overview

The Residential Air-to-Water Heat Pump market is a significant segment within the larger industrial machinery and supplies and components industry. This market encompasses businesses specializing in the manufacture and distribution of heat pumps for residential applications, including device models used as bathroom water heaters or geysers. The market's size is determined by the combined revenue generated from these sales. Key growth drivers for the global industrial machinery, supplies, and components market include the increasing industrial output in process and discrete industries, leading to capacity expansions in sectors such as energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages in developing countries. The energy-efficient cooling function of heat pumps further adds to the market's potential growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/