China Heat Pump Water Heater Market Size & Outlook
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China heat pump water heater market highlights
- The China heat pump water heater market generated a revenue of USD 3,666.2 million in 2025 and is expected to reach USD 9,647.5 million by 2033.
- The China market is expected to grow at a CAGR of 11.9% from 2026 to 2033.
- In terms of segment, air to water was the largest revenue generating technology in 2025.
- Air to Water is the most lucrative technology segment registering the fastest growth during the forecast period.
Heat pump water heater market data book summary
| Market revenue in 2025 | USD 3,666.2 million |
| Market revenue in 2033 | USD 9,647.5 million |
| Growth rate | 11.9% (CAGR from 2026 to 2033) |
| Largest segment | Air to water |
| Fastest growing segment | Air to Water |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Air to Water, Water Source, Geothermal |
| Key market players worldwide | Ecotech Solutions, Ariston Group, Arctic Heat Technologies Inc., Daikin Industries Ltd, Trane Technologies PLC Class A, Rheem Manufacturing, Bosch, A. O. Smith, Midea Group, Nihon Itomic, Mitsubishi Heavy Industries Ltd, LG Electronics Inc ADR, NIBE Industrier AB ADR |
Other key industry trends
- In terms of revenue, China accounted for 26.7% of the global heat pump water heater market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China heat pump water heater market is projected to lead the regional market in terms of revenue in 2033.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 61.7 million by 2033.
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Heat Pump Water Heater Market Scope
Heat Pump Water Heater Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Nihon Itomic | View profile | 51-100 | Sumida, Tokyo, Japan, Asia | https://www.itomic.co.jp/category/ecocute/ecocute_mid35/ |
| A. O. Smith | View profile | 10001+ | Milwaukee, Wisconsin, United States, North America | http://www.aosmith.com |
| Arctic Heat Technologies Inc. | View profile | 1-10 | Anchorage, Alaska, United States, North America | https://arcticheattech.com/ |
| Ecotech Solutions | View profile | 1-10 | Kolkata, West Bengal, India, Asia | https://www.ecotechs.in |
| Midea Group | View profile | 10001+ | Beijiao, Guangdong, China, Asia | https://midea-group.com |
| Ariston Group | View profile | 10001+ | Milan, Lombardia, Italy, Europe | http://www.aristonthermo.com/ |
| Rheem Manufacturing | View profile | 5001-10000 | Atlanta, Georgia, United States, North America | http://www.rheem.com |
| Trane Technologies PLC Class A | View profile | 40000 | 170/175 Lakeview Drive, Airside Business Park, Swords County, Dublin, Ireland | https://www.tranetechnologies.com |
| NIBE Industrier AB ADR | View profile | 22500 | Hannabadsvagen 5, Box 14, Markaryd, Sweden, SE- 285 21 | https://www.nibe.com |
| Bosch | View profile | 10001+ | Stuttgart, Baden-Wurttemberg, Germany, Europe | http://www.bosch.com |
| Daikin Industries Ltd | View profile | 107127 | Umeda Center Building, 2-4-12, Nakazaki-Nishi, Kita-ku, Osaka, Japan, 530-8323 | http://www.daikin.com |
| LG Electronics Inc ADR | View profile | 35111 | Twin Tower 128, Yeoui-daero, Yeongdeungpo-gu, Seoul, Korea, Republic of, 07336 | https://www.lge.co.kr |
| Mitsubishi Heavy Industries Ltd | View profile | 86331 | 2-3 Marunouchi 3-chome, Chiyoda-ku, Tokyo, Japan, 100-8332 | https://www.mhi.com |
China heat pump water heater market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to heat pump water heater market will help companies and investors design strategic landscapes.
Air to water was the largest segment with a revenue share of 76.53% in 2025. Horizon Databook has segmented the China heat pump water heater market based on air to water, water source, geothermal covering the revenue growth of each sub-segment from 2021 to 2033.
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Our clientele includes a mix of heat pump water heater market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the China heat pump water heater market , including forecasts for subscribers. This country databook contains high-level insights into China heat pump water heater market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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China heat pump water heater market size, by technology, 2021-2033 (US$M)
China Heat Pump Water Heater Market Outlook Share, 2025 & 2033 (US$M)
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