Global Pool Heat Pump Market Outlook Report 2020-2025 Featuring Prominent Players - Rheem Manufacturing Co, AquaCal, Pentair, Hayward Industries, Fluidra S.A.

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Nov 18, 2020, 07:45 ET

DUBLIN, Nov. 18, 2020 /PRNewswire/ -- The "Pool Heat Pump Market - Global Outlook and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Pool Heat Pump Market Report

The pool heat pump market by revenue is expected to grow at a CAGR of over 5% during the period 2019-2025.

The industry is expected to offer opportunities as the shipment is likely to surpass two million units by 2025. The US, China, Australia, France, and Italy have been the major revenue contributors though the penetration level has remained low historically. With potential threats from solar and gas boiler heating, the competitive pool heating market is expected to be more strategic oriented with opportunities to increase global footprint.

It is estimated that over 85% of the revenue is expected to come from North America and Europe during the forecast period owing to the high acceptance level and vendor concentration. Swimming pools have become a major investment site for residential and commercial spaces. While they enhance the popularity and value of outdoor spaces, they also serve as the differentiator for leading resorts, hotels, and water parks.

Global Pool Heat Pump Market Segmentation

The global pool heat pump market research report includes a detailed segmentation by type, capacity, end-user, geography. The air source segment is estimated to grow at a CAGR of over 5% during 2019-2025. The growth is expected to be vital from India, Malaysia, Thailand, and Singapore, with China leading the market. With the highest number of outdoor pools, North American contributed the highest share in the segment in terms of unit shipment. Factors such as affordability, low maintenance, and less complexity in the installation are driving the segment.

The >20kW segment is expected to pose an absolute growth of 40% during the forecast period. Increased focus on booming commercial construction activities such as hotels, spas, and resorts can upscale market value in China, the US, and GCC countries. Pool heat pumps could be given preference in extreme weather conditions such as European markets where load requirements for pools are generally higher than others.

The residential segment is expected to pose an absolute growth of 39% by the end of 2025. As government bodies and associations are increasing the adoption of these pumps via rebates, financial incentives, the growth is expected to be certain during the next five years. The growth in sustainable housing construction projects is acting as an effective driver for pool heat pumps. North America is expected to generate an incremental growth of $590 million during the forecast period.

INSIGHTS BY GEOGRAPHY

In terms of revenue, North America accounted for over 47% market share in the pool heat pump market in 2019. The market is expected to witness traction and high demand post-2020, as economic and pool construction activities are expected to revive. While air-source heat pumps have the largest penetration and acceptance level in the US, vendors' efforts could make consumers' invest in ground-breaking geothermal heat pumps in the coming years.

Similarly, the residential heat pumps with a capacity of &lessThan; 10kW can be targeted in Canadian households where the efforts are maximized for renovation activities and indoor pool maintenance. The replacement demand in the country, where the conventional heating appliances are to be replaced with energy efficient heat pumps, can be a valuable contribution market during the forecast period.

INSIGHTS BY VENDORS

The global pool heat pump market is fragmented as it is characterized by a significant number of global and domestic vendors across geographies. Global players such as Rheem Manufacturing, Hayward, AquaCal, Pentair, Jandy are trying to expand their markets through profitable partnerships and merger strategies. In contrast, the domestic vendors capitalize on the product portfolio that best suits the domestic needs and wants.

However, being a technology-oriented product, the scope of differentiation lies with sophistication and deployment of advanced features such as energy efficiency, eco-friendly refrigerant, installation costs, analysis of geographical climate and services, and much more through which the product can stay away from the competitive environment.

Market Dynamics

Impact Of COVID-19

Market Opportunities & Trends

Preference For Smart Pool Heat Pumps
Boom In Spa Industry

Market Growth Enablers

Need For Energy Efficiency And Sustainability
Favorable Government Policies And Incentives
Growth In Swimming Pool Construction

Market Restraints

High Installation And Upfront Costs
Low Awareness In Growing Economies

Prominent Vendors

Rheem Manufacturing Company
AquaCal
Pentair
Hayward Industries Inc.
Fluidra S.A.

Other Prominent Vendors

Aqualux International
CIAT
Daishiba
Nirvana Chauffe-piscine Inc
Viessmann Group
ZANTIA
PHNIX Eco-energy Solution Ltd.
Ascler
Venus Home Appliances
Dantherm Ltd.
Evo Industries Australia
Guangzhou Sprsun New Energy Technology Development Co.
Madimack
AquaPro Systems
GulfStream Manufacturing
Thermeau Industries Inc.

For more information about this report visit https://www.researchandmarkets.com/r/buci96

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