Who are the key players in North America Heat Pump Water Heater Market industry?

The top five players in the North America Heat Pump Water Heater Market are Rheem Manufacturing, A.O. Smith Corporation, Bradford White Corporation, GE Appliances (a Haier company), and Stiebel Eltron. These companies lead the industry by offering innovative and energy-efficient heat pump water heaters with strong distribution and service networks.

What is the North America Heat Pump Water Heater Market growth?

The North America Heat Pump Water Heater Market has been showing robust growth, driven by rising energy efficiency regulations and government incentives. For example, Rheem saw increased demand due to ENERGY STAR® certified product expansions in 2023, contributing to overall market growth at an expected CAGR of over 8% from 2023 to 2030.

Which segment accounted for the largest North America Heat Pump Water Heater Market share?

The residential segment accounted for the largest share of the North America Heat Pump Water Heater Market. Greater awareness around energy savings, government rebates, and increasing adoption of eco-friendly solutions in households are key factors. Residential users prefer heat pumps for water heating due to cost-effectiveness and environmental benefits.

What are the factors driving the North America Heat Pump Water Heater Market?

Key factors driving market growth include heightened energy efficiency mandates, rising consumer awareness, and incentives such as federal tax credits. For instance, A.O. Smith has seen increased sales following the implementation of U.S. Department of Energy standards, highlighting the impact of regulations and sustainability goals on adoption.

Which type accounted for the largest North America Heat Pump Water Heater Market share?

Air source heat pump water heaters hold the largest market share in North America due to their higher efficiency, ease of installation, and cost advantages compared to ground and water source types. These systems are widely adopted in both new and retrofit residential applications across the U.S. and Canada.

North America Heat Pump Water Heater Market Manufacturing Plant Project Report - Pre-Feasibility, Cost & ROI Analysis

North America Heat Pump Water Heater Market Plant Report, Pre-Feasibility, Production Cost Structure, Expenditure Report, Return on Investment (ROI), Economic Feasibility, Capex, OPEX, Machinery, Material Cost, Top Installation Services Providers Analysis

Last Updated: 23-07-2025 | Format: PDF | Report ID:10697 | Author: Lily

Procurement Report

North America Heat Pump Water Heater Market Procurement Resource Report

Plant ReportPre-FeasibilityProduction Cost StructureExpenditure ReportReturn on Investment (ROI)Economic FeasibilityCapexOPEXMachineryMaterial CostTop Installation Services Providers Analysis

1. North America Heat Pump Water Heater Market Plant Market Revenue (USD Million), (2020-2035)

1.1. North America Heat Pump Water Heater Market Plant By Regions/Countries

1.1.1. North America

1.1.2. Europe

1.1.3. Asia-Pacific

1.1.4. South America

2. North America Heat Pump Water Heater Market Plant Executive Summary

2.1. North America Heat Pump Water Heater Market Plant Market Historical and Forecasted Scenario

2.2. North America Heat Pump Water Heater Market Plant Production Cost Comparison Between 2025 and 2030

2.3. North America Heat Pump Water Heater Market Plant Income Projections

2.4. North America Heat Pump Water Heater Market Plant Expenditure Details

2.5. North America Heat Pump Water Heater Market Plant Profit Margin

3. North America Heat Pump Water Heater Market Plant Installation Cost Structure

3.1. Total North America Heat Pump Water Heater Market Plant Capital Investment (Capacity)

3.2. North America Heat Pump Water Heater Market Plant Working Capital By Country

3.3. North America Heat Pump Water Heater Market Plant Land Cost By Country

3.4. North America Heat Pump Water Heater Market Plant Civil Work Cost By Country

3.5. North America Heat Pump Water Heater Market Plant Machinery Cost By Country

3.6. North America Heat Pump Water Heater Market Plant Auxiliary Equipment Cost By Country

3.7. North America Heat Pump Water Heater Market Plant Services Charges By Country

4. North America Heat Pump Water Heater Market Plant Variable Costs Structure

4.1. North America Heat Pump Water Heater Market Plant Raw Materials

4.1.1. North America Heat Pump Water Heater Market Plant Raw Material Specifications

4.1.2. North America Heat Pump Water Heater Market Plant Raw Material Consumptions

4.1.3. North America Heat Pump Water Heater Market Plant Raw Material Costs

4.2. North America Heat Pump Water Heater Market Plant Utilities Consumption Costs

4.3. North America Heat Pump Water Heater Market Plant Co-Products Cost Credit

4.4. North America Heat Pump Water Heater Market Plant Labor Requirements and Costs

5. North America Heat Pump Water Heater Market Plant Fixed Cost Structure

5.1. North America Heat Pump Water Heater Market Plant Repair & Maintenance Cost

5.2. North America Heat Pump Water Heater Market Plant Overheads Cost

5.3. North America Heat Pump Water Heater Market Plant Insurance Cost

5.4. North America Heat Pump Water Heater Market Plant Depreciation Chargers

6. Top 5 Plant Installation Service Providers Comparative Analysis

6.1. North America Heat Pump Water Heater Market Plant Consulting Charges

6.2. North America Heat Pump Water Heater Market Plant Civil Services Charges

6.3. North America Heat Pump Water Heater Market Plant Installation Charges

6.4. Other Charges

About the Author

Lily

Senior Market Research Analyst

Lily is a Senior Market Research Analyst specializing in market research, industry analysis, and business consulting across Energy & Power. Lily brings a commercially grounded perspective to sectors shaped by changing demand, innovation, and competitive dynamics, helping turn complex market trends into clear strategic insights for business decision-makers. With 10+ years of experience across research, analytics, and strategic advisory roles, Lily has helped organizations translate data into actionable growth strategies.

Energy & PowerMarket ResearchIndustry AnalysisStrategic Consulting

Key Questions Answered

»What is the market size and growth rate of the global and regional market by various segments?
»What is the market size and growth rate of the market for selective countries?
»Which region or sub-segment is expected to drive the market in the forecast period?
»What factors are estimated to drive and restrain the market growth?
»What are the key technological and market trends shaping the market?
»What are the key opportunities in the market?
»What are the key companies operating in the market?
»Which company accounted for the highest market share?

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Study period:

2020-2035

Base year:

2026

Historical data

2020-2024

NO OF PAGE:

167

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