New Zealand domestic heat pump water heater market is expected to reach USD9.94 million by 2027F, growing at a CAGR of 14.27% during the forecast period. New Zealand heat pump water heater market is mainly driven by factors such as high humidity levels in the country, increasing urbanization, rising disposable income, etc. Heat pump water heaters use electricity to transmit heat from one location to another, making water heating 2-3 times more energy efficient than traditional techniques. They are gaining popularity in the residential sector. Such factors are positively increasing the demand for heat pump water heaters in New Zealand. Heat pump water heaters are also related to lower greenhouse gas emissions. The renewable energy utilized to heat the water with heat pumps accounts for over 80% of the heat requirement. As a result, adopting heat pump water heater systems reduces energy consumption considerably. Furthermore, during the forecast period, an increase in investment in green infrastructure as well as cooling and heating water systems in the residential sector is expected to drive demand for heat pump water heaters in New Zealand.

Increasing Government Initiatives Aiding the Market Growth

Water heaters are always in high demand in New Zealand due to the country's climatic characteristics. Water heaters are increasingly being used in houses for various domestic purposes, resulting in rising energy costs. Therefore, the New Zealand government is constantly coming up with initiatives to encourage people to shift towards such energy efficient products. Also, the New Zealand government with the help of the Energy Efficiency and Conservation Authority, launched a campaign to promote the use of renewable energy sources to benefit both the environment and individual electricity bills. Such factors are anticipated to propel the market of heat pump water heater in New Zealand in the forecast period.

Reduction in CO2 Emission

The production and consumption of energy results in the release of carbon dioxide (CO2), which is released in large quantities when fossil fuels like coal, oil, and natural gas are burned. Due to rising CO2 emissions, several countries are attempting to lower their primary energy demand and establish regulations to limit greenhouse gas emissions. One of the most promising technologies for lowering greenhouse gas emissions is the heat pump water heater. Through aerothermal and geothermal technology, a heat pump water heater offers an energy-efficient approach to provide heating. Other heat sources often used include exhaust air, groundwater, and surface water (lake, river, or pond), etc. Heat pump water heaters use low-temperature ambient heat from the air, water, and earth to raise the water temperature using energy input, mostly from electricity. Air source heat pumps use 66 to 80 percent renewable heat sources in the environment to heat the water and 20 to 33 percent electrical energy for the heat pump compressor. As a result, adopting heat pump water heater systems instead of fossil fuel-based systems can substantially reduce carbon emissions connected with energy use and generation. This is driving an increase in the number of heat pump water heater installations, especially in the residential sector.

Growing Technological Advancements to Proper the Market Growth

The technological advancements in internet of things (IoT)-enabled heat pump water heaters are expected to boost the entire heat pump water heater market in the country. However, the heat pump water heater market is expected to be hampered by a lack of proper awareness about the benefits of heat pump water heaters in New Zealand.


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Market Segmentation

The New Zealand domestic heat pump water heater market is segmented based on type, price segment, capacity, sales channel, region and competitional landscape. Based on type, the market is categorized into integrated and split. In terms of price segment, the market is further fragmented into low, medium, and high. Based on region, the market is divided into North Island and South Island.

Company Profiles

Rheem New Zealand Ltd, Parex Industries Limited, Sanden International (Australia) Pty Ltd., Hot Water Heat Pumps Ltd., Superheat Limited, Stiebel Eltron NZ Limited, Trade Depot Ltd., Daikin Air Conditioning New Zealand Ltd, Energy Alternatives NZ, The Alternative Energy Company Ltd., etc. are among the major market players in the New Zealand domestic heat pump water heater market.

Attribute

Details

Market Size Value in 2021

USD4.32 Million

Revenue Forecast in 2027F

USD9.94 Million                                            

Growth Rate

14.27%

Base Year

2021

Historical Years

2017 – 2020

Estimated Year

2022E

Forecast Period

2023F– 2027F

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Type

·         Price Segment

·         Capacity

·         Sales Channel

·         Region

·         Company

Regional Scope

North Island and South Island

Key Companies Profiled

Rheem New Zealand Ltd, Parex Industries Limited, Sanden International (Australia) Pty Ltd., Hot Water Heat Pumps Ltd., Superheat Limited, Stiebel Eltron NZ Limited, Trade Depot Ltd., Daikin Air Conditioning New Zealand Ltd, Energy Alternatives NZ, The Alternative Energy Company Ltd., etc.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, New Zealand domestic heat pump water heater market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • New Zealand Domestic Heat Pump Water Heater Market, By Type:
    • Integrated
    • Split
  • New Zealand Domestic Heat Pump Water Heater Market, By Price Segment:
    • Medium
    • Low
    • High
  • New Zealand Domestic Heat Pump Water Heater Market, By Capacity:
    • 200L-300L
    • Less Than 200L
    • More Than 300L
  • New Zealand Domestic Heat Pump Water Heater Market, By Sales Channel:
    • Plumbers
    • Dealers & Mechanical Contractors
    • House Builders & Constructors
    • Online
    • Retailers
  • New Zealand Heat Pump Water Heater Market, By Region:

o   North Island

o   South Island

·         Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in New Zealand domestic heat pump water heater market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Comparison Between Different Sources of Water Heating

5.    New Zealand Domestic Hot Water Products Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value & Volume

5.2.  Market Size & Forecast

5.2.1.    By Type

6.    New Zealand Domestic Electric Water Heater Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value & Volume

7.    New Zealand Domestic Gas Water Heater Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value & Volume

8.    New Zealand Domestic Solar Water Heater Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value & Volume

9.    New Zealand Domestic Heat Pump Water Heater Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value & Volume

10.  Voice of Customer

10.1.             Preferred Way for Heating Water

10.2.             Brand Awareness

10.3.             Respondent Demographics

10.4.             Number of Bathrooms in Home

10.5.             Preferred Water Tank Capacity

10.6.             Average Monthly Electric Bill

10.7.             Preferred Water Tank Location

10.8.             Do You Run Out of Hot Water?

10.9.             Do you have Solar Panels?

10.10.           Do you plan to install Solar Panels when they become affordable?

10.11.           In Which Type of House Do You Live?

11.  New Zealand Domestic Heat Pump Water Heater Market Outlook

11.1.             Market Size & Forecast

11.1.1. By Value & Volume

11.2.             Market Share & Forecast

11.2.1. By Type (Integrated, Split)

11.2.2. By Price Segment (Low, Medium, High)

11.2.3. By Capacity (Less Than 200L, 200-300L, More Than 300L)

11.2.4. By Sales Channel (Plumbers, Dealers & Mechanical Contractors, House Builders & Constructors, Online, and Retailers)

11.2.5. By Region (North Island, South Island)

11.2.6. By Company (2021)

11.3.             Product Market Map (Type, Price Segment, Capacity, Sales Channel, Region)

12.  New Zealand Domestic Integrated Heat Pump Water Heater Market Outlook

12.1.             Market Size & Forecast

12.1.1. By Value & Volume

12.2.             Market Share & Forecast

12.2.1. By Price Segment

12.2.2. By Capacity

12.2.3. By Sales Channel

12.2.4. By Region

12.2.5. Product Benchmarking

13.  New Zealand Split Heat Pump Water Heater Market Outlook

13.1.             Market Size & Forecast

13.1.1. By Value & Volume

13.2.             Market Share & Forecast

13.2.1. By Price Segment

13.2.2. By Capacity

13.2.3. By Sales Channel

13.2.4. By Region

13.2.5. Product Benchmarking

14.  Market Dynamics

14.1.             Drivers

14.2.             Challenges

15.  Market Trends and Developments

16.  Policy and Regulatory Landscape

16.1.             Government Regulations & Standards for Heat Pump Water Heaters

16.2.             Energy Efficiency of Heat Pump Water Heaters

16.3.             Government Initiatives for Heat Pump Water Heaters

16.4.             Rising Electricity Bills

17.  Impact of COVID-19 on New Zealand Domestic Heat Pump Water Heater Market

18.  New Zealand Economic Profile

19.  Competitive Landscape

19.1.             Rheem New Zealand Ltd

19.2.             Parex Industries Limited

19.3.             Sanden International (Australia) Pty Ltd.

19.4.             Hot Water Heat Pumps Ltd.

19.5.             Superheat Limited

19.6.             Stiebel Eltron NZ Limited

19.7.             Trade Depot Ltd.

19.8.             Daikin Air Conditioning New Zealand Ltd

19.9.             Energy Alternatives NZ

19.10.           The Alternative Energy Company Ltd.

20.  Strategic Recommendations

21. About Us & Disclaimer

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com
  • Figure 1: New Zealand Domestic Hot Water Products Market Size, By Value (USD Million), 2017-2027F

    Figure 2: New Zealand Domestic Hot Water Products Market Size, By Volume (Thousand Units), 2017-2027F

    Figure 3: New Zealand Domestic Hot Water Products Market Share, By Type, By Value, 2017-2027F

    Figure 4: New Zealand Domestic Electric Water Heater Market Size, By Value (USD Million), 2017-2027F

    Figure 5: New Zealand Domestic Electric Water Heater Market Size, By Volume (Thousand Units), 2017-2027F

    Figure 6: New Zealand Domestic Gas Water Heater Market Size, By Value (USD Million), 2017-2027F

    Figure 7: New Zealand Domestic Gas Water Heater Market Size, By Volume (Thousand Units), 2017-2027F

    Figure 8: New Zealand Domestic Solar Water Heater Market Size, By Value (USD Million), 2017-2027F

    Figure 9: New Zealand Domestic Solar Water Heater Market Size, By Volume (Thousand Units), 2017-2027F

    Figure 10: New Zealand Domestic Heat Pump Water Heater Market Size, By Value (USD Million), 2017-2027F

    Figure 11: New Zealand Domestic Heat Pump Water Heater Market Size, By Volume (Thousand Units), 2017-2027F

    Figure 12: New Zealand Domestic Heat Pump Water Heater Market Size, By Value (USD Million), 2017-2027F

    Figure 13: New Zealand Domestic Heat Pump Water Heater Market Size, By Volume (Thousand Units), 2017-2027F

    Figure 14: New Zealand Domestic Heat Pump Water Heater Market Share, By Type, By Value, 2017-2027F

    Figure 15: New Zealand Domestic Heat Pump Water Heater Market Share, By Price Segment, By Value, 2017-2027F

    Figure 16: New Zealand Domestic Heat Pump Water Heater Market Share, By Capacity, By Value, 2017-2027F

    Figure 17: New Zealand Domestic Heat Pump Water Heater Market Share, By Sales Channel, By Value, 2017-2027F

    Figure 18: New Zealand Domestic Heat Pump Water Heater Market Share, By Region, By Value, 2017-2027F

    Figure 19: New Zealand Domestic Heat Pump Water Heater Market Share, By Company, By Value, 2021

    Figure 20: New Zealand Domestic Heat Pump Water Heater Market Map, By Type, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 21: New Zealand Domestic Heat Pump Water Heater Market Map, By Price Segment, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 22: New Zealand Domestic Heat Pump Water Heater Market Map, By Capacity, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 23: New Zealand Domestic Heat Pump Water Heater Market Map, By Sales Channel, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 24: New Zealand Domestic Heat Pump Water Heater Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 25: New Zealand Domestic Integrated Heat Pump Water Heater Market Size, By Value (USD Million), 2017-2027F

    Figure 26: New Zealand Domestic Integrated Heat Pump Water Heater Market Size, By Volume (Thousand Units), 2017-2027F

    Figure 27: New Zealand Domestic Integrated Heat Pump Water Heater Market Share, By Price Segment, By Value, 2017-2027F

    Figure 28: New Zealand Domestic Integrated Heat Pump Water Heater Market Share, By Capacity, By Value, 2017-2027F

    Figure 29: New Zealand Domestic Integrated Heat Pump Water Heater Market Share, By Sales Channel, By Value, 2017-2027F

    Figure 30: New Zealand Domestic Integrated Heat Pump Water Heater Market Share, By Region, By Value, 2017-2027F

    Figure 31: New Zealand Domestic Split Heat Pump Water Heater Market Size, By Value (USD Million), 2017-2027F

    Figure 32: New Zealand Domestic Split Heat Pump Water Heater Market Size, By Volume (Thousand Units), 2017-2027F

    Figure 33: New Zealand Domestic Split Heat Pump Water Heater Market Share, By Price Segment, By Value, 2017-2027F

    Figure 34: New Zealand Domestic Split Heat Pump Water Heater Market Share, By Capacity, By Value, 2017-2027F

    Figure 35: New Zealand Domestic Split Heat Pump Water Heater Market Share, By Sales Channel, By Value, 2017-2027F

    Figure 36: New Zealand Domestic Split Heat Pump Water Heater Market Share, By Region, By Value, 2017-2027F

    List of Tables:

    Table 1: Leading Brands SKUs, By Select Brand, By Capacity, By Recovery Time, By Flow Rate Capacity, By Features

    Table 2: Leading Brands SKUs, By Select Brand, By Capacity, By Recovery Time, By Flow Rate Capacity, By Features