| Product Code: ETC5757982 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Despite a decline in the CAGR and a significant negative growth rate in 2024, Estonia`s import shipments of heat pump water heaters continued to be dominated by a few key exporting countries. Malaysia, China, Sweden, Czechia, and Thailand stood out as the top countries supplying heat pump water heaters to Estonia. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting potential challenges for diversification. Monitoring how these trends evolve will be crucial for stakeholders in the heat pump water heater import market in Estonia.
The heat pump water heater market in Estonia is expanding rapidly as consumers and businesses seek energy-efficient alternatives to traditional water heating methods. Heat pumps offer a more sustainable way to heat water, reducing energy consumption and carbon footprints. The Estonian government`s incentives for green energy solutions further support the adoption of heat pump systems in residential and commercial settings.
The heat pump water heater market in Estonia is expanding due to the increasing demand for energy-efficient and environmentally friendly water heating solutions. Heat pump water heaters are known for their ability to extract heat from the air or ground, providing a more sustainable and cost-effective alternative to traditional electric or gas water heaters. As Estonia continues to focus on reducing energy consumption and lowering carbon emissions, the adoption of heat pump water heaters is on the rise. Moreover, the growing awareness of energy savings and the long-term benefits of these systems is supporting market growth.
The heat pump water heater market in Estonia faces challenges from high initial costs and competition from conventional water heating systems. A lack of consumer awareness about energy efficiency benefits and limited government incentives for adoption further restrict market expansion.
Estonias government promotes the adoption of heat pump water heaters by incentivizing energy-efficient and environmentally friendly technologies. Policies encourage the use of renewable energy sources for heating, and the government supports both residential and commercial applications, ensuring compliance with EU energy efficiency standards.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Estonia Heat Pump Water Heater Market Overview |
3.1 Estonia Country Macro Economic Indicators |
3.2 Estonia Heat Pump Water Heater Market Revenues & Volume, 2021 & 2031F |
3.3 Estonia Heat Pump Water Heater Market - Industry Life Cycle |
3.4 Estonia Heat Pump Water Heater Market - Porter's Five Forces |
3.5 Estonia Heat Pump Water Heater Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Estonia Heat Pump Water Heater Market Revenues & Volume Share, By Storage, 2021 & 2031F |
3.7 Estonia Heat Pump Water Heater Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
4 Estonia Heat Pump Water Heater Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on energy efficiency and sustainability in Estonia |
4.2.2 Government incentives and subsidies for the adoption of renewable energy technologies |
4.2.3 Growing awareness among consumers about the environmental impact of traditional water heating systems |
4.3 Market Restraints |
4.3.1 High initial cost of heat pump water heaters compared to conventional water heaters |
4.3.2 Limited availability of skilled professionals for installation and maintenance of heat pump systems |
4.3.3 Potential challenges related to compatibility with existing plumbing systems in older buildings |
5 Estonia Heat Pump Water Heater Market Trends |
6 Estonia Heat Pump Water Heater Market Segmentations |
6.1 Estonia Heat Pump Water Heater Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Estonia Heat Pump Water Heater Market Revenues & Volume, By Air Source, 2021-2031F |
6.1.3 Estonia Heat Pump Water Heater Market Revenues & Volume, By Geothermal, 2021-2031F |
6.2 Estonia Heat Pump Water Heater Market, By Storage |
6.2.1 Overview and Analysis |
6.2.2 Estonia Heat Pump Water Heater Market Revenues & Volume, By Up to 500 L, 2021-2031F |
6.2.3 Estonia Heat Pump Water Heater Market Revenues & Volume, By 500? ??1000 L, 2021-2031F |
6.2.4 Estonia Heat Pump Water Heater Market Revenues & Volume, By Above 1000 L, 2021-2031F |
6.3 Estonia Heat Pump Water Heater Market, By Capacity |
6.3.1 Overview and Analysis |
6.3.2 Estonia Heat Pump Water Heater Market Revenues & Volume, By Up to 10 kW, 2021-2031F |
6.3.3 Estonia Heat Pump Water Heater Market Revenues & Volume, By 10-20 kW, 2021-2031F |
6.3.4 Estonia Heat Pump Water Heater Market Revenues & Volume, By 20-30 kW, 2021-2031F |
6.3.5 Estonia Heat Pump Water Heater Market Revenues & Volume, By 30-100 kW, 2021-2031F |
6.3.6 Estonia Heat Pump Water Heater Market Revenues & Volume, By 10? ??150 kW, 2021-2031F |
6.3.7 Estonia Heat Pump Water Heater Market Revenues & Volume, By Above 150 kW, 2021-2031F |
7 Estonia Heat Pump Water Heater Market Import-Export Trade Statistics |
7.1 Estonia Heat Pump Water Heater Market Export to Major Countries |
7.2 Estonia Heat Pump Water Heater Market Imports from Major Countries |
8 Estonia Heat Pump Water Heater Market Key Performance Indicators |
8.1 Average annual energy savings achieved by households using heat pump water heaters |
8.2 Number of new residential and commercial buildings opting for heat pump water heaters over traditional systems |
8.3 Percentage increase in the number of heat pump water heater installations compared to the previous year |
9 Estonia Heat Pump Water Heater Market - Opportunity Assessment |
9.1 Estonia Heat Pump Water Heater Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Estonia Heat Pump Water Heater Market Opportunity Assessment, By Storage, 2021 & 2031F |
9.3 Estonia Heat Pump Water Heater Market Opportunity Assessment, By Capacity, 2021 & 2031F |
10 Estonia Heat Pump Water Heater Market - Competitive Landscape |
10.1 Estonia Heat Pump Water Heater Market Revenue Share, By Companies, 2024 |
10.2 Estonia Heat Pump Water Heater Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |