| Product Code: ETC4521209 | Publication Date: Jul 2023 | Updated Date: Feb 2026 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
In the Indonesia heat pump water heater market, the import trend experienced a -9.57% growth rate from 2023 to 2024, with a 4.9% CAGR for the period 2020-2024. This decline could be attributed to shifting consumer preferences towards more energy-efficient alternatives or changes in trade policies impacting imports.

The Indonesian heat pump water heater market is experiencing rapid growth due to its energy-efficient and environmentally friendly nature. Heat pump water heaters use electricity to transfer heat from the air or ground to heat water, making them a more energy-efficient alternative to traditional water heaters. As Indonesia continues to focus on sustainability and reducing its carbon footprint, heat pump water heaters are becoming a preferred choice for residential and commercial water heating needs. The market is expected to expand as more consumers recognize the cost savings and environmental benefits of these systems.
The heat pump water heater market is growing in response to the need for more energy-efficient water heating solutions. The rising cost of conventional energy sources and the desire to reduce energy consumption are key drivers, with government incentives and awareness campaigns further promoting this technology.
The heat pump water heater market in Indonesia faces challenges linked to consumer preferences and market competition. Traditional water heaters are commonly preferred due to their low upfront cost, and promoting the adoption of heat pump water heaters requires education and incentives. Furthermore, the market may face competition from solar water heaters, and energy efficiency standards are crucial to ensure that heat pump water heaters remain a viable option.
The heat pump water heater market in Indonesia faced COVID-19 challenges as construction projects were delayed, impacting demand. However, the market also witnessed increased interest in energy-efficient solutions as consumers spent more time at home. As the economy stabilizes, the market for heat pump water heaters is projected to grow, driven by the emphasis on energy conservation and sustainability in the residential and commercial sectors.
Heat pump water heaters are gaining popularity for their energy efficiency. Key players in this market include international brands like Panasonic and local manufacturers like PT Dankos Farma.
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 Indonesia Heat Pump Water Heater Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Heat Pump Water Heater Market Revenues & Volume, 2021 & 2031F |
3.3 Indonesia Heat Pump Water Heater Market - Industry Life Cycle |
3.4 Indonesia Heat Pump Water Heater Market - Porter's Five Forces |
3.5 Indonesia Heat Pump Water Heater Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Indonesia Heat Pump Water Heater Market Revenues & Volume Share, By Storage, 2021 & 2031F |
3.7 Indonesia Heat Pump Water Heater Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
4 Indonesia Heat Pump Water Heater Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about energy efficiency and environmental concerns |
4.2.2 Government incentives and regulations promoting the use of renewable energy sources |
4.2.3 Rising demand for cost-effective and sustainable water heating solutions |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with heat pump water heaters |
4.3.2 Lack of consumer awareness and understanding of heat pump technology |
4.3.3 Limited availability of skilled technicians for installation and maintenance |
5 Indonesia Heat Pump Water Heater Market Trends |
6 Indonesia Heat Pump Water Heater Market, By Types |
6.1 Indonesia Heat Pump Water Heater Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Heat Pump Water Heater Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Indonesia Heat Pump Water Heater Market Revenues & Volume, By Air Source, 2021-2031F |
6.1.4 Indonesia Heat Pump Water Heater Market Revenues & Volume, By Geothermal, 2021-2031F |
6.2 Indonesia Heat Pump Water Heater Market, By Storage |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Heat Pump Water Heater Market Revenues & Volume, By Up to 500 L, 2021-2031F |
6.2.3 Indonesia Heat Pump Water Heater Market Revenues & Volume, By 500??1000 L, 2021-2031F |
6.2.4 Indonesia Heat Pump Water Heater Market Revenues & Volume, By Above 1000 L, 2021-2031F |
6.3 Indonesia Heat Pump Water Heater Market, By Capacity |
6.3.1 Overview and Analysis |
6.3.2 Indonesia Heat Pump Water Heater Market Revenues & Volume, By Up to 10 kW, 2021-2031F |
6.3.3 Indonesia Heat Pump Water Heater Market Revenues & Volume, By 10-20 kW, 2021-2031F |
6.3.4 Indonesia Heat Pump Water Heater Market Revenues & Volume, By 20-30 kW, 2021-2031F |
6.3.5 Indonesia Heat Pump Water Heater Market Revenues & Volume, By 30-100 kW, 2021-2031F |
6.3.6 Indonesia Heat Pump Water Heater Market Revenues & Volume, By 10??150 kW, 2021-2031F |
6.3.7 Indonesia Heat Pump Water Heater Market Revenues & Volume, By Above 150 kW, 2021-2031F |
7 Indonesia Heat Pump Water Heater Market Import-Export Trade Statistics |
7.1 Indonesia Heat Pump Water Heater Market Export to Major Countries |
7.2 Indonesia Heat Pump Water Heater Market Imports from Major Countries |
8 Indonesia Heat Pump Water Heater Market Key Performance Indicators |
8.1 Energy efficiency ratings of heat pump water heaters |
8.2 Number of government incentives and subsidies supporting renewable energy adoption |
8.3 Adoption rate of heat pump water heaters in residential and commercial buildings |
9 Indonesia Heat Pump Water Heater Market - Opportunity Assessment |
9.1 Indonesia Heat Pump Water Heater Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Indonesia Heat Pump Water Heater Market Opportunity Assessment, By Storage, 2021 & 2031F |
9.3 Indonesia Heat Pump Water Heater Market Opportunity Assessment, By Capacity, 2021 & 2031F |
10 Indonesia Heat Pump Water Heater Market - Competitive Landscape |
10.1 Indonesia Heat Pump Water Heater Market Revenue Share, By Companies, 2024 |
10.2 Indonesia Heat Pump Water Heater Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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