| Product Code: ETC5758006 | Publication Date: Nov 2023 | Updated Date: Dec 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Despite a high Herfindahl-Hirschman Index (HHI) indicating a concentrated market, the import shipments of heat pump water heaters to Liberia in 2023 saw significant growth with a Compound Annual Growth Rate (CAGR) of 25.3%. Top exporters to Liberia included China, Dem. People`s Rep. of Korea, Turkey, Nigeria, and Hong Kong. However, the growth rate dipped slightly to -4.28%. The market for heat pump water heaters in Liberia remains dynamic, with opportunities for both exporters and local businesses to capitalize on the demand for energy-efficient heating solutions.

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 Liberia Heat Pump Water Heater Market Overview |
3.1 Liberia Country Macro Economic Indicators |
3.2 Liberia Heat Pump Water Heater Market Revenues & Volume, 2021 & 2031F |
3.3 Liberia Heat Pump Water Heater Market - Industry Life Cycle |
3.4 Liberia Heat Pump Water Heater Market - Porter's Five Forces |
3.5 Liberia Heat Pump Water Heater Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Liberia Heat Pump Water Heater Market Revenues & Volume Share, By Storage, 2021 & 2031F |
3.7 Liberia Heat Pump Water Heater Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
4 Liberia Heat Pump Water Heater Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient and environmentally friendly water heating solutions. |
4.2.2 Government initiatives promoting the use of renewable energy sources. |
4.2.3 Rising awareness about the benefits of heat pump water heaters in terms of cost savings and reduced carbon footprint. |
4.3 Market Restraints |
4.3.1 High initial cost of heat pump water heaters compared to traditional water heating systems. |
4.3.2 Lack of awareness and understanding among consumers about the technology and benefits of heat pump water heaters. |
4.3.3 Limited availability of skilled technicians for installation and maintenance. |
5 Liberia Heat Pump Water Heater Market Trends |
6 Liberia Heat Pump Water Heater Market Segmentations |
6.1 Liberia Heat Pump Water Heater Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Liberia Heat Pump Water Heater Market Revenues & Volume, By Air Source, 2021-2031F |
6.1.3 Liberia Heat Pump Water Heater Market Revenues & Volume, By Geothermal, 2021-2031F |
6.2 Liberia Heat Pump Water Heater Market, By Storage |
6.2.1 Overview and Analysis |
6.2.2 Liberia Heat Pump Water Heater Market Revenues & Volume, By Up to 500 L, 2021-2031F |
6.2.3 Liberia Heat Pump Water Heater Market Revenues & Volume, By 500? ??1000 L, 2021-2031F |
6.2.4 Liberia Heat Pump Water Heater Market Revenues & Volume, By Above 1000 L, 2021-2031F |
6.3 Liberia Heat Pump Water Heater Market, By Capacity |
6.3.1 Overview and Analysis |
6.3.2 Liberia Heat Pump Water Heater Market Revenues & Volume, By Up to 10 kW, 2021-2031F |
6.3.3 Liberia Heat Pump Water Heater Market Revenues & Volume, By 10-20 kW, 2021-2031F |
6.3.4 Liberia Heat Pump Water Heater Market Revenues & Volume, By 20-30 kW, 2021-2031F |
6.3.5 Liberia Heat Pump Water Heater Market Revenues & Volume, By 30-100 kW, 2021-2031F |
6.3.6 Liberia Heat Pump Water Heater Market Revenues & Volume, By 10? ??150 kW, 2021-2031F |
6.3.7 Liberia Heat Pump Water Heater Market Revenues & Volume, By Above 150 kW, 2021-2031F |
7 Liberia Heat Pump Water Heater Market Import-Export Trade Statistics |
7.1 Liberia Heat Pump Water Heater Market Export to Major Countries |
7.2 Liberia Heat Pump Water Heater Market Imports from Major Countries |
8 Liberia Heat Pump Water Heater Market Key Performance Indicators |
8.1 Energy efficiency ratings of heat pump water heaters. |
8.2 Number of government incentives or subsidies supporting the adoption of heat pump water heaters. |
8.3 Growth in the number of certified installers and service providers for heat pump water heaters. |
8.4 Percentage increase in consumer awareness about the benefits of heat pump water heaters. |
8.5 Adoption rate of heat pump water heaters in residential and commercial buildings. |
9 Liberia Heat Pump Water Heater Market - Opportunity Assessment |
9.1 Liberia Heat Pump Water Heater Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Liberia Heat Pump Water Heater Market Opportunity Assessment, By Storage, 2021 & 2031F |
9.3 Liberia Heat Pump Water Heater Market Opportunity Assessment, By Capacity, 2021 & 2031F |
10 Liberia Heat Pump Water Heater Market - Competitive Landscape |
10.1 Liberia Heat Pump Water Heater Market Revenue Share, By Companies, 2024 |
10.2 Liberia 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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