| Product Code: ETC5758009 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Lithuania saw significant imports of heat pump water heaters, with top exporters being China, Netherlands, Italy, Estonia, and Thailand. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The compound annual growth rate (CAGR) from 2020 to 2024 was a substantial 11.59%, showcasing a buoyant market. Furthermore, the growth rate in 2024 alone stood at an impressive 9.81%, reflecting continued momentum in the importation of heat pump water heaters into Lithuania. This data suggests a robust demand for energy-efficient heating solutions in the country.

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 Lithuania Heat Pump Water Heater Market Overview |
3.1 Lithuania Country Macro Economic Indicators |
3.2 Lithuania Heat Pump Water Heater Market Revenues & Volume, 2021 & 2031F |
3.3 Lithuania Heat Pump Water Heater Market - Industry Life Cycle |
3.4 Lithuania Heat Pump Water Heater Market - Porter's Five Forces |
3.5 Lithuania Heat Pump Water Heater Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Lithuania Heat Pump Water Heater Market Revenues & Volume Share, By Storage, 2021 & 2031F |
3.7 Lithuania Heat Pump Water Heater Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
4 Lithuania Heat Pump Water Heater Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness and adoption of energy-efficient technologies in Lithuania |
4.2.2 Government incentives and subsidies for renewable energy products like heat pump water heaters |
4.2.3 Growing concern for environmental sustainability and reducing carbon footprint |
4.3 Market Restraints |
4.3.1 High initial installation costs of heat pump water heaters |
4.3.2 Lack of consumer awareness and understanding of the benefits of heat pump water heaters |
4.3.3 Limited availability of skilled technicians for installation and maintenance |
5 Lithuania Heat Pump Water Heater Market Trends |
6 Lithuania Heat Pump Water Heater Market Segmentations |
6.1 Lithuania Heat Pump Water Heater Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Lithuania Heat Pump Water Heater Market Revenues & Volume, By Air Source, 2021-2031F |
6.1.3 Lithuania Heat Pump Water Heater Market Revenues & Volume, By Geothermal, 2021-2031F |
6.2 Lithuania Heat Pump Water Heater Market, By Storage |
6.2.1 Overview and Analysis |
6.2.2 Lithuania Heat Pump Water Heater Market Revenues & Volume, By Up to 500 L, 2021-2031F |
6.2.3 Lithuania Heat Pump Water Heater Market Revenues & Volume, By 500? ??1000 L, 2021-2031F |
6.2.4 Lithuania Heat Pump Water Heater Market Revenues & Volume, By Above 1000 L, 2021-2031F |
6.3 Lithuania Heat Pump Water Heater Market, By Capacity |
6.3.1 Overview and Analysis |
6.3.2 Lithuania Heat Pump Water Heater Market Revenues & Volume, By Up to 10 kW, 2021-2031F |
6.3.3 Lithuania Heat Pump Water Heater Market Revenues & Volume, By 10-20 kW, 2021-2031F |
6.3.4 Lithuania Heat Pump Water Heater Market Revenues & Volume, By 20-30 kW, 2021-2031F |
6.3.5 Lithuania Heat Pump Water Heater Market Revenues & Volume, By 30-100 kW, 2021-2031F |
6.3.6 Lithuania Heat Pump Water Heater Market Revenues & Volume, By 10? ??150 kW, 2021-2031F |
6.3.7 Lithuania Heat Pump Water Heater Market Revenues & Volume, By Above 150 kW, 2021-2031F |
7 Lithuania Heat Pump Water Heater Market Import-Export Trade Statistics |
7.1 Lithuania Heat Pump Water Heater Market Export to Major Countries |
7.2 Lithuania Heat Pump Water Heater Market Imports from Major Countries |
8 Lithuania Heat Pump Water Heater Market Key Performance Indicators |
8.1 Average energy savings achieved through the use of heat pump water heaters |
8.2 Number of government policies and incentives supporting renewable energy products |
8.3 Percentage increase in the adoption rate of heat pump water heaters in residential and commercial sectors |
9 Lithuania Heat Pump Water Heater Market - Opportunity Assessment |
9.1 Lithuania Heat Pump Water Heater Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Lithuania Heat Pump Water Heater Market Opportunity Assessment, By Storage, 2021 & 2031F |
9.3 Lithuania Heat Pump Water Heater Market Opportunity Assessment, By Capacity, 2021 & 2031F |
10 Lithuania Heat Pump Water Heater Market - Competitive Landscape |
10.1 Lithuania Heat Pump Water Heater Market Revenue Share, By Companies, 2024 |
10.2 Lithuania 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.
To discover high-growth global markets and optimize your business strategy:
Click Here