| Product Code: ETC5758037 | 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 |
Portugal`s heat pump water heater import market continues to thrive with key exporters including China, Spain, Thailand, Turkey, and the Netherlands. The market concentration, as measured by HHI, remained moderate in 2024, indicating a competitive landscape. The impressive CAGR of 14.39% from 2020 to 2024 reflects strong and sustained growth in this sector. Additionally, the growth rate of 7.7% from 2023 to 2024 highlights the increasing demand for energy-efficient water heating solutions in Portugal.
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 Portugal Heat Pump Water Heater Market Overview |
3.1 Portugal Country Macro Economic Indicators |
3.2 Portugal Heat Pump Water Heater Market Revenues & Volume, 2021 & 2031F |
3.3 Portugal Heat Pump Water Heater Market - Industry Life Cycle |
3.4 Portugal Heat Pump Water Heater Market - Porter's Five Forces |
3.5 Portugal Heat Pump Water Heater Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Portugal Heat Pump Water Heater Market Revenues & Volume Share, By Storage, 2021 & 2031F |
3.7 Portugal Heat Pump Water Heater Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
4 Portugal Heat Pump Water Heater Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing awareness and concern for energy efficiency and environmental sustainability. |
4.2.2 Government incentives and policies promoting the adoption of renewable energy technologies. |
4.2.3 Increasing focus on reducing carbon footprint and energy costs. |
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 education about the benefits of heat pump water heaters. |
4.3.3 Limited availability of skilled professionals for installation and maintenance. |
5 Portugal Heat Pump Water Heater Market Trends |
6 Portugal Heat Pump Water Heater Market Segmentations |
6.1 Portugal Heat Pump Water Heater Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Portugal Heat Pump Water Heater Market Revenues & Volume, By Air Source, 2021-2031F |
6.1.3 Portugal Heat Pump Water Heater Market Revenues & Volume, By Geothermal, 2021-2031F |
6.2 Portugal Heat Pump Water Heater Market, By Storage |
6.2.1 Overview and Analysis |
6.2.2 Portugal Heat Pump Water Heater Market Revenues & Volume, By Up to 500 L, 2021-2031F |
6.2.3 Portugal Heat Pump Water Heater Market Revenues & Volume, By 500? ??1000 L, 2021-2031F |
6.2.4 Portugal Heat Pump Water Heater Market Revenues & Volume, By Above 1000 L, 2021-2031F |
6.3 Portugal Heat Pump Water Heater Market, By Capacity |
6.3.1 Overview and Analysis |
6.3.2 Portugal Heat Pump Water Heater Market Revenues & Volume, By Up to 10 kW, 2021-2031F |
6.3.3 Portugal Heat Pump Water Heater Market Revenues & Volume, By 10-20 kW, 2021-2031F |
6.3.4 Portugal Heat Pump Water Heater Market Revenues & Volume, By 20-30 kW, 2021-2031F |
6.3.5 Portugal Heat Pump Water Heater Market Revenues & Volume, By 30-100 kW, 2021-2031F |
6.3.6 Portugal Heat Pump Water Heater Market Revenues & Volume, By 10? ??150 kW, 2021-2031F |
6.3.7 Portugal Heat Pump Water Heater Market Revenues & Volume, By Above 150 kW, 2021-2031F |
7 Portugal Heat Pump Water Heater Market Import-Export Trade Statistics |
7.1 Portugal Heat Pump Water Heater Market Export to Major Countries |
7.2 Portugal Heat Pump Water Heater Market Imports from Major Countries |
8 Portugal Heat Pump Water Heater Market Key Performance Indicators |
8.1 Energy savings achieved by using heat pump water heaters. |
8.2 Number of government incentives or rebates utilized by consumers. |
8.3 Growth in the number of heat pump water heater installations in residential and commercial buildings. |
9 Portugal Heat Pump Water Heater Market - Opportunity Assessment |
9.1 Portugal Heat Pump Water Heater Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Portugal Heat Pump Water Heater Market Opportunity Assessment, By Storage, 2021 & 2031F |
9.3 Portugal Heat Pump Water Heater Market Opportunity Assessment, By Capacity, 2021 & 2031F |
10 Portugal Heat Pump Water Heater Market - Competitive Landscape |
10.1 Portugal Heat Pump Water Heater Market Revenue Share, By Companies, 2024 |
10.2 Portugal 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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