| Product Code: ETC5758048 | 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 |
Serbia`s import trend for the heat pump water heater market showed significant growth from 2023 to 2024, with a growth rate of 31.77%. The compound annual growth rate (CAGR) for the period of 2020 to 2024 stood at 18.32%. This notable increase can be attributed to rising demand for energy-efficient heating solutions and favorable trade policies in the region.
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 Serbia Heat Pump Water Heater Market Overview |
3.1 Serbia Country Macro Economic Indicators |
3.2 Serbia Heat Pump Water Heater Market Revenues & Volume, 2021 & 2031F |
3.3 Serbia Heat Pump Water Heater Market - Industry Life Cycle |
3.4 Serbia Heat Pump Water Heater Market - Porter's Five Forces |
3.5 Serbia Heat Pump Water Heater Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Serbia Heat Pump Water Heater Market Revenues & Volume Share, By Storage, 2021 & 2031F |
3.7 Serbia Heat Pump Water Heater Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
4 Serbia Heat Pump Water Heater Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness and adoption of sustainable and energy-efficient technologies in Serbia. |
4.2.2 Government incentives and policies promoting the use of renewable energy sources. |
4.2.3 Growing concerns about environmental sustainability and reducing carbon emissions. |
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 of heat pump water heaters. |
5 Serbia Heat Pump Water Heater Market Trends |
6 Serbia Heat Pump Water Heater Market Segmentations |
6.1 Serbia Heat Pump Water Heater Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Serbia Heat Pump Water Heater Market Revenues & Volume, By Air Source, 2021-2031F |
6.1.3 Serbia Heat Pump Water Heater Market Revenues & Volume, By Geothermal, 2021-2031F |
6.2 Serbia Heat Pump Water Heater Market, By Storage |
6.2.1 Overview and Analysis |
6.2.2 Serbia Heat Pump Water Heater Market Revenues & Volume, By Up to 500 L, 2021-2031F |
6.2.3 Serbia Heat Pump Water Heater Market Revenues & Volume, By 500? ??1000 L, 2021-2031F |
6.2.4 Serbia Heat Pump Water Heater Market Revenues & Volume, By Above 1000 L, 2021-2031F |
6.3 Serbia Heat Pump Water Heater Market, By Capacity |
6.3.1 Overview and Analysis |
6.3.2 Serbia Heat Pump Water Heater Market Revenues & Volume, By Up to 10 kW, 2021-2031F |
6.3.3 Serbia Heat Pump Water Heater Market Revenues & Volume, By 10-20 kW, 2021-2031F |
6.3.4 Serbia Heat Pump Water Heater Market Revenues & Volume, By 20-30 kW, 2021-2031F |
6.3.5 Serbia Heat Pump Water Heater Market Revenues & Volume, By 30-100 kW, 2021-2031F |
6.3.6 Serbia Heat Pump Water Heater Market Revenues & Volume, By 10? ??150 kW, 2021-2031F |
6.3.7 Serbia Heat Pump Water Heater Market Revenues & Volume, By Above 150 kW, 2021-2031F |
7 Serbia Heat Pump Water Heater Market Import-Export Trade Statistics |
7.1 Serbia Heat Pump Water Heater Market Export to Major Countries |
7.2 Serbia Heat Pump Water Heater Market Imports from Major Countries |
8 Serbia 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 government initiatives and subsidies supporting the adoption of heat pump water heaters. |
8.3 Percentage increase in the number of households switching from traditional water heaters to heat pump water heaters. |
8.4 Average lifespan of heat pump water heaters installed in Serbia. |
8.5 Level of customer satisfaction and feedback on the performance and efficiency of heat pump water heaters. |
9 Serbia Heat Pump Water Heater Market - Opportunity Assessment |
9.1 Serbia Heat Pump Water Heater Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Serbia Heat Pump Water Heater Market Opportunity Assessment, By Storage, 2021 & 2031F |
9.3 Serbia Heat Pump Water Heater Market Opportunity Assessment, By Capacity, 2021 & 2031F |
10 Serbia Heat Pump Water Heater Market - Competitive Landscape |
10.1 Serbia Heat Pump Water Heater Market Revenue Share, By Companies, 2024 |
10.2 Serbia 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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