| Product Code: ETC5758074 | 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 |
In 2024, Zambia saw a significant increase in heat pump water heater import shipments, with top exporting countries being China, South Africa, South Korea, Serbia, and the United Arab Emirates. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a strong 11.68%, with a notable growth rate of 21.79% from 2023 to 2024. This data suggests a growing demand for energy-efficient water heating solutions in Zambia, driven by imports from key global players.

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 Zambia Heat Pump Water Heater Market Overview |
3.1 Zambia Country Macro Economic Indicators |
3.2 Zambia Heat Pump Water Heater Market Revenues & Volume, 2021 & 2031F |
3.3 Zambia Heat Pump Water Heater Market - Industry Life Cycle |
3.4 Zambia Heat Pump Water Heater Market - Porter's Five Forces |
3.5 Zambia Heat Pump Water Heater Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Zambia Heat Pump Water Heater Market Revenues & Volume Share, By Storage, 2021 & 2031F |
3.7 Zambia Heat Pump Water Heater Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
4 Zambia 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 subsidies for the adoption of renewable energy technologies |
4.2.3 Growing demand for reliable and cost-effective water heating solutions |
4.3 Market Restraints |
4.3.1 High initial installation costs of heat pump water heaters |
4.3.2 Limited consumer awareness and understanding of heat pump technology |
4.3.3 Availability of cheaper traditional water heating options in the market |
5 Zambia Heat Pump Water Heater Market Trends |
6 Zambia Heat Pump Water Heater Market Segmentations |
6.1 Zambia Heat Pump Water Heater Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Zambia Heat Pump Water Heater Market Revenues & Volume, By Air Source, 2021-2031F |
6.1.3 Zambia Heat Pump Water Heater Market Revenues & Volume, By Geothermal, 2021-2031F |
6.2 Zambia Heat Pump Water Heater Market, By Storage |
6.2.1 Overview and Analysis |
6.2.2 Zambia Heat Pump Water Heater Market Revenues & Volume, By Up to 500 L, 2021-2031F |
6.2.3 Zambia Heat Pump Water Heater Market Revenues & Volume, By 500? ??1000 L, 2021-2031F |
6.2.4 Zambia Heat Pump Water Heater Market Revenues & Volume, By Above 1000 L, 2021-2031F |
6.3 Zambia Heat Pump Water Heater Market, By Capacity |
6.3.1 Overview and Analysis |
6.3.2 Zambia Heat Pump Water Heater Market Revenues & Volume, By Up to 10 kW, 2021-2031F |
6.3.3 Zambia Heat Pump Water Heater Market Revenues & Volume, By 10-20 kW, 2021-2031F |
6.3.4 Zambia Heat Pump Water Heater Market Revenues & Volume, By 20-30 kW, 2021-2031F |
6.3.5 Zambia Heat Pump Water Heater Market Revenues & Volume, By 30-100 kW, 2021-2031F |
6.3.6 Zambia Heat Pump Water Heater Market Revenues & Volume, By 10? ??150 kW, 2021-2031F |
6.3.7 Zambia Heat Pump Water Heater Market Revenues & Volume, By Above 150 kW, 2021-2031F |
7 Zambia Heat Pump Water Heater Market Import-Export Trade Statistics |
7.1 Zambia Heat Pump Water Heater Market Export to Major Countries |
7.2 Zambia Heat Pump Water Heater Market Imports from Major Countries |
8 Zambia Heat Pump Water Heater Market Key Performance Indicators |
8.1 Energy efficiency rating of heat pump water heaters |
8.2 Number of government policies supporting renewable energy adoption |
8.3 Growth in the number of certified installers for heat pump water heaters |
9 Zambia Heat Pump Water Heater Market - Opportunity Assessment |
9.1 Zambia Heat Pump Water Heater Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Zambia Heat Pump Water Heater Market Opportunity Assessment, By Storage, 2021 & 2031F |
9.3 Zambia Heat Pump Water Heater Market Opportunity Assessment, By Capacity, 2021 & 2031F |
10 Zambia Heat Pump Water Heater Market - Competitive Landscape |
10.1 Zambia Heat Pump Water Heater Market Revenue Share, By Companies, 2024 |
10.2 Zambia 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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