Pool Heat Pump Market Report by Type (Air Source, Water/Geothermal Source), Capacity (Less than 10kW, 10kW-20kW, Greater than 20kW), End User (Residential, Commercial), and Region 2024-2032

Pool Heat Pump Market Report by Type (Air Source, Water/Geothermal Source), Capacity (Less than 10kW, 10kW-20kW, Greater than 20kW), End User (Residential, Commercial), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112023A6843
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Market Overview:

The global pool heat pump market size reached US$ 4.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 6.9 Billion by 2032, exhibiting a growth rate (CAGR) of 3.87% during 2024-2032. The increasing establishments of swimming pools, the implementation of various government initiatives to promote the use of renewable energy sources, and extensive research and development (R&D) activities represent some of the key factors driving the market.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 4.9 Billion
Market Forecast in 2032
US$ 6.9 Billion
Market Growth Rate 2024-2032 3.87%


A pool heat pump is a high-capacity heating system that provides heat and raises the temperature of the swimming pool water. It consists of one factory-made assembly containing the air-moving device, refrigerant-to-water heat exchanger, compressor, and air-to-refrigerant heat exchanger using ambient air as the heat source. A pool heat pump is designed specifically for recreational water heating above-ground, in-ground, and on-ground pools, spas, hot tubs, and swim spas. It is widely used for heating pools by transferring the heat from the outdoors into the water. As compared to traditional modes of heating, pool heat pumps use electricity and do not actually generate heat; instead, they consist of a fan that draws in heat from the outside air that has been warmed by the sun.

Global Pool Heat Pump Market

Pool Heat Pump Market Trends:

The significant development of swimming pools as an epicenter of attraction in residential and commercial spaces is one of the key factors driving the market growth. In line with this, the growing swimming pool industry, which enhances the popularity and value of outdoor space in homes and residential complexes, is favoring the market growth. Pool heat pumps are designed for large and small pools to maintain a comfortable, soothing temperature throughout the year. Moreover, the widespread product adoption due to its lower installation complexity, cost-effectiveness, and economical for outdoor pool owners are acting as another growth-inducing factor. Apart from this, increasing adoption of geothermal pool pumps as they are gas-fueled systems and are used in house and pool heating systems as they assist in facilitating the entire network within the energy provided by a single unit, which in turn, is providing an impetus to the market growth. Furthermore, the widespread adoption of pool heat pumps in schools, hotels, resorts, sports clubs, and spas for controlling water temperature is propelling the market growth. Manufacturers and key players are focusing on the development of pool heat pumps that are ideal for installation in both indoor and outdoor spaces and can be successfully switched into hybrid versions. This is positively influencing the market growth. Besides this, the implementation of various government initiatives to promote the use of renewable energy sources and prevent the emission of greenhouse gases into the atmosphere is creating a positive outlook for the market. Other factors, including rising expenditure capacities of consumers, extensive research and development (R&D) activities, and widespread product utilization in indoor residential pools, are supporting the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global pool heat pump market, along with forecasts at the global, regional, and country level from 2024-2032. Our report has categorized the market based on type, capacity, and end user.

Type Insights:

  • Air Source
  • Water/Geothermal Source
     

The report has provided a detailed breakup and analysis of the pool heat pump market based on the type. This includes air source and water/geothermal sources. According to the report, air source represented the largest segment.

Capacity Insights:

  • Less than 10kW
  • 10kW-20kW
  • Greater than 20kW
     

The report has provided a detailed breakup and analysis of the pool heat pump market based on capacity. This includes less than 10kW, 10kW-20kW, and greater than 20kW. According to the report, greater than 20kW represented the largest segment.

End User Insights:

  • Residential
  • Commercial
    • Hotels and Resorts
    • Spas
    • Educational Institutions
    • Water Parks
    • Sports Club
    • Others
       

The report has provided a detailed breakup and analysis of the pool heat pump market based on the end user. This includes residential and commercial (hotels and resorts, spas, educational institutions, water parks, sports clubs, and others). According to the report, residential represented the largest segment.

Regional Insights:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, North America was the largest market for pool heat pumps. Some of the factors driving the North America pool heat pump market included the widespread product utilization in indoor residential pools, rising expenditure capacities, and increasing adoption of pool heat pumps in schools, hotels, resorts, and sports clubs. 

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global pool heat pump market. Detailed profiles of all major companies have also been provided. Some of the companies covered include AquaPro Systems, Dantherm AS, G&F Manufacturing Co. Inc., Hayward Industries Inc., Pahlen AB, Pentair Plc, Rheem Manufacturing Company, Team Horner Group, Thermeau Industries inc., etc.  Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Types Covered Air Source, Water/Geothermal Source
Capacities Covered Less than 10kW, 10kW-20kW, Greater than 20kW
End Users Covered Residential, Commercial
Regions Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered AquaPro Systems, Dantherm AS, G&F Manufacturing Co. Inc., Hayward Industries Inc., Pahlen AB, Pentair Plc, Rheem Manufacturing Company, Team Horner Group, Thermeau Industries inc., etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the pool heat pump   market from 2018-2032.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the global pool heat pump market.
  • The study maps the leading as well as the fastest growing regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the pool heat pump industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Key Questions Answered in This Report

The global pool heat pump market was valued at US$ 4.9 Billion in 2023.

We expect the global pool heat pump market to exhibit a CAGR of 3.87% during 2024-2032.

The rising demand for pool heat pumps in both indoor and outdoor spaces, owing to their lower installation complexity, cost-effectiveness, and economical nature, as they can be switched into hybrid versions, is primarily driving the global pool heat pump market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous installation activities for pool heat pumps.

Based on the type, the global pool heat pump market can be segmented into air source and water/geothermal source. Currently, air source holds the majority of the total market share.

Based on the capacity, the global pool heat pump market has been divided into less than 10kW, 10kW-20kW, and greater than 20kW. Among these, greater than 20kW currently exhibits a clear dominance in the market.

Based on the end user, the global pool heat pump market can be categorized into residential and commercial. Currently, residential accounts for the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global pool heat pump market include AquaPro Systems, Dantherm AS, G&F Manufacturing Co. Inc., Hayward Industries Inc., Pahlen AB, Pentair Plc, Rheem Manufacturing Company, Team Horner Group, Thermeau Industries inc., etc.

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Pool Heat Pump Market Report by Type (Air Source, Water/Geothermal Source), Capacity (Less than 10kW, 10kW-20kW, Greater than 20kW), End User (Residential, Commercial), and Region 2024-2032
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