Global Pool Heat Pump Market Segmentation

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It is estimated that during 2019-2025, the compound annual growth rate of the air source segment will exceed 5%.India, Malaysia, Thailand, and Singapore are expected to be crucial for growth. North America is the largest contributor in terms of unit shipments in the region with the highest number of outdoor pools. Factors such as affordable prices, low maintenance costs and low installation complexity are driving this segment.

Growing commercial construction activities, such as hotels, spas and resorts, can boost the market value in China, the US and the GCC countries. In extreme weather conditions (e.g. European markets, where swimming pools typically have higher load requirements than other markets), priority can be given to swimming pool heat pumps.

The residential sector is expected to achieve an absolute growth of 39% by the end of 2025. The growth of sustainable housing construction projects is becoming an effective driving force for swimming pool heat pumps. It is expected that during the forecast period, North America will generate an incremental growth of US$590 million.Heating and cooling are essential to the spa industry and therefore are steady demand generators for heat pumps. The district heating concept (especially in European countries/regions) has accelerated the growth of commercial heat pumps in recent years, which is further expected to influence the pool heat pump market.

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