Pool Heat Pump Market Size by Investment to Reach USD 7.99 Billion by 2027 - Arizton

Pool Heat Pump Market Size by Investment to Reach USD 7.99 Billion by 2027 - Arizton

PR Newswire

CHICAGO, Dec. 22, 2021

- Swimming pools have become a major investment and epicenter of attraction for residential and commercial spaces. While it enhances the popularity and value of outdoor space in homes, it also serves as the differentiator for leading resorts, hotels, and water parks.

- The APAC region is estimated to be the fastest-growing region for the commercial segment in terms of unit-wise adoption, which is expected to reach 56.14 thousand units by 2027.

CHICAGO, Dec. 22, 2021 /PRNewswire/ -- The pool heat pump market is expected to grow at a CAGR of over 5% during the period 2021−2027.

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Pool Heat Pump Market – Segmentation

Pool Heat Pump Market by Type

Pool Heat Pump Market by Capacity

Pool Heat Pump Market by End-User

Pool Heat Pump Market – Dynamics

With energy efficiency being a priority for heat pump vendors, the rise in digitalization is expected to fuel the integration of devices with IoT. Heat pumps are also expected to be designed as per the smart demand response. IoT-enabled heat pumps allow further decarbonization of heat supply as they are effective in transferring renewable energy for household purposes and other commercial activities and gaining high traction in the global market. For instance, the smart control system from Hayward, powered through OmniHub, facilitates seamless connectivity, integration, and real-time control even through devices such as Alexa to adjust the temperature of the pool. Moreover, Industry leaders such as AquaCal have been leveraging Wi-fi management systems with the PoolSync mobile application. It enables end-users to adjust the temperature settings alongside pool statistics in the dashboard of the application.

Key Drivers and Trends fueling Market Growth:

Pool Heat Pump Market – Geography

With fossil fuels dominating the market in most residential buildings in the US, the opportunity for pool heat pump growth remains evident in the country. The eminent players in the region are expected to participate in market expansion activities that influence higher adoption in niche markets of Canada between 2020 and 2025. Arizona, Florida, Nevada, Connecticut, and New Hampshire are some of the ideal targets for heat pump vendors. Above-ground pools are more common in residential homes as the average cost of construction ranges between USD 6,000−6,500, whereas for an in-ground pool, it is above USD 20,000. Green buildings are the latest trends in the US, where cities like Austin are the fastest-growing markets for greenhouse buildings. In major cities like New York, there is scope for the adoption of over 1,00,000 residential heat pump installations by the end of 2025, thereby contributing towards New York's energy efficiency target of realizing over 185 TBtu of site energy savings by during the forecast period.

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Pool Heat Pump Market by Geography

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