Residential Heat Pump (Hybrid) Water Heater Market, Production, and Trade

U.S. sales of heat pump water heaters (HPWHs)1 doubled during 2016–20, driven by the energy efficiency benefits and a push for greater adoption by manufacturers, utilities, and governments. The U.S. market for these products, as with the overall water heater market, appears to be concentrated among a relatively small number of firms. The market is primarily supplied from plants in North America, particularly Mexico and the United States, with additional imports from sources such as China, Germany, and Japan.