Business Opportunities in Global Pool Heat Pumps Market from 2022 to 2027
Today, swimming pools are a major investment and central attraction for the residential and commercial spaces, enhancing the popularity and value of outdoor space in homes. However, the swimming pool industry is relatively young, and as pool penetration increases, there is plenty of room for innovation and expansion, eventually driving the market for pool heat pumps.
Global Pool Heat Pump Market Expects to Grow at a CAGR of Over 5% Between 2021−2027
According to the latest survey from Arizton, Pool Heat Pump Market-Global Outlook & Forecast 2022-2027, the global pool heat pump market was valued at USD 5.86 billion in 2021, of which the air source segment accounted for the majority. It is expected to reach USD 7.99 billion by 2027, with a compound annual growth rate of 5.31%, to achieve an absolute growth of 33.43% in revenue from 2021 to 2027.
Residential Segment Outperforms, Forecasting Continued Growth over the Next Five Years
In terms of end-users, the residential segment dominated the global swimming pool heat pump market in 2021 with the highest share, accounting for 56.32% of the market share in revenue in 2021. As the government and associations are enforcing the adoption through rebates, financial incentives, and cuts in maintenance and service costs thereby, the residential segment is expected to add revenue of more than USD 1.28 billion during the forecast period, to achieve an absolute growth of 38.67% by the end of 2027.
Smart Green Pools Are the Unstoppable Trends
At present, heat decarbonization is a major priority, which compels economies to strive and widely adopt appliances with lower carbon emissions. Compared with the other modes of heating systems currently available, heat pumps are significant for substantial and immediate carbon reductions. As a result, major consumer appliances vendors are striving to reduce the emission level of greenhouse gases in the environment by developing more climate-friendly solutions with smart technology in the market.
Designing pool heat pumps as per the smart demand response is one of them. For instance, the Fairland INVERX series swimming pool heat pump, whose intelligent control system is supported by TurboSilence® Inverter technology, can efficiently adjust the pool temperature in a super fast and ultra-quiet way. It provides 120% heating capacity for rapid heating, features 15 times quiet and 3 times energy saving with a maximum COP of 16.5, making it the ideal low-carbon green pool heating solution for every home. Besides, Fairland leverages the built-in Wi-Fi control system with the mobile application Fairland Smart Pool. It enables end-users to adjust temperature settings and obtain pool statistics anytime, anywhere.
Time to Grasp the Next Big Opportunity with Industry
Thanks to the favorable policies by governments supporting the use of renewable energy and the prevention of greenhouse gas emissions in the atmosphere, it will eventually drive the development of the heat pump market. According to Arizton, pool heat pumps are the next great opportunity for the pool heating industry, which is expected to ship more than 1.5 million units by 2027. As a technological innovator in the pool heat pump industry, Fairland will spare no effort to make a significant and sustainable contribution and work with global market players to drive the industry forward. If you are interested in Fairland's intelligent green pool heating solutions, please feel free to contact the Fairland team via email at email@example.com.
* Source reference and data from Arizton Advisory & Intelligence