| Product Code: ETC5757972 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The heat pump water heater import market in Croatia continues to see significant growth, with a high Herfindahl-Hirschman Index indicating a concentrated market. In 2024, top exporters to Croatia include China, Italy, Austria, Turkey, and Poland. The industry has experienced a strong compound annual growth rate of 16.38% from 2020 to 2024, with a notable growth rate of 35.54% in 2024 alone. These trends suggest a continued demand for heat pump water heaters in Croatia and highlight the competitive landscape among key exporting countries.
The heat pump water heater market in Croatia is experiencing growth due to increasing energy efficiency awareness and the governments support for renewable energy technologies. Heat pump water heaters are becoming popular due to their lower energy consumption compared to traditional heating systems. The market is supported by incentives for residential and commercial energy efficiency upgrades, and the growing emphasis on reducing greenhouse gas emissions drives the adoption of these advanced heating solutions.
The heat pump water heater market in Croatia is driven by rising energy efficiency standards and increasing consumer awareness of environmentally friendly technologies. Heat pump water heaters are known for their lower energy consumption compared to traditional heating systems, which aligns with Croatia`s commitment to reducing greenhouse gas emissions. Government incentives and subsidies for energy-efficient appliances further boost market growth. Additionally, the growing interest in sustainable home improvement solutions among Croatian homeowners supports the adoption of heat pump water heaters.
The heat pump water heater market in Croatia faces challenges related to high initial installation costs, which can deter potential buyers despite the long-term energy savings. Additionally, there is a need for greater public awareness and education about the benefits of heat pump technology. The market also contends with competition from other heating technologies and varying levels of government incentives, which can impact market growth.
Government policies in Croatia support the heat pump water heater market through incentives for energy efficiency and renewable energy technologies. Subsidies and tax benefits for the installation of energy-efficient systems are part of the governments strategy to reduce energy consumption and greenhouse gas emissions. Additionally, regulatory frameworks ensure compliance with EU standards for energy performance and environmental impact.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Croatia Heat Pump Water Heater Market Overview |
3.1 Croatia Country Macro Economic Indicators |
3.2 Croatia Heat Pump Water Heater Market Revenues & Volume, 2021 & 2031F |
3.3 Croatia Heat Pump Water Heater Market - Industry Life Cycle |
3.4 Croatia Heat Pump Water Heater Market - Porter's Five Forces |
3.5 Croatia Heat Pump Water Heater Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Croatia Heat Pump Water Heater Market Revenues & Volume Share, By Storage, 2021 & 2031F |
3.7 Croatia Heat Pump Water Heater Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
4 Croatia Heat Pump Water Heater Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient and environmentally friendly heating solutions |
4.2.2 Government incentives and subsidies promoting the adoption of heat pump water heaters |
4.2.3 Growing awareness among consumers about the benefits of heat pump water heaters in reducing energy costs |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with heat pump water heaters |
4.3.2 Limited consumer awareness and understanding of heat pump technology |
4.3.3 Lack of skilled professionals for installation and maintenance of heat pump water heaters |
5 Croatia Heat Pump Water Heater Market Trends |
6 Croatia Heat Pump Water Heater Market Segmentations |
6.1 Croatia Heat Pump Water Heater Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Croatia Heat Pump Water Heater Market Revenues & Volume, By Air Source, 2021-2031F |
6.1.3 Croatia Heat Pump Water Heater Market Revenues & Volume, By Geothermal, 2021-2031F |
6.2 Croatia Heat Pump Water Heater Market, By Storage |
6.2.1 Overview and Analysis |
6.2.2 Croatia Heat Pump Water Heater Market Revenues & Volume, By Up to 500 L, 2021-2031F |
6.2.3 Croatia Heat Pump Water Heater Market Revenues & Volume, By 500? ??1000 L, 2021-2031F |
6.2.4 Croatia Heat Pump Water Heater Market Revenues & Volume, By Above 1000 L, 2021-2031F |
6.3 Croatia Heat Pump Water Heater Market, By Capacity |
6.3.1 Overview and Analysis |
6.3.2 Croatia Heat Pump Water Heater Market Revenues & Volume, By Up to 10 kW, 2021-2031F |
6.3.3 Croatia Heat Pump Water Heater Market Revenues & Volume, By 10-20 kW, 2021-2031F |
6.3.4 Croatia Heat Pump Water Heater Market Revenues & Volume, By 20-30 kW, 2021-2031F |
6.3.5 Croatia Heat Pump Water Heater Market Revenues & Volume, By 30-100 kW, 2021-2031F |
6.3.6 Croatia Heat Pump Water Heater Market Revenues & Volume, By 10? ??150 kW, 2021-2031F |
6.3.7 Croatia Heat Pump Water Heater Market Revenues & Volume, By Above 150 kW, 2021-2031F |
7 Croatia Heat Pump Water Heater Market Import-Export Trade Statistics |
7.1 Croatia Heat Pump Water Heater Market Export to Major Countries |
7.2 Croatia Heat Pump Water Heater Market Imports from Major Countries |
8 Croatia Heat Pump Water Heater Market Key Performance Indicators |
8.1 Energy efficiency rating of heat pump water heaters sold in the market |
8.2 Number of government policies and incentives supporting the adoption of heat pump water heaters |
8.3 Growth in the number of certified professionals in heat pump technology installation and maintenance |
8.4 Average payback period for consumers investing in heat pump water heaters |
8.5 Increase in the number of residential and commercial buildings opting for heat pump water heaters |
9 Croatia Heat Pump Water Heater Market - Opportunity Assessment |
9.1 Croatia Heat Pump Water Heater Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Croatia Heat Pump Water Heater Market Opportunity Assessment, By Storage, 2021 & 2031F |
9.3 Croatia Heat Pump Water Heater Market Opportunity Assessment, By Capacity, 2021 & 2031F |
10 Croatia Heat Pump Water Heater Market - Competitive Landscape |
10.1 Croatia Heat Pump Water Heater Market Revenue Share, By Companies, 2024 |
10.2 Croatia Heat Pump Water Heater Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |