Heat pump water heaters are an environment-friendly and efficient hot water supply equipment, which is gradually favored in Vietnam market. The following are details of the market for heat pump water heaters in Vietnam:
Vietnam is a tropical country, but the winter temperature is still low, while the climate is dry, people need a lot of hot water. In this case, the heat pump water heater can provide a stable supply of hot water in winter, reducing the energy consumption and environmental pollution when people use the traditional water heater.
Market size: According to market research institutions, the market size of heat pump water heaters in Vietnam has grown from about 100,000 units in 2019 to about 160,000 units in 2021, with an annual growth rate of over 60%. Among them, household heat pump water heaters have occupied the dominant position in the market. Brand competition: Vietnam heat pump water heater market is mainly composed of domestic brands and imported brands. Domestic brands have certain advantages in price, while imported brands are more competitive in quality and technology.
Policy support: The Vietnamese government has been promoting the cause of environmental protection and energy conservation. As one of the representative products of energy conservation and environmental protection, the heat pump water heater has been concerned and supported by the government. The government has issued a number of policies to encourage residents to buy heat pump water heaters and provide corresponding subsidies and concessions. Consumer demand: Vietnamese consumers in the purchase of heat pump water heaters, generally will pay attention to price, quality, use of the effect and other factors.
At the same time, due to Vietnam’s tropical climate, consumers have certain requirements for the durability and adaptability of heat pump water heaters. Generally speaking, the development potential of the heat pump water heater market in Vietnam is great, but the market competition is also very fierce. Problems such as brand competition and price competition require enterprises to strengthen their own technology and service level improvement, as well as the support and guidance of the government to jointly promote the healthy development of the market.
Post time: Mar-23-2023