Global Water Heater Market, By Product (Instant, Storage), Capacity (< 30 Liters, 30-100 Liters, 100-250 Liters, 250-400 Liters, >400 Liters), Application (Residential, Commercial), Fuel (Natural gas, LPG), Product Type (Solar Heaters, Electric Heaters, Gas & Propane Heaters, Geothermal Heaters), Storage Type (Storage Heater, Tankless Heater, Hybrids (Heat Pump) Heater) Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Global Water Heater Market
The water heater market is expected to be growing at a growth rate of 5.06% in forecast period of 2022 to 2029.
Water heater is a device which uses energy sources so that they can heat water above to their natural temperature. They can be used for various purposes such as cooking, bathing and other activities.
The rapid technological progress is the major factor accelerating the growth of the water heater market. Furthermore, rising demand for water heating systems, growing disposable income, growing government initiatives to improve the usage of solar water heaters, and high growth in construction and business industry are also expected to drive the growth of the water heater market. However high electricity price, and high installation cost can restrain the water heater market growth, whereas the problem related with the quality and energy efficiency will challenge the market growth.
In addition, growing population and urbanization as well as the high demand for energy efficient water heaters and its trending application will create ample opportunities for the water heater market.
This water heater market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on water heater market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Water Heater Market Scope and Market Size
The water heater market is segmented on the basis of product, capacity, application, fuel, product type, and storage type. The growth amongst these segments will help you analyze mearge growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the water heater market is segmented into instant and storage.
- Capacity segment of the water heater market is divided into < 30 liters, 30-100 liters, 100-250 liters, 250-400 liters and > 400 liters.
- Based on application, the water heater market is divided into residential and commercial. Commercial segment is divided into college/university, office and government/military.
- Fuel segment of the water heater market is divided into natural gas and LPG.
- Based on product type, the water heater market is segmented into solar heaters, electric heaters, gas & propane heaters and geothermal heaters.
- Storage type segment of the water heater market is divided into storage heater, tankless heater and hybrids (heat pump) heater.
Water Heater Market Country Level Analysis
The water heater market is analyzed and market size insights and trends are provided by country, product, capacity, application, fuel, product type, and storage type as referenced above.
The countries covered in the water heater market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North-America dominates the water heater market due to growing demand for energy efficient systems and increasing advancement to decrease the environmental concern is expected to accelerate the demand for water heater in the region. Asia-Pacific region is expected to hold the largest growth rate due growing population and urbanization in the region.
The country section of the water heater market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Water Heater Market Share Analysis
The water heater market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to water heater market.
The major players operating in the water heater market report are Rinnai Corporation., HTP Comfort Solutions LLC., Bradford White Corporation, Noritz America, Haier Inc., Ariston Thermo SPA, Rheem Manufacturing Company, BSH Home Appliances Group, A. O. Smith India Water Products Pvt. Ltd., GE Appliances, Bajaj Electricals Ltd, Alternate Energy Technologies, LLC., Chromagen Australia Pty Ltd, V-GUARD INDUSTRIES LTD., Racold, Robert Bosch LLC, LINUO RITTER INTERNATIONAL CO. LTD and Westinghouse Electric Corporation, among others.