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The water heater market is forecasted to grow by USD 8.05 billion during 2023-2028, accelerating at a CAGR of 5.97% during the forecast period. The report on the water heater market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for tankless water heaters, increasing demand from commercial end-user segment, and government initiatives promoting energy-efficient heating solutions.
The water heater market is segmented as below:
By End-user
- Residential
- Commercial
- Industrial
By Distribution Channel
- Specialty stores
- Department stores hypermarkets and supermarkets
- Online retailers
- Others
By Type
- Electric
- Gas
- Solar
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
The report on the water heater market covers the following areas:
- Water heater market sizing
- Water heater market forecast
- Water heater market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Distribution Channel
8 Market Segmentation by Type
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Opportunity/Restraints
12 Competitive Landscape
13 Competitive Analysis
14 Appendix
360 degree market analysis
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global water heater market: A. O. Smith Corp., AB Electrolux, Ariston Holding NV, Bradford White Corp., Ferroli Spa, Guangdong Vanward New Electric Co. Ltd., Haier Smart Home Co. Ltd., Havells India Ltd., Jaquar India, Hangzhou Kangquan Water Heater Co. Ltd., Lennox International Inc., Midea Group Co. Ltd., Noritz Corp., Rheem Manufacturing Co., Rinnai Corp., Robert Bosch GmbH, STIEBEL ELTRON GmbH and Co. KG, Transform Holdco LLC, Vaillant GmbH, Viessmann Climate Solutions SE, and Whirlpool Corp..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is smart and connected kitchens."
According to the report, one of the major drivers for this market is the increasing demand for tankless water heaters.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- A. O. Smith Corp.
- AB Electrolux
- Ariston Holding NV
- Bradford White Corp.
- Ferroli Spa
- Guangdong Vanward New Electric Co. Ltd.
- Haier Smart Home Co. Ltd.
- Havells India Ltd.
- Jaquar India
- Hangzhou Kangquan Water Heater Co. Ltd.
- Lennox International Inc.
- Midea Group Co. Ltd.
- Noritz Corp.
- Rheem Manufacturing Co.
- Rinnai Corp.
- Robert Bosch GmbH
- STIEBEL ELTRON GmbH and Co. KG
- Transform Holdco LLC
- Vaillant GmbH
- Viessmann Climate Solutions SE
- Whirlpool Corp.
