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Water Heater Market Segments: by Product Type (Solar, Electric, and Gas) ; by Application (Residential, Industrial, and Commercial) and Region-Global Analysis of Market Size, Share & Trends for 2019 - 2020 and Forecasts to 2030

Publisher Name :
Date: 01-Aug-2021
No. of pages: 153

Product Overview

Water heater Market is an electrical appliance used for various purposes t- heat water. Several kinds of heaters are used in houses, storage heaters, and electric heaters, such as electric rods. Energy efficiency and small design are essential characteristics for heating water. The electric geysers have become very popular for domestic use. In many industrial sectors, water heaters powered by solar and geothermal technologies are integrated. Some common water heaters include immersion heaters, instant heaters, storage heaters, gas heaters, solar and solar heaters, and heaters for pumps, etc.

Market Highlights

Global Water heater Market is expected t- project a notable CAGR of 4.2 % in 2030.

Global Water heater market t- surpass USD XXXX million by 2030 from USD XXXX million in 2020 at a CAGR of 4.2% in the coming years, i.e., 2021-30. The growth of the global water heating industry will be influenced by higher consumption spending in the property sector coupled with growing renovation work in the existing construction infrastructure. The business landscape will enhance the growing demand for energy-efficient heating equipment together with growing research, improvement, design, and product developments. Additionally, current incentive schemes for the Government are intended t- encourage the penetration of the product by financing commercial infrastructure consisting of airports, hospitals, and educational institutions.

Global Water Heater Market: Segments

Solar segment t- grow with the highest CAGR during 2020-30

Global Water heater Market is segmented by Product Type int- Solar, Electric, and Gas. During the projected timeline, Electric segment is expected t- have the highest market share. Electric water heaters dominated the market in 2019, accounting for XX% of revenue, attributable t- increasing electrification rates, especially in Asia Pacific and African economies. Over the projected timeframe, demand for electric water heaters is expected t- grow due t- rising electrification rates and increased market accessibility. Due t- rising market demand for energy-efficient and environmentally friendly water heating systems, solar water heaters are expected t- rise at a CAGR of XX% from 2020 t- 2030. Growing product manufacturers' emphasis on designing new systems and solutions that are more effective is likely t- push the market forward.

Residential segment t- grow with the highest CAGR during 2020-30

Global Water heater Market is divided

By Application int- Residential, industrial, and commercial. The residential sector was market leader and accounted for XX% of worldwide revenues in 2020. The demand for water heaters in the residential sector is expected t- be driven by factors like rising availability revenue, rapid development of residential infrastructures, the increase of electricity, and enhancing the piped gas network, especially in different developing countries.

Global Water Heater Market Dynamics

Drivers

Growing demand for instant heating technologies

Increased use of instant heating technologies due t- the main advantages offered, which include low standby losses and high supply performance, is designed t- support market demand compared t- traditional storage systems. The growing demand across the business applications will favorably boost the global water heating industry due t- the advanced monitoring features including Wi-Fi among others.

Expansion of grid infrastructure

With continuous grid infrastructure expansion and increased contact point for consumers, the electric water heater market will grow. The industrial landscape will be complemented by a considerable improvement in grid effectiveness and the availability of constant energy supplies. Furthermore, the major advantages of low maintenance requirements, low restraint losses, and easy installation compared t- gas-fired units will help t- support global water heating trends.

Restraint

Rising prices of electricity

Rising cost of electricity and availability of power sources throughout the region may hinder the market growth. Since power is not available in many regions thus it becomes less feasible for people t- use this technology. Moreover, the constant rising prices of electricity and gas have limited the market growth t- some extent. Solar-powered water heaters are a good substitute but the initial cost of setting the unit is comparatively high.-

Global Water Heater Market: Key Players

A.O. Smith

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

Robert Bosch LLC

Ariston Therm- SpA

Rheem Manufacturing Company

Rinnai Corporation

Bradford White Corporation

NORITZ Corporation

Whirlpool Corporation

Westinghouse Electric Corporation

Bajaj Electricals Ltd

Haier Inc.

Havells India Ltd

Lennox International Inc.

FERROLI S.p. A

Kenmore

Other Prominent Players

Global Water heater Market: Regions

Global Water heater Market is segmented based on regional analysis int- five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.

During the projected timeline, APAC ought t- have the highest share in the total market for Water heater. This market has been segmented int- China, Japan, South Korea, and APAC's Rest (RoAPAC). RoAPAC contains Singapore, Thailand, Malaysia, India, New Zealand, and Australia. In combination with the increased availability of gas and electricity in rural areas, the economic development in countries such as China and India are anticipated t- boost demand for water heaters during the projected timeframe. Over the projected timeframe, the European water heating market is expected t- be XX% CAGR. This increase can be explained by a growing demand from multiple commercial and industrial consumers for better and reliable water heaters. In addition, due t- extreme cold weather in the area, hot water is likely t- propel product demand t- fulfill the necessary ambient conditions.

Global Water Heater Market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - Mexico, Argentina, Brazil and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe

Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC

Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - North Africa, Israel, GCC, South Africa and Rest of MENA

Global Water heater Market report als- contains analysis on:

Water Heater Market Segments:

By Product Type:

Solar

Electric

Gas

By Application

Residential

Industrial

commercial

Water heater market Dynamics

Water heater market Size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

Water Heater Market Segments: by Product Type (Solar, Electric, and Gas) ; by Application (Residential, Industrial, and Commercial) and Region-Global Analysis of Market Size, Share & Trends for 2019 - 2020 and Forecasts to 2030

Table of Contents

1. Executive Summary
2. Global Water heater Market
1. Product Overview
2. Market Definition
3. Segmentation
4. Assumptions and Acronyms
3. Research Methodology
1. Research Objectives
2. Primary Research
3. Secondary Research
4. Forecast Model
5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
1. Growth Drivers
2. Restraints
3. Opportunity
4. Trends
7. Correlation & Regression Analysis
1. Correlation Matrix
2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
1. Demand Risk Analysis
2. Supply Risk Analysis
10. Global Water heater Market Analysis
1. Porters Five Forces
1. Threat of New Entrants
2. Bargaining Power of Suppliers
3. Threat of Substitutes
4. Rivalry
2. PEST Analysis
1. Political
2. Economic
3. Social
4. Technological
11. Global Water heater Market
1. Market Size & forecast, 2020A-2030F
1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. Global Water heater Market: Market Segmentation
1. By Regions
1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. By End user vertical: Market Share (2020-2030F)
1. Solar, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Electric, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Gas, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. By Application: Market Share (2020-2030F)
1. Residential, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. industrial, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. commercial, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030
Company Profile
1. A.O Smith
1. Company Overview
2. Company Total Revenue (Financials)
3. Market Potential
4. Global Presence
5. Key Performance Indicators
6. SWOT Analysis
7. Product Launch
2. Robert Bosch LLC
3. Ariston Thermo SpA
4. Rheem Manufacturing Company
5. Rinnai Corporation
6. Bradford White Corporation
7. NORITZ Corporation
8. Whirlpool Corporation
9. Westinghouse Electric Corporation
10. Bajaj Electricals Ltd
11. Haier Inc.
12. Havells India Ltd
13. Lennox International Inc.
14. FERROLI S.p.A
15. Kenmore
16. Other Prominent Players
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
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