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Global Water Heater Market Size study, by Product (Electric, Solar, Gas), By Technology (Tankless, Storage, Hybrid), By Capacity (Below 30 Liters, 30 - 100 Liters, 100 - 250 Liters 250 - 400 Liters, Above 400 Liters), By Application (Residential, Commercial, Industrial) and Regional Forecasts 2022-2028

August 2022 | 200 pages | ID: GB6278F2E193EN
Bizwit Research & Consulting LLP

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Global Water Heater Market is valued approximately USD 27.1 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.50% over the forecast period 2022-2028. Increased hot water consumption from numerous home uses such as washing, bathing, cleaning, and cooking drives the market for Water heaters. The company's reorganization of its operations and recovery from the COVID-19 impact, which had previously resulted in tight containment measures including remote working and the suspension of commercial activities, resulting in operational issues, are principally responsible for market growth. Furthermore, continuous government rules and investments in the growth of renewable technologies will increase industrial demand. Product demand is predicted to rise as a result of increased use of a varied range of these items in commercial and industrial sectors such as the processing and chemical industries. Rising hot water demand, mostly from hospitals and hotels, is predicted to fuel market growth. Significant investments in product research and development are likely to fuel demand for the electric segment. A.O. Smith and NORITZ Corporation, for example, invest in the creation of new items and technologies that improve the consumer experience while cutting operating costs. The development of items with properties such as corrosion resistance, water filtration, remote control, and monitoring is projected to boost market growth. Favorable steps to enhance air quality, as well as increased awareness of the usage of renewable solutions, are expected to drive demand for the solar category. Furthermore, the increasing emphasis of various industry participants on product aesthetics and design, along with continued industry competition, is expected to fuel industry expansion. The high cost of Water Heater, on the other hand, stifles market expansion throughout the projection period of 2022-2028.

The key regions considered for the Global Water Heater Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the water heater market due to a variety of variables including low inflation, high industrial output, and a well-balanced vaccination deployment. Over the projection period, increased gas and electricity supplies in China's semi-urban areas is predicted to raise demand for water heaters. In Europe, the market is predicted to grow at a CAGR during the forecast period due to increased demand for better and more dependable water heaters from various end-users, as well as the need for hot water to satisfy the essential environmental conditions due to the region's harsh winter weather. Rapid domestic and international migration in North America has raised housing demand, resulting in increased residential building. The need for hot water in industries, as well as the function of water heaters in a well-established industrial infrastructure, is predicted to boost demand for water heaters in the North America area.

Major market player included in this report are:
A.O. Smith
Robert Bosch LLC
Ariston Thermo SpA
Rheem Manufacturing Company
Rinnai Corporation
Bradford White Corporation
NORITZ Corporation
Whirlpool Corporation
Westinghouse Electric Corporation
Bajaj Electricals Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Electric
Solar
Gas

By Technology:
Tankless
Storage
Hybrid

By Capacity:
Below 30 Liters
30 - 100 Liters
100 - 250 Liters
250 - 400 Liters
Above 400 Liters

By Application
Residential
Commercial
Industrial

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Water Heater Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
  1.2.1. Water Heater Market, by Region, 2020-2028 (USD Billion)
  1.2.2. Water Heater Market, by Product, 2020-2028 (USD Billion)
  1.2.3. Water Heater Market, by Technology, 2020-2028 (USD Billion)
  1.2.4. Water Heater Market, by Capacity, 2020-2028 (USD Billion)
  1.2.5. Water Heater Market, by Application, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL WATER HEATER MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL WATER HEATER MARKET DYNAMICS

3.1. Water Heater Market Impact Analysis (2020-2028)
  3.1.1. Market Drivers
    3.1.1.1. Increasingly hot water demand from various residential applications
    3.1.1.2. Growing government regulations and expenditures on the spread of renewable gadgets
  3.1.2. Market Challenges
    3.1.2.1. High Cost of Water Heater
  3.1.3. Market Opportunities
    3.1.3.1. Rising hot water demand, mostly from hospitals and hotels

CHAPTER 4. GLOBAL WATER HEATER MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies

CHAPTER 5. RISK ASSESSMENT: COVID-19 IMPACT

  5.1.1. Assessment of the overall impact of COVID-19 on the industry
  5.1.2. Pre COVID-19 and post COVID-19 Market scenario

CHAPTER 6. GLOBAL WATER HEATER MARKET, BY PRODUCT

6.1. Market Snapshot
6.2. Global Water Heater Market by Product, Performance - Potential Analysis
6.3. Global Water Heater Market Estimates & Forecasts by Product 2018-2028 (USD Billion)
6.4. Water Heater Market, Sub Segment Analysis
  6.4.1. Electric
  6.4.2. Solar
  6.4.3. Gas

CHAPTER 7. GLOBAL WATER HEATER MARKET, BY TECHNOLOGY

7.1. Market Snapshot
7.2. Global Water Heater Market by Technology, Performance - Potential Analysis
7.3. Global Water Heater Market Estimates & Forecasts by Technology 2018-2028 (USD Billion)
7.4. Water Heater Market, Sub Segment Analysis
  7.4.1. Tankless
  7.4.2. Storage
  7.4.3. Hybrid

CHAPTER 8. GLOBAL WATER HEATER MARKET, BY CAPACITY

8.1. Market Snapshot
8.2. Global Water Heater Market by Capacity, Performance - Potential Analysis
8.3. Global Water Heater Market Estimates & Forecasts by Capacity 2018-2028 (USD Billion)
8.4. Water Heater Market, Sub Segment Analysis
  8.4.1. Below 30 Liters
  8.4.2. 30 - 100 Liters
  8.4.3. 100 - 250 Liters
  8.4.4. 250 - 400 Liters
  8.4.5. Above 400 Liters

CHAPTER 9. GLOBAL WATER HEATER MARKET, BY APPLICATION

9.1. Market Snapshot
9.2. Global Water Heater Market by Application, Performance - Potential Analysis
9.3. Global Water Heater Market Estimates & Forecasts by Application 2018-2028 (USD Billion)
9.4. Water Heater Market, Sub Segment Analysis
  9.4.1. Residential
  9.4.2. Commercial
  9.4.3. Industrial

CHAPTER 10. GLOBAL WATER HEATER MARKET, REGIONAL ANALYSIS

10.1. Water Heater Market, Regional Market Snapshot
10.2. North America Water Heater Market
  10.2.1. U.S. Water Heater Market
    10.2.1.1. Product breakdown estimates & forecasts, 2018-2028
    10.2.1.2. Technology breakdown estimates & forecasts, 2018-2028
    10.2.1.3. Capacity breakdown estimates & forecasts, 2018-2028
    10.2.1.4. Application breakdown estimates & forecasts, 2018-2028
  10.2.2. Canada Water Heater Market
10.3. Europe Water Heater Market Snapshot
  10.3.1. U.K. Water Heater Market
  10.3.2. Germany Water Heater Market
  10.3.3. France Water Heater Market
  10.3.4. Spain Water Heater Market
  10.3.5. Italy Water Heater Market
  10.3.6. Rest of Europe Water Heater Market
10.4. Asia-Pacific Water Heater Market Snapshot
  10.4.1. China Water Heater Market
  10.4.2. India Water Heater Market
  10.4.3. Japan Water Heater Market
  10.4.4. Australia Water Heater Market
  10.4.5. South Korea Water Heater Market
  10.4.6. Rest of Asia Pacific Water Heater Market
10.5. Latin America Water Heater Market Snapshot
  10.5.1. Brazil Water Heater Market
  10.5.2. Mexico Water Heater Market
10.6. Rest of The World Water Heater Market

CHAPTER 11. COMPETITIVE INTELLIGENCE

11.1. Top Market Strategies
11.2. Company Profiles
  11.2.1. A.O. Smith
    11.2.1.1. Key Information
    11.2.1.2. Overview
    11.2.1.3. Financial (Subject to Data Availability)
    11.2.1.4. Product Summary
    11.2.1.5. Recent Developments
  11.2.2. Robert Bosch LLC
  11.2.3. Ariston Thermo SpA
  11.2.4. Rheem Manufacturing Company
  11.2.5. Rinnai Corporation
  11.2.6. Bradford White Corporation
  11.2.7. NORITZ Corporation
  11.2.8. Whirlpool Corporation
  11.2.9. Westinghouse Electric Corporation
  11.2.10. Bajaj Electricals Ltd.

CHAPTER 12. RESEARCH PROCESS

12.1. Research Process
  12.1.1. Data Mining
  12.1.2. Analysis
  12.1.3. Market Estimation
  12.1.4. Validation
  12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Water Heater Market, report scope
TABLE 2. Global Water Heater Market estimates & forecasts by Region 2018-2028 (USD Billion)
TABLE 3. Global Water Heater Market estimates & forecasts by Product 2018-2028 (USD Billion)
TABLE 4. Global Water Heater Market estimates & forecasts by Technology 2018-2028 (USD Billion)
TABLE 5. Global Water Heater Market estimates & forecasts by Capacity 2018-2028 (USD Billion)
TABLE 6. Global Water Heater Market estimates & forecasts by Application 2018-2028 (USD Billion)
TABLE 7. Global Water Heater Market by segment, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 8. Global Water Heater Market by region, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 9. Global Water Heater Market by segment, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 10. Global Water Heater Market by region, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 11. Global Water Heater Market by segment, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 12. Global Water Heater Market by region, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 13. Global Water Heater Market by segment, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 14. Global Water Heater Market by region, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 15. Global Water Heater Market by segment, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 16. Global Water Heater Market by region, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 17. U.S. Water Heater Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 18. U.S. Water Heater Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 19. U.S. Water Heater Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 20. Canada Water Heater Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 21. Canada Water Heater Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 22. Canada Water Heater Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 23. UK Water Heater Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 24. UK Water Heater Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 25. UK Water Heater Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 26. Germany Water Heater Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 27. Germany Water Heater Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 28. Germany Water Heater Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 29. RoE Water Heater Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 30. RoE Water Heater Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 31. RoE Water Heater Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 32. China Water Heater Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 33. China Water Heater Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 34. China Water Heater Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 35. India Water Heater Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 36. India Water Heater Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 37. India Water Heater Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 38. Japan Water Heater Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 39. Japan Water Heater Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 40. Japan Water Heater Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 41. RoAPAC Water Heater Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 42. RoAPAC Water Heater Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 43. RoAPAC Water Heater Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 44. Brazil Water Heater Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 45. Brazil Water Heater Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 46. Brazil Water Heater Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 47. Mexico Water Heater Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 48. Mexico Water Heater Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 49. Mexico Water Heater Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 50. RoLA Water Heater Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 51. RoLA Water Heater Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 52. RoLA Water Heater Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 53. Row Water Heater Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 54. Row Water Heater Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 55. Row Water Heater Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 56. List of secondary sources, used in the study of global Water Heater Market
TABLE 57. List of primary sources, used in the study of global Water Heater Market
TABLE 58. Years considered for the study
TABLE 59. Exchange rates considered

LIST OF FIGURES

FIG 1. Global Water Heater Market, research methodology
FIG 2. Global Water Heater Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Water Heater Market, key trends 2021
FIG 5. Global Water Heater Market, growth prospects 2022-2028
FIG 6. Global Water Heater Market, porters 5 force model
FIG 7. Global Water Heater Market, pest analysis
FIG 8. Global Water Heater Market, value chain analysis
FIG 9. Global Water Heater Market by segment, 2018 & 2028 (USD Billion)
FIG 10. Global Water Heater Market by segment, 2018 & 2028 (USD Billion)
FIG 11. Global Water Heater Market by segment, 2018 & 2028 (USD Billion)
FIG 12. Global Water Heater Market by segment, 2018 & 2028 (USD Billion)
FIG 13. Global Water Heater Market by segment, 2018 & 2028 (USD Billion)
FIG 14. Global Water Heater Market, regional snapshot 2018 & 2028
FIG 15. North America Water Heater Market 2018 & 2028 (USD Billion)
FIG 16. Europe Water Heater Market 2018 & 2028 (USD Billion)
FIG 17. Asia pacific Water Heater Market 2018 & 2028 (USD Billion)
FIG 18. Latin America Water Heater Market 2018 & 2028 (USD Billion)
FIG 19. Global Water Heater Market, company Market share analysis (2021)

















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