Market Analysis and Insights: Global Water Heater Market
Water heater market will reach an estimated valuation of USD 30.46 billion by 2027, while registering this growth at a rate of 5.06% for the forecast period of 2020 to 2027. Increasing demand for energy efficient water heaters and its trending applications are expected to create new opportunity for the market.
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.
Increasing urbanization worldwide & technological advancement is expected to enhance the market growth. Some of the other factors such as growing demand for water heating systems, rising disposable income, increasing government initiatives to enhance the usage of solar water heaters, and growth in construction & manufacturing industry will further drive the water heater market in the forecast period of 2020 to 2027.
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High electricity price, high installation cost, high maintenance and problem associated with the quality & energy efficiency is expected to hamper the market growth.
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 localised 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, geographical expansions, technological innovations in the market. To gain more info on Data Bridge Market Research water heater market contact us 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
Global Water heater market is segmented on the basis of product, capacity, application, fuel, product type, and storage type. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
• 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.
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Water Heater Market Country Level Analysis
Water heater market is analysed and market size, volume information is provided by 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 in the forecast period of 2020 to 2027. This is 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.
The country section of the 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.
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Competitive Landscape and Water Heater Market Share Analysis
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 covered 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., Westinghouse Electric Corporation, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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