Water Heater Market in North America 2016-2020

  • ID: 3883940
  • Report
  • Region: America, North America, United States
  • 66 pages
  • TechNavio
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FEATURED COMPANIES

  • A. O. Smith
  • Bosch
  • Eccotemp Systems
  • GE
  • Midea Group
  • TekSupply
  • MORE

About the Water Heater Market in North America

The demand for heating appliances is considerably high in most North American countries owing to the cold weather conditions prevailing in the region. Also, in recent years, it has been noted that the winter season in the region is getting affected by El Niño, which brings in unpredictable weather, flooding, and harsh wet winter. This unpredictable changing weather pattern is a common phenomenon throughout the year and is triggering the demand for heating appliances year-round. A water heater is one such heating appliance that has become a basic necessity in more than 97% households in the US.

The analysts forecast the water heater market in North America to grow at a CAGR of 3.13% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the water heater market in North America for 2016-2020. To calculate the market size, the report has taken into consideration the revenue generated from the retail sales of different types of water heaters to the residential segment. The report does not include commercial water heaters used for residential purpose.

The report, Water Heater Market in North America 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

  • A. O. Smith
  • Bradford White
  • Rheem

Other prominent vendors

  • AERCO International
  • American Water Heaters
  • Bromic
  • Bosch
  • Eccotemp Systems
  • ECR International
  • Electrolux
  • GE
  • Kenmore
  • Marey
  • Midea Group
  • Noritz
  • TekSupply
  • Waiwela
  • Whirlpool

Market drivers

  • Emergency replacement and upgrade replacement purchases
  • For a full, detailed list, view the full report

Market challenges

  • Stringent government regulations
  • For a full, detailed list, view the full report

Market trends

  • Retrofitted technology for water heaters
  • For a full, detailed list, view the full report

Key questions answered in this report

  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • A. O. Smith
  • Bosch
  • Eccotemp Systems
  • GE
  • Midea Group
  • TekSupply
  • MORE
Part 01: Executive summary
  • Highlights
Part 02: Scope of the report
  • Market overview
  • Top-vendor offerings
Part 03: Market research methodology
  • Research methodology
  • Economic indicators
Part 04: Introduction
  • Key market highlights
Part 05: Market landscape
  • Market overview
  • Overall water heater market in North America
  • Distribution channels
  • Important characteristics when buying or considering buying water heaters
  • Consumer insights
  • Market size and forecast
Part 06: Market segmentation by product
  • Storage water heaters
  • Tankless water heaters
  • Other forms that are available as storage and tankless
Part 07: Segmentation by fuel type
  • Electric and gas water heaters
  • Solar water heaters
Part 08: Key leading countries
  • US
  • Canada and Mexico
Part 09: Market drivers
  • Changing bathroom designs driving upgrade purchases
  • Emergency replacement and upgrade replacement purchases
  • Demand for instantaneous water heaters with low heating time and ease of use
Part 10: Impact of drivers

Part 11: Market challenges
  • Commoditization of storage water heaters
  • Stringent government regulations
Part 12: Impact of drivers and challenges

Part 13: Market trends
  • Green trends and cost saving benefits of solar forms influencing second purchases
  • Retrofitted technology for water heaters
  • Demand and availability of smart connected water heaters
Part 14: Vendor landscape
  • Competitive landscape
  • Strategies adopted by players
  • Considerations and recommendations to improve adoption of water heaters in North America
  • Key product improvements that manufacturers are working on
  • Other prominent vendors
Part 15: Key vendor analysis
  • O. Smith
  • Bradford White
  • Rheem
Part 16: Appendix
  • List of abbreviations
Part 17: About the Author

List of Exhibits:
Exhibit 01: Product offerings
Exhibit 02: Types of water heaters available in market
Exhibit 03: Comparison of new and replaced water heaters by fuel type
Exhibit 04: New privately owned housing units started in US 2012-2014
Exhibit 05: Water heater sales in US (replacement and new construction purchase in terms of units) 2000-2014
Exhibit 06: Comparison of sales of water heaters through replacement and new construction in terms of installers and retailers
Exhibit 07: Retail distribution channels
Exhibit 08: Supply chain for water heater distribution by manufacturers
Exhibit 09: Sources of information that consumers consider when purchasing a water heater
Exhibit 10: Water heater market in North America 2015-2020 ($ billions)
Exhibit 11: Water heater market in North America by product type 2015 (%)
Exhibit 12: Water heater market in North America by product type 2020 (%)
Exhibit 13: Storage water heater market in North America 2016-2020 ($ billions)
Exhibit 14: Comparing electric and gas tankless water heaters
Exhibit 15: Tankless water heater market in North America 2016-2020 ($ millions)
Exhibit 16: Water heater market in North America by fuel type 2015 (%)
Exhibit 17: Water heater market in North America by fuel type 2020 (%)
Exhibit 18: Market share of vendors in US by value 2015 (%)
Exhibit 19: New privately owned housing units started in US 2012-2014
Exhibit 20: Average annual temperature in US states (°Fahrenheit)
Exhibit 21: GDP per capita in US 2010-2014 ($)
Exhibit 22: GDP growth in US 2010-2014 (annual %)
Exhibit 23: Consumption of energy (electricity) by different appliances used in US households
Exhibit 24: Impact of drivers
Exhibit 25: Impact of drivers and challenges
Exhibit 26: Comparing water heater players in terms of products sold
Exhibit 27: Areas of R&D focus in water heater industry
Exhibit 28: A. O. Smith: Business overview
Exhibit 29: A. O. Smith: Performance indicators 2015
Exhibit 30: A. O. Smith: Product overview in water heater market in North America
Exhibit 31: Bradford White: Product overview in water heater market in North America
Exhibit 32: Bradford White: Strength and weakness
Exhibit 33: Product overview
Exhibit 34: Rheem: Strength and weakness
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • A. O. Smith
  • Bosch
  • Eccotemp Systems
  • GE
  • Midea Group
  • TekSupply
  • MORE
New Report Released: – Water Heater Market in North America 2016-2020

The author of the report recognizes the following companies as the key players in the water heater market in North America: A. O. Smith, Bradford White, Rheem, AERCO International, American Water Heaters, Bromic, Bosch, Eccotemp Systems, ECR International, Electrolux, GE, Kenmore, Marey, Midea Group, Noritz, TekSupply, Waiwela, Whirlpool.

Commenting on the report, an analyst from the research team said: “A trend influencing market growth is retrofit technology for water heaters. As most of the water heater purchases made are replacement purchases during an emergency, most users do not have the window to choose water heaters that best fit their requirements and are energy-efficient. So, in order to avoid this hassle, players are opting for retrofit technology to their models. Through this, old-fashioned technology can be made up to date with the latest technique depending on the feasibility.”

According to the report, a key growth driver is emergency replacement and upgrade replacement purchases by consumers. The water heater market in the US, especially for the storage type water heaters, is highly saturated. However, the market is largely driven by emergency and upgrade replacement purchases as these products are considered as a necessity in almost all US households and consumers are more willing to fix a broken water heater or switch to energy-efficient water heaters. Purchase decision is also influenced by the type of fuel source used for water heating in households.

Further, the report states that one challenge that could hamper market growth is stringent government regulations introduced by the DOE. This would create challenges for installers as well as wholesalers to adjust with the size change. Also, adhering to the new size requirement will create storage and transport concerns for manufacturers as the implied cost will increase. Manufacturers would have to invest further to train and create awareness among their employees and wholesalers.

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.
Note: Product cover images may vary from those shown
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  • A. O. Smith
  • Bradford White
  • Rheem
  • AERCO International
  • American Water Heaters
  • Bromic
  • Bosch
  • Eccotemp Systems
  • ECR International
  • Electrolux
  • GE
  • Kenmore
  • Marey
  • Midea Group
  • Noritz
  • TekSupply
  • Waiwela
  • Whirlpool
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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