Global Water Heater Market 2017-2021

  • ID: 4368918
  • Report
  • Region: Global
  • 78 pages
  • TechNavio
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Analysts forecast the global water heater market to grow at a CAGR of 6.03% during the period 2017-2021

FEATURED COMPANIES

  • A.O.Smith
  • Bosch
  • Bradford White
  • Eccotemp Systems
  • Electrolux
  • GENERAL ELECTRIC
  • MORE
About Water Heater

Analysts forecast the global water heater market to grow at a CAGR of 6.03% during the period 2017-2021

A water heater is one of the biggest consumers of energy in households, often exceeding energy consumed due to cooking, refrigeration, and lighting. Climate and culture influence the type and size of water heaters used in households and for commercial use. The global water heater market is driven by several growth factors such as the increasing demand for tankless water heaters due to their energy-efficiency and requirement of less storage space. The rising demand for solar water heaters is another major driver in the market. There is a growing demand for hybrid water heaters in the market due to the focus of vendors on developing energy-efficient hybrid water heaters.

Covered in this report

The report covers the present scenario and the growth prospects of the global water heater market for 2017-2021. To calculate the market size, the report considers the sales/volume/value and exclude new installations/shipments/ retrofit/replacement/spares/aftermarket/services market.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
Global Water Heater Market 2017-2021, 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
  • GENERAL ELECTRIC
  • Rheem Manufacturing Company
Other Prominent Vendors
  • Rinnai
  • Midea Group
  • Guangdong Vanward New Electric
  • Eccotemp Systems
  • Haier
  • Noritz
  • Bosch
  • Reliance Water Heater Company
  • HTP
  • Electrolux
Market Drivers
  • Increasing usage of solar water heaters
  • For a full, detailed list, view the full report
Market Challenges
  • High installation and maintenance cost
  • For a full, detailed list, view the full report
Market Trends
  • Emergence of hybrid water heaters
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 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?
You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.

Research methodology is based on extensive primary and secondary research:
  • Primary research includes in-depth interviews with industry experts, vendors, resellers and customers
  • Secondary research includes the publisher's platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by government agencies
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • A.O.Smith
  • Bosch
  • Bradford White
  • Eccotemp Systems
  • Electrolux
  • GENERAL ELECTRIC
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by distribution channel
  • Global water heater market by distribution channel
PART 07: Market segmentation by product
  • Global water heater market by product
  • Global electric water heater market
  • Global gas water heater market
  • Global solar water heater market
PART 08: Market segmentation by end-user
  • Global water heater market by end-user
  • Global residential water heater market
  • Global commercial water heater market
  • Global industrial water heater market
PART 09: Geographical segmentation
  • Global water heater market by geography
  • Water heater market in APAC
  • Water heater market in EMEA
  • Water heater market in Americas
PART 10: Key leading countries
  • Water heater market in China
  • Water heater market in US
  • Water heater market in Japan
  • Water heater market in Germany
PART 11: Decision framework

PART 12: Drivers and challenges
  • Market drivers
  • Market challenges
PART 13: Market trends
  • Arrival of smart water heaters
  • Emergence of hybrid water heaters
  • Rising number of M&A
PART 14: Vendor landscape
  • Competitive scenario
  • Other prominent vendors
PART 15: Key vendor analysis
  • A.O. Smith
  • Bradford White
  • GENERAL ELECTRIC
  • Rheem Manufacturing Company
PART 16: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Global small and major household appliances market 2016-2021 ($ billions)
Exhibit 02: Global water heater market 2016-2021 ($ billions)
Exhibit 03: Global water heater market: Five forces analysis
Exhibit 04: Global water heater market by distribution channel 2016 and 2021 (% share of revenue)
Exhibit 05: Global water heater market by distribution channel 2016 and 2021 ($ billions)
Exhibit 06: Global water heater market by product
Exhibit 07: Global water heater market by product 2016 and 2021 (% share of revenue)
Exhibit 08: Global electric water heater market by product
Exhibit 09: Global electric water heater market by product 2016 and 2021 (% share of revenue)
Exhibit 10: Global electric water heater market 2016-2021 ($ billions)
Exhibit 11: Global electric tankless water heater market 2016-2021 ($ billions)
Exhibit 12: Global electric storage water heater market 2016-2021 ($ billions)
Exhibit 13: Global gas water heater market by product
Exhibit 14: Global gas water heater market by product 2016 and 2021 (% share of revenue)
Exhibit 15: Global gas water heater market 2016-2021 ($ billions)
Exhibit 16: Global gas tankless water heater market 2016-2021 ($ billions)
Exhibit 17: Global gas storage water heater market 2016-2021 ($ billions)
Exhibit 18: Global solar water heater market 2016-2021 ($ billions)
Exhibit 19: Global water heater market by end-user 2016 and 2021 (% share of revenue)
Exhibit 20: Global residential water heater market 2016-2021 ($ billions)
Exhibit 21: Global commercial water heater market 2016-2021 ($ billions)
Exhibit 22: Global industrial water heater market 2016-2021 ($ billions)
Exhibit 23: Global water heater market by geography 2016 and 2021 (% share of revenue)
Exhibit 24: Water heater market in APAC 2016-2021 ($ billions)
Exhibit 25: Water heater market in EMEA 2016-2021 ($ billions)
Exhibit 26: Water heater market in Americas 2016-2021 ($ billions)
Exhibit 27: Global water heater market: Key leading countries in 2016 (% share of revenue)
Exhibit 28: Water heater market in China 2016-2021 ($ billions)
Exhibit 29: Water heater market in US 2016-2021 ($ billions)
Exhibit 30: Water heater market in Japan 2016-2021 ($ billions)
Exhibit 31: Water heater market in Germany 2016-2021 ($ billions)
Exhibit 32: A.O. Smith: Geographical segmentation 2015 and 2016 (% share revenue)
Exhibit 33: A.O. Smith: Geographical segmentation 2015 and 2016 ($ billions)
Exhibit 34: A.O. Smith: Business segmentation
Exhibit 35: A.O. Smith: Product overview
Exhibit 36: Bradford White: Business segmentation
Exhibit 37: Bradford White: Product overview
Exhibit 38: GENERAL ELECTRIC: Geographical segmentation 2016 (% share of revenue)
Exhibit 39: GENERAL ELECTRIC: Business segmentation 2016 (% share of revenue)
Exhibit 40: GENERAL ELECTRIC: Product overview
Exhibit 41: Rheem Manufacturing Company: Business segmentation
Exhibit 42: Rheem Manufacturing Company: Product overview
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • A.O.Smith
  • Bosch
  • Bradford White
  • Eccotemp Systems
  • Electrolux
  • GENERAL ELECTRIC
  • MORE
New Research Report - Global Water Heater Market 2017-2021

The publisher recognizes the following companies as the key players in the global water heater market: A.O.Smith, Bradford White, GENERAL ELECTRIC, and Rheem Manufacturing Company.

Other Prominent Vendors in the market are: Rinnai, Midea Group, Guangdong Vanward New Electric, Eccotemp Systems, Haier, Noritz, Bosch, Reliance Water Heater Company, HTP, and Electrolux.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is Emergence of hybrid water heaters. Hybrid water heaters are a mix of solar water heaters and conventional water heaters, which are manufactured to overcome the drawbacks of normal water heaters. This innovation has become popular in the market. Hybrid water heaters are more energy efficient and effective than conventional water heaters and standard solar water heaters. These water heaters use the latest technology and consume lesser energy than conventional water heaters.”

According to the report, one of the major drivers for this market is Increasing usage of solar water heaters. Conventional water heaters either use electricity or non-renewable energy sources like coal and gas. With the rising prices of these energy sources, end-users are increasingly adopting solar water heaters. This is driving the global water heater market. Solar water heaters require minimal maintenance cost and run on solar energy to produce hot water. This reduces their dependency on electricity and gas. Different campaigning initiatives and various government agencies educate consumers on the benefits of using solar water heaters. The governments of various countries such as China, Germany, and Japan have mandated the installation of solar water heaters in new buildings and constructions.

Further, the report states that one of the major factors hindering the growth of this market is High installation and maintenance cost. The initial cost of installing a water heater is higher than its alternatives. Maintenance costs associated with water heaters are also relatively high. This eliminates long-term cost benefits, thereby making it difficult for retailers to convince users to adopt water heaters. Consumers also face difficulties with installation and are skeptical about the complexity involved in operating these products. For instance, solar water heaters have their own specific installation requirements. This is because they need some free space to receive a minimum amount of sunlight to operate. Thus, the operation of a solar water heating equipment can be a difficult task, making the use of traditional water heating methods convenient.

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
  • GENERAL ELECTRIC
  • Rheem Manufacturing Company
  • Rinnai
  • Midea Group
  • Guangdong Vanward New Electric
  • Eccotemp Systems
  • Haier
  • Noritz
  • Bosch
  • Reliance Water Heater Company
  • HTP
  • Electrolux
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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