Water Heater Market Overview:
The global water heater market was valued at $32,603 million in 2017 and is projected to reach at $48,519 million by 2025, growing at a CAGR of 5.1% from 2018 to 2025. A water heater is a heating device that uses energy from various external sources and transfers it to heat the water. It is mostly used for purposes such as bathing, cleaning, cooking, and space heating. Water heater comes in various type such as gas-based water heater, instant water heaters, storage water heaters, and solar water heater. The selection of a proper water heater depends upon several important factors such as the type of building that it is to be installed into availability of fuel types requirements of the householder, storage and distribution temperature, fuel cost and efficiency of the system, installation and maintenance cost, and safety of the user.
Moreover, consumer inclination towards the adoption of energy efficient systems, favorable government subsidies encouraging the use of solar water heaters have boosted the growth of the water heater market. Furthermore, rise in number of hospitals and hotels, and increase in population and improved infrastructure in rural areas is anticipated to fuel the growth of the global water heater market. However, frequent outages and electricity shortage (in developing countries), technical issues, and rising electricity prices and high operating costs of electric water heaters may restrain the market growth.
The report segments the global water heater market based on type, application, and distribution channel. By type, the market is divided into gas, instant, storage, and solar. Based on application, it is classified into commercial, residential, and industrial. By distribution, it is categorized into supermarket/hypermarket, specialty stores, e-commerce, and others.
The key players of the global water heater industry profiled in the report include A. O. Smith Corporation, Ariston Thermo SPA, Bajaj Electricals Limited, Bradford White Corporation, Haier Electronics Group Co., Ltd, Noritz Corp, Rheem Manufacturing Company, Rinnai Corporation, Robert Bosch GmbH, and Venus Home Appliances (P) Ltd.
Key Benefits for Water Heater Market:
This report provides an extensive analysis of the current trends, emerging estimations, and dynamics of the global water heater market from 2018 to 2025.
The key countries in all the major regions are mapped based on their market shares.
Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier buyer network.
A comprehensive analysis of factors that drive and restrict the growth of the global water heater market is provided.
An in-depth analysis of the global water heater market helps to determine the prevailing market opportunities.
Water Heater Key Market Segments:
By Type
Gas
Instant
Storage
Solar
By Application
Commercial
Residential
Industrial
By Distribution channel
Supermarket/Hypermarket
Specialty Stores
E-Commerce
Others (Wholesalers, distributors)
The global water heater market was valued at $32,603 million in 2017 and is projected to reach at $48,519 million by 2025, growing at a CAGR of 5.1% from 2018 to 2025. A water heater is a heating device that uses energy from various external sources and transfers it to heat the water. It is mostly used for purposes such as bathing, cleaning, cooking, and space heating. Water heater comes in various type such as gas-based water heater, instant water heaters, storage water heaters, and solar water heater. The selection of a proper water heater depends upon several important factors such as the type of building that it is to be installed into availability of fuel types requirements of the householder, storage and distribution temperature, fuel cost and efficiency of the system, installation and maintenance cost, and safety of the user.
Moreover, consumer inclination towards the adoption of energy efficient systems, favorable government subsidies encouraging the use of solar water heaters have boosted the growth of the water heater market. Furthermore, rise in number of hospitals and hotels, and increase in population and improved infrastructure in rural areas is anticipated to fuel the growth of the global water heater market. However, frequent outages and electricity shortage (in developing countries), technical issues, and rising electricity prices and high operating costs of electric water heaters may restrain the market growth.
The report segments the global water heater market based on type, application, and distribution channel. By type, the market is divided into gas, instant, storage, and solar. Based on application, it is classified into commercial, residential, and industrial. By distribution, it is categorized into supermarket/hypermarket, specialty stores, e-commerce, and others.
The key players of the global water heater industry profiled in the report include A. O. Smith Corporation, Ariston Thermo SPA, Bajaj Electricals Limited, Bradford White Corporation, Haier Electronics Group Co., Ltd, Noritz Corp, Rheem Manufacturing Company, Rinnai Corporation, Robert Bosch GmbH, and Venus Home Appliances (P) Ltd.
Key Benefits for Water Heater Market:
This report provides an extensive analysis of the current trends, emerging estimations, and dynamics of the global water heater market from 2018 to 2025.
The key countries in all the major regions are mapped based on their market shares.
Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier buyer network.
A comprehensive analysis of factors that drive and restrict the growth of the global water heater market is provided.
An in-depth analysis of the global water heater market helps to determine the prevailing market opportunities.
Water Heater Key Market Segments:
By Type
Gas
Instant
Storage
Solar
By Application
Commercial
Residential
Industrial
By Distribution channel
Supermarket/Hypermarket
Specialty Stores
E-Commerce
Others (Wholesalers, distributors)
Frequently Asked Questions about the Global Water Heater Market
What is the estimated value of the Global Water Heater Market?
What is the growth rate of the Global Water Heater Market?
What is the forecasted size of the Global Water Heater Market?
Note: Product cover images may vary from those shown
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET LANDSCAPE
CHAPTER 4: WATER HEATER MARKET BY TYPE
CHAPTER 5: WATER HEATER MARKET BY APPLICATION
CHAPTER 6: WATER HEATER MARKET BY DISTRIBUTION CHANNEL
CHAPTER 7: WATER HEATER MARKET BY REGION
CHAPTER 8: COMPANY PROFILES
Note: Product cover images may vary from those shown
According to a new report titled, 'Water Heater Market by Type, Application and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,' the global water heater market size was estimated to be $32,603 million in 2017, and is projected to reach at $48,519 million by 2025, growing at a CAGR of 5.1% from 2018 to 2025. In 2017, the specialty stores segment accounted for the maximum share in the global water heater market.
A water heater, also known as geyser, is a heating device that utilizes energy from various external sources to heat water. Water heater is available in various types such as instant water heater, storage water heaters, gas-based water heaters, and solar water heater. The selection of a proper water heater depends upon several important factors such as the type of building that it is to be installed into, requirements of the householder, availability of fuel types, fuel cost and efficiency of the system, installation and maintenance cost, storage and distribution temperature, and user safety.
The growth of the global water heater market is driven by factors such as favorable government subsidies encouraging the use of solar water heaters, increase in numbers of hotels and hospitals, rise in disposable income of the consumers, and surge in concern among consumers regarding natural resources and energy. Moreover, rise in population and improved infrastructure in rural areas is expected to boost the global water heater market growth in the future.
Moreover, favorable government subsidies encouraging the use of solar water heaters, inclination of consumers towards the adoption of energy efficient systems have boosted the growth of the water heater market. Furthermore, rise in number of hospitals and hotels, and increase in population and improved infrastructure in rural areas is anticipated to fuel the growth of the global water heater market. However, and rising electricity prices and high operating costs of electric water heaters ,frequent outages and electricity shortage (in developing countries), and technical issues, may restrain the water heater market growth.
However, technical issues, rise in electricity prices, and frequent outages and electricity shortage in developing countries act as the major restraints for the global water heater industry. On the contrary, rise in per capita income resulting in improved living standards is expected to fuel the global water heater market share.
The instant water heater segment dominated the global water heater market in 2017, accounting for 52% of the overall market revenue. The solar water heater segment is expected to witness highest growth during the forecast period, owing to rise in concern for energy-efficient products among consumers and stringent government norms to limit carbon emissions along with increasing penetration of advanced water heating technologies.
Key Findings of the Water Heater Market:
Based on type, the instant water heater segment of the global water heater market is projected to witness the highest CAGR during the forecast period.
Based on application, the residential segment accounted for 45.2% of the market share in 2017 and is expected to grow at a significant CAGR during the forecast period.
Based on distribution channel, the specialty stores segment accounted for 33.4% of the market share in 2017 and is expected to grow at a significant CAGR during the forecast period.
The key players of global water heater industry profiled in the report include A. O. Smith Corporation, Ariston Thermo SPA, Bajaj Electricals Limited, Bradford White Corporation, Haier Electronics Group Co., Ltd, Noritz Corp, Rheem Manufacturing Company, Rinnai Corporation, Robert Bosch GmbH, and Venus Home Appliances (P) Ltd.
A water heater, also known as geyser, is a heating device that utilizes energy from various external sources to heat water. Water heater is available in various types such as instant water heater, storage water heaters, gas-based water heaters, and solar water heater. The selection of a proper water heater depends upon several important factors such as the type of building that it is to be installed into, requirements of the householder, availability of fuel types, fuel cost and efficiency of the system, installation and maintenance cost, storage and distribution temperature, and user safety.
The growth of the global water heater market is driven by factors such as favorable government subsidies encouraging the use of solar water heaters, increase in numbers of hotels and hospitals, rise in disposable income of the consumers, and surge in concern among consumers regarding natural resources and energy. Moreover, rise in population and improved infrastructure in rural areas is expected to boost the global water heater market growth in the future.
Moreover, favorable government subsidies encouraging the use of solar water heaters, inclination of consumers towards the adoption of energy efficient systems have boosted the growth of the water heater market. Furthermore, rise in number of hospitals and hotels, and increase in population and improved infrastructure in rural areas is anticipated to fuel the growth of the global water heater market. However, and rising electricity prices and high operating costs of electric water heaters ,frequent outages and electricity shortage (in developing countries), and technical issues, may restrain the water heater market growth.
However, technical issues, rise in electricity prices, and frequent outages and electricity shortage in developing countries act as the major restraints for the global water heater industry. On the contrary, rise in per capita income resulting in improved living standards is expected to fuel the global water heater market share.
The instant water heater segment dominated the global water heater market in 2017, accounting for 52% of the overall market revenue. The solar water heater segment is expected to witness highest growth during the forecast period, owing to rise in concern for energy-efficient products among consumers and stringent government norms to limit carbon emissions along with increasing penetration of advanced water heating technologies.
Key Findings of the Water Heater Market:
Based on type, the instant water heater segment of the global water heater market is projected to witness the highest CAGR during the forecast period.
Based on application, the residential segment accounted for 45.2% of the market share in 2017 and is expected to grow at a significant CAGR during the forecast period.
Based on distribution channel, the specialty stores segment accounted for 33.4% of the market share in 2017 and is expected to grow at a significant CAGR during the forecast period.
The key players of global water heater industry profiled in the report include A. O. Smith Corporation, Ariston Thermo SPA, Bajaj Electricals Limited, Bradford White Corporation, Haier Electronics Group Co., Ltd, Noritz Corp, Rheem Manufacturing Company, Rinnai Corporation, Robert Bosch GmbH, and Venus Home Appliances (P) Ltd.
Note: Product cover images may vary from those shown
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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