Water Heater Market - Global Forecast 2026-2032

The water heater market stands at a pivotal juncture as policy, technology, and end-user demands converge to reshape solution adoption for both residential and commercial stakeholders. Senior leaders must closely monitor competitive dynamics as efficiency targets intensify and channel strategies evolve.

Market Snapshot: Water Heater Market Size and Growth

The water heater market grew from USD 76.09 billion in 2025 to USD 80.42 billion in 2026. With a projected CAGR of 5.97%, the sector is expected to reach USD 114.20 billion by 2032. This robust growth is driven by decarbonization policy, electrification trends, and expanding consumer expectations—positioning water heating as a key segment of the global energy transition.

Scope & Segmentation

Energy Sources: Electric resistance, natural gas combustion, heat pump systems, solar-integrated designs
Installation Formats: Storage tanks and tankless configurations, supporting diverse spatial and operational needs
Capacity Ranges: Solutions span from compact residential units to large-scale commercial and industrial systems
End-Use Categories: Residential, commercial (including healthcare, hospitality, institutional), and industrial applications
Distribution Channels: Offline brick-and-mortar, online sales (manufacturer-owned and third-party platforms), contractor networks
Installation Intent: New construction and replacement markets, each with distinct timelines and retrofit drivers
Geographical Regions: Americas, Europe-Middle East-Africa, Asia-Pacific—the report interprets local infrastructure, policy, and channel ecosystems

Key Takeaways

Technology maturity, particularly in heat pumps and solar, is redefining offerings and the value proposition, especially as building codes favor electrified solutions.
Distribution and purchase patterns are shifting as digital platforms gain prominence alongside contractor channels, driving investment in direct-to-trade and enhanced warranty services.
Supply-chain vulnerabilities, exposed by recent disruptive events and tariff actions, have prompted manufacturers and distributors to localize sourcing and diversify supplier networks.
OEMs frequently optimize designs to withstand tariff headwinds, balancing cost pass-through with design flexibility to protect market share and margin.
Customer expectations now demand interoperable, software-enabled service offerings—encouraging the development of recurring revenue models and predictive maintenance capabilities.
Regional policies and infrastructure realities mean that demand drivers and product preferences vary widely, reinforcing the need for tailored go-to-market and partnership approaches.

Tariff Impact Across the Value Chain

Tariff measures implemented in 2025 have reshaped procurement and pricing dynamics, increasing landed costs for key components and products. Market responses include longer order lead times, extended supplier contracts, and focused efforts to localize high-risk components. Some manufacturers pass costs to clients, while others re-engineer product lines to adapt. Price sensitivity impacts certain residential segments, while high-efficiency incentives mitigate headwinds in other markets. Strategic agility in supplier diversification and design has become essential for sustained margin protection.

Methodology & Data Sources

This research employs a mixed-methods approach integrating primary interviews with manufacturers, distributors, installers, utility program managers, and regulators, alongside supply-chain trace analysis. Scenario-based stress-testing and secondary reviews of white papers, standards, and regulatory filings provide validation of findings. Data triangulation ensures conclusions reflect an accurate and representative industry overview.

Why This Report Matters

Enables executives to anticipate regulatory, market, and supply-chain shifts and build resilient strategies for long-term success.
Supports product, channel, and investment decisions with actionable segmentation, regional insight, and risk assessment to help leaders capture growth opportunities and mitigate disruptions.
Assists stakeholders in aligning design, digital service, and manufacturing priorities with evolving demand for efficient, connected, and flexible water heating solutions.

Conclusion

Alignment of technology, policy, and supply-chain strategies will determine which companies thrive as the water heater sector undergoes transformational change. Those adapting through design flexibility, digital capability, and localized operations are poised to capture growth as the industry transitions to higher efficiency and electrification.

Additional Product Information:

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1. Preface

1.1. Objectives of the Study
1.2. Market Definition
1.3. Market Segmentation & Coverage
1.4. Years Considered for the Study
1.5. Currency Considered for the Study
1.6. Language Considered for the Study
1.7. Key Stakeholders

2. Research Methodology

2.1. Introduction
2.2. Research Design
2.2.1. Primary Research
2.2.2. Secondary Research
2.3. Research Framework
2.3.1. Qualitative Analysis
2.3.2. Quantitative Analysis
2.4. Market Size Estimation
2.4.1. Top-Down Approach
2.4.2. Bottom-Up Approach
2.5. Data Triangulation
2.6. Research Outcomes
2.7. Research Assumptions
2.8. Research Limitations

3. Executive Summary

3.1. Introduction
3.2. CXO Perspective
3.3. Market Size & Growth Trends
3.4. Market Share Analysis, 2025
3.5. FPNV Positioning Matrix, 2025
3.6. New Revenue Opportunities
3.7. Next-Generation Business Models
3.8. Industry Roadmap

4. Market Overview

4.1. Introduction
4.2. Industry Ecosystem & Value Chain Analysis
4.2.1. Supply-Side Analysis
4.2.2. Demand-Side Analysis
4.2.3. Stakeholder Analysis
4.3. Porter’s Five Forces Analysis
4.4. PESTLE Analysis
4.5. Market Outlook
4.5.1. Near-Term Market Outlook (0-2 Years)
4.5.2. Medium-Term Market Outlook (3-5 Years)
4.5.3. Long-Term Market Outlook (5-10 Years)
4.6. Go-to-Market Strategy

5. Market Insights

5.1. Consumer Insights & End-User Perspective
5.2. Consumer Experience Benchmarking
5.3. Opportunity Mapping
5.4. Distribution Channel Analysis
5.5. Pricing Trend Analysis
5.6. Regulatory Compliance & Standards Framework
5.7. ESG & Sustainability Analysis
5.8. Disruption & Risk Scenarios
5.9. Return on Investment & Cost-Benefit Analysis

6. Cumulative Impact of United States Tariffs 2025
7. Cumulative Impact of Artificial Intelligence 2025

8. Water Heater Market, by Energy Source

8.1. Electric
8.2. Gas
8.3. Heat Pump
8.4. Solar Based

9. Water Heater Market, by Installation Type

9.1. Storage Tank
9.2. Tankless

10. Water Heater Market, by Capacity

10.1. 50 To 100 Gallons
10.2. Above 100 Gallons
10.3. Up To 50 Gallons

11. Water Heater Market, by End Use

11.1. Commercial
11.1.1. Healthcare
11.1.2. Hospitality
11.1.3. Institutional
11.2. Industrial
11.3. Residential

12. Water Heater Market, by Distribution Channel

12.1. Offline
12.2. Online
12.2.1. Manufacturer Website
12.2.2. Third Party E-commerce

13. Water Heater Market, by Installation Type

13.1. New Installation
13.2. Replacement

14. Water Heater Market, by Region

14.1. Americas
14.1.1. North America
14.1.2. Latin America
14.2. Europe, Middle East & Africa
14.2.1. Europe
14.2.2. Middle East
14.2.3. Africa
14.3. Asia-Pacific

15. Water Heater Market, by Group

15.1. ASEAN
15.2. GCC
15.3. European Union
15.4. BRICS
15.5. G7
15.6. NATO

16. Water Heater Market, by Country

16.1. United States
16.2. Canada
16.3. Mexico
16.4. Brazil
16.5. United Kingdom
16.6. Germany
16.7. France
16.8. Russia
16.9. Italy
16.10. Spain
16.11. China
16.12. India
16.13. Japan
16.14. Australia
16.15. South Korea

17. United States Water Heater Market
18. China Water Heater Market

19. Competitive Landscape

19.1. Market Concentration Analysis, 2025
19.1.1. Concentration Ratio (CR)
19.1.2. Herfindahl Hirschman Index (HHI)
19.2. Recent Developments & Impact Analysis, 2025
19.3. Product Portfolio Analysis, 2025
19.4. Benchmarking Analysis, 2025
19.5. A. O. Smith Corporation
19.6. Ariston Holding Group
19.7. Bajaj Electricals Limited
19.8. Blue Carbon Technology Inc.
19.9. Bradford White Corporation
19.10. Carrier Global Corporation by Honeywell International Inc.
19.11. Crompton Greaves Consumer Electricals Limited
19.12. Emmvee Group
19.13. Ferroli Group
19.14. Haier Group
19.15. Havells Group
19.16. LG Electronics Inc.
19.17. NORITZ Corporation
19.18. Orient Electric
19.19. Paloma Co., Ltd.
19.20. Panasonic Holdings Corporation
19.21. Rheem Manufacturing Company
19.22. Rinnai Corporation
19.23. Robert Bosch GmbH
19.24. Sole S.A.
19.25. STIEBEL ELTRON GmbH & Co. KG
19.26. Suneco Green Energy Ltd
19.27. Westinghouse Electric Corporation
19.28. Whirlpool Corporation

List of Figures

FIGURE 1. GLOBAL WATER HEATER MARKET SIZE, 2018-2032 (USD MILLION)
FIGURE 2. GLOBAL WATER HEATER MARKET SHARE, BY KEY PLAYER, 2025
FIGURE 3. GLOBAL WATER HEATER MARKET, FPNV POSITIONING MATRIX, 2025
FIGURE 4. GLOBAL WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 5. GLOBAL WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 6. GLOBAL WATER HEATER MARKET SIZE, BY CAPACITY, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 7. GLOBAL WATER HEATER MARKET SIZE, BY END USE, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 8. GLOBAL WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 9. GLOBAL WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 10. GLOBAL WATER HEATER MARKET SIZE, BY REGION, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 11. GLOBAL WATER HEATER MARKET SIZE, BY GROUP, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 12. GLOBAL WATER HEATER MARKET SIZE, BY COUNTRY, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 13. UNITED STATES WATER HEATER MARKET SIZE, 2018-2032 (USD MILLION)
FIGURE 14. CHINA WATER HEATER MARKET SIZE, 2018-2032 (USD MILLION)

List of Tables

TABLE 1. GLOBAL WATER HEATER MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 2. GLOBAL WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2018-2032 (USD MILLION)
TABLE 3. GLOBAL WATER HEATER MARKET SIZE, BY ELECTRIC, BY REGION, 2018-2032 (USD MILLION)
TABLE 4. GLOBAL WATER HEATER MARKET SIZE, BY ELECTRIC, BY GROUP, 2018-2032 (USD MILLION)
TABLE 5. GLOBAL WATER HEATER MARKET SIZE, BY ELECTRIC, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 6. GLOBAL WATER HEATER MARKET SIZE, BY GAS, BY REGION, 2018-2032 (USD MILLION)
TABLE 7. GLOBAL WATER HEATER MARKET SIZE, BY GAS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 8. GLOBAL WATER HEATER MARKET SIZE, BY GAS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 9. GLOBAL WATER HEATER MARKET SIZE, BY HEAT PUMP, BY REGION, 2018-2032 (USD MILLION)
TABLE 10. GLOBAL WATER HEATER MARKET SIZE, BY HEAT PUMP, BY GROUP, 2018-2032 (USD MILLION)
TABLE 11. GLOBAL WATER HEATER MARKET SIZE, BY HEAT PUMP, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 12. GLOBAL WATER HEATER MARKET SIZE, BY SOLAR BASED, BY REGION, 2018-2032 (USD MILLION)
TABLE 13. GLOBAL WATER HEATER MARKET SIZE, BY SOLAR BASED, BY GROUP, 2018-2032 (USD MILLION)
TABLE 14. GLOBAL WATER HEATER MARKET SIZE, BY SOLAR BASED, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 15. GLOBAL WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 16. GLOBAL WATER HEATER MARKET SIZE, BY STORAGE TANK, BY REGION, 2018-2032 (USD MILLION)
TABLE 17. GLOBAL WATER HEATER MARKET SIZE, BY STORAGE TANK, BY GROUP, 2018-2032 (USD MILLION)
TABLE 18. GLOBAL WATER HEATER MARKET SIZE, BY STORAGE TANK, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 19. GLOBAL WATER HEATER MARKET SIZE, BY TANKLESS, BY REGION, 2018-2032 (USD MILLION)
TABLE 20. GLOBAL WATER HEATER MARKET SIZE, BY TANKLESS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 21. GLOBAL WATER HEATER MARKET SIZE, BY TANKLESS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 22. GLOBAL WATER HEATER MARKET SIZE, BY CAPACITY, 2018-2032 (USD MILLION)
TABLE 23. GLOBAL WATER HEATER MARKET SIZE, BY 50 TO 100 GALLONS, BY REGION, 2018-2032 (USD MILLION)
TABLE 24. GLOBAL WATER HEATER MARKET SIZE, BY 50 TO 100 GALLONS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 25. GLOBAL WATER HEATER MARKET SIZE, BY 50 TO 100 GALLONS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 26. GLOBAL WATER HEATER MARKET SIZE, BY ABOVE 100 GALLONS, BY REGION, 2018-2032 (USD MILLION)
TABLE 27. GLOBAL WATER HEATER MARKET SIZE, BY ABOVE 100 GALLONS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 28. GLOBAL WATER HEATER MARKET SIZE, BY ABOVE 100 GALLONS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 29. GLOBAL WATER HEATER MARKET SIZE, BY UP TO 50 GALLONS, BY REGION, 2018-2032 (USD MILLION)
TABLE 30. GLOBAL WATER HEATER MARKET SIZE, BY UP TO 50 GALLONS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 31. GLOBAL WATER HEATER MARKET SIZE, BY UP TO 50 GALLONS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 32. GLOBAL WATER HEATER MARKET SIZE, BY END USE, 2018-2032 (USD MILLION)
TABLE 33. GLOBAL WATER HEATER MARKET SIZE, BY COMMERCIAL, BY REGION, 2018-2032 (USD MILLION)
TABLE 34. GLOBAL WATER HEATER MARKET SIZE, BY COMMERCIAL, BY GROUP, 2018-2032 (USD MILLION)
TABLE 35. GLOBAL WATER HEATER MARKET SIZE, BY COMMERCIAL, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 36. GLOBAL WATER HEATER MARKET SIZE, BY COMMERCIAL, 2018-2032 (USD MILLION)
TABLE 37. GLOBAL WATER HEATER MARKET SIZE, BY HEALTHCARE, BY REGION, 2018-2032 (USD MILLION)
TABLE 38. GLOBAL WATER HEATER MARKET SIZE, BY HEALTHCARE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 39. GLOBAL WATER HEATER MARKET SIZE, BY HEALTHCARE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 40. GLOBAL WATER HEATER MARKET SIZE, BY HOSPITALITY, BY REGION, 2018-2032 (USD MILLION)
TABLE 41. GLOBAL WATER HEATER MARKET SIZE, BY HOSPITALITY, BY GROUP, 2018-2032 (USD MILLION)
TABLE 42. GLOBAL WATER HEATER MARKET SIZE, BY HOSPITALITY, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 43. GLOBAL WATER HEATER MARKET SIZE, BY INSTITUTIONAL, BY REGION, 2018-2032 (USD MILLION)
TABLE 44. GLOBAL WATER HEATER MARKET SIZE, BY INSTITUTIONAL, BY GROUP, 2018-2032 (USD MILLION)
TABLE 45. GLOBAL WATER HEATER MARKET SIZE, BY INSTITUTIONAL, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 46. GLOBAL WATER HEATER MARKET SIZE, BY INDUSTRIAL, BY REGION, 2018-2032 (USD MILLION)
TABLE 47. GLOBAL WATER HEATER MARKET SIZE, BY INDUSTRIAL, BY GROUP, 2018-2032 (USD MILLION)
TABLE 48. GLOBAL WATER HEATER MARKET SIZE, BY INDUSTRIAL, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 49. GLOBAL WATER HEATER MARKET SIZE, BY RESIDENTIAL, BY REGION, 2018-2032 (USD MILLION)
TABLE 50. GLOBAL WATER HEATER MARKET SIZE, BY RESIDENTIAL, BY GROUP, 2018-2032 (USD MILLION)
TABLE 51. GLOBAL WATER HEATER MARKET SIZE, BY RESIDENTIAL, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 52. GLOBAL WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018-2032 (USD MILLION)
TABLE 53. GLOBAL WATER HEATER MARKET SIZE, BY OFFLINE, BY REGION, 2018-2032 (USD MILLION)
TABLE 54. GLOBAL WATER HEATER MARKET SIZE, BY OFFLINE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 55. GLOBAL WATER HEATER MARKET SIZE, BY OFFLINE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 56. GLOBAL WATER HEATER MARKET SIZE, BY ONLINE, BY REGION, 2018-2032 (USD MILLION)
TABLE 57. GLOBAL WATER HEATER MARKET SIZE, BY ONLINE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 58. GLOBAL WATER HEATER MARKET SIZE, BY ONLINE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 59. GLOBAL WATER HEATER MARKET SIZE, BY ONLINE, 2018-2032 (USD MILLION)
TABLE 60. GLOBAL WATER HEATER MARKET SIZE, BY MANUFACTURER WEBSITE, BY REGION, 2018-2032 (USD MILLION)
TABLE 61. GLOBAL WATER HEATER MARKET SIZE, BY MANUFACTURER WEBSITE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 62. GLOBAL WATER HEATER MARKET SIZE, BY MANUFACTURER WEBSITE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 63. GLOBAL WATER HEATER MARKET SIZE, BY THIRD PARTY E-COMMERCE, BY REGION, 2018-2032 (USD MILLION)
TABLE 64. GLOBAL WATER HEATER MARKET SIZE, BY THIRD PARTY E-COMMERCE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 65. GLOBAL WATER HEATER MARKET SIZE, BY THIRD PARTY E-COMMERCE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 66. GLOBAL WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 67. GLOBAL WATER HEATER MARKET SIZE, BY NEW INSTALLATION, BY REGION, 2018-2032 (USD MILLION)
TABLE 68. GLOBAL WATER HEATER MARKET SIZE, BY NEW INSTALLATION, BY GROUP, 2018-2032 (USD MILLION)
TABLE 69. GLOBAL WATER HEATER MARKET SIZE, BY NEW INSTALLATION, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 70. GLOBAL WATER HEATER MARKET SIZE, BY REPLACEMENT, BY REGION, 2018-2032 (USD MILLION)
TABLE 71. GLOBAL WATER HEATER MARKET SIZE, BY REPLACEMENT, BY GROUP, 2018-2032 (USD MILLION)
TABLE 72. GLOBAL WATER HEATER MARKET SIZE, BY REPLACEMENT, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 73. GLOBAL WATER HEATER MARKET SIZE, BY REGION, 2018-2032 (USD MILLION)
TABLE 74. AMERICAS WATER HEATER MARKET SIZE, BY SUBREGION, 2018-2032 (USD MILLION)
TABLE 75. AMERICAS WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2018-2032 (USD MILLION)
TABLE 76. AMERICAS WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 77. AMERICAS WATER HEATER MARKET SIZE, BY CAPACITY, 2018-2032 (USD MILLION)
TABLE 78. AMERICAS WATER HEATER MARKET SIZE, BY END USE, 2018-2032 (USD MILLION)
TABLE 79. AMERICAS WATER HEATER MARKET SIZE, BY COMMERCIAL, 2018-2032 (USD MILLION)
TABLE 80. AMERICAS WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018-2032 (USD MILLION)
TABLE 81. AMERICAS WATER HEATER MARKET SIZE, BY ONLINE, 2018-2032 (USD MILLION)
TABLE 82. AMERICAS WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 83. NORTH AMERICA WATER HEATER MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 84. NORTH AMERICA WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2018-2032 (USD MILLION)
TABLE 85. NORTH AMERICA WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 86. NORTH AMERICA WATER HEATER MARKET SIZE, BY CAPACITY, 2018-2032 (USD MILLION)
TABLE 87. NORTH AMERICA WATER HEATER MARKET SIZE, BY END USE, 2018-2032 (USD MILLION)
TABLE 88. NORTH AMERICA WATER HEATER MARKET SIZE, BY COMMERCIAL, 2018-2032 (USD MILLION)
TABLE 89. NORTH AMERICA WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018-2032 (USD MILLION)
TABLE 90. NORTH AMERICA WATER HEATER MARKET SIZE, BY ONLINE, 2018-2032 (USD MILLION)
TABLE 91. NORTH AMERICA WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 92. LATIN AMERICA WATER HEATER MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 93. LATIN AMERICA WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2018-2032 (USD MILLION)
TABLE 94. LATIN AMERICA WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 95. LATIN AMERICA WATER HEATER MARKET SIZE, BY CAPACITY, 2018-2032 (USD MILLION)
TABLE 96. LATIN AMERICA WATER HEATER MARKET SIZE, BY END USE, 2018-2032 (USD MILLION)
TABLE 97. LATIN AMERICA WATER HEATER MARKET SIZE, BY COMMERCIAL, 2018-2032 (USD MILLION)
TABLE 98. LATIN AMERICA WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018-2032 (USD MILLION)
TABLE 99. LATIN AMERICA WATER HEATER MARKET SIZE, BY ONLINE, 2018-2032 (USD MILLION)
TABLE 100. LATIN AMERICA WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 101. EUROPE, MIDDLE EAST & AFRICA WATER HEATER MARKET SIZE, BY SUBREGION, 2018-2032 (USD MILLION)
TABLE 102. EUROPE, MIDDLE EAST & AFRICA WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2018-2032 (USD MILLION)
TABLE 103. EUROPE, MIDDLE EAST & AFRICA WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 104. EUROPE, MIDDLE EAST & AFRICA WATER HEATER MARKET SIZE, BY CAPACITY, 2018-2032 (USD MILLION)
TABLE 105. EUROPE, MIDDLE EAST & AFRICA WATER HEATER MARKET SIZE, BY END USE, 2018-2032 (USD MILLION)
TABLE 106. EUROPE, MIDDLE EAST & AFRICA WATER HEATER MARKET SIZE, BY COMMERCIAL, 2018-2032 (USD MILLION)
TABLE 107. EUROPE, MIDDLE EAST & AFRICA WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018-2032 (USD MILLION)
TABLE 108. EUROPE, MIDDLE EAST & AFRICA WATER HEATER MARKET SIZE, BY ONLINE, 2018-2032 (USD MILLION)
TABLE 109. EUROPE, MIDDLE EAST & AFRICA WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 110. EUROPE WATER HEATER MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 111. EUROPE WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2018-2032 (USD MILLION)
TABLE 112. EUROPE WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 113. EUROPE WATER HEATER MARKET SIZE, BY CAPACITY, 2018-2032 (USD MILLION)
TABLE 114. EUROPE WATER HEATER MARKET SIZE, BY END USE, 2018-2032 (USD MILLION)
TABLE 115. EUROPE WATER HEATER MARKET SIZE, BY COMMERCIAL, 2018-2032 (USD MILLION)
TABLE 116. EUROPE WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018-2032 (USD MILLION)
TABLE 117. EUROPE WATER HEATER MARKET SIZE, BY ONLINE, 2018-2032 (USD MILLION)
TABLE 118. EUROPE WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 119. MIDDLE EAST WATER HEATER MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 120. MIDDLE EAST WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2018-2032 (USD MILLION)
TABLE 121. MIDDLE EAST WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 122. MIDDLE EAST WATER HEATER MARKET SIZE, BY CAPACITY, 2018-2032 (USD MILLION)
TABLE 123. MIDDLE EAST WATER HEATER MARKET SIZE, BY END USE, 2018-2032 (USD MILLION)
TABLE 124. MIDDLE EAST WATER HEATER MARKET SIZE, BY COMMERCIAL, 2018-2032 (USD MILLION)
TABLE 125. MIDDLE EAST WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018-2032 (USD MILLION)
TABLE 126. MIDDLE EAST WATER HEATER MARKET SIZE, BY ONLINE, 2018-2032 (USD MILLION)
TABLE 127. MIDDLE EAST WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 128. AFRICA WATER HEATER MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 129. AFRICA WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2018-2032 (USD MILLION)
TABLE 130. AFRICA WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 131. AFRICA WATER HEATER MARKET SIZE, BY CAPACITY, 2018-2032 (USD MILLION)
TABLE 132. AFRICA WATER HEATER MARKET SIZE, BY END USE, 2018-2032 (USD MILLION)
TABLE 133. AFRICA WATER HEATER MARKET SIZE, BY COMMERCIAL, 2018-2032 (USD MILLION)
TABLE 134. AFRICA WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018-2032 (USD MILLION)
TABLE 135. AFRICA WATER HEATER MARKET SIZE, BY ONLINE, 2018-2032 (USD MILLION)
TABLE 136. AFRICA WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 137. ASIA-PACIFIC WATER HEATER MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 138. ASIA-PACIFIC WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2018-2032 (USD MILLION)
TABLE 139. ASIA-PACIFIC WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 140. ASIA-PACIFIC WATER HEATER MARKET SIZE, BY CAPACITY, 2018-2032 (USD MILLION)
TABLE 141. ASIA-PACIFIC WATER HEATER MARKET SIZE, BY END USE, 2018-2032 (USD MILLION)
TABLE 142. ASIA-PACIFIC WATER HEATER MARKET SIZE, BY COMMERCIAL, 2018-2032 (USD MILLION)
TABLE 143. ASIA-PACIFIC WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018-2032 (USD MILLION)
TABLE 144. ASIA-PACIFIC WATER HEATER MARKET SIZE, BY ONLINE, 2018-2032 (USD MILLION)
TABLE 145. ASIA-PACIFIC WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 146. GLOBAL WATER HEATER MARKET SIZE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 147. ASEAN WATER HEATER MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 148. ASEAN WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2018-2032 (USD MILLION)
TABLE 149. ASEAN WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 150. ASEAN WATER HEATER MARKET SIZE, BY CAPACITY, 2018-2032 (USD MILLION)
TABLE 151. ASEAN WATER HEATER MARKET SIZE, BY END USE, 2018-2032 (USD MILLION)
TABLE 152. ASEAN WATER HEATER MARKET SIZE, BY COMMERCIAL, 2018-2032 (USD MILLION)
TABLE 153. ASEAN WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018-2032 (USD MILLION)
TABLE 154. ASEAN WATER HEATER MARKET SIZE, BY ONLINE, 2018-2032 (USD MILLION)
TABLE 155. ASEAN WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 156. GCC WATER HEATER MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 157. GCC WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2018-2032 (USD MILLION)
TABLE 158. GCC WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 159. GCC WATER HEATER MARKET SIZE, BY CAPACITY, 2018-2032 (USD MILLION)
TABLE 160. GCC WATER HEATER MARKET SIZE, BY END USE, 2018-2032 (USD MILLION)
TABLE 161. GCC WATER HEATER MARKET SIZE, BY COMMERCIAL, 2018-2032 (USD MILLION)
TABLE 162. GCC WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018-2032 (USD MILLION)
TABLE 163. GCC WATER HEATER MARKET SIZE, BY ONLINE, 2018-2032 (USD MILLION)
TABLE 164. GCC WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 165. EUROPEAN UNION WATER HEATER MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 166. EUROPEAN UNION WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2018-2032 (USD MILLION)
TABLE 167. EUROPEAN UNION WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 168. EUROPEAN UNION WATER HEATER MARKET SIZE, BY CAPACITY, 2018-2032 (USD MILLION)
TABLE 169. EUROPEAN UNION WATER HEATER MARKET SIZE, BY END USE, 2018-2032 (USD MILLION)
TABLE 170. EUROPEAN UNION WATER HEATER MARKET SIZE, BY COMMERCIAL, 2018-2032 (USD MILLION)
TABLE 171. EUROPEAN UNION WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018-2032 (USD MILLION)
TABLE 172. EUROPEAN UNION WATER HEATER MARKET SIZE, BY ONLINE, 2018-2032 (USD MILLION)
TABLE 173. EUROPEAN UNION WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 174. BRICS WATER HEATER MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 175. BRICS WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2018-2032 (USD MILLION)
TABLE 176. BRICS WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 177. BRICS WATER HEATER MARKET SIZE, BY CAPACITY, 2018-2032 (USD MILLION)
TABLE 178. BRICS WATER HEATER MARKET SIZE, BY END USE, 2018-2032 (USD MILLION)
TABLE 179. BRICS WATER HEATER MARKET SIZE, BY COMMERCIAL, 2018-2032 (USD MILLION)
TABLE 180. BRICS WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018-2032 (USD MILLION)
TABLE 181. BRICS WATER HEATER MARKET SIZE, BY ONLINE, 2018-2032 (USD MILLION)
TABLE 182. BRICS WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 183. G7 WATER HEATER MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 184. G7 WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2018-2032 (USD MILLION)
TABLE 185. G7 WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 186. G7 WATER HEATER MARKET SIZE, BY CAPACITY, 2018-2032 (USD MILLION)
TABLE 187. G7 WATER HEATER MARKET SIZE, BY END USE, 2018-2032 (USD MILLION)
TABLE 188. G7 WATER HEATER MARKET SIZE, BY COMMERCIAL, 2018-2032 (USD MILLION)
TABLE 189. G7 WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018-2032 (USD MILLION)
TABLE 190. G7 WATER HEATER MARKET SIZE, BY ONLINE, 2018-2032 (USD MILLION)
TABLE 191. G7 WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 192. NATO WATER HEATER MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 193. NATO WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2018-2032 (USD MILLION)
TABLE 194. NATO WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 195. NATO WATER HEATER MARKET SIZE, BY CAPACITY, 2018-2032 (USD MILLION)
TABLE 196. NATO WATER HEATER MARKET SIZE, BY END USE, 2018-2032 (USD MILLION)
TABLE 197. NATO WATER HEATER MARKET SIZE, BY COMMERCIAL, 2018-2032 (USD MILLION)
TABLE 198. NATO WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018-2032 (USD MILLION)
TABLE 199. NATO WATER HEATER MARKET SIZE, BY ONLINE, 2018-2032 (USD MILLION)
TABLE 200. NATO WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 201. GLOBAL WATER HEATER MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 202. UNITED STATES WATER HEATER MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 203. UNITED STATES WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2018-2032 (USD MILLION)
TABLE 204. UNITED STATES WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 205. UNITED STATES WATER HEATER MARKET SIZE, BY CAPACITY, 2018-2032 (USD MILLION)
TABLE 206. UNITED STATES WATER HEATER MARKET SIZE, BY END USE, 2018-2032 (USD MILLION)
TABLE 207. UNITED STATES WATER HEATER MARKET SIZE, BY COMMERCIAL, 2018-2032 (USD MILLION)
TABLE 208. UNITED STATES WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018-2032 (USD MILLION)
TABLE 209. UNITED STATES WATER HEATER MARKET SIZE, BY ONLINE, 2018-2032 (USD MILLION)
TABLE 210. UNITED STATES WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 211. CHINA WATER HEATER MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 212. CHINA WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2018-2032 (USD MILLION)
TABLE 213. CHINA WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)
TABLE 214. CHINA WATER HEATER MARKET SIZE, BY CAPACITY, 2018-2032 (USD MILLION)
TABLE 215. CHINA WATER HEATER MARKET SIZE, BY END USE, 2018-2032 (USD MILLION)
TABLE 216. CHINA WATER HEATER MARKET SIZE, BY COMMERCIAL, 2018-2032 (USD MILLION)
TABLE 217. CHINA WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018-2032 (USD MILLION)
TABLE 218. CHINA WATER HEATER MARKET SIZE, BY ONLINE, 2018-2032 (USD MILLION)
TABLE 219. CHINA WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2032 (USD MILLION)

Companies Mentioned

The key companies profiled in this Water Heater market report include:

A. O. Smith Corporation
Ariston Holding Group
Bajaj Electricals Limited
Blue Carbon Technology Inc.
Bradford White Corporation
Carrier Global Corporation by Honeywell International Inc.
Crompton Greaves Consumer Electricals Limited
Emmvee Group
Ferroli Group
Haier Group
Havells Group
LG Electronics Inc.
NORITZ Corporation
Orient Electric
Paloma Co., Ltd.
Panasonic Holdings Corporation
Rheem Manufacturing Company
Rinnai Corporation
Robert Bosch GmbH
Sole S.A.
STIEBEL ELTRON GmbH & Co. KG
Suneco Green Energy Ltd
Westinghouse Electric Corporation
Whirlpool Corporation

Table Information

Report Attribute	Details
No. of Pages	197
Published	January 2026
Forecast Period	2026 - 2032
Estimated Market Value ( USD ) in 2026	$ 80.42 Billion
Forecasted Market Value ( USD ) by 2032	$ 114.2 Billion
Compound Annual Growth Rate	5.9%
Regions Covered	Global
No. of Companies Mentioned	25

License	Properties	Price
SINGLE USER LICENSE PDF, Excel and Online Access	This is a single user license, allowing one user access to the product.	€3513EUR$3,939USD£3,047GBP
1 - 5 USER LICENSE PDF, Excel and Online Access	This is a 1-5 user license, allowing up to five users have access to the product.	€3789EUR$4,249USD£3,286GBP
SITE LICENSE PDF, Excel and Online Access	This is a site license, allowing all users within a given geographical location of your organization access to the product.	€5136EUR$5,759USD£4,454GBP
ENTERPRISE LICENSE PDF, Excel and Online Access	This is an enterprise license, allowing all employees within your organization access to the product.	€6215EUR$6,969USD£5,390GBP

Market Snapshot: Water Heater Market Size and Growth

Scope & Segmentation

Key Takeaways

Tariff Impact Across the Value Chain

Methodology & Data Sources

Why This Report Matters

Conclusion

Table of Contents

Companies Mentioned

Table Information

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