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Global Water Heater Market 2023-2027

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    Report

  • 191 Pages
  • January 2023
  • Region: Global
  • TechNavio
  • ID: 5734290
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The water heater market is forecasted to grow by $6981.04 mn during 2022-2027, accelerating at a CAGR of 5.5% during the forecast period. The report on the water heater market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for tankless water heaters, increasing demand from commercial end-user segment, and government initiatives promoting energy-efficient heating solutions.

The water heater market is segmented as below:

By End-user

  • Residential
  • Commercial
  • Industrial

By Distribution Channel

  • Specialty stores
  • Department stores hypermarkets and supermarkets
  • Online retailers
  • Others

By Type

  • Electric
  • Gas
  • Solar

By Geography

  • APAC
  • North America
  • Europe
  • South America
  • Middle East and Africa
This study identifies smart and connected kitchens as one of the prime reasons driving the water heater market growth during the next few years. Also, increasing focus on e-commerce platforms and technological innovations in water heaters will lead to sizable demand in the market.

The report on the water heater market covers the following areas:

  • Water heater market sizing
  • Water heater market forecast
  • Water heater market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading water heater market vendors that include A. O. Smith Corp., AB Electrolux, Ariston Holding NV, Bradford White Corp., Ferroli Spa, Guangdong Vanward New Electric Co. Ltd., Haier Smart Home Co. Ltd., Havells India Ltd., Jaquar India, Hangzhou Kangquan Water Heater Co. Ltd., Lennox International Inc., Midea India Pvt. Ltd., Noritz Corp., Rheem Manufacturing Co., Rinnai Corp., Robert Bosch GmbH, STIEBEL ELTRON GmbH and Co. KG, Transform Holdco LLC, Vaillant Group, Viessmann Climate Solutions SE, and Whirlpool Corp. Also, the water heater market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

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 an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary - Chart on Market Segmentation by Distribution Channel
Exhibit 07: Executive Summary - Chart on Market Segmentation by Type
Exhibit 08: Executive Summary - Chart on Incremental Growth
Exhibit 09: Executive Summary - Data Table on Incremental Growth
Exhibit 10: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape
2.1 Market ecosystem
Exhibit 11: Parent market
Exhibit 12: Market Characteristics

3 Market Sizing
3.1 Market definition
Exhibit 13: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 14: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 15: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 17: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 18: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size
4.1 Global water heater market 2017 - 2021
Exhibit 19: Historic Market Size - Data Table on Global water heater market 2017 - 2021 ($ million)
4.2 End-user Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - End-user Segment 2017 - 2021 ($ million)
4.3 Distribution channel Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Distribution channel Segment 2017 - 2021 ($ million)
4.4 Type Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Type Segment 2017 - 2021 ($ million)
4.5 Geography Segment Analysis 2017 - 2021
Exhibit 23: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
4.6 Country Segment Analysis 2017 - 2021
Exhibit 24: Historic Market Size - Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis
5.1 Five forces summary
Exhibit 25: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 26: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 27: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 28: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 29: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 30: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 31: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user
6.1 Market segments
Exhibit 32: Chart on End-user - Market share 2022-2027 (%)
Exhibit 33: Data Table on End-user - Market share 2022-2027 (%)
6.2 Comparison by End-user
Exhibit 34: Chart on Comparison by End-user
Exhibit 35: Data Table on Comparison by End-user
6.3 Residential - Market size and forecast 2022-2027
Exhibit 36: Chart on Residential - Market size and forecast 2022-2027 ($ million)
Exhibit 37: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
Exhibit 38: Chart on Residential - Year-over-year growth 2022-2027 (%)
Exhibit 39: Data Table on Residential - Year-over-year growth 2022-2027 (%)
6.4 Commercial - Market size and forecast 2022-2027
Exhibit 40: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
Exhibit 41: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
Exhibit 42: Chart on Commercial - Year-over-year growth 2022-2027 (%)
Exhibit 43: Data Table on Commercial - Year-over-year growth 2022-2027 (%)
6.5 Industrial - Market size and forecast 2022-2027
Exhibit 44: Chart on Industrial - Market size and forecast 2022-2027 ($ million)
Exhibit 45: Data Table on Industrial - Market size and forecast 2022-2027 ($ million)
Exhibit 46: Chart on Industrial - Year-over-year growth 2022-2027 (%)
Exhibit 47: Data Table on Industrial - Year-over-year growth 2022-2027 (%)
6.6 Market opportunity by End-user
Exhibit 48: Market opportunity by End-user ($ million)

7 Market Segmentation by Distribution Channel
7.1 Market segments
Exhibit 49: Chart on Distribution Channel - Market share 2022-2027 (%)
Exhibit 50: Data Table on Distribution Channel - Market share 2022-2027 (%)
7.2 Comparison by Distribution Channel
Exhibit 51: Chart on Comparison by Distribution Channel
Exhibit 52: Data Table on Comparison by Distribution Channel
7.3 Specialty stores - Market size and forecast 2022-2027
Exhibit 53: Chart on Specialty stores - Market size and forecast 2022-2027 ($ million)
Exhibit 54: Data Table on Specialty stores - Market size and forecast 2022-2027 ($ million)
Exhibit 55: Chart on Specialty stores - Year-over-year growth 2022-2027 (%)
Exhibit 56: Data Table on Specialty stores - Year-over-year growth 2022-2027 (%)
7.4 Department stores hypermarkets and supermarkets - Market size and forecast 2022-2027
Exhibit 57: Chart on Department stores hypermarkets and supermarkets - Market size and forecast 2022-2027 ($ million)
Exhibit 58: Data Table on Department stores hypermarkets and supermarkets - Market size and forecast 2022-2027 ($ million)
Exhibit 59: Chart on Department stores hypermarkets and supermarkets - Year-over-year growth 2022-2027 (%)
Exhibit 60: Data Table on Department stores hypermarkets and supermarkets - Year-over-year growth 2022-2027 (%)
7.5 Online retailers - Market size and forecast 2022-2027
Exhibit 61: Chart on Online retailers - Market size and forecast 2022-2027 ($ million)
Exhibit 62: Data Table on Online retailers - Market size and forecast 2022-2027 ($ million)
Exhibit 63: Chart on Online retailers - Year-over-year growth 2022-2027 (%)
Exhibit 64: Data Table on Online retailers - Year-over-year growth 2022-2027 (%)
7.6 Others - Market size and forecast 2022-2027
Exhibit 65: Chart on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 66: Data Table on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 67: Chart on Others - Year-over-year growth 2022-2027 (%)
Exhibit 68: Data Table on Others - Year-over-year growth 2022-2027 (%)
7.7 Market opportunity by Distribution Channel
Exhibit 69: Market opportunity by Distribution Channel ($ million)

8 Market Segmentation by Type
8.1 Market segments
Exhibit 70: Chart on Type - Market share 2022-2027 (%)
Exhibit 71: Data Table on Type - Market share 2022-2027 (%)
8.2 Comparison by Type
Exhibit 72: Chart on Comparison by Type
Exhibit 73: Data Table on Comparison by Type
8.3 Electric - Market size and forecast 2022-2027
Exhibit 74: Chart on Electric - Market size and forecast 2022-2027 ($ million)
Exhibit 75: Data Table on Electric - Market size and forecast 2022-2027 ($ million)
Exhibit 76: Chart on Electric - Year-over-year growth 2022-2027 (%)
Exhibit 77: Data Table on Electric - Year-over-year growth 2022-2027 (%)
8.4 Gas - Market size and forecast 2022-2027
Exhibit 78: Chart on Gas - Market size and forecast 2022-2027 ($ million)
Exhibit 79: Data Table on Gas - Market size and forecast 2022-2027 ($ million)
Exhibit 80: Chart on Gas - Year-over-year growth 2022-2027 (%)
Exhibit 81: Data Table on Gas - Year-over-year growth 2022-2027 (%)
8.5 Solar - Market size and forecast 2022-2027
Exhibit 82: Chart on Solar - Market size and forecast 2022-2027 ($ million)
Exhibit 83: Data Table on Solar - Market size and forecast 2022-2027 ($ million)
Exhibit 84: Chart on Solar - Year-over-year growth 2022-2027 (%)
Exhibit 85: Data Table on Solar - Year-over-year growth 2022-2027 (%)
8.6 Market opportunity by Type
Exhibit 86: Market opportunity by Type ($ million)

9 Customer Landscape
9.1 Customer landscape overview
Exhibit 87: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

10 Geographic Landscape
10.1 Geographic segmentation
Exhibit 88: Chart on Market share by geography 2022-2027 (%)
Exhibit 89: Data Table on Market share by geography 2022-2027 (%)
10.2 Geographic comparison
Exhibit 90: Chart on Geographic comparison
Exhibit 91: Data Table on Geographic comparison
10.3 APAC - Market size and forecast 2022-2027
Exhibit 92: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 93: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 94: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 95: Data Table on APAC - Year-over-year growth 2022-2027 (%)
10.4 North America - Market size and forecast 2022-2027
Exhibit 96: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 97: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 98: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 99: Data Table on North America - Year-over-year growth 2022-2027 (%)
10.5 Europe - Market size and forecast 2022-2027
Exhibit 100: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 101: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 102: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 103: Data Table on Europe - Year-over-year growth 2022-2027 (%)
10.6 South America - Market size and forecast 2022-2027
Exhibit 104: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 105: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 106: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 107: Data Table on South America - Year-over-year growth 2022-2027 (%)
10.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 108: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 109: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 110: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 111: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
10.8 China - Market size and forecast 2022-2027
Exhibit 112: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 113: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 114: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 115: Data Table on China - Year-over-year growth 2022-2027 (%)
10.9 US - Market size and forecast 2022-2027
Exhibit 116: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 117: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 118: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 119: Data Table on US - Year-over-year growth 2022-2027 (%)
10.10 Japan - Market size and forecast 2022-2027
Exhibit 120: Chart on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 121: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 122: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 123: Data Table on Japan - Year-over-year growth 2022-2027 (%)
10.11 Germany - Market size and forecast 2022-2027
Exhibit 124: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 125: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 126: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 127: Data Table on Germany - Year-over-year growth 2022-2027 (%)
10.12 India - Market size and forecast 2022-2027
Exhibit 128: Chart on India - Market size and forecast 2022-2027 ($ million)
Exhibit 129: Data Table on India - Market size and forecast 2022-2027 ($ million)
Exhibit 130: Chart on India - Year-over-year growth 2022-2027 (%)
Exhibit 131: Data Table on India - Year-over-year growth 2022-2027 (%)
10.13 Market opportunity by geography
Exhibit 132: Market opportunity by geography ($ million)

11 Drivers, Challenges, and Trends
11.1 Market drivers
11.2 Market challenges
11.3 Impact of drivers and challenges
Exhibit 133: Impact of drivers and challenges in 2022 and 2027
11.4 Market trends

12 Vendor Landscape
12.1 Overview
12.2 Vendor landscape
Exhibit 134: Overview on Criticality of inputs and Factors of differentiation
12.3 Landscape disruption
Exhibit 135: Overview on factors of disruption
12.4 Industry risks
Exhibit 136: Impact of key risks on business

13 Vendor Analysis
13.1 Vendors covered
Exhibit 137: Vendors covered
13.2 Market positioning of vendors
Exhibit 138: Matrix on vendor position and classification
13.3 A. O. Smith Corp.
Exhibit 139: A. O. Smith Corp. - Overview
Exhibit 140: A. O. Smith Corp. - Business segments
Exhibit 141: A. O. Smith Corp. - Key offerings
Exhibit 142: A. O. Smith Corp. - Segment focus
13.4 AB Electrolux
Exhibit 143: AB Electrolux - Overview
Exhibit 144: AB Electrolux - Business segments
Exhibit 145: AB Electrolux - Key offerings
Exhibit 146: AB Electrolux - Segment focus
13.5 Ariston Holding NV
Exhibit 147: Ariston Holding NV - Overview
Exhibit 148: Ariston Holding NV - Product / Service
Exhibit 149: Ariston Holding NV - Key news
Exhibit 150: Ariston Holding NV - Key offerings
13.6 Ferroli Spa
Exhibit 151: Ferroli Spa - Overview
Exhibit 152: Ferroli Spa - Product / Service
Exhibit 153: Ferroli Spa - Key offerings
13.7 Haier Smart Home Co. Ltd.
Exhibit 154: Haier Smart Home Co. Ltd. - Overview
Exhibit 155: Haier Smart Home Co. Ltd. - Business segments
Exhibit 156: Haier Smart Home Co. Ltd. - Key offerings
Exhibit 157: Haier Smart Home Co. Ltd. - Segment focus
13.8 Havells India Ltd.
Exhibit 158: Havells India Ltd. - Overview
Exhibit 159: Havells India Ltd. - Business segments
Exhibit 160: Havells India Ltd. - Key news
Exhibit 161: Havells India Ltd. - Key offerings
Exhibit 162: Havells India Ltd. - Segment focus
13.9 Lennox International Inc.
Exhibit 163: Lennox International Inc. - Overview
Exhibit 164: Lennox International Inc. - Business segments
Exhibit 165: Lennox International Inc. - Key offerings
Exhibit 166: Lennox International Inc. - Segment focus
13.10 Midea India Pvt. Ltd.
Exhibit 167: Midea India Pvt. Ltd. - Overview
Exhibit 168: Midea India Pvt. Ltd. - Product / Service
Exhibit 169: Midea India Pvt. Ltd. - Key offerings
13.11 Noritz Corp.
Exhibit 170: Noritz Corp. - Overview
Exhibit 171: Noritz Corp. - Product / Service
Exhibit 172: Noritz Corp. - Key offerings
13.12 Rinnai Corp.
Exhibit 173: Rinnai Corp. - Overview
Exhibit 174: Rinnai Corp. - Business segments
Exhibit 175: Rinnai Corp. - Key offerings
Exhibit 176: Rinnai Corp. - Segment focus
13.13 Robert Bosch GmbH
Exhibit 177: Robert Bosch GmbH - Overview
Exhibit 178: Robert Bosch GmbH - Business segments
Exhibit 179: Robert Bosch GmbH - Key news
Exhibit 180: Robert Bosch GmbH - Key offerings
Exhibit 181: Robert Bosch GmbH - Segment focus
13.14 STIEBEL ELTRON GmbH and Co. KG
Exhibit 182: STIEBEL ELTRON GmbH and Co. KG - Overview
Exhibit 183: STIEBEL ELTRON GmbH and Co. KG - Product / Service
Exhibit 184: STIEBEL ELTRON GmbH and Co. KG - Key offerings
13.15 Transform Holdco LLC
Exhibit 185: Transform Holdco LLC - Overview
Exhibit 186: Transform Holdco LLC - Product / Service
Exhibit 187: Transform Holdco LLC - Key offerings
13.16 Vaillant Group
Exhibit 188: Vaillant Group - Overview
Exhibit 189: Vaillant Group - Product / Service
Exhibit 190: Vaillant Group - Key offerings
13.17 Whirlpool Corp.
Exhibit 191: Whirlpool Corp. - Overview
Exhibit 192: Whirlpool Corp. - Business segments
Exhibit 193: Whirlpool Corp. - Key offerings
Exhibit 194: Whirlpool Corp. - Segment focus

14 Appendix
14.1 Scope of the report
14.2 Inclusions and exclusions checklist
Exhibit 195: Inclusions checklist
Exhibit 196: Exclusions checklist
14.3 Currency conversion rates for US$
Exhibit 197: Currency conversion rates for US$
14.4 Research methodology
Exhibit 198: Research methodology
Exhibit 199: Validation techniques employed for market sizing
Exhibit 200: Information sources
14.5 List of abbreviations
Exhibit 201: List of abbreviations

List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market by Geography
Exhibits 5: Executive Summary - Chart on Market Segmentation by End-user
Exhibits 6: Executive Summary - Chart on Market Segmentation by Distribution Channel
Exhibits 7: Executive Summary - Chart on Market Segmentation by Type
Exhibits 8: Executive Summary - Chart on Incremental Growth
Exhibits 9: Executive Summary - Data Table on Incremental Growth
Exhibits 10: Executive Summary - Chart on Vendor Market Positioning
Exhibits 11: Parent market
Exhibits 12: Market Characteristics
Exhibits 13: Offerings of vendors included in the market definition
Exhibits 14: Market segments
Exhibits 15: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibits 16: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibits 17: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibits 18: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
Exhibits 19: Historic Market Size - Data Table on Global water heater market 2017 - 2021 ($ million)
Exhibits 20: Historic Market Size - End-user Segment 2017 - 2021 ($ million)
Exhibits 21: Historic Market Size - Distribution channel Segment 2017 - 2021 ($ million)
Exhibits 22: Historic Market Size - Type Segment 2017 - 2021 ($ million)
Exhibits 23: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
Exhibits 24: Historic Market Size - Country Segment 2017 - 2021 ($ million)
Exhibits 25: Five forces analysis - Comparison between 2022 and 2027
Exhibits 26: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
Exhibits 27: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
Exhibits 28: Threat of new entrants - Impact of key factors in 2022 and 2027
Exhibits 29: Threat of substitutes - Impact of key factors in 2022 and 2027
Exhibits 30: Threat of rivalry - Impact of key factors in 2022 and 2027
Exhibits 31: Chart on Market condition - Five forces 2022 and 2027
Exhibits 32: Chart on End-user - Market share 2022-2027 (%)
Exhibits 33: Data Table on End-user - Market share 2022-2027 (%)
Exhibits 34: Chart on Comparison by End-user
Exhibits 35: Data Table on Comparison by End-user
Exhibits 36: Chart on Residential - Market size and forecast 2022-2027 ($ million)
Exhibits 37: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
Exhibits 38: Chart on Residential - Year-over-year growth 2022-2027 (%)
Exhibits 39: Data Table on Residential - Year-over-year growth 2022-2027 (%)
Exhibits 40: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
Exhibits 41: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
Exhibits 42: Chart on Commercial - Year-over-year growth 2022-2027 (%)
Exhibits 43: Data Table on Commercial - Year-over-year growth 2022-2027 (%)
Exhibits 44: Chart on Industrial - Market size and forecast 2022-2027 ($ million)
Exhibits 45: Data Table on Industrial - Market size and forecast 2022-2027 ($ million)
Exhibits 46: Chart on Industrial - Year-over-year growth 2022-2027 (%)
Exhibits 47: Data Table on Industrial - Year-over-year growth 2022-2027 (%)
Exhibits 48: Market opportunity by End-user ($ million)
Exhibits 49: Chart on Distribution Channel - Market share 2022-2027 (%)
Exhibits 50: Data Table on Distribution Channel - Market share 2022-2027 (%)
Exhibits 51: Chart on Comparison by Distribution Channel
Exhibits 52: Data Table on Comparison by Distribution Channel
Exhibits 53: Chart on Specialty stores - Market size and forecast 2022-2027 ($ million)
Exhibits 54: Data Table on Specialty stores - Market size and forecast 2022-2027 ($ million)
Exhibits 55: Chart on Specialty stores - Year-over-year growth 2022-2027 (%)
Exhibits 56: Data Table on Specialty stores - Year-over-year growth 2022-2027 (%)
Exhibits 57: Chart on Department stores hypermarkets and supermarkets - Market size and forecast 2022-2027 ($ million)
Exhibits 58: Data Table on Department stores hypermarkets and supermarkets - Market size and forecast 2022-2027 ($ million)
Exhibits 59: Chart on Department stores hypermarkets and supermarkets - Year-over-year growth 2022-2027 (%)
Exhibits 60: Data Table on Department stores hypermarkets and supermarkets - Year-over-year growth 2022-2027 (%)
Exhibits 61: Chart on Online retailers - Market size and forecast 2022-2027 ($ million)
Exhibits 62: Data Table on Online retailers - Market size and forecast 2022-2027 ($ million)
Exhibits 63: Chart on Online retailers - Year-over-year growth 2022-2027 (%)
Exhibits 64: Data Table on Online retailers - Year-over-year growth 2022-2027 (%)
Exhibits 65: Chart on Others - Market size and forecast 2022-2027 ($ million)
Exhibits 66: Data Table on Others - Market size and forecast 2022-2027 ($ million)
Exhibits 67: Chart on Others - Year-over-year growth 2022-2027 (%)
Exhibits 68: Data Table on Others - Year-over-year growth 2022-2027 (%)
Exhibits 69: Market opportunity by Distribution Channel ($ million)
Exhibits 70: Chart on Type - Market share 2022-2027 (%)
Exhibits 71: Data Table on Type - Market share 2022-2027 (%)
Exhibits 72: Chart on Comparison by Type
Exhibits 73: Data Table on Comparison by Type
Exhibits 74: Chart on Electric - Market size and forecast 2022-2027 ($ million)
Exhibits 75: Data Table on Electric - Market size and forecast 2022-2027 ($ million)
Exhibits 76: Chart on Electric - Year-over-year growth 2022-2027 (%)
Exhibits 77: Data Table on Electric - Year-over-year growth 2022-2027 (%)
Exhibits 78: Chart on Gas - Market size and forecast 2022-2027 ($ million)
Exhibits 79: Data Table on Gas - Market size and forecast 2022-2027 ($ million)
Exhibits 80: Chart on Gas - Year-over-year growth 2022-2027 (%)
Exhibits 81: Data Table on Gas - Year-over-year growth 2022-2027 (%)
Exhibits 82: Chart on Solar - Market size and forecast 2022-2027 ($ million)
Exhibits 83: Data Table on Solar - Market size and forecast 2022-2027 ($ million)
Exhibits 84: Chart on Solar - Year-over-year growth 2022-2027 (%)
Exhibits 85: Data Table on Solar - Year-over-year growth 2022-2027 (%)
Exhibits 86: Market opportunity by Type ($ million)
Exhibits 87: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 88: Chart on Market share by geography 2022-2027 (%)
Exhibits 89: Data Table on Market share by geography 2022-2027 (%)
Exhibits 90: Chart on Geographic comparison
Exhibits 91: Data Table on Geographic comparison
Exhibits 92: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibits 93: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibits 94: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibits 95: Data Table on APAC - Year-over-year growth 2022-2027 (%)
Exhibits 96: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibits 97: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibits 98: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibits 99: Data Table on North America - Year-over-year growth 2022-2027 (%)
Exhibits 100: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibits 101: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibits 102: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibits 103: Data Table on Europe - Year-over-year growth 2022-2027 (%)
Exhibits 104: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibits 105: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibits 106: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibits 107: Data Table on South America - Year-over-year growth 2022-2027 (%)
Exhibits 108: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibits 109: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibits 110: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibits 111: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibits 112: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibits 113: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibits 114: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibits 115: Data Table on China - Year-over-year growth 2022-2027 (%)
Exhibits 116: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibits 117: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibits 118: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibits 119: Data Table on US - Year-over-year growth 2022-2027 (%)
Exhibits 120: Chart on Japan - Market size and forecast 2022-2027 ($ million)
Exhibits 121: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
Exhibits 122: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibits 123: Data Table on Japan - Year-over-year growth 2022-2027 (%)
Exhibits 124: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibits 125: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibits 126: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibits 127: Data Table on Germany - Year-over-year growth 2022-2027 (%)
Exhibits 128: Chart on India - Market size and forecast 2022-2027 ($ million)
Exhibits 129: Data Table on India - Market size and forecast 2022-2027 ($ million)
Exhibits 130: Chart on India - Year-over-year growth 2022-2027 (%)
Exhibits 131: Data Table on India - Year-over-year growth 2022-2027 (%)
Exhibits 132: Market opportunity by geography ($ million)
Exhibits 133: Impact of drivers and challenges in 2022 and 2027
Exhibits 134: Overview on Criticality of inputs and Factors of differentiation
Exhibits 135: Overview on factors of disruption
Exhibits 136: Impact of key risks on business
Exhibits 137: Vendors covered
Exhibits 138: Matrix on vendor position and classification
Exhibits 139: A. O. Smith Corp. - Overview
Exhibits 140: A. O. Smith Corp. - Business segments
Exhibits 141: A. O. Smith Corp. - Key offerings
Exhibits 142: A. O. Smith Corp. - Segment focus
Exhibits 143: AB Electrolux - Overview
Exhibits 144: AB Electrolux - Business segments
Exhibits 145: AB Electrolux - Key offerings
Exhibits 146: AB Electrolux - Segment focus
Exhibits 147: Ariston Holding NV - Overview
Exhibits 148: Ariston Holding NV - Product / Service
Exhibits 149: Ariston Holding NV - Key news
Exhibits 150: Ariston Holding NV - Key offerings
Exhibits 151: Ferroli Spa - Overview
Exhibits 152: Ferroli Spa - Product / Service
Exhibits 153: Ferroli Spa - Key offerings
Exhibits 154: Haier Smart Home Co. Ltd. - Overview
Exhibits 155: Haier Smart Home Co. Ltd. - Business segments
Exhibits 156: Haier Smart Home Co. Ltd. - Key offerings
Exhibits 157: Haier Smart Home Co. Ltd. - Segment focus
Exhibits 158: Havells India Ltd. - Overview
Exhibits 159: Havells India Ltd. - Business segments
Exhibits 160: Havells India Ltd. - Key news
Exhibits 161: Havells India Ltd. - Key offerings
Exhibits 162: Havells India Ltd. - Segment focus
Exhibits 163: Lennox International Inc. - Overview
Exhibits 164: Lennox International Inc. - Business segments
Exhibits 165: Lennox International Inc. - Key offerings
Exhibits 166: Lennox International Inc. - Segment focus
Exhibits 167: Midea India Pvt. Ltd. - Overview
Exhibits 168: Midea India Pvt. Ltd. - Product / Service
Exhibits 169: Midea India Pvt. Ltd. - Key offerings
Exhibits 170: Noritz Corp. - Overview
Exhibits 171: Noritz Corp. - Product / Service
Exhibits 172: Noritz Corp. - Key offerings
Exhibits 173: Rinnai Corp. - Overview
Exhibits 174: Rinnai Corp. - Business segments
Exhibits 175: Rinnai Corp. - Key offerings
Exhibits 176: Rinnai Corp. - Segment focus
Exhibits 177: Robert Bosch GmbH - Overview
Exhibits 178: Robert Bosch GmbH - Business segments
Exhibits 179: Robert Bosch GmbH - Key news
Exhibits 180: Robert Bosch GmbH - Key offerings
Exhibits 181: Robert Bosch GmbH - Segment focus
Exhibits 182: STIEBEL ELTRON GmbH and Co. KG - Overview
Exhibits 183: STIEBEL ELTRON GmbH and Co. KG - Product / Service
Exhibits 184: STIEBEL ELTRON GmbH and Co. KG - Key offerings
Exhibits 185: Transform Holdco LLC - Overview
Exhibits 186: Transform Holdco LLC - Product / Service
Exhibits 187: Transform Holdco LLC - Key offerings
Exhibits 188: Vaillant Group - Overview
Exhibits 189: Vaillant Group - Product / Service
Exhibits 190: Vaillant Group - Key offerings
Exhibits 191: Whirlpool Corp. - Overview
Exhibits 192: Whirlpool Corp. - Business segments
Exhibits 193: Whirlpool Corp. - Key offerings
Exhibits 194: Whirlpool Corp. - Segment focus
Exhibits 195: Inclusions checklist
Exhibits 196: Exclusions checklist
Exhibits 197: Currency conversion rates for US$
Exhibits 198: Research methodology
Exhibits 199: Validation techniques employed for market sizing
Exhibits 200: Information sources
Exhibits 201: List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the global water heater market: A. O. Smith Corp., AB Electrolux, Ariston Holding NV, Bradford White Corp., Ferroli Spa, Guangdong Vanward New Electric Co. Ltd., Haier Smart Home Co. Ltd., Havells India Ltd., Jaquar India, Hangzhou Kangquan Water Heater Co. Ltd., Lennox International Inc., Midea India Pvt. Ltd., Noritz Corp., Rheem Manufacturing Co., Rinnai Corp., Robert Bosch GmbH, STIEBEL ELTRON GmbH and Co. KG, Transform Holdco LLC, Vaillant Group, Viessmann Climate Solutions SE, and Whirlpool Corp.

Commenting on the report, an analyst from the research team said: `The latest trend gaining momentum in the market is smart and connected kitchens.`

According to the report, one of the major drivers for this market is the increasing demand for tankless water heaters.

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.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • A. O. Smith Corp.
  • AB Electrolux
  • Ariston Holding NV
  • Bradford White Corp.
  • Ferroli Spa
  • Guangdong Vanward New Electric Co. Ltd.
  • Haier Smart Home Co. Ltd.
  • Havells India Ltd.
  • Jaquar India
  • Hangzhou Kangquan Water Heater Co. Ltd.
  • Lennox International Inc.
  • Midea India Pvt. Ltd.
  • Noritz Corp.
  • Rheem Manufacturing Co.
  • Rinnai Corp.
  • Robert Bosch GmbH
  • STIEBEL ELTRON GmbH and Co. KG
  • Transform Holdco LLC
  • Vaillant Group
  • Viessmann Climate Solutions SE
  • Whirlpool Corp.