Water Heater Market by Technology (Hybrid, Storage, Tankless), Capacity (100 - 250 Liters, 250 - 400 Liters, 30 - 100 Liters), Heater, Application - Global Forecast 2024-2030

Water Heater Market by Technology (Hybrid, Storage, Tankless), Capacity (100 - 250 Liters, 250 - 400 Liters, 30 - 100 Liters), Heater, Application - Global Forecast 2024-2030


The Water Heater Market size was estimated at USD 34.29 billion in 2023 and expected to reach USD 36.78 billion in 2024, at a CAGR 7.74% to reach USD 57.82 billion by 2030.

Global Water Heater Market

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Water Heater Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Water Heater Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Water Heater Market, highlighting leading vendors and their innovative profiles. These include A.O. Smith Corporation, Ariston Holding N.V., Bajaj Electricals Ltd. by Bajaj Group, Bradford White Corporation, FERROLI S.p.A., Haier Inc., Havells India Limited, Kenmore by Sears, Roebuck and Co., Lennox International Inc., NORITZ Corporation, Paloma Co., Ltd., Rinnai Corporation, Robert Bosch GmbH, Siemens AG, and Whirlpool Corporation.

Market Segmentation & Coverage

This research report categorizes the Water Heater Market to forecast the revenues and analyze trends in each of the following sub-markets:

Technology
Hybrid
Storage
Tankless
Capacity
100 - 250 Liters
250 - 400 Liters
30 - 100 Liters
Above 400 Liters
Below 30 Liters
Heater
Electric
Gas
Solar
Application
Commercial
Industrial
Residential
Region
Americas
Argentina

Brazil

Canada

Mexico

United States
California

Florida

Illinois

New York

Ohio

Pennsylvania

Texas
Asia-Pacific
Australia

China

India

Indonesia

Japan

Malaysia

Philippines

Singapore

South Korea

Taiwan

Thailand

Vietnam
Europe, Middle East & Africa
Denmark

Egypt

Finland

France

Germany

Israel

Italy

Netherlands

Nigeria

Norway

Poland

Qatar

Russia

Saudi Arabia

South Africa

Spain

Sweden

Switzerland

Turkey

United Arab Emirates

United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Water Heater Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Water Heater Market?
3. What are the technology trends and regulatory frameworks in the Water Heater Market?
4. What is the market share of the leading vendors in the Water Heater Market?
5. Which modes and strategic moves are suitable for entering the Water Heater Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Water Heater Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing hot water demand from residential applications
5.1.1.2. Rising hot water demand from hospitals and hotels
5.1.1.3. Growing awareness about the use of renewable solutions
5.1.2. Restraints
5.1.2.1. High initial costs and ongoing maintenance costs
5.1.3. Opportunities
5.1.3.1. Government regulations on the spread of renewable gadgets
5.1.3.2. Significant expenditures in product research and innovation
5.1.4. Challenges
5.1.4.1. Stringent government regulations toward highly efficient heating equipment
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Water Heater Market, by Technology
6.1. Introduction
6.2. Hybrid
6.3. Storage
6.4. Tankless
7. Water Heater Market, by Capacity
7.1. Introduction
7.2. 100 - 250 Liters
7.3. 250 - 400 Liters
7.4. 30 - 100 Liters
7.5. Above 400 Liters
7.6. Below 30 Liters
8. Water Heater Market, by Heater
8.1. Introduction
8.2. Electric
8.3. Gas
8.4. Solar
9. Water Heater Market, by Application
9.1. Introduction
9.2. Commercial
9.3. Industrial
9.4. Residential
10. Americas Water Heater Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States
11. Asia-Pacific Water Heater Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam
12. Europe, Middle East & Africa Water Heater Market
12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom
13. Competitive Landscape
13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
14. Competitive Portfolio
14.1. Key Company Profiles
14.1.1. A.O. Smith Corporation
14.1.2. Ariston Holding N.V.
14.1.3. Bajaj Electricals Ltd. by Bajaj Group
14.1.4. Bradford White Corporation
14.1.5. FERROLI S.p.A.
14.1.6. Haier Inc.
14.1.7. Havells India Limited
14.1.8. Kenmore by Sears, Roebuck and Co.
14.1.9. Lennox International Inc.
14.1.10. NORITZ Corporation
14.1.11. Paloma Co., Ltd.
14.1.12. Rinnai Corporation
14.1.13. Robert Bosch GmbH
14.1.14. Siemens AG
14.1.15. Whirlpool Corporation
14.2. Key Product Portfolio
15. Appendix
15.1. Discussion Guide
15.2. License & Pricing
FIGURE 1. WATER HEATER MARKET RESEARCH PROCESS
FIGURE 2. WATER HEATER MARKET SIZE, 2023 VS 2030
FIGURE 3. WATER HEATER MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. WATER HEATER MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. WATER HEATER MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. WATER HEATER MARKET DYNAMICS
FIGURE 7. WATER HEATER MARKET SIZE, BY TECHNOLOGY, 2023 VS 2030 (%)
FIGURE 8. WATER HEATER MARKET SIZE, BY TECHNOLOGY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. WATER HEATER MARKET SIZE, BY CAPACITY, 2023 VS 2030 (%)
FIGURE 10. WATER HEATER MARKET SIZE, BY CAPACITY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. WATER HEATER MARKET SIZE, BY HEATER, 2023 VS 2030 (%)
FIGURE 12. WATER HEATER MARKET SIZE, BY HEATER, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. WATER HEATER MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 14. WATER HEATER MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. AMERICAS WATER HEATER MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 16. AMERICAS WATER HEATER MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. UNITED STATES WATER HEATER MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 18. UNITED STATES WATER HEATER MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. ASIA-PACIFIC WATER HEATER MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. ASIA-PACIFIC WATER HEATER MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. EUROPE, MIDDLE EAST & AFRICA WATER HEATER MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. EUROPE, MIDDLE EAST & AFRICA WATER HEATER MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. WATER HEATER MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 24. WATER HEATER MARKET SHARE, BY KEY PLAYER, 2023

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