Argentina Water Heater Market Overview, 2028

Argentina Water Heater Market Overview, 2028

Argentina's climate varies widely from north to south and east to west. In the northern regions, where temperatures are often hot and humid, water heaters are primarily used for bathing and domestic purposes. In contrast, in the southern and colder regions, water heaters are essential for providing hot water for space heating as well as bathing. Natural gas is widely available and relatively affordable in Argentina. As a result, gas-powered water heaters, known as ""calefones,"" are extremely popular. These tank-style water heaters heat water using gas burners and are common in households across the country. Given the rising energy costs in Argentina, there is a growing awareness of the importance of energy-efficient appliances, including water heaters. Consumers are increasingly looking for models with higher energy efficiency ratings to reduce their utility bills. Many Argentinian households place a strong emphasis on regular maintenance of their water heaters. This includes cleaning burners, inspecting for gas leaks, and ensuring proper ventilation for gas-powered units. Proper maintenance helps prolong the life of the appliance and ensures safety. In urban areas, apartment living is common, and water heaters are typically located within individual apartments. This means that residents are responsible for the maintenance and operation of their own units. Economic factors, such as inflation and currency fluctuations, can influence the purchasing decisions of consumers. Affordability and long-term cost considerations play a role in the choice of water heaters. While professional installation services are common, there is also a culture of DIY (Do-It-Yourself) when it comes to water heater maintenance and basic repairs. Many homeowners are knowledgeable about the maintenance of their water heaters and prefer to handle minor issues themselves.

According to the research report, “Argentina Water Heater Market Overview, 2028” published by Bonafide Research, the Argentina Water Heater market was valued at more than USD 200 Million market size in 2022. Water heaters with smart features, including Wi-Fi connectivity and mobile app control, were emerging in the market. These connected devices allowed users to monitor and control their water heaters remotely, optimizing energy usage and convenience. Many older water heaters reached the end of their lifespan, leading to replacements. Consumers and businesses often opted for more energy-efficient models when upgrading or replacing their existing units. Water heater manufacturers in Argentina were investing in research and development to introduce advanced technologies. This included innovations in burner efficiency, tank materials, and insulation to enhance overall performance and reduce energy consumption. Heat recovery systems were being employed in commercial and industrial settings to capture and reuse waste heat from water heating processes. This practice improved overall energy efficiency and reduced operating costs. Many consumers opted for professional installation services when purchasing a new water heater. Professional installation ensured compliance with safety regulations and proper operation. Some communities or groups organized savings clubs or cooperative buying arrangements for household appliances, including water heaters. This collective approach helped members secure better prices and financing options. Heat pump water heaters were gaining attention as an energy-efficient alternative to traditional gas-powered heaters. These systems extract heat from the surrounding air and use it to heat water, making them highly efficient, especially in regions with a mild climate.

Argentina is known for its abundant sunlight, particularly in regions like the northwest, where solar energy potential is high. This availability of sunlight makes solar water heaters a particularly attractive and environmentally friendly option for water heating. Solar water heaters harness sunlight as a free and abundant energy source, reducing reliance on electricity or gas for water heating. As energy costs rise, consumers and businesses are increasingly motivated to adopt solar water heaters to achieve significant energy cost savings over time. Solar water heaters provide a degree of energy independence, reducing vulnerability to energy price fluctuations and supply disruptions. This appeals to consumers and businesses looking to secure a reliable source of hot water. Solar water heaters are considered a long-term investment. While they may have a higher upfront cost compared to some traditional water heaters, their durability and low operating costs over their lifespan make them a financially attractive choice for many. As older water heating systems reach the end of their lifespan, consumers and businesses often opt to replace them with newer and more efficient solar water heaters. In addition based on capacity, the 100-250 litres capacity range is well-suited for meeting the hot water needs of typical Argentinean households. It can efficiently provide enough hot water for daily activities such as bathing, washing dishes, and laundry. Most households fall within this capacity range, which is why it enjoys high demand. In Argentina, families often consist of multiple members, and the 100-250 litres capacity range is adequate to meet the hot water demands of an average family. It can provide hot water for showers, cooking, and cleaning tasks, making it a popular choice for residential use. Water heaters in the 100-250 litres capacity range can have a reasonably quick recovery time. This means they can reheat the water in the tank relatively quickly, ensuring a continuous supply of hot water during peak usage times.

Storage water heaters have a long history and tradition in Argentina. Consumers and businesses are accustomed to these systems, and they have been widely used for residential and commercial water heating needs for many years. This familiarity leads to a high level of consumer confidence in storage water heaters. Storage water heaters store a substantial amount of hot water in a tank, which ensures a continuous and reliable supply of hot water when needed. This feature is highly valued by consumers who prioritize consistent access to hot water for bathing, cleaning, and other daily activities. Storage water heaters are often more cost-effective than some alternative technologies, such as tankless or solar water heaters, when considering the initial purchase price. This affordability makes them an attractive option for a wide range of consumers and businesses. Storage water heaters can have relatively quick recovery times, allowing them to reheat the stored water in the tank efficiently. This is beneficial for homes and businesses with high hot water demand or simultaneous hot water needs. Storage water heaters are relatively easy to install, making them a convenient choice for homeowners and businesses seeking a hassle-free hot water solution. In addition, based on application, Argentina is a popular tourist destination with a thriving hospitality industry, including hotels, resorts, and restaurants. The hospitality sector requires a constant and significant supply of hot water for guest rooms, restaurants, swimming pools, and other amenities. As tourism continues to grow, so does the demand for water heaters in the commercial sector. Facilities such as gyms, sports clubs, and aquatic centers require hot water for showers, swimming pools, and other amenities. The growth of sports and recreation facilities has contributed to the demand for commercial water heaters. Large shopping malls and retail complexes often feature public restrooms and food courts that require hot water for handwashing and food preparation. As commercial spaces expand, so does the need for water heaters.

Considered in this report:
• Geography: Argentina
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• Argentina Water Heater market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product
• Electric
• Solar
• Gas

By Technology
• Tankless
• Storage
• Hybrid

By Capacity
• Below 30 Litres
• 30-100 Litres
• 100-250 Litres
• 250-400 Litres
• Above 400 Litres

By Application
• Residential
• Commercial

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Water Heater industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.