Water Heaters Global Market Report 2025

Water Heaters Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on water heaters market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Description:

Where is the largest and fastest growing market for water heaters ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The water heaters market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope

Markets Covered:1) By Product Type: Solar Heaters, Electric Heaters, Gas and Propane Heaters, Geothermal Heaters

2) By Distribution channel: Supermarket/Hypermarket, Specialty Stores, E-Commerce, Other Distribution Channels

3) By End User: Residential, Commercial, Industrial

Subsegments:

1) By Solar Heaters: Active Solar Water Heating Systems; Passive Solar Water Heating Systems; Solar Pool Heaters

2) By Electric Heaters: Tank Electric Water Heaters; Tankless Electric Water Heaters; Heat Pump Water Heaters

3) By Gas And Propane Heaters: Tank Gas Water Heaters; Tankless Gas Water Heaters; Condensing Gas Water Heaters

4) By Geothermal Heaters: Ground Source Heat Pumps; Water Source Heat Pumps; Direct Exchange Systems

Companies Mentioned: A. O. Smith Corporation; Rinnai Corporation; Vaillant Group; Ariston Thermo Group; Rheem Manufacturing Company

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery format: PDF, Word and Excel Data Dashboard.


1. Executive Summary
2. Water Heaters Market Characteristics
3. Water Heaters Market Trends And Strategies
4. Water Heaters Market - Macro Economic Scenario including the impact of Interest Rates, Inflation, Geopolitics and Covid And Recovery on the Market
5. Global Water Heaters Growth Analysis And Strategic Analysis Framework
5.1. Global Water Heaters PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis Of End Use Industries
5.3. Global Water Heaters Market Growth Rate Analysis
5.4. Global Water Heaters Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
5.5. Global Water Heaters Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
5.6. Global Water Heaters Total Addressable Market (TAM)
6. Water Heaters Market Segmentation
6.1. Global Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Solar Heaters
Electric Heaters
Gas and Propane Heaters
Geothermal Heaters
6.2. Global Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Supermarket/Hypermarket
Specialty Stores
E-Commerce
Other Distribution Channels
6.3. Global Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Residential
Commercial
Industrial
6.4. Global Water Heaters Market, Sub-Segmentation Of Solar Heaters, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Active Solar Water Heating Systems
Passive Solar Water Heating Systems
Solar Pool Heaters
6.5. Global Water Heaters Market, Sub-Segmentation Of Electric Heaters, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Tank Electric Water Heaters
Tankless Electric Water Heaters
Heat Pump Water Heaters
6.6. Global Water Heaters Market, Sub-Segmentation Of Gas And Propane Heaters, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Tank Gas Water Heaters
Tankless Gas Water Heaters
Condensing Gas Water Heaters
6.7. Global Water Heaters Market, Sub-Segmentation Of Geothermal Heaters, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Ground Source Heat Pumps
Water Source Heat Pumps
Direct Exchange Systems
7. Water Heaters Market Regional And Country Analysis
7.1. Global Water Heaters Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Water Heaters Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8. Asia-Pacific Water Heaters Market
8.1. Asia-Pacific Water Heaters Market Overview
Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.4. Asia-Pacific Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
9. China Water Heaters Market
9.1. China Water Heaters Market Overview
9.2. China Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.4. China Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
10. India Water Heaters Market
10.1. India Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.3. India Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11. Japan Water Heaters Market
11.1. Japan Water Heaters Market Overview
11.2. Japan Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.4. Japan Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12. Australia Water Heaters Market
12.1. Australia Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.3. Australia Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13. Indonesia Water Heaters Market
13.1. Indonesia Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.3. Indonesia Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14. South Korea Water Heaters Market
14.1. South Korea Water Heaters Market Overview
14.2. South Korea Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.4. South Korea Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15. Western Europe Water Heaters Market
15.1. Western Europe Water Heaters Market Overview
15.2. Western Europe Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.4. Western Europe Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16. UK Water Heaters Market
16.1. UK Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.3. UK Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17. Germany Water Heaters Market
17.1. Germany Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.3. Germany Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18. France Water Heaters Market
18.1. France Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.3. France Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19. Italy Water Heaters Market
19.1. Italy Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.3. Italy Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20. Spain Water Heaters Market
20.1. Spain Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.3. Spain Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21. Eastern Europe Water Heaters Market
21.1. Eastern Europe Water Heaters Market Overview
21.2. Eastern Europe Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.4. Eastern Europe Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22. Russia Water Heaters Market
22.1. Russia Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.3. Russia Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23. North America Water Heaters Market
23.1. North America Water Heaters Market Overview
23.2. North America Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.4. North America Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24. USA Water Heaters Market
24.1. USA Water Heaters Market Overview
24.2. USA Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.4. USA Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25. Canada Water Heaters Market
25.1. Canada Water Heaters Market Overview
25.2. Canada Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.4. Canada Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26. South America Water Heaters Market
26.1. South America Water Heaters Market Overview
26.2. South America Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.4. South America Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27. Brazil Water Heaters Market
27.1. Brazil Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.3. Brazil Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28. Middle East Water Heaters Market
28.1. Middle East Water Heaters Market Overview
28.2. Middle East Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.4. Middle East Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29. Africa Water Heaters Market
29.1. Africa Water Heaters Market Overview
29.2. Africa Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.4. Africa Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
30. Water Heaters Market Competitive Landscape And Company Profiles
30.1. Water Heaters Market Competitive Landscape
30.2. Water Heaters Market Company Profiles
30.2.1. A. O. Smith Corporation Overview, Products and Services, Strategy and Financial Analysis
30.2.2. Rinnai Corporation Overview, Products and Services, Strategy and Financial Analysis
30.2.3. Vaillant Group Overview, Products and Services, Strategy and Financial Analysis
30.2.4. Ariston Thermo Group Overview, Products and Services, Strategy and Financial Analysis
30.2.5. Rheem Manufacturing Company Overview, Products and Services, Strategy and Financial Analysis
31. Water Heaters Market Other Major And Innovative Companies
31.1. Viessmann Group
31.2. Haier Smart Home Co., Ltd.
31.3. Bradford White Corporation
31.4. Robert Bosch GmbH
31.5. Bajaj Electricals Ltd
31.6. Crompton Greaves Consumer Electricals Ltd.
31.7. Havells India Ltd.
31.8. Taian Haoli Solar Energy Technology Co., Ltd.
31.9. AquaWorld Group Co., Ltd.
31.10. Changzhou XNE Technology Co., Ltd.
31.11. Guangdong PHNIX Eco-Energy Solution Ltd.
31.12. Siemens AG
31.13. Stiebel Eltron International GmbH
31.14. Telford Copper & Stainless Cylinders
31.15. Hamworthy Heating
32. Global Water Heaters Market Competitive Benchmarking And Dashboard
33. Key Mergers And Acquisitions In The Water Heaters Market
34. Recent Developments In The Water Heaters Market
35. Water Heaters Market High Potential Countries, Segments and Strategies
35.1 Water Heaters Market In 2029 - Countries Offering Most New Opportunities
35.2 Water Heaters Market In 2029 - Segments Offering Most New Opportunities
35.3 Water Heaters Market In 2029 - Growth Strategies
35.3.1 Market Trend Based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer

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