Global Storage Electric Water Heater Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Storage Electric Water Heater market size was valued at US$ million in 2024 and is forecast to a readjusted size of USD million by 2031 with a CAGR of %during review period.

Water storage electric water heater refers to a fixed appliance that heats water, which can store hot water for a long time or temporarily, and is equipped with a device to control or limit the water temperature. Water storage type electric water heaters are commonly used in households, which are easy to install and not expensive, but need to be heated for a long time and can be used after reaching a certain temperature.

The electric water heater market has developed rapidly and has become an important part of the home appliance market.

The scale of the electric water heater market continues to expand: With peoples pursuit of quality of life, the market scale continues to expand, and consumers demand for electric water heaters is also slowly increasing.

Product quality and design are constantly improving: The product quality and design of electric water heaters are constantly improving, and consumers brand awareness of electric water heaters is getting higher and higher.

Safety and reliability have been further improved: the safety and reliability of electric water heaters have been further improved, new electric water heater products adopt a variety of safety protection measures, and consumers have higher and higher safety requirements for electric water heaters.

Intelligent functions have been widely used: The intelligent functions of electric water heaters have been widely used, such as intelligent constant temperature, intelligent control, appointment timing, etc., making the use of electric water heaters more convenient and intelligent.

Development trend of electric water heater:

Energy saving will become the direction of development: With the continuous improvement of energy saving and environmental protection awareness, the demand for environmental protection and energy saving of electric water heaters is also slowly increasing. In the future, electric water heaters will pay more attention to energy saving and environmental performance improvement.

Intelligence will become the mainstream: with the advancement of artificial intelligence technology, the intelligent development trend of electric water heaters will become more obvious, and the products of electric water heaters will be more intelligent and humanized in the future.

Product diversification will become a trend: Consumers demand for electric water heater products is becoming more and more diversified, and the product types of electric water heaters will be more abundant in the future, such as miniaturization, multi-function, personalization and so on.

Online channels will gradually become the mainstream: With the development of Internet technology in recent years, online sales have become an important channel for electric water heater manufacturers, and online sales will gradually become the mainstream direction in the future.

This report is a detailed and comprehensive analysis for global Storage Electric Water Heater market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Storage Electric Water Heater market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Storage Electric Water Heater market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Storage Electric Water Heater market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Storage Electric Water Heater market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Storage Electric Water Heater

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Storage Electric Water Heater market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Hotpool Industries Ltd., Jiangsu Gomon New Energy Co., Ltd., Guangdong SMALES Electric Appliance Co., Ltd., Viessmann Group, German Pool, GMO Hot Water, CLAGE, Bradford White Corporation, Noritz Corporation, Robert Bosch GmbH, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Storage Electric Water Heater market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Wall-Mounted
Floor-Standing

Market segment by Application
Domestic
Commercial

Major players covered
Hotpool Industries Ltd.
Jiangsu Gomon New Energy Co., Ltd.
Guangdong SMALES Electric Appliance Co., Ltd.
Viessmann Group
German Pool
GMO Hot Water
CLAGE
Bradford White Corporation
Noritz Corporation
Robert Bosch GmbH
V-Guard Industries Ltd.
Rheem Manufacturing Company
Rinnai
Crompton Greaves Ltd.
Electrolux
Heat Transfer Products Inc.
Midea Group

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Storage Electric Water Heater product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Storage Electric Water Heater, with price, sales quantity, revenue, and global market share of Storage Electric Water Heater from 2020 to 2025.

Chapter 3, the Storage Electric Water Heater competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Storage Electric Water Heater breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Storage Electric Water Heater market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Storage Electric Water Heater.

Chapter 14 and 15, to describe Storage Electric Water Heater sales channel, distributors, customers, research findings and conclusion.