Residential Water Heater Market 2025-2029
The residential water heater market is forecasted to grow by USD 6328.5 mn during 2024-2029, accelerating at a CAGR of 6.1% during the forecast period. The report on the residential 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 product launches, rising disposable incomes, and urbanization and smart cities.
Technavio's residential water heater market is segmented as below:
By Type
By Distribution Channel
- Specialty stores
- Department stores and supermarkets
- Online retailers
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the growing fundings as one of the prime reasons driving the residential water heater market growth during the next few years. Also, growing strategic acquisitions and expansion of facilities will lead to sizable demand in the market.
The report on the residential water heater market covers the following areas:
- Residential Water Heater Market sizing
- Residential Water Heater Market forecast
- Residential 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 residential water heater market vendors that include A. O. Smith Corp., Ariston Holding NV, Bradford White Corp., Eemax Inc., General Electric Co., Haier Smart Home Co. Ltd., Havells India Ltd., Lennox International Inc., Modine Manufacturing Company, Navien Inc., Noritz Corp., Rheem Manufacturing Co., Rinnai America Corp., STIEBEL ELTRON GmbH & Co, Transform Holdco LLC, Vaillant Group International GmbH, Westinghouse Electric Corp, and Whirlpool Corp.. Also, the residential 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 primary and secondary research. 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.