Global Domestic Hot Water (DHW) Tanks Market Growth 2025-2031

The global Domestic Hot Water (DHW) Tanks market size is predicted to grow from US$ 193 million in 2025 to US$ 230 million in 2031; it is expected to grow at a CAGR of 2.9% from 2025 to 2031.

Domestic Hot Water (DHW) Tank uses outdoor air to heat your hot water supply. Unlike standard air-to-water heat pumps, this particular heat pump only provides domestic hot water for showers and sinks. This system is an ideal choice for homes with or without space heating (radiators/heat pump convectors).

United States market for Domestic Hot Water (DHW) Tanks is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Domestic Hot Water (DHW) Tanks is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Domestic Hot Water (DHW) Tanks is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Domestic Hot Water (DHW) Tanks players cover Panasonic, Daikin, LG, Bosch Thermotechnik, Ochsner, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LP Information, Inc. (LPI) ' newest research report, the “Domestic Hot Water (DHW) Tanks Industry Forecast” looks at past sales and reviews total world Domestic Hot Water (DHW) Tanks sales in 2024, providing a comprehensive analysis by region and market sector of projected Domestic Hot Water (DHW) Tanks sales for 2025 through 2031. With Domestic Hot Water (DHW) Tanks sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Domestic Hot Water (DHW) Tanks industry.

This Insight Report provides a comprehensive analysis of the global Domestic Hot Water (DHW) Tanks landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Domestic Hot Water (DHW) Tanks portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Domestic Hot Water (DHW) Tanks market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Domestic Hot Water (DHW) Tanks and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Domestic Hot Water (DHW) Tanks.

This report presents a comprehensive overview, market shares, and growth opportunities of Domestic Hot Water (DHW) Tanks market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Monobloc Type
Split Type

Segmentation by Application:
Residential
Commercial
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Panasonic
Daikin
LG
Bosch Thermotechnik
Ochsner
Stiebel Eltron GmbH & Co.
NIBE
Dimplex
Fujitsu General
De Dietrich
Kronoterm
Vaillant
Vindsor
Rinnai
Intaflo Hydronics
Viessmann Climate Solutions SE
Gree Electric
Midea

Key Questions Addressed in this Report

What is the 10-year outlook for the global Domestic Hot Water (DHW) Tanks market?

What factors are driving Domestic Hot Water (DHW) Tanks market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Domestic Hot Water (DHW) Tanks market opportunities vary by end market size?

How does Domestic Hot Water (DHW) Tanks break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.