Global Storage Electric Water Heater Market Growth 2025-2031

The global Storage Electric Water Heater market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

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 people"s 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.

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

This Insight Report provides a comprehensive analysis of the global Storage Electric Water Heater 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 Storage Electric Water Heater portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Storage Electric Water Heater market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Storage Electric Water Heater 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 Storage Electric Water Heater.

This report presents a comprehensive overview, market shares, and growth opportunities of Storage Electric Water Heater market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Wall-Mounted
Floor-Standing

Segmentation by Application:
Domestic
Commercial

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.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Storage Electric Water Heater market?

What factors are driving Storage Electric Water Heater market growth, globally and by region?

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

How do Storage Electric Water Heater market opportunities vary by end market size?

How does Storage Electric Water Heater break out by Type, by Application?

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