Electric Water Heater Market: Global Market Size, Forecast, Insights, and Competitive Landscape
The global electric water heater market is expected to grow at a CAGR of around 4.5% during 2025-2034. This report on global electric water heater market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global electric water heater market by segmenting the market based on product type, capacity, distribution channel, end user, and region. Also, detailed profiles of companies operating in the electric water heater market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
• Improving Electrification Rates along with Growing Accessibility
• Availability of Wide-Ranging Capacity Systems
Market Challenges
• High Installation Cost
• Availability of Counterparts
Historical & Forecast Period
Base Year: 2024
Historical Period: 2020-2024
Forecast Period: 2025-2034
Market by Product Type
• Tank
• Tankless
Market by Capacity
• Less Than 100 Liters
• 100 to 400 Liters
• More Than 400 Liters
Market by Distribution Channel
• Online
• Offline
Market by End User
• Residential
• Commercial
• Industrial
Market by Region
• Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Netherlands
Rest of Europe
• North America
United States
Canada
• Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Rest of Asia Pacific
• Latin America
Mexico
Brazil
Argentina
Rest of Latin America
• Middle East & Africa
Saudi Arabia
Turkey
Iran
UAE
Rest of Middle East & Africa
- 1. Preface
- 1.1 Objective
- 1.2 Target Audience & Key Offerings
- 1.3 Report’s Scope
- 1.4 Research Methodology
- 1.4.1 Phase I
- 1.4.2 Phase II
- 1.4.3 Phase III
- 1.5 Assumptions
- 2. Key Insights
- 3. Global Electric Water Heater Market
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Challenges
- 4. Global Electric Water Heater Market Analysis
- 4.1. Market Portraiture
- 4.2. Market Size
- 4.3. Market Forecast
- 4.4. Impact of COVID-19
- 5. Global Electric Water Heater Market by Product Type
- 5.1. Introduction
- 5.2. Tank
- 5.3. Tankless
- 6. Global Electric Water Heater Market by Capacity
- 6.1. Introduction
- 6.2. Less Than 100 Liters
- 6.3. 100 to 400 Liters
- 6.4. More Than 400 Liters
- 7. Global Electric Water Heater Market by Distribution Channel
- 7.1. Introduction
- 7.2. Online
- 7.3. Offline
- 8. Global Electric Water Heater Market by End User
- 8.1. Introduction
- 8.2. Residential
- 8.3. Commercial
- 8.4. Industrial
- 9. Global Electric Water Heater Market by Region
- 9.1. Introduction
- 9.2. Europe
- 9.2.1. Germany
- 9.2.2. United Kingdom
- 9.2.3. France
- 9.2.4. Italy
- 9.2.5. Spain
- 9.2.6. Russia
- 9.2.7. Netherlands
- 9.2.8. Rest of the Europe
- 9.3. North America
- 9.3.1. United States
- 9.3.2. Canada
- 9.4. Asia Pacific
- 9.4.1. China
- 9.4.2. Japan
- 9.4.3. India
- 9.4.4. South Korea
- 9.4.5. Australia
- 9.4.6. Indonesia
- 9.4.7. Rest of the Asia Pacific
- 9.5. Latin America
- 9.5.1. Mexico
- 9.5.2. Brazil
- 9.5.3. Argentina
- 9.5.4. Rest of Latin America
- 9.6. Middle East & Africa
- 9.6.1. Saudi Arabia
- 9.6.2. Turkey
- 9.6.3. Iran
- 9.6.4. United Arab Emirates
- 9.6.5. Rest of Middle East & Africa
- 10. SWOT Analysis
- 11. Porter’s Five Forces
- 12. Market Value Chain Analysis
- 13. Competitive Landscape
- 13.1. Competitive Scenario
- 13.2. Company Profiles
- 13.2.1. A.O. Smith
- 13.2.2. Ariston Thermo
- 13.2.3. Bajaj Electricals
- 13.2.4. Bradford White
- 13.2.5. Crompton Greaves
- 13.2.6. General Electric
- 13.2.7. Haier
- 13.2.8. Rheem Manufacturing
- 13.2.9. Rochling Group
- 13.2.10. Siemens
- List of Figures
- Figure 1: Global Electric Water Heater Market (in US$ Million), 2020-2024
- Figure 2: Global Electric Water Heater Market by Product Type, 2024
- Figure 3: Global Electric Water Heater Market by Capacity, 2024
- Figure 4: Global Electric Water Heater Market by Distribution Channel, 2024
- Figure 5: Global Electric Water Heater Market by End User, 2024
- Figure 6: Global Electric Water Heater Market by Region, 2024
- Figure 7: Global Electric Water Heater Market (in US$ Million), 2025-2034
- Figure 8: Global Electric Water Heater Market by Product Type (in %), 2024 & 2034
- Figure 9: Global Tank Electric Water Heater Market (in US$ Million), 2020-2024
- Figure 10: Global Tank Electric Water Heater Market (in US$ Million), 2025-2034
- Figure 11: Global Tankless Electric Water Heater Market (in US$ Million), 2020-2024
- Figure 12: Global Tankless Electric Water Heater Market (in US$ Million), 2025-2034
- Figure 13: Global Electric Water Heater Market by Capacity (in %), 2024 & 2034
- Figure 14: Global Less Than 100 Electric Water Heater Market (in US$ Million), 2020-2024
- Figure 15: Global Less Than 100 Electric Water Heater Market (in US$ Million), 2025-2034
- Figure 16: Global 100 to 400 Liters Electric Water Heater Market (in US$ Million), 2020-2024
- Figure 17: Global 100 to 400 Liters Electric Water Heater Market (in US$ Million), 2025-2034
- Figure 18: Global More Than 400 Liters Electric Water Heater Market (in US$ Million), 2020-2024
- Figure 19: Global More Than 400 Liters Electric Water Heater Market (in US$ Million), 2025-2034
- Figure 20: Global Electric Water Heater Market by Distribution Channel (in %), 2024 & 2034
- Figure 21: Global Online Electric Water Heater Market (in US$ Million), 2020-2024
- Figure 22: Global Online Electric Water Heater Market (in US$ Million), 2025-2034
- Figure 23: Global Offline Electric Water Heater Market (in US$ Million), 2020-2024
- Figure 24: Global Offline Electric Water Heater Market (in US$ Million), 2025-2034
- Figure 25: Global Electric Water Heater Market by End User (in %), 2024 & 2034
- Figure 26: Global Residential Electric Water Heater Market (in US$ Million), 2020-2024
- Figure 27: Global Residential Electric Water Heater Market (in US$ Million), 2025-2034
- Figure 28: Global Commercial Electric Water Heater Market (in US$ Million), 2020-2024
- Figure 29: Global Commercial Electric Water Heater Market (in US$ Million), 2025-2034
- Figure 30: Global Industrial Electric Water Heater Market (in US$ Million), 2020-2024
- Figure 31: Global Industrial Electric Water Heater Market (in US$ Million), 2025-2034
- Figure 32: Global Electric Water Heater Market by Region (in %), 2024 & 2034
- Figure 33: Europe Electric Water Heater Market (in US$ Million), 2020-2024
- Figure 34: Europe Electric Water Heater Market (in US$ Million), 2025-2034
- Figure 35: Europe Electric Water Heater Market by Country (in %), 2024 & 2034
- Figure 36: Germany Electric Water Heater Market (in US$ Million), 2020-2034
- Figure 37: United Kingdom Electric Water Heater Market (in US$ Million), 2020-2034
- Figure 38: France Electric Water Heater Market (in US$ Million), 2020-2034
- Figure 39: Italy Electric Water Heater Market (in US$ Million), 2020-2034
- Figure 40: Spain Electric Water Heater Market (in US$ Million), 2020-2034
- Figure 41: Russia Electric Water Heater Market (in US$ Million), 2020-2034
- Figure 42: Netherlands Electric Water Heater Market (in US$ Million), 2020-2034
- Figure 43: North America Electric Water Heater Market (in US$ Million), 2020-2024
- Figure 44: North America Electric Water Heater Market (in US$ Million), 2025-2034
- Figure 45: North America Electric Water Heater Market by Country (in %), 2024 & 2034
- Figure 46: United States Electric Water Heater Market (in US$ Million), 2020-2034
- Figure 47: Canada Electric Water Heater Market (in US$ Million), 2020-2034
- Figure 48: Asia Pacific Electric Water Heater Market (in US$ Million), 2020-2024
- Figure 49: Asia Pacific Electric Water Heater Market (in US$ Million), 2025-2034
- Figure 50: Asia Pacific Electric Water Heater Market by Country (in %), 2024 & 2034
- Figure 51: China Electric Water Heater Market (in US$ Million), 2020-2034
- Figure 52: Japan Electric Water Heater Market (in US$ Million), 2020-2034
- Figure 53: India Electric Water Heater Market (in US$ Million), 2020-2034
- Figure 54: South Korea Electric Water Heater Market (in US$ Million), 2020-2034
- Figure 55: Australia Electric Water Heater Market (in US$ Million), 2020-2034
- Figure 56: Indonesia Electric Water Heater Market (in US$ Million), 2020-2034
- Figure 57: Latin America Electric Water Heater Market (in US$ Million), 2020-2024
- Figure 58: Latin America Electric Water Heater Market (in US$ Million), 2025-2034
- Figure 59: Latin America Electric Water Heater Market by Country (in %), 2024 & 2034
- Figure 60: Mexico Electric Water Heater Market (in US$ Million), 2020-2034
- Figure 61: Brazil Electric Water Heater Market (in US$ Million), 2020-2034
- Figure 62: Argentina Electric Water Heater Market (in US$ Million), 2020-2034
- Figure 63: Middle East & Africa Electric Water Heater Market (in US$ Million), 2020-2024
- Figure 64: Middle East & Africa Electric Water Heater Market (in US$ Million), 2025-2034
- Figure 65: Middle East & Africa Electric Water Heater Market by Country (in %), 2024 & 2034
- Figure 66: Saudi Arabia Electric Water Heater Market (in US$ Million), 2020-2034
- Figure 67: Turkey Electric Water Heater Market (in US$ Million), 2020-2034
- Figure 68: Iran Electric Water Heater Market (in US$ Million), 2020-2034
- Figure 69: UAE Electric Water Heater Market (in US$ Million), 2020-2034
- Figure 70: Market Value Chain
- List of Tables
- Table 1: Global Electric Water Heater Market Portraiture
- Table 2: Global Electric Water Heater Market by Product Type (in US$ Million), 2024 & 2034
- Table 3: Global Electric Water Heater Market by Capacity (in US$ Million), 2024 & 2034
- Table 4: Global Electric Water Heater Market by Distribution Channel (in US$ Million), 2024 & 2034
- Table 5: Global Electric Water Heater Market by End User (in US$ Million), 2024 & 2034
- Table 6: Global Electric Water Heater Market by Region (in US$ Million), 2024 & 2034
- Table 7: Europe Electric Water Heater Market by Country (in US$ Million), 2024 & 2034
- Table 8: North America Electric Water Heater Market by Country (in US$ Million), 2024 & 2034
- Table 9: Asia Pacific Electric Water Heater Market by Country (in US$ Million), 2024 & 2034
- Table 10: Latin America Electric Water Heater Market by Country (in US$ Million), 2024 & 2034
- Table 11: Middle East & Africa Electric Water Heater Market by Country (in US$ Million), 2024 & 2034
- Table 12: List of Key Players
Research Assistance
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