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A water heater or storage water heater is a domestic water heating appliance that uses hot water storage tank to optimize heating capacity provide prompt hot water whenever needed. Different type of fuel is used for water heating including natural gas, fuel gas, electricity, and solar energy. The solar water heater is one of the fastest growing segment in the global water heater market. Consumers are increasingly shifting towards renewable energy, owing to growing awareness regarding benefits of renewable energy, cost-efficiency, and better results. Solar heaters are widely installed in residential as well as commercial building, in order to reduce electricity bills. Moreover, governments of various countries offer low interest loans and subsidies for solar heater installation, which in turn, is expected to increase adoption of solar water heaters in the near future.

Increasing development of construction industry in emerging economies such as India and China is expected to boost the demand for water heaters during the forecast period. Furthermore, longer product life, easy reimbursement and replacement, and efficient aftermarket service are expected to drive the global water heater market growth during the forecast period.

Market Taxonomy

This report segments the global Water Heater Market on the basis of product type, storage type, end use and region. On the basis of product type, the market is segmented into solar heaters, electric heaters, Gas and Propane Heaters, and geothermal heaters. On the basis of storage type, the market is segmented into storage heater (tank type), tankless heater, and hybrid (heat pump) heaters. On the basis of end use, the market is segmented into residential and commercial. For a comprehensive understanding of market dynamics, the market is analyzed across key geographical regions, namely, North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Each of these regions is analyzed on the basis of market findings across major countries in these regions, for a macro-level understanding of the market.

Key features of the study:

  • This report provides an in-depth analysis of the global Water Heater Market with market size (Thousand Units & US$ Million) and CAGR (%) over the forecast period: 2019 – 2027, considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by leading players
  • It profiles leading players in the global Water Heater Market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
  • Key companies covered as part of this study include A. O. Smith Corporation, Zhongshan Inse Group Co, Ltd., Haier Electronics Group Co., Ltd., Himin Solar Co., Ltd., Ariston Thermo Group, Genrui, Bajaj Electricals Ltd., Rheem Manufacturing Company, Jiaxing Jinyi Solar Energy Technology Co, Ltd., Noritz Corporation, SIEMENS AG, Bradford White Corp., and Venus Home Appliances (P) Ltd. among others.
  • Insights from this report will allow marketers and management authorities of companies to make informed decisions with respect to future product launches, technology upgrades, market expansion, and marketing tactics
  • Various strategy matrices used in analyzing the global Water Heater Market would provide stakeholders vital inputs to make strategic decisions accordingly

Detailed Segmentation:

  • Global Water Heater Market, By Product Type:
    • Direct TPMS
    • Indirect TPMS
  • Global Water Heater Market, By Vehicle Type:
    • Passenger Car
    • LCV
    • HCV
  • Global Water Heater Market, By Sales Channel:
    • OEM
    • Aftermarket
  • Global Water Heater Market, By Region:
    • North America
      • By Country
        • U.S.
        • Canada
      • By Segmentation
        • By Product Type:
          • Direct TPMS
          • Indirect TPMS
        • By Vehicle Type:
          • Passenger Car
          • LCV
          • HCV
        • By Sales Channel:
          • OEM
          • Aftermarket
    • Europe
      • By Country
        • Germany
        • Italy
        • U.K.
        • France
        • Spain
        • Russia
        • Rest of Europe
        • By Product Type:
          • Direct TPMS
          • Indirect TPMS
        • By Vehicle Type:
          • Passenger Car
          • LCV
          • HCV
        • By Sales Channel:
          • OEM
          • Aftermarket
    • Asia Pacific
      • By Country
        • China
        • Japan
        • Australia
        • India
        • ASEAN
        • South Korea
        • Rest of Asia Pacific
      • By Segmentation
        • By Product Type:
          • Direct TPMS
          • Indirect TPMS
        • By Vehicle Type:
          • Passenger Car
          • LCV
          • HCV
        • By Sales Channel:
          • OEM
          • Aftermarket
    • Latin America
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
      • By Segmentation
        • By Product Type:
          • Direct TPMS
          • Indirect TPMS
        • By Vehicle Type:
          • Passenger Car
          • LCV
          • HCV
        • By Sales Channel:
          • OEM
          • Aftermarket
    • Middle East and Africa
      • By Country
        • GCC Countries
        • Israel
        • South Africa
        • Rest of Middle East and Africa
      • By Segmentation
        • By Product Type:
          • Direct TPMS
          • Indirect TPMS
        • By Vehicle Type:
          • Passenger Car
          • LCV
          • HCV
        • By Sales Channel:
          • OEM
          • Aftermarket
  • Company Profiles
    • A. O. Smith Corporation
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • Zhongshan Inse Group Co, Ltd.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • Haier Electronics Group Co., Ltd.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • Himin Solar Co., Ltd.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • Ariston Thermo Group
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • Genrui
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • Bajaj Electricals Ltd.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • Rheem Manufacturing Company
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • Jiaxing Jinyi Solar Energy Technology Co, Ltd.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • Noritz Corporation
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • SIEMENS AG
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • Bradford White Corp.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • Venus Home Appliances (P) Ltd.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates

*Browse all the market data tables and figures on “Global Water Heater Market - forecast to 2027”.

Table of Content

  1. Research Objective and assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet By Product Type
      • Market Snippet By Storage Type
      • Market Snippet By End Use
      • Market Snippet By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Merger and Acquisitions
      • New Product Approvals/Launch
  4. Global Water Heater Market, By Product Type, 2017 - 2027 (Thousand Units & US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Solar Heaters
      • Introduction
      • Market Size and Forecast, 2019 - 2027, (Thousand Units & US$ Million)
    • Electric Heaters
      • Introduction
      • Market Size and Forecast, 2019 - 2027, (Thousand Units & US$ Million)
    • Gas And Propane Heaters
      • Introduction
      • Market Size and Forecast, 2019 - 2027, (Thousand Units & US$ Million)
    • Geothermal Heaters
      • Introduction
      • Market Size and Forecast, 2019 - 2027, (Thousand Units & US$ Million)
  5. Global Water Heater Market, By Storage Type, 2017 - 2027 (Thousand Units & US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Storage Heater (Tank Type)
      • Introduction
      • Market Size and Forecast, 2019 - 2027, (Thousand Units & US$ Million)
    • Tankless Heater
      • Introduction
      • Market Size and Forecast, 2019 - 2027, (Thousand Units & US$ Million)
    • Hybrid (Heat Pump) Heaters
      • Introduction
      • Market Size and Forecast, 2019 - 2027, (Thousand Units & US$ Million)
  6. Global Water Heater Market, By End Use, 2017 - 2027 (Thousand Units & US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Residential
      • Introduction
      • Market Size and Forecast, 2019 - 2027, (Thousand Units & US$ Million)
    • Commercial
      • Introduction
      • Market Size and Forecast, 2019 - 2027, (Thousand Units & US$ Million)
  7. Global Water Heater Market, By Regions, 2017 - 2027 (Thousand Units & US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
    • North America           
      • Introduction
        • Market size and Forecast, 2019 - 2027 (Thousand Units & US$ Million)
      • By Segment
        • Market Size and Forecast, By Product Type, 2019 - 2027 (Thousand Units & US$ Million)
        • Market Size and Forecast, By Storage Type, 2019 - 2027 (Thousand Units & US$ Million)
        • Market Size and Forecast, By End Use, 2019 - 2027 (Thousand Units & US$ Million)
      • By Country
        • U.S.
        • Canada
    • Europe
      • Introduction
        • Market size and Forecast, 2019 - 2027 (Thousand Units & US$ Million)
      • By Segment
        • Market Size and Forecast, By Product Type, 2019 - 2027 (Thousand Units & US$ Million)
        • Market Size and Forecast, By Storage Type, 2019 - 2027 (Thousand Units & US$ Million)
        • Market Size and Forecast, By End Use, 2019 - 2027 (Thousand Units & US$ Million)
      • By Country
        • Germany
        • Italy
        • U.K.
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
        • Market size and Forecast, 2019 - 2027 (Thousand Units & US$ Million)
      • By Segment
        • Market Size and Forecast, By Product Type, 2019 - 2027 (Thousand Units & US$ Million)
        • Market Size and Forecast, By Storage Type, 2019 - 2027 (Thousand Units & US$ Million)
        • Market Size and Forecast, By End Use, 2019 - 2027 (Thousand Units & US$ Million)
      • By Country
        • China
        • Japan
        • Australia
        • India
        • ASEAN
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Introduction
        • Market size and Forecast, 2019 - 2027 (Thousand Units & US$ Million)
      • By Segment
        • Market Size and Forecast, By Product Type, 2019 - 2027 (Thousand Units & US$ Million)
        • Market Size and Forecast, By Storage Type, 2019 - 2027 (Thousand Units & US$ Million)
        • Market Size and Forecast, By End Use, 2019 - 2027 (Thousand Units & US$ Million)
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East and Africa
      • Introduction
        • Market size and Forecast, 2019 - 2027 (Thousand Units & US$ Million)
      • By Segment
        • Market Size and Forecast, By Product Type, 2019 - 2027 (Thousand Units & US$ Million)
        • Market Size and Forecast, By Storage Type, 2019 - 2027 (Thousand Units & US$ Million)
        • Market Size and Forecast, By End Use, 2019 - 2027 (Thousand Units & US$ Million)
      • By Country
        • GCC Countries
        • Israel
        • South Africa
        • Rest of Middle East and Africa
  8. Competitive Landscape
    • Company Profiles
      • A. O. Smith Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Zhongshan Inse Group Co, Ltd.
      • Haier Electronics Group Co., Ltd.
      • Himin Solar Co., Ltd.
      • Ariston Thermo Group
      • Genrui
      • Bajaj Electricals Ltd.
      • Rheem Manufacturing Company
      • Jiaxing Jinyi Solar Energy Technology Co, Ltd.
      • Noritz Corporation
      • SIEMENS AG
      • Bradford White Corp.
      • Venus Home Appliances (P) Ltd.
    • Analyst Views
  9. Section
    • Available Customizations
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse all the market data tables and figures on “Global Water Heater Market - forecast to 2027”.

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