Global Water Heaters Market Report 2024

Water Heaters Global Market Report 2023 – By Product Type (Solar Heaters, Electric Heaters, Gas and Propane Heaters, Geothermal Heaters), By End User (Residential, Commercial, Industrial), By Distribution Channel (Supermarket/Hypermarket, Specialty Stores, ECommerce, Other Distribution Channels) – Market Size, Trends, And Global Forecast 2023-2032

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Water Heaters Market

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A water heater is a device used for heating water above its ambient temperature, used generally for domestic purposes.

The main product types of water heaters are into solar heaters, electric heaters, gas and propane heaters and geothermal heaters. A geothermal water heater is a component of a larger geothermal heat pump system that provides heated and cooled air to a home. A geothermal heat pump works by circulating a water and antifreeze mixture through a series of loops buried in the ground. The water heaters are distributed through supermarket/hypermarket, specialty stores, E-commerce and other distribution channels and are used by into residential, commercial and industrial end-users.

The global water heaters market is segmented -

1) By Product Type: Solar Heaters, Electric Heaters, Gas and Propane Heaters, Geothermal Heaters

2) By End User: Residential, Commercial, Industrial

3) By Distribution channel: Supermarket/Hypermarket, Specialty Stores, E-Commerce, Other Distribution Channels

The global water heaters market size will grow from $33.91 billion in 2022 to $37.87 billion in 2023 at a compound annual growth rate (CAGR) of 11.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global water heaters is expected to grow to $57.04 billion in 2027 at a CAGR of 10.8%.

Rapid Urbanization is expected to contribute to the growth of the water heaters market in the forecast period. According to the world economic forum (WEF) (2020), urban populations made up the highest share in Northern American countries with 83.6 percent of residents lived in cities and 56.2 percent of the world population was urban. The growth in the urban population coupled with the rise in disposable incomes and affordability among residents of cities will drive the demand for water heaters market.

Major players in the water heaters market are Siemens AG, Bajaj Electricals Ltd., Bradford White, Rinnai, HTP, Bradford White, Rheem Manufacturing Co., Heat Transfer Products Inc., and Bradford White Corp.

Rising electricity prices are expected to limit the growth of the water heater market in the forecast period. Globally, electricity prices are rising due to increasing transmission costs. For instance, in March 2022, according to U.S. Energy Information Administration, a US-based government agency, the average nominal retail electricity price paid by residential electric consumers in the United States increased at the highest rate since 2008 in 2021, rising 4.3% from 2020 to 13.72 cents per kilowatt-hour (kWh). Rising electricity prices coupled with the rising power outages, and high installation costs of solar water heaters will limit the growth of the water heaters market.

Water heater manufacturers are increasingly producing energy-efficient products to reduce carbon footprint and enable energy savings for the consumers. The rise of energy-efficient appliances can be attributed to the stringent government regulations on electric home appliances and advances in technology. Energy efficient appliances are designed to utilize minimum energy to complete the required task. Currently, over 80 countries have standards and labels for energy efficient appliances. For example, in the USA, an energy star certified water heater saves $3500 over its lifetime.

In October 2021, A.O Smith Corporation, a US-based manufacturer of both residential and commercial water heaters and boilers, acquired Giant Factories, Inc. for $192 million in cash. With this acquisition of Giant Factories Inc., A.O Smith would strengthen their leadership position as a global supplier of residential and commercial water heaters. Giant Factories, Inc. is a Canada-based manufacturer of residential and commercial water heaters.

Asia-Pacific was the largest region in the water heaters market in 2022. Western Europe was the second-largest region in the global water heaters market share. The regions covered in the global water heaters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the water heaters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The water heaters market consists of sales of solar water heaters, electric water heaters, geothermal water heaters, and other water heaters. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The water heaters market research report is one of a series of new reports from The Business Research Company that provides water heaters market statistics, including water heaters industry global market size, regional shares, competitors with a water heaters market share, detailed water heaters market segments, market trends and opportunities, and any further data you may need to thrive in the water heaters industry. This water heaters market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

    Table Of Contents

    1. Water Heaters Market Executive Summary

    2. Table of Contents

    3. List of Figures

    4. List of Tables

    5. Report Structure

    6. Introduction

    6.1. Segmentation By Geography

    6.2. Segmentation By Product Type

    6.3. Segmentation By End-User

    6.4. Segmentation By Distribution Channel

    7. Water Heaters Market Characteristics

    7.1. Market Definition

    7.2. Segmentation By Product Type

    7.2.1. Solar Heaters

    7.2.2. Electric Heaters

    7.2.3. Gas and Propane Heaters

    7.2.4. Geothermal Heaters

    7.3. Segmentation By End-User

    7.3.1. Residential

    7.3.2. Commercial

    7.3.3. Industrial

    7.4. Segmentation By Distribution Channel

    7.4.1. Supermarket/Hypermarket

    7.4.2. Specialty Stores

    7.4.3. E-Commerce

    7.4.4. Others

    8. Water Heaters Market Trends And Strategies

    8.1. Emergence of Smart Water Heaters

    8.2. Growing Use of Hybrid Water System

    8.3. Technological Advancements

    8.4. Energy Efficient Technologies

    8.5. Government Involvement

    8.6. Investments by Public Institutions in Water Heaters

    9. Impact Of COVID-19 On Water Heaters

    9.1. Introduction

    9.2. Impact on Labor Shortages

    9.3. Impact On Supply Chain

    9.4. Future Outlook

    10. Global Water Heaters Market Size And Growth

    10.1. Market Size

    10.2. Historic Market Growth, 2016 – 2021, Value ($ Million)

    10.2.1. Drivers Of The Market 2016 – 2021

    10.2.2. Restraints On The Market 2016 – 2021

    10.3. Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)

    10.3.1. Drivers Of The Market 2021 – 2026

    10.3.2. Restraints On The Market 2021 – 2026

    11. Global Water Heaters Market Segmentation

    11.1. Global Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)

    11.2. Global Water Heaters Market, Segmentation By End-Users, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)

    11.3. Global Water Heaters Market, Segmentation By Distribution Channel, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)

    12. Water Heaters Market, Regional And Country Analysis

    12.1. Global Water Heaters Market, By Region, Historic and Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)

    12.2. Global Water Heaters Market, By Country, Historic and Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)

    13. Asia-Pacific Water Heaters Market

    13.1. Asia-Pacific Water Heaters Market Overview

    13.1.1. Region information

    13.1.2. Market Information

    13.1.3. Background Information

    13.1.4. Government Initiatives

    13.1.5. Regulations

    13.1.6. Regulatory Bodies

    13.1.7. Major Associations

    13.1.8. Taxes levied

    13.1.9. Corporate Tax Structure

    13.1.10. Investments

    13.1.11. Major Companies

    13.2. Asia-Pacific Water Heaters Market, Historic Market Growth, 2016 – 2021, Value ($ Million)

    13.3. Asia-Pacific Water Heaters Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)

    13.4. Asia-Pacific Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)

    13.5. Asia-Pacific Water Heaters Market: Country Analysis

    13.6. China Water Heaters Market

    13.7. China Water Heaters Market Overview

    13.7.1. Country Information

    13.7.2. Market Information

    13.7.3. Background Information

    13.7.4. Government Initiatives

    13.7.5. Regulations

    13.7.6. Regulatory Bodies

    13.7.7. Major Associations

    13.7.8. Taxes Levied

    13.7.9. Corporate Tax Structure

    13.7.10. Investments

    13.7.11. Major Companies

    13.8. China Water Heaters Market, Historic Market Growth, 2016 – 2021, Value ($ Million)

    13.9. China Water Heaters Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)

    13.10. China Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)

    13.11. India Water Heaters Market

    13.12. India Water Heaters Market, Historic Market Growth, 2016 – 2021, Value ($ Million)

    13.13. India Water Heaters Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)

    13.14. India Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)

    13.15. Japan Water Heaters Market

    13.16. Japan Water Heaters Market, Historic Market Growth, 2016 – 2021, Value ($ Million)

    13.17. Japan Water Heaters Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)

    13.18. Japan Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)

    13.19. Australia Water Heaters Market

    13.20. Australia Water Heaters Market, Historic Market Growth, 2016 – 2021, Value ($ Million)

    13.21. Australia Water Heaters Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)

    13.22. Australia Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)

    13.23. Indonesia Water Heaters Market

    13.24. Indonesia Water Heaters Market, Historic Market Growth, 2016 – 2021, Value ($ Million)

    13.25. Indonesia Water Heaters Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)

    13.26. Indonesia Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)

    13.27. South Korea Water Heaters Market

    13.28. South Korea Water Heaters Market, Historic Market Growth, 2016 – 2021, Value ($ Million)

    13.29. South Korea Water Heaters Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)

    13.30. South Korea Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)

    14. Western Europe Water Heaters Market

    14.1. Western Europe Water Heaters Market Overview

    14.1.1. Region Information

    14.1.2. Market Information

    14.1.3. Background Information

    14.1.4. Government Initiatives

    14.1.5. Regulations

    14.1.6. Regulatory Bodies

    14.1.7. Major Associations

    14.1.8. Taxes Levied

    14.1.9. Corporate Tax Structure

    14.1.10. Investments

    14.1.11. Major Companies

    14.2. Western Europe Water Heaters Market, Historic Market Growth, 2016 – 2021, Value ($ Million)

    14.3. Western Europe Water Heaters Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)

    14.4. Western Europe Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)

    14.5. Western Europe Water Heaters Market: Country Analysis

    14.6. UK Water Heaters Market

    14.7. UK Water Heaters Market, Historic Market Growth, 2016 – 2021, Value ($ Million)

    14.8. UK Water Heaters Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)

    14.9. UK Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)

    14.10. Germany Water Heaters Market

    14.11. Germany Water Heaters Market, Historic Market Growth, 2016 – 2021, Value ($ Million)

    14.12. Germany Water Heaters Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)

    14.13. Germany Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)

    14.14. France Water Heaters Market

    14.15. France Water Heaters Market, Historic Market Growth, 2016 – 2021, Value ($ Million)

    14.16. France Water Heaters Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)

    14.17. France Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)

    15. Eastern Europe Water Heaters Market

    15.1. Eastern Europe Water Heaters Market Overview

    15.1.1. Region Information

    15.1.2. Market Information

    15.1.3. Background Information

    15.1.4. Government Initiatives

    15.1.5. Regulations

    15.1.6. Regulatory Bodies

    15.1.7. Major Associations

    15.1.8. Taxes Levied

    15.1.9. Corporate Tax Structure

    15.1.10. Investments

    15.1.11. Major Companies

    15.2. Eastern Europe Water Heaters Market, Historic Market Growth, 2016 – 2021, Value ($ Million)

    15.3. Eastern Europe Water Heaters Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)

    15.4. Eastern Europe Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)

    15.5. Eastern Europe Water Heaters Market: Country Analysis

    15.6. Russia Water Heaters Market

    15.7. Russia Water Heaters Market, Historic Market Growth, 2016 – 2021, Value ($ Million)

    15.8. Russia Water Heaters Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)

    15.9. Russia Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)

    16. North America Water Heaters Market

    16.1. North America Water Heaters Market Overview

    16.1.1. Region Information

    16.1.2. Market Information

    16.1.3. Background Information

    16.1.4. Government Initiatives

    16.1.5. Regulations

    16.1.6. Regulatory Bodies

    16.1.7. Major Association

    16.1.8. Taxes Levied

    16.1.9. Corporate Tax Structure

    16.1.10. Investments

    16.1.11. Major Companies

    16.2. North America Water Heaters Market, Historic Market Growth, 2016 – 2021, Value ($ Million)

    16.3. North America Water Heaters Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)

    16.4. North America Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)

    16.5. North America Water Heaters Market: Country Analysis

    16.6. USA Water Heaters Market

    16.7. USA Water Heaters Market Overview

    16.7.1. Country Information

    16.7.2. Market Information

    16.7.3. Background Information

    16.7.4. Government Initiatives

    16.7.5. Regulations

    16.7.6. Regulatory Bodies

    16.7.7. Major Associations

    16.7.8. Taxes Levied

    16.7.9. Corporate Tax Structure

    16.7.10. Investments

    16.7.11. Major Companies

    16.8. USA Water Heaters Market, Historic Market Growth, 2016 – 2021, Value ($ Million)

    16.9. USA Water Heaters Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)

    16.10. USA Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)

    17. South America Water Heaters Market

    17.1. South America Water Heaters Market Overview

    17.1.1. Region Information

    17.1.2. Market Information

    17.1.3. Background Information

    17.1.4. Government Initiatives

    17.1.5. Regulations

    17.1.6. Regulatory Bodies

    17.1.7. Major Associations

    17.1.8. Taxes Levied

    17.1.9. Corporate Tax Structure

    17.1.10. Investments

    17.1.11. Major Companies

    17.2. South America Water Heaters Market, Historic Market Growth, 2016 – 2021, Value ($ Million)

    17.3. South America Water Heaters Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)

    17.4. South America Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)

    17.5. South America Water Heaters Market: Country Analysis

    17.6. Brazil Water Heaters Market

    17.7. Brazil Water Heaters Market, Historic Market Growth, 2016 – 2021, Value ($ Million)

    17.8. Brazil Water Heaters Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)

    17.9. Brazil Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)

    18. Middle East Water Heaters Market

    18.1. Middle East Water Heaters Market Overview

    18.1.1. Region Information

    18.1.2. Market Information

    18.1.3. Background Information

    18.1.4. Government Initiatives

    18.1.5. Regulations

    18.1.6. Regulatory Bodies

    18.1.7. Major Associations

    18.1.8. Taxes Levied

    18.1.9. Corporate Tax Structure

    18.1.10. Investments

    18.1.11. Major Companies

    18.2. Middle East Water Heaters Market, Historic Market Growth, 2016 – 2021, Value ($ Million)

    18.3. Middle East Water Heaters Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)

    18.4. Middle East Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)

    19. Africa Water Heaters Market

    19.1. Africa Water Heaters Market Overview

    19.1.1. Region Information

    19.1.2. Market Information

    19.1.3. Background Information

    19.1.4. Government Initiatives

    19.1.5. Regulations

    19.1.6. Regulatory Bodies

    19.1.7. Major Associations

    19.1.8. Taxes Levied

    19.1.9. Corporate Tax Structure

    19.1.10. Investments

    19.1.11. Major Companies

    19.2. Africa Water Heaters Market, Historic Market Growth, 2016 – 2021, Value ($ Million)

    19.3. Africa Water Heaters Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)

    19.4. Africa Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)

    20. Water Heaters Market Competitive Landscape And Company Profiles

    20.1. Company Profiles

    20.2. A. O. Smith Corporation

    20.2.1. Company Overview

    20.2.2. Products And Services

    20.2.3. Business Strategy

    20.2.4. Financial Overview

    20.3. Rinnai Corporation

    20.3.1. Company Overview

    20.3.2. Products And Services

    20.3.3. Business Strategy

    20.3.4. Financial Overview

    20.4. Vaillant Group

    20.4.1. Company Overview

    20.4.2. Products And Services

    20.4.3. Business Strategy

    20.4.4. Financial Overview

    20.5. Ariston Thermo Group

    20.5.1. Company Overview

    20.5.2. Products And Services

    20.5.3. Business Strategy

    20.5.4. Financial Overview

    20.6. Rheem Manufacturing Company

    20.6.1. Company Overview

    20.6.2. Products And Services

    20.6.3. Business Strategy

    20.6.4. Financial Overview

    21. Key Mergers And Acquisitions In The Water Heaters Market

    21.1. Rheem Manufacturing Co Acquired Dejong from Nordian Capital

    21.2. Viessmann Group Acquired Pacifica Home Services Ltd. (PHS)

    21.3. Ariston Group acquired Chromagen

    21.4. A.O. Smith Acquired Giant Factories, Inc.

    21.5. Rinnai America Corporation Acquired Industrias MASS

    21.6. Bradford White Purchased Keltech, Inc. from Bradley Corporation.

    21.7. Rheem Acquired Intergas Verwarming BV

    21.8. Ariston Thermo Acquired Calorex

    21.9. Stiebel Eltron Acquires Danfoss Värmepumpar AB (Thermia)

    21.10. Ariston Thermo Acquired The Majority Of Atmor

    22. Global Water Heaters Market Opportunities And Strategies

    22.1. Global Water Heaters Market In 2026 – Countries Offering Most New Opportunities

    22.2. Global Water Heaters Market In 2026 – Segments Offering Most New Opportunities

    22.3. Global Water Heaters Market In 2026 – Growth Strategies

    22.3.1. Market Trend Based Strategies

    22.3.2. Competitor Strategies

    23. Water Heaters Market, Conclusions And Recommendations

    23.1. Conclusions

    23.2. Recommendations

    23.2.1. Product

    23.2.2. Place

    23.2.3. Price

    23.2.4. Promotion

    23.2.5. People

    24. Appendix

    24.1. Market Data Sources

    24.2. Research Methodology

    24.3. Currencies

    24.4. Research Inquiries

    24.5. The Business Research Company

    25. Copyright and Disclaimer

List Of Tables

    Table 1: Global Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Table 2: Global Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Table 3: Global Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Table 4: Global Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million
  • Table 5: Global Water Heaters Market, Segmentation By End-Users, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Table 6: Global Water Heaters Market, Segmentation By End-Users, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million
  • Table 7: Global Water Heaters Market, Segmentation By Distribution Channel, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Table 8: Global Water Heaters Market, Segmentation By Distribution Channel, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million
  • Table 9: Global Water Heaters Market, By Region, Historic and Forecast, 2016 – 2021, 2026F, 2031F, %
  • Table 10: Global Water Heaters Market, By Region, Historic and Forecast, 2016 – 2021, 2026F, 2031F, $ Million
  • Table 11: Global Water Heaters Market, By Country, Historic and Forecast, 2016 – 2021, 2026F, 2031F, %
  • Table 12: Global Water Heaters Market, By Country, Historic and Forecast, 2016 – 2021, 2026F, 2031F, $ Million
  • Table 13: Asia-Pacific GDP Per Capita, By Country, 2016-2021, $
  • Table 14: Asia-Pacific Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Table 15: Asia-Pacific Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Table 16: Asia-Pacific Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Table 17: Asia-Pacific Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million
  • Table 18: China GDP Per Capita, 2016-2021, $
  • Table 19: China Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Table 20: China Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Table 21: China Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Table 22: China Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million
  • Table 23: India Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Table 24: India Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Table 25: India Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Table 26: India Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million
  • Table 27: Japan Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Table 28: Japan Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Table 29: Japan Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Table 30: Japan Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million
  • Table 31: Australia Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Table 32: Australia Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Table 33: Australia Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Table 34: Australia Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million
  • Table 35: Indonesia Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Table 36: Indonesia Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Table 37: Indonesia Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Table 38: Indonesia Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million
  • Table 39: South Korea Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Table 40: South Korea Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Table 41: South Korea Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Table 42: South Korea Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million
  • Table 43: Western Europe GDP Per Capita, By Country, 2016-2021, $
  • Table 44: Western Europe Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Table 45: Western Europe Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Table 46: Western Europe Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Table 47: Western Europe Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million
  • Table 48: UK Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Table 49: UK Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Table 50: UK Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Table 51: UK Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million
  • Table 52: Germany Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Table 53: Germany Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Table 54: Germany Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Table 55: Germany Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million
  • Table 56: France Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Table 57: France Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Table 58: France Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Table 59: France Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million
  • Table 60: Eastern Europe GDP Per Capita, By Country, 2016-2021, $
  • Table 61: Eastern Europe Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Table 62: Eastern Europe Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Table 63: Eastern Europe Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Table 64: Eastern Europe Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million
  • Table 65: Russia Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Table 66: Russia Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Table 67: Russia Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Table 68: Russia Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million
  • Table 69: North America GDP Per Capita, By Country, 2016-2021, $
  • Table 70: North America Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Table 71: North America Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Table 72: North America Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Table 73: North America Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million
  • Table 74: USA GDP Per Capita, 2016-2021, $
  • Table 75: USA Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Table 76: USA Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Table 77: USA Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Table 78: USA Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million
  • Table 79: South America GDP Per Capita, By Country, 2016-2021, $
  • Table 80: South America Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Table 81: South America Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Table 82: South America Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Table 83: South America Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million
  • Table 84: Brazil Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Table 85: Brazil Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Table 86: Brazil Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Table 87: Brazil Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million
  • Table 88: Middle East GDP Per Capita, By Country, 2016-2021, $
  • Table 89: Middle East Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Table 90: Middle East Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Table 91: Middle East Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Table 92: Middle East Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million
  • Table 93: Africa GDP Per Capita, By Country, 2016-2021, $
  • Table 94: Africa Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Table 95: Africa Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Table 96: Africa Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Table 97: Africa Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million
  • Table 98: Global Water Heaters Market, Key Competitor Estimated Market Shares, 2021, Percentage (%)
  • Table 99: A. O. Smith Corporation – Financial Overview, 2017 - 2021, $ Billion
  • Table 100: Rinnai Corporation – Financial Overview, 2016 - 2020, $ Billion
  • Table 101: Ariston Thermo Group – Financial Overview, 2017 - 2021, $ Billion
  • Table 102: Global Water Heaters Market Size Gain ($ Million), 2021 – 2026, By Country
  • Table 103: Global Water Heaters Market Size Gain ($ Million), Segmentation By Product Type, 2021 – 2026
  • Table 104: Global Water Heaters Market Size Gain ($ Million), Segmentation By End-Users, 2021 – 2026
  • Table 105: Global Water Heaters Market Size Gain ($ Million), Segmentation By Distribution Channel, 2021 – 2026
  • Table 106: Water Heaters - Market Data Sources

List Of Figures

    Figure 1: Global Water Heaters Market Segmentation By Product Type
  • Figure 2: Global Water Heaters Market Segmentation By End-User
  • Figure 3: Global Water Heaters Market Segmentation By Distribution Channel
  • Figure 4: Global Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Figure 5: Global Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Figure 6: Global Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Figure 7: Global Water Heaters Market, Segmentation By End-Users, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Figure 8: Global Water Heaters Market, Segmentation By Distribution Channel, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Figure 9: Global Water Heaters Market, By Region, Historic and Forecast, 2016 – 2021, 2026F, 2031F, %
  • Figure 10: Global Water Heaters Market, By Country, Historic and Forecast, 2016 – 2021, 2026F, 2031F, %
  • Figure 11: Asia-Pacific Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Figure 12: Asia-Pacific Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Figure 13: Asia-Pacific Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Figure 14: China Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Figure 15: China Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Figure 16: China Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Figure 17: India Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Figure 18: India Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Figure 19: India Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Figure 20: Japan Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Figure 21: Japan Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Figure 22: Japan Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Figure 23: Australia Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Figure 24: Australia Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Figure 25: Australia Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Figure 26: Indonesia Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Figure 27: Indonesia Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Figure 28: Indonesia Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Figure 29: South Korea Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Figure 30: South Korea Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Figure 31: South Korea Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Figure 32: Western Europe Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Figure 33: Western Europe Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Figure 34: Western Europe Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Figure 35: UK Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Figure 36: UK Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Figure 37: UK Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Figure 38: Germany Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Figure 39: Germany Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Figure 40: Germany Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Figure 41: France Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Figure 42: France Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Figure 43: France Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Figure 44: Eastern Europe Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Figure 45: Eastern Europe Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Figure 46: Eastern Europe Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Figure 47: Russia Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Figure 48: Russia Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Figure 49: Russia Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Figure 50: North America Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Figure 51: North America Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Figure 52: North America Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Figure 53: USA Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Figure 54: USA Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Figure 55: USA Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Figure 56: South America Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Figure 57: South America Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Figure 58: South America Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Figure 59: Brazil Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Figure 60: Brazil Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Figure 61: Brazil Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Figure 62: Middle East Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Figure 63: Middle East Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Figure 64: Middle East Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Figure 65: Africa Water Heaters Market, Historic, 2016 – 2021, $ Million
  • Figure 66: Africa Water Heaters Market, Forecast, 2021 – 2026, 2031F, $ Million
  • Figure 67: Africa Water Heaters Market, Segmentation By Product Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
  • Figure 68: Global Water Heaters Market, Key Competitor Estimated Market Shares, 2021, Percentage (%)
  • Figure 69: A. O. Smith Corporation – Financial Overview, 2017 – 2021, $ Billion
  • Figure 70: Rinnai Corporation – Financial Overview, 2016 – 2020, $ Billion
  • Figure 71: Ariston Thermo Group – Financial Overview, 2017 – 2021, $ Billion
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