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Water Heaters Global Market Report 2020

Starting Price : $ 4000.00 $3200.00 | Pages : 150 | Published : January 2020 | SKU CODE : 7318 | Format :


The water heaters market consists of sales of water heaters. A water heater is a device used for heating water above its ambient temperature, used generally for domestic purposes.

The global water heaters market was worth $ 18.04 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 0.15% and reach $31.12 billion by 2023.

The water heaters market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. Asia Pacific accounts for around 53% of the market.

Rapid Urbanization is expected to contribute to the growth of the water heaters market in the forecast period. Globally, the percentage of population living in urban areas is expected to increase from 55% in 2018 and reach 68% by 2050 . 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.

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. In 2019, Australian government announced a price hike of AUD50 for all households in Victoria, starting from 2020.  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 2019, Rheem Manufacturing, a USA based heating and cooling products manufacturer, through its group entity Paloma Rheem Global, acquired Intergas for an undisclosed amount. This acquisition allows Rheem to increase product offering and also provide it with competitive solutions to increase presence in the European market . Intergas is a Netherlands based manufacturer of heating equipment.

The major players in the global water heaters market are Siemens AG, Bajaj Electricals Ltd, Bradford White, Rinnai,  HTP, Bradford White, Rheem Manufacturing Co, Heat Transfer Products Inc, Bradford White Corp, Noritz Corp

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

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, Others (Wholesalers, distributors)

    1. Executive Summary

    2. Water Heaters  Market Characteristics

    3. Water Heaters  Market Size And Growth

    3.1. Global Water Heaters  Historic Market, 2015 - 2019, $ Billion

    3.1.1. Drivers Of The Market

    3.1.2. Restraints On The Market

    3.2. Global Water Heaters  Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion

    3.2.1. Drivers Of The Market

    3.2.2. Restraints On the Market

    4. Water Heaters  Market Segmentation

    4.1. Global Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    Solar Heaters

    Electric Heaters

    Gas and Propane Heaters

    Geothermal Heaters

    4.2. Global Water Heaters  Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    Residential

    Commercial  

    Industrial

    4.3. Global Water Heaters  Market, Segmentation By Distribution channel, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    Supermarket/Hypermarket

    Specialty Stores

    E-Commerce

    Others (Wholesalers, distributors)

    5. Water Heaters  Market Regional And Country Analysis

    5.1. Global Water Heaters  Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    5.2. Global Water Heaters  Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    6. Asia-Pacific Water Heaters  Market  

    6.1. Asia-Pacific Water Heaters  Market Overview  

    6.2. Asia-Pacific Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    7. China Water Heaters  Market  

    7.1. China Water Heaters  Market Overview  

    7.2. China Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,$ Billion

    8. India Water Heaters  Market  

    8.1. India Water Heaters  Market Overview  

    8.2. India Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    9. Japan Water Heaters  Market  

    9.1. Japan Water Heaters  Market Overview  

    9.2. Japan Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    10. Australia Water Heaters  Market  

    10.1. Australia Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    11. Indonesia Water Heaters  Market  

    11.1. Indonesia Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    12. South Korea Water Heaters  Market  

    12.1. South Korea Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    13. Western Europe Water Heaters  Market  

    13.1. Western Europe Water Heaters  Market Overview

    13.2. Western Europe Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    14. UK Water Heaters  Market  

    14.1. UK Water Heaters  Market Overview

    14.2. UK Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    15. Germany Water Heaters  Market  

    15.1. Germany Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    16. France Water Heaters  Market  

    16.3. France Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    17. Eastern Europe Water Heaters  Market  

    17.1. Eastern Europe Water Heaters  Market Overview

    17.2. Eastern Europe Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    18. Russia Water Heaters  Market  

    18.1. Russia Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    19. North America Water Heaters  Market  

    19.1. North America Water Heaters  Market Overview

    19.2. North America Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    20. USA Water Heaters  Market  

    20.1. USA Water Heaters  Market Overview

    20.2. USA Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    21. South America Water Heaters  Market  

    21.1. South America Water Heaters  Market Overview

    21.2. South America Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    22. Brazil Water Heaters  Market  

    22.1. Brazil Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    23. Middle East Water Heaters  Market  

    23.1. Middle East Water Heaters  Market Overview

    23.2. Middle East Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    24. Africa Water Heaters  Market  

    24.1. Africa Water Heaters  Market Overview

    24.2. Africa Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    25. Water Heaters  Market Competitive Landscape And Company Profiles

    25.1. Water Heaters  Market Competitive Landscape

    25.2. Water Heaters  Market Company Profiles

    25.2.1. Siemens AG

    25.2.1.1. Overview

    25.2.1.2. Products and Services

    25.2.1.3. Strategy

    25.2.1.4. Financial Performance

    25.2.2. Bajaj Electricals Ltd

    25.2.2.1. Overview

    25.2.2.2. Products and Services

    25.2.2.3. Strategy

    25.2.2.4. Financial Performance

    25.2.3. Bradford White

    25.2.3.1. Overview

    25.2.3.2. Products and Services

    25.2.3.3. Strategy

    25.2.3.4. Financial Performance

    25.2.4. Rinnai

    25.2.4.1. Overview

    25.2.4.2. Products and Services

    25.2.4.3. Strategy

    25.2.4.4. Financial Performance

    25.2.5.  HTP

    25.2.5.1. Overview

    25.2.5.2. Products and Services

    25.2.5.3. Strategy

    25.2.5.4. Financial Performance

    26. Key Mergers And Acquisitions In The Water Heaters  Market

    27. Water Heaters  Market Trends And Strategies

    28. Water Heaters  Market Future Outlook and Potential Analysis

    29. Appendix

    29.1. Abbreviations

    29.2. Currencies

    29.3. Research Inquiries

    29.4. The Business Research Company

    29.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2015-2019, $ Billion
  • Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 3: Global Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 4: Global Water Heaters  Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 5: Global Water Heaters  Market, Segmentation By Distribution channel, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 6: Global Water Heaters  Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 7: Global Water Heaters  Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 8: Asia-Pacific, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 9: China, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 10: India, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 11: Japan, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 12: Australia, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 13: Indonesia, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 14: South Korea, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 15: Western Europe, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 16: UK, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 17: Germany, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 18: France, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 19: Eastern Europe, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 20: Russia, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 21: North America, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 22: USA, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 23: South America, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 24: Brazil, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 25: Middle East, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 26: Africa, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 27: Siemens AG Financial Performance
  • Table 28: Bajaj Electricals Ltd Financial Performance
  • Table 29: Bradford White Financial Performance
  • Table 30: Rinnai Financial Performance
  • Table 31:  HTP Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2015-2019, $ Billion
  • Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 3: Global Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 4: Global Water Heaters  Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 5: Global Water Heaters  Market, Segmentation By Distribution channel, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 6: Global Water Heaters  Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 7: Global Water Heaters  Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 8: Asia-Pacific, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 9: China, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 10: India, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 11: Japan, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 12: Australia, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 13: Indonesia, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 14: South Korea, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 15: Western Europe, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 16: UK, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 17: Germany, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 18: France, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 19: Eastern Europe, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 20: Russia, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 21: North America, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 22: USA, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 23: South America, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 24: Brazil, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 25: Middle East, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 26: Africa, Water Heaters  Market, Segmentation  By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 27: Siemens AG Financial Performance
  • Figure 28: Bajaj Electricals Ltd Financial Performance
  • Figure 29: Bradford White Financial Performance
  • Figure 30: Rinnai Financial Performance
  • Figure 31:  HTP Financial Performance
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