Water Heaters Global Market Report 2020

Region:Global

Author(s):

Product Code:7318

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Published on

February 2020

Total pages

200

Table of Content

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About the Report

About the Report

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 USD 18.04 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 0.15% and reach USD 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.

 

The water heaters market covered in this report is segmented by type into solar heaters, electric heaters, gas and propane heaters, geothermal heaters. It is also segmented By End User into residential, commercial , industrial. It is also segmented by distribution channel into supermarket/hypermarket, specialty stores, E-commerce, others (wholesalers, distributors)

 

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 USD 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.

 

Major players in the 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

Products

Products

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)


Companies

Siemens AG

Bajaj Electricals Ltd

Bradford White

Rinnai

HTP

Bradford White

Rheem Manufacturing Co

Heat Transfer Products Inc

Bradford White Corp

Noritz Corp

Crompton Greaves Ltd

Haier Water Heater Co. Ltd

Ariston Thermo SPA

Sun Tank

Alternate Energy Technologies

A.O Smith

Viessmann

Rheem manufacturing

Wagner Solar

Linuo Ritter

Bosch

Racold

V Guard Industries

Himin Solar Energy

Chromagen

Venus Home Appliances

AO Smith

Rheem Manufacturing

Siemens

Ariston Thermo

Bajaj Electricals

Table of Contents

Table of Contents

1. Executive Summary

2. Water Heaters Market Characteristics

3. Water Heaters Market Size And Growth

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

Residential

Commercial

Industrial

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

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

10. Australia Water Heaters Market

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

11. Indonesia Water Heaters Market

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

15. Germany Water Heaters Market

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

16. France Water Heaters Market

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

18. Russia Water Heaters Market

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

22. Brazil Water Heaters Market

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

Figure 1: Global Historic Market Growth, 2015-2019, USD Billion

Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 3: Global Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 4: Global Water Heaters Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 5: Global Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 6: Global Water Heaters Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 7: Global Water Heaters Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 8: Asia-Pacific, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 9: China, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 10: India, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 11: Japan, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 12: Australia, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 13: Indonesia, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 14: South Korea, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 15: Western Europe, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 16: UK, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 17: Germany, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 18: France, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 19: Eastern Europe, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 20: Russia, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 21: North America, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 22: USA, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 23: South America, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 24: Brazil, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 25: Middle East, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 26: Africa, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD 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


List of Table

Table 1: Global Historic Market Growth, 2015-2019, USD Billion

Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 3: Global Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 4: Global Water Heaters Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 5: Global Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 6: Global Water Heaters Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 7: Global Water Heaters Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 8: Asia-Pacific, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 9: China, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 10: India, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 11: Japan, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 12: Australia, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 13: Indonesia, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 14: South Korea, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 15: Western Europe, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 16: UK, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 17: Germany, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 18: France, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 19: Eastern Europe, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 20: Russia, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 21: North America, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 22: USA, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 23: South America, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 24: Brazil, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 25: Middle East, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 26: Africa, Water Heaters Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD 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

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