Global water heater market was valued US$ 32.02Bn in 2017 and is expected to reach US$ 50.50Bn by 2026, at a CAGR of 5.74 % during a forecast period.
A water heater is also called as geyser. It is a heating device that uses energy from various external sources and transfers it to heat the water. Water heater are available in various types such as gas-based water heater, instant water heaters, storage water heaters, and solar water heater.
Growingdisposable income of the consumers coupled with improved lifestyle is boosting the water heater market. Growing concern among consumers regarding natural resources and energy is inspiring the consumers to shift toward energy-efficient water heating system are driving the global water heater market growth.
Upsurge in electricity prices, and technical issues related with electric water heaters are expected to limiting the growth of the global water heater market
The residential segment is expected to hold significant growth in the water heater market. The consumers are focusing to selection of a proper water heater. Availability of fuel types, fuel cost and efficiency of the system, storage and distribution temperature, installation and maintenance cost, and safety of the use are some factors which are driving the demand for water heater.Increasing standard of living and growing consumer awareness relating to heater benefits may drive the global market growth substantially. Technical advancements and innovations are making support for efficient & low-cost water heaters, and positively impacting on the growth of water heater market.
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Solar water heatersegment is expected to dominate the growth in the global water heater market. The growth can be attributed to increasing demand for energy-efficient water heaters system and solar power is best solution, which uniquely capable of generating clean energy at low cost. Growing awareness of the benefits to energy conservation by solar power is driving the water heater market.
North America is estimated to dominate the growth in the global water heater market. Growing demand for energy efficient systems coupled with new technical advancement to reduce the environment concerns will boost the water heater market growth in this region. Growing focus toward the tourism and hospitality industries is booming the water heater market growth in this region.
Key profiled and analysed in the reports includes in the global water heater market such as Rinnai Corp, Heat Transfer Products Inc., Bradford White Corp., Noritz Corp., Crompton Greaves Ltd., Haier Water Heater Co. Ltd., and Ariston Thermo SPA. Rheem Manufacturing Co., Siemens AG, A. O. Smith Corp., GE Co., Bajaj Electricals Ltd.,Viessmann, Rheem manufacturing, Bradford White, Wagner Solar, Linuo Ritter, Bosch, Racold, V Guard Industries, Rinnai, Himin Solar Energy and Chromagen, Notable industry players include Sun Tank, Alternate Energy Technologies.
The report gives the clear representation of current market scenario of global water heater market, which includes projected market size in terms of value and volume, pestle analysis, porter’s analysis factors in the market.
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The Scope of the Report for Global Water Heater Market
Global Water Heater Market, By Type
• Gas
• Storage
• Solar
Global Water Heater Market, By Application
• Commercial
• Residential
Global Water Heater Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Water Heater Market
• Rinnai Corp
• Heat Transfer Products Inc.
• Bradford White Corp.
• Noritz Corp.
• Crompton Greaves Ltd.
• Haier Water Heater Co. Ltd.
• Ariston Thermo SPA.
• Rheem Manufacturing Co.
• Siemens AG
• O. Smith Corp.
• GE Co.
• Bajaj Electricals Ltd.
• Viessmann
• Rheem manufacturing
• Bradford White
• Wagner Solar
• Linuo Ritter
• Bosch
• Racold
• V Guard Industries
• Himin Solar Energy
• Chromagen
• Sun Tank
• Alternate Energy Technologies
MAJOR TOC OF THE REPORT
Chapter One: Water Heater Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Water Heater Market Competition, by Players
Chapter Four: Global Water Heater Market Size by Regions
Chapter Five: North America Water Heater Revenue by Countries
Chapter Six: Europe Water Heater Revenue by Countries
Chapter Seven: Asia-Pacific Water Heater Revenue by Countries
Chapter Eight: South America Water Heater Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Water Heater by Countries
Chapter Ten: Global Water Heater Market Segment by Type
Chapter Eleven: Global Water Heater Market Segment by Application
Chapter Twelve: Global Water Heater Market Size Forecast (2019-2026)
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