Water Heater Market size is set to grow by USD 6.98 billion from 2023-2027, increasing demand for tankless water heaters boost the market, Technavio
NEW YORK, April 17, 2024 /PRNewswire/ -- The global water heater market size is estimated to grow by USD 6981.04 mn from 2023-2027, according to Technavio. The market is estimated to grow at a CAGR of over 5.5% during the forecast period.
For more insights on the historic (2017 - 2021) and forecast market size- Request a sample report
Water Heater Market Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017 - 2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.5% |
Market growth 2023-2027 |
USD 6981.04 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
5.3 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 48% |
Key countries |
US, China, Japan, India, and Germany |
Key companies profiled |
A. O. Smith Corp., AB Electrolux, Ariston Holding NV, Bradford White Corp., Ferroli Spa, Guangdong Vanward New Electric Co. Ltd., Haier Smart Home Co. Ltd., Havells India Ltd., Jaquar India, Hangzhou Kangquan Water Heater Co. Ltd., Lennox International Inc., Midea India Pvt. Ltd., Noritz Corp., Rheem Manufacturing Co., Rinnai Corp., Robert Bosch GmbH, STIEBEL ELTRON GmbH and Co. KG, Transform Holdco LLC, Vaillant Group, Viessmann Climate Solutions SE, and Whirlpool Corp. |
Segment Overview
This water heater market report extensively covers market segmentation by End-user (Residential, Commercial, Industrial) Distribution Channel (Specialty stores, Department stores hypermarkets and supermarkets, Online retailers, Others) Type (Electric, Gas, Solar) Geography (APAC, North America, Europe, South America, Middle East and Africa)
Insights on the market contribution of various segments including country and region wise, historic (2017 - 2021) and forecast market size- Download a Sample Report
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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