Global Water Heater Market 2024-2028

Description

List of Tables

The water heater market is forecasted to grow by USD 8054.5 mn during 2023-2028, accelerating at a CAGR of 5.97% during the forecast period. The report on the water heater market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for tankless water heaters, increasing demand from commercial end-user segment, and government initiatives promoting energy-efficient heating solutions.

Technavio's water heater market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	5.28%
CAGR	5.97%
Incremental Value	$8054.5 mn

By End-user

Residential
Commercial
Industrial

By Distribution Channel

Specialty stores
Department stores hypermarkets and supermarkets
Online retailers
Others

By Type

Electric
Gas
Solar

By Geographical Landscape

APAC
North America
Europe
South America
Middle East and Africa

This study identifies the smart and connected kitchens as one of the prime reasons driving the water heater market growth during the next few years. Also, increasing focus on e-commerce platforms and technological innovations in water heaters will lead to sizable demand in the market.

The report on the water heater market covers the following areas:

Water heater market sizing
Water heater market forecast
Water heater market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading water heater market vendors that include 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 Group Co. Ltd., Noritz Corp., Rheem Manufacturing Co., Rinnai Corp., Robert Bosch GmbH, STIEBEL ELTRON GmbH and Co. KG, Transform Holdco LLC, Vaillant GmbH, Viessmann Climate Solutions SE, and Whirlpool Corp.. Also, the water heater market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR45617

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Market Segmentation by Distribution Channel
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Water Heater Market 2018 - 2022
- Historic Market Size - Data Table on Global Water Heater Market 2018 - 2022 ($ million)
4.2 End-user segment analysis 2018 - 2022
- Historic Market Size - End-user Segment 2018 - 2022 ($ million)
4.3 Distribution Channel segment analysis 2018 - 2022
- Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ million)
4.4 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.5 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.6 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by End-user

6.1 Market segments
- Chart on End-user - Market share 2023-2028 (%)
- Data Table on End-user - Market share 2023-2028 (%)
6.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
6.3 Residential - Market size and forecast 2023-2028
- Chart on Residential - Market size and forecast 2023-2028 ($ million)
- Data Table on Residential - Market size and forecast 2023-2028 ($ million)
- Chart on Residential - Year-over-year growth 2023-2028 (%)
- Data Table on Residential - Year-over-year growth 2023-2028 (%)
6.4 Commercial - Market size and forecast 2023-2028
- Chart on Commercial - Market size and forecast 2023-2028 ($ million)
- Data Table on Commercial - Market size and forecast 2023-2028 ($ million)
- Chart on Commercial - Year-over-year growth 2023-2028 (%)
- Data Table on Commercial - Year-over-year growth 2023-2028 (%)
6.5 Industrial - Market size and forecast 2023-2028
- Chart on Industrial - Market size and forecast 2023-2028 ($ million)
- Data Table on Industrial - Market size and forecast 2023-2028 ($ million)
- Chart on Industrial - Year-over-year growth 2023-2028 (%)
- Data Table on Industrial - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by End-user
- Market opportunity by End-user ($ million)
- Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Distribution Channel

7.1 Market segments
- Chart on Distribution Channel - Market share 2023-2028 (%)
- Data Table on Distribution Channel - Market share 2023-2028 (%)
7.2 Comparison by Distribution Channel
- Chart on Comparison by Distribution Channel
- Data Table on Comparison by Distribution Channel
7.3 Specialty stores - Market size and forecast 2023-2028
- Chart on Specialty stores - Market size and forecast 2023-2028 ($ million)
- Data Table on Specialty stores - Market size and forecast 2023-2028 ($ million)
- Chart on Specialty stores - Year-over-year growth 2023-2028 (%)
- Data Table on Specialty stores - Year-over-year growth 2023-2028 (%)
7.4 Department stores hypermarkets and supermarkets - Market size and forecast 2023-2028
- Chart on Department stores hypermarkets and supermarkets - Market size and forecast 2023-2028 ($ million)
- Data Table on Department stores hypermarkets and supermarkets - Market size and forecast 2023-2028 ($ million)
- Chart on Department stores hypermarkets and supermarkets - Year-over-year growth 2023-2028 (%)
- Data Table on Department stores hypermarkets and supermarkets - Year-over-year growth 2023-2028 (%)
7.5 Online retailers - Market size and forecast 2023-2028
- Chart on Online retailers - Market size and forecast 2023-2028 ($ million)
- Data Table on Online retailers - Market size and forecast 2023-2028 ($ million)
- Chart on Online retailers - Year-over-year growth 2023-2028 (%)
- Data Table on Online retailers - Year-over-year growth 2023-2028 (%)
7.6 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ million)
- Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
7.7 Market opportunity by Distribution Channel
- Market opportunity by Distribution Channel ($ million)
- Data Table on Market opportunity by Distribution Channel ($ million)

8 Market Segmentation by Type

8.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
8.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
8.3 Electric - Market size and forecast 2023-2028
- Chart on Electric - Market size and forecast 2023-2028 ($ million)
- Data Table on Electric - Market size and forecast 2023-2028 ($ million)
- Chart on Electric - Year-over-year growth 2023-2028 (%)
- Data Table on Electric - Year-over-year growth 2023-2028 (%)
8.4 Gas - Market size and forecast 2023-2028
- Chart on Gas - Market size and forecast 2023-2028 ($ million)
- Data Table on Gas - Market size and forecast 2023-2028 ($ million)
- Chart on Gas - Year-over-year growth 2023-2028 (%)
- Data Table on Gas - Year-over-year growth 2023-2028 (%)
8.5 Solar - Market size and forecast 2023-2028
- Chart on Solar - Market size and forecast 2023-2028 ($ million)
- Data Table on Solar - Market size and forecast 2023-2028 ($ million)
- Chart on Solar - Year-over-year growth 2023-2028 (%)
- Data Table on Solar - Year-over-year growth 2023-2028 (%)
8.6 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)

9 Customer Landscape

9.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

10 Geographic Landscape

10.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
10.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
10.3 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
10.4 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
10.5 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
10.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
10.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
10.8 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
10.9 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
10.10 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
10.11 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
10.12 India - Market size and forecast 2023-2028
- Chart on India - Market size and forecast 2023-2028 ($ million)
- Data Table on India - Market size and forecast 2023-2028 ($ million)
- Chart on India - Year-over-year growth 2023-2028 (%)
- Data Table on India - Year-over-year growth 2023-2028 (%)
10.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)

11 Drivers, Challenges, and Opportunity/Restraints

11.1 Market drivers
11.2 Market challenges
11.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
11.4 Market opportunities/restraints

12 Competitive Landscape

12.1 Overview
12.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
12.3 Landscape disruption
- Overview on factors of disruption
12.4 Industry risks
- Impact of key risks on business

13 Competitive Analysis

13.1 Companies profiled
- Companies covered
13.2 Market positioning of companies
- Matrix on companies position and classification
13.3 A. O. Smith Corp.
- A. O. Smith Corp. - Overview
- A. O. Smith Corp. - Business segments
- A. O. Smith Corp. - Key news
- A. O. Smith Corp. - Key offerings
- A. O. Smith Corp. - Segment focus
13.4 AB Electrolux
- AB Electrolux - Overview
- AB Electrolux - Business segments
- AB Electrolux - Key news
- AB Electrolux - Key offerings
- AB Electrolux - Segment focus
13.5 Ariston Holding NV
- Ariston Holding NV - Overview
- Ariston Holding NV - Product / Service
- Ariston Holding NV - Key news
- Ariston Holding NV - Key offerings
13.6 Ferroli Spa
- Ferroli Spa - Overview
- Ferroli Spa - Product / Service
- Ferroli Spa - Key offerings
13.7 Haier Smart Home Co. Ltd.
- Haier Smart Home Co. Ltd. - Overview
- Haier Smart Home Co. Ltd. - Business segments
- Haier Smart Home Co. Ltd. - Key news
- Haier Smart Home Co. Ltd. - Key offerings
- Haier Smart Home Co. Ltd. - Segment focus
13.8 Havells India Ltd.
- Havells India Ltd. - Overview
- Havells India Ltd. - Business segments
- Havells India Ltd. - Key news
- Havells India Ltd. - Key offerings
- Havells India Ltd. - Segment focus
13.9 Lennox International Inc.
- Lennox International Inc. - Overview
- Lennox International Inc. - Business segments
- Lennox International Inc. - Key news
- Lennox International Inc. - Key offerings
- Lennox International Inc. - Segment focus
13.10 Midea Group Co. Ltd.
- Midea Group Co. Ltd. - Overview
- Midea Group Co. Ltd. - Product / Service
- Midea Group Co. Ltd. - Key offerings
13.11 Noritz Corp.
- Noritz Corp. - Overview
- Noritz Corp. - Product / Service
- Noritz Corp. - Key offerings
13.12 Rinnai Corp.
- Rinnai Corp. - Overview
- Rinnai Corp. - Business segments
- Rinnai Corp. - Key news
- Rinnai Corp. - Key offerings
- Rinnai Corp. - Segment focus
13.13 Robert Bosch GmbH
- Robert Bosch GmbH - Overview
- Robert Bosch GmbH - Product / Service
- Robert Bosch GmbH - Key news
- Robert Bosch GmbH - Key offerings
13.14 STIEBEL ELTRON GmbH and Co. KG
- STIEBEL ELTRON GmbH and Co. KG - Overview
- STIEBEL ELTRON GmbH and Co. KG - Product / Service
- STIEBEL ELTRON GmbH and Co. KG - Key offerings
13.15 Transform Holdco LLC
- Transform Holdco LLC - Overview
- Transform Holdco LLC - Product / Service
- Transform Holdco LLC - Key offerings
13.16 Vaillant GmbH
- Vaillant GmbH - Overview
- Vaillant GmbH - Product / Service
- Vaillant GmbH - Key offerings
13.17 Whirlpool Corp.
- Whirlpool Corp. - Overview
- Whirlpool Corp. - Business segments
- Whirlpool Corp. - Key news
- Whirlpool Corp. - Key offerings
- Whirlpool Corp. - Segment focus

14 Appendix

14.1 Scope of the report
14.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
14.3 Currency conversion rates for US$
- Currency conversion rates for US$
14.4 Research methodology
- Research methodology
14.5 Data procurement
- Information sources
14.6 Data validation
- Data validation
14.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
14.8 Data synthesis
- Data synthesis
14.9 360 degree market analysis
- 360 degree market analysis
14.10 List of abbreviations
- List of abbreviations