Global Electric Water Heater Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

Description

List of Tables

The global demand for Electric Water Heater Market is presumed to reach the market size of nearly USD 37.02 Billion by 2032 from USD 23.6 Billion in 2023 with a CAGR of 5.13% under the study period 2024-2032.

Electric water heaters are the heating appliances used to heat water for domestic and industrial purposes. In electric water heating, electrical energy is converted into heat energy. Electric water heaters come with storage tanks with one or more electric heating elements, such as resistors. These heaters are safe, simple, and convenient to use. Electric water heaters are energy efficient and do not affect indoor air quality. They are easy to install, long-lasting, require minimum maintenance, and thus cost-effective. Electric water heaters are available with various storage tank capacities.

MARKET DYNAMICS

The prime factors driving the global electric water heater market include growing urbanization, increasing residential and commercial projects, and industrial construction projects. Increasing demand for electric water heaters for domestic applications such as cooking, bathing and cleaning, and commercial applications such as hospitals and hotels contributes to the growth of the market. Many industries are opting for electric heaters to fulfill their need for hot water during production processes resulting in increased demand for the electric heaters. Moreover, factors such as the introduction of innovative products such as instant water heaters, and growing adoption for smart homes are fuelling the market. The COVID19 pandemic is likely to hamper the global market owing to reduced production and disrupted supply chain.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Electric Water Heater. The growth and trends of Electric Water Heater industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the Electric Water Heater market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Product

Instant
Storage

By Capacity

<30 Liters
30-100 Liters
100-250 Liters
250-400 Liters
>400 Liters

By Application

Residential
Commercial (College/University, Offices, Government/Military, Others)

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Electric Water Heater market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Electric Water Heater market include A. O. Smith, Ariston Holding N.V., Bosch Thermotechnology Corp., Bradford White Corporation, GE Appliances, Haier Inc., Racold, Rheem Manufacturing Compan, Whirlpool Corporation, Rinnai Corporation, State Industries, FERROLI S.P.A, Havells India Ltd., Hubbell Heaters, Vaillant, Nihon Itomic Co. Ltd., Viessmann. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Product Code: VMR11213010

1. PREFACE

1.1. Report Description
- 1.1.1 Objective
- 1.1.2 Target Audience
- 1.1.3 Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1 Market Research Process
- 1.3.2 Market Research Methodology

2. EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3. ELECTRIC WATER HEATER - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Product
- 3.7.2 Market Attractiveness Analysis By Capacity
- 3.7.3 Market Attractiveness Analysis By Application
- 3.7.4 Market Attractiveness Analysis By Region

4. VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1 List of Raw Materials
- 4.2.2 Raw Material Manufactures List
- 4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1 Direct Marketing
- 4.4.2 Indirect Marketing
- 4.4.3 Marketing Channel Development Trend

5. GLOBAL ELECTRIC WATER HEATER MARKET ANALYSIS BY PRODUCT

5.1. Overview By Product
5.2. Historical and Forecast Data
5.3. Analysis By Product
5.4. Instant Historic and Forecast Sales By Regions
5.5. Storage Historic and Forecast Sales By Regions

6. GLOBAL ELECTRIC WATER HEATER MARKET ANALYSIS BY CAPACITY

6.1. Overview By Capacity
6.2. Historical and Forecast Data
6.3. Analysis By Capacity
6.4. <30 Liters Historic and Forecast Sales By Regions
6.5. 30-100 Liters Historic and Forecast Sales By Regions
6.6. 100-250 Liters Historic and Forecast Sales By Regions
6.7. 250-400 Liters Historic and Forecast Sales By Regions
6.8. >400 Liters Historic and Forecast Sales By Regions

7. GLOBAL ELECTRIC WATER HEATER MARKET ANALYSIS BY APPLICATION

7.1. Overview By Application
7.2. Historical and Forecast Data
7.3. Analysis By Application
7.4. Residential Historic and Forecast Sales By Regions
7.5. Commercial (College/University, Offices, Government/Military, Others) Historic and Forecast Sales By Regions

8. GLOBAL ELECTRIC WATER HEATER MARKET ANALYSIS BY GEOGRAPHY

8.1. Regional Outlook
8.2. Introduction
8.3. North America Sales Analysis
- 8.3.1 Overview, Historic and Forecast Data Sales Analysis
- 8.3.2 North America By Segment Sales Analysis
- 8.3.3 North America By Country Sales Analysis
- 8.3.4 United States Sales Analysis
- 8.3.5 Canada Sales Analysis
- 8.3.6 Mexico Sales Analysis
8.4. Europe Sales Analysis
- 8.4.1 Overview, Historic and Forecast Data Sales Analysis
- 8.4.2 Europe By Segment Sales Analysis
- 8.4.3 Europe By Country Sales Analysis
- 8.4.4 United Kingdom Sales Analysis
- 8.4.5 France Sales Analysis
- 8.4.6 Germany Sales Analysis
- 8.4.7 Italy Sales Analysis
- 8.4.8 Russia Sales Analysis
- 8.4.9 Rest Of Europe Sales Analysis
8.5. Asia Pacific Sales Analysis
- 8.5.1 Overview, Historic and Forecast Data Sales Analysis
- 8.5.2 Asia Pacific By Segment Sales Analysis
- 8.5.3 Asia Pacific By Country Sales Analysis
- 8.5.4 China Sales Analysis
- 8.5.5 India Sales Analysis
- 8.5.6 Japan Sales Analysis
- 8.5.7 South Korea Sales Analysis
- 8.5.8 Australia Sales Analysis
- 8.5.9 South East Asia Sales Analysis
- 8.5.10 Rest Of Asia Pacific Sales Analysis
8.6. Latin America Sales Analysis
- 8.6.1 Overview, Historic and Forecast Data Sales Analysis
- 8.6.2 Latin America By Segment Sales Analysis
- 8.6.3 Latin America By Country Sales Analysis
- 8.6.4 Brazil Sales Analysis
- 8.6.5 Argentina Sales Analysis
- 8.6.6 Peru Sales Analysis
- 8.6.7 Chile Sales Analysis
- 8.6.8 Rest of Latin America Sales Analysis
8.7. Middle East & Africa Sales Analysis
- 8.7.1 Overview, Historic and Forecast Data Sales Analysis
- 8.7.2 Middle East & Africa By Segment Sales Analysis
- 8.7.3 Middle East & Africa By Country Sales Analysis
- 8.7.4 Saudi Arabia Sales Analysis
- 8.7.5 UAE Sales Analysis
- 8.7.6 Israel Sales Analysis
- 8.7.7 South Africa Sales Analysis
- 8.7.8 Rest Of Middle East And Africa Sales Analysis

9. COMPETITIVE LANDSCAPE OF THE ELECTRIC WATER HEATER COMPANIES

9.1. Electric Water Heater Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments

10. COMPANY PROFILES OF ELECTRIC WATER HEATER INDUSTRY

10.1. Top Companies Market Share Analysis
10.2. Market Concentration Rate
10.3. A. O. Smith
- 10.3.1 Company Overview
- 10.3.2 Company Revenue
- 10.3.3 Products
- 10.3.4 Recent Developments
10.4. Ariston Holding N.V.
- 10.4.1 Company Overview
- 10.4.2 Company Revenue
- 10.4.3 Products
- 10.4.4 Recent Developments
10.5. Bosch Thermotechnology Corp.
- 10.5.1 Company Overview
- 10.5.2 Company Revenue
- 10.5.3 Products
- 10.5.4 Recent Developments
10.6. Bradford White Corporation
- 10.6.1 Company Overview
- 10.6.2 Company Revenue
- 10.6.3 Products
- 10.6.4 Recent Developments
10.7. GE Appliances
- 10.7.1 Company Overview
- 10.7.2 Company Revenue
- 10.7.3 Products
- 10.7.4 Recent Developments
10.8. Haier Inc.
- 10.8.1 Company Overview
- 10.8.2 Company Revenue
- 10.8.3 Products
- 10.8.4 Recent Developments
10.9. Racold
- 10.9.1 Company Overview
- 10.9.2 Company Revenue
- 10.9.3 Products
- 10.9.4 Recent Developments
10.10. Rheem Manufacturing Compan
- 10.10.1 Company Overview
- 10.10.2 Company Revenue
- 10.10.3 Products
- 10.10.4 Recent Developments
10.11. Whirlpool Corporation
- 10.11.1 Company Overview
- 10.11.2 Company Revenue
- 10.11.3 Products
- 10.11.4 Recent Developments
10.12. Rinnai Corporation
- 10.12.1 Company Overview
- 10.12.2 Company Revenue
- 10.12.3 Products
- 10.12.4 Recent Developments
10.13. State Industries
- 10.13.1 Company Overview
- 10.13.2 Company Revenue
- 10.13.3 Products
- 10.13.4 Recent Developments
10.14. FERROLI S.P.A
- 10.14.1 Company Overview
- 10.14.2 Company Revenue
- 10.14.3 Products
- 10.14.4 Recent Developments
10.15. Havells India Ltd.
- 10.15.1 Company Overview
- 10.15.2 Company Revenue
- 10.15.3 Products
- 10.15.4 Recent Developments
10.16. Hubbell Heaters
- 10.16.1 Company Overview
- 10.16.2 Company Revenue
- 10.16.3 Products
- 10.16.4 Recent Developments
10.17. Vaillant
- 10.17.1 Company Overview
- 10.17.2 Company Revenue
- 10.17.3 Products
- 10.17.4 Recent Developments
10.18. Nihon Itomic Co. Ltd.
- 10.18.1 Company Overview
- 10.18.2 Company Revenue
- 10.18.3 Products
- 10.18.4 Recent Developments
10.19. Viessmann
- 10.19.1 Company Overview
- 10.19.2 Company Revenue
- 10.19.3 Products
- 10.19.4 Recent Developments

Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies