Eminent players operating in the Storage water heater industry are:
Havells India Ltd.
Hubbell Heaters
Saudi Ceramics Company
Linuo Ritter International Co., Ltd.
Jaquar India
Viessmann
Vaillant
Nihon Itomic Co., Ltd.
Atlantic
A.O. Smith
Ariston Holding N.V.
Bosch Thermotechnology Ltd.
Bradford White Corporation, USA
Haier Inc.
Rheem Manufacturing Company
Whirlpool Corporation
Rinnai America Corporation
State Industries
Ferroli S.p.A
Essency
Authors:
Ankit Gupta, Srishti Agarwal
Frequently Asked Questions (FAQ) :
The market size of storage water heater was exceeded USD 19.11 billion in 2023 and is anticipated to reach more than USD 31.33 billion by 2032, owing to the rising infrastructural expansion driven by the escalating economic development.
Electric storage water heater market is estimated to record 5.5% CAGR from 2023 to 2032, owing to innovation of energy-efficient and cost-effective units coupled with the rising requirement for large capacity water heaters to ensure an uninterrupted supply of hot water.
Asia Pacific storage water heater market size is likely to witness 5.5% CAGR through 2032, due to rising adoption of advanced water treatment solutions, including anti-scale technology and corrosion prevention to enhance reliability and longevity.
Some of the prominent storage water heater firms are Havells India Ltd., Hubbell Heaters, Saudi Ceramics Company, Linuo Ritter International Co., Ltd., Jaquar India, and Viessmann.