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Water Heaters

Water heaters are equipment used to heat and store water depending on the type of the system used. Increasing consumer demand along with government standards for heating equipment drive the higher energy efficiency of the equipment. A variety of tank and tankless water heaters differentiated on the capacity and the type of fuel used define their utilization across numerous applications. The water heater industry experiences a shift on account of mounting demand for smart and energy efficient heating systems, growing dispensable incomes, increasing industrialization and urbanization, and shifting consumer focus toward the replacement of conventional heating equipment. Shift to e-commerce distribution channels post COVID-19 has affected the commercialization of the water heaters, which is further reinforced by the continuous technological advancements comprising integration of a wide variety of innovative features and designs including enhanced control, precise monitoring and smartphone enabled facilities. Robust investments across the private and public sectors in line with ongoing urbanization and ongoing improvements in living standards will accelerate the industry landscape. Growing consumer spending toward energy efficient water heating appliances along with the introduction of IoT enabled, smartphone compatible, smart alert and cloud-based compatibility features in water heaters is positively impacting its adoption among end users.

Continuous industrialization and urbanization across the emerging nations along with stringent government standards and codes is strengthening the product penetration. Ongoing expansion of high-rise buildings along with the development of smart city projects is expanding the demand for new & customized water heating appliances with enhanced safety features across the multi apartments and commercial buildings.

  • Growing disposable income in line with increased spending toward the replacement of traditional water heaters among end users.
  • Extensive research and development activities focusing on the development of low emission water heating solutions.
  • Robust development of smart home connecting devices equipped with wireless connections, digital temperature controls, precise monitoring, glass lined coatings and self-cleaning systems.
  • Rising deployment of modern water heaters across residential and commercial establishments on account of increased energy bills along with the ability of these units to offer instant heating with high supply output and low energy consumption.

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Published: October 2023   

Middle East Water Heater Market350 Pages

Middle East Water Heater Market was valued at USD 1.75 billion in 2023 and is set to witness 5.7% CAGR between 2024 and 2032....

Published: October 2023   

Storage Water Heater Market1200 Pages

Storage Water Heater Market was valued at USD 19.11 billion in 2023 and is projected to register at a 5.8% CAGR between 2024 and 2032....

Published: October 2023   

Instant Water Heater Market400 Pages

Instant Water Heater Market was valued at more than USD 13.17 billion in 2023 and is poised to witness 4.5% CAGR from 2024 to 2032....

Published: October 2023   

Electric Water Heater Market900 Pages

Electric Water Heater Market was valued at USD 22.1 billion in 2022 and is anticipated to grow at a CAGR of over 4.4% from 2023 to 2032. ...

Published: October 2023   

Gas Water Heater Market900 Pages

Gas Water Heater Market was valued at USD 9.38 billion in 2023 and is set to grow at a CAGR of 6.8% during 2024 and 2032....

Published: October 2023   

Asia Pacific Water Heater Market550 Pages

Asia Pacific Water Heater Market was valued at more than USD 11.25 billion in 2023 and is projected to expand at a CAGR of 6.6% from 2024 to 2032....

Published: October 2023   

Saudi Arabia Water Heater Market1160 Pages

Saudi Arabia Water Heater Market was valued at more than USD 542.7 million in 2023 and projected to exhibit 5% CAGR from 2024 to 2032....

Published: June 2023   

Solar Water Heater Market340 Pages

Solar Water Heater Market size was valued at USD 2.78 billion in 2023 and is expected to grow more than 5.7% CAGR from 2024 to 2032....

Published: June 2023   

AMI Water Meter Market450 Pages

AMI Water Meter Market size reached USD 974.5 million in 2022 and is anticipated to register over 29.7% CAGR from 2023 to 2032. ...

Published: June 2023   

Residential Water Heater Market940 Pages

Residential Water Heater Market size surpassed USD 24.35 billion in 2023 and is anticipated to grow at 4.8% CAGR from 2024 to 2032....

Published: May 2023   

Asia Pacific Storage Water Heater Market400 Pages

Asia Pacific Storage Water Heater Market size was valued at USD 6.97 billion in 2023 and is anticipated to witness 6% CAGR from 2024 to 2032...

Published: May 2023   

Commercial Water Heater Market1000 Pages

Commercial Water Heater Market size was valued at USD 7.58 billion in 2023 and is anticipated to grow at 6.7% CAGR from 2024 to 2032....

Published: May 2023   

U.S. Gas Water Heater Market100 Pages

U.S. Gas Water Heater Market size surpassed $1.79 billion in 2023 and is anticipated to register 6.1% CAGR from 2024 to 2032 backed by the ongoing deployment of efficient systems to provide secure heating services....

Published: March 2023   

Water Heater Market1900 Pages

Water Heater Market size exceeded USD 32.28 billion in 2023 and is projected to exhibit more than 5.3% CAGR from 2024 to 2032...

Published: June 2022   

U.S. Commercial Water Heater Market1700 Pages

U.S. Commercial Water Heater Market size exceeded USD 639.5 million in 2023 and is projected to expand at over CAGR of 9.2% from 2024 to 2032....

Published: August 2021   

North America Residential Water Heater Market190 Pages

North America Residential Water Heater Market size exceeded USD 2 billion in 2020, and the annual installation is expected to exceed 14 million units by 2027. ...

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