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Water Heater

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: August 2022   

Asia Pacific Water Heater Market450 Pages

Asia Pacific Water Heater Market size exceeded USD 9 billion in 2021 and is projected to expand at a CAGR of over 5% from 2022 to 2030. ...

Published: June 2022   

Saudi Arabia Water Heater Market100 Pages

Saudi Arabia Water Heater Market size exceeded USD 719 million in 2021 and is projected to expand at a CAGR of over 6 % from 2022 to 2030. ...

Published: June 2022   

Middle East Water Heater Market300 Pages

Middle East Water Heater Market size exceeded USD 1.7 billion by 2021 and is projected to expand at over 7% CAGR from 2022 to 2030. ...

Published: June 2022   

U.S. Commercial Water Heater Market1700 Pages

U.S. Commercial Water Heater Market size exceeded USD 603 million in 2021 and is projected to expand at over CAGR of 9% from 2022 to 2030. ...

Published: June 2022   

Heat Pump Water Heater Market370 Pages

Heat Pump Water Heater Market size was valued at over USD 2.5 billion in 2021 and is projected to observe a growth rate of nearly 5% from 2022 to 2030. ...

Published: May 2022   

Gas Water Heater Market900 Pages

Gas Water Heater Market size surpassed USD 8 billion in 2021 and is anticipated to grow at around 5% CAGR from 2022 to 2030....

Published: May 2022   

Electric Water Heater Market800 Pages

Electric Water Heater Market size valued at USD 23.6 billion in 2021 and is projected to grow at over 4.9% CAGR from 2022 to 2030. ...

Published: April 2022   

Instant Water Heater Market400 Pages

Instant Water Heater Market size was over USD 11 billion in 2021 and annual installation is projected to surpass 89 million units by 2030....

Published: April 2022   

Storage Water Heater Market1000 Pages

Storage Water Heater Market size exceeded USD 18 billion in 2021 and is projected to grow at a CAGR of over 4% between 2022 and 2030. ...

Published: August 2021   

Commercial Water Heater Market1000 Pages

Commercial Water Heater Market size was valued at more than USD 6 billion in 2021 with an annual installation to exceed 4 million units by 2028. ...

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. ...

Published: June 2021   

Residential Water Heater Market940 Pages

Residential Water Heater Market size exceeded USD 18 billion in 2020 and an annual installation is set to surpass 160 million units by 2027. ...

Published: November 2020   

Water Heater Market1300 Pages

Water Heater Market’s annual installation is anticipated to surpass 145 million units by 2026. ...

Published: May 2019   

Solar Water Heater Market340 Pages

Solar Water Heater Market size in 2018 was valued over USD 1 billion and the annual installation is projected to exceed 3 million units by 2025....

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