Water Heater Market  Global Outlook and Forecast 2029


Posted November 17, 2023 by poojammr

Water Heater Market size was valued at US$ 30.76 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 4% through 2023 to 2029, reaching nearly US$ 40.48 Bn.
 
Water Heater Market Report Scope and Research Methodology :

The report’s research methodology involves compiling data from leading providers and conducting in-depth interviews with key industry figures. Market size estimation is achieved using bottom-up methods, and top market players’ financial reports and interviews with industry leaders contribute to the analysis. Key players in the Water Heater Market include Archer Daniels Midland Company, Aventine Renewable Energy, United Breweries Krin, The Andersons Inc., and British Petroleum.

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Water Heater Market Dynamics:

The Water Heater market is driven by factors such as the rising disposable income of consumers, a growing emphasis on energy efficiency, and increased demand from commercial and industrial sectors. Innovations in electric water heaters, featuring corrosion resistance, water filtration, remote control, and monitoring functions, are contributing to market growth. The adoption of solar water heaters, driven by the benefits of clean energy and cost-effectiveness, is also a significant trend.

Water Heater Market Regional Insights:

North America Emerges as Dominant Player

North America is positioned as a leader in the global Water Heater market, projected to capture the largest market share by 2029. The region's growth is attributed to the increasing demand for energy-efficient systems, technological advancements, and a focus on reducing environmental concerns. The thriving tourism and hospitality industries further contribute to market expansion in North America.

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Water Heater Market Segmentation:

by Type

Gas
Storage
Solar


by Application

Commercial
Residential


by Product

Electric
Solar
Gas

Water Heater Market Key Players:


1.Rinnai Corp
2. Heat Transfer Products Inc.
3. Bradford White Corp.
4. Noritz Corp.
5. Crompton Greaves Ltd.
6. Haier Water Heater Co. Ltd.
7. Ariston Thermo SPA.
8. Rheem Manufacturing Co.
9. Siemens AG
10. O. Smith Corp.
11. GE Co.
12. Bajaj Electricals Ltd.
13. Viessmann
14. Rheem manufacturing
15. Bradford White
16. Wagner Solar
17. Linuo Ritter
18. Bosch
19. Racold
20. V Guard Industries
21. Himin Solar Energy
22. Chromagen
23. Sun Tank
24. Alternate Energy Technologies

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Table of content for the Water Heater Market includes:

Global Water Heater Market : Research Methodology
Global Water Heater Market : Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Water Heater Market : Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:

Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size and Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by growth and trend
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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Issued By poojammr
Country India
Categories Advertising , Affiliate Program , Automotive
Tags water heater market , water heater market size , water heater market share , water heater market analysis , water heater market trends , water heater market future
Last Updated November 17, 2023