Hot Water Heaters Market
Hot Water Heaters Market - Global Industry Assessment & Forecast
#
Pages:
2022
Nov - 2021
VMR-VMR-2021-0907
Segments Covered
By
Product Electric, Solar, Gas
-
By
Technology Tankless, Storage, Hybrid
-
By
Capacity Below 30 Liters, 30-100 Liters, 100-250 Liters, 250-400 Liters, Above 400 Liters
-
By
Application Residential, Commercial, Industrial
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
 Base Year:
|
2022 |
| Forecast
Years:
|
2023 - 2030 |
 Historical
Years:
|
2017 - 2021 |
 Revenue
2022: |
USD 27.98 Billion |
 Revenue 2030:
|
USD 37.70 Billion |
 Revenue CAGR
(2023 - 2030): |
4.35% |
Fastest Growing Region (2023 -
2030)
|
North America |
Largest Region (2022):
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: Hot Water Heaters Market by Product by Technology by Capacity by Application by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
Data Triangulation and Market Size Estimations
FAQ
Frequently Asked Question
What is the global demand for Hot Water Heaters in terms of revenue?
-
The global Hot Water Heaters valued at USD 27.98 Billion in 2022 and is expected to reach USD 37.70 Billion in 2030 growing at a CAGR of 4.35%.
Which are the prominent players in the market?
-
The prominent players in the market are Rheem Manufacturing Company, Rinnai Corporation, Bradford White Corporation, Lennox International Inc., FERROLI S.p.A, Kenmore, A.O. Smith, Robert Bosch LLC, Ariston Thermo SpA, NORITZ Corporation, Whirlpool Corporation, Westinghouse Electric Corporation, Bajaj Electricals Ltd, Haier Inc., Havells India Ltd.
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 4.35% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Hot Water Heaters include
- Advancements in Technology
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Hot Water Heaters in 2022.
