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Hot Water Heaters Market

Hot Water Heaters Market

Hot Water Heaters Market - Global Industry Assessment & Forecast

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Energy & Power
Number Of Pages # Pages:

Base Year:

2022

Date

Nov - 2021

Format:

PDF XLS PPT

Report Code:

VMR-VMR-2021-0907

Segments Covered
  • By Product By Product Electric, Solar, Gas
  • By Technology By Technology Tankless, Storage, Hybrid
  • By Capacity By Capacity Below 30 Liters, 30-100 Liters, 100-250 Liters, 250-400 Liters, Above 400 Liters
  • By Application By Application Residential, Commercial, Industrial
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 27.98 Billion
Revenue 2030Revenue 2030: USD 37.70 Billion
Revenue CAGRRevenue CAGR (2023 - 2030): 4.35%
Fastest Growing Region Fastest Growing Region (2023 - 2030) North America
Largest Region Largest Region (2022): Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
  1. Executive Dashboard
    1. Strategic Imperatives
  2. Premium Insights
    1. Top 3 Trends to Watch
    2. Demand and Supply Trends
    3. Top 3 Strategies Followed by Major Players
    4. Top 3 Predictions by Vantage Market Research
    5. Top Investment Pockets
    6. Insights from Primary Respondents
  3. Global Hot Water Heaters Market - Segment Analysis
    1. Overview
    2. Global Hot Water Heaters Market, 2016 - 2028 (USD Million)
    3. Global Hot Water Heaters Market - by Product
      1. By Electric
      2. By Solar
      3. By Gas
    4. Global Hot Water Heaters Market - by Technology
      1. By Tankless
      2. By Storage
      3. By Hybrid
    5. Global Hot Water Heaters Market - by Capacity
      1. By Below 30 Liters
      2. By 30-100 Liters
      3. By 100-250 Liters
      4. By 250-400 Liters
      5. By Above 400 Liters
    6. Global Hot Water Heaters Market - by Application
      1. By Residential
      2. By Commercial
      3. By Industrial
    7. Global Hot Water Heaters Market - by region
      1. North America
      2. Europe
      3. Asia Pacific
      4. Latin America
      5. Middle East & Africa
    8. Market comparative analysis
  4. North America Hot Water Heaters Market - Segment Analysis
    1. Overview
    2. North America Hot Water Heaters Market, 2016 - 2028 (USD Million)
    3. North America Hot Water Heaters Market, by Product
      1. By Electric
      2. By Solar
      3. By Gas
    4. North America Hot Water Heaters Market, by Technology
      1. By Tankless
      2. By Storage
      3. By Hybrid
    5. North America Hot Water Heaters Market, by Capacity
      1. By Below 30 Liters
      2. By 30-100 Liters
      3. By 100-250 Liters
      4. By 250-400 Liters
      5. By Above 400 Liters
    6. North America Hot Water Heaters Market, by Application
      1. By Residential
      2. By Commercial
      3. By Industrial
    7. North America Hot Water Heaters Market, by Country
      1. U.S.
        1. U.S. Hot Water Heaters Market, By Product
          1. By Electric
          2. By Solar
          3. By Gas
        2. U.S. Hot Water Heaters Market, By Technology
          1. By Tankless
          2. By Storage
          3. By Hybrid
        3. U.S. Hot Water Heaters Market, By Capacity
          1. By Below 30 Liters
          2. By 30-100 Liters
          3. By 100-250 Liters
          4. By 250-400 Liters
          5. By Above 400 Liters
        4. U.S. Hot Water Heaters Market, By Application
          1. By Residential
          2. By Commercial
          3. By Industrial
      2. Canada
        1. Canada Hot Water Heaters Market, By Product
          1. By Electric
          2. By Solar
          3. By Gas
        2. Canada Hot Water Heaters Market, By Technology
          1. By Tankless
          2. By Storage
          3. By Hybrid
        3. Canada Hot Water Heaters Market, By Capacity
          1. By Below 30 Liters
          2. By 30-100 Liters
          3. By 100-250 Liters
          4. By 250-400 Liters
          5. By Above 400 Liters
        4. Canada Hot Water Heaters Market, By Application
          1. By Residential
          2. By Commercial
          3. By Industrial
      3. Mexico
        1. Mexico Hot Water Heaters Market, By Product
          1. By Electric
          2. By Solar
          3. By Gas
        2. Mexico Hot Water Heaters Market, By Technology
          1. By Tankless
          2. By Storage
          3. By Hybrid
        3. Mexico Hot Water Heaters Market, By Capacity
          1. By Below 30 Liters
          2. By 30-100 Liters
          3. By 100-250 Liters
          4. By 250-400 Liters
          5. By Above 400 Liters
        4. Mexico Hot Water Heaters Market, By Application
          1. By Residential
          2. By Commercial
          3. By Industrial
  5. Europe Hot Water Heaters Market - Segment Analysis
    1. Overview
    2. Europe Hot Water Heaters Market, 2016 - 2028 (USD Million)
    3. Europe Hot Water Heaters Market, by Product
      1. By Electric
      2. By Solar
      3. By Gas
    4. Europe Hot Water Heaters Market, by Technology
      1. By Tankless
      2. By Storage
      3. By Hybrid
    5. Europe Hot Water Heaters Market, by Capacity
      1. By Below 30 Liters
      2. By 30-100 Liters
      3. By 100-250 Liters
      4. By 250-400 Liters
      5. By Above 400 Liters
    6. Europe Hot Water Heaters Market, by Application
      1. By Residential
      2. By Commercial
      3. By Industrial
    7. Europe Hot Water Heaters Market, by Country
      1. Germany
        1. Germany Hot Water Heaters Market, By Product
          1. By Electric
          2. By Solar
          3. By Gas
        2. Germany Hot Water Heaters Market, By Technology
          1. By Tankless
          2. By Storage
          3. By Hybrid
        3. Germany Hot Water Heaters Market, By Capacity
          1. By Below 30 Liters
          2. By 30-100 Liters
          3. By 100-250 Liters
          4. By 250-400 Liters
          5. By Above 400 Liters
        4. Germany Hot Water Heaters Market, By Application
          1. By Residential
          2. By Commercial
          3. By Industrial
      2. UK
        1. UK Market, By Product
          1. By Electric
          2. By Solar
          3. By Gas
        2. UK Market, By Technology
          1. By Tankless
          2. By Storage
          3. By Hybrid
        3. UK Market, By Capacity
          1. By Below 30 Liters
          2. By 30-100 Liters
          3. By 100-250 Liters
          4. By 250-400 Liters
          5. By Above 400 Liters
        4. UK Market, By Application
          1. By Residential
          2. By Commercial
          3. By Industrial
      3. France
        1. France Hot Water Heaters Market, By Product
          1. By Electric
          2. By Solar
          3. By Gas
        2. France Hot Water Heaters Market, By Technology
          1. By Tankless
          2. By Storage
          3. By Hybrid
        3. France Hot Water Heaters Market, By Capacity
          1. By Below 30 Liters
          2. By 30-100 Liters
          3. By 100-250 Liters
          4. By 250-400 Liters
          5. By Above 400 Liters
        4. France Hot Water Heaters Market, By Application
          1. By Residential
          2. By Commercial
          3. By Industrial
      4. Spain
        1. Spain Hot Water Heaters Market, By Product
          1. By Electric
          2. By Solar
          3. By Gas
        2. Spain Hot Water Heaters Market, By Technology
          1. By Tankless
          2. By Storage
          3. By Hybrid
        3. Spain Hot Water Heaters Market, By Capacity
          1. By Below 30 Liters
          2. By 30-100 Liters
          3. By 100-250 Liters
          4. By 250-400 Liters
          5. By Above 400 Liters
        4. Spain Hot Water Heaters Market, By Application
          1. By Residential
          2. By Commercial
          3. By Industrial
      5. Italy
        1. Italy Hot Water Heaters Market, By Product
          1. By Electric
          2. By Solar
          3. By Gas
        2. Italy Hot Water Heaters Market, By Technology
          1. By Tankless
          2. By Storage
          3. By Hybrid
        3. Italy Hot Water Heaters Market, By Capacity
          1. By Below 30 Liters
          2. By 30-100 Liters
          3. By 100-250 Liters
          4. By 250-400 Liters
          5. By Above 400 Liters
        4. Italy Hot Water Heaters Market, By Application
          1. By Residential
          2. By Commercial
          3. By Industrial
      6. BENELUX
        1. BENELUX Hot Water Heaters Market, By Product
          1. By Electric
          2. By Solar
          3. By Gas
        2. BENELUX Hot Water Heaters Market, By Technology
          1. By Tankless
          2. By Storage
          3. By Hybrid
        3. BENELUX Hot Water Heaters Market, By Capacity
          1. By Below 30 Liters
          2. By 30-100 Liters
          3. By 100-250 Liters
          4. By 250-400 Liters
          5. By Above 400 Liters
        4. BENELUX Hot Water Heaters Market, By Application
          1. By Residential
          2. By Commercial
          3. By Industrial
      7. Rest of Europe
        1. Rest Of Europe Hot Water Heaters Market, By Product
          1. By Electric
          2. By Solar
          3. By Gas
        2. Rest Of Europe Hot Water Heaters Market, By Technology
          1. By Tankless
          2. By Storage
          3. By Hybrid
        3. Rest Of Europe Hot Water Heaters Market, By Capacity
          1. By Below 30 Liters
          2. By 30-100 Liters
          3. By 100-250 Liters
          4. By 250-400 Liters
          5. By Above 400 Liters
        4. Rest Of Europe Hot Water Heaters Market, By Application
          1. By Residential
          2. By Commercial
          3. By Industrial
  6. Asia Pacific Hot Water Heaters Market - Segment Analysis
    1. Overview
    2. Asia Pacific Hot Water Heaters Market, 2016 - 2028 (USD Million)
    3. Asia Pacific Hot Water Heaters Market, by Product
      1. By Electric
      2. By Solar
      3. By Gas
    4. Asia Pacific Hot Water Heaters Market, by Technology
      1. By Tankless
      2. By Storage
      3. By Hybrid
    5. Asia Pacific Hot Water Heaters Market, by Capacity
      1. By Below 30 Liters
      2. By 30-100 Liters
      3. By 100-250 Liters
      4. By 250-400 Liters
      5. By Above 400 Liters
    6. Asia Pacific Hot Water Heaters Market, by Application
      1. By Residential
      2. By Commercial
      3. By Industrial
    7. Asia Pacific Hot Water Heaters Market, by Country
      1. China
        1. China Hot Water Heaters Market, By Product
          1. By Electric
          2. By Solar
          3. By Gas
        2. China Hot Water Heaters Market, By Technology
          1. By Tankless
          2. By Storage
          3. By Hybrid
        3. China Hot Water Heaters Market, By Capacity
          1. By Below 30 Liters
          2. By 30-100 Liters
          3. By 100-250 Liters
          4. By 250-400 Liters
          5. By Above 400 Liters
        4. China Hot Water Heaters Market, By Application
          1. By Residential
          2. By Commercial
          3. By Industrial
      2. Japan
        1. Japan Hot Water Heaters Market, By Product
          1. By Electric
          2. By Solar
          3. By Gas
        2. Japan Hot Water Heaters Market, By Technology
          1. By Tankless
          2. By Storage
          3. By Hybrid
        3. Japan Hot Water Heaters Market, By Capacity
          1. By Below 30 Liters
          2. By 30-100 Liters
          3. By 100-250 Liters
          4. By 250-400 Liters
          5. By Above 400 Liters
        4. Japan Hot Water Heaters Market, By Application
          1. By Residential
          2. By Commercial
          3. By Industrial
      3. India
        1. India Hot Water Heaters Market, By Product
          1. By Electric
          2. By Solar
          3. By Gas
        2. India Hot Water Heaters Market, By Technology
          1. By Tankless
          2. By Storage
          3. By Hybrid
        3. India Hot Water Heaters Market, By Capacity
          1. By Below 30 Liters
          2. By 30-100 Liters
          3. By 100-250 Liters
          4. By 250-400 Liters
          5. By Above 400 Liters
        4. India Hot Water Heaters Market, By Application
          1. By Residential
          2. By Commercial
          3. By Industrial
      4. South Korea
        1. South Korea Hot Water Heaters Market, By Product
          1. By Electric
          2. By Solar
          3. By Gas
        2. South Korea Hot Water Heaters Market, By Technology
          1. By Tankless
          2. By Storage
          3. By Hybrid
        3. South Korea Hot Water Heaters Market, By Capacity
          1. By Below 30 Liters
          2. By 30-100 Liters
          3. By 100-250 Liters
          4. By 250-400 Liters
          5. By Above 400 Liters
        4. South Korea Hot Water Heaters Market, By Application
          1. By Residential
          2. By Commercial
          3. By Industrial
      5. South East Asia
        1. South East Asia Hot Water Heaters Market, By Product
          1. By Electric
          2. By Solar
          3. By Gas
        2. South East Asia Hot Water Heaters Market, By Technology
          1. By Tankless
          2. By Storage
          3. By Hybrid
        3. South East Asia Hot Water Heaters Market, By Capacity
          1. By Below 30 Liters
          2. By 30-100 Liters
          3. By 100-250 Liters
          4. By 250-400 Liters
          5. By Above 400 Liters
        4. South East Asia Hot Water Heaters Market, By Application
          1. By Residential
          2. By Commercial
          3. By Industrial
      6. Rest of Asia Pacific
        1. Rest of Asia Pacific Hot Water Heaters Market, By Product
          1. By Electric
          2. By Solar
          3. By Gas
        2. Rest of Asia Pacific Hot Water Heaters Market, By Technology
          1. By Tankless
          2. By Storage
          3. By Hybrid
        3. Rest of Asia Pacific Hot Water Heaters Market, By Capacity
          1. By Below 30 Liters
          2. By 30-100 Liters
          3. By 100-250 Liters
          4. By 250-400 Liters
          5. By Above 400 Liters
        4. Rest of Asia Pacific Hot Water Heaters Market, By Application
          1. By Residential
          2. By Commercial
          3. By Industrial
  7. Latin America Hot Water Heaters Market - Segment Analysis
    1. Overview
    2. Latin America Hot Water Heaters Market, 2016 - 2028 (USD Million)
    3. Latin America Hot Water Heaters Market, by Product
      1. By Electric
      2. By Solar
      3. By Gas
    4. Latin America Hot Water Heaters Market, by Technology
      1. By Tankless
      2. By Storage
      3. By Hybrid
    5. Latin America Hot Water Heaters Market, by Capacity
      1. By Below 30 Liters
      2. By 30-100 Liters
      3. By 100-250 Liters
      4. By 250-400 Liters
      5. By Above 400 Liters
    6. Latin America Hot Water Heaters Market, by Application
      1. By Residential
      2. By Commercial
      3. By Industrial
    7. Latin America Hot Water Heaters Market, by Country
      1. Brazil
        1. Brazil Hot Water Heaters Market, By Product
          1. By Electric
          2. By Solar
          3. By Gas
        2. Brazil Hot Water Heaters Market, By Technology
          1. By Tankless
          2. By Storage
          3. By Hybrid
        3. Brazil Hot Water Heaters Market, By Capacity
          1. By Below 30 Liters
          2. By 30-100 Liters
          3. By 100-250 Liters
          4. By 250-400 Liters
          5. By Above 400 Liters
        4. Brazil Hot Water Heaters Market, By Application
          1. By Residential
          2. By Commercial
          3. By Industrial
      2. Argentina
        1. Argentina Hot Water Heaters Market, By Product
          1. By Electric
          2. By Solar
          3. By Gas
        2. Argentina Hot Water Heaters Market, By Technology
          1. By Tankless
          2. By Storage
          3. By Hybrid
        3. Argentina Hot Water Heaters Market, By Capacity
          1. By Below 30 Liters
          2. By 30-100 Liters
          3. By 100-250 Liters
          4. By 250-400 Liters
          5. By Above 400 Liters
        4. Argentina Hot Water Heaters Market, By Application
          1. By Residential
          2. By Commercial
          3. By Industrial
      3. Rest of Latin America
        1. Rest of Latin America Hot Water Heaters Market, By Product
          1. By Electric
          2. By Solar
          3. By Gas
        2. Rest of Latin America Hot Water Heaters Market, By Technology
          1. By Tankless
          2. By Storage
          3. By Hybrid
        3. Rest of Latin America Hot Water Heaters Market, By Capacity
          1. By Below 30 Liters
          2. By 30-100 Liters
          3. By 100-250 Liters
          4. By 250-400 Liters
          5. By Above 400 Liters
        4. Rest of Latin America Hot Water Heaters Market, By Application
          1. By Residential
          2. By Commercial
          3. By Industrial
  8. Middle East & Africa Hot Water Heaters Market - Segment Analysis
    1. Overview
    2. Middle East & Africa Hot Water Heaters Market, 2016 - 2028 (USD Million)
    3. Middle East & Africa Hot Water Heaters Market, by Product
      1. By Electric
      2. By Solar
      3. By Gas
    4. Middle East & Africa Hot Water Heaters Market, by Technology
      1. By Tankless
      2. By Storage
      3. By Hybrid
    5. Middle East & Africa Hot Water Heaters Market, by Capacity
      1. By Below 30 Liters
      2. By 30-100 Liters
      3. By 100-250 Liters
      4. By 250-400 Liters
      5. By Above 400 Liters
    6. Middle East & Africa Hot Water Heaters Market, by Application
      1. By Residential
      2. By Commercial
      3. By Industrial
    7. Middle East & Africa Hot Water Heaters Market, by Country
      1. GCC Countries
        1. GCC Countries Hot Water Heaters Market, By Product
          1. By Electric
          2. By Solar
          3. By Gas
        2. GCC Countries Hot Water Heaters Market, By Technology
          1. By Tankless
          2. By Storage
          3. By Hybrid
        3. GCC Countries Hot Water Heaters Market, By Capacity
          1. By Below 30 Liters
          2. By 30-100 Liters
          3. By 100-250 Liters
          4. By 250-400 Liters
          5. By Above 400 Liters
        4. GCC Countries Hot Water Heaters Market, By Application
          1. By Residential
          2. By Commercial
          3. By Industrial
      2. South Africa
        1. South Africa Hot Water Heaters Market, By Product
          1. By Electric
          2. By Solar
          3. By Gas
        2. South Africa Hot Water Heaters Market, By Technology
          1. By Tankless
          2. By Storage
          3. By Hybrid
        3. South Africa Hot Water Heaters Market, By Capacity
          1. By Below 30 Liters
          2. By 30-100 Liters
          3. By 100-250 Liters
          4. By 250-400 Liters
          5. By Above 400 Liters
        4. South Africa Hot Water Heaters Market, By Application
          1. By Residential
          2. By Commercial
          3. By Industrial
      3. Rest of Middle East & Africa
        1. Rest of Middle East & Africa Hot Water Heaters Market, By Product
          1. By Electric
          2. By Solar
          3. By Gas
        2. Rest of Middle East & Africa Hot Water Heaters Market, By Technology
          1. By Tankless
          2. By Storage
          3. By Hybrid
        3. Rest of Middle East & Africa Hot Water Heaters Market, By Capacity
          1. By Below 30 Liters
          2. By 30-100 Liters
          3. By 100-250 Liters
          4. By 250-400 Liters
          5. By Above 400 Liters
        4. Rest of Middle East & Africa Hot Water Heaters Market, By Application
          1. By Residential
          2. By Commercial
          3. By Industrial
  9. Key Market Dynamics
    1. Introduction
    2. Market Drivers
    3. Market Restraints
    4. Market Opportunities
    5. Porter's Five Forces Analysis
    6. PEST Analysis
    7. Regulatory Landscape
    8. Technology Landscape
    9. Regional Market Trends
  10. COVID 19 Impact Analysis
    1. Key strategies undertaken by companies to tackle COVID-19
    2. Short term dynamics
    3. Long term dynamics
  11. Marketing Stratagy Analysis
    1. Marketing Channel
    2. Direct Marketing
    3. Indirect Marketing
    4. Marketing Channel Development Trends
  12. Competative Landscape
    1. Competition Matrix - 2021
    2. Company Market Share Analysis - 2021
    3. Key Company Activities, 2018 - 2021
    4. Strategic Developments - Heat Map Analysis
    5. Company Offering Evaluation
    6. Company Regional Presence Evaluation
  13. Company Profiles
    1. Rheem Manufacturing Company
    2. Rinnai Corporation
    3. Bradford White Corporation
    4. Lennox International Inc.
    5. FERROLI S.p.A
    6. Kenmore
    7. A.O. Smith
    8. Robert Bosch LLC
    9. Ariston Thermo SpA
    10. NORITZ Corporation
    11. Whirlpool Corporation
    12. Westinghouse Electric Corporation
    13. Bajaj Electricals Ltd
    14. Haier Inc.
    15. Havells India Ltd
  14. Key Primary Respondents - VERBATIM
  15. Discussion Guide
  16. Customization Offered
  17. Annexure
  18. List of Figures
  19. List of Tables
  20. List of Abbreviations
FAQ
Frequently Asked Question

  • 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%.

  • 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.

  • The market is project to grow at a CAGR of 4.35% between 2023 and 2030.

  • The driving factors of the Hot Water Heaters include

    • Advancements in Technology

  • Asia Pacific was the leading regional segment of the Hot Water Heaters in 2022.

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