Italy water heater market is anticipated to grow at a CAGR 6.1% during the forecast period. Italy records a substantial amount of manufacturing, and industrial production. Therefore, energy requirement is quite high in Italy. Cooling and heating application require ample amount of electricity in the market due to environment conditions. Therefore, with growing demand for energy, Italy is emerging as a key region for the adoption of renewable energy sources. Italy recorded electricity demand of 26 billion kWh in May 2018 with an increase of 1.3% as compared to May 2017.
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According to the Heat Roadmap Europe, Italy contributes a share of 11% in energy consumption for heating purpose, while Germany is leading with 22% electricity consumption for heating. In Italy, residential sector generates heat demand for space heating, sanitary application, and others while commercial sector requires heating for inventory, super markets, shopping malls, and others. In the industrial sector, automotive production, manufacturing industry, energy generation facilities and others contribute to the heat demand. Demand for heat pumps for water heating is expected to increase due to growing application of water heating equipment in commercial and industrial sector.
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Market Segmentation
Italy Water Heater Market by Energy Source
- Gas
- Electricity Water Heaters
- Hybrid Water Heaters
- Solar Water Heaters
Italy Water Heater Market by Mode of Water Supply
- On-Demand Or Tankless Water Heaters
- Storage Or Tank Water Heaters
Italy Water Heater Market by End-User
- Residential
- Commercial
- Industrial
Company Profiles
- O. Smith Corp.
- APES SRL
- Ariston Thermo SPA
- Bandini Scaldabagni SPA
- BAXI S.P.A.
- FENZI S.R.L.
- HEIZER GAS S.R.L.
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