The UK water heater market is expected to grow at a CAGR 5.7% during the forecast period. The market is growing significantly due to well-established industrial sector; UK is growing economically and technologically. Industrial production is coupled with the increasing demand for energy, and product trade. According to government of UK, a total of 125.8 million tons of oil equivalent energy was produced in 2017, which recorded 0.4% higher growth than 2016. Out of 125.8 million oil equivalent of produced energy, 51.0 million oil equivalents was contributed by oil followed by a total of 40.0 million oil equivalent by natural gas, and remaining by primary electricity, bioenergy and waste, and coal.
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Some of the major factors attributing to the water heater market in UK includes growing industrial sector, increasing demand for energy production, supportive government regulations. The enforcement of regulations by the government for renewable energy source is augmenting the demand for solar, gas, and hybrid water heaters for the sake of environment concern. In UK, demand for heaters is more as compared to the air conditioners due to cold environmental conditions.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
UK Water Heater Market by Energy Source
- Gas
- Electricity Water Heaters
- Hybrid Water Heaters
- Solar Water Heaters
UK Water Heater Market by Mode of Water Supply
- On-Demand Or Tankless Water Heaters
- Storage Or Tank Water Heaters
UK Water Heater Market by End-User
- Residential
- Commercial
- Industrial
Company Profiles
- O. Smith Corp.
- ACV UK
- Andrews Water Heaters
- Ariston Thermo UK
- Atlantic Boilers
- Baxi Heating UK Ltd
- Chromalox UK
- Kingspan Environmental
- MHG Heating
- Stokvis Energy Systems
The Report Covers
- Comprehensive research methodology of the UK Water Heater market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the UK Water Heater market.
- Insights about market determinants which are stimulating the UK Water Heater market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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