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 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
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