Water Heater Market size was valued at USD 27.36 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4% from 2021 to 2027.
The demand for products is expected to increase as the adoption of various water heaters in the commercial and industrial sectors surges. Increasing demand for hot water, mainly in hospitals and hotels, is expected to boost market growth. In addition, demand for water heaters is expected to increase as the use of products increases in various manufacturing industries such as food and beverage processing and chemical industries.
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Some of the prominent players in the water heater market include:
- Bajaj Electricals Ltd
- Haier Inc.
- Havells India Ltd
- Lennox International Inc.
- FERROLI S.p.A
- Kenmore
By Product Type
- Electric
- Solar
- Gas
By Technology
- Tankless
- Storage
- Hybrid
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Scope of the Report
The research study analyzes the global Water Heater industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Water Heater Market Report
1. What was the Water Heater Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Water Heater Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Water Heater Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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