Water Heaters Global Market Report 2024

Water Heaters Global Market Report 2024 – By Product Type (Solar Heaters, Electric Heaters, Gas and Propane Heaters, Geothermal Heaters), By Distribution channel (Supermarket/Hypermarket, Specialty Stores, E-Commerce, Other Distribution Channels), By End User (Residential, Commercial, Industrial) – Market Size, Trends, And Global Forecast 2024-2033

Name: Water Heaters Global Market Report 2024
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Water Heaters Global Market Report 2024

Starting Price : $4000.00 $3200.00 | Pages : 175 | Published : March 2024 | Delivery Time: 2-3 business days | Format : pdf

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Water Heaters Market Definition

A water heater is a device used for heating water above its ambient temperature, used generally for domestic purposes.

The main product types of water heaters are into solar heaters, electric heaters, gas and propane heaters and geothermal heaters. A geothermal water heater is a component of a larger geothermal heat pump system that provides heated and cooled air to a home. A geothermal heat pump works by circulating a water and antifreeze mixture through a series of loops buried in the ground. The water heaters are distributed through supermarket/hypermarket, specialty stores, E-commerce and other distribution channels and are used by into residential, commercial and industrial end-users.

Water Heaters Market Segmentation

The water heaters market covered in this report is segmented –

1) By Product Type: Solar Heaters, Electric Heaters, Gas and Propane Heaters, Geothermal Heaters

2) By Distribution channel: Supermarket/Hypermarket, Specialty Stores, E-Commerce, Other Distribution Channels

3) By End User: Residential, Commercial, Industrial

Global Water Heaters Market Size 2023 to 2028: Graph

Water Heaters Market Size 2024 And Growth Rate

The water heaters market size has grown strongly in recent years. It will grow from $37.29 billion in 2023 to $40.94 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to rise in disposable income, high investments, adaption of the internet of things (iot) and new product launches along with advanced features.

Water Heaters Market Growth Forecast

The water heaters market size is expected to see strong growth in the next few years. It will grow to $58.09 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to increased internet penetration, a rise in merger and acquisition activity and growing demand for instant heating units. Major trends in the forecast period include offering smart water heaters to protect the energy and increase the efficiency of the water heater, focus on bringing more advancements in hybrid water heaters or systems, to meet the rising demand and to increase their revenue, companies should consider helping in the development of technologies for improving performance, to switch the power load on the grid, by detecting the temperature, invest in the introduction of energy efficient technologies in water heaters to reduce the overall consumption of energy during the water treatment heating process, consider government associations to maintain their renewable energy and for decarbonization purposes and players in the market should consider appealing to technology investments and associations to develop the market presence..

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Water Heaters Market Driver: Urbanization-Driven Expansion Driving The Water Heaters Market

Rapid Urbanization is expected to contribute to the growth of the water heaters market in the forecast period. According to the world economic forum (WEF) (2020), urban populations made up the highest share in Northern American countries with 83.6 percent of residents lived in cities and 56.2 percent of the world population was urban. The growth in the urban population coupled with the rise in disposable incomes and affordability among residents of cities will drive the demand for water heaters market.

Water Heaters Market Driver: Energy Efficiency Driving Growth In The Water Heaters Market

Increasing need of reducing energy consumption is expected to drive the growth of the water heaters market going forward. Reducing energy consumption is imperative to combat climate change, conserve natural resources, lower energy costs, enhance energy security, and minimize environmental pollution, promoting a sustainable and resilient future. Energy-efficient water heaters reduce energy consumption, lower utility bills, and decrease greenhouse gas emissions, promoting cost savings and environmental sustainability while providing hot water for various needs. For instance, in May 2023, according to US Energy Information Administration, a US-based independent statistics analysis organization, the US residential electricity bills increased 5% in 2022, rising from $121 a month to $137 a month. The rise can be attributed to a dual impact: heightened U.S. electricity usage due to extreme temperature fluctuations, encompassing both heating and cooling, and increased fuel expenses for power generation, consequently raising retail electricity rates. Therefore, rise in need of reducing energy consumption will continue to propel the growth of the water heaters market in the forecast period.

Global Water Heaters Market Major Players

Major companies operating in the water heaters market report are A. O. Smith Corporation, Rinnai Corporation, Vaillant Group, Ariston Thermo Group, Rheem Manufacturing Company, Viessmann Group, Haier Smart Home Co., Ltd., Bradford White Corporation, Robert Bosch GmbH, Bajaj Electricals Ltd, Crompton Greaves Consumer Electricals Ltd., Havells India Ltd., Taian Haoli Solar Energy Technology Co., Ltd., AquaWorld Group Co., Ltd., Changzhou XNE Technology Co., Ltd., Guangdong PHNIX Eco-Energy Solution Ltd., Siemens AG, Stiebel Eltron International GmbH, Telford Copper & Stainless Cylinders, Hamworthy Heating, Sun Ray, PBS Power Equipment, s.r.o., Enerstena Group, Petrojet Trade s.r.o., Druzstevni zavody Drazice company, Noritz Corporation, General Electric (GE), ATMOR, Kyungdong Navien Co.,Ltd., Viesmann Group, Whirlpool Corporation, Alfa Laval, Carrier Corporation, Apen Group, State Industries, American Water Heaters, EcoSmart US, Goodman, ABRAVA- DASOL, Aquecedor Solar Transsen Ltda., Br Solar, IEM – Intercambio Eletro Mecanico Ltda., Dana Water Heaters and Coolers Factory LLC, Al Khatib Electrical Water Heater Factory, Pure Blue International LLC, Solar Ray, Genersys South Africa, GoSolar CC, ITS Solar, Kwikot (Pty) Ltd.

Global Water Heaters Market Restraint: Rising Electricity Prices Posing Challenge For The Growth Of The Water Heater Market

Rising electricity prices are expected to limit the growth of the water heater market in the forecast period. Globally, electricity prices are rising due to increasing transmission costs. For instance, in March 2022, according to U.S. Energy Information Administration, a US-based government agency, the average nominal retail electricity price paid by residential electric consumers in the United States increased at the highest rate since 2008 in 2021, rising 4.3% from 2020 to 13.72 cents per kilowatt-hour (kWh). Rising electricity prices coupled with the rising power outages, and high installation costs of solar water heaters will limit the growth of the water heaters market.

Global Water Heaters Market Trend: Introduction Of Energy-Efficient Products

Water heater manufacturers are increasingly producing energy-efficient products to reduce carbon footprint and enable energy savings for the consumers. The rise of energy-efficient appliances can be attributed to the stringent government regulations on electric home appliances and advances in technology. Energy efficient appliances are designed to utilize minimum energy to complete the required task. Currently, over 80 countries have standards and labels for energy efficient appliances. For example, in the USA, an energy star certified water heater saves $3500 over its lifetime.

Global Water Heaters Market Trend: Innovative Offerings For Market Competitiveness

Major companies operating in the water heater market are introducing advanced technologies such as Otto and Orizzonte range of storage water heaters to gain a competitive edge in the market. The Otto and Orizzonte offers unique design, space saving, and water control features. For instance, in December 2022, Havells, an India-based manufacturer of several fast-moving consumer goods, launched Otto and Orizzonte storage waters. The Otto water heater features an exclusive circular design with a customizable temperature setting knob and a color-shifting LED indicator transitioning from blue to amber during heating. In contrast, the Orizzonte model is a compact AC type digital water heater designed for limited ceiling heights. It includes a digital temperature display, energy-saving mode, a user-friendly touch control panel, and a wireless remote controller, along with a timer mode for precise heating duration settings.

Water Heaters Market Merger And Acquisition: A.O Smith Corporation Acquired Giant Factories, Inc.

In October 2021, A.O Smith Corporation, a US-based manufacturer of both residential and commercial water heaters and boilers, acquired Giant Factories, Inc. for $192 million in cash. With this acquisition of Giant Factories Inc., A.O Smith would strengthen their leadership position as a global supplier of residential and commercial water heaters. Giant Factories, Inc. is a Canada-based manufacturer of residential and commercial water heaters.

Regional Analysis For The Global Water Heaters Market

Asia-Pacific was the largest region in the water heaters market in 2023. Western Europe was the second-largest region in the global water heaters market share. The regions covered in the water heaters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the water heaters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain

The water heaters market consists of sales of solar water heaters, electric water heaters, geothermal water heaters, and other water heaters. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The water heaters market research report is one of a series of new reports from The Business Research Company that provides water heaters market statistics, including water heaters industry global market size, regional shares, competitors with a water heaters market share, detailed water heaters market segments, market trends and opportunities, and any further data you may need to thrive in the water heaters industry. This water heaters market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Water Heaters Report Forecast And Analysis

Report Attribute	Details
Market Size Value In 2024	$40.94 billion
Revenue Forecast In 2033	$58.09 billion
Growth Rate	CAGR of 9.1% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Product Type: Solar Heaters, Electric Heaters, Gas and Propane Heaters, Geothermal Heaters 2) By Distribution channel: Supermarket/Hypermarket, Specialty Stores, E-Commerce, Other Distribution Channels 3) By End User: Residential, Commercial, Industrial
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	A. O. Smith Corporation; Rinnai Corporation; Vaillant Group; Ariston Thermo Group; Rheem Manufacturing Company; Viessmann Group; Haier Smart Home Co., Ltd.; Bradford White Corporation; Robert Bosch GmbH; Bajaj Electricals Ltd; Crompton Greaves Consumer Electricals Ltd.; Havells India Ltd.; Taian Haoli Solar Energy Technology Co., Ltd.; AquaWorld Group Co., Ltd.; Changzhou XNE Technology Co., Ltd.; Guangdong PHNIX Eco-Energy Solution Ltd.; Siemens AG; Stiebel Eltron International GmbH; Telford Copper & Stainless Cylinders; Hamworthy Heating; Sun Ray; PBS Power Equipment, s.r.o.; Enerstena Group; Petrojet Trade s.r.o.; Druzstevni zavody Drazice company; Noritz Corporation; General Electric (GE); ATMOR; Kyungdong Navien Co.,Ltd.; Viesmann Group; Whirlpool Corporation; Alfa Laval; Carrier Corporation; Apen Group; State Industries; American Water Heaters; EcoSmart US; Goodman; ABRAVA- DASOL; Aquecedor Solar Transsen Ltda.; Br Solar; IEM – Intercambio Eletro Mecanico Ltda.; Dana Water Heaters and Coolers Factory LLC; Al Khatib Electrical Water Heater Factory; Pure Blue International LLC; Solar Ray; Genersys South Africa; GoSolar CC; ITS Solar; Kwikot (Pty) Ltd.
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1. Executive Summary

2. Water Heaters Market Characteristics

3. Water Heaters Market Trends And Strategies

4. Water Heaters Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Water Heaters Market Size and Growth

5.1. Global Water Heaters Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Water Heaters Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Water Heaters Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Water Heaters Market Segmentation

6.1. Global Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Solar Heaters

Electric Heaters

Gas and Propane Heaters

Geothermal Heaters

6.2. Global Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Supermarket/Hypermarket

Specialty Stores

E-Commerce

Other Distribution Channels

6.3. Global Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Residential

Commercial

Industrial

7. Water Heaters Market Regional And Country Analysis

7.1. Global Water Heaters Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Water Heaters Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Water Heaters Market

8.1. Asia-Pacific Water Heaters Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Water Heaters Market

9.1. China Water Heaters Market Overview

9.2. China Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Water Heaters Market

10.1. India Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Water Heaters Market

11.1. Japan Water Heaters Market Overview

11.2. Japan Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Water Heaters Market

12.1. Australia Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Water Heaters Market

13.1. Indonesia Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Water Heaters Market

14.1. South Korea Water Heaters Market Overview

14.2. South Korea Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Water Heaters Market

15.1. Western Europe Water Heaters Market Overview

15.2. Western Europe Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Water Heaters Market

16.1. UK Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Water Heaters Market

17.1. Germany Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Water Heaters Market

18.1. France Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.2. France Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.3. France Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Water Heaters Market

19.1. Italy Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.2. Italy Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.3. Italy Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Water Heaters Market

20.1. Spain Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.2. Spain Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.3. Spain Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Water Heaters Market

21.1. Eastern Europe Water Heaters Market Overview

21.2. Eastern Europe Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Water Heaters Market

22.1. Russia Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Water Heaters Market

23.1. North America Water Heaters Market Overview

23.2. North America Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Water Heaters Market

24.1. USA Water Heaters Market Overview

24.2. USA Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Water Heaters Market

25.1. Canada Water Heaters Market Overview

25.2. Canada Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Water Heaters Market

26.1. South America Water Heaters Market Overview

26.2. South America Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Water Heaters Market

27.1. Brazil Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Water Heaters Market

28.1. Middle East Water Heaters Market Overview

28.2. Middle East Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Water Heaters Market

29.1. Africa Water Heaters Market Overview

29.2. Africa Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Water Heaters Market Competitive Landscape And Company Profiles

30.1. Water Heaters Market Competitive Landscape

30.2. Water Heaters Market Company Profiles

30.2.1. A. O. Smith Corporation

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. Rinnai Corporation

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. Vaillant Group

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Ariston Thermo Group

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. Rheem Manufacturing Company

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Water Heaters Market Other Major And Innovative Companies

31.1. Viessmann Group

31.2. Haier Smart Home Co., Ltd.

31.3. Bradford White Corporation

31.4. Robert Bosch GmbH

31.5. Bajaj Electricals Ltd

31.6. Crompton Greaves Consumer Electricals Ltd.

31.7. Havells India Ltd.

31.8. Taian Haoli Solar Energy Technology Co., Ltd.

31.9. AquaWorld Group Co., Ltd.

31.10. Changzhou XNE Technology Co., Ltd.

31.11. Guangdong PHNIX Eco-Energy Solution Ltd.

31.12. Siemens AG

31.13. Stiebel Eltron International GmbH

31.14. Telford Copper & Stainless Cylinders

31.15. Hamworthy Heating

32. Global Water Heaters Market Competitive Benchmarking

33. Global Water Heaters Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Water Heaters Market

35. Water Heaters Market Future Outlook and Potential Analysis

35.1 Water Heaters Market In 2028 - Countries Offering Most New Opportunities

35.2 Water Heaters Market In 2028 - Segments Offering Most New Opportunities

35.3 Water Heaters Market In 2028 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Water Heaters Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Water Heaters Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Asia-Pacific, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Asia-Pacific, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: China, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: China, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: India, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: India, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: Japan, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Japan, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Australia, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Australia, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Indonesia, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Indonesia, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: South Korea, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: South Korea, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: Western Europe, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Western Europe, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: UK, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: UK, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: Germany, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Germany, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: France, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: France, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: Italy, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Italy, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Spain, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Spain, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Eastern Europe, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Eastern Europe, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Russia, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Russia, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: North America, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: North America, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: USA, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: USA, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: Canada, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: Canada, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: South America, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: South America, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: Brazil, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: Brazil, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Middle East, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Middle East, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Africa, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Africa, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: A. O. Smith Corporation Financial Performance

Table 75: Rinnai Corporation Financial Performance

Table 76: Vaillant Group Financial Performance

Table 77: Ariston Thermo Group Financial Performance

Table 78: Rheem Manufacturing Company Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Water Heaters Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Water Heaters Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Asia-Pacific, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Asia-Pacific, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: China, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: China, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: India, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: India, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: Japan, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Japan, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Australia, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Australia, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Indonesia, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Indonesia, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: South Korea, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: South Korea, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: Western Europe, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Western Europe, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: UK, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: UK, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: Germany, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Germany, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: France, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: France, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: Italy, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Italy, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Spain, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Spain, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Eastern Europe, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Eastern Europe, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Russia, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Russia, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: North America, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: North America, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: USA, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: USA, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: Canada, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: Canada, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: South America, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: South America, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: Brazil, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: Brazil, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Middle East, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Middle East, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Africa, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Africa, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: A. O. Smith Corporation Financial Performance

Figure 75: Rinnai Corporation Financial Performance

Figure 76: Vaillant Group Financial Performance

Figure 77: Ariston Thermo Group Financial Performance

Figure 78: Rheem Manufacturing Company Financial Performance

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Frequently Asked Questions

What is the definition of the water heaters market?

A water heater is a device used for heating water above its ambient temperature, used generally for domestic purposes. For further insights on the water heaters market, request a sample here

How will the water heaters market drivers and restraints affect the water heaters market dynamics? What forces will shape the water heaters industry going forward?

The water heaters market major growth driver - Urbanization-Driven Expansion Driving The Water Heaters Market. For further insights on the water heaters market, request a sample here

What is the forecast market size or the forecast market value of the water heaters market?

The water heaters market size has grown strongly in recent years. It will grow from $37.29 billion in 2023 to $40.94 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to rise in disposable income, high investments, adaption of the internet of things (iot) and new product launches along with advanced features. The water heaters market size is expected to see strong growth in the next few years. It will grow to $58.09 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to increased internet penetration, a rise in merger and acquisition activity and growing demand for instant heating units. Major trends in the forecast period include offering smart water heaters to protect the energy and increase the efficiency of the water heater, focus on bringing more advancements in hybrid water heaters or systems, to meet the rising demand and to increase their revenue, companies should consider helping in the development of technologies for improving performance, to switch the power load on the grid, by detecting the temperature, invest in the introduction of energy efficient technologies in water heaters to reduce the overall consumption of energy during the water treatment heating process, consider government associations to maintain their renewable energy and for decarbonization purposes and players in the market should consider appealing to technology investments and associations to develop the market presence.. For further insights on the water heaters market, request a sample here

How is the water heaters market segmented?

The water heaters market is segmented
1) By Product Type: Solar Heaters, Electric Heaters, Gas and Propane Heaters, Geothermal Heaters
2) By Distribution channel: Supermarket/Hypermarket, Specialty Stores, E-Commerce, Other Distribution Channels
3) By End User: Residential, Commercial, Industrial For further insights on the water heaters market, request a sample here

Which region has the largest share of the water heaters market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the water heaters market in 2023. Western Europe was the second-largest region in the global water heaters market share. The regions covered in the water heaters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa For further insights on the water heaters market, request a sample here.

Who are the major players in the water heaters market?

What are the key trends in the water heaters market?

Major trend in the water heaters market - Introduction Of Energy-Efficient Products. For further insights on the water heaters market, request a sample here.

What are the major opportunities in the water heaters market? What are the strategies for the water heaters market?

For detailed insights on the major opportunities and strategies in the water heaters market, request a sample here.

How does the water heaters market relate to the overall economy and other similar markets?

For detailed insights on water heaters market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the water heaters industry?

For detailed insights on the mergers and acquisitions in the water heaters industry, request a sample here.

What are the key dynamics influencing the water heaters market growth? SWOT analysis of the water heaters market.

For detailed insights on the key dynamics influencing the water heaters market growth and SWOT analysis of the water heaters industry, request a sample here.