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Published : January 2026

Pages : 175

Format : PDF

Delivery Time : 2-3 Business Days

Report Price : $4490.00

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Water Heaters Market Report 2026

Name: Water Heaters Global Market Report 2025
Brand: The Business Research Company
Price: 4490.00 USD
Availability: InStock

Global Outlook – 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, Strategies, and Forecast to 2035

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Water Heaters Market Overview

• Water Heaters market size has reached to $67.29 billion in 2025

• Expected to grow to $97.53 billion in 2030 at a compound annual growth rate (CAGR) of 7.9%

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

• Market Trend: Integration Of Advanced Thermocline Technology Enhancing Energy Efficiency And Heating Performance

• Asia-Pacific was the largest region in 2025 and Western Europe is the fastest growing region.

What Is Covered Under Water Heaters Market?

Water heaters are appliances designed to heat and typically store hot water for various domestic uses, operating on different energy sources like gas, electricity, oil, or solar energy, and are essential for daily activities such as bathing and cooking while also benefiting from advancements in technology that promote energy efficiency and reduce environmental impact.

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.

What Is The Water Heaters Market Size 2026 And Growth Rate?

The water heaters market size has grown strongly in recent years. It will grow from $67.29 billion in 2025 to $72 billion in 2026 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to increase in household hot water usage, early adoption of electric heaters, growing demand for residential comfort appliances, rise in construction and housing development, expansion of commercial hot water systems.

What Is The 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 $97.53 billion in 2030 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to growing shift toward renewable heating technologies, rising adoption of smart connected heaters, increasing emphasis on energy savings and emission reduction, growth in e commerce distribution for appliances, expanding commercial and industrial heating demand. Major trends in the forecast period include rising demand for energy efficient water heating solutions, growing adoption of tankless and on demand heating systems, increasing use of smart water heaters with remote monitoring, expansion of solar and geothermal heating installations, growing preference for compact and space saving heater designs.

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Global Water Heaters Market Segmentation

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

Subsegments:

1) By Solar Heaters: Active Solar Water Heating Systems, Passive Solar Water Heating Systems, Solar Pool Heaters

2) By Electric Heaters: Tank Electric Water Heaters, Tankless Electric Water Heaters, Heat Pump Water Heaters

3) By Gas And Propane Heaters: Tank Gas Water Heaters, Tankless Gas Water Heaters, Condensing Gas Water Heaters

4) By Geothermal Heaters: Ground Source Heat Pumps, Water Source Heat Pumps, Direct Exchange Systems

What Is The Driver Of The Water Heaters Market?

Rapid Urbanization is expected to contribute to the growth of the water heaters market in the forecast period. Urbanization refers to the process in which an increasing proportion of a population migrates from rural areas to cities, leading to the expansion and development of urban regions. Water heaters support urbanization by enabling reliable access to hot water in growing residential and commercial developments, thereby improving living standards and supporting the infrastructure needs of expanding urban populations. For instance, in January 2024, according to the Independent Commission for Aid Impact (ICAI), a UK-based information and services platform, by 2050, over two-thirds (approximately 67%) of the global population is projected to live in urban areas. Additionally, in April 2023, according to data published by the World Bank, a US-based international financial institution that provides loans and grants to the governments of low- and middle-income countries, 56% of the world’s population or 4.4 billion inhabitants lived in urban areas in 2023, and this number is expected to more than double its current size by 2050. 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. Therefore, rapid urbanization is driving the water heaters industry.

Key Players In The Global Water Heaters Market

Major companies operating in the water heaters market 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, Apen Group, State Industries, American Water Heaters, EcoSmart US, 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 Trends and Insights

Major companies operating in the water heater market are introducing advanced technologies such as advanced thermocline technology to improve energy efficiency, deliver faster and more consistent heating. Advanced Thermocline Technology refers to a heating innovation that optimizes temperature stratification within the water tank to provide more usable hot water efficiently while minimizing energy wastage. For instance, in June 2025, V-Guard Industries Ltd., an India-based manufacturer of consumer goods, launched Luxecube water heater series blends luxe design with smart functionality. Featuring the patented Advanced Thermocline Technology that preserves a sharper hot-water boundary for up to ~38 % more usable hot water, IoT connectivity via the V-Guard Smart app (with voice-control support for Amazon Alexa and Google Home), ambient Luxe Glow Pro LED mood-lighting, real-time energy monitoring, holiday mode, and safety features such as child-lock and self-diagnostics built-for high-rise pressure (0.8 MPa) and premium durability (titanium-infused tank + Incoloy 800 heating element).

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What Are Latest Mergers And Acquisitions In The Water Heaters Market?

In January 2024, Carrier Global Corporation, a US-based company, that designs and manufactures HVAC systems acquired Viessmann Climate Solutions for an undisclosed amount. With this acquisition, Carrier Global Corporation aims to strengthen its portfolio of sustainable climate solutions, addressing the increasing emphasis on renewable energy and energy transition. Viessmann Climate Solutions, a Germany-based manufacturer of heating and refrigeration systems including water heater.

Regional Outlook

Asia-Pacific was the largest region in the water heaters market in 2025. Western Europe was the second-largest region in the global water heaters market share. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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

What Defines the Water Heaters Market?

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.

How is Market Value Defined and Measured?

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.

What Key Data and Analysis Are Included in the Water Heaters Market Report 2026?

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

Author : Girish Kavali

Water Heaters Market Report Forecast Analysis

Report Attribute	Details
Market Size Value In 2025	$67.29 billion
Revenue Forecast In 2034	$90.22 billion
Growth Rate	CAGR of 7.6% from 2025 to 2034
Base Year For Estimation	2024
Actual Estimates/Historical Data	2019-2024
Forecast Period	2025 - 2029 - 2034
Market Representation	Revenue in USD Billion and CAGR from 2025 to 2034
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 Subsegments: 1) By Solar Heaters: Active Solar Water Heating Systems, Passive Solar Water Heating Systems, Solar Pool Heaters 2) By Electric Heaters: Tank Electric Water Heaters, Tankless Electric Water Heaters, Heat Pump Water Heaters 3) By Gas And Propane Heaters: Tank Gas Water Heaters, Tankless Gas Water Heaters, Condensing Gas Water Heaters 4) By Geothermal Heaters: Ground Source Heat Pumps, Water Source Heat Pumps, Direct Exchange Systems
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 are 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.
Customization Scope	Request for Sample
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1. Executive Summary

1.1. Key Market Insights (2020-2035)

1.2. Visual Dashboard: Market Size, Growth Rate, Hotspots

1.3. Major Factors Driving the Market

1.4. Top Three Trends Shaping the Market

2. Water Heaters Market Characteristics

2.1. Market Definition & Scope

2.2. Market Segmentations

2.3. Overview of Key Products and Services

2.4. Global Water Heaters Market Attractiveness Scoring And Analysis

2.4.1. Overview of Market Attractiveness Framework

2.4.2. Quantitative Scoring Methodology

2.4.3. Factor-Wise Evaluation

Growth Potential Analysis, Competitive Dynamics Assessment, Strategic Fit Assessment And Risk Profile Evaluation

2.4.4. Market Attractiveness Scoring and Interpretation

2.4.5. Strategic Implications and Recommendations

3. Water Heaters Market Supply Chain Analysis

3.1. Overview of the Supply Chain and Ecosystem

3.2. List Of Key Raw Materials, Resources & Suppliers

3.3. List Of Major Distributors and Channel Partners

3.4. List Of Major End Users

4. Global Water Heaters Market Trends And Strategies

4.1. Key Technologies & Future Trends

4.1.1 Sustainability, Climate Tech & Circular Economy

4.1.2 Internet Of Things (Iot), Smart Infrastructure & Connected Ecosystems

4.1.3 Industry 4.0 & Intelligent Manufacturing

4.1.4 Digitalization, Cloud, Big Data & Cybersecurity

4.1.5 Artificial Intelligence & Autonomous Intelligence

4.2. Major Trends

4.2.1 Rising Demand For Energy Efficient Water Heating Solutions

4.2.2 Growing Adoption Of Tankless And On-Demand Heating Systems

4.2.3 Increasing Use Of Smart Water Heaters With Remote Monitoring

4.2.4 Expansion Of Solar And Geothermal Heating Installations

4.2.5 Growing Preference For Compact And Space Saving Heater Designs

5. Water Heaters Market Analysis Of End Use Industries

5.1 Residential Households

5.2 Hotels And Hospitality

5.3 Industrial Facilities

5.4 Commercial Buildings

5.5 Healthcare Facilities

6. Water Heaters Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, Supply Chain Impact from Tariff War & Trade Protectionism, And Covid And Recovery On The Market

7. Global Water Heaters Strategic Analysis Framework, Current Market Size, Market Comparisons And Growth Rate Analysis

7.1. Global Water Heaters PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

7.2. Global Water Heaters Market Size, Comparisons And Growth Rate Analysis

7.3. Global Water Heaters Historic Market Size and Growth, 2020 - 2025, Value ($ Billion)

7.4. Global Water Heaters Forecast Market Size and Growth, 2025 - 2030, 2035F, Value ($ Billion)

8. Global Water Heaters Total Addressable Market (TAM) Analysis for the Market

8.1. Definition and Scope of Total Addressable Market (TAM)

8.2. Methodology and Assumptions

8.3. Global Total Addressable Market (TAM) Estimation

8.4. TAM vs. Current Market Size Analysis

8.5. Strategic Insights and Growth Opportunities from TAM Analysis

9. Water Heaters Market Segmentation

9.1. Global Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Solar Heaters, Electric Heaters, Gas and Propane Heaters, Geothermal Heaters

9.2. Global Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Supermarket/Hypermarket, Specialty Stores, E-Commerce, Other Distribution Channels

9.3. Global Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Residential, Commercial, Industrial

9.4. Global Water Heaters Market, Sub-Segmentation Of Solar Heaters, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Active Solar Water Heating Systems, Passive Solar Water Heating Systems, Solar Pool Heaters

9.5. Global Water Heaters Market, Sub-Segmentation Of Electric Heaters, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Tank Electric Water Heaters, Tankless Electric Water Heaters, Heat Pump Water Heaters

9.6. Global Water Heaters Market, Sub-Segmentation Of Gas And Propane Heaters, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Tank Gas Water Heaters, Tankless Gas Water Heaters, Condensing Gas Water Heaters

9.7. Global Water Heaters Market, Sub-Segmentation Of Geothermal Heaters, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Ground Source Heat Pumps, Water Source Heat Pumps, Direct Exchange Systems

10. Water Heaters Market Regional And Country Analysis

10.1. Global Water Heaters Market, Split By Region, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

10.2. Global Water Heaters Market, Split By Country, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

11. Asia-Pacific Water Heaters Market

11.1. Asia-Pacific Water Heaters Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

11.2. Asia-Pacific Water Heaters Market, Segmentation By Product Type, Segmentation By Distribution channel, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

12. China Water Heaters Market

12.1. China Water Heaters Market Overview

Country Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

12.2. China Water Heaters Market, Segmentation By Product Type, Segmentation By Distribution channel, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

13. India Water Heaters Market

13.1. India Water Heaters Market, Segmentation By Product Type, Segmentation By Distribution channel, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

14. Japan Water Heaters Market

14.1. Japan Water Heaters Market Overview

14.2. Japan Water Heaters Market, Segmentation By Product Type, Segmentation By Distribution channel, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

15. Australia Water Heaters Market

15.1. Australia Water Heaters Market, Segmentation By Product Type, Segmentation By Distribution channel, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

16. Indonesia Water Heaters Market

16.1. Indonesia Water Heaters Market, Segmentation By Product Type, Segmentation By Distribution channel, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

17. South Korea Water Heaters Market

17.1. South Korea Water Heaters Market Overview

17.2. South Korea Water Heaters Market, Segmentation By Product Type, Segmentation By Distribution channel, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

18. Taiwan Water Heaters Market

18.1. Taiwan Water Heaters Market Overview

18.2. Taiwan Water Heaters Market, Segmentation By Product Type, Segmentation By Distribution channel, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

19. South East Asia Water Heaters Market

19.1. South East Asia Water Heaters Market Overview

19.2. South East Asia Water Heaters Market, Segmentation By Product Type, Segmentation By Distribution channel, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

20. Western Europe Water Heaters Market

20.1. Western Europe Water Heaters Market Overview

20.2. Western Europe Water Heaters Market, Segmentation By Product Type, Segmentation By Distribution channel, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

21. UK Water Heaters Market

21.1. UK Water Heaters Market, Segmentation By Product Type, Segmentation By Distribution channel, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

22. Germany Water Heaters Market

22.1. Germany Water Heaters Market, Segmentation By Product Type, Segmentation By Distribution channel, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

23. France Water Heaters Market

23.1. France Water Heaters Market, Segmentation By Product Type, Segmentation By Distribution channel, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

24. Italy Water Heaters Market

24.1. Italy Water Heaters Market, Segmentation By Product Type, Segmentation By Distribution channel, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

25. Spain Water Heaters Market

25.1. Spain Water Heaters Market, Segmentation By Product Type, Segmentation By Distribution channel, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

26. Eastern Europe Water Heaters Market

26.1. Eastern Europe Water Heaters Market Overview

26.2. Eastern Europe Water Heaters Market, Segmentation By Product Type, Segmentation By Distribution channel, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

27. Russia Water Heaters Market

27.1. Russia Water Heaters Market, Segmentation By Product Type, Segmentation By Distribution channel, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

28. North America Water Heaters Market

28.1. North America Water Heaters Market Overview

28.2. North America Water Heaters Market, Segmentation By Product Type, Segmentation By Distribution channel, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

29. USA Water Heaters Market

29.1. USA Water Heaters Market Overview

29.2. USA Water Heaters Market, Segmentation By Product Type, Segmentation By Distribution channel, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

30. Canada Water Heaters Market

30.1. Canada Water Heaters Market Overview

30.2. Canada Water Heaters Market, Segmentation By Product Type, Segmentation By Distribution channel, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

31. South America Water Heaters Market

31.1. South America Water Heaters Market Overview

31.2. South America Water Heaters Market, Segmentation By Product Type, Segmentation By Distribution channel, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

32. Brazil Water Heaters Market

32.1. Brazil Water Heaters Market, Segmentation By Product Type, Segmentation By Distribution channel, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

33. Middle East Water Heaters Market

33.1. Middle East Water Heaters Market Overview

33.2. Middle East Water Heaters Market, Segmentation By Product Type, Segmentation By Distribution channel, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

34. Africa Water Heaters Market

34.1. Africa Water Heaters Market Overview

34.2. Africa Water Heaters Market, Segmentation By Product Type, Segmentation By Distribution channel, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

35. Water Heaters Market Regulatory and Investment Landscape

36. Water Heaters Market Competitive Landscape And Company Profiles

36.1. Water Heaters Market Competitive Landscape And Market Share 2024

36.1.1. Top 10 Companies (Ranked by revenue/share)

36.2. Water Heaters Market - Company Scoring Matrix

36.2.1. Market Revenues

36.2.2. Product Innovation Score

36.2.3. Brand Recognition

36.3. Water Heaters Market Company Profiles

36.3.1. A. O. Smith Corporation Overview, Products and Services, Strategy and Financial Analysis

36.3.2. Rinnai Corporation Overview, Products and Services, Strategy and Financial Analysis

36.3.3. Vaillant Group Overview, Products and Services, Strategy and Financial Analysis

36.3.4. Ariston Thermo Group Overview, Products and Services, Strategy and Financial Analysis

36.3.5. Rheem Manufacturing Company Overview, Products and Services, Strategy and Financial Analysis

37. Water Heaters Market Other Major And Innovative Companies

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

38. Global Water Heaters Market Competitive Benchmarking And Dashboard

39. Key Mergers And Acquisitions In The Water Heaters Market

40. Water Heaters Market High Potential Countries, Segments and Strategies

40.1 Water Heaters Market In 2030 - Countries Offering Most New Opportunities

40.2 Water Heaters Market In 2030 - Segments Offering Most New Opportunities

40.3 Water Heaters Market In 2030 - Growth Strategies

40.3.1 Market Trend Based Strategies

40.3.2 Competitor Strategies

41. Appendix

41.1. Abbreviations

41.2. Currencies

41.3. Historic And Forecast Inflation Rates

41.4. Research Inquiries

41.5. The Business Research Company

41.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Water Heaters Market, Overview Of Key Products - Product Examples

Table 2: Global Water Heaters Market Attractiveness, Factor-Wise Evaluation

Table 3: Global Water Heaters Market, Supply Chain Analysis

Table 4: Global Water Heaters Market, Major Raw Material Providers

Table 5: Global Water Heaters Market, Major Resource Providers

Table 6: Global Water Heaters Market, Major Manufacturers (Suppliers)

Table 7: Global Water Heaters Market, Major Distributors And Channel Partners

Table 8: Global Water Heaters Market, Key Technologies & Future Trends

Table 9: Global Water Heaters Market, Major Trends

Table 10: Global Water Heaters Market, Major End Users

Table 11: Global Water Heaters Market, PESTEL (Political, Economic, Social, Technology, Environmental and Legal) Analysis

Table 12: Global Water Heaters Historic Market Growth, 2020-2025, $ Billion

Table 13: Global Water Heaters Forecast Market Growth, 2025-2030F, 2035F, $ Billion

Table 14: Global Water Heaters Market - TAM, US$ Billion, 2025

Table 15: Global Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 16: Global Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 17: Global Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 18: Global Water Heaters Market, Sub-Segmentation Of Solar Heaters, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 19: Global Water Heaters Market, Sub-Segmentation Of Electric Heaters, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 20: Global Water Heaters Market, Sub-Segmentation Of Gas And Propane Heaters, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 21: Global Water Heaters Market, Sub-Segmentation Of Geothermal Heaters, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 22: Global Water Heaters Market, Split By Region, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 23: Global Water Heaters Market, Split By Country, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 24: Asia-Pacific, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 25: Asia-Pacific, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 26: Asia-Pacific, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 27: China, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 28: China, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 29: China, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 30: India, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 31: India, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 32: India, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 33: Japan, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 34: Japan, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 35: Japan, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 36: Australia, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 37: Australia, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 38: Australia, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 39: Indonesia, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 40: Indonesia, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 41: Indonesia, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 42: South Korea, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 43: South Korea, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 44: South Korea, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 45: Taiwan, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 46: Taiwan, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 47: Taiwan, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 48: South East Asia, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 49: South East Asia, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 50: South East Asia, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 51: Western Europe, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 52: Western Europe, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 53: Western Europe, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 54: UK, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 55: UK, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 56: UK, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 57: Germany, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 58: Germany, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 59: Germany, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 60: France, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 61: France, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 62: France, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 63: Italy, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 64: Italy, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 65: Italy, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 66: Spain, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 67: Spain, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 68: Spain, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 69: Eastern Europe, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 70: Eastern Europe, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 71: Eastern Europe, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 72: Russia, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 73: Russia, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 74: Russia, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 75: North America, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 76: North America, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 77: North America, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 78: USA, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 79: USA, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 80: USA, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 81: Canada, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 82: Canada, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 83: Canada, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 84: South America, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 85: South America, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 86: South America, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 87: Brazil, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 88: Brazil, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 89: Brazil, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 90: Middle East, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 91: Middle East, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 92: Middle East, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 93: Africa, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 94: Africa, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 95: Africa, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Table 96: Global Water Heaters Key Competitor Estimated Market Shares, 2024, Percentage (%)

Table 97: Global Water Heaters Market - Company Scoring Matrix

Table 98: A. O. Smith Corporation Financial Performance

Table 99: Rinnai Corporation Financial Performance

Table 100: Vaillant Group Financial Performance

Table 101: Ariston Thermo Group Financial Performance

Table 102: Rheem Manufacturing Company Financial Performance

Table 103: Global Water Heaters Market, Competitive Benchmarking (In USD Billions)

Table 104: Global Water Heaters Market, Competitive Dashboard

Table 105: Global Water Heaters Market Size Gain ($ Billion), 2025 – 2030 By Country

Table 106: Global, Water Heaters Market Size Gain ($ Billion), Segmentation By Product Type, 2025 – 2030

Table 107: Global, Water Heaters Market Size Gain ($ Billion), Segmentation By Distribution channel, 2025 – 2030

Table 108: Global, Water Heaters Market Size Gain ($ Billion), Segmentation By End User, 2025 – 2030

List Of Figures

Figure 1: Global Water Heaters Market, Overview Of Key Products - Product Examples

Figure 2: Global Water Heaters Market Attractiveness, Factor-Wise Evaluation

Figure 3: Global Water Heaters Market, Supply Chain Analysis

Figure 4: Global Water Heaters Market, Major Raw Material Providers

Figure 5: Global Water Heaters Market, Major Resource Providers

Figure 6: Global Water Heaters Market, Major Manufacturers (Suppliers)

Figure 7: Global Water Heaters Market, Major Distributors And Channel Partners

Figure 8: Global Water Heaters Market, Key Technologies & Future Trends

Figure 9: Global Water Heaters Market, Major Trends

Figure 10: Global Water Heaters Market, Major End Users

Figure 11: Global Water Heaters Market, PESTEL (Political, Economic, Social, Technology, Environmental and Legal) Analysis

Figure 12: Global Water Heaters Historic Market Growth, 2020-2025, $ Billion

Figure 13: Global Water Heaters Forecast Market Growth, 2025-2030F, 2035F, $ Billion

Figure 14: Global Water Heaters Market - TAM, US$ Billion, 2025

Figure 15: Global Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 16: Global Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 17: Global Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 18: Global Water Heaters Market, Sub-Segmentation Of Solar Heaters, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 19: Global Water Heaters Market, Sub-Segmentation Of Electric Heaters, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 20: Global Water Heaters Market, Sub-Segmentation Of Gas And Propane Heaters, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 21: Global Water Heaters Market, Sub-Segmentation Of Geothermal Heaters, By Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 22: Global Water Heaters Market, Split By Region, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 23: Global Water Heaters Market, Split By Country, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 24: Asia-Pacific, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 25: Asia-Pacific, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 26: Asia-Pacific, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 27: China, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 28: China, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 29: China, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 30: India, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 31: India, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 32: India, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 33: Japan, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 34: Japan, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 35: Japan, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 36: Australia, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 37: Australia, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 38: Australia, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 39: Indonesia, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 40: Indonesia, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 41: Indonesia, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 42: South Korea, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 43: South Korea, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 44: South Korea, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 45: Taiwan, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 46: Taiwan, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 47: Taiwan, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 48: South East Asia, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 49: South East Asia, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 50: South East Asia, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 51: Western Europe, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 52: Western Europe, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 53: Western Europe, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 54: UK, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 55: UK, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 56: UK, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 57: Germany, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 58: Germany, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 59: Germany, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 60: France, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 61: France, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 62: France, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 63: Italy, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 64: Italy, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 65: Italy, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 66: Spain, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 67: Spain, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 68: Spain, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 69: Eastern Europe, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 70: Eastern Europe, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 71: Eastern Europe, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 72: Russia, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 73: Russia, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 74: Russia, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 75: North America, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 76: North America, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 77: North America, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 78: USA, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 79: USA, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 80: USA, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 81: Canada, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 82: Canada, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 83: Canada, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 84: South America, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 85: South America, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 86: South America, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 87: Brazil, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 88: Brazil, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 89: Brazil, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 90: Middle East, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 91: Middle East, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 92: Middle East, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 93: Africa, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 94: Africa, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 95: Africa, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2020-2025, 2025-2030F, 2035F, $ Billion

Figure 96: Global Water Heaters Key Competitor Estimated Market Shares, 2024, Percentage (%)

Figure 97: Global Water Heaters Market - Company Scoring Matrix

Figure 98: A. O. Smith Corporation Financial Performance

Figure 99: Rinnai Corporation Financial Performance

Figure 100: Vaillant Group Financial Performance

Figure 101: Ariston Thermo Group Financial Performance

Figure 102: Rheem Manufacturing Company Financial Performance

Figure 103: Global Water Heaters Market, Competitive Benchmarking (In USD Billions)

Figure 104: Global Water Heaters Market, Competitive Dashboard

Figure 105: Global Water Heaters Market Size Gain ($ Billion), 2025 – 2030 By Country

Figure 106: Global, Water Heaters Market Size Gain ($ Billion), Segmentation By Product Type, 2025 – 2030

Figure 107: Global, Water Heaters Market Size Gain ($ Billion), Segmentation By Distribution channel, 2025 – 2030

Figure 108: Global, Water Heaters Market Size Gain ($ Billion), Segmentation By End User, 2025 – 2030

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Frequently Asked Questions

What is the projected market size of the Water Heaters Market Report 2026 market by 2030?

The Water Heaters Market Report 2026 market was valued at $67.29 billion in 2025, increased to $67.29 billion in 2026, and is projected to reach $97.53 billion by 2030. request a sample here

What is the expected CAGR for the Water Heaters Market Report 2026 market during the forecast period 2025 - 2030?

The expected CAGR for the Water Heaters Market Report 2026 market during the forecast period 2025–2030 is 7.9%. request a sample here

What are the key factors driving the Water Heaters Market Report 2026 market?

Major growth driver of the market includes: Urbanization-Driven Expansion Driving The Water Heaters Market in the Water Heaters Market Report 2026 market. For further insights on this market, request a sample here

Which end-use segment are covered in the Water Heaters Market Report 2026 market report?

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 Subsegments:
1) By Solar Heaters: Active Solar Water Heating Systems, Passive Solar Water Heating Systems, Solar Pool Heaters
2) By Electric Heaters: Tank Electric Water Heaters, Tankless Electric Water Heaters, Heat Pump Water Heaters
3) By Gas And Propane Heaters: Tank Gas Water Heaters, Tankless Gas Water Heaters, Condensing Gas Water Heaters
4) By Geothermal Heaters: Ground Source Heat Pumps, Water Source Heat Pumps, Direct Exchange Systems request a sample here

What is the anticipated growth trend for the Water Heaters Market Report 2026 market?

Major trend in this market includes: Integration Of Advanced Thermocline Technology Enhancing Energy Efficiency And Heating Performance For further insights on this market, request a sample here.

Who are the key players in the Water Heaters Market Report 2026 market?

Major companies operating in the Water Heaters Market Report 2026 market are Major companies operating in the water heaters market 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, Apen Group, State Industries, American Water Heaters, EcoSmart US, 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. request a sample here.

Which region has the most growth potential in the Water Heaters Market Report 2026 market?

Asia-Pacific was the largest region in the water heaters market in 2025. 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, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. request a sample here.