UK Water Heater Market Value Projected to Expand by 2025

The UK water heater market is expected to grow at a CAGR 5.7% during the forecast period. The market is growing significantly due to well-established industrial sector; UK is growing economically and technologically. Industrial production is coupled with the increasing demand for energy, and product trade. According to government of UK, a total of 125.8 million tons of oil equivalent energy was produced in 2017, which recorded 0.4% higher growth than 2016. Out of 125.8 million oil equivalent of produced energy, 51.0 million oil equivalents was contributed by oil followed by a total of 40.0 million oil equivalent by natural gas, and remaining by primary electricity, bioenergy and waste, and coal.

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Some of the major factors attributing to the water heater market in UK includes growing industrial sector, increasing demand for energy production, supportive government regulations. The enforcement of regulations by the government for renewable energy source is augmenting the demand for solar, gas, and hybrid water heaters for the sake of environment concern. In UK, demand for heaters is more as compared to the air conditioners due to cold environmental conditions.

The market is considerably affected due to enforcement of strict regulations by the government. Various harmful gases such as NO2, SO2 and others which is mostly produced by industrial sector are creating harmful environment concerns in the country and across the globe. Therefore, the demand for solar water heaters is propelling in UK. Additionally, industrial sector is one of the major end-users for water heaters due to widespread water heating applications in power plants in the country. Single or multiple water heaters are used in various energy-based industries in order to increase the efficiency of energy generation.

UK Water Heater Market Segmentation

By Energy Source

· Gas

· Electricity Water Heaters

· Hybrid Water Heaters

· Solar Water Heaters

By Mode of Water Supply

· On-Demand or Tankless Water Heaters

· Storage Or Tank Water Heaters

By End-User

· Residential

· Commercial

· Industrial

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Company Profiles

· A.O. Smith Corp.

· ACV UK

· Andrews Water Heaters

· Ariston Thermo UK

· Atlantic Boilers

· Baxi Heating UK Ltd

· Chromalox UK

· Kingspan Environmental

· MHG Heating

· Stokvis Energy Systems

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