European Water Heater Market to see Huge Growth by 2025

European water heater market is anticipated to grow at a CAGR 5.4% during the forecast period. European water heater market growth depends on the widespread application of the water heaters in residential and commercial sector. European industrial sector constitutes huge number of industries of various segments including manufacturing, food & beverages, energy, pharmaceutical which are considered as potential end-users for the water heaters. Moreover, European countries require ample amount of water heating facilities in order to meet the required environmental conditions due to extreme cold conditions.

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According to EurobservÉR, total sale of appliances in heating and cooling sector technologies had increased by 20% from 2,212,898 units in 2014 to 2,655,331 units in 2015 in European Union. The increase is due to the growth in installations of water heating equipment in both residential and commercial segment in various European countries. In residential sector, water heating is required for residential buildings, gas storage, and others which are generating substantial demand; while in commercial sector, heating is required in various commercial buildings such as shopping malls, retail shops, supermarkets, hotels and others. However, due to governmental policies in European Union, shift is observed towards modern water heaters based on renewable resources such as gas, wind, hybrid, and solar.

European 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

Regional Analysis

· European

· UK

· Germany

· Italy

· Spain

· France

Rest of Europe

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Company Profiles

· A.O. Smith Corp.

· Ariston Thermo SPA

· Atmos Energy Corp.

· Bajaj Electricals, Ltd.

· Bandini Scaldabagni SPA

· General Electric Co.

· Haier Group Corp.

· NUOVA IMAS Srl

· Rheem Manufacturing Co. Inc.

· Robert Bosch GmbH

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