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Water Heater Market size was valued at USD 29.88 Bn in 2023 and is expected to reach USD 41.54 Bn by 2030, at a CAGR of 4.82 %: Global Industry Analysis by Market Share, Trend, Size, Competitive Landscape, Regional Outlook and Forecast (2024-2030)
Water Heater Market
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Water Heater Market Scope:
Market Size in 2023 USD 29.88 Bn.
Market Size in 2030 USD 41.54 Bn.
CAGR 4.82 % (2024-2030)
Forecast Period 2024-2030
Base Year 2023
Number of Pages 252
No. of Tables 120
No. of Charts and Figures 115
Segment Covered by Product, Capacity, Technology, Application
Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage Market Share, Size & Forecast by Revenue | 2024-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.
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Water Heater Market Report Scope and Research Methodology:
The global Water Heater Market view remains positive, driven by population growth, urbanization, and growing environmental awareness, development innovation and sustainability in water heating solutions. Governments implement regulations for energy efficiency and safety standards. Data collection involves primary sources such as interviews with industry experts and secondary sources like market reports. Analysis includes understanding market size, trends, growth factors, and competition, using both quantitative tools and qualitative insights. The reports also forecast future trends and opportunities using statistical models, considering advancements in technology and regulatory influences.
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Water Heater Market Dynamics:
Energy efficiency stands as a dominant driver driving the water heater market's growth. A economy and general standard of living are significantly impacted by the development of efficient power generation technologies and sources. These innovations not only save energy but also significantly minor utility bills over time, making them attractive options for both residential and commercial applications. Governments and regulatory bodies worldwide are also incentivizing the adoption of energy-efficient water heaters through rebates and subsidies, which is predictable to drive market growth.
Water Heater Market Regional Insight:
North America led the water heater market in 2023, with the United States and Canada driving growth. The region's shift to energy-efficient and eco-friendly solutions, like prompt water heaters, is a major factor. Europe ranks second in market size, with countries like Germany, England, and France leading the way. The focus in Europe is on energy-efficient technologies, including heat pump and solar water heaters, to reduce carbon emissions.
In Asia-Pacific, rapid urbanization and rising incomes are driving strong market growth, especially in China, India, Japan, and South Korea. While electric storage heaters dominate, there's a growing demand for solar and heat pump water heaters, reflecting a shift towards sustainable options.
𝐅𝐨𝐫 𝐚 𝐝𝐞𝐞𝐩𝐞𝐫 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠, 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤: https://www.maximizemarketresearch.com/market-report/global-water-heater-market/22692/
Water Heater Market Segmentation:
by Product
• Gas
• Storage
• Solar
by Capacity
• Below 30 Liters
• 30 - 100 Liters
• 100 - 250 Liters
• 250 - 400 Liters
• Above 400 Liters
by Technology
• Tankless
• Storage
• Hybrid
by Application
• Commercial
• Residential
• Industrial
Leading Global Water Heater key industry:
North America
1. Heat Transfer Products Inc. (USA)
2. Bradford White Corp. (USA)
3. Rheem Manufacturing Co. (USA)
4. A. O. Smith Corp. (USA)
5. GE Co. (USA)
6. Alternate Energy Technologies (USA)
Asia Pacific
1. Noritz Corp. (Japan)
2. Rinnai Corp (Japan)
3. Crompton Greaves Ltd. (India)
4. Haier Water Heater Co. Ltd. (China)
5. Bajaj Electricals Ltd. (India)
6. Linuo Ritter (China)
7. Racold (India)
8. V Guard Industries (India)
9. Himin Solar Energy (China)
Europe
1. Ariston Thermo SPA. (Italy)
2. Siemens AG (Germany)
3. Viessmann (Germany)
4. Wagner Solar (Germany)
5. Bosch (Germany)
6. Chromagen (Israel)
7. Sun Tank (Turkey)
Key questions answered in the Water Heater Market are:
• What is Water Heater?
• What was the Water Heater Market size in 2023?
• What is the growth rate of the Water Heater Market?
• Which are the factors expected to drive the Water Heater Market growth?
• What are the different segments of the Water Heater Market?
• What are the factors restraining the growth of the Water Heater Market?
• What is the demand pattern of the Water Heater Market?
• What major challenges could the Water Heater Market face in the future?
• What segments are covered in the Water Heater Market?
• Who are the key players in the Water Heater Market?
• What are the upcoming industry applications and trends for the Water Heater Market?
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2023)
• Past Pricing and price curve by region (2018 to 2023)
• Market Size, Share, Size & Forecast by Different Segment | 2024-2030
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation - A detailed analysis of the Offerings, Vertical, Application and Region
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Recommendations
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Curling Irons Market size was valued at USD 2.88 Billion in 2023 and the total Curling Irons revenue is expected to grow at a CAGR of 6.8% from 2024 to 2030, reaching nearly USD 4.56 Billion in 2030.
Massage Chairs Market size was valued at USD 3.38 Billion in 2023 and is expected to grow at a CAGR of 5.5 percent from 2024 to 2030 to reach USD 4.92 Billion by 2030.
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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