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Water Heater Market size is expected to reach USD 41.54 Bn by 2030, at a CAGR of 4.82% as per Maximize Market Research.
Water Heater Market
Global 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%.
North America held the largest water heater market share in 2023. The United States spearheads this growth, closely trailed by Canada, together propelling market expansion.
In Canada, the water heater market is primarily fueled by the escalating demand for hot water across various industries, bolstered by the country's well-established industrial infrastructure.
The new regulations stipulated minimum efficiency limits based on the maximum flow rate of the product, with 0.86 UEF required for less than 6.4 L/min and 0.87 UEF for more than 6.4 L/min.
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In Europe, the water heater sector ranks as the second largest, steered by a growing appetite for hot water in domestic and commercial spheres. Leading the charge are powerhouse economies like Germany, England, and France.
Asia Pacific region is experiencing robust growth in the water heater market, fueled by rapid urbanization, burgeoning population, and rising disposable incomes. China, India, Japan, South Korea, and Southeast Asian nations emerge as pivotal players in driving market expansion.
Energy efficiency stands as a paramount driver propelling the water heater market's growth. With a global push towards sustainability and reducing carbon footprints, consumers are increasingly opting for energy-efficient water heating solutions.
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Global 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
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Global Water Heater Market Key Players include:
1. Heat Transfer Products Inc. (USA)
2. Bradford White Corp. (USA)
3. Rheem Manufacturing Co. (USA)
4. Noritz Corp. (Japan)
5. Rinnai Corp (Japan)
6. Crompton Greaves Ltd. (India)
7. Haier Water Heater Co. Ltd. (China)
8. Ariston Thermo SPA. (Italy)
9. Siemens AG (Germany)
10. Viessmann (Germany)
𝐅𝐨𝐫 𝐚 𝐝𝐞𝐞𝐩𝐞𝐫 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠, 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤: https://www.maximizemarketresearch.com/market-report/global-water-heater-market/22692/
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, Regional analysis, Segment Analysis, Competitive landscape
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
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Key questions answered in Global Water Heater Market are:
1] What is the growth rate of the Global Water Heater Market?
2] Which region is expected to dominate the Global Water Heater Market?
3] What is the expected Global Water Heater Market size by 2030?
4] Which are the top players in the Global Water Heater Market?
5] What are the factors driving the Global Water Heater Market growth?
6] Which country held the largest Global Water Heater Market share in 2023?
Maximize Market Research has also published reports related to Global Water Heater Market are:
• Tankless Water Heater Market size was valued at USD 4 Billion in 2023 and is expected to grow at a CAGR of 8.7% from 2024 to 2030, reaching nearly USD 7.17 Billion
https://www.maximizemarketresearch.com/market-report/tankless-water-heater-market/215733/
• Industrial Heaters Market was valued at US$ 1.88 Bn. in 2023 and it is expected to reach US$ 2.51 Bn. by 2030 at a CAGR of 4.2% during the forecast period.
https://www.maximizemarketresearch.com/market-report/global-industrial-heaters-market/101554/
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656
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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