Press release
Water Heater Market size is expected to reach USD 41.54 Bn by 2030, as per Maximize Market research
Water Heater Market
Water Heater Market Overview
The market for water heaters includes the manufacturing and distribution of equipment intended to heat water for home, business, and industrial uses. These devices are crucial for everyday tasks like bathing, cooking, cleaning, and heating spaces.
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There is an increasing focus on creating energy-efficient heating systems to lessen energy use and environmental effects. This movement is promoting the use of sophisticated water heating technologies. Innovations like tankless water heaters, heat pump systems, and smart water heaters are improving user ease and operational effectiveness, boosting market expansion. The swift growth of cities and the development of infrastructure, especially in developing countries, are boosting the need for water heating options in both residential and commercial areas.
Sophisticated water heating systems, particularly solar and hybrid types, often come with elevated initial expenses that might discourage certain buyers. Producers are required to follow strict energy efficiency guidelines and environmental laws, which may affect their manufacturing processes and expenses.
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The incorporation of IoT technology enables remote oversight and management, providing improved user comfort and energy efficiency. The advancement of water heaters that work with renewable energy sources like solar and geothermal offers chances for sustainable development.
North American market is propelled by the need to replace old infrastructure and an emphasis on energy-efficient devices. The Asia-Pacific region is anticipated to experience substantial growth owing to swift urbanization, rising disposable incomes, and governmental efforts to enhance energy efficiency.
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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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Water Heater Market Key Players
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
7. Noritz Corp. (Japan)
8. Rinnai Corp (Japan)
9. Crompton Greaves Ltd. (India)
10. Haier Water Heater Co. Ltd. (China)
11. Bajaj Electricals Ltd. (India)
12. Linuo Ritter (China)
13. Racold (India)
14. V Guard Industries (India)
15. Himin Solar Energy (China)
Europe
16. Ariston Thermo SPA. (Italy)
17. Siemens AG (Germany)
18. Viessmann (Germany)
19. Wagner Solar (Germany)
20. Bosch (Germany)
21. Chromagen (Israel)
22. Sun Tank (Turkey)
Key questions answered in the Water Heater Market are:
• What segments are covered in the Global Market report?
• Which region is expected to hold the highest share in the Global Market?
• What is the market size of the Global Market by 2030?
• What is the forecast period for the Global Market?
Key Offerings:
• Past Water Heater Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• 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 by segment with their sub-segments and Region
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
o § Competitive landscape -Market Leaders, Market Followers, Regional player
o § Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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About Maximize
Maximize Market Research is a global market research and consulting company that provides businesses with insights to foster their growth and competitive advantage. The company specializes in delivering actionable and data-driven research reports tailored to help organizations make informed decisions. With a team of experienced analysts and consultants, Maximize Market Research offers expertise across multiple industries, including healthcare, technology, manufacturing, consumer goods, and more.
Their services cover market sizing, forecasting, competitive analysis, and customer insights, helping clients to address their strategic needs and identify emerging trends. The company emphasizes client success, offering detailed analysis and recommendations that support business transformation and operational excellence.
Maximize Market Research also provides custom research services, allowing businesses to get solutions specific to their market challenges. With a strong global presence, the company serves clients from various sectors, ensuring they stay ahead in a rapidly evolving market landscape.
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