Press release
Global Water Heaters Market: Insights into Future Trends, Key Players, and Growth Drivers for 2025-2034
Water Heaters Market
What Is The Projected Market Size Of The Global Water Heaters Market And Its Growth Rate?
• Water heaters market witnessed robust growth from $64.74 billion in 2024 to $70.48 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 8.9%.
• Growth factors include a rise in disposable income, high investments, adoption of the Internet of Things (IoT), and new product launches with advanced features.
• Projected to maintain strong momentum, the market is expected to reach $96.03 billion in 2029 at a CAGR of 8.0%.
What Is Driving The Growth In The Water Heaters Market?
Rapid urbanization is anticipated to drive the water heaters market in the coming years. As per the Independent Commission for Aid Impact (ICAI), by 2050, over two-thirds (approximately 67%) of the global population will live in urban areas. Additionally, World Bank data reveals that 56% of the world population or 4.4 billion inhabitants lived in urban areas in 2023, and this number is projected to more than double by 2050. The rise in urban population, disposable income, and increased affordability among city residents will fuel the demand for water heaters.
Request A Free Sample Copy: https://www.thebusinessresearchcompany.com/sample.aspx?id=2715&type=smp
Who Are the Key Players Driving Water Heaters Market Growth?
• A. O. Smith Corporation
• Rinnai Corporation
• Vaillant Group
• Ariston Thermo Group
• Rheem Manufacturing Company
• Viessmann Group
• Haier Smart Home Co., Ltd.
• Bradford White Corporation
• Robert Bosch GmbH
• Bajaj Electricals Ltd
What Are The Key Trends In The Water Heaters Market?
• Production of smart water heaters for energy conservation and efficiency enhancement.
• Technological advancements in hybrid water heaters or systems.
• Heavy investments in energy-efficient technologies in water heaters
• Fostering of associations with government bodies for renewable energy and decarbonization initiatives.
• Increased partnerships for technology investments to expand market presence.
What Are The Segments Of The Global Water Heaters Market?
• By Product Type: Solar Heaters, Electric Heaters, Gas and Propane Heaters, Geothermal Heaters.
• By Distribution Channel: Supermarket/Hypermarket, Specialty Stores, E-Commerce, Other Distribution Channels.
• By End User: Residential, Commercial, Industrial.
Which Region Leads The Water Heaters Market?
Asia-Pacific led the water heaters market in 2024, followed closely by Western Europe. The water heaters market covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Pre-book the Report for Swift Delivery: https://www.thebusinessresearchcompany.com/report/water-heaters-global-market-report
What Is Covered In The Water Heaters Market Global Market Report?
- Market Size Analysis: Analyze the Water Heaters Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Water Heaters Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Water Heaters Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Water Heaters Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report: https://www.thebusinessresearchcompany.com/customise?id=2715&type=smp
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Water Heaters Market: Insights into Future Trends, Key Players, and Growth Drivers for 2025-2034 here
News-ID: 3838627 • Views: …
More Releases from The Business Research Company
Comprehensive Insights Into The Global Electric Bikes And Scooters Market: Key G …
The electric bikes and scooters report outlines and analyzes the electric bikes and scooters (excluding e-mopeds or 2-wheelers) market, covering the historic period 2019-2024 and the forecast period 2024-2029 and 2034F. The study examines the market across all regions and major regional economies.
The global electric bikes and scooters (excluding e-mopeds or 2 wheelers) market was valued at approximately $43.09310 billion in 2024, reflecting a CAGR of 12.12% since 2019. The…
Geothermal Heat Pump Market Report 2025: Size, Trends, and Key Growth Insights f …
The geothermal heat pump report outlines and analyzes the geothermal heat pump market, covering 2019-2024 as the historic period and 2024-2029, 2034F as the forecast period. The report examines the market across every region and assesses major economies within each region.
The global geothermal heat pump market reached $4.40620 billion in 2024, increasing at a CAGR of 5.70% since 2019. The market is projected to grow from $4.40620 billion in 2024…
Major Growth Driver Identified in 2025 VFX In Advertising Market: The Rise Of So …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
VFX In Advertising Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Over the past several years, the market size of vfx in advertising has seen robust growth. It is expected to expand from $2.8 billion in 2024 to a staggering $3.03 billion in 2025, exhibiting…
Driving Web Content, Search Portals And Social Media Market Growth in 2025: The …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Web Content, Search Portals And Social Media Market Size Growth Forecast: What to Expect by 2025?
The market size for web content, search portals, and social media has seen quick expansion in the past few years. It's projected to expand from $682.14 billion in 2024 to $768.29 billion in…
More Releases for Heaters
Sustainable infrared heaters. IR heaters made from roof tiles or bricks
Is that even possible: sustainable electric heating?
This idea is likely to be on many people's minds. It is particularly positive to emphasize that comfortable warmth can be created with low material costs and minimal power consumption!
The developer and inventor of Gruftiearbeit.de demonstrated that sophisticated infrared heating technology can be improved even further in the form of an innovative roof tile heating system.
The heating fronts were built using old roof tiles.…
Electric Cast-In Heaters Market : Top Players -CETAL, Excel Heaters, Tempco, Ihn …
In the past few years, the Electric Cast-In Heaters market experienced a huge change under the influence of COVID-19 and Russia-Ukraine War, the global market size of Electric Cast-In Heaters reached the predicted milestone in 2022 with the rising CAGR from 2017-2022. Facing the complicated international situation, the future of the Electric Cast-In Heaters market is full of uncertain. Report predicts that the global Electric Cast-In Heaters market size will…
Global Hydronic Unit Heaters Market Research 2020 by - Reznor Heaters, Trane, Ai …
The Global Hydronic Unit Heaters Market analitical Study is introduced to get an essential knowledge of the global Hydronic Unit Heaters industry overview, historical data along with Size, Share, Growth, Demand, Revenue of the global Hydronic Unit Heaters industry and estimates the future trend of Hydronic Unit Heaters market on the basis of this detailed study. Various influential factors such as ever-changing market trends, dynamics, driving forces, advanced transport system,…
Global Immersion Heaters Market Share, Trends, Key Players:-Wattco, Watlow, Chro …
An up-to-date research report has been disclosed by Market Research Hub highlighting the title “Global Immersion Heaters Market Insights, Forecast to 2025” which provides an outlook for current market value as well as the expected growth of Immersion Heaters during 2018-2025. The report studies the casing heads market worldwide, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, size, growth, revenue, consumption, import and export in…
Global Drum Heaters Market Size, Market Share, Type(Hygienic Drum Heaters, Silic …
The global market status for Drum Heaters is precisely examined through a smart research report added to the broad database managed by Market Research Hub (MRH). This study is titled “Global Drum Heaters Market Insights, Forecast to 2025”, which tends to deliver in-depth knowledge associated to the Drum Heaters market for the present and forecasted period until 2025. Furthermore, the report examines the target market based on market size, revenue…
Whirlpool, Racold Profiled In Gas Water Heater Market Report Analysis On America …
Market Study Report recently introduced new title on “2017-2024 Global Gas Water Heater Market Report” from its database. The report provides study with in-depth overview, describing about the Product, Industry Scope and elaborates market outlook and status to 2024.
Growing demand for refurbishment of the conventional systems along with increasing demand for low emission heating units will foster the U.S. gas water heater market. Increasing investments towards development of customized products…
