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
Blockchain Distributed Ledger Technology (DLT) In The Financial Sector Market In …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Blockchain Distributed Ledger Technology (DLT) In The Financial Sector Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Driven by growing interest and investments in blockchain research from financial institutions, the acceptance of blockchain technology for international payment purposes, the application of distributed ledger technology in…
Future of the Bitumen Impregnated Fibreboard Market: Strategic Analysis and Fore …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Bitumen Impregnated Fibreboard Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for bitumen impregnated fibreboard has witnessed substantial growth lately. Projected to rise from $1.14 billion in 2024 to $1.22 billion in 2025, the market anticipates a compound annual growth rate (CAGR)…
Advancing Benefits Management Through AI Patra's New Digital Platform Industry T …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Benefits Management Services Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent years, the market size for benefits management services has witnessed accelerated growth. The market is projected to expand from $10.08 billion in 2024 to $11.16 billion in 2025, showing a compound annual…
Major Growth Driver Identified in 2025 Battery Operated Crown Staplers Market: G …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Battery Operated Crown Staplers Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of battery-operated crown staplers has experienced significant expansion in the past few years. Its valuation is projected to rise from $0.84 billion in 2024 to $0.92 billion in 2025, witnessing…
More Releases for Heaters
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…
Global Hydronic Unit Heaters Market Forecast 2018-2025 Trane, Hazloc Heaters, Be …
A detailed market study on "Global Hydronic Unit Heaters Market" examines the performance of the Hydronic Unit Heaters market. It encloses an in-depth Research of the Hydronic Unit Heaters market state and the competitive landscape globally. This report analyzes the potential of Hydronic Unit Heaters market in the present and the future prospects from various angles in detail.
The Global Hydronic Unit Heaters Market 2018 report includes Hydronic Unit Heaters market…
