The global electric water heater market size is projected to reach around US$ 22,000 Mn by 2027 and is anticipated to grow at a CAGR of around 5% in terms of revenue during the forecast period 2020 – 2027.
The heater is an electrical device with various purposes used to heat water. There are many kinds of water heaters, including electric poles, used in houses, solar heaters and storage. Energy performance, small design and water heaters are main features. The electric water heater has become more common for home use. In several industrial sectors water heaters are combined with solar and geothermal technologies. Any of the most common hot water heaters are dipping heaters, instant heaters, heaters, gas heaters, solar, pump heaters and others.
Market Insights
The rising global residential infrastructure helps electric heater players on the market to expand their respective portfolio of products to attract a wide variety of customers. The metropolitan community has a strong understanding of the advantages and deployment of electrical water heaters, which thus grows continuously and provides the electric water heaters market with revenue growth. In the near future, the market for electric water heaters will increase in the residential sector with the increasing migration from rural to urban areas in different countries. The urban displacement trend is therefore a primary impact trend during the forecast period for the electric heating industry.
Water heaters enable heat capacity to be maximized with allows of hot water storage tanks. Manufacturers offer heaters in different sizes according to customer specifications. The construction of heaters is less expensive, as they are easier to manage as restore than various water heaters. Storage heaters are likely to explode, and vendors focus frequently on water heating facilities. In addition, storage heaters need tank capacity; thus, the manufacturers depend on reducing storage heater measurements to minimize the room issue. The modern heaters used to store fuel oil and natural gas has gained significant popularity in recent years. Storage heaters are likely to explode, and vendors are focusing frequently on water heating facilities. In addition, storage heaters need tank capacity; thus, the manufacturers depend on reducing storage heater measurements to minimize the room issue. The modern heaters used to store fuel oil and natural gas have gained significant popularity in recent years.
Report coverage
The market research study on “Electric Water Heater Market (By Product: Instant, Storage; By Capacity: <30 Liters, 30-100 Liters, 100-250 Liters, 250-400 Liters, >400 Liters; By Application: Residential, Commercial (College/University, Offices, Government/Military, Others)) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers detailed insights on the global electric water heater market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report provides insights on global electric water heater market are product, capacity, application and major geographic regions. The electric water heater market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
High demand for storage and tankless water heater are the major factor likely to drive the growth of global electric water heater market at a steady CAGR. Asia Pacific has contributed the significant growth and also anticipated to dominate the global electric water heater market during forecast period. Asia Pacific market is followed by North America. China and India are expected to be major players in driving the market for electric water heater in the Asia Pacific region, with growing investments in infrastructure growth. The growing awareness of automatic temperature sensors, energy conservation and environmental protection in developing economies is expected to benefit tankless heaters in general. However, further government policies are needed to create new business development prospects in emerging countries to improve rural connectivity and to increase awareness of uninterrupted supply of electricity in those regions.
Key Players
Major players included in this report Bosch Thermotechnology, Haier Electronics, General Electric Appliances, Ariston Thermo, A.O. Smith, Racold, Bradford White, Rinnai Corporation, State Water Heaters, Rheem Manufacturing, Whirlpool Corporation, Vaillant Group, Havells India, Ferroli, Hubbell, Nihon Itomic, Watts Water Technologies, Viessmann Group, Stiebel Eltron, and others.
The global electric water heater market is segmented as below:
Market Segmentation
Electric Water Heater Market By Product
Electric Water Heater Market By Capacity
- <30 Liters
- 30-100 Liters
- 100-250 Liters
- 250-400 Liters
- >400 Liters
Electric Water Heater Market By Application
Residential
Commercial
- College/University
- Offices
- Government/Military
- Others
Electric Water Heater Market By Geography
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table Of Content:
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Electric Water Heater
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Electric Water Heater Market By Product
1.2.2.1. Global Electric Water Heater Market Revenue and Growth Rate Comparison By Product(2016-2027)
1.2.2.2. Global Electric Water Heater Market Revenue Share By Product in 2019
1.2.2.3. Instant
1.2.2.4. Storage
1.2.3. Electric Water Heater Market By Capacity
1.2.3.1. Global Electric Water Heater Market Revenue and Growth Rate Comparison By Capacity (2016-2027)
1.2.3.2. Global Electric Water Heater Market Revenue Share By Capacity in 2019
1.2.3.3. <30 Liters
1.2.3.4. 30-100 Liters
1.2.3.5. 100-250 Liters
1.2.3.6. 250-400 Liters
1.2.3.7. >400 Liters
1.2.4. Electric Water Heater Market By Application
1.2.4.1. Global Electric Water Heater Market Revenue and Growth Rate Comparison By Application(2016-2027)
1.2.4.2. Global Electric Water Heater Market Revenue Share By Application in 2019
1.2.4.3. Residential
1.2.4.4. Commercial
1.2.4.4.1. College/University
1.2.4.4.2. Offices
1.2.4.4.3. Government/Military
1.2.4.4.4. Others
1.2.5. Electric Water Heater Market By Geography
1.2.5.1. Global Electric Water Heater Market Revenue and Growth Rate Comparison by Geography (2016-2027)
1.2.5.2. North America Electric Water Heater Market Revenue and Growth Rate(2016-2027)
1.2.5.3. Europe Electric Water Heater Market Revenue and Growth Rate(2016-2027)
1.2.5.4. Asia-Pacific Electric Water Heater Market Revenue and Growth Rate(2016-2027)
1.2.5.5. Latin America Electric Water Heater Market Revenue and Growth Rate(2016-2027)
1.2.5.6. Middle East and Africa (MEA)Electric Water Heater Market Revenue and Growth Rate(2016-2027)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2019
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING ELECTRIC WATER HEATER ANALYSIS
3.1. Capacity and Commercial Production Date of Global Electric Water Heater Major Manufacturers in 2019
3.2. Manufacturing Plants Distribution of Global Electric Water Heater Major Manufacturers in 2019
3.3. R&D Status and Manufacturing End-User of Global Electric Water Heater Major Manufacturers in 2019
3.4. Raw Materials End-Users Analysis of Global Electric Water Heater Major Manufacturers in 2019
CHAPTER 4. ELECTRIC WATER HEATER MARKET BY PRODUCT
4.1. Global Electric Water Heater Revenue By Product
4.2. Instant
4.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.3. Storage
4.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 5. ELECTRIC WATER HEATER MARKET BY CAPACITY
5.1. Global Electric Water Heater Revenue By Capacity
5.2. <30 Liters
5.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.3. 30-100 Liters
5.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.4. 100-250 Liters
5.4.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.5. 250-400 Liters
5.5.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.6. >400 Liters
5.6.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.6.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 6. ELECTRIC WATER HEATER MARKET BY APPLICATION
6.1. Global Electric Water Heater Revenue By Application
6.2. Residential
6.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
6.3. Commercial
6.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
6.3.3. College/University
6.3.4. Offices
6.3.5. Government/Military
6.3.6. Others
CHAPTER 7. NORTH AMERICA ELECTRIC WATER HEATER MARKET BY COUNTRY
7.1. North America Electric Water Heater Market Revenue and Growth Rate, 2016 - 2027 ($Million)
7.2. North America Electric Water Heater Market Revenue Share Comparison, 2016 & 2027 (%)
7.3. U.S.
7.3.1. U.S. Electric Water Heater Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
7.3.2. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
7.3.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
7.4.2. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
7.4.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
CHAPTER 8. EUROPE SMART REFRIGERATOR MARKET BY COUNTRY
8.1. Europe Electric Water Heater Market Revenue and Growth Rate, 2016 - 2027 ($Million)
8.2. Europe Electric Water Heater Market Revenue Share Comparison, 2016 & 2027 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
8.3.2. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
8.3.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
8.4.2. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
8.4.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
8.5.2. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
8.5.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
8.6.2. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
8.6.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
8.7.2. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
8.7.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
CHAPTER 9. ASIA-PACIFIC ELECTRIC WATER HEATER MARKET BY COUNTRY
9.1. Asia-Pacific Electric Water Heater Market Revenue and Growth Rate, 2016 - 2027 ($Million)
9.2. Asia-Pacific Electric Water Heater Market Revenue Share Comparison, 2016 & 2027 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
9.3.2. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
9.3.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
9.4.2. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
9.4.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
9.5.2. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
9.5.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
9.6.2. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
9.6.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
9.7.2. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
9.7.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
9.8.2. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
9.8.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
CHAPTER 10. LATIN AMERICA ELECTRIC WATER HEATER MARKET BY COUNTRY
10.1. Latin America Electric Water Heater Market Revenue and Growth Rate, 2016 - 2027 ($Million)
10.2. Latin America Electric Water Heater Market Revenue Share Comparison, 2016 & 2027 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
10.3.2. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
10.3.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
10.4. Mexico
10.4.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
10.4.2. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
10.4.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
10.5.2. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
10.5.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
CHAPTER 11. MIDDLE EAST & AFRICA ELECTRIC WATER HEATER MARKET BY COUNTRY
11.1. Middle East & Africa Electric Water Heater Market Revenue and Growth Rate, 2016 - 2027 ($Million)
11.2. Middle East & Africa Electric Water Heater Market Revenue Share Comparison, 2016 & 2027 (%)
11.3. GCC
11.3.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
11.3.2. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
11.3.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
11.4. South Africa
11.4.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
11.4.2. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
11.4.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
11.5. Rest of Middle East & Africa
11.5.1. Market Revenue and Forecast By Product, 2016 - 2027 ($Million)
11.5.2. Market Revenue and Forecast By Capacity, 2016 - 2027 ($Million)
11.5.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
CHAPTER 12. COMPANY PROFILE
12.1. Bosch Thermotechnology
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Product Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. Haier Electronics
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Product Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. General Electric Appliances
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Product Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. Ariston Thermo
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Product Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. A.O. Smith
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Product Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. Racold
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Product Portfolio
12.6.5. Key Developments
12.6.6. Strategies
12.7. Bradford White
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Product Portfolio
12.7.5. Key Developments
12.7.6. Strategies
12.8. Rinnai Corporation
12.8.1. Company Snapshot
12.8.2. Overview
12.8.3. Financial Overview
12.8.4. Product Portfolio
12.8.5. Key Developments
12.8.6. Strategies
12.9. State Water Heaters
12.9.1. Company Snapshot
12.9.2. Overview
12.9.3. Financial Overview
12.9.4. Product Portfolio
12.9.5. Key Developments
12.9.6. Strategies
12.10. Rheem Manufacturing
12.10.1. Company Snapshot
12.10.2. Overview
12.10.3. Financial Overview
12.10.4. Product Portfolio
12.10.5. Key Developments
12.10.6. Strategies
12.11. Others
12.11.1. Company Snapshot
12.11.2. Overview
12.11.3. Financial Overview
12.11.4. Product Portfolio
12.11.5. Key Developments
12.11.6. Strategies
CHAPTER 13. RESEARCH APPROACH
13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope
![Electric Water Heater Market (By Product: Instant, Storage; By Capacity: <30 Liters, 30-100 Liters, 100-250 Liters, 250-400 Liters, >400 Liters; By Application: Residential, Commercial [College/University, Offices, Government/Military, Others]) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027](assets/images/format-png.png "Electric Water Heater Market (By Product: Instant, Storage; By Capacity: <30 Liters, 30-100 Liters, 100-250 Liters, 250-400 Liters, >400 Liters; By Application: Residential, Commercial [College/University, Offices, Government/Military, Others]) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027")
