Global Water Heater Market Size Estimates and Forecasts, by Energy Source (Gas and Electric), by Storage Type (Tank and Tankless/Instantaneous), by End-Use (Residential and Commercial) and by Region (North America, Europe, Asia Pacific and Rest of The World) 2017-2025 (USD Billion and Million Units)

Publisher Name: Bizwit Research & Consulting LLP
No. of Pages: 120-145
Publication Month:
Jun-18

Global water heater market valued approximately USD 34.7 billion in 2016 is expected to grow by CAGR 5.3% over the forecast period 2017-2025. Rising real estate development along with the increasing demand from commercial places are the major driving factors which are anticipated to fuel the market growth. Moreover, increasing demand for tankless water heaters in point of use applications is also likely to fuel the market growth over the forecast period.

Water heaters consume significant amount of electricity and hence manufacturers try to develop water heaters with higher efficiency. One of the newest development is hybrid heating technology, which can save up to 40% of electricity consumption. The global water heater market report is segmented upon energy source, storage type, end use and regions. Below mentioned is the brief description of each segment:

Energy Source:
 Electric
 Gas

Storage Type:
 Tank
 Tankless / Instantaneous

End-Use
 Commercial
 Residential

Regions:
 North America
o U.S.
o Canada
 Europe
o UK
o Germany
o France
 Asia Pacific
o China
o India
o Japan
 Latin America
o Brazil
o Mexico
 Rest of the World

In 2016, gas heaters accounted more than 53% of the total market share. These are energy efficient equipment with a higher level of safety in operation owing to which they have been significantly popular in the past few years. However, over the forecast period, electric heaters are likely to grow with the highest growth. This growth is attributed to the increasing technological development pertaining to heating elements coupled with the declining prices of electric water heaters.

In 2016, the industry is dominated by Asia Pacific followed by Europe and North America. This enormous growth in the Asian region is largely attributed to increasing population with higher disposable income coupled with growing real estate sector. Additionally, change in customer preference towards the superior quality of life is also anticipated to fuel the demand over the forecast period.

Some of the key players involved in the water heater industry are; A.O. Smith Corporation, Rheem Manufacturing Company, and Bradford White Corporation. These key players have a strong foothold in the industry due to their wide product offerings and geographical presence. The above-mentioned companies accounted more than 50% of the total market share in 2016. The industry is also experiencing new entrants such as Kenmore and Eemax which are exclusively designing smart tankless water heaters. Further, merger and acquisition is the key strategy adopted by key players, this has enabled them to gain competitive advantages and their hands on recent technological developments. Furthermore, it also helps to increase the sales presence in different regions and countries. For instance, A.O. Smith Corporation has acquired Ohio-based William R. Hague, Inc. this acquisition has helped A.O. Smith to get their access to water softening technology.

Chapter 1. Research Methodology
1.1. Research Process
1.1.1. Data Mining
1.1.2. Analysis
1.1.3. Market Estimation
1.1.4. Validation
1.1.5. Publishing
1.2. Research Assumption
Chapter 2. Global Water Heater Market Definition & Scope
2.1. Objective of The Study
2.2. Market Definition
2.3. Scope of The Study
2.4. Years Considered for The Study
2.5. Currency Conversion Rates
2.6. Report Limitation
Chapter 3. Executive Summary
3.1. Key Trends
3.2. Global & Segmental Market Estimates & Forecasts, 2015-2025 (USD Billion/Million, Million Units)
Chapter 4. Global Water Heater Industry Dynamics
4.1. Growth Prospects
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.2. Industry Analysis
4.2.1. Porter’s 5 Force Model
4.2.2. PEST Analysis
4.2.3. Value Chain Analysis
4.3. Analyst Recommendation & Conclusion
Chapter 5. Global Water Heater Market by Energy Source
5.1. Market Snapshot
5.2. Water Heater Market, Sub Segment Analysis
5.2.1. Gas
5.2.1.1. Market estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
5.2.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
5.2.2. Electric
5.2.2.1. Market estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
5.2.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
Chapter 6. Global Water Heater Market by Storage Type
6.1. Market Snapshot
6.2. Water Heater Market, Sub Segment Analysis
6.2.1. Tank
6.2.1.1. Market estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
6.2.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
6.2.2. Tankless / instantaneous
6.2.2.1. Market estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
6.2.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
Chapter 7. Global Water Heater Market by End-Use
7.1. Market Snapshot
7.2. Water Heater Market, Sub Segment Analysis
7.2.1. Residential
7.2.1.1. Market estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
7.2.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
7.2.2. Commercial
7.2.2.1. Market estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
7.2.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
Chapter 8. Global Water Heater Market, Regional Analysis
8.1. Water Heater Market, Regional Market Snapshot (2015-2025)
8.2. North America Water Heater Market Snapshot
8.2.1. U.S. Water Heater Market Size Estimates & Forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.2.1.1. Market estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.2.1.2. Energy Source breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.2.1.3. Storage Type breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.2.1.4. End-Use breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.2.2. Canada Water Heater Market Size Estimates & Forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.2.2.1. Market estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.2.2.2. Energy Source breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.2.2.3. Storage Type breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.2.2.4. End-Use breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.3. Europe Water Heater Market Snapshot
8.3.1. U.K. Water Heater Market Size Estimates & Forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.3.1.2. Energy Source breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.3.1.3. Storage Type breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.3.1.4. End-Use breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.3.2. Germany Water Heater Market Size Estimates & Forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.3.2.2. Energy Source breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.3.2.3. Storage Type breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.3.2.4. End-Use breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.3.3. France Water Heater Market Size Estimates & Forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.3.3.1. Market estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.3.3.2. Energy Source breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.3.3.3. Storage Type breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.3.3.4. End-Use breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.3.4. Rest of Europe Water Heater Market Size Estimates & Forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.3.4.1. Market estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.3.4.2. Energy Source breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.3.4.3. Storage Type breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.3.4.4. End-Use breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.4. Asia Water Heater Market Snapshot
8.4.1. China Water Heater Market Size Estimates & Forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.4.1.1. Market estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.4.1.2. Energy Source breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.4.1.3. Storage Type breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.4.1.4. End-Use breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.4.2. India Water Heater Market Size Estimates & Forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.4.2.1. Market estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.4.2.2. Energy Source breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.4.2.3. Storage Type breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.4.2.4. End-Use breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.4.3. Japan Water Heater Market Size Estimates & Forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.4.3.1. Market estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.4.3.2. Energy Source breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.4.3.3. Storage Type breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.4.3.4. End-Use breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.4.4. Rest of Asia Pacific Water Heater Market Size Estimates & Forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.4.4.1. Market estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.4.4.2. Energy Source breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.4.4.3. Storage Type breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.4.4.4. End-Use breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.5. Latin America
8.5.1. Brazil Water Heater Market Size Estimates & Forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.5.1.1. Market estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.5.1.2. Energy Source breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.5.1.3. Storage Type breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.5.1.4. End-Use breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.5.2. Mexico Water Heater Market Size Estimates & Forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.5.2.1. Market estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.5.2.2. Energy Source breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.5.2.3. Storage Type breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.5.2.4. End-Use breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.6. Rest of The World Water Heater Market Snapshot
8.6.1.1. Market estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.6.1.2. Energy Source breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.6.1.3. Storage Type breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
8.6.1.4. End-Use breakdown estimates & forecasts, 2015-2025 (USD Billion/Million, Million Units)
Chapter 9. Competitive Intelligence
9.1. Company Market Share (Subject to Data Availability)
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. A.O. Smith Corporation
9.3.1.1. Overview
9.3.1.2. Financial (Subject to Data Availability)
9.3.1.3. Product Summary
9.3.1.4. Recent Developments
9.3.2. American water heater
9.3.3. Ariston Thermo SpA
9.3.4. Haier Group
9.3.5. Havells India Ltd.
9.3.6. Kenmore
9.3.7. Rheem Manufacturing
9.3.8. HTP, Inc.
9.3.9. Whirlpool
9.3.10. Eemax water heaters

Please note that currency denotation (USD Billion/Million) is provided on the basis of preliminary study, this may change in the final deliverables. Further, shipment values are subject to data availability.
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