The water heater market size was valued at USD 30.65 Billion in 2024 and is expected to reach USD 44.10 Billion by 2032, growing at a CAGR of 4.70% over the forecast period of 2025-2032.
The water heater market is growing at a rapid pace due to the rising demand for energy-efficient and space-saving systems. Moreover, advanced technologies, including AI-enabled smart water heaters, and IoT-based control systems for continuous monitoring and predictive maintenance, are also expected to gain traction in the market. Fortification for better Conductivity and Output and increasing preference for hybrid water heaters for residential and commercial sectors is another factor expected to propel the growth of the market over the forecast period. The increase in importance of sustainable solutions that promote eco-friendliness has led to new opportunities and to the expansion of market footprint globally.
“In November 2024, Wondrwall introduces AI-controlled heat pump from revolutionary smart, energy-efficient water heater market segments. This innovation could save homeowners money while also being more sustainable.”
The U.S. water heater market size was valued at USD 7.72 Billion in 2024 and is expected to reach USD 7.08 Billion by 2032, growing at a CAGR of 5.68% over the forecast period of 2025-2032.
The U.S. water heater market is projected to grow substantially on account of growing inclination toward smart, energy-efficient systems. Due to the new energy regulations and sustainability, manufacturers are upgrading with better features. Replacement demand, increased consumer awareness also contribute to the positive growth of the market across residential and commercial applications.
Drivers:
Rising Popularity of Smart and Connected Water Heaters Enhances User Convenience and Energy Savings
Demand in the water heater market is driven by the emergence of smart and connected water heaters. Modern systems integrate IoT and AI-based technologies to enable mobile app functionality and home smart systems that allow remote monitoring, control, and predictive maintenance. It ensures energy efficient, more convenient, and cost-effective for users. This market is being aided by increasing interest in home automation and the required heating methods that are both energy efficient and provide comfort for human occupancy. Manufacturers are tapping into this by providing advanced features leading to growth in residential and commercial sectors.
“For instance, In May 2022, Rinnai Public Relations Newly Available RE Series Tankless Water Heaters Feature Built-In Smart-Circ Intelligent RecirculationRinnai also establishes the first U.S. built tankless water heater, answering consumer demand for energy efficiency and reliability”
Growing Demand for Eco-Friendly Products in Various Industries Boosts the Water Heater Market Growth
An increasing number of businesses and households are choosing water heaters with the use of renewables, like solar or heat pump technology. Such options cut down on carbon footprints and come with a high degree of energy savings in the long run. This transition is also being driven by regulatory support and green building initiatives. As a result, manufacturers are coming up with a variety of eco-friendly water heater options, thus creating competition, and innovation in the segment and further propelling the growth of the industry.
Restraints:
High Initial Costs and Installation Challenges Pose Restraints for Water Heater Market Expansion
Modern water heaters require a lot of benefits, but their high initial cost and complex installation are expected to hinder the market growth. Smart and energy-responsive water heaters will likely still demand high large for an investment, which can turn off residential and small business users. Furthermore, installation of these systems, especially solar and heat pump types, can be labor and skills intensive. In addition, due to the adoption of secure currency being a relatively new concept, it becomes difficult for several sectors, specifically emerging economies, to accept it, thereby restricting the overall market growth in some parts.
By Product
In 2024, the electric segment led the water heater market, with a revenue share of approximately 51%. This prevalence is due to the availability of electricity infrastructure and increasing adoption of energy efficient appliances in residential and commercial applications. Among the greatest benefits of electric water heaters are simple installation, lower maintenance costs and high-quality reliability, making it the most practical option of all time by the consumers as well. With increasing demand for smart electric water heaters with programmability and remote control capability, this segment is further gaining traction globally.
Gas segment is projected to exhibit remarkable CAGR of approximately 4.81%. The growth is attributed to the rising deployment of gas-based water heating similar systems, particularly in gas-rich regions with low energy prices. Gas water heaters are faster to heat, cost-effective, and efficient. In addition to this, factors such as rising focus on electricity saving and maintaining government policies and regulations are also helping the growth of gas water heaters in residential and commercial applications.
By Technology
In 2024, storage tank segment accounted for the largest revenue share for water heater market. The primary cause of this supremacy is the faithfulness and ease of use of storage tank water heaters have always been the common option for decades. That makes these systems ideal for a busy home where a steady flow of hot water is needed. They are fairly inexpensive and require relatively little maintenance, and they have become extremely popular, especially in residential applications, where endless hot water is a high priority.
Over the forecast period of 2025-2032, the hybrid segment is anticipated to witness the fastest CAGR growth. The growth is driven by the growing acceptance of advanced hybrid water heating systems that utilize an effective heat pump technology combined with traditional heating. Compared to your average traditional model, hybrid water heaters save both energy and operating costs. The increasing focus on the environment and preference for low-carbon choices are also playing important roles in the growth of hybrid water heaters, which are the fastest-growing type of water heater on the market.
By Application
In 2024, the largest share of revenue in the water heater market was held by the residential segment. This is because the water heating solution is one of the most required household needs for an easy and comfortable life. Increasing urbanization and disposable incomes, and a rising emphasis on home energy efficiency, are expected to drive residential adoption of water heaters at a relatively high level. Availability a wide variety of water heater options and technologies solid the segment hold on market.
During the forecast period 2025-2032, industrial segment is also expected to have largest CAGR. The increasing demand for hot water in several industrial applications including manufacturing, food processing, and chemical industries is driving the growth of this segment. Industrial water heaters are vital to enhance operational efficiency and achieve consistent production results. As various industries become more determined to minimize energy use and apply green measures, the demand for smarter water heating products is spurred, making the industrial segment the fastest-growing sector of the market.
By Capacity
30 – 100 liters segment held lucrative revenue share in the water heater market. This category is a range of prices between capacity and efficiency that is favored by small to medium sized homes and light commercial application. These types of water heaters are perfect for the average household, as they provide plenty of hot water for your daily needs without billing up unnecessary energy costs. Moreover, the availability of good options and competitive pricing has supported this segment's leadership in the market.
The below 30 liters segment is predicted to develop at a substantial CAGR. This growth is due to an increasing adoption of smaller units to be used in kitchens, bathrooms and mobile homes because of their compact size and energy efficiency. These units are convenient for urban and space-limited dwelling, heating low volumes of hot water very quickly. Increasing acceptance of portable/point-of-use water heaters in the emerging economies is also an important factor contributing toward the growth of the segment.
In 2024, the Water Heater Market revenue in Asia-Pacific accounted for the largest share at 35.49%. The supremacy of this region is determined by its population base, fast urbanization and the high per capital or disposable incomes are further increasing the demand for hot water solutions in residential and commercial sectors. Furthermore, the increase in thriving population in addition to the growth of the construction sector and government initiatives to promote energy efficiency has stimulated the demand for modern water heaters for the sake of water heating needs in the region of Asia-Pacific. It also leads its competitors from the price front as well due to the presence of key market players and the price of heating pads as well.
North America is forecasted to register approximately 6.01% CAGR. Driving this growth are the increasing number of energy efficiency-centric initiatives coupled with eco-friendly water heater solutions and the rising demand for smart home adoption. Also, the constant replacement demand for old infrastructure and rapid adoption of efficient hybrid and tankless water heaters drive the market growth in North America.
The European water heater market is projected to grow at a steady CAGR during the forecast period. Germany is the strongest market thanks to its continued emphasis on sustainability and growing energy efficiency focus. Their mixer models released in the not-so-distant past also include novel hybrid water heaters that provide optimum performance at lower carbon footprints.
The major players operating in the market are A.O. Smith, Robert Bosch LLC, Ariston Thermo SpA, Rheem Manufacturing Company, Rinnai Corporation, Bradford White Corporation, NORITZ Corporation, Whirlpool Corporation, Westinghouse Electric Corporation, and Bajaj Electricals Ltd.
October 2024 - Noritz Corporation unveiled its new condensing gas water heater, the N-3020DVC, featuring advanced heat exchanger technology and eco-friendly performance, expanding its product lineup for global residential and commercial applications.
March 2025 - Nexol Photovolthermic launched an innovative PV water heater combining solar photovoltaic and thermal tech, enhancing energy efficiency and reducing costs in the water heater market.
| Report Attributes | Details |
|---|---|
| Market Size in 2024 | USD 30.65 Billion |
| Market Size by 2032 | USD 44.10 Billion |
| CAGR | CAGR of 4.70% From 2025 to 2032 |
| Base Year | 2024 |
| Forecast Period | 2025-2032 |
| Historical Data | 2021-2023 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product (Electric, Solar, Gas) • By Technology (Tankless, Storage Tank, Hybrid) • By Application (Residential, Commercial, Industrial) • By Capacity (Below 30 Liters, 30 - 100 Liters, 100 - 250 Liters, 250 - 400 Liters, Above 400 Liters) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, Poland, Turkey, Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | A.O. Smith, Robert Bosch LLC, Ariston Thermo SpA, Rheem Manufacturing Company, Rinnai Corporation, Bradford White Corporation, NORITZ Corporation, Whirlpool Corporation, Westinghouse Electric Corporation, Bajaj Electricals Ltd |
Ans: The water heater market is expected to grow at a CAGR of 4.70% from 2024-2032.
Ans: The water heater market size was USD 30.65 Billion in 2024 and is expected to reach USD 44.10 Billion by 2032.
Ans: The major growth factor of the water heater market is the increasing demand for energy-efficient and eco-friendly water heating solutions across residential and commercial sectors.
Ans: The Electric segment dominated the water heater market.
Ans: Asia-Pacific dominated the water heater market in 2024.
Table Of Content
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Manufacturing Output, by Region (2021–2024)
5.2 Technological Adoption Rates, by Region
5.3 Export/Import Data, by Region (2024)
5.4 Installation Rates, by Application (2021–2024)
6. Competitive Landscape
6.1 List of Major Companies By Region
6.2 Market Share Analysis By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Water Heater Market Segmentation By Product
7.1 Chapter Overview
7.2 Electric
7.2.1 Electric Market Trends Analysis (2021-2032)
7.2.2 Electric Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Solar
7.3.1 Solar Market Trends Analysis (2021-2032)
7.3.2 Solar Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Gas
7.4.1 Gas Market Trends Analysis (2021-2032)
7.4.2 Gas Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Water Heater Market Segmentation By Technology
8.1 Chapter Overview
8.2 Tankless
8.2.1 Tankless Market Trends Analysis (2021-2032)
8.2.2 Tankless Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Storage Tank
8.3.1 Storage Tank Market Trends Analysis (2021-2032)
8.3.2 Storage Tank Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Hybrid
8.4.1 Hybrid Market Trends Analysis (2021-2032)
8.4.2 Hybrid Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Water Heater Market Segmentation By Application
9.1 Chapter Overview
9.2 Residential
9.2.1 Residential Market Trends Analysis (2021-2032)
9.2.2 Residential Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Commercial
9.3.1 Commercial Market Trends Analysis (2021-2032)
9.3.2 Commercial Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Industrial
9.4.1 Industrial Market Trends Analysis (2021-2032)
9.4.2 Industrial Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Water Heater Market Segmentation By Capacity
10.1 Chapter Overview
10.2 Below 30 Liters
10.2.1 Below 30 Liters Market Trends Analysis (2021-2032)
10.2.2 Below 30 Liters Market Size Estimates and Forecasts to 2032 (USD Billion)
10.3 30 - 100 Liters
10.3.1 30 - 100 Liters Market Trend Analysis (2021-2032)
10.3.2 30 - 100 Liters Market Size Estimates and Forecasts to 2032 (USD Billion)
10.4 100 - 250 Liters
10.4.1 100 - 250 Liters Market Trends Analysis (2021-2032)
10.4.2 100 - 250 Liters Market Size Estimates and Forecasts to 2032 (USD Billion)
10.5 250 - 400 Liters
10.5.1 250 - 400 Liters Market Trends Analysis (2021-2032)
10.5.2 250 - 400 Liters Market Size Estimates and Forecasts to 2032 (USD Billion)
10.6 Above 400 Liters
10.6.1 Above 400 Liters Market Trends Analysis (2021-2032)
10.6.2 Above 400 Liters Market Size Estimates and Forecasts to 2032 (USD Billion)
11. Regional Analysis
11.1 Chapter Overview
11.2 North America
11.2.1 Trend Analysis
11.2.2 North America Water Heater Market Estimates and Forecasts by Country (2021-2032) (USD Billion)
11.2.3 North America Water Heater Market Estimates and Forecasts By Product (2021-2032) (USD Billion)
11.2.4 North America Water Heater Market Estimates and Forecasts By Technology (2021-2032) (USD Billion)
11.2.5 North America Water Heater Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.2.6 North America Water Heater Market Estimates and Forecasts By Capacity (2021-2032) (USD Billion)
11.2.7 USA
11.2.7.1 USA Water Heater Market Estimates and Forecasts By Product (2021-2032) (USD Billion)
11.2.7.2 USA Water Heater Market Estimates and Forecasts By Technology (2021-2032) (USD Billion)
11.2.7.3 USA Water Heater Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.2.7.4 USA Water Heater Market Estimates and Forecasts By Capacity (2021-2032) (USD Billion)
11.2.8 Canada
11.2.8.1 Canada Water Heater Market Estimates and Forecasts By Product (2021-2032) (USD Billion)
11.2.8.2 Canada Water Heater Market Estimates and Forecasts By Technology (2021-2032) (USD Billion)
11.2.8.3 Canada Water Heater Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.2.8.4 Canada Water Heater Market Estimates and Forecasts By Capacity (2021-2032) (USD Billion)
11.2.9 Mexico
11.2.9.1 Mexico Water Heater Market Estimates and Forecasts By Product (2021-2032) (USD Billion)
11.2.9.2 Mexico Water Heater Market Estimates and Forecasts By Technology (2021-2032) (USD Billion)
11.2.9.3 Mexico Water Heater Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.2.9.4 Mexico Water Heater Market Estimates and Forecasts By Capacity (2021-2032) (USD Billion)
11.3 Europe
11.3.1 Trend Analysis
11.3.2 Europe Water Heater Market Estimates and Forecasts by Country (2021-2032) (USD Billion)
11.3.3 Europe Water Heater Market Estimates and Forecasts By Product (2021-2032) (USD Billion)
11.3.4 Europe Water Heater Market Estimates and Forecasts By Technology (2021-2032) (USD Billion)
11.3.5 Europe Water Heater Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.3.6 Europe Water Heater Market Estimates and Forecasts By Capacity (2021-2032) (USD Billion)
11.3.7 Germany
11.3.7.1 Germany Water Heater Market Estimates and Forecasts By Product (2021-2032) (USD Billion)
11.3.7.2 Germany Water Heater Market Estimates and Forecasts By Technology (2021-2032) (USD Billion)
11.3.7.3 Germany Water Heater Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.3.7.4 Germany Water Heater Market Estimates and Forecasts By Capacity (2021-2032) (USD Billion)
11.3.8 France
11.3.8.1 France Water Heater Market Estimates and Forecasts By Product (2021-2032) (USD Billion)
11.3.8.2 France Water Heater Market Estimates and Forecasts By Technology (2021-2032) (USD Billion)
11.3.8.3 France Water Heater Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.3.8.4 France Water Heater Market Estimates and Forecasts By Capacity (2021-2032) (USD Billion)
11.3.9 UK
11.3.9.1 UK Water Heater Market Estimates and Forecasts By Product (2021-2032) (USD Billion)
11.3.9.2 UK Water Heater Market Estimates and Forecasts By Technology (2021-2032) (USD Billion)
11.3.9.3 UK Water Heater Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.3.9.4 UK Water Heater Market Estimates and Forecasts By Capacity (2021-2032) (USD Billion)
11.3.10 Italy
11.3.10.1 ItalyWater Heater Market Estimates and Forecasts By Product (2021-2032) (USD Billion)
11.3.10.2 Italy Water Heater Market Estimates and Forecasts By Technology (2021-2032) (USD Billion)
11.3.10.3 Italy Water Heater Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.3.10.4 Italy Water Heater Market Estimates and Forecasts By Capacity (2021-2032) (USD Billion)
11.3.11 Spain
11.3.11.1 Spain Water Heater Market Estimates and Forecasts By Product (2021-2032) (USD Billion)
11.3.11.2 Spain Water Heater Market Estimates and Forecasts By Technology (2021-2032) (USD Billion)
11.3.11.3 Spain Water Heater Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.3.11.4 Spain Water Heater Market Estimates and Forecasts By Capacity (2021-2032) (USD Billion)
11.3.12 Poland
11.3.12.1 Poland Water Heater Market Estimates and Forecasts By Product (2021-2032) (USD Billion)
11.3.12.2 Poland Water Heater Market Estimates and Forecasts By Technology (2021-2032) (USD Billion)
11.3.12.3 Poland Water Heater Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.3.12.4 Poland Water Heater Market Estimates and Forecasts By Capacity (2021-2032) (USD Billion)
11.3.13 Turkey
11.3.13.1 Turkey Water Heater Market Estimates and Forecasts By Product (2021-2032) (USD Billion)
11.3.13.2 Turkey Water Heater Market Estimates and Forecasts By Technology (2021-2032) (USD Billion)
11.3.13.3 Turkey Water Heater Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.3.13.4 Turkey Water Heater Market Estimates and Forecasts By Capacity (2021-2032) (USD Billion)
11.3.14 Rest of Europe
11.3.14.1 Rest of Europe Water Heater Market Estimates and Forecasts By Product (2021-2032) (USD Billion)
11.3.14.2 Rest of Europe Water Heater Market Estimates and Forecasts By Technology (2021-2032) (USD Billion)
11.3.14.3 Rest of Europe Water Heater Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.3.14.4 Rest of Europe Water Heater Market Estimates and Forecasts By Capacity (2021-2032) (USD Billion)
11.4 Asia Pacific
11.4.1 Trend Analysis
11.4.2 Asia Pacific Water Heater Market Estimates and Forecasts by Country (2021-2032) (USD Billion)
11.4.3 Asia Pacific Water Heater Market Estimates and Forecasts By Product (2021-2032) (USD Billion)
11.4.4 Asia Pacific Water Heater Market Estimates and Forecasts By Technology (2021-2032) (USD Billion)
11.4.5 Asia Pacific Water Heater Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.4.6 Asia Pacific Water Heater Market Estimates and Forecasts By Capacity (2021-2032) (USD Billion)
11.4.7 China
11.4.7.1 China Water Heater Market Estimates and Forecasts By Product (2021-2032) (USD Billion)
11.4.7.2 China Water Heater Market Estimates and Forecasts By Technology (2021-2032) (USD Billion)
11.4.7.3 China Water Heater Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.4.7.4 China Water Heater Market Estimates and Forecasts By Capacity (2021-2032) (USD Billion)
11.4.8 India
11.4.8.1 India Water Heater Market Estimates and Forecasts By Product (2021-2032) (USD Billion)
11.4.8.2 India Water Heater Market Estimates and Forecasts By Technology (2021-2032) (USD Billion)
11.4.8.3 India Water Heater Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.4.8.4 India Water Heater Market Estimates and Forecasts By Capacity (2021-2032) (USD Billion)
11.4.9 Japan
11.4.9.1 Japan Water Heater Market Estimates and Forecasts By Product (2021-2032) (USD Billion)
11.4.9.2 Japan Water Heater Market Estimates and Forecasts By Technology (2021-2032) (USD Billion)
11.4.9.3 Japan Water Heater Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.4.9.4 Japan Water Heater Market Estimates and Forecasts By Capacity (2021-2032) (USD Billion)
11.4.10 South Korea
11.4.10.1 South Korea Water Heater Market Estimates and Forecasts By Product (2021-2032) (USD Billion)
11.4.10.2 South Korea Water Heater Market Estimates and Forecasts By Technology (2021-2032) (USD Billion)
11.4.10.3 South Korea Water Heater Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.4.10.4 South Korea Water Heater Market Estimates and Forecasts By Capacity (2021-2032) (USD Billion)
11.4.11 Singapore
11.4.11.1 Singapore Water Heater Market Estimates and Forecasts By Product (2021-2032) (USD Billion)
11.4.11.2 Singapore Water Heater Market Estimates and Forecasts By Technology (2021-2032) (USD Billion)
11.4.11.3 Singapore Water Heater Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.4.11.4 Singapore Water Heater Market Estimates and Forecasts By Capacity (2021-2032) (USD Billion)
11.4.12 Australia
11.4.12.1 Australia Water Heater Market Estimates and Forecasts By Product (2021-2032) (USD Billion)
11.4.12.2 Australia Water Heater Market Estimates and Forecasts By Technology (2021-2032) (USD Billion)
11.4.12.3 Australia Water Heater Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.4.12.4 Australia Water Heater Market Estimates and Forecasts By Capacity (2021-2032) (USD Billion)
11.4.13 Rest of Asia Pacific
11.4.13.1 Rest of Asia Pacific Water Heater Market Estimates and Forecasts By Product (2021-2032) (USD Billion)
11.4.13.2 Rest of Asia Pacific Water Heater Market Estimates and Forecasts By Technology (2021-2032) (USD Billion)
11.4.13.3 Rest of Asia Pacific Water Heater Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.4.13.4 Rest of Asia Pacific Water Heater Market Estimates and Forecasts By Capacity (2021-2032) (USD Billion)
11.5 Middle East and Africa
11.5.1 Trend Analysis
11.5.2 Middle East and Africa Water Heater Market Estimates and Forecasts by Country (2021-2032) (USD Billion)
11.5.3 Middle East and Africa Water Heater Market Estimates and Forecasts By Product (2021-2032) (USD Billion)
11.5.4 Middle East and Africa Water Heater Market Estimates and Forecasts By Technology (2021-2032) (USD Billion)
11.5.5 Middle East and Africa Water Heater Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.5.6 Middle East and Africa Water Heater Market Estimates and Forecasts By Capacity (2021-2032) (USD Billion)
11.5.7 UAE
11.5.7.1 UAE Water Heater Market Estimates and Forecasts By Product (2021-2032) (USD Billion)
11.5.7.2 UAE Water Heater Market Estimates and Forecasts By Technology (2021-2032) (USD Billion)
11.5.7.3 UAE Water Heater Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.5.7.4 UAE Water Heater Market Estimates and Forecasts By Capacity (2021-2032) (USD Billion)
11.5.8 Saudi Arabia
11.5.8.1 Saudi Arabia Water Heater Market Estimates and Forecasts By Product (2021-2032) (USD Billion)
11.5.8.2 Saudi Arabia Water Heater Market Estimates and Forecasts By Technology (2021-2032) (USD Billion)
11.5.8.3 Saudi Arabia Water Heater Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.5.8.4 Saudi Arabia Water Heater Market Estimates and Forecasts By Capacity (2021-2032) (USD Billion)
11.5.9 Qatar
11.5.9.1 Qatar Water Heater Market Estimates and Forecasts By Product (2021-2032) (USD Billion)
11.5.9.2 Qatar Water Heater Market Estimates and Forecasts By Technology (2021-2032) (USD Billion)
11.5.9.3 Qatar Water Heater Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.5.1.9.4 Qatar Water Heater Market Estimates and Forecasts By Capacity (2021-2032) (USD Billion)
11.5.10 South Africa
11.5.10.1 South Africa Water Heater Market Estimates and Forecasts By Product (2021-2032) (USD Billion)
11.5.10.2 South Africa Water Heater Market Estimates and Forecasts By Technology (2021-2032) (USD Billion)
11.5.10.3 South Africa Water Heater Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.5.10.4 South Africa Water Heater Market Estimates and Forecasts By Capacity (2021-2032) (USD Billion)
11.5.11 Rest of Middle East & Africa
11.5.11.1 Rest of Middle East & Africa Water Heater Market Estimates and Forecasts By Product (2021-2032) (USD Billion)
11.5.11.2 Rest of Middle East & Africa Water Heater Market Estimates and Forecasts By Technology (2021-2032) (USD Billion)
11.5.11.3 Rest of Middle East & Africa Water Heater Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.5.11.4 Rest of Middle East & Africa Water Heater Market Estimates and Forecasts By Capacity (2021-2032) (USD Billion)
11.6 Latin America
11.6.1 Trend Analysis
11.6.2 Latin America Water Heater Market Estimates and Forecasts by Country (2021-2032) (USD Billion)
11.6.3 Latin America Water Heater Market Estimates and Forecasts By Product (2021-2032) (USD Billion)
11.6.4 Latin America Water Heater Market Estimates and Forecasts By Technology (2021-2032) (USD Billion)
11.6.5 Latin America Water Heater Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.6.6 Latin America Water Heater Market Estimates and Forecasts By Capacity (2021-2032) (USD Billion)
11.6.7 Brazil
11.6.7.1 Brazil Water Heater Market Estimates and Forecasts By Product (2021-2032) (USD Billion)
11.6.7.2 Brazil Water Heater Market Estimates and Forecasts By Technology (2021-2032) (USD Billion)
11.6.7.3 Brazil Water Heater Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.6.7.4 Brazil Water Heater Market Estimates and Forecasts By Capacity (2021-2032) (USD Billion)
11.6.8 Argentina
11.6.8.1 Argentina Water Heater Market Estimates and Forecasts By Product (2021-2032) (USD Billion)
11.6.8.2 Argentina Water Heater Market Estimates and Forecasts By Technology (2021-2032) (USD Billion)
11.6.8.3 Argentina Water Heater Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.6.8.4 Argentina Water Heater Market Estimates and Forecasts By Capacity (2021-2032) (USD Billion)
11.6.9 Rest of Latin America
11.6.9.1 Rest of Latin America Water Heater Market Estimates and Forecasts By Product (2021-2032) (USD Billion)
11.6.9.2 Rest of Latin America Water Heater Market Estimates and Forecasts By Technology (2021-2032) (USD Billion)
11.6.9.3 Rest of Latin America Water Heater Market Estimates and Forecasts By Application (2021-2032) (USD Billion)
11.6.9.4 Rest of Latin America Water Heater Market Estimates and Forecasts By Capacity (2021-2032) (USD Billion)
12. Company Profiles
12.1 A.O. Smith
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.2 Robert Bosch LLC
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Products/ Services Offered
12.2.4 SWOT Analysis
12.3 Ariston Thermo SpA
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Products/ Services Offered
12.3.4 SWOT Analysis
12.4 Rheem Manufacturing Company
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Products/ Services Offered
12.4.4 SWOT Analysis
12.5 Rinnai Corporation
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Products/ Services Offered
12.5.4 SWOT Analysis
12.6 Bradford White Corporation
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Products/ Services Offered
12.6.4 SWOT Analysis
12.7 NORITZ Corporation
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Products/ Services Offered
12.7.4 SWOT Analysis
12.8 Whirlpool Corporation
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Products/ Services Offered
12.8.4 SWOT Analysis
12.9 Westinghouse Electric Corporation
12.9.1 Company Overview
12.9.2 Financial
12.9.3 Products/ Services Offered
12.9.4 SWOT Analysis
12.10 Bajaj Electricals Ltd
12.10.1 Company Overview
12.10.2 Financial
12.10.3 Products/ Services Offered
12.10.4 SWOT Analysis
13. Use Cases and Best Practices
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Product
Electric
Solar
Gas
By Technology
Tankless
Storage Tank
Hybrid
By Type
Residential
Commercial
Industrial
By Capacity
Below 30 Liters
30 - 100 Liters
100 - 250 Liters
250 - 400 Liters
Above 400 Liters
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Poland
Turkey
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
UAE
Saudi Arabia
Qatar
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Detailed Volume Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Competitive Product Benchmarking
Geographic Analysis
Additional countries in any of the regions
Customized Data Representation
Detailed analysis and profiling of additional market players