Global Residential Water Heater Market Research Report 2025(Status and Outlook)
Description
Report Overview
The residential water heater market encompasses a range of products designed to supply hot water for household use, including storage tank heaters, tankless (on-demand) heaters, heat pump water heaters, and solar-powered systems. These appliances vary in energy sources (electric, gas, propane, or renewable energy), efficiency ratings, and capacity to meet diverse consumer needs. The market is driven by factors such as rising urbanization, increasing demand for energy-efficient solutions, and stricter environmental regulations promoting sustainable alternatives. Technological advancements, including smart controls and hybrid systems, are reshaping consumer preferences, while replacement cycles and retrofitting trends in aging housing stocks further influence demand. Competitive dynamics involve global and regional players focusing on innovation, cost optimization, and compliance with energy standards. Regional variations in energy infrastructure, climate conditions, and purchasing power also significantly impact market growth and product adoption.
The global Residential Water Heater market size was estimated at USD 11572.0 million in 2024, exhibiting a CAGR of 5.20% during the forecast period.
This report provides a deep insight into the global Residential Water Heater market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Residential Water Heater Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Residential Water Heater market in any manner.
Global Residential Water Heater Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
ABB Ltd
Whirlpool
Midea Group
Rinnai
Robert Bosch
GE Appliances
Haier
Siemens
GREE
Market Segmentation (by Type)
Eletric Water Heater
Gas Water Heater
Solar Water Heater
Others
Market Segmentation (by Application)
Residential
Commercial
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Residential Water Heater Market
Overview of the regional outlook of the Residential Water Heater Market:
Chapter Outline
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Residential Water Heater Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.
Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 shares the main producing countries of Residential Water Heater, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.
Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.
Chapter 13 is the main points and conclusions of the report.
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Provision of market value data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
The residential water heater market encompasses a range of products designed to supply hot water for household use, including storage tank heaters, tankless (on-demand) heaters, heat pump water heaters, and solar-powered systems. These appliances vary in energy sources (electric, gas, propane, or renewable energy), efficiency ratings, and capacity to meet diverse consumer needs. The market is driven by factors such as rising urbanization, increasing demand for energy-efficient solutions, and stricter environmental regulations promoting sustainable alternatives. Technological advancements, including smart controls and hybrid systems, are reshaping consumer preferences, while replacement cycles and retrofitting trends in aging housing stocks further influence demand. Competitive dynamics involve global and regional players focusing on innovation, cost optimization, and compliance with energy standards. Regional variations in energy infrastructure, climate conditions, and purchasing power also significantly impact market growth and product adoption.
The global Residential Water Heater market size was estimated at USD 11572.0 million in 2024, exhibiting a CAGR of 5.20% during the forecast period.
This report provides a deep insight into the global Residential Water Heater market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Residential Water Heater Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Residential Water Heater market in any manner.
Global Residential Water Heater Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
ABB Ltd
Whirlpool
Midea Group
Rinnai
Robert Bosch
GE Appliances
Haier
Siemens
GREE
Market Segmentation (by Type)
Eletric Water Heater
Gas Water Heater
Solar Water Heater
Others
Market Segmentation (by Application)
Residential
Commercial
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Residential Water Heater Market
Overview of the regional outlook of the Residential Water Heater Market:
Chapter Outline
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Residential Water Heater Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.
Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 shares the main producing countries of Residential Water Heater, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.
Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.
Chapter 13 is the main points and conclusions of the report.
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Provision of market value data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
Table of Contents
137 Pages
- 1 Research Methodology and Statistical Scope
- 1.1 Market Definition and Statistical Scope of Residential Water Heater
- 1.2 Key Market Segments
- 1.2.1 Residential Water Heater Segment by Type
- 1.2.2 Residential Water Heater Segment by Application
- 1.3 Methodology & Sources of Information
- 1.3.1 Research Methodology
- 1.3.2 Research Process
- 1.3.3 Market Breakdown and Data Triangulation
- 1.3.4 Base Year
- 1.3.5 Report Assumptions & Caveats
- 2 Residential Water Heater Market Overview
- 2.1 Global Market Overview
- 2.1.1 Global Residential Water Heater Market Size (M USD) Estimates and Forecasts (2020-2033)
- 2.1.2 Global Residential Water Heater Sales Estimates and Forecasts (2020-2033)
- 2.2 Market Segment Executive Summary
- 2.3 Global Market Size by Region
- 3 Residential Water Heater Market Competitive Landscape
- 3.1 Company Assessment Quadrant
- 3.2 Global Residential Water Heater Product Life Cycle
- 3.3 Global Residential Water Heater Sales by Manufacturers (2020-2025)
- 3.4 Global Residential Water Heater Revenue Market Share by Manufacturers (2020-2025)
- 3.5 Residential Water Heater Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
- 3.6 Global Residential Water Heater Average Price by Manufacturers (2020-2025)
- 3.7 Manufacturers’ Manufacturing Sites, Areas Served, and Product Types
- 3.8 Residential Water Heater Market Competitive Situation and Trends
- 3.8.1 Residential Water Heater Market Concentration Rate
- 3.8.2 Global 5 and 10 Largest Residential Water Heater Players Market Share by Revenue
- 3.8.3 Mergers & Acquisitions, Expansion
- 4 Residential Water Heater Industry Chain Analysis
- 4.1 Residential Water Heater Industry Chain Analysis
- 4.2 Market Overview of Key Raw Materials
- 4.3 Midstream Market Analysis
- 4.4 Downstream Customer Analysis
- 5 The Development and Dynamics of Residential Water Heater Market
- 5.1 Key Development Trends
- 5.2 Driving Factors
- 5.3 Market Challenges
- 5.4 Industry News
- 5.4.1 New Product Developments
- 5.4.2 Mergers & Acquisitions
- 5.4.3 Expansions
- 5.4.4 Collaboration/Supply Contracts
- 5.5 PEST Analysis
- 5.5.1 Industry Policies Analysis
- 5.5.2 Economic Environment Analysis
- 5.5.3 Social Environment Analysis
- 5.5.4 Technological Environment Analysis
- 5.6 Global Residential Water Heater Market Porter's Five Forces Analysis
- 5.6.1 Global Trade Frictions
- 5.6.2 U.S. Tariff Policy – April 2025
- 5.6.3 Global Trade Frictions and Their Impacts to Residential Water Heater Market
- 5.7 ESG Ratings of Leading Companies
- 6 Residential Water Heater Market Segmentation by Type
- 6.1 Evaluation Matrix of Segment Market Development Potential (Type)
- 6.2 Global Residential Water Heater Sales Market Share by Type (2020-2025)
- 6.3 Global Residential Water Heater Market Size Market Share by Type (2020-2025)
- 6.4 Global Residential Water Heater Price by Type (2020-2025)
- 7 Residential Water Heater Market Segmentation by Application
- 7.1 Evaluation Matrix of Segment Market Development Potential (Application)
- 7.2 Global Residential Water Heater Market Sales by Application (2020-2025)
- 7.3 Global Residential Water Heater Market Size (M USD) by Application (2020-2025)
- 7.4 Global Residential Water Heater Sales Growth Rate by Application (2020-2025)
- 8 Residential Water Heater Market Sales by Region
- 8.1 Global Residential Water Heater Sales by Region
- 8.1.1 Global Residential Water Heater Sales by Region
- 8.1.2 Global Residential Water Heater Sales Market Share by Region
- 8.2 Global Residential Water Heater Market Size by Region
- 8.2.1 Global Residential Water Heater Market Size by Region
- 8.2.2 Global Residential Water Heater Market Size Market Share by Region
- 8.3 North America
- 8.3.1 North America Residential Water Heater Sales by Country
- 8.3.2 North America Residential Water Heater Market Size by Country
- 8.3.3 U.S. Market Overview
- 8.3.4 Canada Market Overview
- 8.3.5 Mexico Market Overview
- 8.4 Europe
- 8.4.1 Europe Residential Water Heater Sales by Country
- 8.4.2 Europe Residential Water Heater Market Size by Country
- 8.4.3 Germany Market Overview
- 8.4.4 France Market Overview
- 8.4.5 U.K. Market Overview
- 8.4.6 Italy Market Overview
- 8.4.7 Spain Market Overview
- 8.5 Asia Pacific
- 8.5.1 Asia Pacific Residential Water Heater Sales by Region
- 8.5.2 Asia Pacific Residential Water Heater Market Size by Region
- 8.5.3 China Market Overview
- 8.5.4 Japan Market Overview
- 8.5.5 South Korea Market Overview
- 8.5.6 India Market Overview
- 8.5.7 Southeast Asia Market Overview
- 8.6 South America
- 8.6.1 South America Residential Water Heater Sales by Country
- 8.6.2 South America Residential Water Heater Market Size by Country
- 8.6.3 Brazil Market Overview
- 8.6.4 Argentina Market Overview
- 8.6.5 Columbia Market Overview
- 8.7 Middle East and Africa
- 8.7.1 Middle East and Africa Residential Water Heater Sales by Region
- 8.7.2 Middle East and Africa Residential Water Heater Market Size by Region
- 8.7.3 Saudi Arabia Market Overview
- 8.7.4 UAE Market Overview
- 8.7.5 Egypt Market Overview
- 8.7.6 Nigeria Market Overview
- 8.7.7 South Africa Market Overview
- 9 Residential Water Heater Market Production by Region
- 9.1 Global Production of Residential Water Heater by Region(2020-2025)
- 9.2 Global Residential Water Heater Revenue Market Share by Region (2020-2025)
- 9.3 Global Residential Water Heater Production, Revenue, Price and Gross Margin (2020-2025)
- 9.4 North America Residential Water Heater Production
- 9.4.1 North America Residential Water Heater Production Growth Rate (2020-2025)
- 9.4.2 North America Residential Water Heater Production, Revenue, Price and Gross Margin (2020-2025)
- 9.5 Europe Residential Water Heater Production
- 9.5.1 Europe Residential Water Heater Production Growth Rate (2020-2025)
- 9.5.2 Europe Residential Water Heater Production, Revenue, Price and Gross Margin (2020-2025)
- 9.6 Japan Residential Water Heater Production (2020-2025)
- 9.6.1 Japan Residential Water Heater Production Growth Rate (2020-2025)
- 9.6.2 Japan Residential Water Heater Production, Revenue, Price and Gross Margin (2020-2025)
- 9.7 China Residential Water Heater Production (2020-2025)
- 9.7.1 China Residential Water Heater Production Growth Rate (2020-2025)
- 9.7.2 China Residential Water Heater Production, Revenue, Price and Gross Margin (2020-2025)
- 10 Key Companies Profile
- 10.1 ABB Ltd
- 10.1.1 ABB Ltd Basic Information
- 10.1.2 ABB Ltd Residential Water Heater Product Overview
- 10.1.3 ABB Ltd Residential Water Heater Product Market Performance
- 10.1.4 ABB Ltd Business Overview
- 10.1.5 ABB Ltd SWOT Analysis
- 10.1.6 ABB Ltd Recent Developments
- 10.2 Whirlpool
- 10.2.1 Whirlpool Basic Information
- 10.2.2 Whirlpool Residential Water Heater Product Overview
- 10.2.3 Whirlpool Residential Water Heater Product Market Performance
- 10.2.4 Whirlpool Business Overview
- 10.2.5 Whirlpool SWOT Analysis
- 10.2.6 Whirlpool Recent Developments
- 10.3 Midea Group
- 10.3.1 Midea Group Basic Information
- 10.3.2 Midea Group Residential Water Heater Product Overview
- 10.3.3 Midea Group Residential Water Heater Product Market Performance
- 10.3.4 Midea Group Business Overview
- 10.3.5 Midea Group SWOT Analysis
- 10.3.6 Midea Group Recent Developments
- 10.4 Rinnai
- 10.4.1 Rinnai Basic Information
- 10.4.2 Rinnai Residential Water Heater Product Overview
- 10.4.3 Rinnai Residential Water Heater Product Market Performance
- 10.4.4 Rinnai Business Overview
- 10.4.5 Rinnai Recent Developments
- 10.5 Robert Bosch
- 10.5.1 Robert Bosch Basic Information
- 10.5.2 Robert Bosch Residential Water Heater Product Overview
- 10.5.3 Robert Bosch Residential Water Heater Product Market Performance
- 10.5.4 Robert Bosch Business Overview
- 10.5.5 Robert Bosch Recent Developments
- 10.6 GE Appliances
- 10.6.1 GE Appliances Basic Information
- 10.6.2 GE Appliances Residential Water Heater Product Overview
- 10.6.3 GE Appliances Residential Water Heater Product Market Performance
- 10.6.4 GE Appliances Business Overview
- 10.6.5 GE Appliances Recent Developments
- 10.7 Haier
- 10.7.1 Haier Basic Information
- 10.7.2 Haier Residential Water Heater Product Overview
- 10.7.3 Haier Residential Water Heater Product Market Performance
- 10.7.4 Haier Business Overview
- 10.7.5 Haier Recent Developments
- 10.8 Siemens
- 10.8.1 Siemens Basic Information
- 10.8.2 Siemens Residential Water Heater Product Overview
- 10.8.3 Siemens Residential Water Heater Product Market Performance
- 10.8.4 Siemens Business Overview
- 10.8.5 Siemens Recent Developments
- 10.9 GREE
- 10.9.1 GREE Basic Information
- 10.9.2 GREE Residential Water Heater Product Overview
- 10.9.3 GREE Residential Water Heater Product Market Performance
- 10.9.4 GREE Business Overview
- 10.9.5 GREE Recent Developments
- 11 Residential Water Heater Market Forecast by Region
- 11.1 Global Residential Water Heater Market Size Forecast
- 11.2 Global Residential Water Heater Market Forecast by Region
- 11.2.1 North America Market Size Forecast by Country
- 11.2.2 Europe Residential Water Heater Market Size Forecast by Country
- 11.2.3 Asia Pacific Residential Water Heater Market Size Forecast by Region
- 11.2.4 South America Residential Water Heater Market Size Forecast by Country
- 11.2.5 Middle East and Africa Forecasted Sales of Residential Water Heater by Country
- 12 Forecast Market by Type and by Application (2026-2033)
- 12.1 Global Residential Water Heater Market Forecast by Type (2026-2033)
- 12.1.1 Global Forecasted Sales of Residential Water Heater by Type (2026-2033)
- 12.1.2 Global Residential Water Heater Market Size Forecast by Type (2026-2033)
- 12.1.3 Global Forecasted Price of Residential Water Heater by Type (2026-2033)
- 12.2 Global Residential Water Heater Market Forecast by Application (2026-2033)
- 12.2.1 Global Residential Water Heater Sales (K MT) Forecast by Application
- 12.2.2 Global Residential Water Heater Market Size (M USD) Forecast by Application (2026-2033)
- 13 Conclusion and Key Findings
Pricing
Currency Rates
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