Global Residential Water Heaters Market Research Report, Competitive, Technology and Forecast Analysis 2025-2032
Description
Market Overview
According to DIResearch＇s in-depth investigation and research, the global Residential Water Heaters market size will reach 1,197.03 Million USD in 2025 and is projected to reach 1,599.76 Million USD by 2032, with a CAGR of 4.23% (2025-2032). Notably, the China Residential Water Heaters market has changed rapidly in the past few years. By 2025, China＇s market size is expected to be Million USD, representing approximately % of the global market share.
Research Summary
Residential water heaters are essential household appliances designed to provide a continuous and convenient supply of hot water for various domestic purposes. Typically located in utility rooms, basements, or dedicated water heater closets, these devices heat water using electricity, gas, or other energy sources. The two main types are tankless (on-demand) and tank-type water heaters. Tank-type water heaters store and continuously heat a specific quantity of water in an insulated tank, ensuring hot water is readily available for use. On the other hand, tankless water heaters heat water on demand, offering energy efficiency by eliminating the need for constant heating and storage. Residential water heaters play a crucial role in daily routines, supporting activities such as bathing, cooking, and cleaning, contributing to the comfort and functionality of homes.
The major global manufacturers of Residential Water Heaters include AO Smith, Rinnai, Midea, Rheem, Calorex (Ariston Thermo), Whirlpool, Stiebel Eltron, Noritz, Zhejiang Jiadele Technology Co, Bosch, GREE, Bradford White, EcoSmart, Vanward, Haier, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.
This report studies the market size, price trends and future development prospects of Residential Water Heaters. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Residential Water Heaters market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.
The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the Residential Water Heaters market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Residential Water Heaters industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.
The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.
Global Key Manufacturers of Residential Water Heaters Include:
AO Smith
Rinnai
Midea
Rheem
Calorex (Ariston Thermo)
Whirlpool
Stiebel Eltron
Noritz
Zhejiang Jiadele Technology Co
Bosch
GREE
Bradford White
EcoSmart
Vanward
Haier
Residential Water Heaters Product Segment Include:
Gas Water Heater
Electric Water Heater
Others
Residential Water Heaters Product Application Include:
Residential
Light Commercial
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend
Chapter 2: Global Residential Water Heaters Industry PESTEL Analysis
Chapter 3: Global Residential Water Heaters Industry Porter's Five Forces Analysis
Chapter 4: Global Residential Water Heaters Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis
Chapter 5: Global Residential Water Heaters Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)
Chapter 6: Global Residential Water Heaters Sales, Revenue, Price and Forecast by Product Type
Chapter 7: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)
Chapter 8: Industrial Chain Analysis, Residential Water Heaters Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology and Data Sources
According to DIResearch＇s in-depth investigation and research, the global Residential Water Heaters market size will reach 1,197.03 Million USD in 2025 and is projected to reach 1,599.76 Million USD by 2032, with a CAGR of 4.23% (2025-2032). Notably, the China Residential Water Heaters market has changed rapidly in the past few years. By 2025, China＇s market size is expected to be Million USD, representing approximately % of the global market share.
Research Summary
Residential water heaters are essential household appliances designed to provide a continuous and convenient supply of hot water for various domestic purposes. Typically located in utility rooms, basements, or dedicated water heater closets, these devices heat water using electricity, gas, or other energy sources. The two main types are tankless (on-demand) and tank-type water heaters. Tank-type water heaters store and continuously heat a specific quantity of water in an insulated tank, ensuring hot water is readily available for use. On the other hand, tankless water heaters heat water on demand, offering energy efficiency by eliminating the need for constant heating and storage. Residential water heaters play a crucial role in daily routines, supporting activities such as bathing, cooking, and cleaning, contributing to the comfort and functionality of homes.
The major global manufacturers of Residential Water Heaters include AO Smith, Rinnai, Midea, Rheem, Calorex (Ariston Thermo), Whirlpool, Stiebel Eltron, Noritz, Zhejiang Jiadele Technology Co, Bosch, GREE, Bradford White, EcoSmart, Vanward, Haier, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.
This report studies the market size, price trends and future development prospects of Residential Water Heaters. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Residential Water Heaters market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.
The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the Residential Water Heaters market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Residential Water Heaters industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.
The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.
Global Key Manufacturers of Residential Water Heaters Include:
AO Smith
Rinnai
Midea
Rheem
Calorex (Ariston Thermo)
Whirlpool
Stiebel Eltron
Noritz
Zhejiang Jiadele Technology Co
Bosch
GREE
Bradford White
EcoSmart
Vanward
Haier
Residential Water Heaters Product Segment Include:
Gas Water Heater
Electric Water Heater
Others
Residential Water Heaters Product Application Include:
Residential
Light Commercial
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend
Chapter 2: Global Residential Water Heaters Industry PESTEL Analysis
Chapter 3: Global Residential Water Heaters Industry Porter's Five Forces Analysis
Chapter 4: Global Residential Water Heaters Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis
Chapter 5: Global Residential Water Heaters Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)
Chapter 6: Global Residential Water Heaters Sales, Revenue, Price and Forecast by Product Type
Chapter 7: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)
Chapter 8: Industrial Chain Analysis, Residential Water Heaters Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology and Data Sources
Table of Contents
165 Pages
- 1 Residential Water Heaters Market Overview
- 1.1 Product Definition and Statistical Scope
- 1.2 Residential Water Heaters Product by Type
- 1.2.1 Gas Water Heater
- 1.2.2 Electric Water Heater
- 1.2.3 Others
- 1.3 Residential Water Heaters Product by Application
- 1.3.1 Residential
- 1.3.2 Light Commercial
- 1.4 Global Residential Water Heaters Market Revenue and Sales Analysis
- 1.4.1 Global Residential Water Heaters Revenue Market Size Analysis (2020-2032)
- 1.4.2 Global Residential Water Heaters Sales Market Size Analysis (2020-2032)
- 1.4.3 Global Residential Water Heaters Market Sales Price Trend Analysis (2020-2032)
- 1.5 Residential Water Heaters Market Development Status and Trends
- 1.5.1 Residential Water Heaters Industry Development Status Analysis
- 1.5.2 Residential Water Heaters Industry Development Trends Analysis
- 2 Residential Water Heaters Market PESTEL Analysis
- 2.1 Political Factors Analysis
- 2.2 Economic Factors Analysis
- 2.3 Social Factors Analysis
- 2.4 Technological Factors Analysis
- 2.5 Environmental Factors Analysis
- 2.6 Legal Factors Analysis
- 3 Residential Water Heaters Market Porter's Five Forces Analysis
- 3.1 Competitive Rivalry
- 3.2 Threat of New Entrants
- 3.3 Bargaining Power of Suppliers
- 3.4 Bargaining Power of Buyers
- 3.5 Threat of Substitutes
- 4 Global Residential Water Heaters Market Analysis by Country
- 4.1 Global Residential Water Heaters Market Size Analysis by Country: 2024 VS 2025 VS 2032
- 4.1.1 Global Residential Water Heaters Revenue and Market Share by Country (2020-2025)
- 4.1.2 Global Residential Water Heaters Revenue and Market Share Forecast by Country (2026-2032)
- 4.2 Global Residential Water Heaters Sales Analysis by Country: 2024 VS 2025 VS 2032
- 4.2.1 Global Residential Water Heaters Sales and Market Share by Country (2020-2025)
- 4.2.2 Global Residential Water Heaters Sales and Market Share Forecast by Country (2026-2032)
- 4.3 United States Residential Water Heaters Market Sales, Revenue and Growth Rate (2020-2032)
- 4.4 Germany Residential Water Heaters Market Sales, Revenue and Growth Rate (2020-2032)
- 4.5 Japan Residential Water Heaters Market Sales, Revenue and Growth Rate (2020-2032)
- 4.6 China Residential Water Heaters Market Sales, Revenue and Growth Rate (2020-2032)
- 4.7 France Residential Water Heaters Market Sales, Revenue and Growth Rate (2020-2032)
- 4.8 U.K. Residential Water Heaters Market Sales, Revenue and Growth Rate (2020-2032)
- 4.9 South Korea Residential Water Heaters Market Sales, Revenue and Growth Rate (2020-2032)
- 4.10 Canada Residential Water Heaters Market Sales, Revenue and Growth Rate (2020-2032)
- 4.11 Italy Residential Water Heaters Market Sales, Revenue and Growth Rate (2020-2032)
- 4.12 Russia Residential Water Heaters Market Sales, Revenue and Growth Rate (2020-2032)
- 4.13 Mexico Residential Water Heaters Market Sales, Revenue and Growth Rate (2020-2032)
- 4.14 Brazil Residential Water Heaters Market Sales, Revenue and Growth Rate (2020-2032)
- 4.15 India Residential Water Heaters Market Sales, Revenue and Growth Rate (2020-2032)
- 4.16 Vietnam Residential Water Heaters Market Sales, Revenue and Growth Rate (2020-2032)
- 4.17 Thailand Residential Water Heaters Market Sales, Revenue and Growth Rate (2020-2032)
- 4.18 South Africa Residential Water Heaters Market Sales, Revenue and Growth Rate (2020-2032)
- 5 Competition by Manufacturers
- 5.1 Global Residential Water Heaters Market Sales, Revenue and Sales Price by Key Manufacturers (2021-2025)
- 5.1.1 Global Residential Water Heaters Market Sales by Key Manufacturers (2021-2025)
- 5.1.2 Global Residential Water Heaters Market Revenue by Key Manufacturers (2021-2025)
- 5.1.3 Global Residential Water Heaters Average Sales Price by Manufacturers (2021-2025)
- 5.2 Residential Water Heaters Competitive Landscape Analysis and Market Dynamic
- 5.2.1 Residential Water Heaters Competitive Landscape Analysis
- 5.2.2 Global Key Manufacturers Headquarter and Key Area Sales
- 5.2.3 Market Dynamic
- 6 Residential Water Heaters Market Analysis by Type
- 6.1 Global Residential Water Heaters Market Revenue Analysis by Type
- 6.1.1 Global Residential Water Heaters Market Size Analysis by Type: 2024 & 2025 & 2032
- 6.1.2 Global Residential Water Heaters Revenue and Forecast Analysis by Type (2020-2032)
- 6.2 Global Residential Water Heaters Sales and Forecast Analysis by Type (2020-2032)
- 6.3 Global Residential Water Heaters Sales Price Trend Analysis by Type (2020-2032)
- 7 Key Companies Analysis
- 7.1 AO Smith
- 7.1.1 AO Smith Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.1.2 AO Smith Residential Water Heaters Product Portfolio
- 7.1.3 AO Smith Residential Water Heaters Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.2 Rinnai
- 7.2.1 Rinnai Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.2.2 Rinnai Residential Water Heaters Product Portfolio
- 7.2.3 Rinnai Residential Water Heaters Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.3 Midea
- 7.3.1 Midea Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.3.2 Midea Residential Water Heaters Product Portfolio
- 7.3.3 Midea Residential Water Heaters Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.4 Rheem
- 7.4.1 Rheem Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.4.2 Rheem Residential Water Heaters Product Portfolio
- 7.4.3 Rheem Residential Water Heaters Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.5 Calorex (Ariston Thermo)
- 7.5.1 Calorex (Ariston Thermo) Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.5.2 Calorex (Ariston Thermo) Residential Water Heaters Product Portfolio
- 7.5.3 Calorex (Ariston Thermo) Residential Water Heaters Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.6 Whirlpool
- 7.6.1 Whirlpool Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.6.2 Whirlpool Residential Water Heaters Product Portfolio
- 7.6.3 Whirlpool Residential Water Heaters Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.7 Stiebel Eltron
- 7.7.1 Stiebel Eltron Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.7.2 Stiebel Eltron Residential Water Heaters Product Portfolio
- 7.7.3 Stiebel Eltron Residential Water Heaters Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.8 Noritz
- 7.8.1 Noritz Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.8.2 Noritz Residential Water Heaters Product Portfolio
- 7.8.3 Noritz Residential Water Heaters Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.9 Zhejiang Jiadele Technology Co
- 7.9.1 Zhejiang Jiadele Technology Co Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.9.2 Zhejiang Jiadele Technology Co Residential Water Heaters Product Portfolio
- 7.9.3 Zhejiang Jiadele Technology Co Residential Water Heaters Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.10 Bosch
- 7.10.1 Bosch Basic Company Profile (
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