The global water heater market is projected to reach $41.3 billion by 2028, with a compound annual growth rate (CAGR) of 5.48% from 2021 to 2028. This growth is driven by various macro and microeconomic factors, including rising consumer disposable incomes, government incentives promoting the use of solar water heaters, and increased population in rural areas coupled with enhanced infrastructure.
The latest research report by Evolve Business Intelligence explores the various factors influencing the global market. It includes an analysis of the current market size, forecasts for key segments and regions, and the driving forces behind market growth. The report examines the potential impacts of key trends on business strategies and provides a SWOT analysis of critical sectors for each major competitor and customer group. This valuable data highlights the conglomerates likely to impact the industry, crucial for any company planning to invest strategically over the next five years. These insights complement our initial quantitative study, aiding in new investments and strategic planning to mitigate threats in existing sectors.
Segments covered
By Type (Electric water heater, Gas water heater, Solar water heater)
By application (Industrial, Commercial, residential )
By Distribution channel(Ecommerce , Hyper market/ Super market, Specialty stores and others )
Key players
Ariston
Thermo Group
Bajaj Electrical Ltd.
Noritz Corporation
Bradford white Corporation
Rinnai Corporation
Rheem Manufacturing Company
Ao Smith Corporations
HTP
Haier Electronics Group Co.
- Chapter 1. Executive Summary
- Chapter 2. Scope Of The Study
- 2.1. Market Definition
- 2.2. Scope Of The Study
- 2.2.1. Objectives of Report
- Chapter 3. Evolve BI Methodology
- Chapter 4. Market Insights and Trends
- 4.1. Supply/ Value Chain Analysis
- 4.2. Porter’s Five Forces Analysis
- 4.2.1. Threat Of New Entrants
- 4.2.2. Bargaining Power Of Buyers
- 4.2.3. Bargaining Power Of Suppliers
- 4.2.4. Threat Of Substitutes
- 4.2.5. Industry Rivalry
- 4.3. Impact of COVID-19 on Water Heater Market
- 4.3.1. Impact on Market Size
- 4.3.2. End User Trend, Preferences and Budget Impact
- 4.3.3. Regulatory Framework/Government Policies
- 4.3.4. Key Players Strategy to Tackle Negative Impact
- 4.3.5. Opportunity Window
- Chapter 5. Market Dynamics
- 5.1. Introduction
- 5.2. DRO Analysis
- 5.2.1. Drivers
- 5.2.2. Restraints
- 5.2.3. Opportunities
- Chapter 6. Global Water Heater Market, By Type
- 6.1. Introduction
- 6.2. Electric Heater
- 6.3. Gas Heater
- 6.4. Solar Water Heater
- Chapter 7. Global Water Heater Market, By Application
- 7.1. Introduction
- 7.2. Industrial
- 7.3. Commercial
- 7.4. Residential
- Chapter 8. Global Water Heater Market, By Distribution Channel
- 8.1. Introduction
- 8.2. Ecommerce
- 8.3. Hyper market/ super market
- 8.4 Specialty Stores
- 8.4 Others
- Chapter 9. Global Water Heater Market, By Region
- 9.1. Introduction
- 9.2. North America
- 9.2.1. Introduction
- 9.2.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.2.3. Market Size and Forecast, By Country, 2020 - 2026
- 9.2.4. Market Size and Forecast, By Type, 2020 - 2026
- 9.2.5. Market Size and Forecast, By application, 2020 – 2026
- 9.2.6. Market Size and Forecast, By Vehicle Type, 2020 – 2026
- 9.2.7. US
- 9.2.7.1. Introduction
- 9.2.7.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.2.7.3. Market Size and Forecast, By Type, 2020 - 2026
- 9.2.7.4. Market Size and Forecast, By application, 2020 – 2026
- 9.2.7.5. Market Size and Forecast, By Vehicle Type, 2020 - 2026
- 9.2.8. Canada
- 9.2.8.1. Introduction
- 9.2.8.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.2.8.4. Market Size and Forecast, By Type, 2020 - 2026
- 9.2.8.5. Market Size and Forecast, By application, 2020 – 2026
- 9.2.8.6. Market Size and Forecast, By Vehicle Type, 2020 - 2026
- 9.3. Europe
- 9.3.1. Introduction
- 9.3.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.3.3. Market Size and Forecast, By Country, 2020 - 2026
- 9.3.4. Market Size and Forecast, By Type, 2020 - 2026
- 9.3.5. Market Size and Forecast, By application, 2020 – 2026
- 9.3.6. Market Size and Forecast, By Vehicle Type, 2020 – 2026
- 9.3.7. Germany
- 9.3.7.1. Introduction
- 9.3.7.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.3.7.3. Market Size and Forecast, By Type, 2020 - 2026
- 9.3.7.4. Market Size and Forecast, By application, 2020 – 2026
- 9.3.7.5. Market Size and Forecast, By Vehicle Type, 2020 - 2026
- 9.3.8. France
- 9.3.8.1. Introduction
- 9.3.8.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.3.8.3. Market Size and Forecast, By Type, 2020 - 2026
- 9.3.8.4. Market Size and Forecast, By application, 2020 – 2026
- 9.3.8.5. Market Size and Forecast, By Vehicle Type, 2020 - 2026
- 9.3.9. UK
- 9.3.9.1. Introduction
- 9.3.9.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.3.9.3. Market Size and Forecast, By Type, 2020 - 2026
- 9.3.9.4. Market Size and Forecast, By application, 2020 – 2026
- 9.3.9.5. Market Size and Forecast, By Vehicle Type, 2020 - 2026
- 9.3.10. Italy
- 9.3.10.1. Introduction
- 9.3.10.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.3.10.3. Market Size and Forecast, By Type, 2020 - 2026
- 9.3.10.4. Market Size and Forecast, By application, 2020 – 2026
- 9.3.10.5. Market Size and Forecast, By Vehicle Type, 2020 - 2026
- 9.3.11. Rest Of Europe
- 9.3.11.1. Introduction
- 9.3.11.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.3.11.3. Market Size and Forecast, By Type, 2020 - 2026
- 9.3.11.4. Market Size and Forecast, By application, 2020 – 2026
- 9.3.11.5. Market Size and Forecast, By Vehicle Type, 2020 - 2026
- 9.4. Asia-Pacific
- 9.4.1. Introduction
- 9.4.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.4.3. Market Size and Forecast, By Country, 2020 - 2026
- 9.4.4. Market Size and Forecast, By Type, 2020 - 2026
- 9.4.5. Market Size and Forecast, By application, 2020 – 2026
- 9.4.7. Market Size and Forecast, By Vehicle Type, 2020 - 2026
- 9.4.8. China
- 9.4.8.1. Introduction
- 9.4.8.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.4.8.3. Market Size and Forecast, By Type, 2020 - 2026
- 9.4.8.4. Market Size and Forecast, By application, 2020 – 2026
- 9.4.8.5. Market Size and Forecast, By Vehicle Type, 2020 - 2026
- 9.4.9. India
- 9.4.9.1. Introduction
- 9.4.9.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.4.9.3. Market Size and Forecast, By Type, 2020 - 2026
- 9.4.9.4. Market Size and Forecast, By application, 2020 – 2026
- 9.4.9.5. Market Size and Forecast, By Vehicle Type, 2020 - 2026
- 9.4.10. Japan
- 9.4.10.1. Introduction
- 9.4.10.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.4.10.3. Market Size and Forecast, By Type, 2020 - 2026
- 9.4.10.4. Market Size and Forecast, By application, 2020 – 2026
- 9.4.10.5. Market Size and Forecast, By Vehicle Type, 2020 - 2026
- 9.4.11. South Korea
- 9.4.11.1. Introduction
- 9.4.11.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.4.11.3. Market Size and Forecast, By Type, 2020 - 2026
- 9.4.11.4. Market Size and Forecast, By application, 2020 – 2026
- 9.4.11.5. Market Size and Forecast, By Vehicle Type, 2020 - 2026
- 9.4.12. Rest Of Asia-Pacific
- 9.4.11.1. Introduction
- 9.4.12.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.4.12.3. Market Size and Forecast, By Type, 2020 - 2026
- 9.4.12.4. Market Size and Forecast, By application, 2020 – 2026
- 9.4.12.5. Market Size and Forecast, By Vehicle Type, 2020 - 2026
- 9.5. Rest Of The World (RoW)
- 9.5.1. Introduction
- 9.5.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.5.3. Market Size and Forecast, By Type, 2020 - 2026
- 9.5.4. Market Size and Forecast, By application, 2020 – 2026
- 9.5.5. Market Size and Forecast, By Vehicle Type, 2020 - 2026
- 9.5.6. Market Size and Forecast, By Region, 2020 - 2026
- 9.5.7. South America
- 9.5.7.1. Introduction
- 9.5.7.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.5.7.3. Market Size and Forecast, By Type, 2020 - 2026
- 9.5.7.4. Market Size and Forecast, By application, 2020 – 2026
- 9.5.7.5. Market Size and Forecast, By Vehicle Type, 2020 - 2026
- 9.5.8. Middle East & Africa
- 9.5.8.1. Introduction
- 9.5.8.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.5.8.3. Market Size and Forecast, By Type, 2020 - 2026
- 9.5.8.4. Market Size and Forecast, By application, 2020 – 2026
- 9.5.8.5. Market Size and Forecast, By Vehicle Type, 2020 - 2026
- Chapter 10. Competitive Landscape
- 10.1. Introduction
- 10.2. Vendor Share Analysis, 2020/Key Players Positioning 2020
- Chapter 11. Company Profiles
- 11.1. Ariston
- 11.1.1. Business Overview
- 11.1.2. Financial Analysis
- 11.1.3. Product Portfolio
- 11.1.4. Recent Development and Strategies Adopted
- 11.1.5. SWOT Analysis
- 11.2. Thermo group
- 11.2.1. Business Overview
- 11.2.2. Financial Analysis
- 11.2.3. Product Portfolio
- 11.2.4. Recent Development and Strategies Adopted
- 11.2.5. SWOT Analysis
- 11.3. Bajaj Electrical Ltd.
- 11.3.1. Business Overview
- 11.3.2. Financial Analysis
- 11.3.3. Product Portfolio
- 11.3.4. Recent Development and Strategies Adopted
- 11.3.5. SWOT Analysis
- 11.4. Noritz Corporation
- 11.4.1. Business Overview
- 11.4.2. Financial Analysis
- 11.4.3. Product Portfolio
- 11.4.4. Recent Development and Strategies Adopted
- 11.4.5. SWOT Analysis
- 11.5. Bradford White Corporation
- 11.5.1. Business Overview
- 11.5.2. Financial Analysis
- 11.5.3. Product Portfolio
- 11.5.4. Recent Development and Strategies Adopted
- 11.5.5. SWOT Analysis
- 11.6. Rinnai Corporation
- 11.6.1. Business Overview
- 11.6.2. Financial Analysis
- 11.6.3. Product Portfolio
- 11.6.4. Recent Development and Strategies Adopted
- 11.6.5. SWOT Analysis
- 11.7. Rheem Manufacturing Company
- 11.7.1. Business Overview
- 11.7.2. Financial Analysis
- 11.7.3. Product Portfolio
- 11.7.4. Recent Development and Strategies Adopted
- 11.7.5. SWOT Analysis
- 11.8. AO Smith Corporations
- 11.8.1. Business Overview
- 11.8.2. Financial Analysis
- 11.8.3. Product Portfolio
- 11.8.4. Recent Development and Strategies Adopted
- 11.8.5. SWOT Analysis
- 11.9. HTP
- 11.9.1. Business Overview
- 11.9.2. Financial Analysis
- 11.9.3. Product Portfolio
- 11.9.4. Recent Development and Strategies Adopted
- 11.9.5. SWOT Analysis
- 11.10. Haier Electronics Group Co.
- 11.10.1. Business Overview
- 11.10.2. Financial Analysis
- 11.10.3. Product Portfolio
- 11.9.4. Recent Development and Strategies Adopted
- 11.9.5. SWOT Analysis
- Chapter 12. Key Takeaways
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