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Global Smart Connected Residential Water Heater Market 2017-2021

About Smart Connected Residential Water Heater

Smart connected residential water heaters are used to increase the temperature of water for household usage and can be operated from smartphones and other Internet-enabled devices through the Internet. Users can control and monitor these through specific mobile applications by using wireless connections such as Wi-Fi, NFC, and Bluetooth technologies.

Technavio’s analysts forecast the global smart connected residential water heater market to grow at a CAGR of 10.06% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global smart connected residential water heater market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • North America
  • APAC
  • Europe
  • ROW
Technavio's report, Global Smart Connected Residential Water Heater Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • A.O.Smith
  • Rheem Manufacturing
  • Robert Bosch
Other prominent vendors
  • Haier
  • Midea Group
  • Rinnai
  • Whirlpool
Market driver
  • Increasing product premiumization
  • For a full, detailed list, view our report
Market challenge
  • Increasing cost of raw materials
  • For a full, detailed list, view our report
Market trend
  • Growing online retail of smart connected residential water heaters
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Smart Connected Residential Water Heater Market 2017-2021

Technavio recognizes the following companies as the key players in the global smart connected residential water heater market: A.O.Smith, Rheem Manufacturing, and Robert Bosch.

Other Prominent Vendors in the market are: Haier, Midea Group, Rinnai, and Whirlpool.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing online retail of smart connected residential water heaters. With the rising brand consciousness among end-consumers across the globe, the importance of renowned international retailers offering branded smart connected residential water heater has proportionally increased. The entry of the global vendors in the market is expected to raise the online sales of smart connected residential water heaters through sales portals of pure-play e-retailers and manufacturers.”

According to the report, one of the major drivers for this market is Increasing product premiumization. Premiumization has been one of the key factors for the price growth of smart connected residential water heaters globally. Premiumization is a market strategy adopted by market players, which invites end-consumers to buy more expensive product coupled with the value proposition. They make customers buy more expensive products by presenting a proposition with a higher value by cross-selling and upselling of the product.

Further, the report states that one of the major factors hindering the growth of this market is Increasing cost of raw materials. The supply chain of a product plays a vital role in setting the price and cost strategy with suppliers, distributors, and end-consumers. The final pricing of the product is directly proportional to the total cost incurred in manufacturing a product.

Companies Mentioned

A.O.Smith, Rheem Manufacturing, Robert Bosch, Haier, Midea Group, Rinnai, and Whirlpool.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Global residential water heater market
      • Table Global residential water heater market 2016 (% share of revenue)
  • Market landscape
    • Global smart connected residential water heater market
      • Table Global smart connected residential water heater market: Overview
      • Table Global smart connected residential water heater market: Supply chain
      • Table Global smart connected residential water heater market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by technology
    • Global smart connected residential water heater market by technology
      • Table Global smart connected residential water heater market by technology 2016-2021 ($millions)
      • Table Global smart connected residential water heater market by technology 2016 and2021 (% share of revenue)
    • Global Wi-Fi-enabled smart connected residential water heater market
      • Table Global Wi-Fi-enabled smart connected residential water heater market 2016-2021 ($millions)
    • Global market for other smart connected residential water heaters
      • Table Global market for other smart connected residential water heaters 2016-2021 ($millions)
  • Market segmentation by distribution channel
    • Global smart connected residential water heater market by distribution channel
      • Table Global smart connected residential water heater market by distribution channel2016-2021 ($ millions)
      • Table Global smart connected residential water heater market by distribution channel 2016and 2021 (% share of revenue)
    • Global smart connected residential water heater market by offline distribution channel
      • Table Global smart connected residential water heater market by offline distributionchannel 2016-2021 ($ millions)
    • Global smart connected residential water heater market by online distribution channel
      • Table Global smart connected residential water heater market by online distributionchannel 2016-2021 ($ millions)
  • Geographical segmentation
    • Global smart connected residential water heater market by geography
      • Table Global smart connected residential water heater market by geography 2016-2021($millions)
      • Table Global smart connected residential water heater market by geography 2016 and2021 (% share of revenue)
    • Smart connected residential water heater market in North America
      • Table Smart connected residential water heater market in North America 2016-2021 ($millions)
    • Smart connected residential water heater market in Europe
      • Table Smart connected residential water heater market in Europe 2016-2021 ($ millions)
    • Smart connected residential water heater market in APAC
      • Table Smart connected residential water heater market in APAC 2016-2021 ($ millions)
    • Smart connected residential water heater market in ROW
      • Table Smart connected residential water heater market in ROW 2016-2021 ($ millions)
  • Key leading countries
    • Table Key leading countries 2016 (% share of revenue)
    • US
    • Germany
    • UK
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Population by region 2016 (% share)
      • Table Internet penetration rate and Internet users by region 2016 (millions)
      • Table Internet penetration rate by countries 2016 (% of Internet users)
    • Market challenges
      • Table Global solar water heater market ($ billions)
  • Market trends
    • Growing online retail of smart connected residential water heaters
    • Increasing emergence of hybrid water heaters
    • Increasing integration with IoT
  • Vendor landscape
    • Competitive scenario
    • Competitive strategies
  • Key vendor analysis
    • A.O. Smith
      • Table A.O. Smith: Business segmentation
      • Table A.O. Smith: Product portfolio in global residential water heater market
    • Rheem Manufacturing
      • Table Rheem Manufacturing: Product segmentation
      • Table Recent developments
    • Robert Bosch
      • Table Robert Bosch: Business segmentation 2016 (% share of revenue)
      • Table Robert Bosch: Geographical segmentation 2016 (% share of revenue)
      • Table Robert Bosch: Product portfolio in global residential water heater market
    • Other prominent vendors
      • Table Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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