Global Residential Water Heater Market Growth 2025-2031
Description
The global Residential Water Heater market size is predicted to grow from US$ 1034 million in 2025 to US$ 1250 million in 2031; it is expected to grow at a CAGR of 3.2% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Residential water heaters primarily provide hot water for direct use (e.g., in showers and faucets) and for appliances such as dishwashers and clothes washers. There are several types of residential water heaters described below. The most common water heaters in single-family homes are storage tank type water heaters or tankless water heaters.
Storage water heaters use gas (natural gas or propane), electricity or oil to heat and store water at a thermostatically controlled temperature (less than 180⁰ F) for delivery on demand. Federal appliance efficiency standards differentiate storage water heaters based on whether the rated storage volume is greater than 55 gallons or less than or equal to 55 gallons.
Tankless heat water using natural gas, electricity, or propane. These units do not have a tank for storing heated water but instead use a sensor that detects the flow of water over the heat exchanger that initiates the heating element (typical volumes around 0.5 gallons). Instantaneous units are capable of delivering water at a controlled temperature of less than 180⁰F.
In Latin America market, key players of Residential Water Heaters include AO Smith, Rinnai, Midea, Rheem, Calorex (Ariston Thermo), etc. Top five players hold a share approximately 45%. In terms of product, the Storage Tank Type holds a share of over 50%. And in terms of application, the largest application is Gas Water Heater, with a share of over 50%.
LP Information, Inc. (LPI) ' newest research report, the “Residential Water Heater Industry Forecast” looks at past sales and reviews total world Residential Water Heater sales in 2024, providing a comprehensive analysis by region and market sector of projected Residential Water Heater sales for 2025 through 2031. With Residential Water Heater sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Residential Water Heater industry.
This Insight Report provides a comprehensive analysis of the global Residential Water Heater landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Residential Water Heater portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Residential Water Heater market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Residential Water Heater and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Residential Water Heater.
This report presents a comprehensive overview, market shares, and growth opportunities of Residential Water Heater market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Eletric Water Heater
Gas Water Heater
Solar Water Heater
Others
Segmentation by Application:
Residential
Commercial
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
ABB Ltd
Whirlpool
Midea Group
Rinnai
Robert Bosch
GE Appliances
Haier
Siemens
GREE
Key Questions Addressed in this Report
What is the 10-year outlook for the global Residential Water Heater market?
What factors are driving Residential Water Heater market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Residential Water Heater market opportunities vary by end market size?
How does Residential Water Heater break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Residential water heaters primarily provide hot water for direct use (e.g., in showers and faucets) and for appliances such as dishwashers and clothes washers. There are several types of residential water heaters described below. The most common water heaters in single-family homes are storage tank type water heaters or tankless water heaters.
Storage water heaters use gas (natural gas or propane), electricity or oil to heat and store water at a thermostatically controlled temperature (less than 180⁰ F) for delivery on demand. Federal appliance efficiency standards differentiate storage water heaters based on whether the rated storage volume is greater than 55 gallons or less than or equal to 55 gallons.
Tankless heat water using natural gas, electricity, or propane. These units do not have a tank for storing heated water but instead use a sensor that detects the flow of water over the heat exchanger that initiates the heating element (typical volumes around 0.5 gallons). Instantaneous units are capable of delivering water at a controlled temperature of less than 180⁰F.
In Latin America market, key players of Residential Water Heaters include AO Smith, Rinnai, Midea, Rheem, Calorex (Ariston Thermo), etc. Top five players hold a share approximately 45%. In terms of product, the Storage Tank Type holds a share of over 50%. And in terms of application, the largest application is Gas Water Heater, with a share of over 50%.
LP Information, Inc. (LPI) ' newest research report, the “Residential Water Heater Industry Forecast” looks at past sales and reviews total world Residential Water Heater sales in 2024, providing a comprehensive analysis by region and market sector of projected Residential Water Heater sales for 2025 through 2031. With Residential Water Heater sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Residential Water Heater industry.
This Insight Report provides a comprehensive analysis of the global Residential Water Heater landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Residential Water Heater portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Residential Water Heater market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Residential Water Heater and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Residential Water Heater.
This report presents a comprehensive overview, market shares, and growth opportunities of Residential Water Heater market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Eletric Water Heater
Gas Water Heater
Solar Water Heater
Others
Segmentation by Application:
Residential
Commercial
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
ABB Ltd
Whirlpool
Midea Group
Rinnai
Robert Bosch
GE Appliances
Haier
Siemens
GREE
Key Questions Addressed in this Report
What is the 10-year outlook for the global Residential Water Heater market?
What factors are driving Residential Water Heater market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Residential Water Heater market opportunities vary by end market size?
How does Residential Water Heater break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
97 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Residential Water Heater by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Residential Water Heater by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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