Water Heater Market size was valued at US$ 30.76 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 4% through 2023 to 2029, reaching nearly US$ 40.48 Bn.
Water Heater Market Report Scope and Research Methodology :
The Global Water Heater market, valued at US$ 30.76 Bn. in 2022, is expected to reach US$ 40.48 Bn. by 2029, with a CAGR of 4% during the forecast period. Water heaters, also known as geysers, are heating devices that utilize energy from various sources to heat water. They come in various types, including gas-based water heaters, instant water heaters, storage water heaters, and solar water heaters.
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Water Heater Market Dynamics:
The rising disposable income of consumers and improvements in lifestyle are fueling the water heater market. Growing concern for natural resources and energy efficiency is driving consumer adoption of energy-efficient water heating systems, contributing to global market growth.
The diverse use of water heaters in commercial and industrial sectors is expected to drive demand. The market is projected to expand due to increasing hot water demand, especially from hospitals and hotels. Additionally, the product is finding increased use in various manufacturing industries, such as food and beverage processing and chemical industries.
Water Heater Market Regional Insights:
North America dominates the global Water Heater market, expected to hold the largest market shares by 2029. Growing demand for energy-efficient systems, technological advancements, and a focus on environmental concerns are driving market growth in North America. Additionally, the emphasis on the tourism and hospitality industries is further fueling market growth in the region.
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Water Heater Market Segmentation:
Water Heater Market Key Players:
2. Heat Transfer Products Inc.
3. Bradford White Corp.
4. Noritz Corp.
5. Crompton Greaves Ltd.
6. Haier Water Heater Co. Ltd.
7. Ariston Thermo SPA.
8. Rheem Manufacturing Co.
9. Siemens AG
10. O. Smith Corp.
11. GE Co.
12. Bajaj Electricals Ltd.
14. Rheem manufacturing
15. Bradford White
16. Wagner Solar
17. Linuo Ritter
20. V Guard Industries
21. Himin Solar Energy
23. Sun Tank
24. Alternate Energy Technologies
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Table of content for the Water Heater Market includes:
Global Water Heater Market : Research Methodology
Global Water Heater Market : Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Water Heater Market : Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
PORTERS Five Forces Analysis
Regulatory Landscape by region
Middle East and Africa
Company Profile: Key players
Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size and Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by growth and trend
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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