Hot Water Heaters Market
Hot Water Heaters Market - Global Industry Assessment & Forecast
#
Pages:
Base Year:
2022
Nov - 2021
Format:
Report Code:
VMR-VMR-2021-0907
Segments Covered
By
Product Electric, Solar, Gas
-
By
Technology Tankless, Storage, Hybrid
-
By
Capacity Below 30 Liters, 30-100 Liters, 100-250 Liters, 250-400 Liters, Above 400 Liters
-
By
Application Residential, Commercial, Industrial
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
 Base Year:
|
2022 |
| Forecast
Years:
|
2023 - 2030 |
 Historical
Years:
|
2017 - 2021 |
 Revenue
2022: |
USD 27.98 Billion |
 Revenue 2030:
|
USD 37.70 Billion |
 Revenue CAGR
(2023 - 2030): |
4.35% |
Fastest Growing Region (2023 -
2030)
|
North America |
Largest Region (2022):
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Hot Water Heaters Market Segment Analysis
- Hot Water Heaters Product Outlook (Revenue, USD Million, 2018 - 2030)
- Electric
- Solar
- Gas
- Hot Water Heaters Technology Outlook (Revenue, USD Million, 2018 - 2030)
- Tankless
- Storage
- Hybrid
- Hot Water Heaters Capacity Outlook (Revenue, USD Million, 2018 - 2030)
- Below 30 Liters
- 30-100 Liters
- 100-250 Liters
- 250-400 Liters
- Above 400 Liters
- Hot Water Heaters Application Outlook (Revenue, USD Million, 2018 - 2030)
- Residential
- Commercial
- Industrial
-
Regional Outlook (Revenue, USD Billion/Million, 2018 - 2030)
- North America
-
North America Hot Water Heaters Market, by Product
- Electric
- Solar
- Gas
-
North America Hot Water Heaters Market, by Technology
- Tankless
- Storage
- Hybrid
-
North America Hot Water Heaters Market, by Capacity
- Below 30 Liters
- 30-100 Liters
- 100-250 Liters
- 250-400 Liters
- Above 400 Liters
-
North America Hot Water Heaters Market, by Application
- Residential
- Commercial
- Industrial
- U.S.
- U.S. Hot Water Heaters Market, by Product
- Electric
- Solar
- Gas
- U.S. Hot Water Heaters Market, by Technology
- Tankless
- Storage
- Hybrid
- U.S. Hot Water Heaters Market, by Capacity
- Below 30 Liters
- 30-100 Liters
- 100-250 Liters
- 250-400 Liters
- Above 400 Liters
- U.S. Hot Water Heaters Market, by Application
- Residential
- Commercial
- Industrial
- U.S. Hot Water Heaters Market, by Product
- Canada
- Canada Hot Water Heaters Market, by Product
- Electric
- Solar
- Gas
- Canada Hot Water Heaters Market, by Technology
- Tankless
- Storage
- Hybrid
- Canada Hot Water Heaters Market, by Capacity
- Below 30 Liters
- 30-100 Liters
- 100-250 Liters
- 250-400 Liters
- Above 400 Liters
- Canada Hot Water Heaters Market, by Application
- Residential
- Commercial
- Industrial
- Canada Hot Water Heaters Market, by Product
-
Mexico
- Mexico Hot Water Heaters Market, by Product
- Electric
- Solar
- Gas
- Mexico Hot Water Heaters Market, by Technology
- Tankless
- Storage
- Hybrid
- Mexico Hot Water Heaters Market, by Capacity
- Below 30 Liters
- 30-100 Liters
- 100-250 Liters
- 250-400 Liters
- Above 400 Liters
- Mexico Hot Water Heaters Market, by Application
- Residential
- Commercial
- Industrial
- Mexico Hot Water Heaters Market, by Product
-
North America Hot Water Heaters Market, by Product
- Europe
-
Europe Hot Water Heaters Market, by Product
- Electric
- Solar
- Gas
-
Europe Hot Water Heaters Market, by Technology
- Tankless
- Storage
- Hybrid
-
Europe Hot Water Heaters Market, by Capacity
- Below 30 Liters
- 30-100 Liters
- 100-250 Liters
- 250-400 Liters
- Above 400 Liters
-
Europe Hot Water Heaters Market, by Application
- Residential
- Commercial
- Industrial
- U. K.
- U.K. Hot Water Heaters Market, by Product
- Electric
- Solar
- Gas
- U.K. Hot Water Heaters Market, by Technology
- Tankless
- Storage
- Hybrid
- U.K. Hot Water Heaters Market, by Capacity
- Below 30 Liters
- 30-100 Liters
- 100-250 Liters
- 250-400 Liters
- Above 400 Liters
- U.K. Hot Water Heaters Market, by Application
- Residential
- Commercial
- Industrial
- U.K. Hot Water Heaters Market, by Product
- France
- France Hot Water Heaters Market, by Product
- Electric
- Solar
- Gas
- France Hot Water Heaters Market, by Technology
- Tankless
- Storage
- Hybrid
- France Hot Water Heaters Market, by Capacity
- Below 30 Liters
- 30-100 Liters
- 100-250 Liters
- 250-400 Liters
- Above 400 Liters
- France Hot Water Heaters Market, by Application
- Residential
- Commercial
- Industrial
- France Hot Water Heaters Market, by Product
-
Germany
- Germany Hot Water Heaters Market, by Product
- Electric
- Solar
- Gas
- Germany Hot Water Heaters Market, by Technology
- Tankless
- Storage
- Hybrid
- Germany Hot Water Heaters Market, by Capacity
- Below 30 Liters
- 30-100 Liters
- 100-250 Liters
- 250-400 Liters
- Above 400 Liters
- Germany Hot Water Heaters Market, by Application
- Residential
- Commercial
- Industrial
- Germany Hot Water Heaters Market, by Product
-
Italy
- Italy Hot Water Heaters Market, by Product
- Electric
- Solar
- Gas
- Italy Hot Water Heaters Market, by Technology
- Tankless
- Storage
- Hybrid
- Italy Hot Water Heaters Market, by Capacity
- Below 30 Liters
- 30-100 Liters
- 100-250 Liters
- 250-400 Liters
- Above 400 Liters
- Italy Hot Water Heaters Market, by Application
- Residential
- Commercial
- Industrial
- Italy Hot Water Heaters Market, by Product
-
Spain
- Spain Hot Water Heaters Market, by Product
- Electric
- Solar
- Gas
- Spain Hot Water Heaters Market, by Technology
- Tankless
- Storage
- Hybrid
- Spain Hot Water Heaters Market, by Capacity
- Below 30 Liters
- 30-100 Liters
- 100-250 Liters
- 250-400 Liters
- Above 400 Liters
- Spain Hot Water Heaters Market, by Application
- Residential
- Commercial
- Industrial
- Spain Hot Water Heaters Market, by Product
-
Rest of Europe
- Rest of Europe Hot Water Heaters Market, by Product
- Electric
- Solar
- Gas
- Rest of Europe Hot Water Heaters Market, by Technology
- Tankless
- Storage
- Hybrid
- Rest of Europe Hot Water Heaters Market, by Capacity
- Below 30 Liters
- 30-100 Liters
- 100-250 Liters
- 250-400 Liters
- Above 400 Liters
- Rest of Europe Hot Water Heaters Market, by Application
- Residential
- Commercial
- Industrial
- Rest of Europe Hot Water Heaters Market, by Product
-
Europe Hot Water Heaters Market, by Product
- Asia Pacific
-
Asia Pacific Hot Water Heaters Market, by Product
- Electric
- Solar
- Gas
-
Asia Pacific Hot Water Heaters Market, by Technology
- Tankless
- Storage
- Hybrid
-
Asia Pacific Hot Water Heaters Market, by Capacity
- Below 30 Liters
- 30-100 Liters
- 100-250 Liters
- 250-400 Liters
- Above 400 Liters
-
Asia Pacific Hot Water Heaters Market, by Application
- Residential
- Commercial
- Industrial
- China
- China Hot Water Heaters Market, by Product
- Electric
- Solar
- Gas
- China Hot Water Heaters Market, by Technology
- Tankless
- Storage
- Hybrid
- China Hot Water Heaters Market, by Capacity
- Below 30 Liters
- 30-100 Liters
- 100-250 Liters
- 250-400 Liters
- Above 400 Liters
- China Hot Water Heaters Market, by Application
- Residential
- Commercial
- Industrial
- China Hot Water Heaters Market, by Product
- Japan
- Japan Hot Water Heaters Market, by Product
- Electric
- Solar
- Gas
- Japan Hot Water Heaters Market, by Technology
- Tankless
- Storage
- Hybrid
- Japan Hot Water Heaters Market, by Capacity
- Below 30 Liters
- 30-100 Liters
- 100-250 Liters
- 250-400 Liters
- Above 400 Liters
- Japan Hot Water Heaters Market, by Application
- Residential
- Commercial
- Industrial
- Japan Hot Water Heaters Market, by Product
-
Germany
- Germany Hot Water Heaters Market, by Product
- Electric
- Solar
- Gas
- Germany Hot Water Heaters Market, by Technology
- Tankless
- Storage
- Hybrid
- Germany Hot Water Heaters Market, by Capacity
- Below 30 Liters
- 30-100 Liters
- 100-250 Liters
- 250-400 Liters
- Above 400 Liters
- Germany Hot Water Heaters Market, by Application
- Residential
- Commercial
- Industrial
- Germany Hot Water Heaters Market, by Product
-
India
- India Hot Water Heaters Market, by Product
- Electric
- Solar
- Gas
- India Hot Water Heaters Market, by Technology
- Tankless
- Storage
- Hybrid
- India Hot Water Heaters Market, by Capacity
- Below 30 Liters
- 30-100 Liters
- 100-250 Liters
- 250-400 Liters
- Above 400 Liters
- India Hot Water Heaters Market, by Application
- Residential
- Commercial
- Industrial
- India Hot Water Heaters Market, by Product
-
South Korea
- South Korea Hot Water Heaters Market, by Product
- Electric
- Solar
- Gas
- South Korea Hot Water Heaters Market, by Technology
- Tankless
- Storage
- Hybrid
- South Korea Hot Water Heaters Market, by Capacity
- Below 30 Liters
- 30-100 Liters
- 100-250 Liters
- 250-400 Liters
- Above 400 Liters
- South Korea Hot Water Heaters Market, by Application
- Residential
- Commercial
- Industrial
- South Korea Hot Water Heaters Market, by Product
-
South East Asia
- South East Asia Hot Water Heaters Market, by Product
- Electric
- Solar
- Gas
- South East Asia Hot Water Heaters Market, by Technology
- Tankless
- Storage
- Hybrid
- South East Asia Hot Water Heaters Market, by Capacity
- Below 30 Liters
- 30-100 Liters
- 100-250 Liters
- 250-400 Liters
- Above 400 Liters
- South East Asia Hot Water Heaters Market, by Application
- Residential
- Commercial
- Industrial
- South East Asia Hot Water Heaters Market, by Product
-
Rest of Asia Pacific
- Rest of Asia Pacific Hot Water Heaters Market, by Product
- Electric
- Solar
- Gas
- Rest of Asia Pacific Hot Water Heaters Market, by Technology
- Tankless
- Storage
- Hybrid
- Rest of Asia Pacific Hot Water Heaters Market, by Capacity
- Below 30 Liters
- 30-100 Liters
- 100-250 Liters
- 250-400 Liters
- Above 400 Liters
- Rest of Asia Pacific Hot Water Heaters Market, by Application
- Residential
- Commercial
- Industrial
- Rest of Asia Pacific Hot Water Heaters Market, by Product
-
Asia Pacific Hot Water Heaters Market, by Product
- Latin America
-
Latin America Hot Water Heaters Market, by Product
- Electric
- Solar
- Gas
-
Latin America Hot Water Heaters Market, by Technology
- Tankless
- Storage
- Hybrid
-
Latin America Hot Water Heaters Market, by Capacity
- Below 30 Liters
- 30-100 Liters
- 100-250 Liters
- 250-400 Liters
- Above 400 Liters
-
Latin America Hot Water Heaters Market, by Application
- Residential
- Commercial
- Industrial
- Brazil
- Brazil Hot Water Heaters Market, by Product
- Electric
- Solar
- Gas
- Brazil Hot Water Heaters Market, by Technology
- Tankless
- Storage
- Hybrid
- Brazil Hot Water Heaters Market, by Capacity
- Below 30 Liters
- 30-100 Liters
- 100-250 Liters
- 250-400 Liters
- Above 400 Liters
- Brazil Hot Water Heaters Market, by Application
- Residential
- Commercial
- Industrial
- Brazil Hot Water Heaters Market, by Product
- Argentina
- Argentina Hot Water Heaters Market, by Product
- Electric
- Solar
- Gas
- Argentina Hot Water Heaters Market, by Technology
- Tankless
- Storage
- Hybrid
- Argentina Hot Water Heaters Market, by Capacity
- Below 30 Liters
- 30-100 Liters
- 100-250 Liters
- 250-400 Liters
- Above 400 Liters
- Argentina Hot Water Heaters Market, by Application
- Residential
- Commercial
- Industrial
- Argentina Hot Water Heaters Market, by Product
-
Rest of Latin America
- Rest of Latin America Hot Water Heaters Market, by Product
- Electric
- Solar
- Gas
- Rest of Latin America Hot Water Heaters Market, by Technology
- Tankless
- Storage
- Hybrid
- Rest of Latin America Hot Water Heaters Market, by Capacity
- Below 30 Liters
- 30-100 Liters
- 100-250 Liters
- 250-400 Liters
- Above 400 Liters
- Rest of Latin America Hot Water Heaters Market, by Application
- Residential
- Commercial
- Industrial
- Rest of Latin America Hot Water Heaters Market, by Product
-
Latin America Hot Water Heaters Market, by Product
- Middle East & Africa
-
Middle East & Africa Hot Water Heaters Market, by Product
- Electric
- Solar
- Gas
-
Middle East & Africa Hot Water Heaters Market, by Technology
- Tankless
- Storage
- Hybrid
-
Middle East & Africa Hot Water Heaters Market, by Capacity
- Below 30 Liters
- 30-100 Liters
- 100-250 Liters
- 250-400 Liters
- Above 400 Liters
-
Middle East & Africa Hot Water Heaters Market, by Application
- Residential
- Commercial
- Industrial
- GCC Countries
- GCC Countries Hot Water Heaters Market, by Product
- Electric
- Solar
- Gas
- GCC Countries Hot Water Heaters Market, by Technology
- Tankless
- Storage
- Hybrid
- GCC Countries Hot Water Heaters Market, by Capacity
- Below 30 Liters
- 30-100 Liters
- 100-250 Liters
- 250-400 Liters
- Above 400 Liters
- GCC Countries Hot Water Heaters Market, by Application
- Residential
- Commercial
- Industrial
- GCC Countries Hot Water Heaters Market, by Product
- South Africa
- South Africa Hot Water Heaters Market, by Product
- Electric
- Solar
- Gas
- South Africa Hot Water Heaters Market, by Technology
- Tankless
- Storage
- Hybrid
- South Africa Hot Water Heaters Market, by Capacity
- Below 30 Liters
- 30-100 Liters
- 100-250 Liters
- 250-400 Liters
- Above 400 Liters
- South Africa Hot Water Heaters Market, by Application
- Residential
- Commercial
- Industrial
- South Africa Hot Water Heaters Market, by Product
-
Rest of Middle East & Africa
- Rest of Middle East & Africa Hot Water Heaters Market, by Product
- Electric
- Solar
- Gas
- Rest of Middle East & Africa Hot Water Heaters Market, by Technology
- Tankless
- Storage
- Hybrid
- Rest of Middle East & Africa Hot Water Heaters Market, by Capacity
- Below 30 Liters
- 30-100 Liters
- 100-250 Liters
- 250-400 Liters
- Above 400 Liters
- Rest of Middle East & Africa Hot Water Heaters Market, by Application
- Residential
- Commercial
- Industrial
- Rest of Middle East & Africa Hot Water Heaters Market, by Product
-
Middle East & Africa Hot Water Heaters Market, by Product
- North America
FAQ
Frequently Asked Question
What is the global demand for Hot Water Heaters in terms of revenue?
-
The global Hot Water Heaters valued at USD 27.98 Billion in 2022 and is expected to reach USD 37.70 Billion in 2030 growing at a CAGR of 4.35%.
Which are the prominent players in the market?
-
The prominent players in the market are Rheem Manufacturing Company, Rinnai Corporation, Bradford White Corporation, Lennox International Inc., FERROLI S.p.A, Kenmore, A.O. Smith, Robert Bosch LLC, Ariston Thermo SpA, NORITZ Corporation, Whirlpool Corporation, Westinghouse Electric Corporation, Bajaj Electricals Ltd, Haier Inc., Havells India Ltd.
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 4.35% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Hot Water Heaters include
- Advancements in Technology
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Hot Water Heaters in 2022.
