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Electric Water Heater Market

Electric Water Heater Market by Product Type (Tank and Tankless), Capacity (Less than 100 liters, 100 to 400 liters, and more than 400 liters), and End User (Residential, Commercial, and Industrial): Global Opportunity Analysis and Industry Forecast, 2021–2030

A13788
Pages: 190
Sep 2021 | 51 Views
   
Author(s) : Saurabh Dixit , Eswara Prasad
Tables: 120
Charts: 55
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Electric Water Heater Market Opportunities - 2030

The global electric water heater market size was valued at $23.2 billion in 2020, and is expected to reach $40.1 billion by 2030, registering a CAGR of 5.6% from 2021 to 2030. Electric water heater is the equipment which converts electricity into heat power with the use of heating elements which increases the temperature of water by means of conduction process. Electric water heaters are used in both tank and tankless product types and detailed overview on these segments is given in the market study. The market provides detailed information on utilization of electric water heaters in residential, commercial and industrial applications. 

The COVID-19 outbreak has impacted negatively on the global electric water heater market. This is attributed to halting of the manufacturing activities, residential construction & maintenance activities, and decreased the consumer spending towards replacement of old water heating systems and also purchasing of new ones.

The growth of the global electric water heater market is driven by rise in demand for hot water from various application in residential, commercial and industrial sectors. However, implementation of stringent government regulations toward highly efficient heating equipment and rapid growth of solar water heating industry are the key factors hampering the growth of the electric water heater market. On the contrary, rapid transition from conventional water heating equipment such as boilers, burners and others to electric water heater installations is anticipated to provide lucrative growth opportunities for the key players manufacture highly efficient electric water heaters to maintain the position in the market during the forecast period. 

Electric-Water-Heater-Market,-2021-2030

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The electric water heater market is segmented into product type, capacity, end user and region. Depending on product type, the market is bifurcated into tank and tankless. On the basis of capacity, it is categorized into less than 100 liters, 100 to 400 liters, and more than 400 liters. The end users covered in the study include residential, commercial and industrial. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global market covers in-depth information of the major electric water heater industry participants. Some of the major players in the market include Ariston Thermo S.P.A., A.O. Smith, Bosch Thermotechnology, General Electric, Bradford White Corporation, Rheem Manufacturing Co., Havells India Ltd., Haier Electronics Group Co., Ltd., Bajaj Electricals, and Racold.

Other players operating in the value chain of the global electric water heater market are Whirlpool Corporation, Rinnai Corporation, Ferroli S.p.A., Vaillant Group, Viessman Group, Westinghouse Electric Corporation, Stiebel Eltron, Inc., Zenith Water Heater, and others.

The key players are adopting numerous strategies such as product launch, agreement, partnership, acquisition, and business expansion, to stay competitive in the electric water heater market.
For instance, in January 2021, Bradford White Corporation acquired Keltech line of tankless electric water heaters. This acquisition is expected to enhance the sales network of company, enhanced product offering, and also increase the new customer base.

In addition, in May 2020, Rheem Manufacturing launched new ProTerra hybrid electric water heater. This product launched strengthened the product portfolio of the company in electric water heater industry.

The electric water heater market is analyzed and estimated in accordance with the impacts of the drivers, restraints, and opportunities. The period studied in this report is 2021–2030. The report includes the study of the market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter’s five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.

Electric water heater market, by product type

On the basis of product type, the tankless segment registered highest CAGR of about 5.9% during the forecast period. This is owing to increase in demand for instant water heating applications from residential and commercial consumers. In addition, tankless water heaters offer various advantages such as constant supply of hot water, high efficiency, lower operating & energy cost, and others which in turn is expected to drive the growth of the market from 2021 to 2030.

Electric Water Heater Market
By Product Type

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Tank segment is projected as the most lucrative segment.

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Electric water heater market, by capacity

On the basis of capacity, the less than 100 liters segment dominated the global market in 2020, in terms of share, owing to rise in demand for electric water heater with less than 100 liters capacity from residential and commercial applications such as apartments, restaurants, commercial complexes, theatres, and government institutions. In addition, rapid growth of residential construction sector and increase in investment towards smart city infrastructure is further projected to drive the market growth in the coming years.

Electric Water Heater Market
By Capacity

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Less than 100 Liters is projected as the most lucrative segment.

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Electric water heater market, by end user

On the basis of end user, the residential segment garnered the highest market share in 2020. This is attributed to rise in demand for electric water heater from residential application areas such as cooking, bathing, cleaning, and others. In addition, rapid urbanization and increase in disposable income is expected to propel the demand for electric water heaters from residential segment during the analyzed time frame.

Electric Water Heater Market
By End User

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Residential is projected as the most lucrative segment.

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Electric water heater market, by region

Asia-Pacific garnered the highest share in the electric water heater market in 2020, in terms of revenue, and is anticipated to maintain its dominance throughout the forecast period. This is attributed to the presence of key players and huge consumer base in the region. In addition, electric water heater is gaining importance in owing to the increase in electrification rate, growing disposable income in Asian economies, and rapid urbanization which, in turn, is expected to augment the growth of the market during the forecast period.

Electric Water Heater Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific holds a dominant position in 2020 and would continue to maintain the lead over the forecast period.

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COVID-19 impact on the market

Lockdowns imposed due to the outbreak of COVID-19 pandemic resulted in temporary ban on import & export and manufacturing & processing activities across various industries, which decreased the demand for electric water heater from these consumers. This resulted in decline in market growth in the second, third, and fourth quarters of 2020. However, the market is expected to recover by the first quarter of 2021 as COVID-19 vaccination has started in various economies across the globe, which is expected to improve the global economy.

Key Benefits For Stakeholders

  • The report provides an extensive qualitative and quantitative analysis of the current electric water heater market trends and future estimations of the global market from 2021 to 2030 to determine the prevailing opportunities.
  • A comprehensive electric water heater market analysis of the factors that drive and restrict the electric water heater market growth is provided.
  • Estimations and electric water heater market forecast are based on factors impacting the market growth, in terms of value.
  • Profiles of leading players operating in the market are provided to understand the global competitive scenario.
  • The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable electric water heater market growth.

Key Market Segments

By product type

  • Tank
  • Tankless

By capacity

  • Less than 100 liters
  • 100 to 400 liters
  • More than 400 liters

By end user

  • Residential
  • Commercial
  • Industrial

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research

1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings
2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key forces shaping the market
3.3.Value chain analysis
3.4.Top investment pockets
3.5.Patent analysis

3.5.1.By region, 2013–2019

3.6.Market dynamics

3.6.1.Drivers

3.6.1.1.Rise in demand for water heating systems
3.6.1.2.Rapid growth of the residential construction sector and stringent government regulations toward environmental pollution

3.6.2.Restraints

3.6.2.1.Rise in use of solar water heaters

3.6.3.Opportunity

3.6.3.1.Technological advancements towards energy efficient electric water heaters and rise in demand for instant water heaters

3.7.Impact of government regulations on the market
3.8.Impact of COVID-19 outbreak on the market

CHAPTER 4:ELECTRIC WATER HEATER MARKET, BY PRODUCT TYPE

4.1.Overview

4.1.1.Market size and forecast

4.2.Tank

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market share analysis, by country

4.3.Tankless

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market share analysis, by country

CHAPTER 5:ELECTRIC WATER HEATER MARKET, BY CAPACITY

5.1.Overview

5.1.1.Market size and forecast

5.2.Less than 100 Liters

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market share analysis, by country

5.3.100 to 400 liters

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market share analysis, by country

5.4.More than 400 liters

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market share analysis, by country

CHAPTER 6:ELECTRIC WATER HEATER MARKET, BY END USER

6.1.Overview

6.1.1.Market size and forecast

6.2.Residential

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market share analysis, by country

6.3.Commercial

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market share analysis, by country

6.4.Industrial

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market share analysis, by country

CHAPTER 7:ELECTRIC WATER HEATER MARKET, BY REGION

7.1.Overview

7.1.1.Market size and forecast

7.2.North America

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by product type
7.2.3.Market size and forecast, by capacity
7.2.4.Market size and forecast, by end user
7.2.5.Market share analysis, by country
7.2.6.U.S.

7.2.6.1.Market size and forecast, by product type
7.2.6.2.Market size and forecast, by capacity

7.2.6.3.Market size and forecast, by end user

7.2.7.Canada

7.2.7.1.Market size and forecast, by product type
7.2.7.2.Market size and forecast, by capacity
7.2.7.3.Market size and forecast, by end user

7.2.8.Mexico

7.2.8.1.Market size and forecast, by product type
7.2.8.2.Market size and forecast, by capacity
7.2.8.3.Market size and forecast, by end user

7.3.Europe

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by product type
7.3.3.Market size and forecast, by capacity
7.3.4.Market size and forecast, by end user
7.3.5.Market share analysis, by country
7.3.6.UK

7.3.6.1.Market size and forecast, by product type
7.3.6.2.Market size and forecast, by capacity
7.3.6.3.Market size and forecast, by end user

7.3.7.Germany

7.3.7.1.Market size and forecast, by product type
7.3.7.2.Market size and forecast, by capacity
7.3.7.3.Market size and forecast, by end user

7.3.8.France

7.3.8.1.Market size and forecast, by product type
7.3.8.2.Market size and forecast, by capacity
7.3.8.3.Market size and forecast, by end user

7.3.9.Spain

7.3.9.1.Market size and forecast, by product type
7.3.9.2.Market size and forecast, by capacity
7.3.9.3.Market size and forecast, by end user

7.3.10.Russia

7.3.10.1.Market size and forecast, by product type
7.3.10.2.Market size and forecast, by capacity
7.3.10.3.Market size and forecast, by end user

7.3.11.Rest of Europe

7.3.11.1.Market size and forecast, by product type
7.3.11.2.Market size and forecast, by capacity
7.3.11.3.Market size and forecast, by end user

7.4.Asia-Pacific

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by product type
7.4.3.Market size and forecast, by capacity
7.4.4.Market size and forecast, by end user
7.4.5.Market share analysis, by country
7.4.6.China

7.4.6.1.Market size and forecast, by product type
7.4.6.2.Market size and forecast, by capacity
7.4.6.3.Market size and forecast, by end user

7.4.7.Japan

7.4.7.1.Market size and forecast, by product type
7.4.7.2.Market size and forecast, by capacity
7.4.7.3.Market size and forecast, by end user

7.4.8.India

7.4.8.1.Market size and forecast, by product type
7.4.8.2.Market size and forecast, by capacity
7.4.8.3.Market size and forecast, by end user

7.4.9.Australia

7.4.9.1.Market size and forecast, by product type
7.4.9.2.Market size and forecast, by capacity
7.4.9.3.Market size and forecast, by end user

7.4.10.South Korea

7.4.10.1.Market size and forecast, by product type
7.4.10.2.Market size and forecast, by capacity
7.4.10.3.Market size and forecast, by end user

7.4.11.Rest of Asia-Pacific

7.4.11.1.Market size and forecast, by product type
7.4.11.2.Market size and forecast, by capacity
7.4.11.3.Market size and forecast, by end user

7.5.LAMEA

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by product type
7.5.3.Market size and forecast, by capacity
7.5.4.Market size and forecast, by end user
7.5.5.Market share analysis, by country
7.5.6.Latin America

7.5.6.1.Market size and forecast, by product type
7.5.6.2.Market size and forecast, by capacity
7.5.6.3.Market size and forecast, by end user

7.5.8.Middle East

7.5.8.1.Market size and forecast, by product type
7.5.8.2.Market size and forecast, by capacity
7.5.8.3.Market size and forecast, by end user

7.5.9.Africa

7.5.9.1.Market size and forecast, by product type
7.5.9.2.Market size and forecast, by capacity
7.5.9.3.Market size and forecast, by end user

CHAPTER 8:COMPETITIVE LANDSCAPE

8.1.Introduction

8.1.1.Market Player Positioning, 2020

8.2.Top winning strategies

8.2.1.Top winning strategies, by year
8.2.2.Top winning strategies, by development
8.2.3.Top winning strategies, by company

8.3.Product Mapping of Top 10 Player
8.4.Competitive Heatmap
8.5.Key developments

8.5.1.New product launch
8.5.2.Agreement
8.5.3.Partnership
8.5.4.Acquisitions

8.5.5.Business Expansions

CHAPTER 9:COMPANY PROFILES

9.1.A.O. SMITH AB

9.1.1.Company overview
9.1.2.Company snapshot
9.1.3.Operating business segments
9.1.4.Product portfolio
9.1.5.Business performance
9.1.6.Key strategic moves and developments

9.2.ARISTON THERMO SPA

9.2.1.Company overview
9.2.2.Company snapshot
9.2.3.Product portfolio
9.2.4.Key strategic moves and developments

9.3.BOSCH THERMOTECHNOLOGY

9.3.1.Company overview
9.3.2.Company snapshot
9.3.3.Product portfolio

9.4.BRADFORD WHITE CORPORATION

9.4.1.Company overview
9.4.2.Company snapshot
9.4.3.Operating business segments
9.4.4.Product portfolio
9.4.5.Business performance
9.4.6.Key strategic moves and developments

9.5.RHEEM MANUFACTURING CO.

9.5.1.Company overview
9.5.2.Company Snapshot
9.5.3.Operating business segments
9.5.4.Product portfolio
9.5.5.Business performance
9.5.6.Key strategic moves and developments

9.6.BAJAJ ELECTRICALS

9.6.1.Company overview
9.6.2.Company snapshot
9.6.3.Product portfolio
9.6.4.Business performance
9.6.5.Key strategic moves and developments

9.7.HAVELLS INDIA LTD.

9.7.1.Company overview
9.7.2.Company snapshot
9.7.3.Product portfolio

9.8.RACOLD

9.8.1.Company overview
9.8.2.Company snapshot
9.8.3.Product portfolio

9.9.GENERAL ELECTRIC

9.9.1.Company overview
9.9.2.Company Snapshot
9.9.3.Product portfolio
9.9.4.Key strategic moves and developments

9.10.HAIER ELECTRONICS GROUP CO., LTD

9.10.1.Company overview
9.10.2.Company snapshot
9.10.3.Product portfolio

LIST OF TABLES

TABLE 01.GLOBAL ELECTRIC WATER HEATER MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 02.TANK ELECTRIC WATER HEATER MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 03.TANKLESS ELECTRIC WATER HEATER MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 04.GLOBAL ELECTRIC WATER HEATER MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 05.ELECTRIC WATER HEATER MARKET FOR LESS THAN 100 LITERS, BY REGION, 2020–2030 ($MILLION)
TABLE 06.ELECTRIC WATER HEATER MARKET FOR 100 TO 400 LITERS, BY REGION, 2020–2030 ($MILLION)
TABLE 07.ELECTRIC WATER HEATER MARKET FOR MORE THAN 400 LITERS, BY REGION, 2020–2030 ($MILLION)
TABLE 08.GLOBAL ELECTRIC WATER HEATER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 09.ELECTRIC WATER HEATER MARKET FOR RESIDENTIAL, BY REGION, 2020–2030 ($MILLION)
TABLE 10.ELECTRIC WATER HEATER MARKET FOR COMMERCIAL, BY REGION, 2020–2030 ($MILLION)
TABLE 11.ELECTRIC WATER HEATER MARKET FOR INDUSTRIAL, BY REGION, 2020–2030 ($MILLION)
TABLE 12.ELECTRIC WATER HEATER MARKET, BY REGION, 2020-2030 ($MILLION)
TABLE 13.NORTH AMERICA ELECTRIC WATER HEATER MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 14.NORTH AMERICA ELECTRIC WATER HEATER MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 15.NORTH AMERICA ELECTRIC WATER HEATER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 16.NORTH AMERICA ELECTRIC WATER HEATER MARKET, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 17.U.S. ELECTRIC WATER HEATER MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 18.U.S. ELECTRIC WATER HEATER MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 19.U.S. ELECTRIC WATER HEATER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 20.CANADA ELECTRIC WATER HEATER MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 21.CANADA ELECTRIC WATER HEATER MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 22.CANADA ELECTRIC WATER HEATER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 23.MEXICO ELECTRIC WATER HEATER MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 24.MEXICO ELECTRIC WATER HEATER MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 25.MEXICO ELECTRIC WATER HEATER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 26.EUROPE ELECTRIC WATER HEATER MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 27.EUROPE ELECTRIC WATER HEATER MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 28.EUROPE ELECTRIC WATER HEATER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 29.EUROPE ELECTRIC WATER HEATER MARKET, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 30.UK ELECTRIC WATER HEATER MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 31.UK ELECTRIC WATER HEATER MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 32.UK ELECTRIC WATER HEATER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 33.GERMANY ELECTRIC WATER HEATER MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 34.GERMANY ELECTRIC WATER HEATER MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 35.GERMANY ELECTRIC WATER HEATER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 36.FRANCE ELECTRIC WATER HEATER MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 37.FRANCE ELECTRIC WATER HEATER MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 38.FRANCE ELECTRIC WATER HEATER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 39.SPAIN ELECTRIC WATER HEATER MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 40.SPAIN ELECTRIC WATER HEATER MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 41.SPAIN ELECTRIC WATER HEATER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 42.RUSSIA ELECTRIC WATER HEATER MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 43.RUSSIA ELECTRIC WATER HEATER MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 44.RUSSIA ELECTRIC WATER HEATER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 45.REST OF EUROPE ELECTRIC WATER HEATER MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 46.REST OF EUROPE ELECTRIC WATER HEATER MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 47.REST OF EUROPE ELECTRIC WATER HEATER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 48.ASIA-PACIFIC ELECTRIC WATER HEATER MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 49.ASIA-PACIFIC ELECTRIC WATER HEATER MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 50.ASIA-PACIFIC ELECTRIC WATER HEATER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 51.ASIA-PACIFIC ELECTRIC WATER HEATER MARKET, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 52.CHINA ELECTRIC WATER HEATER MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 53.CHINA ELECTRIC WATER HEATER MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 54.CHINA ELECTRIC WATER HEATER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 55.JAPAN ELECTRIC WATER HEATER MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 56.JAPAN ELECTRIC WATER HEATER MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 57.JAPAN ELECTRIC WATER HEATER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 58.INDIA ELECTRIC WATER HEATER MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 59.INDIA ELECTRIC WATER HEATER MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 60.INDIA ELECTRIC WATER HEATER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 61.AUSTRALIA ELECTRIC WATER HEATER MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 62.AUSTRALIA ELECTRIC WATER HEATER MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 63.AUSTRALIA ELECTRIC WATER HEATER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 64.SOUTH KOREA ELECTRIC WATER HEATER MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 65.SOUTH KOREA ELECTRIC WATER HEATER MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 66.SOUTH KOREA ELECTRIC WATER HEATER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 67.REST OF ASIA-PACIFIC ELECTRIC WATER HEATER MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 68.REST OF ASIA-PACIFIC ELECTRIC WATER HEATER MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 69.REST OF ASIA-PACIFIC ELECTRIC WATER HEATER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 70.LAMEA ELECTRIC WATER HEATER MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 71.LAMEA ELECTRIC WATER HEATER MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 72.LAMEA ELECTRIC WATER HEATER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 73.LAMEA ELECTRIC WATER HEATER MARKET, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 74.LATIN AMERICA ELECTRIC WATER HEATER MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 75.LATIN AMERICA ELECTRIC WATER HEATER MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 76.LATIN AMERICA ELECTRIC WATER HEATER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 77.MIDDLE EAST ELECTRIC WATER HEATER MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 78.MIDDLE EAST ELECTRIC WATER HEATER MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 79.MIDDLE EAST ELECTRIC WATER HEATER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 80.AFRICA ELECTRIC WATER HEATER MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 81.AFRICA ELECTRIC WATER HEATER MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 82.AFRICA ELECTRIC WATER HEATER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 83.KEY NEW PRODUCT LAUNCH (2017-2021)
TABLE 84.KEY AGREEMENT (2017-2021)
TABLE 85.KEY PARTNERSHIP (2017-2021)
TABLE 86.KEY ACQUISITIONS (2017-2021)
TABLE 87.KEY BUSINESS EXPANSIONS (2017-2021)
TABLE 88.A.O. SMITH: COMPANY SNAPSHOT
TABLE 89.A.O. SMITH: OPERATING SEGMENTS
TABLE 90.A.O. SMITH
TABLE 91.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 92.A.O. SMITH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 93.ARISTON THERMO SPA: COMPANY SNAPSHOT
TABLE 94.ARISTON THERMO SPA: PRODUCT PORTFOLIO
TABLE 95.ARISTON THERMO SPA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 96.BOSCH THERMOTECHNOLOGY: COMPANY SNAPSHOT
TABLE 97.BOSCH THERMOTECHNOLOGY: PRODUCT PORTFOLIO
TABLE 98.BRADFORD WHITE CORPORATION: COMPANY SNAPSHOT
TABLE 99.BRADFORD WHITE CORPORATION: OPERATING SEGMENTS
TABLE 100.BRADFORD WHITE CORPORATION: PRODUCT PORTFOLIO
TABLE 101.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 102.BRADFORD WHITE CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 103.RHEEM MANUFACTURING CO.: COMPANY SNAPSHOT
TABLE 104.RHEEM MANUFACTURING CO.: OPERATING SEGMENTS
TABLE 105.RHEEM MANUFACTURING CO.: PRODUCT PORTFOLIO
TABLE 106.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 107.RHEEM MANUFACTURING CO.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 108.BAJAJ ELECTRICALS: COMPANY SNAPSHOT
TABLE 109.BAJAJ ELECTRICALS: PRODUCT PORTFOLIO
TABLE 110.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 111.BAJAJ ELECTRICALS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 112.HAVELLS INDIA LTD.: COMPANY SNAPSHOT
TABLE 113.HAVELLS INDIA LTD.: PRODUCT PORTFOLIO
TABLE 114.RACOLD: COMPANY SNAPSHOT
TABLE 115.RACOLD: PRODUCT PORTFOLIO
TABLE 116.GENERAL ELECTRIC: COMPANY SNAPSHOT
TABLE 117.GENERAL ELECTRIC: PRODUCT PORTFOLIO
TABLE 118.GENERAL ELECTRIC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 119.HAIER ELECTRONICS GROUP CO., LTD: COMPANY SNAPSHOT
TABLE 120.HAIER ELECTRONICS GROUP CO., LTD: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 03.MODERATE THREAT OF NEW ENTRANTS
FIGURE 04.MODERATE THREAT OF SUBSTITUTES
FIGURE 05.MODERATE INTENSITY OF COMPETITIVE RIVALRY
FIGURE 06.MODERATE BARGAINING POWER OF BUYERS
FIGURE 07.VALUE CHAIN ANALYSIS
FIGURE 08.TOP INVESTMENT POCKETS
FIGURE 09.PATENT ANALYSIS, BY REGION
FIGURE 10.ELECTRIC WATER HEATER MARKET DYNAMICS
FIGURE 11.GLOBAL ELECTRIC WATER HEATER MARKET, BY PRODUCT TYPE, 2020–2030
FIGURE 12.COMPARATIVE ANALYSIS OF TANK ELECTRIC WATER HEATER MARKET, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 13.COMPARATIVE ANALYSIS OF TANKLESS ELECTRIC WATER HEATER MARKET, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 14.GLOBAL ELECTRIC WATER HEATER MARKET, BY CAPACITY, 2020–2030
FIGURE 15.COMPARATIVE ANALYSIS OF ELECTRIC WATER HEATER MARKET FOR LESS THAN 100 LITERS, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 16.COMPARATIVE ANALYSIS OF ELECTRIC WATER HEATER MARKET FOR 100 TO 400 LITERS, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 17.COMPARATIVE ANALYSIS OF ELECTRIC WATER HEATER MARKET FOR MORE THAN 400 LITERS, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 18.GLOBAL ELECTRIC WATER HEATER MARKET, BY END USER, 2020–2030
FIGURE 19.COMPARATIVE ANALYSIS OF ELECTRIC WATER HEATER MARKET FOR RESIDENTIAL, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 20.COMPARATIVE ANALYSIS OF ELECTRIC WATER HEATER MARKET FOR COMMERCIAL, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 21.COMPARATIVE ANALYSIS OF ELECTRIC WATER HEATER MARKET FOR INDUSTRIAL, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 22.U.S. ELECTRIC WATER HEATER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 23.CANADA ELECTRIC WATER HEATER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 24.MEXICO ELECTRIC WATER HEATER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 25.UK ELECTRIC WATER HEATER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 26.GERMANY ELECTRIC WATER HEATER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 27.FRANCE ELECTRIC WATER HEATER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 28.SPAIN ELECTRIC WATER HEATER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 29.RUSSIA ELECTRIC WATER HEATER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 30.REST OF EUROPE ELECTRIC WATER HEATER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 31.CHINA ELECTRIC WATER HEATER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 32.JAPAN ELECTRIC WATER HEATER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 33.INDIA ELECTRIC WATER HEATER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 34.AUSTRALIA ELECTRIC WATER HEATER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 35.SOUTH KOREA ELECTRIC WATER HEATER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 36.REST OF ASIA-PACIFIC ELECTRIC WATER HEATER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 37.LATIN AMERICA ELECTRIC WATER HEATER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 38.MIDDLE EAST ELECTRIC WATER HEATER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 39.AFRICA ELECTRIC WATER HEATER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 40.MARKET PLAYER POSITIONING, 2020
FIGURE 41.TOP WINNING STRATEGIES, BY YEAR, 2017–2021
FIGURE 42.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017–2021 (%)
FIGURE 43.TOP WINNING STRATEGIES, BY COMPANY, 2017–2021
FIGURE 44.PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 45.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 46.A.O. SMITH: REVENUE, 2018–2020 ($MILLION)
FIGURE 47.A.O. SMITH: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 48.A.O. SMITH: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 49.BRADFORD WHITE CORPORATION: REVENUE, 2018–2020 ($MILLION)
FIGURE 50.BRADFORD WHITE CORPORATION: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 51.BRADFORD WHITE CORPORATION: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 52.RHEEM MANUFACTURING CO.: NET SALES, 2018–2020 ($MILLION)
FIGURE 53.RHEEM MANUFACTURING CO.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 54.RHEEM MANUFACTURING CO.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 55.BAJAJ ELECTRICALS: REVENUE, 2017–2019 ($MILLION)

 
 

Rapid growth of the electric heating equipment industry and rise in demand for environment-friendly heating systems are the key factors attributed to the leading position of Asia-Pacific in the global electric water heater market. The Asia-Pacific region is further expected to provide lucrative opportunities to leading electric water heater manufacturers, owing to its huge potential to set up manufacturing plants and surge in demand for electric water heater from the region.

Increase in demand for water heating applications from residential sectors is the key factor driving the growth of the global electric water heater market during the forecast period. However, high cost associated with electricity consumption by electric water heater and increase in use of solar powered water heaters is anticipated to hamper the growth of the market. On the contrary, increase in government investments in the residential construction industry and technological advancements in electric water heaters are projected to provide remunerative opportunities for the key players to maintain the pace in the electric water heater market in the coming years.

Among the analyzed regions, Asia-Pacific is expected to account for the highest revenue in the market during the forecast period, followed by North America, Europe, and LAMEA. Asia-Pacific accounted for 32.6% of the total global electric water heater market share in 2020, and is expected to maintain its dominance during the forecast period.

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A. Rise in demand for electrical water heating products from residential, commercial, and industrial applications is the key factor driving the electric water heater market growth during the forecast period.

A. Technological advancements in the electric water heater are expected to be the key trend in the electric water heater market.

A. Residential sector is expected to drive the adoption of Electric water heater.

A. The report sample for global Electric water heater Market report can be obtained on demand from the website. Also, the 24*7 chat support and direct call services are provided to procure the sample report.

A. Segments covered in the electric water heater market report are product type, capacity, end user and region.

A. The top ten market players are selected based on two key attributes - competitive strength and market positioning.

A. The outbreak of COVID-19 has negatively impacted various industries and countries across the globe in the year 2020. Owing to the lockdown imposed, globally, decrease has been witnessed in the growth rate of the industries such as construction & building, transportation, oil & gas, automotive, and energy sectors but rise in vaccination and step by step unlocking of operations across the globe will fuel the market growth in 2021.

A. Top players in the electric water heater market are Ariston Thermo S.P.A., A.O. Smith, Bosch Thermotechnology, General Electric, Bradford White Corporation, Rheem Manufacturing Co., Havells India Ltd., Haier Electronics Group Co., Ltd., Bajaj Electricals, and Racold.

A. In terms of revenue, the market size of electric water heater market is anticipated to reach $40.1 billion by 2030, growing at CAGR of 5.6% from 2021 to 2030.

A. Tankless electric water heater are projected to increase the demand for Electric water heater Market.

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