Residential Water Heater Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

The residential water heater is used to heat the water for domestic purposes. The growing construction activities are one of the major factors supporting the demand for the residential water heater market. The residential water heater market is highly fragmented with the presence of a large number of players operating in the market. Moreover, the demand for the residential water heater is expected to grow significantly in the APAC region, owing to the growing construction activities in emerging economies such as India and China.

MARKET DYNAMICS

Growing construction activities, rapid urbanization, and technological advancements are some of the significant factors driving the growth of the residential water heater market. The companies operating in the market are focusing on offering highly efficient water heaters for domestic purposes with a low carbon footprint. Moreover, with the growing focus towards the adoption of renewable energy, the adoption of solar water heater is growing significantly across the globe.

MARKET SCOPE

The Global Residential water heater Market Analysis to 2031 is a specialized and in-depth study of the residential water heater market with a special focus on the global market trend analysis. The report aims to provide an overview of residential water heater market with detailed market segmentation by type, sales channel, and geography. The global residential water heater market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading residential water heater market players and offers key trends and opportunities in the residential water heater market.

MARKET SEGMENTATION

The global residential water heater market is segmented on the basis of type and sales channel. Based on type, the market is segmented as gas, instant, storage, and solar. Based on sales channel, the market is segmented as online and offline.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global residential water heater market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The residential water heater market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting residential water heater market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the residential water heater market in these regions.

MARKET PLAYERS

The reports cover key developments in the residential water heater market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from residential water heater market are anticipated to lucrative growth opportunities in the future with the rising demand for residential water heater market. Below mentioned is the list of few companies engaged in the residential water heater market.

The report also includes the profiles of key residential water heater market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   A. O. Smith
  
•   Ariston Thermo SPA
  
•   Bradford White Corporation
  
•   Ferroli
  
•   GE Appliances
  
•   Lennox International Inc.
  
•   Racold
  
•   Rheem Manufacturing
  
•   Rinnai Corporation
  
•   Whirlpool Corporation.
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Residential Water Heater Report Scope