The Electric water heater market in global is expected to grow from US$ 14.07 Bn in 2018 to US$ 21.47 Bn by the year 2027. This represents a CAGR of 4.9% from the year 2019 to 2027.
Asia Pacific was the leading geographic market, and it is anticipated to be the highest revenue contributor throughout the forecast period. In the APAC, swift development of infrastructure of various residential, commercial, and industrial units is driving the APAC electric water heater market, and this would continue to drive in the coming ten years.
Market Insights
The Urban Immigration Factor is a Key Influential Factor for the Electric Water Heater Market
Different countries worldwide are experiencing a huge trend of urban migration. Urban migration is a growing trend in the twenty-first century. The key parameters driving the urban migration trend include job opportunities, educational opportunities, and medical opportunities. Also, increasing income levels among middle-class society and better living standards are key contributing factors towards urban relocation. The rising trend of urban migration has led to the development of residential infrastructures, which is a key factor catalyzing the growth of the electric water heaters market in the current scenario.
The urban population experiences more benefits than rural areas, and the same seek an enhanced standard of living. Pertaining to the factor mentioned above, the various technology developers, commodity manufacturers, energy & power generating organizations, infrastructure developers, and governments are constantly striving hard to meet the demands of the urban population. Urban migration and higher living standards, coupled with growing technologies and governmental policies, drive the growth of residential infrastructure in various developing countries as well as developed nations. The rising number of residential infrastructure is facilitating the electric water heater market players to witness growth in demand for their respective products.
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Electric Water Heater Market: Strategic Insights
Market Size Value in US$ 14.07 Billion in 2018 Market Size Value by US$ 21.47 Billion by 2027 Growth rate CAGR of 4.9% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Electric Water Heater Market: Strategic Insights
| Market Size Value in | US$ 14.07 Billion in 2018 |
| Market Size Value by | US$ 21.47 Billion by 2027 |
| Growth rate | CAGR of 4.9% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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The rising residential infrastructure worldwide is enabling the market players operating in the electric water heater market to enhance their respective product range to attract a wide variety of customers. The awareness of benefits and application areas of electric water heaters is peaking among the urban population, and pertaining to this, the adoption of the same is continuously growing, which is then furnishing the revenue size of the electric water heaters market. Thus, with the escalating migration from rural areas to urban areas in different countries, the demand for electric water heaters in the residential sector would soar in the coming years. Therefore, the urban immigration factor is a key influential factor for the electric water heater market throughout the forecast period.
Product Insights
The global electric water heater market by-product was led by storage segment. The non-storage segment held the second-largest market in 2018 and is anticipated to increase its shares during the forecast period from 2019 – 2027.
Application Insights
The global electric water heater market by application was led by the residential segment. Commercial segment held the second-largest market in 2018 and is anticipated to increase its shares during the forecast period from 2019 – 2027.
The market players present in electric water heater market are mainly focusing on product enhancements by implementing advanced technologies. Few of the recent developments are listed below:
2019:PHCC expanded the partnership status of Bradford White Corp. to Strategic Partner category. The recognition expands the partnership from solely Bradford White Water Heaters to the entire Bradford White Corp.
2019:Bradford White announced the launch of its new web-based contractor resource, For The Pro, tailored for professional installers of Bradford White water heating, space heating, combination heating, and storage solutions for residential, commercial, and industrial applications.
2018:A. O. Smith opened new Lloyd R. Smith Corporate Technology Center that would serve as its global innovation hub for A. O. Smith products around the globe.
Electric Water Heater Market Report Scope
GLOBAL ELECTRIC WATER HEATER MARKET – MARKET SEGMENTATION
Global electric water heater Market by Product
- Storage
- < 30 Litres
- 30 - 100 Litres
- 100 - 250 Litres
- 250 - 400 Litres
- > 400 Litres
- Non-storage
Global electric water heater Market by Application
Global electric water heater Market by Application
- Residential
- Commercial
- Industrial
Global electric water heater Market by Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
Companies Mentioned
- A. O. Smith Corporation
- Ariston Thermo Group SpA
- Bajaj Electricals Ltd.
- Bosch Group
- Bradford White Corporation (BWC)
- Haier Smart Home Co., Ltd.
- Midea Group Co., Ltd.
- Siemens AG
- Viessmann Werke GmbH & Co. KG
- Whirlpool Corporation
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product ; Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
The demand for electric water heaters is expected to increase in the developing areas as the number of houses, hotels, commerce zones, shopping malls, hospitals, and industrial buildings in the developing countries is increasing, which is demanding electric water heaters. This is due to the fact that the count of each of the commercial spaces mentioned overhead is continuously growing, which is leading to the higher procurement rate of electric water heaters. Additionally, electricity in the developing countries are comparatively cheaper than the developed countries, the cost associated with gas filling in gas water heaters is omitted, and faster heating time on electric water heaters have attracted a significant percentage of urban population residing in the countries mentioned above. This parameter is foreseen to furnish the electric water heater market in the coming years.
In the region, swift development of infrastructure of various residential, commercial, and industrial units is driving the APAC electric water heater market, and this would continue to drive in the coming ten years. The building construction investment by respective state government authorities would positively optimize the business outlook; the rising demand for electric water heaters, both storage as well as non-storage, would also augment the industry landscape.
Increasing construction activities and increase of the building infrastructure is driving the electric storage water heating demand across commercial establishments. Stringent government orders aiming to decrease the carbon footprint along with rising urbanization & commercialization would accelerate the demand for storage water heaters. Electric storage water heaters are used in various industrial applications for efficient heating. When it comes to efficiency and economy, electric storage water heaters are the best option in their category.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Electric Water Heater Market – By Product
1.3.2 Global Electric Water Heater Market – By Application
1.3.3 Global Electric Water Heater Market – By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Electric Water Heater Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 APAC PEST Analysis
4.2.4 Middle East & Africa PEST Analysis
4.2.5 South America PEST Analysis
4.3 Ecosystem Analysis
5. Electric Water Heater Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Rising Urban Immigration In Developing Countries and Developed Nations
5.1.2 Stimulating Commercialization in Different Countries
5.2 Key Market Restraints
5.2.1 Demand for Renewable Sources for Water Heating
5.3 Key Market Opportunities
5.3.1 Accentuating Adoption of Electric Water Heaters in Developing Countries
5.4 Future Trends
5.4.1 Premiumization of Electric Water Heaters
5.5 Impact Analysis of Drivers and Restraints
6. Electric Water Heater Market – Global Market Analysis
6.1 Global Electric Water Heater Market Overview
6.2 Global Electric Water Heater market Forecast and Analysis
6.3 Market Positioning- Top Five Players
7. Electric Water Heater Market – By Product
7.1 Overview
7.2 Electric Water Heater Market Breakdown, by Product, 2018 and 2027
7.3 Storage
7.3.1 Overview
7.3.2 Storage Market Revenue and Forecasts to 2027 (US$ Mn)
7.3.3 < 30 Litres
7.3.3.1 Overview
7.3.3.2 < 30 Litres Market Revenue and Forecasts to 2027 (US$ Mn)
7.3.4 - 100 Litres
7.3.4.1 Overview
7.3.4.2 - 100 Litres Market Revenue and Forecasts to 2027 (US$ Mn)
7.3.5 - 250 Litres
7.3.5.1 Overview
7.3.5.2 - 250 Litres Market Revenue and Forecasts to 2027 (US$ Mn)
7.3.6 - 400 Litres
7.3.6.1 Overview
7.3.6.2 - 400 Litres Market Revenue and Forecasts to 2027 (US$ Mn)
7.3.7 > 400 Litres
7.3.7.1 Overview
7.3.7.2 > 400 Litres Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 Non-Storage
7.4.1 Overview
7.4.2 Non-Storage Market Revenue and Forecasts to 2027 (US$ Mn)
8. Electric Water Heater Market – By Application
8.1 Overview
8.2 Electric Water Heater Market Breakdown, by Application, 2018 & 2027
8.3 Residential
8.3.1 Overview
8.3.2 Residential Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Commercial
8.4.1 Overview
8.4.2 Commercial Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Industrial
8.5.1 Overview
8.5.2 Industrial Market Revenue and Forecasts to 2027 (US$ Mn)
9. Global Electric Water Heater Market – Geographic Analysis
9.1 Overview
9.2 North America Electric Water Heater Market Revenue and Forecast To 2027
9.2.1 Overview
9.2.2 North America Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
9.2.3 North America Electric Water Heater Market Breakdown, By Product
9.2.4 North America Electric Water Heater Market Breakdown, By Application
9.2.5 North America Electric Water Heater Market Breakdown, By Country
9.2.5.1 US Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
9.2.5.1.1 US Electric Water Heater Market Breakdown, By Product
9.2.5.1.2 US Electric Water Heater Market Breakdown, By Storage Capacity
9.2.5.1.3 US Electric Water Heater Market Breakdown, By Application
9.2.5.2 Canada Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
9.2.5.2.1 Canada Electric Water Heater Market Breakdown, By Product
9.2.5.2.2 Canada Electric Water Heater Market Breakdown, By Storage Capacity
9.2.5.2.3 Canada Electric Water Heater Market Breakdown, By Application
9.2.5.3 Mexico Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
9.2.5.3.1 Mexico Electric Water Heater Market Breakdown, By Product
9.2.5.3.2 Mexico Electric Water Heater Market Breakdown, By Storage Capacity
9.2.5.3.3 Mexico Electric Water Heater Market Breakdown, By Application
9.3 Europe Electric Water Heater Market Revenue and Forecast To 2027
9.3.1 Overview
9.3.2 Europe Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
9.3.3 Europe Electric Water Heater Market Breakdown, By Product
9.3.4 Europe Electric Water Heater Market Breakdown, By Application
9.3.5 Europe Electric Water Heater Market Breakdown, By Country
9.3.5.1 Germany Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
9.3.5.1.1 Germany Electric Water Heater Market Breakdown, By Product
9.3.5.1.2 Germany Electric Water Heater Market Breakdown, By Storage Capacity
9.3.5.1.3 Germany Electric Water Heater Market Breakdown, By Application
9.3.5.2 UK Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
9.3.5.2.1 UK Electric Water Heater Market Breakdown, By Product
9.3.5.2.2 UK Electric Water Heater Market Breakdown, By Storage Capacity
9.3.5.2.3 UK Electric Water Heater Market Breakdown, By Application
9.3.5.3 France Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
9.3.5.3.1 France Electric Water Heater Market Breakdown, By Product
9.3.5.3.2 France Electric Water Heater Market Breakdown, By Storage Capacity
9.3.5.3.3 France Electric Water Heater Market Breakdown, By Application
9.3.5.4 Italy Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
9.3.5.4.1 Italy Electric Water Heater Market Breakdown, By Product
9.3.5.4.2 Italy Electric Water Heater Market Breakdown, By Storage Capacity
9.3.5.4.3 Italy Electric Water Heater Market Breakdown, By Application
9.3.5.5 Russia Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
9.3.5.5.1 Russia Electric Water Heater Market Breakdown, By Product
9.3.5.5.2 Russia Electric Water Heater Market Breakdown, By Storage Capacity
9.3.5.5.3 Russia Electric Water Heater Market Breakdown, By Application
9.3.5.6 Rest of Europe Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
9.3.5.6.1 Rest of Europe Electric Water Heater Market Breakdown, By Product
9.3.5.6.2 Rest of Europe Electric Water Heater Market Breakdown, By Storage Capacity
9.3.5.6.3 Rest of Europe Electric Water Heater Market Breakdown, By Application
9.4 APAC Electric Water Heater Market, Revenue and Forecast To 2027
9.4.1 Overview
9.4.2 APAC Electric Water Heater Market, Revenue and Forecast To 2027 (US$ Mn)
9.4.3 APAC Electric Water Heater Market Breakdown, By Product
9.4.4 APAC Electric Water Heater Market Breakdown, By Application
9.4.5 APAC Electric Water Heater Market Breakdown, By Country
9.4.5.1 Australia Electric Water Heater Market, Revenue and Forecast To 2027 (US$ Mn)
9.4.5.1.1 Australia Electric Water Heater Market Breakdown, By Product
9.4.5.1.2 Australia Electric Water Heater Market Breakdown, By Storage Capacity
9.4.5.1.3 Australia Electric Water Heater Market Breakdown, By Application
9.4.5.2 China Electric Water Heater Market, Revenue and Forecast To 2027 (US$ Mn)
9.4.5.2.1 China Electric Water Heater Market Breakdown, By Product
9.4.5.2.2 China Electric Water Heater Market Breakdown, By Storage Capacity
9.4.5.2.3 China Electric Water Heater Market Breakdown, By Application
9.4.5.3 Japan Electric Water Heater Market, Revenue and Forecast To 2027 (US$ Mn)
9.4.5.3.1 Japan Electric Water Heater Market Breakdown, By Product
9.4.5.3.2 Japan Electric Water Heater Market Breakdown, By Storage Capacity
9.4.5.3.3 Japan Electric Water Heater Market Breakdown, By Application
9.4.5.4 India Electric Water Heater Market, Revenue and Forecast To 2027 (US$ Mn)
9.4.5.4.1 India Electric Water Heater Market Breakdown, By Product
9.4.5.4.2 India Electric Water Heater Market Breakdown, By Storage Capacity
9.4.5.4.3 India Electric Water Heater Market Breakdown, By Application
9.4.5.5 South Korea Electric Water Heater Market, Revenue and Forecast To 2027 (US$ Mn)
9.4.5.5.1 South Korea Electric Water Heater Market Breakdown, By Product
9.4.5.5.2 South Korea Electric Water Heater Market Breakdown, By Storage Capacity
9.4.5.5.3 South Korea Electric Water Heater Market Breakdown, By Application
9.4.5.6 Rest of APAC Electric Water Heater Market, Revenue and Forecast To 2027 (US$ Mn)
9.4.5.6.1 Rest of APAC Electric Water Heater Market Breakdown, By Product
9.4.5.6.2 Rest of APAC Electric Water Heater Market Breakdown, By Storage Capacity
9.4.5.6.3 Rest of APAC Electric Water Heater Market Breakdown, By Application
9.5 MEA Electric Water Heater Market Revenue and Forecast To 2027
9.5.1 Overview
9.5.2 MEA Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
9.5.3 MEA Electric Water Heater Market Breakdown, By Product
9.5.4 MEA Electric Water Heater Market Breakdown, By Application
9.5.5 MEA Electric Water Heater Market Breakdown, By Country
9.5.5.1 UAE Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
9.5.5.1.1 UAE Electric Water Heater Market Breakdown, By Product
9.5.5.1.2 UAE Electric Water Heater Market Breakdown, By Storage Capacity
9.5.5.1.3 UAE Electric Water Heater Market Breakdown, By Application
9.5.5.2 Saudi Arabia Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
9.5.5.2.1 Saudi Arabia Electric Water Heater Market Breakdown, By Product
9.5.5.2.2 Saudi Arabia Electric Water Heater Market Breakdown, By Storage Capacity
9.5.5.2.3 Saudi Arabia Electric Water Heater Market Breakdown, By Application
9.5.5.3 South Africa Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
9.5.5.3.1 South Africa Electric Water Heater Market Breakdown, By Product
9.5.5.3.2 South Africa Electric Water Heater Market Breakdown, By Storage Capacity
9.5.5.3.3 South Africa Electric Water Heater Market Breakdown, By Application
9.5.5.4 Rest of MEA Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
9.5.5.4.1 Rest of MEA Electric Water Heater Market Breakdown, By Product
9.5.5.4.2 Rest of MEA Electric Water Heater Market Breakdown, By Storage Capacity
9.5.5.4.3 Rest of MEA Electric Water Heater Market Breakdown, By Application
9.6 SAM Electric Water Heater Market, Revenue and Forecast to 2027
9.6.1 Overview
9.6.2 SAM Electric Water Heater Market, Revenue and Forecast to 2027
9.6.3 SAM Electric Water Heater Market Breakdown, by Product
9.6.4 SAM Electric Water Heater Market Breakdown, by Application
9.6.5 SAM Electric Water Heater Market Breakdown, by Country
9.6.5.1 Brazil Electric Water Heater Market, Revenue and Forecast to 2027
9.6.5.1.1 Brazil Electric Water Heater Market Breakdown, by Product
9.6.5.1.2 Brazil Electric Water Heater Market Breakdown, by Application
9.6.5.2 Argentina Electric Water Heater Market, Revenue and Forecast to 2027
9.6.5.2.1 Argentina Electric Water Heater Market Breakdown, by Product
9.6.5.2.2 Argentina Electric Water Heater Market Breakdown, by Application
9.6.5.3 Rest of SAM Electric Water Heater Market, Revenue and Forecast to 2027
9.6.5.3.1 Rest of SAM Electric Water Heater Market Breakdown, by Product
9.6.5.3.2 Rest of SAM Electric Water Heater Market Breakdown, by Application
10. Electric Water Heater Market - Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Merger and Acquisition
10.4 New Development
11. Electric Water Heater Market - Company Profiles
11.1 A. O. Smith Corporation
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Product and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Ariston Thermo Group SpA
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Product and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Bajaj Electricals Ltd
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Product and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Bosch Group
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Product and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Bradford White Corporation (BWC)
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Product and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Haier Smart Home Co., Ltd.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Product and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Midea Group Co., Ltd.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Product and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Siemens AG
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Product and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Viessmann Werke GmbH & Co. KG
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Product and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Whirlpool Corporation
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4
11.10.5 Financial Overview
11.10.6 SWOT Analysis
11.10.7 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Global Electric Water Heater market, Revenue and Forecast to 2027 (US$ Mn)
Table 2. Global Electric Water Heater Market Revenue and Forecast To 2027, By Geography (US$ Mn)
Table 3. North America Electric Water Heater Market Revenue and Forecast To 2027 – By Product (US$ Mn)
Table 4. North America Electric Water Heater Market Revenue and Forecast To 2027 – By Storage Capacity (US$ Mn)
Table 5. North America Electric Water Heater Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 6. North America Electric Water Heater Market Revenue and Forecast To 2027 – By Country (US$ Mn)
Table 7. US Electric Water Heater Market Revenue and Forecast To 2027 – By Product (US$ Mn)
Table 8. US Electric Water Heater Market Revenue and Forecast To 2027 – By Storage Capacity (US$ Mn)
Table 9. US Electric Water Heater Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 10. Canada Electric Water Heater Market Revenue and Forecast To 2027 – By Product (US$ Mn)
Table 11. Canada Electric Water Heater Market Revenue and Forecast To 2027 – By Storage Capacity (US$ Mn)
Table 12. Canada Electric Water Heater Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 13. Mexico Electric Water Heater Market Revenue and Forecast To 2027 – By Product (US$ Mn)
Table 14. Mexico Electric Water Heater Market Revenue and Forecast To 2027 – By Storage Capacity (US$ Mn)
Table 15. Mexico Electric Water Heater Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 16. Europe Electric Water Heater Market Revenue and Forecast To 2027 – By Product (US$ Mn)
Table 17. Europe Electric Water Heater Market Revenue and Forecast To 2027 – By Storage Capacity (US$ Mn)
Table 18. Europe Electric Water Heater Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 19. Germany Electric Water Heater Market Revenue and Forecast To 2027 – By Product (US$ Mn)
Table 20. Germany Electric Water Heater Market Revenue and Forecast To 2027 – By Storage Capacity (US$ Mn)
Table 21. Germany Electric Water Heater Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 22. UK Electric Water Heater Market Revenue and Forecast To 2027 – By Product (US$ Mn)
Table 23. UK Electric Water Heater Market Revenue and Forecast To 2027 – By Storage Capacity (US$ Mn)
Table 24. UK Electric Water Heater Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 25. France Electric Water Heater Market Revenue and Forecast To 2027 – By Product (US$ Mn)
Table 26. France Electric Water Heater Market Revenue and Forecast To 2027 – By Storage Capacity (US$ Mn)
Table 27. France Electric Water Heater Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 28. Italy Electric Water Heater Market Revenue and Forecast To 2027 – By Product (US$ Mn)
Table 29. Italy Electric Water Heater Market Revenue and Forecast To 2027 – By Storage Capacity (US$ Mn)
Table 30. Italy Electric Water Heater Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 31. Russia Electric Water Heater Market Revenue and Forecast To 2027 – By Product (US$ Mn)
Table 32. Russia Electric Water Heater Market Revenue and Forecast To 2027 – By Storage Capacity (US$ Mn)
Table 33. Russia Electric Water Heater Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 34. Rest of Europe Electric Water Heater Market Revenue and Forecast To 2027 – By Product (US$ Mn)
Table 35. Rest of Europe Electric Water Heater Market Revenue and Forecast To 2027 – By Storage Capacity (US$ Mn)
Table 36. Rest of Europe Electric Water Heater Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 37. APAC Electric Water Heater Market Revenue and Forecast To 2027 – By Product (US$ Mn)
Table 38. APAC Electric Water Heater Market Revenue and Forecast To 2027 – By Storage Capacity (US$ Mn)
Table 39. APAC Electric Water Heater Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 40. Australia Electric Water Heater Market Revenue and Forecast To 2027 – By Product (US$ Mn)
Table 41. Australia Electric Water Heater Market Revenue and Forecast To 2027 – By Storage Capacity (US$ Mn)
Table 42. Australia Electric Water Heater Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 43. China Electric Water Heater Market Revenue and Forecast To 2027 – By Product (US$ Mn)
Table 44. China Electric Water Heater Market Revenue and Forecast To 2027 – By Storage Capacity (US$ Mn)
Table 45. China Electric Water Heater Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 46. Japan Electric Water Heater Market Revenue and Forecast To 2027 – By Product (US$ Mn)
Table 47. Japan Electric Water Heater Market Revenue and Forecast To 2027 – By Storage Capacity (US$ Mn)
Table 48. Japan Electric Water Heater Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 49. India Electric Water Heater Market Revenue and Forecast To 2027 – By Product (US$ Mn)
Table 50. India Electric Water Heater Market Revenue and Forecast To 2027 – By Storage Capacity (US$ Mn)
Table 51. India Electric Water Heater Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 52. South Korea Electric Water Heater Market Revenue and Forecast To 2027 – By Product (US$ Mn)
Table 53. South Korea Electric Water Heater Market Revenue and Forecast To 2027 – By Storage Capacity (US$ Mn)
Table 54. South Korea Electric Water Heater Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 55. Rest of APAC Electric Water Heater Market Revenue and Forecast To 2027 – By Product (US$ Mn)
Table 56. Rest of APAC Electric Water Heater Market Revenue and Forecast To 2027 – By Storage Capacity (US$ Mn)
Table 57. Rest of APAC Electric Water Heater Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 58. MEA Electric Water Heater Market Revenue and Forecast To 2027 – By Product (US$ Mn)
Table 59. MEA Electric Water Heater Market Revenue and Forecast To 2027 – By Storage Capacity (US$ Mn)
Table 60. MEA Electric Water Heater Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 61. UAE Electric Water Heater Market Revenue and Forecast To 2027 – By Product (US$ Mn)
Table 62. UAE Electric Water Heater Market Revenue and Forecast To 2027 – By Storage Capacity (US$ Mn)
Table 63. UAE Electric Water Heater Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 64. Saudi Arabia Electric Water Heater Market Revenue and Forecast To 2027 – By Product (US$ Mn)
Table 65. Saudi Arabia Electric Water Heater Market Revenue and Forecast To 2027 – By Storage Capacity (US$ Mn)
Table 66. Saudi Arabia Electric Water Heater Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 67. South Africa Electric Water Heater Market Revenue and Forecast To 2027 – By Product (US$ Mn)
Table 68. South Africa Electric Water Heater Market Revenue and Forecast To 2027 – By Storage Capacity (US$ Mn)
Table 69. South Africa Electric Water Heater Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 70. Rest of MEA Electric Water Heater Market Revenue and Forecast To 2027 – By Product (US$ Mn)
Table 71. Rest of MEA Electric Water Heater Market Revenue and Forecast To 2027 – By Storage Capacity (US$ Mn)
Table 72. Rest of MEA Electric Water Heater Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 73. SAM Electric Water Heater Market, Revenue and Forecast to 2027 – By Product (US$ Mn)
Table 74. SAM Electric Water Heater Market, Revenue and Forecast to 2027 – By Storage Capacity (US$ Mn)
Table 75. SAM Electric Water Heater Market, Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 76. Brazil Electric Water Heater Market, Revenue and Forecast to 2027 – By Product (US$ Mn)
Table 77. Brazil Electric Water Heater Market, Revenue and Forecast to 2027 – By Storage Capacity (US$ Mn)
Table 78. Brazil Electric Water Heater Market, Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 79. Argentina Electric Water Heater Market, Revenue and Forecast to 2027 – By Product (US$ Mn)
Table 80. Argentina Electric Water Heater Market, Revenue and Forecast to 2027 – By Storage Capacity (US$ Mn)
Table 81. Argentina Electric Water Heater Market, Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 82. Rest of SAM Electric Water Heater Market, Revenue and Forecast to 2027 – By Product (US$ Mn)
Table 83. Rest of SAM Electric Water Heater Market, Revenue and Forecast to 2027 – By Storage Capacity (US$ Mn)
Table 84. Rest of SAM Electric Water Heater Market, Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 85. Glossary of Term: Electric Water Heater Market
LIST OF FIGURES
Figure 1. Electric Water Heater Market Segmentation
Figure 2. Electric Water Heater Market Segmentation - Geography
Figure 3. Electric Water Heater Market, by Application
Figure 4. Electric Water Heater Market, by Geography
Figure 5. Electric Water Heater Market Overview
Figure 6. Electric Water Heater Market : Competition Landscape
Figure 7. North America – PEST Analysis
Figure 8. Europe PEST Analysis
Figure 9. APAC PEST Analysis
Figure 10. Middle East & Africa PEST Analysis
Figure 11. South America PEST Analysis
Figure 12. Electric Water Heater Market Ecosystem Analysis
Figure 13. North America Urban Population Percentage by Countries, 2018
Figure 14. Europe Urban Population Percentage by Countries, 2018
Figure 15. Asia Pacific Urban Population Percentage by Countries, 2018
Figure 16. Middle East and Africa Urban Population Percentage by Countries, 2018
Figure 17. South America Urban Population Percentage by Countries, 2018
Figure 18. Electric Water Heater Market Impact Analysis of Drivers and Restraints
Figure 19. Global Electric Water Heater Market- Geographical Analysis
Figure 20. Global Electric Water Heater market Forecast and Analysis, (US$ Mn)
Figure 21. Electric Water Heater Market Breakdown, by Product, 2018 and 2027 (%)
Figure 22. Storage Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 23. < 30 Liters Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 24. - 100 Litres Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 25. - 250 Litres Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 26. - 400 Litres Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 27. > 400 Litres Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 28. Non-Storage Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 29. Electric Water Heater Market Breakdown, by Application, 2018 & 2027 (%)
Figure 30. Residential Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 31. Commercial Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 32. Industrial Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 33. Global Electric Water Heater Market Breakdown, By Region, 2018 and 2027 (%)
Figure 34. North America Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
Figure 35. North America Electric Water Heater Market Breakdown, By Product, 2018 and 2027 (%)
Figure 36. North America Electric Water Heater Market Breakdown, By Application, 2018 and 2027 (%)
Figure 37. North America Electric Water Heater Market Breakdown, By Country, 2018 and 2027(%)
Figure 38. US Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
Figure 39. Canada Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
Figure 40. Mexico Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
Figure 41. Europe Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
Figure 42. Europe Electric Water Heater Market Breakdown, By Product, 2018 and 2027 (%)
Figure 43. Europe Electric Water Heater Market Breakdown, By Application, 2018 and 2027 (%)
Figure 44. Europe Electric Water Heater Market Breakdown, By Country, 2018 & 2027(%)
Figure 45. Germany Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
Figure 46. UK Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
Figure 47. France Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
Figure 48. Italy Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
Figure 49. Russia Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
Figure 50. Rest of Europe Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
Figure 51. APAC Electric Water Heater Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 52. APAC Electric Water Heater Market Breakdown, By Product, 2018 and 2027 (%)
Figure 53. APAC Electric Water Heater Market Breakdown, By Application, 2018 and 2027 (%)
Figure 54. APAC Electric Water Heater Market Breakdown, By Country, 2018 & 2027(%)
Figure 55. Australia Electric Water Heater Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 56. China Electric Water Heater Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 57. Japan Electric Water Heater Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 58. India Electric Water Heater Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 59. South Korea Electric Water Heater Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 60. Rest of APAC Electric Water Heater Market, Revenue and Forecast To 2027 (US$ Mn)
Figure 61. MEA Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
Figure 62. MEA Electric Water Heater Market Breakdown, By Product, 2018 and 2027 (%)
Figure 63. MEA Electric Water Heater Market Breakdown, By Application, 2018 and 2027 (%)
Figure 64. MEA Electric Water Heater Market Breakdown, By Country, 2018 & 2027(%)
Figure 65. UAE Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
Figure 66. Saudi Arabia Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
Figure 67. South Africa Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
Figure 68. Rest of MEA Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
Figure 69. SAM Electric Water Heater Market, Revenue and Forecast, 2018–2027 (US$ Mn)
Figure 70. SAM Electric Water Heater Market Breakdown, by Product, 2018 & 2027 (% Share)
Figure 71. SAM Electric Water Heater Market Breakdown, by Application, 2018 & 2027 (% Share)
Figure 72. SAM Electric Water Heater Market Breakdown, by Country, 2018 & 2027 (% Share)
Figure 73. Brazil Electric Water Heater Market, Revenue and Forecast, 2018–2027 (US$ Mn)
Figure 74. Argentina Electric Water Heater Market, Revenue and Forecast, 2018–2027 (US$ Mn)
Figure 75. Rest of SAM Electric Water Heater Market, Revenue and Forecast, 2018–2027 (US$ Mn)
The List of Companies
- AO Smith Corporation
- Ariston Thermo S.p.A
- Bajaj Electricals Ltd.
- Bradford White Corp.
- Whirlpool Corporation
- Haier Inc.
- Midea Group
- Bosch Thermotechnology
- Siemens AG
- Viesmann Group
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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