A report on the Water Heater Market has been recently published by Stratview Research. This Market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the Water Heater Market. The historic years considered for the study are 2015-2020 the base year is 2021, and the forecast period is 2021-2026.

The study includes an in-depth analysis of type, application, and regional segments. It also includes a Market channel, distribution, and customer analysis, industry cost analysis, Market analysis by application, production, revenue, and price trend analysis by type, production and consumption analysis by region, and various other Market studies.

Market Analysis

Water heater market is likely to witness a healthy CAGR of 4.3% during the forecast period. The prime factor contributing to the demand for water heaters is the growing residential and commercial construction market.

The water heater market is segmented by Capacity Type (<30 liters, 30-100 liters, 100-250 liters, 250-400 liters, and >400 liters), by Product Type (Instant, Storage), by Fuel Type (Electric, Gas), by Application Type (Residential, Commercial), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

This report also focuses on the short- and long-term implications of the novel Coronavirus pandemic on Water Heater Market at the global, and regional dimensions. To evaluate the percentage of loss or profit to the industry, the report also compares pre-COVID and post-COVID scenarios.

Report Features

The report delivers a detailed view of the industry based on Water Heater Market size, Market growth, and opportunities. The report also analyses Market key aspects such as-

–           Market structure: Overview, industry life cycle analysis, supply chain analysis

–           Covid-19 Impact analysis.

–           Market environment analysis: Growth drivers and constraints, and SWOT analysis.

–           Market trend and forecast analysis.

–           Market segment trend and forecast.

–           Competitive landscape and dynamics: Market share, product launches, etc.

–           Attractive Market segments and associated growth opportunities.

–           Emerging trends.

–           Strategic growth opportunities for the existing and new players.

The research provides in-depth analysis of the important elements that drive Market growth, including growth potential, opportunities, current Market trends, industry-specific obstacles, and dangers.

Key Segments Water Heater Market Report Covers:

Based on the capacity type, the market is segmented as <30 liters, 30-100 liters, 100-250 liters, 250-400 liters, and >400 liters. The 30-100 liters segment is expected to maintain its dominance over the forecast period, owing to the high demand from residential as well as commercial establishments, such as hotels, shopping complexes, theatres, and government institutions.

Based on the product type, the market is segmented as instant and storage. The storage segment accounted for the larger share of the market in 2019, and is expected to maintain its command, bolstered by its high energy conversion potential and low maintenance, during the forecast period.

Based on the fuel type, the market is segmented as electric and gas. The electric segment captured the larger share of the market in 2019, and is expected to lead the market, supported by growing accessibility to electricity, especially in the Asia-Pacific and African economies, over the forecast period.

Based on the application type, the market is segmented as residential and commercial. The residential segment held the larger share of the pie in 2019, and is likely to remain the vanguard, during the forecast period. The segment’s growth is attributed to the growing residential construction activities across the globe coupled with increasing disposable income.

In terms of regions, Asia-Pacific is estimated to be the largest market for water heaters during the forecast period. The region’s market growth is due to increasing electrification, expanding piped gas network, rapid residential and commercial constructions, and growing disposable income of the population. China and India are the growth engines of the region. North America and Europe are also expected to offer promising growth opportunities during the forecast period.

According to the report, brands or companies that are leading globally in this Market are –

  • Robert Bosch LLC
  • Ariston Thermo SpA
  • Rheem Manufacturing Company
  • Rinnai Corporation
  • Bradford White Corporation
  • NORITZ Corporation
  • Whirlpool Corporation
  • Haier Inc.
  • Lennox International Inc.

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