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Electric Water Heater Market Size Estimates and Forecasts, by Storage Type (Tank and Tankless/Instantaneous), by End-Use (Residential and Commercial) - Global opportunity Analysis and Industry Forecast 2019-2025

Description

Global electric water heater Industry was valued approximately USD 15.08 billion in 2016 and is anticipated to grow with 5.9% compound annual growth rate over the forecast period. Electric water heaters are largely installed for household applications such as cooking, washing, bathing, laundry and washing purposes. All the residential applications accounted more than 85% of the total Industry share in 2016. In a broader scenario, residential sector has been matured in terms of demand & installations, however, commercial places such as hospitals, hotels, restaurants, shopping malls, and public places are likely to spur huge demand over the coming years. This increase in demand from commercial sector is attributed to the factors such as real estate development, development of tankless water heaters, increasing disposable income, and change in preference towards the superior quality of life.

Furthermore, recent technological developments such as hybrid water heaters and air to heat technology are also likely to fuel the demand over the coming eight years. The Industry has been broadly segmented into storage type, end use and regions.

Electric Water Heater Industry Share and Size by 2019-2025
Semiconductor & Electronics
Electric Water Heater Market Segmentation:
By Storage Type:
* Tank
* Tankless / Instantaneous

By End-Use
* Commercial
* Residential

By Region
* North America
- USA
- Canada
* Europe
- Germany
- U.K.
- France
- Italy
- Rest of Europe
* APAC
- China
- India
- Japan
- Rest of Asia-Pacific
* RoW
- Latin America
- Middle East & Africa

Major Market Players in Electric Water Heater Market are as follows:
American Electric Water Heater
Ariston Therm - SpA
Haier Group
Havells India Ltd.
Kenmore
Rheem Manufacturing
HTP, Inc.
Whirlpool
Eemax Water Heaters

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