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


Global water heater Industry valued approximately USD 34.7 billion in 2016 is expected to grow by CAGR 5.3% over the forecast period 2019-2025. Rising real estate development along with the increasing demand from commercial places are the major driving factors which are anticipated to fuel the Industry growth. Moreover, increasing demand for tankless water heaters in point of use applications is also likely to fuel the Industry growth over the forecast period.

Water heaters consume significant amount of electricity and hence manufacturers try to develop water heaters with higher efficiency. One of the newest development is hybrid heating technology, which can save up to 40% of electricity consumption. The global water heater Industry report is segmented upon energy source, storage type, end use and regions.

Water Heater Industry Share and Size by 2019-2025
Retail & Consumer
Water Heater Market Segmentation:
By Energy Source:
* Electric
* Gas

By Storage Type:
* Tank
* Tankless / Instantaneous

By End-Use
* Commercial
* Residential

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

Major Market Players in Water Heater Market are as follows:
A.O. Smith Corporation
American Tankless Water Heater
Ariston Therm - SpA
Havells India Ltd.
Rheem Manufacturing
Eemax Tankless Water Heaters

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