Water Heaters Global Market Report 2025

Water Heaters Global Market Report 2025 – By Product Type (Solar Heaters, Electric Heaters, Gas and Propane Heaters, Geothermal Heaters), By Distribution channel (Supermarket/Hypermarket, Specialty Stores, E-Commerce, Other Distribution Channels), By End User (Residential, Commercial, Industrial) – Market Size, Trends, And Global Forecast 2025-2034

Name: Water Heaters Global Market Report 2025
Creator: The Business Research Company
License: https://www.thebusinessresearchcompany.com/privacy-policy

Water Heaters Global Market Report 2025

Report Price : $4490.00 | Pages : 175 | Published : January 2025 | Delivery Time: 2-3 business days | Format : pdf

Purchase Options

Request a Sample

Request For Discount

Customise Your Report

Item added to cart!

Request For Proposal

Request For Regional Data

FAQs

Need assistance or more information before the purchase?

Enquire Before Buying

Proud Members Of

Water Heaters Market Definition

Water heaters are appliances designed to heat and typically store hot water for various domestic uses, operating on different energy sources like gas, electricity, oil, or solar energy, and are essential for daily activities such as bathing and cooking while also benefiting from advancements in technology that promote energy efficiency and reduce environmental impact.

The main product types of water heaters are into Solar Heaters, electric heaters, gas and propane heaters and geothermal heaters. A geothermal water heater is a component of a larger geothermal heat pump system that provides heated and cooled air to a home. A geothermal heat pump works by circulating a water and antifreeze mixture through a series of loops buried in the ground. The water heaters are distributed through supermarket/hypermarket, specialty stores, E-Commerce and other distribution channels and are used by into residential, commercial and industrial end-users.

Water Heaters Market Segmentation

The water heaters market covered in this report is segmented –

1) By Product Type: Solar Heaters, Electric Heaters, Gas and Propane Heaters, Geothermal Heaters

2) By Distribution channel: Supermarket/Hypermarket, Specialty Stores, E-Commerce, Other Distribution Channels

3) By End User: Residential, Commercial, Industrial

Subsegments:

1) By Solar Heaters: Active Solar Water Heating Systems, Passive Solar Water Heating Systems, Solar Pool Heaters

2) By Electric Heaters: Tank Electric Water Heaters, Tankless Electric Water Heaters, Heat Pump Water Heaters

3) By Gas And Propane Heaters: Tank Gas Water Heaters, Tankless Gas Water Heaters, Condensing Gas Water Heaters

4) By Geothermal Heaters: Ground Source Heat Pumps, Water Source Heat Pumps, Direct Exchange Systems

Water Heaters Market Size and growth rate 2025 to 2029: Graph

Water Heaters Market Size 2025 And Growth Rate

The water heaters market size has grown strongly in recent years. It will grow from $64.74 billion in 2024 to $70.48 billion in 2025 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to rise in disposable income, high investments, adaption of the internet of things (IoT) and new product launches along with advanced features.

Water Heaters Market Growth Forecast

The water heaters market size is expected to see strong growth in the next few years. It will grow to $96.03 billion in 2029 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to increased internet penetration, a rise in merger and acquisition activity and growing demand for instant heating units. Major trends in the forecast period include offering smart water heaters to protect the energy and increase the efficiency of the water heater, focus on bringing more advancements in hybrid water heaters or systems, to meet the rising demand and to increase their revenue, companies should consider helping in the development of technologies for improving performance, to switch the power load on the grid, by detecting the temperature, invest in the introduction of energy efficient technologies in water heaters to reduce the overall consumption of energy during the water treatment heating process, consider government associations to maintain their renewable energy and for decarbonization purposes and players in the market should consider appealing to technology investments and associations to develop the market presence.

Book your 30 minutes free consultation with our research experts

Water Heaters Market Driver: Urbanization-Driven Expansion Driving The Water Heaters Market

Rapid Urbanization is expected to contribute to the growth of the water heaters market in the forecast period. For instance, in January 2024, according to the Independent Commission for Aid Impact (ICAI), a UK-based information and services platform, by 2050, over two-thirds (approximately 67%) of the global population is projected to live in urban areas. Additionally, in April 2023, according to data published by the World Bank, a US-based international financial institution that provides loans and grants to the governments of low- and middle-income countries, 56% of the world’s population or 4.4 billion inhabitants lived in urban areas in 2023, and this number is expected to more than double its current size by 2050. The growth in the urban population coupled with the rise in disposable incomes and affordability among residents of cities will drive the demand for water heaters market. Therefore, rapid urbanization is driving the water heaters market.

Water Heaters Market Driver: Energy Efficiency Driving Growth In The Water Heaters Market

Increasing need of reducing energy consumption is expected to drive the growth of the water heaters market going forward. Reducing energy consumption is imperative to combat climate change, conserve natural resources, lower energy costs, enhance energy security, and minimize environmental pollution, promoting a sustainable and resilient future. Energy-efficient water heaters reduce energy consumption, lower utility bills, and decrease greenhouse gas emissions, promoting cost savings and environmental sustainability while providing hot water for various needs. For instance, in May 2023, according to US Energy Information Administration, a US-based independent statistics analysis organization, the US residential electricity bills increased 5% in 2022, rising from $121 a month to $137 a month. The rise can be attributed to a dual impact: heightened U.S. electricity usage due to extreme temperature fluctuations, encompassing both heating and cooling, and increased fuel expenses for power generation, consequently raising retail electricity rates. Therefore, rise in need of reducing energy consumption will continue to propel the growth of the water heaters market in the forecast period.

Global Water Heaters Market Major Players

Major companies operating in the water heaters market include A. O. Smith Corporation, Rinnai Corporation, Vaillant Group, Ariston Thermo Group, Rheem Manufacturing Company, Viessmann Group, Haier Smart Home Co., Ltd., Bradford White Corporation, Robert Bosch GmbH, Bajaj Electricals Ltd, Crompton Greaves Consumer Electricals Ltd., Havells India Ltd., Taian Haoli Solar Energy Technology Co., Ltd., AquaWorld Group Co., Ltd., Changzhou XNE Technology Co., Ltd., Guangdong PHNIX Eco-Energy Solution Ltd., Siemens AG, Stiebel Eltron International GmbH, Telford Copper & Stainless Cylinders, Hamworthy Heating, Sun Ray, PBS Power Equipment, s.r.o., Enerstena Group, Petrojet Trade s.r.o., Druzstevni zavody Drazice company, Noritz Corporation, General Electric (GE), ATMOR, Kyungdong Navien Co.,Ltd., Viesmann Group, Whirlpool Corporation, Alfa Laval, Carrier Corporation, Apen Group, State Industries, American Water Heaters, EcoSmart US, Goodman, ABRAVA- DASOL, Aquecedor Solar Transsen Ltda., Br Solar, IEM – Intercambio Eletro Mecanico Ltda., Dana Water Heaters and Coolers Factory LLC, Al Khatib Electrical Water Heater Factory, Pure Blue International LLC, Solar Ray, Genersys South Africa, GoSolar CC, ITS Solar, Kwikot (Pty) Ltd.

Global Water Heaters Market Trend: Introduction Of Energy-Efficient Products

Water heater manufacturers are increasingly producing energy-efficient products to reduce carbon footprint and enable energy savings for the consumers. The rise of energy-efficient appliances can be attributed to the stringent government regulations on electric home appliances and advances in technology. Energy efficient appliances are designed to utilize minimum energy to complete the required task. Currently, over 80 countries have standards and labels for energy efficient appliances. For example, in the USA, an energy star certified water heater saves $3500 over its lifetime.

Global Water Heaters Market Trend: Innovative Offerings For Market Competitiveness

Major companies operating in the water heater market are introducing advanced technologies such as Otto and Orizzonte range of storage water heaters to gain a competitive edge in the market. The Otto and Orizzonte offers unique design, space saving, and water control features. For instance, in December 2022, Havells, an India-based manufacturer of several fast-moving consumer goods, launched Otto and Orizzonte storage waters. The Otto water heater features an exclusive circular design with a customizable temperature setting knob and a color-shifting LED indicator transitioning from blue to amber during heating. In contrast, the Orizzonte model is a compact AC type digital water heater designed for limited ceiling heights. It includes a digital temperature display, energy-saving mode, a user-friendly touch control panel, and a wireless remote controller, along with a timer mode for precise heating duration settings.

Water Heaters Market Merger And Acquisition: Carrier Global Corporation Acquired Viessmann Climate Solutions To Enhance Sustainable Energy Solutions Portfolio

In January 2024, Carrier Global Corporation, a US-based company, that designs and manufactures HVAC systems acquired Viessmann Climate Solutions for an undisclosed amount. With this acquisition, Carrier Global Corporation aims to strengthen its portfolio of sustainable climate solutions, addressing the increasing emphasis on renewable energy and energy transition. Viessmann Climate Solutions, a Germany-based manufacturer of heating and refrigeration systems including water heater.

Regional Outlook For The Global Water Heaters Market

Asia-Pacific was the largest region in the water heaters market in 2024. Western Europe was the second-largest region in the global water heaters market share. The regions covered in the water heaters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the water heaters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain

What Defines the Water Heaters Market?

The water heaters market consists of sales of solar water heaters, electric water heaters, geothermal water heaters, and other water heaters. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Water Heaters Industry?

The water heaters market research report is one of a series of new reports from The Business Research Company that provides water heaters market statistics, including water heaters industry global market size, regional shares, competitors with a water heaters market share, detailed water heaters market segments, market trends and opportunities, and any further data you may need to thrive in the water heaters industry. This water heaters market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Water Heaters Market Report Forecast Analysis

Report Attribute	Details
Market Size Value In 2025	$70.48 billion
Revenue Forecast In 2034	$96.03 billion
Growth Rate	CAGR of 8.0% from 2024 to 2033
Base Year For Estimation	2024
Actual Estimates/Historical Data	2019-2024
Forecast Period	2025 - 2029 - 2034
Market Representation	Revenue in USD Billion and CAGR from 2025 to 2034
Segments Covered	1) By Product Type: Solar Heaters, Electric Heaters, Gas and Propane Heaters, Geothermal Heaters 2) By Distribution channel: Supermarket/Hypermarket, Specialty Stores, E-Commerce, Other Distribution Channels 3) By End User: Residential, Commercial, Industrial Subsegments: 1) By Solar Heaters: Active Solar Water Heating Systems, Passive Solar Water Heating Systems, Solar Pool Heaters 2) By Electric Heaters: Tank Electric Water Heaters, Tankless Electric Water Heaters, Heat Pump Water Heaters 3) By Gas And Propane Heaters: Tank Gas Water Heaters, Tankless Gas Water Heaters, Condensing Gas Water Heaters 4) By Geothermal Heaters: Ground Source Heat Pumps, Water Source Heat Pumps, Direct Exchange Systems
Regional Scope	Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	A. O. Smith Corporation, Rinnai Corporation, Vaillant Group, Ariston Thermo Group, Rheem Manufacturing Company, Viessmann Group, Haier Smart Home Co., Ltd., Bradford White Corporation, Robert Bosch GmbH, Bajaj Electricals Ltd, Crompton Greaves Consumer Electricals Ltd., Havells India Ltd., Taian Haoli Solar Energy Technology Co., Ltd., AquaWorld Group Co., Ltd., Changzhou XNE Technology Co., Ltd., Guangdong PHNIX Eco-Energy Solution Ltd., Siemens AG, Stiebel Eltron International GmbH, Telford Copper & Stainless Cylinders, Hamworthy Heating, Sun Ray, PBS Power Equipment, s.r.o., Enerstena Group, Petrojet Trade s.r.o., Druzstevni zavody Drazice company, Noritz Corporation, General Electric (GE), ATMOR, Kyungdong Navien Co.,Ltd., Viesmann Group, Whirlpool Corporation, Alfa Laval, Carrier Corporation, Apen Group, State Industries, American Water Heaters, EcoSmart US, Goodman, ABRAVA- DASOL, Aquecedor Solar Transsen Ltda., Br Solar, IEM – Intercambio Eletro Mecanico Ltda., Dana Water Heaters and Coolers Factory LLC, Al Khatib Electrical Water Heater Factory, Pure Blue International LLC, Solar Ray, Genersys South Africa, GoSolar CC, ITS Solar, Kwikot (Pty) Ltd.
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Water Heaters Market Characteristics

3. Water Heaters Market Trends And Strategies

4. Water Heaters Market - Macro Economic Scenario including the impact of Interest Rates, Inflation, Geopolitics and Covid And Recovery on the Market

5. Global Water Heaters Growth Analysis And Strategic Analysis Framework

5.1. Global Water Heaters PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

5.2. Analysis Of End Use Industries

5.3. Global Water Heaters Market Growth Rate Analysis

5.4. Global Water Heaters Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

5.5. Global Water Heaters Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

5.6. Global Water Heaters Total Addressable Market (TAM)

6. Water Heaters Market Segmentation

6.1. Global Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Solar Heaters

Electric Heaters

Gas and Propane Heaters

Geothermal Heaters

6.2. Global Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Supermarket/Hypermarket

Specialty Stores

E-Commerce

Other Distribution Channels

6.3. Global Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Residential

Commercial

Industrial

6.4. Global Water Heaters Market, Sub-Segmentation Of Solar Heaters, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Active Solar Water Heating Systems

Passive Solar Water Heating Systems

Solar Pool Heaters

6.5. Global Water Heaters Market, Sub-Segmentation Of Electric Heaters, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Tank Electric Water Heaters

Tankless Electric Water Heaters

Heat Pump Water Heaters

6.6. Global Water Heaters Market, Sub-Segmentation Of Gas And Propane Heaters, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Tank Gas Water Heaters

Tankless Gas Water Heaters

Condensing Gas Water Heaters

6.7. Global Water Heaters Market, Sub-Segmentation Of Geothermal Heaters, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Ground Source Heat Pumps

Water Source Heat Pumps

Direct Exchange Systems

7. Water Heaters Market Regional And Country Analysis

7.1. Global Water Heaters Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

7.2. Global Water Heaters Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Water Heaters Market

8.1. Asia-Pacific Water Heaters Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.3. Asia-Pacific Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.4. Asia-Pacific Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Water Heaters Market

9.1. China Water Heaters Market Overview

9.2. China Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.3. China Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.4. China Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Water Heaters Market

10.1. India Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.2. India Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.3. India Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Water Heaters Market

11.1. Japan Water Heaters Market Overview

11.2. Japan Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.3. Japan Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.4. Japan Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Water Heaters Market

12.1. Australia Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.2. Australia Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.3. Australia Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Water Heaters Market

13.1. Indonesia Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.2. Indonesia Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.3. Indonesia Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Water Heaters Market

14.1. South Korea Water Heaters Market Overview

14.2. South Korea Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.3. South Korea Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.4. South Korea Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Water Heaters Market

15.1. Western Europe Water Heaters Market Overview

15.2. Western Europe Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.3. Western Europe Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.4. Western Europe Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Water Heaters Market

16.1. UK Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.2. UK Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.3. UK Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Water Heaters Market

17.1. Germany Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.2. Germany Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.3. Germany Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Water Heaters Market

18.1. France Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.2. France Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.3. France Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Water Heaters Market

19.1. Italy Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.2. Italy Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.3. Italy Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Water Heaters Market

20.1. Spain Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.2. Spain Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.3. Spain Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Water Heaters Market

21.1. Eastern Europe Water Heaters Market Overview

21.2. Eastern Europe Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.3. Eastern Europe Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.4. Eastern Europe Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Water Heaters Market

22.1. Russia Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.2. Russia Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.3. Russia Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Water Heaters Market

23.1. North America Water Heaters Market Overview

23.2. North America Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.3. North America Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.4. North America Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Water Heaters Market

24.1. USA Water Heaters Market Overview

24.2. USA Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.3. USA Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.4. USA Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Water Heaters Market

25.1. Canada Water Heaters Market Overview

25.2. Canada Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.3. Canada Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.4. Canada Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Water Heaters Market

26.1. South America Water Heaters Market Overview

26.2. South America Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.3. South America Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.4. South America Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Water Heaters Market

27.1. Brazil Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.2. Brazil Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.3. Brazil Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Water Heaters Market

28.1. Middle East Water Heaters Market Overview

28.2. Middle East Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.3. Middle East Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.4. Middle East Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Water Heaters Market

29.1. Africa Water Heaters Market Overview

29.2. Africa Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.3. Africa Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.4. Africa Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Water Heaters Market Competitive Landscape And Company Profiles

30.1. Water Heaters Market Competitive Landscape

30.2. Water Heaters Market Company Profiles

30.2.1. A. O. Smith Corporation Overview, Products and Services, Strategy and Financial Analysis

30.2.2. Rinnai Corporation Overview, Products and Services, Strategy and Financial Analysis

30.2.3. Vaillant Group Overview, Products and Services, Strategy and Financial Analysis

30.2.4. Ariston Thermo Group Overview, Products and Services, Strategy and Financial Analysis

30.2.5. Rheem Manufacturing Company Overview, Products and Services, Strategy and Financial Analysis

31. Water Heaters Market Other Major And Innovative Companies

31.1. Viessmann Group

31.2. Haier Smart Home Co., Ltd.

31.3. Bradford White Corporation

31.4. Robert Bosch GmbH

31.5. Bajaj Electricals Ltd

31.6. Crompton Greaves Consumer Electricals Ltd.

31.7. Havells India Ltd.

31.8. Taian Haoli Solar Energy Technology Co., Ltd.

31.9. AquaWorld Group Co., Ltd.

31.10. Changzhou XNE Technology Co., Ltd.

31.11. Guangdong PHNIX Eco-Energy Solution Ltd.

31.12. Siemens AG

31.13. Stiebel Eltron International GmbH

31.14. Telford Copper & Stainless Cylinders

31.15. Hamworthy Heating

32. Global Water Heaters Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Water Heaters Market

34. Recent Developments In The Water Heaters Market

35. Water Heaters Market High Potential Countries, Segments and Strategies

35.1 Water Heaters Market In 2029 - Countries Offering Most New Opportunities

35.2 Water Heaters Market In 2029 - Segments Offering Most New Opportunities

35.3 Water Heaters Market In 2029 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2019-2024, $ Billion

Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion

Table 3: Global Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 4: Global Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 5: Global Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 6: Global Water Heaters Market, Sub-Segmentation Of Solar Heaters, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 7: Global Water Heaters Market, Sub-Segmentation Of Electric Heaters, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 8: Global Water Heaters Market, Sub-Segmentation Of Gas And Propane Heaters, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 9: Global Water Heaters Market, Sub-Segmentation Of Geothermal Heaters, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 10: Global Water Heaters Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 11: Global Water Heaters Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 12: Asia-Pacific, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 13: Asia-Pacific, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 14: Asia-Pacific, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 15: China, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 16: China, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 17: China, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 18: India, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 19: India, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 20: India, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 21: Japan, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 22: Japan, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 23: Japan, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 24: Australia, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 25: Australia, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 26: Australia, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 27: Indonesia, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 28: Indonesia, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 29: Indonesia, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 30: South Korea, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 31: South Korea, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 32: South Korea, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 33: Western Europe, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 34: Western Europe, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 35: Western Europe, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 36: UK, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 37: UK, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 38: UK, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 39: Germany, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 40: Germany, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 41: Germany, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 42: France, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 43: France, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 44: France, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 45: Italy, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 46: Italy, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 47: Italy, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 48: Spain, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 49: Spain, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 50: Spain, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 51: Eastern Europe, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 52: Eastern Europe, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 53: Eastern Europe, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 54: Russia, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 55: Russia, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 56: Russia, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 57: North America, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 58: North America, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 59: North America, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 60: USA, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 61: USA, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 62: USA, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 63: Canada, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 64: Canada, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 65: Canada, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 66: South America, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 67: South America, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 68: South America, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 69: Brazil, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 70: Brazil, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 71: Brazil, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 72: Middle East, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 73: Middle East, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 74: Middle East, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 75: Africa, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 76: Africa, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 77: Africa, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 78: A. O. Smith Corporation Financial Performance

Table 79: Rinnai Corporation Financial Performance

Table 80: Vaillant Group Financial Performance

Table 81: Ariston Thermo Group Financial Performance

Table 82: Rheem Manufacturing Company Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2019-2024, $ Billion

Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion

Figure 3: Global Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 4: Global Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 5: Global Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 6: Global Water Heaters Market, Sub-Segmentation Of Solar Heaters, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 7: Global Water Heaters Market, Sub-Segmentation Of Electric Heaters, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 8: Global Water Heaters Market, Sub-Segmentation Of Gas And Propane Heaters, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 9: Global Water Heaters Market, Sub-Segmentation Of Geothermal Heaters, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 10: Global Water Heaters Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 11: Global Water Heaters Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 12: Asia-Pacific, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 13: Asia-Pacific, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 14: Asia-Pacific, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 15: China, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 16: China, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 17: China, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 18: India, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 19: India, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 20: India, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 21: Japan, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 22: Japan, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 23: Japan, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 24: Australia, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 25: Australia, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 26: Australia, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 27: Indonesia, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 28: Indonesia, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 29: Indonesia, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 30: South Korea, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 31: South Korea, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 32: South Korea, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 33: Western Europe, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 34: Western Europe, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 35: Western Europe, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 36: UK, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 37: UK, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 38: UK, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 39: Germany, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 40: Germany, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 41: Germany, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 42: France, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 43: France, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 44: France, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 45: Italy, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 46: Italy, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 47: Italy, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 48: Spain, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 49: Spain, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 50: Spain, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 51: Eastern Europe, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 52: Eastern Europe, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 53: Eastern Europe, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 54: Russia, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 55: Russia, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 56: Russia, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 57: North America, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 58: North America, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 59: North America, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 60: USA, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 61: USA, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 62: USA, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 63: Canada, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 64: Canada, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 65: Canada, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 66: South America, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 67: South America, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 68: South America, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 69: Brazil, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 70: Brazil, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 71: Brazil, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 72: Middle East, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 73: Middle East, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 74: Middle East, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 75: Africa, Water Heaters Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 76: Africa, Water Heaters Market, Segmentation By Distribution channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 77: Africa, Water Heaters Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 78: A. O. Smith Corporation Financial Performance

Figure 79: Rinnai Corporation Financial Performance

Figure 80: Vaillant Group Financial Performance

Figure 81: Ariston Thermo Group Financial Performance

Figure 82: Rheem Manufacturing Company Financial Performance

Opportunities And Strategies Analysis For The General Lighting Market – Includes General Lighting Market Segments

Forecasting till 2030: Opportunities And Strategies In The Global Helium Market – Includes Global Helium Market Trends

Forecasting Till 2030: Opportunities And Strategies In The Global Smart Lighting Market – Includes Smart Lighting Market Share

Global Electrical Equipment Market Opportunities And Strategies – Forecast To 2030 – Includes Electrical Equipment Market Overview

The Business Research Company offers the tape storage market research report 2022 with industry size, share, segments and market growth

The Business Research Company offers the portable media player market research report 2022 with industry size, share, segments and market growth

The Business Research Company offers the artificial intelligence chip market research report 2022 with industry size, share, segments and market growth

Nuclear Electric Power Generation Global Market Report 2020 - By Reactor Type (Pressurized Water Reactors (PWR), Fast Breeder Reactor (FBR), Pressurized Heavy-Water Reactor (PHWR), Boiling Water Reactor (BWR), Light Water Graphite Reactor (LWGR), Gas-Cooled Reactor (GCR)), By End-User (Residential, Commercial, Industrial)

View Report

Totalizing Fluid Meter And Counting Device Global Market Report 2025 – By Type (Differential Pressure Flow Meters, Positive Displacement Flow Meters, Velocity Flow Meters, Mass Flow Meters, Open Channel Meters), By Application (On Shore and Off Shore), By End-Use Industry (Water & Waste Water, Refining & Petrochemicals, Oil & Gas, Chemicals, Power Generation, Pulp & Paper, Metals & Mining ) – Market Size, Trends, And Global Forecast 2025-2034

View Report

Retail Global Market Report 2025 – By Type (Motor Vehicle And Parts Dealers, Food And Beverage Stores, Gasoline Stations, Miscellaneous Store Retailers, Cosmetics And Personal Care Stores, Clothing And Clothing Accessories Stores, Electronics And Appliance Stores, Furniture And Home Furnishings Stores, Supermarkets And Hypermarkets, Convenience, Mom And Pop Stores, Department Stores And Other General Merchandise Stores, Ecommerce And Other Non-Store Retailers, Building Material and Garden Equipment and Supplies Dealers, Pharmacies and Healthcare Stores, Sporting Goods, Hobby, Musical Instrument, and Book Stores), By Ownership (Retail Chain, Independent Retailer), By Distribution Channel (Supermarkets/Hypermarkets, Convienience Stores, Department Stores, Specialty Stores, Online, Other Distribution Channels) – Market Size, Trends, And Global Forecast 2025-2034

View Report

Personal Goods Repair And Maintenance Global Market Report 2025 – By Type (Home And Garden Equipment Repair And Maintenance, Appliance Repair And Maintenance, Reupholstery And Furniture Repair, Footwear And Leather Goods Repair, Other Personal And Household Goods Repair And Maintenance), By Mode (Online, Offline), By Service (Inspection, Maintenance, Repair) – Market Size, Trends, And Global Forecast 2025-2034

View Report

Small Electrical Appliance Global Market Report 2025 – By Product (Household Type Fans, Household Type Vacuum Cleaners, Other Household Type Small Electric Appliances), By Application (Home, Commercial), By Distribution Channel (Supermarket & Hypermarkets, Specialty Stores, E-Commerce, Others Distribution Channel) – Market Size, Trends, And Global Forecast 2025-2034

View Report

Ultra High Temperature (UHT) Processing Global Market Report 2025 – By Component Type (Heaters, Homogenizers, Flash Cooling, Aseptic Packaging, Other Components), By Product Form (Liquid, Semi-Liquid), By Mode of Operation (Direct, Indirect), By Application (Milk, Dairy Desserts, Juices, Soups, Other Applications) – Market Size, Trends, And Global Forecast 2025-2034

View Report

Wastewater Treatment Equipment Global Market Report 2025 – By Equipment (Filtration Equipment, Membrane Equipment, Thermal Distillation Equipment And Evaporators, Disinfection Equipment), By Process (Primary, Secondary, Tertiary), By Texture (Smooth, Textured), By Application (Municipal, Industrial ) – Market Size, Trends, And Global Forecast 2025-2034

View Report

Condensers Global Market Report 2025 – By Product Type (New, Refurbished), By Cooling Type (Air-Cooled, Evaporative, Water-Cooled), By Application (Industrial, Commercial, Transportation) – Market Size, Trends, And Global Forecast 2025-2034

View Report

Frequently Asked Questions

What is the definition of the Water Heaters market?

How will the Water Heaters market drivers and restraints affect the market dynamics? What forces will shape the Water Heaters industry going forward?

The Water Heaters market major growth driver - Urbanization-Driven Expansion Driving The Water Heaters Market. For further insights on the Water Heaters market, request a sample here

What is the forecast market size or the forecast market value of the Water Heaters market?

The Water Heaters market size has grown strongly in recent years. The water heaters market size has grown strongly in recent years. It will grow from $64.74 billion in 2024 to $70.48 billion in 2025 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to rise in disposable income, high investments, adaption of the internet of things (IoT) and new product launches along with advanced features. The water heaters market size is expected to see strong growth in the next few years. It will grow to $96.03 billion in 2029 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to increased internet penetration, a rise in merger and acquisition activity and growing demand for instant heating units. Major trends in the forecast period include offering smart water heaters to protect the energy and increase the efficiency of the water heater, focus on bringing more advancements in hybrid water heaters or systems, to meet the rising demand and to increase their revenue, companies should consider helping in the development of technologies for improving performance, to switch the power load on the grid, by detecting the temperature, invest in the introduction of energy efficient technologies in water heaters to reduce the overall consumption of energy during the water treatment heating process, consider government associations to maintain their renewable energy and for decarbonization purposes and players in the market should consider appealing to technology investments and associations to develop the market presence. For further insights on the Water Heaters market, request a sample here

How is the Water Heaters market segmented?

The water heaters market covered in this report is segmented –
1) By Product Type: Solar Heaters, Electric Heaters, Gas and Propane Heaters, Geothermal Heaters
2) By Distribution channel: Supermarket/Hypermarket, Specialty Stores, E-Commerce, Other Distribution Channels
3) By End User: Residential, Commercial, Industrial Subsegments:
1) By Solar Heaters: Active Solar Water Heating Systems, Passive Solar Water Heating Systems, Solar Pool Heaters
2) By Electric Heaters: Tank Electric Water Heaters, Tankless Electric Water Heaters, Heat Pump Water Heaters
3) By Gas And Propane Heaters: Tank Gas Water Heaters, Tankless Gas Water Heaters, Condensing Gas Water Heaters
4) By Geothermal Heaters: Ground Source Heat Pumps, Water Source Heat Pumps, Direct Exchange Systems For further insights on the Water Heaters market, request a sample here

Which region has the largest share of the Water Heaters market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the water heaters market in 2024. Western Europe was the second-largest region in the global water heaters market share. The regions covered in the water heaters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa For further insights on the Water Heaters market, request a sample here.

Who are the major players in the Water Heaters market?

What are the key trends in the Water Heaters market?

Major trends in the Water Heaters market include Introduction Of Energy-Efficient Products. For further insights on the Water Heaters market, request a sample here.

What are the major opportunities in the Water Heaters market? What are the strategies for the Water Heaters market?

For detailed insights on the major opportunities and strategies in the Water Heaters market, request a sample here.

How does the Water Heaters market relate to the overall economy and other similar markets?

For detailed insights on Water Heaters's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the Water Heaters industry?

For detailed insights on the mergers and acquisitions in the Water Heaters industry, request a sample here.

What are the key dynamics influencing the Water Heaters market growth? SWOT analysis of the Water Heaters market.

For detailed insights on the key dynamics influencing the Water Heaters market growth and SWOT analysis of the Water Heaters industry, request a sample here.