Water heater market
Maximize Market Research has released a market analysis and competitive report on the global water heater market.
The global water heater market was valued at $29.88 billion in 2023 and is expected to reach $41.54 billion by 2030, growing at a compound annual growth rate of 4.82%.
North America accounted for the largest market share in the water heater market in 2023. The United States is spearheading this growth, closely followed by Canada, and together they are driving market expansion.
In Canada, the water heater market is primarily driven by the increasing demand for hot water in various industries, supported by the country's well-developed industrial infrastructure.
The new regulations set minimum efficiency limits based on the maximum flow rate of the product, with 0.86 UEF required for less than 6.4 l/min and 0.87 UEF required for more than 6.4 l/min.
Request a free sample report: https://www.maximizemarketresearch.com/request-sample/22692/
In Europe, the water heater sector is the second largest, driven by the growing demand for hot water in the domestic and commercial sectors, with economies such as Germany, England and France leading the pack.
The water heater market is witnessing robust growth in Asia Pacific, aided by rapid urbanization, growing population, and rising disposable incomes. China, India, Japan, South Korea, and Southeast Asian countries are playing a crucial role in the market expansion.
Energy efficiency is a key growth driver for the water heater market. With global efforts towards sustainability and reducing carbon emissions, consumers are increasingly opting for energy-efficient water heating solutions.
Interested stakeholders can request to purchase the report: https://www.maximizemarketresearch.com/inquiry-before-buying/22692/
Global Water Heater Market Segmentation:
by product
• Gas
• Storage
• Solar
by capacity
• Under 30 liters
• 30 – 100 litres
• 100 – 250 litres
• 250 – 400 litres
• Over 400 liters
by technology
• Tankless
• Storage
• Hybrid
by application
• Commercial
• Reside
• Industrial
Request a sample copy of this report: https://www.maximizemarketresearch.com/request-sample/22692/
Major players in the global water heater market include:
1. Heat Transfer Products Inc. (USA)
2. Bradford White Corp. (USA)
3. Rheem Manufacturing Co. (USA)
4. Noritz Corp. (Japan)
5. Rinnai Corp (Japan)
6. Crompton Greaves Ltd. (India)
7. Haier Water Heater Co. Ltd. (China)
8. Ariston Thermo SPA. (Italy)
9. Siemens AG (Germany)
10. Viessmann (Germany)
𝐅𝐨𝐫 𝐚 𝐝𝐞𝐞𝐩𝐞𝐫 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠, 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤: https://www.maximizemarketresearch.com/market-report/global-water-heater-market/22692/
Main offers:
Current market size and competitive landscape (2018 to 2023)
Previous price development and price trend by region (2018 to 2023)
Market Size, Share, Size and Forecast by Different Segments | 2024-2030
Market dynamics – growth drivers, regional analysis, segment analysis, competitive landscape
Market segmentation – A detailed analysis of offerings, industries, applications and regions
Competitive landscape – profiles of selected key players by region from a strategic perspective
PESTLE analysis
PORTER'S Analysis
Value chain and supply chain analysis
Legal aspects of business by region
Key questions answered in the global water heater market are:
1]What is the growth rate of the global water heater market?
2]Which region is expected to dominate the global water heater market?
3]What is the global water heater market size expected to be by 2030?
4]Who are the top players in the global water heater market?
5]What factors are driving the growth of the global water heater market?
6]Which country had the largest market share in the water heaters sector in 2023?
Maximize Market Research has also published the following reports on the global water heater market:
• The instantaneous water heater market is valued at USD 4 billion in 2023 and is expected to grow at a compound annual growth rate of 8.7% to reach nearly USD 7.17 billion from 2024 to 2030.
https://www.maximizemarketresearch.com/market-report/tankless-water-heater-market/215733/
• The Industrial Heating Market was valued at USD 1.88 billion in 2023 and is expected to reach USD 2.51 billion during the forecast period by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.2%.
https://www.maximizemarketresearch.com/market-report/global-industrial-heaters-market/101554/
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Bangalore Highway, Narhe,
Pune, Maharashtra 411041, India
[email protected]
+91 96071 95908, +91 9607365656
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting firm with professionals from various industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communications, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems, among others. To name a few, we provide market-tested industry assessments, technical trend analysis, key market research, strategic consulting, competitive analysis, production and demand analysis, and customer impact studies.
This press release was published on openPR.
Comments are closed.