Authored By: Sarah
25 Oct 2021

Electric Water Heater Market: Leading Regions and Market Trends

Geographical Segmentation and Growth Analysis

The electric water heater market is set to grow by $ 6.80 bn, accelerating at a CAGR of almost 5.56% during the forecast period. This research report analyses the growth trajectory of the market with a purview to prevalent market scenario, trends, and drivers. It also provides competitive bench-marking of the key market players and their product portfolios.


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Electric Water Heater Market: APAC to lead market growth during the forecast period

  • 50% of the market growth will originate from APAC during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Electric Water Heater Market size.
  • One of the key drivers that is likely to drive market growth is the technological innovations in design and higher efficiency. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market.  These insights will equip clients with all the information they need to plan COVID-19 recovery and growth strategies.
  • The report segments the market by Product (storage electric water heater and tankless electric water heater), End-user (residential and commercial), Distribution Channel (offline and online), and Geography (APAC, North America, Europe, South America, and MEA). A detailed analysis of each segment and its contribution to the market share is provided along with factors that are likely to boost the market growth.

Electric Water Heater Market to Post Incremental Growth of $ 6.80 bn During 2021-2025 | Key Geographies that will Drive Growth

Electric Water Heater Market: Key Competitors

A. O. Smith Corp., Ariston Thermo Spa, ATC Electrical and Mechanical Ltd., Bajaj Electricals Ltd., Bandini Scaldabagni SpA, Bradford White Corp., Crompton Greaves Consumer Electricals Ltd., General Electric Co., Haier Smart Home Co. Ltd., and Rinnai Corp.are some of the major market participants. The market is fragmented, and the growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.

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The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of 5.56%.
     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 6.80 bn through 2021-2025.
     
  3. What is a key factor driving this market?
    Technological innovations in design and higher efficiency will drive market growth over the forecast period.
     
  4. What are the key regions covered in this market research report?
    APAC, North America, Europe, South America, and MEA are the key regions featured in this research report.
     
  5. Which is the leading geographic region for this market:
    50% growth will originate from APAC
     
  6. Who are the leading market vendors?
    The leading vendors in this market are A. O. Smith Corp., Ariston Thermo Spa, ATC Electrical and Mechanical Ltd., Bajaj Electricals Ltd., Bandini Scaldabagni SpA, Bradford White Corp., Crompton Greaves Consumer Electricals Ltd., General Electric Co., Haier Smart Home Co. Ltd., and Rinnai Corp.
     
  7. What are the market segments covered in this report?
    The market is segmented by Product (storage electric water heater and tankless electric water heater), End-user (residential and commercial), Distribution Channel (offline and online), and Geography (APAC, North America, Europe, South America, and MEA).

Market Segmentation by Product

    • Electric Water Heater Market Split by Product
      • storage electric water heater
      • tankless electric water heater
    • Electric Water Heater Market Split by End-user
      • residential
      • commercial
    • Electric Water Heater Market Split by Distribution Channel
      • offline
      • online
    • Electric Water Heater Market Split by Geography
      • APAC
      • North America
      • Europe
      • South America
      • MEA

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • A. O. Smith Corp.
  • Ariston Thermo Spa
  • ATC Electrical and Mechanical Ltd.
  • Bajaj Electricals Ltd.
  • Bandini Scaldabagni SpA
  • Bradford White Corp.
  • Crompton Greaves Consumer Electricals Ltd.
  • General Electric Co.
  • Haier Smart Home Co. Ltd.
  • Rinnai Corp.

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