The global water heater market size is expected to reach $41.3 Billion by 2028 growing at the CAGR of 5.48% from 2021 to 2028. This growth is attributed to several macro and micro economic factors such as
- Increasing in disposable income of the consumers
- Encouraging government subsidies to use solar water heater
- Increase in population of rural areas and improved infrastructure
Further several factors restraining the market growth include
- Shortage of electricity in Middle East & Africa region
- High rate of electricity in emerging economies
Increasing numbers of merger and acquisition of water heater market is expected to generate higher avenues during the forecast period.
The COVID-19 pandemic has led to supply chain disruptions leading to supply shortages or lower demand in the water heater market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers to adopt various strategies to stabilize the company.
In terms of COVID 19 impact, the water heater market report also includes following data points:
- Impact on water heater market size
- End User Trend, Preferences and Budget Impact
- Regulatory Framework/Government Policies
- Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
- Opportunity in water heater market
Key Insight in the report:
The global water heater market report covers executive summary, market dynamics, COVID impact & post COVID scenario, market size and forecast, competitive intelligence, market positioning, and product offerings.
Our report covers extensive competitive intelligence which include following data points:
- Business Overview
- Business Segment Data
- Financial Data
- Product Segment Analysis and Specification
- Recent Development and Company Strategy Analysis
- SWOT Analysis
The report covers market sizing and forecasting at the country level as well as at the segment level. Water heater market is analyzed across below-mentioned different segments:
- Type
- Electric water heater
- Gas water heater
- Solar water heater
- Application
- Industrial
- Commercial
- Residential
- Distribution channel
- Ecommerce
- Hyper market/ Super market
- Specialty stores and others
Water heater market is also analyzed across below-mentioned regions/countries:
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- Rest of the World
- South America
- Middle East & Africa
Some of the key players in of Water heater market include:
- Ariston
- Thermo Group
- Bajaj Electrical Ltd.
- Noritz Corporation
- Bradford white Corporation
- Rinnai Corporation
- Rheem Manufacturing Company
- Ao Smith Corporations
- HTP
- Haier Electronics Group Co.
REPORT CONTENT BRIEF:
- High level analysis of the current and future market trends and opportunities
- Detailed analysis on current market drivers, restraining factors, and opportunities in the future
- Water Heater market estimates for 2020 and forecast from 2021 to 2028
- Vendor market share analysis at each product level
- Competitor analysis with a detailed insight into its product segment, financial strength, and strategies adopted.
- Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations and partnerships as well as funding taken and investment done, among others.
TARGET AUDIENCE
- Manufacturers
- Suppliers and traders
- Government, associations, and industrial bodies
- Investors and trade experts
- Consulting Firms or Individual Consultant
- Anyone interested in understanding industry dynamic of Water Heater market
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