Report overview
Residential water heaters primarily provide hot water for direct use (e.g., in showers and faucets) and for appliances such as dishwashers and clothes washers. There are several types of residential water heaters described below. The most common water heaters in single-family homes are storage tank type water heaters or tankless water heaters.
Storage water heaters use gas (natural gas or propane), electricity or oil to heat and store water at a thermostatically controlled temperature (less than 180? F) for delivery on demand. Federal appliance efficiency standards differentiate storage water heaters based on whether the rated storage volume is greater than 55 gallons or less than or equal to 55 gallons.
Tankless heat water using natural gas, electricity, or propane. These units do not have a tank for storing heated water but instead use a sensor that detects the flow of water over the heat exchanger that initiates the heating element (typical volumes around 0.5 gallons). Instantaneous units are capable of delivering water at a controlled temperature of less than 180?F.
This report aims to provide a comprehensive presentation of the global market for Residential Water Heaters, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Residential Water Heaters. This report contains market size and forecasts of Residential Water Heaters in global, including the following market information:
Global Residential Water Heaters Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Residential Water Heaters Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Residential Water Heaters companies in 2022 (%)
The global Residential Water Heaters market was valued at US$ 993.6 million in 2022 and is projected to reach US$ 1315.2 million by 2029, at a CAGR of 4.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
In Latin America market, key players of Residential Water Heaters include AO Smith, Rinnai, Midea, Rheem, Calorex (Ariston Thermo), etc. Top five players hold a share approximately 45%. In terms of product, the Storage Tank Type holds a share of over 50%. And in terms of application, the largest application is Gas Water Heater, with a share of over 50%.
We surveyed the Residential Water Heaters manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Residential Water Heaters Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Residential Water Heaters Market Segment Percentages, by Type, 2022 (%)
Storage Tank Type
Tankless Type
Global Residential Water Heaters Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Residential Water Heaters Market Segment Percentages, by Application, 2022 (%)
Gas Water Heater
Electric Water Heater
Others
Global Residential Water Heaters Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Residential Water Heaters Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Residential Water Heaters revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Residential Water Heaters revenues share in global market, 2022 (%)
Key companies Residential Water Heaters sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Residential Water Heaters sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
AO Smith
Rinnai
Midea
Rheem
Calorex (Ariston Thermo)
Whirlpool
Stiebel Eltron
Noritz
Zhejiang Jiadele Technology Co
Bosch
GREE
Bradford White
EcoSmart
Vanward
Haier
Outline of Major Chapters:
Chapter 1: Introduces the definition of Residential Water Heaters, market overview.
Chapter 2: Global Residential Water Heaters market size in revenue and volume.
Chapter 3: Detailed analysis of Residential Water Heaters manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Residential Water Heaters in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Residential Water Heaters capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
