Global Water Heater Market - Market Size, Share &Industry Trends, Growth Analysis Report By Product Type, By Consumption and Forecast 2019 - 2025


DescriptionTable of ContentList of TablesList of Figures
Introduction
Water Heater  Market was valued at USD X.X Billion in 2018 and is projected to reach USD X.X billion by 2025, at a CAGR of X.X % from 2019-2025. A water heater, also known as geyser, is a heating device that uses energy from various external sources and transfers it to heat the water. Water heater comes in various types such as gas-based water heater, instant water heaters, storage water heaters, and solar water heater.  
The growth of the global water heater market is driven by factors such as inclination of consumer toward the adoption of energy efficient systems, favorable government subsidies that encourage the use of solar water heaters, surge in number of hospitals and hotels, and increase in population and improved infrastructure in rural areas.

Geographical Overview

At a global level, North America region was holding the highest market share in 2018. Whereas, Asia Pacific region is considered as the fastest growing region with key players adopting expansion strategy in this region to gain maximum market share in the coming years. The global Water Heater market is highly competitive in the region. The residential segment dominated the global water heater market in 2017, accounting for around 46% of the overall revenue. This was due to rapid urbanization, rise in income level of the consumers, and innovative marketing strategies implemented by the leading manufacturers. Furthermore, this segment is expected to grow at the highest rate during the forecast period.

Segmental Overview
Water Heater Market is segmented as per below specifications -  
By Product Type: 
• Gas
• Instant
• Storage
• Solar
By Consumption:
• Commercial 
• Residential
• Industrial  
By Distribution Channel: 
• Supermarket/Hypermarket
• Specialty Stores
• E-Commerce
• Others (Wholesalers, distributors)

Competitor Analysis
Water Heater Market has presence of some of the key major players across globe which includes
• A. O. Smith Corporation
• Ariston Thermo Spa 
• Bajaj Electricals Limited 
• Bradford White Corporation
• Haier Electronics Group Co. Ltd 
• Noritz Corp
• Rheem Manufacturing Company
• Rinnai Corporation 
• Robert Bosch Gmbh
• Venus Home Appliances P Ltd.
These key players are concentrating its efforts on the continuous product improvement with innovative initiatives to have an edge over other competitors. Further, to garner maximum market share, companies are adopting merger/ acquisition/ partnership and maintaining strong distribution networks strategies.

By Geographical Locations: 
• North America
o U.S.
o Canada
• Europe
o U.K.
o France
o Italy
o Germany
o Spain
o Russia & CIS
o Rest of Europe
• Asia-Pacific
o China 
o India
o Japan
o South Korea
o ASEAN
o Rest of Asia Pacific 
• Latin America
o Brazil
o Argentina
o Rest of LATAM
• Middle East & Africa
o UAE
o South Africa
o Rest of MEA

Highlights of the report
What is Water Heater Market?
Who all are key market players in the industry?
How the Parent Industry is growing?
Where are the key opportunities for new market entrant?
A comprehensive analysis, which covers key growth factors across the value chain
Recent developments in market
Granular Market Segmentation 
Market size projection based on Historical & current market trends 
Market share analysis and key strategies adopted by leading Players
Production Cost & Sensitivity Analysis
Country Level Market Analysis of Top 16 countries
Data Driven Decision Recommendations