Electric Water Heater Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025
- Published: Oct 2021
- Pages: 120
- SKU: IRTNTR71316
Enjoy complimentary customisation on priority with our Enterprise License!
Single:
One user only.
Quick & easy download optionEnterprise:
Unlimited user access (Within your organization)
Complimentary Customization Included
The electric water heater market share is expected to increase by USD 6.80 billion from 2021 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.56%.
This electric water heater market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation 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). The electric water heater market report also offers information on several market vendors, including 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. among others.
What will the Electric Water Heater Market Size be in 2021?
Download the Free Report Sample to Unlock the Electric Water Heater Market Size for 2021 and Other Important Statistics
Electric Water Heater Market: Key Drivers and Trends
The technological innovations in design and higher efficiency are notably driving the electric water heater market growth, although factors such as high operational and installation cost of tankless electric water heaters may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the electric water heater industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
|
|
This electric water heater market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Who are the Major Electric Water Heater Market Vendors?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- 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.
This statistical study of the electric water heater market encompasses successful business strategies deployed by the key vendors. The electric water heater market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The electric water heater market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Electric Water Heater Market?
For more insights on the market share of various regions Request for a FREE sample now!
50% of the market's growth will originate from APAC during the forecast period. China, South Korea (Republic of Korea), and Japan are the key markets for electric water heaters in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The increase in infrastructure spending on commercial projects will facilitate the electric water heater market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What are the Revenue-generating Product Segments in the Electric Water Heater Market?
To gain further insights on the market contribution of various segments Request for a FREE sample
The electric water heater market share growth by the storage electric water heater segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the electric water heater market size and actionable market insights on post COVID-19 impact on each segment.
|
Electric Water Heater Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2020 |
|
Forecast period |
2021-2025 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 5.56% |
|
Market growth 2021-2025 |
$ 6.80 billion |
|
Market structure |
Fragmented |
|
YoY growth (%) |
4.92 |
|
Regional analysis |
APAC, North America, Europe, South America, and MEA |
|
Performing market contribution |
APAC at 50% |
|
Key consumer countries |
China, US, Japan, South Korea (Republic of Korea), and UK |
|
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
|
Companies profiled |
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. |
|
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for the forecast period |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Factors Covered in this Electric Water Heater Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive electric water heater market growth during the next five years
- Precise estimation of the electric water heater market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the electric water heater industry across APAC, North America, Europe, South America, and MEA
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of electric water heater market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Storage electric water heater - Market size and forecast 2020-2025
- Tankless electric water heater - Market size and forecast 2020-2025
- Market opportunity by Product
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Residential - Market size and forecast 2020-2025
- Commercial - Market size and forecast 2020-2025
- Market opportunity by End-user
Market Segmentation by Distribution channel
- Market segments
- Comparison by Distribution channel
- Offline - Market size and forecast 2020-2025
- Online - Market size and forecast 2020-2025
- Market opportunity by Distribution channel
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- 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.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Frequently Asked Questions?
- China
- US
- Japan
- South Korea (Republic of Korea)
- UK
- Technological innovations in design and higher efficiency
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
Why should you prefer Technavio's market insights report?
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Single:
One user only.
Quick & easy download optionEnterprise:
Unlimited user access (Within your organization)
Complimentary Customization Included
2500 USD
Get the report (PDF) sent to your email within minutes.
Subscribe & Save
Get lifetime access to our
Technavio Insights
Did you know?
Did you know?
Did you know?
Customized Report as per your Business Needs
- Our analysts will work directly with you and understand your needs
- Get data on specified regions or segments, competitor and Vendors
- Data will be formatted and presented as per your requirements
- We offer $1000 worth of FREE customization at the time of purchase
Let us help you make report more suited to your requirements.
- Get a competitive breakdown as per your niche industry
- Customize the data with various metrics that meet your business prerequisite
- Understand Revenue Sources, Customers and many more
- Details on Market Share
- These customizations are done in a short amount of time by our analysts and industry experts
