Global Geysers Market 2016-2020

This market research report presents a comprehensive analysis of the global geysers market by storage (storage and non-storage), by end user (commercial and residential), and by product types (non-electric geysers, gas geysers, and electric geysers). This report also segments the market by key areas (Americas, APAC, and EMEA). Leading vendors in the market are A. O. Smith, Bajaj Electricals, Bradford White, Rheem Manufacturing, and Venus Home Appliances.

Overview of the geysers market

Extensive research carried out by the analysts at Technavio has shown that the global geysers market to grow impressively at a CAGR of more than 8% over the forecast period. With the increasing demand for tankless geysers, the geysers market is anticipated to have a positive outlook in the coming years. Based on energy consumption, tankless geysers are categorized into electric tankless geysers and gas tankless geysers. Tankless geysers are heavy burners and quickly heats water flowing through a heat exchanger. As a result, these devices were found to be 22% more energy efficient in laboratory tests than gas-powered storage-tank models. A typical electric-resistance tankless geyser with an energy factor of 0.99 consumes approximately 4,435 kilowatt-hours per year which translates into nearly 9% energy savings in comparison to a 50-gallon electric-resistance storage geyser with an energy factor of 0.90. Moreover, the tankless geyser market is gaining traction in North America as technical advancements over the last few years have boosted the capacity of such geysers up to 3.5 gallons per minute.

One of the emerging trends spurring the growth prospects of this market is the augmented demand for hybrid geysers. Hybrid geysers combine the technology of tank and conventional tankless geysers resulting in less overall energy consumption. For example, A. O. Smith introduced its hybrid model, Vertex Power-Vent Gas Water Heater, which is a hybrid geyser that operates at a 90% efficiency. Therefore, the energy saving properties of hybrid geyser will lead to its increased adoption over the next four years.

Segmentation by end user and analysis of the geysers market

• Commercial
• Residential

The residential segment dominated the market and accounted for close to 67% of the market share during 2015. Storage geysers are commonly used in residential applications as they can store up to 2-110 gallons of water so they can continuously supply hot water at all times. Such geysers are popular in developing countries which have inconsistent power supplies. With a booming residential construction sector in countries like India and China, this segment is envisaged to post a steady growth over the next four years.

Geographical segmentation and analysis of the geysers market

• Americas
• APAC
• EMEA

In terms of geography, EMEA led the global geysers market and is expected to reach over USD 26 billion by 2020. Storage geysers have the largest market in European nations as the residential geysers market in Europe has attained maturity.

Competitive landscape and key vendors

The global geysers market is highly competitive and fragmented due to the presence of several local and regional vendors operating out of North America, Europe, and APAC. The competition prevailing in the market depend on the product type, end-users, and also by region. The vendor competition is expected to intensify as prominent international players are consolidating their footprints through mergers and acquisitions.

Key vendors in this market are -

• A. O. Smith
• Bajaj Electricals
• Bradford White
• Rheem Manufacturing
• Venus Home Appliances

Other prominent vendors in this market are Ariston Thermo, Bosch, Crompton Greaves, Eccotemp Systems, Eldominvest, Electrolux, Haier, Heat Transfer Products, Hubbell, Midea Group, Noritz, and Rinnai.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global geysers market?
• What are the key market trends impacting the growth of the global geysers market?
• What are the challenges to market growth for the global geysers market?
• Who are the key vendors in the global geysers market?
• What are the market opportunities and threats faced by the vendors in the global geysers market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global geysers market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Tankless Water Heater Market 2016-2020
• Global Electric Water Heater Market 2015-2019
• Global Space Heaters Market 2016-2020
• Global Pressure Relief Valves Market 2016-2020