Water Heater Market by End-user, Distribution Channel, Type, and Geography - Forecast and Analysis 2023-2027

Published: Jan 2023

Pages: 191

SKU: IRTNTR45617

Snapshot

Water Heater Market Forecast 2023-2027

The Water Heater Market size is forecast to increase by USD 6.98 billion at a CAGR of 5.5% between 2022 and 2027. The growth of the market is driven by several key factors. Firstly, there's a notable surge in the demand for tankless water heaters, fueled by their energy efficiency and space-saving benefits. Secondly, the commercial end-user segment is witnessing an uptick in demand, driven by the need for reliable and efficient water heating solutions in various industries. Additionally, government initiatives aimed at promoting energy-efficient heating solutions further bolster market growth, incentivizing both consumers and businesses to adopt environmentally friendly technologies. These factors collectively underscore the importance of energy efficiency and sustainability in the evolving landscape of water heating solutions.

What will be the Size of the Market During the Forecast Period?

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Market Segmentation

This report extensively covers market segmentation by end-user (residential, commercial, and industrial), distribution channel (specialty stores, department stores hypermarkets and supermarkets, online retailers, and others), type (electric, gas, and solar), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

Market Dynamics and Customer Landscape

The market encompasses a range of innovative products and high-performance products, including electric product and solar water heating systems, tankless and storage water heater, and smart technology applications. These solutions are increasingly being adopted in residential establishments and smart city projects to reduce environmental impact and improve energy efficiency. Electric water and tankless water heaters are popular choices for their high energy savings and carbon footprint reduction. Solar products, such as solar water heating systems, further enhance the environmental benefits of these systems. In the context of residential applications, water heating systems play a crucial role in daily life, from cleaning and washing to cooking and patient hygiene. Hospitals also rely on water heating systems for essential services.

Further, green projects and smart city initiatives are driving the demand for water heating solutions that minimize carbon emissions and offer high-performance and innovative features. Aging water heaters, on the other hand, are being replaced with more energy-efficient and eco-friendly alternatives. Storage tanks and cleaning systems are essential components of water heating systems, ensuring consistent water temperature and maintaining system hygiene. Overall, the market is poised for growth as the world transitions towards more sustainable and energy-efficient solutions. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The increasing demand for tankless water heaters is a key factor driving the growth of the market. In the market, there is a growing trend towards energy-efficient models, particularly in residential establishments and smart city projects. With aging water heaters leading to increased maintenance and utility costs, the shift toward electric water heaters is gaining momentum. These advanced heating solutions offer high energy savings, making them an attractive option for both residential and commercial consumers. The Department of Defense and military facilities, hotels, shopping complexes, and commercial buildings are all exploring environmentally friendly products to reduce their carbon footprint.

However, tankless water heaters, which use heavy burners to quickly heat water through a heat exchanger, have been found to be 22% more energy-efficient than gas-powered storage water heaters. As consumer spending on heating technologies continues to rise, companies are differentiating their products by launching energy-efficient electric water heaters, providing instant hot water with lower utility costs and reduced environmental impact. Thus, the demand for energy-efficient models is expected to boost the growth of the market during the forecast period.

Significant Market Trend

Smart and connected kitchens are the primary trends in the market growth. The market is witnessing a significant trend towards the adoption of smart water heating solutions. In residential establishments and smart city projects, advanced water heaters equipped with monitoring systems are gaining popularity. These systems enable end-users to maintain their water heaters effectively, removing allergens, harmful particles, and contaminants that can cause wear and tear. The integration of smart technologies, such as smart thermostats and sensors, into electric water heaters and storage water heaters results in high energy savings and a reduced carbon footprint.

Further, institutions like the Department of Defense and military facilities, as well as commercial buildings, hotels, shopping complexes, and other large establishments, are increasingly investing in environmentally friendly and energy-efficient heating solutions, such as tankless water heaters and gas water heaters. Consumer spending on heating technologies continues to grow, driven by the desire for cost savings and sustainable heating solutions, which inturn drive the market growth during the forecast period.

Major Market Challenge

The high installation and maintenance costs are a major challenge to the growth of the global market . In the market for water heating solutions, tankless water heaters have emerged as a preferred choice due to their efficiency in both residential and commercial applications. These advanced heating technologies offer significant savings by providing hot water on demand, reducing the need for large storage tanks found in traditional water heaters. However, the initial investment and ongoing maintenance costs can be a challenge for some consumers. Moreover, the aging of water heaters in various establishments, including residential and military facilities, shopping complexes, and hotels, necessitates timely replacement and maintenance. The increasing demand for energy-efficient and environmentally friendly products in smart city projects further emphasizes the importance of maintaining and upgrading water heating systems.

Moreover, electric and gas water heaters, including both storage and tankless models, are essential components of heating solutions for various industries. The Department of Defense and commercial buildings, such as hotels and shopping complexes, rely on these systems to ensure consistent hot water supply. Consumer spending on heating technologies continues to grow, making it crucial to address the challenges of tankless water heater installation, maintenance, and skilled labor shortages in the HVAC industry. All these factors increase the operational cost of water heaters during their overall life cycle, thus hindering the growth of the global market in focus during the forecast period.

Customer Landscape

The report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market research report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.

Customer Landscape

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Ariston Holding NV- The company caters to various water heater options, including the Aures Slim Multi, an electric instantaneous model.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Market?

The market share growth by the residential segment will be significant during the forecast period. In the market of 2022, residential establishments and commercial buildings, including military facilities, hotels, and shopping complexes, predominantly rely on specialty stores and vendor-specific showrooms for their water heating needs. These establishments prioritize savings and seek high energy efficiency, leading to the popularity of smart city projects and environmentally friendly products such as electric water heaters, storage water heaters, tankless water heaters, and gas water heaters.

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The residential segment was valued at USD 13.77 billion in 2017 and continue to grow by 2021. Consumers value the expertise and advice provided by these retailers, allowing them to evaluate various heating solutions and make informed decisions. As aging water heaters contribute to a significant carbon footprint, the market trend leans towards the adoption of heating technologies that offer high energy savings and reduced environmental impact. The Department of Defense and other large consumers prioritize these factors in their purchasing decisions.

Which are the Key Regions for the Market?

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APAC is estimated to contribute 48% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional market trends and drivers that shape the market during the forecast period. The market in APAC, particularly in residential applications, is driven by increasing infrastructure spending and a positive economic scenario. Vendors prioritize product innovation, focusing on energy efficiency and smart technology, such as AI and Wi-Fi, to cater to this demand. In September 2022, Venus Home Appliances launched new electric and solar water heating systems with these features. The growth of the market is also influenced by the increasing adoption of green projects and the shift towards energy-efficient solutions.

In residential settings, water heating systems include storage tank and tankless products, while industrial applications utilize high-performance and reliable hybrid systems. Smart technology and the Internet of Things enable increased safety, efficiency, and less required space in both residential and commercial settings. The market also includes cleaning, washing, cooking, and patient hygiene applications in hospitals and smaller commercial buildings like diners and eating joints. Government initiatives, such as the Introduction Subsidy Scheme, further promote the adoption of energy-efficient and innovative water heating solutions.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.

End-User Outlook
- Residential
- Commercial
- Industrial

Distribution Channel Outlook
- Specialty stores
- Department stores hypermarkets and supermarkets
- Online retailers
- Others
Type Outlook
- Electric
- Gas
- Solar

Region Outlook
- Europe
  - The U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- South America
  - Chile
  - Argentina
  - Brazil
- North America
  - The U.S.
  - Canada
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Afric

Market Analyst Overview

The Residential and Applicative Markets for Water Heaters are experiencing significant growth. Envision a world where hot water is always available on demand. With the increasing use of technology, Smart Water Heaters are becoming more popular. Producers of Water Heaters, such as Cogent, are focusing on producing efficient and cost-effective solutions. The market for Water Heaters is driven by factors like increasing population, urbanization, and changing consumer preferences. The Energy Regulators are also encouraging the use of Energy-efficient Water Heaters, which is a major trend in the market. The market is projected to grow, with Tanks and Tankless Heaters being the major product categories. The Producers are also focusing on increasing their production capacity to meet the growing demand. The market is a global one, with China and India being major markets due to their large populations. The market is expected to continue its growth trajectory in the coming years.

Market Scope
Report Coverage	Details
Page number	191
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 5.5%
Market growth 2023-2027	USD 6.98 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	5.3
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 48%
Key countries	US, China, Japan, India, and Germany
Competitive landscape	Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks
Key companies profiled	A. O. Smith Corp., AB Electrolux, Ariston Holding NV, Bradford White Corp., Ferroli Spa, Guangdong Vanward New Electric Co. Ltd., Haier Smart Home Co. Ltd., Havells India Ltd., Jaquar India, Hangzhou Kangquan Water Heater Co. Ltd., Lennox International Inc., Midea India Pvt. Ltd., Noritz Corp., Rheem Manufacturing Co., Rinnai Corp., Robert Bosch GmbH, STIEBEL ELTRON GmbH and Co. KG, Transform Holdco LLC, Vaillant Group, Viessmann Climate Solutions SE, and Whirlpool Corp.
Market dynamics	Parent market growth analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for 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.

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What are the Key Data Covered in this Market Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the market between 2023 and 2027
Precise estimation of the market size and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the market industry across APAC, North America, Europe, South America, and Middle East and Africa
Thorough analysis of the market’s competitive landscape and detailed information about companies
Comprehensive analysis of factors that will challenge the growth of market companies

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
- Exhibit 07: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 08: Executive Summary – Chart on Incremental Growth
- Exhibit 09: Executive Summary – Data Table on Incremental Growth
- Exhibit 10: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 11: Parent market
- Exhibit 12: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 13: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 14: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 15: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 17: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 18: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global water heater market 2017 - 2021
- Exhibit 19: Historic Market Size – Data Table on Global water heater market 2017 - 2021 ($ million)

4.2 End-user Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

4.3 Distribution channel Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ million)

4.4 Type Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Type Segment 2017 - 2021 ($ million)

4.5 Geography Segment Analysis 2017 - 2021
- Exhibit 23: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.6 Country Segment Analysis 2017 - 2021
- Exhibit 24: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 25: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 26: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 27: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 28: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 29: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 30: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 31: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

6.1 Market segments
- Exhibit 32: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 33: Data Table on End-user - Market share 2022-2027 (%)

6.2 Comparison by End-user
- Exhibit 34: Chart on Comparison by End-user
- Exhibit 35: Data Table on Comparison by End-user

6.3 Residential - Market size and forecast 2022-2027
- Exhibit 36: Chart on Residential - Market size and forecast 2022-2027 ($ million)
- Exhibit 37: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
- Exhibit 38: Chart on Residential - Year-over-year growth 2022-2027 (%)
- Exhibit 39: Data Table on Residential - Year-over-year growth 2022-2027 (%)

6.4 Commercial - Market size and forecast 2022-2027
- Exhibit 40: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
- Exhibit 41: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
- Exhibit 42: Chart on Commercial - Year-over-year growth 2022-2027 (%)
- Exhibit 43: Data Table on Commercial - Year-over-year growth 2022-2027 (%)

6.5 Industrial - Market size and forecast 2022-2027
- Exhibit 44: Chart on Industrial - Market size and forecast 2022-2027 ($ million)
- Exhibit 45: Data Table on Industrial - Market size and forecast 2022-2027 ($ million)
- Exhibit 46: Chart on Industrial - Year-over-year growth 2022-2027 (%)
- Exhibit 47: Data Table on Industrial - Year-over-year growth 2022-2027 (%)

6.6 Market opportunity by End-user
- Exhibit 48: Market opportunity by End-user ($ million)

7 Market Segmentation by Distribution Channel

7.1 Market segments
- Exhibit 49: Chart on Distribution Channel - Market share 2022-2027 (%)
- Exhibit 50: Data Table on Distribution Channel - Market share 2022-2027 (%)

7.2 Comparison by Distribution Channel
- Exhibit 51: Chart on Comparison by Distribution Channel
- Exhibit 52: Data Table on Comparison by Distribution Channel

7.3 Specialty stores - Market size and forecast 2022-2027
- Exhibit 53: Chart on Specialty stores - Market size and forecast 2022-2027 ($ million)
- Exhibit 54: Data Table on Specialty stores - Market size and forecast 2022-2027 ($ million)
- Exhibit 55: Chart on Specialty stores - Year-over-year growth 2022-2027 (%)
- Exhibit 56: Data Table on Specialty stores - Year-over-year growth 2022-2027 (%)

7.4 Department stores hypermarkets and supermarkets - Market size and forecast 2022-2027
- Exhibit 57: Chart on Department stores hypermarkets and supermarkets - Market size and forecast 2022-2027 ($ million)
- Exhibit 58: Data Table on Department stores hypermarkets and supermarkets - Market size and forecast 2022-2027 ($ million)
- Exhibit 59: Chart on Department stores hypermarkets and supermarkets - Year-over-year growth 2022-2027 (%)
- Exhibit 60: Data Table on Department stores hypermarkets and supermarkets - Year-over-year growth 2022-2027 (%)

7.5 Online retailers - Market size and forecast 2022-2027
- Exhibit 61: Chart on Online retailers - Market size and forecast 2022-2027 ($ million)
- Exhibit 62: Data Table on Online retailers - Market size and forecast 2022-2027 ($ million)
- Exhibit 63: Chart on Online retailers - Year-over-year growth 2022-2027 (%)
- Exhibit 64: Data Table on Online retailers - Year-over-year growth 2022-2027 (%)

7.6 Others - Market size and forecast 2022-2027
- Exhibit 65: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 66: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 67: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 68: Data Table on Others - Year-over-year growth 2022-2027 (%)

7.7 Market opportunity by Distribution Channel
- Exhibit 69: Market opportunity by Distribution Channel ($ million)

8 Market Segmentation by Type

8.1 Market segments
- Exhibit 70: Chart on Type - Market share 2022-2027 (%)
- Exhibit 71: Data Table on Type - Market share 2022-2027 (%)

8.2 Comparison by Type
- Exhibit 72: Chart on Comparison by Type
- Exhibit 73: Data Table on Comparison by Type

8.3 Electric - Market size and forecast 2022-2027
- Exhibit 74: Chart on Electric - Market size and forecast 2022-2027 ($ million)
- Exhibit 75: Data Table on Electric - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Chart on Electric - Year-over-year growth 2022-2027 (%)
- Exhibit 77: Data Table on Electric - Year-over-year growth 2022-2027 (%)

8.4 Gas - Market size and forecast 2022-2027
- Exhibit 78: Chart on Gas - Market size and forecast 2022-2027 ($ million)
- Exhibit 79: Data Table on Gas - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Chart on Gas - Year-over-year growth 2022-2027 (%)
- Exhibit 81: Data Table on Gas - Year-over-year growth 2022-2027 (%)

8.5 Solar - Market size and forecast 2022-2027
- Exhibit 82: Chart on Solar - Market size and forecast 2022-2027 ($ million)
- Exhibit 83: Data Table on Solar - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Chart on Solar - Year-over-year growth 2022-2027 (%)
- Exhibit 85: Data Table on Solar - Year-over-year growth 2022-2027 (%)

8.6 Market opportunity by Type
- Exhibit 86: Market opportunity by Type ($ million)

9 Customer Landscape

9.1 Customer landscape overview
- Exhibit 87: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

10 Geographic Landscape

10.1 Geographic segmentation
- Exhibit 88: Chart on Market share by geography 2022-2027 (%)
- Exhibit 89: Data Table on Market share by geography 2022-2027 (%)

10.2 Geographic comparison
- Exhibit 90: Chart on Geographic comparison
- Exhibit 91: Data Table on Geographic comparison

10.3 APAC - Market size and forecast 2022-2027
- Exhibit 92: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 94: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 95: Data Table on APAC - Year-over-year growth 2022-2027 (%)

10.4 North America - Market size and forecast 2022-2027
- Exhibit 96: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 98: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 99: Data Table on North America - Year-over-year growth 2022-2027 (%)

10.5 Europe - Market size and forecast 2022-2027
- Exhibit 100: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 102: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 103: Data Table on Europe - Year-over-year growth 2022-2027 (%)

10.6 South America - Market size and forecast 2022-2027
- Exhibit 104: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 105: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 106: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 107: Data Table on South America - Year-over-year growth 2022-2027 (%)

10.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 108: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 109: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 110: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 111: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

10.8 China - Market size and forecast 2022-2027
- Exhibit 112: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 113: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 114: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 115: Data Table on China - Year-over-year growth 2022-2027 (%)

10.9 US - Market size and forecast 2022-2027
- Exhibit 116: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 117: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 118: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 119: Data Table on US - Year-over-year growth 2022-2027 (%)

10.10 Japan - Market size and forecast 2022-2027
- Exhibit 120: Chart on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 121: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 122: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 123: Data Table on Japan - Year-over-year growth 2022-2027 (%)

10.11 Germany - Market size and forecast 2022-2027
- Exhibit 124: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 125: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 126: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 127: Data Table on Germany - Year-over-year growth 2022-2027 (%)

10.12 India - Market size and forecast 2022-2027
- Exhibit 128: Chart on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 129: Data Table on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 130: Chart on India - Year-over-year growth 2022-2027 (%)
- Exhibit 131: Data Table on India - Year-over-year growth 2022-2027 (%)

10.13 Market opportunity by geography
- Exhibit 132: Market opportunity by geography ($ million)

11 Drivers, Challenges, and Trends

11.1 Market drivers

11.2 Market challenges

11.3 Impact of drivers and challenges
- Exhibit 133: Impact of drivers and challenges in 2022 and 2027

11.4 Market trends

12 Vendor Landscape

12.1 Overview

12.2 Vendor landscape
- Exhibit 134: Overview on Criticality of inputs and Factors of differentiation

12.3 Landscape disruption
- Exhibit 135: Overview on factors of disruption

12.4 Industry risks
- Exhibit 136: Impact of key risks on business

13 Vendor Analysis

13.1 Vendors covered
- Exhibit 137: Vendors covered

13.2 Market positioning of vendors
- Exhibit 138: Matrix on vendor position and classification

13.3 A. O. Smith Corp.
- Exhibit 139: A. O. Smith Corp. - Overview
- Exhibit 140: A. O. Smith Corp. - Business segments
- Exhibit 141: A. O. Smith Corp. - Key offerings
- Exhibit 142: A. O. Smith Corp. - Segment focus

13.4 AB Electrolux
- Exhibit 143: AB Electrolux - Overview
- Exhibit 144: AB Electrolux - Business segments
- Exhibit 145: AB Electrolux - Key offerings
- Exhibit 146: AB Electrolux - Segment focus

13.5 Ariston Holding NV
- Exhibit 147: Ariston Holding NV - Overview
- Exhibit 148: Ariston Holding NV - Product / Service
- Exhibit 149: Ariston Holding NV - Key news
- Exhibit 150: Ariston Holding NV - Key offerings

13.6 Ferroli Spa
- Exhibit 151: Ferroli Spa - Overview
- Exhibit 152: Ferroli Spa - Product / Service
- Exhibit 153: Ferroli Spa - Key offerings

13.7 Haier Smart Home Co. Ltd.
- Exhibit 154: Haier Smart Home Co. Ltd. - Overview
- Exhibit 155: Haier Smart Home Co. Ltd. - Business segments
- Exhibit 156: Haier Smart Home Co. Ltd. - Key offerings
- Exhibit 157: Haier Smart Home Co. Ltd. - Segment focus

13.8 Havells India Ltd.
- Exhibit 158: Havells India Ltd. - Overview
- Exhibit 159: Havells India Ltd. - Business segments
- Exhibit 160: Havells India Ltd. - Key news
- Exhibit 161: Havells India Ltd. - Key offerings
- Exhibit 162: Havells India Ltd. - Segment focus

13.9 Lennox International Inc.
- Exhibit 163: Lennox International Inc. - Overview
- Exhibit 164: Lennox International Inc. - Business segments
- Exhibit 165: Lennox International Inc. - Key offerings
- Exhibit 166: Lennox International Inc. - Segment focus

13.10 Midea India Pvt. Ltd.
- Exhibit 167: Midea India Pvt. Ltd. - Overview
- Exhibit 168: Midea India Pvt. Ltd. - Product / Service
- Exhibit 169: Midea India Pvt. Ltd. - Key offerings

13.11 Noritz Corp.
- Exhibit 170: Noritz Corp. - Overview
- Exhibit 171: Noritz Corp. - Product / Service
- Exhibit 172: Noritz Corp. - Key offerings

13.12 Rinnai Corp.
- Exhibit 173: Rinnai Corp. - Overview
- Exhibit 174: Rinnai Corp. - Business segments
- Exhibit 175: Rinnai Corp. - Key offerings
- Exhibit 176: Rinnai Corp. - Segment focus

13.13 Robert Bosch GmbH
- Exhibit 177: Robert Bosch GmbH - Overview
- Exhibit 178: Robert Bosch GmbH - Business segments
- Exhibit 179: Robert Bosch GmbH - Key news
- Exhibit 180: Robert Bosch GmbH - Key offerings
- Exhibit 181: Robert Bosch GmbH - Segment focus

13.14 STIEBEL ELTRON GmbH and Co. KG
- Exhibit 182: STIEBEL ELTRON GmbH and Co. KG - Overview
- Exhibit 183: STIEBEL ELTRON GmbH and Co. KG - Product / Service
- Exhibit 184: STIEBEL ELTRON GmbH and Co. KG - Key offerings

13.15 Transform Holdco LLC
- Exhibit 185: Transform Holdco LLC - Overview
- Exhibit 186: Transform Holdco LLC - Product / Service
- Exhibit 187: Transform Holdco LLC - Key offerings

13.16 Vaillant Group
- Exhibit 188: Vaillant Group - Overview
- Exhibit 189: Vaillant Group - Product / Service
- Exhibit 190: Vaillant Group - Key offerings

13.17 Whirlpool Corp.
- Exhibit 191: Whirlpool Corp. - Overview
- Exhibit 192: Whirlpool Corp. - Business segments
- Exhibit 193: Whirlpool Corp. - Key offerings
- Exhibit 194: Whirlpool Corp. - Segment focus

14 Appendix

14.1 Scope of the report

14.2 Inclusions and exclusions checklist
- Exhibit 195: Inclusions checklist
- Exhibit 196: Exclusions checklist

14.3 Currency conversion rates for US$
- Exhibit 197: Currency conversion rates for US$

14.4 Research methodology
- Exhibit 198: Research methodology
- Exhibit 199: Validation techniques employed for market sizing
- Exhibit 200: Information sources

14.5 List of abbreviations
- Exhibit 201: List of abbreviations

Methodology

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

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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?

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