Global storage water heater market has exceeded USD 9 Billion in 2019 and is likely to grow at around 5% CAGR between 2019 and 2025.
This report analyzes and estimates the storage water heater market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with the forecast from 2020 to 2025 based on revenue (USD Billion). The report offers detailed insights of the storage water heater market drivers and restraints along with their impact analysis at a global level from 2015 to 2025.
The report covers an in-depth analysis of the strategies adopted by major competitors in the global storage water heater market. To understand the competitive landscape in the storage water heater market, an analysis of Porter’s Five Forces model is also included. The research study comprises of market attractiveness analysis, wherein all the segments are benchmarked on the basis of their market size and growth rate.
The research study provides a decisive view on the global storage water heater market based on energy source, capacity, application, and region. All the segments of the market have been analyzed based on the past, present, and future trends. The market is estimated from 2019 to 2025.
The global storage water heater market is driven due to some key upgradations in the products such as huge water storage capacity, an optimum regulation of water pressure, and multi-usage points. Moreover, the reasonable market value of such consumer goods along with the ease in installing and operating storage water heaters also surges the global market growth. Various giant business landscapes, such as restaurants, malls, and hotels, are planning to replace their pre-installed conventional heating units with advanced energy-efficient units, thereby flourishing the global water heater market. Stringent norms imposed by different governing bodies to combat the rising CO2 emission are also driving the demand for the latest storage water heaters.
The report comprehensively segments the global storage water heater market based on energy source, capacity, application, and region. By energy source, the global industry is segmented into electric and gas. Based on capacity, the global market is bifurcated into >400 liters, 250-400 liters, 100-250 liters, 30-100 liters, and <30 liters. Application-wise, the sector is classified into commercial and residential. The regional segmentation comprises the past, present, and estimated demand for the Middle East & Africa, North America, Asia Pacific, Latin America, and Europe. The regional segment is further split into the U.S., Canada, Mexico, UK, France, Germany, China, Japan, India, South Korea, Brazil, and Argentina among others.
Some of the essential players flourishing the global storage water heater market, but not restricted to include Saudi Ceramics, Viessmann Group, A.O. Smith, General Electric Appliances, Whirlpool Corporation, Havells India Limited, State Water Heaters, Nihon Itomic, Bosch Thermotechnology, Racold, Jaquar Group, Rheem Manufacturing Company, Ariston thermo, Linuo Ritter International, Ferroli, Groupe Atlantic, Rinnai Corporation, Hubbell Inc., Bradford White Corporation, Vaillant Group, and Haier Group Corporation.
The global storage water heater market is segmented as:
Global Storage Water Heater Market: Energy Source Segmentation Analysis
Global Storage Water Heater Market: Capacity Segmentation Analysis
Global Storage Water Heater Market: Application Segmentation Analysis
Global Storage Water Heater Market: Regional Segmentation Analysis