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Electric Water Heater Market Share

Report ID: GMI680
Published Date: Oct 2023
Report Format: PDF

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Electric Water Heater Market Share

Eminent players operating in the Electric water heater industry are:

A. O. Smith
Ariston Holding N.V.
Bosch Thermotechnology Corp.
Bradford White Corporation
GE Appliances
Haier Inc.
Racold
Rheem Manufacturing Compan
Whirlpool Corporation
Rinnai Corporation
State Industries
FERROLI S.p.A
Havells India Ltd.
Hubbell Heaters
Vaillant
Nihon Itomic Co., Ltd.
Viessmann
Watts
STIEBEL ELTRON GmbH & Co. KG
American Standard Water Heaters
Zenith Water Heaters
LINUO RITTER INTERNATIONAL CO. LTD.
Groupe Atlantic

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of electric water heater was exceeded USD 22.1 billion in 2022 and is anticipated to cross over USD 33.8 billion by 2032, driven by rising adoption to heat water for various domestic purposes, primarily for bathing, washing, and cleaning.

Demand for storage electric water heaters reached USD 12.4 billion in 2022, proplled by the surge in the number of multi-family & single-family apartments.

residential electric water heater market valuation is projected to surpass USD 23.9 billion by 2032, due to the rapid expansion of the existing grid networks.

Asia Pacific market for electric water heater is expected to witness more than 5.5% from 2023 to 2032, due to the increasing investments toward infrastructure development along with ongoing government mandates to reduce the carbon emissions.