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Latin America Electric Water Heater Market Share

Report ID: GMI7257
Published Date: Nov 2024
Report Format: PDF

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Latin America Electric Water Heater Market Share

Latin America Electric Water Heater Company Market Share

The competitive landscape of electric water heaters in Latin America is shaped by various factors such as regional demand, economic conditions, energy prices, local regulations, and the presence of key global and regional players. The market is growing due to increasing electricity access, rising demand for energy-efficient appliances, and the expansion of middle-class households in many countries. Growing penetration of e-commerce in the region, online retailers play a significant role in the distribution of water heaters.

Latin America Electric Water Heater Market Companies

Eminent players operating in the Latin America electric water heater industry are:

A. O. Smith
American Standard Water Heaters
Ariston Holding
Bosch Thermotechnology
Bradford White Corporation
GE Appliances
Groupe Atlantic
Linuo Ritter International
Midea
Parker Boiler Company
Rinnai Corporation
Rheem Manufacturing
Stiebel Eltron
Viessmann
Watts
Whirlpool Corporation
Westinghouse Electric Corporation

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The Latin American market for electric water heater was reached USD 7.88 billion in 2024 and is estimated to grow at a 3.8% CAGR from 2025 to 2034, driven by stringent energy efficiency standards.

The storage segment is anticipated to exceed USD 2.1 billion by 2034, due to the development of smart cities and low-emission buildings.

The residential segment is projected to grow at over a 3% CAGR by 2034, supported by low maintenance and installation costs.

The Brazil electric water heater market is expected to reach over USD 7.9 Billion by 2034, driven by heightened consumer awareness of energy-efficient units and rising disposable incomes.

Key players in the industry include A. O. Smith, American Standard Water Heaters, Ariston Holding, Bosch Thermotechnology, Bradford White Corporation, GE Appliances, Groupe Atlantic, Linuo Ritter International, Midea, Parker Boiler Company, Rinnai Corporation, Rheem Manufacturing, Stiebel Eltron, Viessmann, Watts, Whirlpool Corporation, and Westinghouse Electric Corporation.