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Water Heater Market Share

Report ID: GMI2831
Published Date: Mar 2023
Report Format: PDF

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Water Heater Market Share

Key participants operating in the global water heater industry are :

Toshiba Lifestyle Products and Services Corporation
Groupe Atlantic
AERCO
Thermex Corporation
JOVEN Electric Co. Sdn.
Jaquar India
Panasonic Philippines
Viessmann
Vaillant Group International GmbH
Rheem Manufacturing Company
Racold
GE Appliances
Bradford White Corporation
Bosch Thermotechnology
Ariston Holding N.V., A. O. Smith
and Havells India Ltd.

These firms are integrating strategies such as business expansions to increase their customer base in the industry.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of water heater crossed USD 32.28 billion in 2023 and will exhibit more than 5.3% gains through 2032, considering the emphasis on energy-efficient heating system development.

The instant segment is set to reach over 104 million units by 2032, owing to the high energy savings, easy installation, low energy, and other attributes.

The APAC market value is anticipated to surpass USD 15.5 billion by 2032, due to rapid urbanization and growing consumer spending on advanced heating technologies.

Key players in the water heater industry include Toshiba Lifestyle Products and Services Corporation, Groupe Atlantic, AERCO, Thermex Corporation, Panasonic Philippines, GE Appliances, Bradford White Corporation, A. O. Smith, and Havells India Ltd., among others.