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Water Heating Market Share

Report ID: GMI9758
Published Date: Jun 2024
Report Format: PDF

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Water Heating Market Share

Water Heating Company Market Share Analysis, 2023

Daikin Industries is one of the global leaders in air conditioning and climate control solutions and has a significant presence in the water heating equipment market. Renowned for their innovative technology and energy-efficient systems, the company offers a diverse range of water heaters designed to meet various residential and commercial needs. Their product line includes heat pump water heaters, which utilize renewable energy sources to provide sustainable and cost-effective hot water solutions.

Its water heating systems are known for their reliability, advanced features, and environmentally friendly operation, reflecting the company's commitment to quality and sustainability. With a strong emphasis on research and development, Daikin continues to advance the water heating industry by integrating cutting-edge technologies that enhance performance and user convenience.

Water Heating Market Companies

The key industry players include:

A.O. Smith
ALFA LAVAL
Ariston Holding N.V.
Bajaj Electricals
BDR Thermea Group
Bradford White Corporation
Crompton
DAIKIN INDUSTRIES, Ltd.
Danfoss
Emerson Electric Co.
General Electric
Group Atlantic
Haier Inc.
Haier Inc.
Havells
Honeywell International Inc.
IHI Corporation
Johnson Controls International
Lennox International
Mitsubishi Electric Corporation
Noritz
Panasonic Corporation
Rheem Manufacturing Company
Rinnai Corporation
Robert Bosch GmbH
Saudi Ceramic Company
Siemens
STIEBEL ELTRON GmbH & Co. KG
Thermax Limited
Vaillant Group
Viessmann Group

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

Global water heating industry was valued at USD 121.4 billion in 2023 and is anticipated to register 7.5% CAGR between 2024 and 2032 due to the increasing demand for water heating systems and stringent policy frameworks for the development of green buildings.

The water heater segment in the water heating industry is set to reach USD 60 billion by 2032 with rising construction expenditures and growing consumer awareness and environmental considerations.

Europe water heating market size is expected to reach USD 100 billion by 2032 due to favorable regulatory policies promoting the deployment of efficient electrical equipment and the strategic partnerships among major players.

A.O. Smith, ALFA LAVAL, Ariston Holding N.V., Bajaj Electricals, BDR Thermea Group, Bradford White Corporation, Crompton, DAIKIN INDUSTRIES, Ltd., Danfoss, and Emerson Electric Co., among others.