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Water Heating Market Share
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
Why is the demand for water heaters rising?
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.
What is the size of the water heating market?
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.
How big is the Europe water heating industry?
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.
Who are the leading water heating industry 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.