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Electric Water Heater Market to grow at a CAGR of 5.56% by 2025 | Technological Innovations in Design & Higher Efficiency to Boost Growth | 17000+ Technavio Reports

Electric Water Heater Market 2021-2025: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our electric water heater market report covers the following areas:

Electric Water Heater Market 2021-2025: Vendor Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. A. O. Smith Corp., Ariston Thermo Spa, ATC Electrical and Mechanical Ltd., Bajaj Electricals Ltd., Bandini Scaldabagni SpA, Bradford White Corp., Crompton Greaves Consumer Electricals Ltd., General Electric Co., Haier Smart Home Co. Ltd., and Rinnai Corp. are some of the major market participants. The electric water heater market report offers in-depth insights into key vendor profiles which include information on the production, sustainability, and prospects of the leading companies. 

Electric Water Heater Market 2021-2025: Drivers & Challenges

The technological innovations in design and higher efficiency, government initiatives promoting energy-efficient water heating solutions, and the increased demand for electric heat pump water heaters will offer immense growth opportunities. However, the high operational and installation cost of tankless electric water heaters will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Electric Water Heater Market 2021-2025: Segmentation

  • Product
    • Storage Electric Water Heater
    • Tankless Electric Water Heater
  • End-user
    • Residential
    • Commercial
  • Distribution Channel
    • Offline
    • Online
  • Geography
    • APAC
    • North America
    • Europe
    • South America
    • MEA

Electric Water Heater Market 2021-2025:

50% of the market’s growth will originate from APAC. China, South Korea (Republic of Korea), and Japan are the key markets for electric water heaters in the region. The increase in infrastructure spending on commercial projects will facilitate the electric water heater market growth in APAC.

The electric water heater market share growth by the storage electric water heater segment will be significant for revenue-generating. This report provides an accurate prediction of the contribution of all the segments to the growth of the electric water heater market size.

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Electric Water Heater Market to grow at a CAGR of 5.56% by 2025 | Technological Innovations in Design & Higher Efficiency to Boost Growth | 17000+ Technavio Reports

Electric Water Heater Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist electric water heater market growth during the next five years
  • Estimation of the electric water heater market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the electric water heater market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of electric water heater market vendors

Related Reports:
Tankless Water Heater Market –The tankless water heater market size is expected to grow by USD 1.07 bn and record a CAGR of 4% during 2020-2024. Download a free sample now!

Water Heater Market –The water heater market has the potential to grow by USD 2.76 billion during 2020-2024, and the market’s growth momentum will accelerate at a CAGR of 2.49%. Download a free sample now!

Electric Water Heater Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

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Electric Water Heater Market to grow at a CAGR of 5.56% by 2025 | Technological Innovations in Design & Higher Efficiency to Boost Growth | 17000+ Technavio Reports

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.56%

Market growth 2021-2025

USD 6.80 billion

Market structure

Fragmented

YoY growth (%)

4.92

Regional analysis

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Electric Water Heater Market to grow at a CAGR of 5.56% by 2025 | Technological Innovations in Design & Higher Efficiency to Boost Growth | 17000+ Technavio Reports

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 50%

Key consumer countries

China, US, Japan, South Korea (Republic of Korea), and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

A. O. Smith Corp., Ariston Thermo Spa, ATC Electrical and Mechanical Ltd., Bajaj Electricals Ltd., Bandini Scaldabagni SpA, Bradford White Corp., Crompton Greaves Consumer Electricals Ltd., General Electric Co., Haier Smart Home Co. Ltd., and Rinnai Corp.

Market Dynamics

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Electric Water Heater Market to grow at a CAGR of 5.56% by 2025 | Technological Innovations in Design & Higher Efficiency to Boost Growth | 17000+ Technavio Reports

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

Electric Water Heater Market to grow at a CAGR of 5.56% by 2025 | Technological Innovations in Design & Higher Efficiency to Boost Growth | 17000+ Technavio Reports
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