Machinery Desk

Water Heater Market 2019 Size, Global Trends, Comprehensive Research Study, Development Status, Opportunities, Future Plans, Competitive Landscape and Growth by Forecast 2026

Pressmeddelande   •   Mar 02, 2020 16:59 CET

The main objective of this report is to define, describe, and forecast the global Mineral Feed market by types, application, manufacturers, and regions. The report provides detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market. The report aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the global market. The report also attempts to forecast the market size of the 5 main regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It strategically profiles the key market players and comprehensively analyzes their core competencies. It also tracks and analyzes the competitive developments, such as joint ventures, mergers and acquisitions, new developments, and Research and Development (R&D) activities, in Mineral Feed market.

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The global water heater market accrued $32.85 billion in 2018 and is expected to reach $48.65 billion by 2026, registering a CAGR of 5.3% from 2019 to 2026. The report provides a detailed analysis of industry dynamics, market size & estimations, major market segments, and competitive landscape.

Increase in inclination toward energy-efficient products, rise in proliferation of hotels & hospitals, and improved infrastructure in rural areas drive the growth of the global water heater market. In addition, government policies to promote use of solar water heaters supplement the market growth. However, surge in prices of conventional energy sources and technical issues and high operational cost hamper the growth of the market. On the other hand, rapid urbanization and government initiatives to adopt renewable systems to reduce carbon emissions would create new opportunities in the market.

Instant water heater segment to remain dominant throughout forecast period

Instant water heater segment contributed more than half of the total market revenue in 2017 and is expected to remain dominant throughout the forecast period. This is due to its benefits such as cost-effectiveness, efficient utilization of energy, and increased demand for quicker hot water supply. The solar water heater segment is expected to grow at the highest CAGR of 6.8% from 2019 to 2026, owing to availability of government subsidies and incentives for adopting sustainable systems, frequent power outages, economical aspects of using renewable energy sources. The report also analyzes gas and storage water heaters.

Residential segment to remain lucrative through 2026

Residential segment held the largest share in 2017, accounting for nearly half of the total market revenue. This segment is expected to register the highest CAGR of 5.8% from 2019 to 2026 due to surge in housing sector and introduction of advanced features such as digital display, timers, power-off memory, heat pumps and condensing gas-fired systems among others. The report also analyzed commercial and industrial applications.

Specialty stores segment to retain lead through 2026

Specialty stores segment contributed more than one-third of the total market revenue in 2017 and is expected to maintain its lead by 2026. This is on account of the availability of wide range of products under one roof, skilled personnel to assist in purchase, and lack of trust on online shopping platforms for purchasing large appliances. However, e-commerce is expected to register the highest CAGR of 6.9% from 2019 to 2026, owing to the growing penetration of internet, availability of discounts and schemes, and changing shopping behavior among the populace. The report also analyzes supermarket/hypermarket and other distribution channels.

North America to maintain its lion's share throughput forecast period

The water heater market in North America accounted for more than one-third of the global market revenue in 2017. It is expected to retain its dominance during the forecast period, owing to cold climatic conditions of the region, rise in demand for energy efficient systems, initiatives by government to reduce carbon footprint, and surge in focus on tourism and hospitality sectors. However, Asia-Pacific is expected to grow at the highest CAGR of 7.1% from 2019 to 2026, owing to the provision of government subsidy on solar-based systems, technological advancements in products, and increase in spending capacity in the region.

The report analyzes and forecasts the water heater market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2019 to 2026. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global water heater market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the water heater market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report provides size (in terms of volume and value) of water heater market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

The main objective of this report is to aid the user in understanding the market as a whole, its definitions, segmentation, market potential, influential trends, and the barriers that it is facing. Meticulous research and analysis were an important part of the report preparation. Those reading the report will be able to get a detailed understanding about the market. Industry experts have verified and checked the data and information that have been taken from credible sources like websites, annual reports of companies, journals, and other resources. In order give the facts and data a pictorial form, diagrams, graphs, pie charts, and other representations have been used. That augments the visual appeal of the report and makes understanding it much easier.

Competitive Landscape is the most valuable part of this report

The key players analyzed in the report include Ariston Thermo SPA, A. O. Smith Corporation, Bradford White Corporation, Bajaj Electricals Limited, Noritz Corp., Haier Electronics Group Co., Ltd., Rinnai Corporation, Rheem Manufacturing Company, Robert Bosch GmbH, and Venus Home Appliances Pvt. Ltd. Product launch has been the major strategy adopted by market players to gain a stronghold in the industry.

Key financial developments of a particular company and product & company overview are some of the elements that help in acquiring information about top vendors in the market. This particular section has also included a SWOT analysis of the companies featured in the report. This will help the audience in knowing about opportunities, strengths, threats and weaknesses that are facing by the key vendors in the chemical and material industry across the world. As the competitive landscape is the most valuable part of any report, it consists of all the required information for the detailed study of top players functioning in the industries. It is also an interesting part to find how exactly these key manufacturers implement various strategies to secure the top rank in the industry. Such an in-depth information is useful for the new entrants into the industry as they would be able to learn a bit from these key vendors. Similarly, the information provided in the research report will also be valuable for the renowned key players as well, as they come to know the strategies of their counterparts to sustain in the competitive industry.

Segmentation

By Type
Gas
Instant
Storage
Solar

By Application
Commercial
Residential
Industrial

By Distribution channel
Supermarket/Hypermarket
Specialty Stores
E-Commerce
Others (Wholesalers, distributors)

Report coverage

  • Analysis Period: 2015 – 2026
  • Base Year: 2018
  • Forecast Data: 2019 – 2026
  • Regional Scope: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Report Coverage: Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.

Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.

The study objectives of this report are:

  • To analyze and study the global water heater capacity, production, value, consumption, status (2014-2018) and forecast (2019-2026);
  • Focuses on the key water heater manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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Section 1: INTRODUCTION


1.1. REPORT DESCRIPTION
1.2. KEY MARKET SEGMENTS
1.3. KEY BENEFITS
1.4. RESEARCH METHODOLOGY


1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models


Section 2: EXECUTIVE SUMMARY


2.1. CXO PERSPECTIVE


Section 3: MARKET LANDSCAPE


3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS


3.2.1. Top investment pockets
3.2.2. Top winning strategies


3.3. PORTER'S FIVE FORCES ANALYSIS


3.3.1. Bargaining power of suppliers
3.3.2. Threat of new entrants
3.3.3. Threat of substitutes
3.3.4. Competitive rivalry
3.3.5. Bargaining power among buyers


3.4. MARKET SHARE ANALYSIS/TOP PLAYER POSITIONING
3.5. MARKET DYNAMICS


3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities


Section 4: WATER HEATER MARKET BY TYPE


4.1. OVERVIEW
4.2. GAS


4.2.1. Key market trends, Growth factors and opportunities
4.2.2. Market size and forecast by region
4.2.3. Market analysis by country


4.3. INSTANT


4.3.1. Key market trends, Growth factors and opportunities
4.3.2. Market size and forecast by region
4.3.3. Market analysis by country


4.4. STORAGE


4.4.1. Key market trends, Growth factors and opportunities
4.4.2. Market size and forecast by region
4.4.3. Market analysis by country


4.5. SOLAR


4.5.1. Key market trends, Growth factors and opportunities
4.5.2. Market size and forecast by region
4.5.3. Market analysis by country


Section 5: WATER HEATER MARKET BY APPLICATION


5.1. OVERVIEW
5.2. COMMERCIAL


5.2.1. Key market trends, Growth factors and opportunities
5.2.2. Market size and forecast by region
5.2.3. Market analysis by country


5.3. RESIDENTIAL


5.3.1. Key market trends, Growth factors and opportunities
5.3.2. Market size and forecast by region
5.3.3. Market analysis by country


5.4. INDUSTRIAL


5.4.1. Key market trends, Growth factors and opportunities
5.4.2. Market size and forecast by region
5.4.3. Market analysis by country


Section 6: WATER HEATER MARKET BY DISTRIBUTION CHANNEL


6.1. OVERVIEW
6.2. SUPERMARKET/HYPERMARKET


6.2.1. Key market trends, Growth factors and opportunities
6.2.2. Market size and forecast by region
6.2.3. Market analysis by country


6.3. SPECIALTY STORES


6.3.1. Key market trends, Growth factors and opportunities
6.3.2. Market size and forecast by region
6.3.3. Market analysis by country


6.4. ECOMMERCE


6.4.1. Key market trends, Growth factors and opportunities
6.4.2. Market size and forecast by region
6.4.3. Market analysis by country


6.5. OTHERS


6.5.1. Key market trends, Growth factors and opportunities
6.5.2. Market size and forecast by region
6.5.3. Market analysis by country


Section 7: WATER HEATER MARKET BY REGION


7.1. OVERVIEW
7.2. NORTH AMERICA


7.2.1. Key market trends and opportunities
7.2.2. Market size and forecast by Type
7.2.3. Market size and forecast by Application
7.2.4. Market size and forecast by Distribution channel
7.2.5. Market size and forecast by Country
7.2.6. U.S. WATER HEATER MARKET


7.2.6.1. Market size and forecast by Type
7.2.6.2. Market size and forecast by Application
7.2.6.3. Market size and forecast by Distribution channel


7.2.7. CANADA WATER HEATER MARKET


7.2.7.1. Market size and forecast by Type
7.2.7.2. Market size and forecast by Application
7.2.7.3. Market size and forecast by Distribution channel


7.2.8. MEXICO WATER HEATER MARKET


7.2.8.1. Market size and forecast by Type
7.2.8.2. Market size and forecast by Application
7.2.8.3. Market size and forecast by Distribution channel


7.3. EUROPE


7.3.1. Key market trends and opportunities
7.3.2. Market size and forecast by Type
7.3.3. Market size and forecast by Application
7.3.4. Market size and forecast by Distribution channel
7.3.5. Market size and forecast by Country
7.3.6. GERMANY WATER HEATER MARKET


7.3.6.1. Market size and forecast by Type
7.3.6.2. Market size and forecast by Application
7.3.6.3. Market size and forecast by Distribution channel


7.3.7. UK WATER HEATER MARKET


7.3.7.1. Market size and forecast by Type
7.3.7.2. Market size and forecast by Application
7.3.7.3. Market size and forecast by Distribution channel


7.3.8. FRANCE WATER HEATER MARKET


7.3.8.1. Market size and forecast by Type
7.3.8.2. Market size and forecast by Application
7.3.8.3. Market size and forecast by Distribution channel


7.3.9. ITALY WATER HEATER MARKET


7.3.9.1. Market size and forecast by Type
7.3.9.2. Market size and forecast by Application
7.3.9.3. Market size and forecast by Distribution channel


7.3.10. SPAIN WATER HEATER MARKET


7.3.10.1. Market size and forecast by Type
7.3.10.2. Market size and forecast by Application
7.3.10.3. Market size and forecast by Distribution channel


7.3.11. REST OF EUROPE WATER HEATER MARKET


7.3.11.1. Market size and forecast by Type
7.3.11.2. Market size and forecast by Application
7.3.11.3. Market size and forecast by Distribution channel


7.4. ASIA PACIFIC


7.4.1. Key market trends and opportunities
7.4.2. Market size and forecast by Type
7.4.3. Market size and forecast by Application
7.4.4. Market size and forecast by Distribution channel
7.4.5. Market size and forecast by Country
7.4.6. CHINA WATER HEATER MARKET


7.4.6.1. Market size and forecast by Type
7.4.6.2. Market size and forecast by Application
7.4.6.3. Market size and forecast by Distribution channel


7.4.7. INDIA WATER HEATER MARKET


7.4.7.1. Market size and forecast by Type
7.4.7.2. Market size and forecast by Application
7.4.7.3. Market size and forecast by Distribution channel


7.4.8. JAPAN WATER HEATER MARKET


7.4.8.1. Market size and forecast by Type
7.4.8.2. Market size and forecast by Application
7.4.8.3. Market size and forecast by Distribution channel


7.4.9. SOUTH KOREA WATER HEATER MARKET


7.4.9.1. Market size and forecast by Type
7.4.9.2. Market size and forecast by Application
7.4.9.3. Market size and forecast by Distribution channel


7.4.10. AUSTRALIA WATER HEATER MARKET


7.4.10.1. Market size and forecast by Type
7.4.10.2. Market size and forecast by Application
7.4.10.3. Market size and forecast by Distribution channel


7.4.11. REST OF ASIA PACIFIC WATER HEATER MARKET


7.4.11.1. Market size and forecast by Type
7.4.11.2. Market size and forecast by Application
7.4.11.3. Market size and forecast by Distribution channel


7.5. LAMEA


7.5.1. Key market trends and opportunities
7.5.2. Market size and forecast by Type
7.5.3. Market size and forecast by Application
7.5.4. Market size and forecast by Distribution channel
7.5.5. Market size and forecast by Country
7.5.6. SOUTH AFRICA WATER HEATER MARKET


7.5.6.1. Market size and forecast by Type
7.5.6.2. Market size and forecast by Application
7.5.6.3. Market size and forecast by Distribution channel


7.5.7. TURKEY WATER HEATER MARKET


7.5.7.1. Market size and forecast by Type
7.5.7.2. Market size and forecast by Application
7.5.7.3. Market size and forecast by Distribution channel


7.5.8. BRAZIL WATER HEATER MARKET


7.5.8.1. Market size and forecast by Type
7.5.8.2. Market size and forecast by Application
7.5.8.3. Market size and forecast by Distribution channel


7.5.9. SAUDI ARABIA WATER HEATER MARKET
7.5.9.1. Market size and forecast by Type
7.5.9.2. Market size and forecast by Application
7.5.9.3. Market size and forecast by Distribution channel


7.5.10. REST OF LAMEA WATER HEATER MARKET


7.5.10.1. Market size and forecast by Type
7.5.10.2. Market size and forecast by Application
7.5.10.3. Market size and forecast by Distribution channel


Section 8: COMPANY PROFILES


8.1. A. O. SMITH CORPORATION


8.1.1. Company overview
8.1.2. Business performance
8.1.3. Key strategic moves and developments


8.2. ARISTON THERMO SPA


8.2.1. Company overview
8.2.2. Business performance
8.2.3. Key strategic moves and developments


8.3. BAJAJ ELECTRICALS LIMITED


8.3.1. Company overview
8.3.2. Business performance
8.3.3. Key strategic moves and developments


8.4. BRADFORD WHITE CORPORATION


8.4.1. Company overview
8.4.2. Business performance
8.4.3. Key strategic moves and developments


8.5. HAIER ELECTRONICS GROUP CO. LTD


8.5.1. Company overview
8.5.2. Business performance
8.5.3. Key strategic moves and developments


8.6. NORITZ CORP


8.6.1. Company overview
8.6.2. Business performance
8.6.3. Key strategic moves and developments


8.7. RHEEM MANUFACTURING COMPANY


8.7.1. Company overview
8.7.2. Business performance
8.7.3. Key strategic moves and developments


8.8. RINNAI CORPORATION


8.8.1. Company overview
8.8.2. Business performance
8.8.3. Key strategic moves and developments


8.9. ROBERT BOSCH GMBH


8.9.1. Company overview
8.9.2. Business performance
8.9.3. Key strategic moves and developments


8.10. VENUS HOME APPLIANCES P LTD.


8.10.1. Company overview
8.10.2. Business performance
8.10.3. Key strategic moves and developments

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