Frequently Asked Questions
The market is segmented based on , By Product (Instant and Storage), Capacity (Below 30 Liters, 30 - 100 Liters, 100 - 250 Liters, 250 - 400 Liters, and Above 400 Liters), Application (Residential, Commercial, and Industrial), Fuel (Natural gas and LPG), Product Type (Solar Heaters, Electric Heaters, Gas and Propane Heaters, and Geothermal Heaters), Storage Type (Storage Heater, Tankless Heater, and Hybrids Heater) – Industry Trends and Forecast to 2031.
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The Global Water Heater Market size was valued at USD 29.26 USD Billion in 2023.
The Global Water Heater Market is projected to grow at a CAGR of 5.06% during the forecast period of 2024 to 2031.
The major players operating in the market include Rinnai America Corporation (Japan), Ariston Thermo USA LLC (U.S.), Bradford White Corporation, USA (U.S.), Noritz America (U.S.), Ariston Holding N.V. (Italy), Rheem Manufacturing Company (U.S.), BSH Home Appliances Group (Germany), GE Appliances (U.S.), Alternate Energy Technologies (U.S.), Chromagen (Australia), V-GUARD INDUSTRIES LTD (India), Bosch Thermotechnology Corp. (Germany), Linuo Ritter International Co., Ltd (China), and Westinghouse Electric Corporation (U.S.).
The market report covers data from the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
