About electric water heaters
Water heaters are one of the major consumers of energy globally. They often exceed the consumption of energy for domestic activities such as cooking, refrigeration, and lighting.
Electric storage tank water heater is the most commonly used appliance for heating water. Low-income households use biofuel, coal, and other sources of energy for heating water, but more affluent households use electricity. Thus, middle-income homes are the highest consumers of electricity for heating water.
Climate and culture play important roles in the need for hot water and dictate its usage. Variations in climate and cultures dictate the type and size of water heaters used in households as well as in commercial establishments.
Technavio's analysts forecast the global electric water heater market to grow at a CAGR of 7.42% over the period 2014-2019.
Covered in this report
The report includes the present scenario and growth prospects of the global electric water heater market for the period 2015-2019. The market can be segmented into storage and tankless electric water heaters.
Technavio's report, Global Electric Water Heater Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market in APAC, Europe, and North America; it also covers the landscape of the global electric water heater market and its growth prospects in the coming years. The report includes a discussion on the key vendors operating in this market.
Key regions
• APAC
• Europe
• North America
Key vendors
• AO Smith
• Midea Group
• Rheem Manufacturing
• Siemens
Other prominent vendors
• Ariston Thermo
• Bajaj Electricals
• Bradford White
• Crompton Greaves
• ELDOMINVEST
• Ferroli
• Haier Water Heater
• Heat Transfer Products
• Hubbell Water Heaters
• Noritz
• Rinnai
• Vanward Electric
Market driver
• Rising demand for heat pump heaters
• For a full, detailed list, view our report
Market challenge
• Insufficient supply of electricity
• For a full, detailed list, view our report
Market trend
• Emergence of smart water heaters
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
PART 01: Executive summary
Highlights
Market overview
PART 02: Scope of the report
Top-vendor offerings
Research methodology
PART 03: Market research methodology
Economic indicators
Key market highlights
PART 04: Introduction
Market overview
PART 05: Market landscape
Market size and forecast
Five forces analysis
Market overview
PART 06: Market segmentation by product
Global storage electric water heater market
Global tankless electric water heater market
Market overview
PART 07: Market segmentation by end-users
Global electric water heater market by end-users: Residential segment
Global electric water heater market by end-users: Commercial segment
PART 08: Geographical segmentation
Global electric water heater market by geography 2014-2019
Electric water heater market in APAC
Electric water heater market in Europe
Electric water heater market in North America
Rising demand for heat pump water heaters
PART 09: Market drivers
Demand for tankless water heaters
Development of residential housing sector
PART 10: Impact of drivers
Insufficient/inconsistent supply of electricity
PART 11: Market challenges
Emergence of renewable energy fuels
Evolving regulatory standards
PART 12: Impact of drivers and challenges
Emergence of smart water heaters
PART 13: Market trends
Integration with IoT
Rising number of M&A transactions
Competitive scenario
PART 14: Vendor landscape
Other prominent vendors
AO Smith
PART 15: Key vendor analysis
Midea Group
Rheem Manufacturing
Siemens
List of abbreviations
PART 16: Appendix
PART 17: Explore Technavio
List of Exhibits?
Exhibit 01: Product offerings
Exhibit 02: Global electric water heater market
Exhibit 03: Global electric water heater market 2015-2019 ($ billions)
Exhibit 04: Market segmentation by product type 2014-2019
Exhibit 05: Global storage electric water heater market 2014-2019 ($ billions)
Exhibit 06: Global tankless electric water heater market 2014-2019 ($ billions)
Exhibit 07: Market segmentation by end-users 2014-2019
Exhibit 08: Global electric water heater market by end-users: Residential segment 2014-2019 ($ billions)
Exhibit 09: Global electric water heater market by end-users: Commercial segment 2014-2019 ($ billions)
Exhibit 10: Global electric water heater market by geography 2014-2019
Exhibit 11: Electric water heater market in APAC 2014-2019 ($ billions)
Exhibit 12: Electric water heater market in Europe 2014-2019 ($ billions)
Exhibit 13: Electric water heater market in North America 2014-2019 ($ billions)
Exhibit 14: Comparison of water heaters by fuel type
Exhibit 15: International house prices (YoY percentage change)
Exhibit 16: Impact of drivers
Exhibit 17: World electricity consumption per capita (kWh)
Exhibit 18: Electricity prices for US residential and commercial sectors (cents per kWh)
Exhibit 19: Electricity prices for residential and commercial usage in Europe
Exhibit 20: Global solar water heater market ($ billions)
Exhibit 21: Global water heater market 2014-2019
Exhibit 22: Impact of drivers and challenges
Exhibit 23: Business segmentation 2014 by revenue
Exhibit 24: Business segmentation by revenue 2013 and 2014 ($ billions)
Exhibit 25: Business segmentation 2014 by revenue
Exhibit 26: Product segmentation by revenue by 2014
Exhibit 27: Geographical segmentation by revenue 2014
Exhibit 28: Business segmentation
Exhibit 29: Business segmentation by revenue 2014
Exhibit 30: Business segmentation by revenue 2013 and 2014
Exhibit 31: Geographical segmentation by revenue 2014
