Between 2013 and 2023, Croatia's electric water heaters and immersion heaters market value per capita increased from €2.96 to €5.23, showcasing a positive growth trend. The largest growth occurred from 2016 to 2017 with a year-on-year increase of 24.17%. In the last two years, from 2021 to 2023, the market demonstrated steady growth, with increments of 4.58% in 2022 and 4.39% in 2023. Over the last five years, the market experienced a compound annual growth rate (CAGR) of approximately 3.24%.
Future trends to watch for:
- Growing preference for energy-efficient appliances, driving demand.
- Potential impact of increased green energy adoption.
- Influence of government policies and incentives promoting renewable energy solutions.
How does Croatia rank in Electric Water Heaters and Immersion Heaters Market Size Value Per Capita?
| # | 8 Countries | Euros Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 France | 7.58 | 2023 | View data | ||
| 2 | 2 Croatia | 5.23 | 2023 | |||
| 3 | 3 Estonia | 4.69 | 2023 | View data | ||
| 4 | 4 United Kingdom | 3.76 | 2023 | View data | ||
| 5 | 5 Poland | 2.55 | 2023 | View data | ||
