The import of electric water heaters and immersion heaters to Germany is projected to increase significantly over the next five years. Starting from 31.568 million items in 2024, the forecast indicates a steady growth to 45.486 million items in 2028. This represents a consistent year-on-year growth, with notable increments observed annually.
Key percentage variations are observed from 2024 to 2025 with an increase of approximately 11.2%, from 2025 to 2026 with about a 9.97% rise, from 2026 to 2027 by around 8.99%, and from 2027 to 2028 by about 8.15%. The compound annual growth rate (CAGR) over this forecast period is approximately 9.44%.
In 2023, the actual recorded import stood at approximately 28.4 million items. This sets the baseline for the strong expected demand and growth observed in subsequent years.
Future trends to watch include:
- Technological advancements in energy-efficient heaters potentially impacting demand.
- Regulatory changes in energy consumption and eco-friendliness that might influence market dynamics.
- Shifts in consumer preferences towards sustainability, potentially driving imports of newer models.
