In 2023, Italy led the European market for electric water heaters and immersion heaters, holding a 34.86% share, followed by Poland with 18.62% and Serbia with 12.93%. Other notable contributors included Bulgaria at 12.08% and France at 8.86%. Over the last two years, significant growth was observed in the Netherlands at 10.49%, while the United Kingdom and France experienced declines of 4.52% and 2.83% respectively. A notable increase was also seen in Greece at 7.26%, contrasted with a sharp decline in Croatia at -11.74%. The positive CAGR trends in countries like Bulgaria and Greece indicate potential growth areas over the next five years.
Looking forward, as Europe continues to push towards sustainability and cleaner energy solutions, the demand for electric water heaters and immersion heaters is expected to grow, especially in countries with increasing renewable energy adoption. Monitoring the technological advancements and government policies promoting energy efficiency will be essential to understanding future market dynamics across Europe.
Top countries in Sold Production of Electric Water Heaters and Immersion Heaters Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 34.86 | 2023 | +2.95% | +3.92% | View data |
| 2 | 2 Poland | 18.62 | 2023 | +4.26% | +3.28% | View data |
| 3 | 3 Serbia | 12.93 | 2023 | +3.94% | +3.15% | View data |
| 4 | 4 Bulgaria | 12.08 | 2023 | +3.98% | +4.87% | View data |
| 5 | 5 France | 8.86 | 2023 | -1.66% | -2.83% | View data |
| 6 | 6 United Kingdom | 4.91 | 2023 | -0.064% | -4.52% | View data |
| 7 | 7 Netherlands | 2.83 | 2023 | +8.83% | +10.49% | View data |
| 8 | 8 Macedonia | 1.7 | 2023 | -2.15% | -0.46% | View data |
| 9 | 9 Greece | 1.03 | 2023 | +4.55% | +7.26% | View data |
| 10 | 10 Croatia | 0.33 | 2023 | -8.97% | -11.74% | View data |
