The Electric Water Heaters and Immersion Heaters market in Germany saw substantial fluctuations from 2013, starting with a steady increase until 2015. Post-2016, the market faced some setbacks, with values declining until a significant rebound in 2020. By 2023, the market reached a value of 104.02 million Euros, showing a 2.92% year-on-year increase over 2022. The past five years highlight a consistent upward trajectory, as evidenced by a 3.55% average annual growth rate (CAGR).
- 2013-2015: Initial growth spurt
- 2015-2019: Period of decline
- 2020 onwards: Renewed growth
Looking forward, the market is likely to experience modest growth driven by increasing environmental regulations promoting energy efficiency, as well as technological advancements that result in more cost-effective and user-friendly electric water heating solutions. Additionally, the shift towards renewable energy sources may further impact market dynamics.
| # | 8 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 512,470,000 | 2023 | +1.77% | +2.28% | View data |
| 2 | 2 United Kingdom | 254,860,000 | 2023 | +0.17% | +0.21% | View data |
| 3 | 3 Germany | 104,020,000 | 2023 | +2.92% | +3.55% | |
| 4 | 4 Spain | 98,417,000 | 2023 | +1.23% | +1.95% | View data |
| 5 | 5 Poland | 96,758,000 | 2023 | +3.83% | +2.9% | View data |
