In 2023, Italy led the European production of electric water heaters and immersion heaters with 3.86 million units, followed by Poland with 2.06 million units. Serbia and Bulgaria also showed significant production levels at 1.43 million and 1.34 million units, respectively. France and the UK saw production declines, with France down by 2.83% and the UK by 4.52%. Bulgaria and the Netherlands showed notable growth rates, with Bulgaria increasing by 4.87% and the Netherlands by 10.49%. In terms of smaller markets, Greece and Estonia exhibited growth, whereas Croatia experienced a sharp 11.74% decline.
Future trends to watch include the continued expansion of renewable energy sources and energy-efficient appliances, which might drive demand for electric water heaters. Countries with decreasing production, such as France and the UK, may need to adapt to shifting market demands or technological advancements to remain competitive. Additionally, the shifts in manufacturing locations due to economic factors and sustainability efforts should be monitored, as they could significantly impact production patterns across Europe.
Top countries in Sold Production of Electric Water Heaters and Immersion Heaters by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 3,859,800 | 2023 | +2.95% | +3.92% | View data |
| 2 | 2 Poland | 2,061,500 | 2023 | +4.26% | +3.28% | View data |
| 3 | 3 Serbia | 1,432,200 | 2023 | +3.94% | +3.15% | View data |
| 4 | 4 Bulgaria | 1,337,200 | 2023 | +3.98% | +4.87% | View data |
| 5 | 5 France | 980,990 | 2023 | -1.66% | -2.83% | View data |
| 6 | 6 United Kingdom | 543,550 | 2023 | -0.064% | -4.52% | View data |
| 7 | 7 Netherlands | 313,790 | 2023 | +8.83% | +10.49% | View data |
| 8 | 8 Macedonia | 188,160 | 2023 | -2.15% | -0.46% | View data |
| 9 | 9 Greece | 114,180 | 2023 | +4.55% | +7.26% | View data |
| 10 | 10 Croatia | 36,700 | 2023 | -8.97% | -11.74% | View data |
