In 2023, France's market size value per capita for electric water heaters and immersion heaters stood at €7.58. From 2013 to 2023, the market exhibited a steady growth pattern with a significant surge since 2017. The only drop was observed in 2020, likely reflecting the impact of the COVID-19 pandemic. Between 2022 and 2023, the market saw a year-on-year growth of 1.61%. Over the past five years (2019-2023), the compound annual growth rate (CAGR) was approximately 1.98%, indicating a persistent upward trend.
Future trends to watch for include:
- Increased adoption of energy-efficient and smart heaters.
- Potential market shifts driven by environmental regulations.
- Innovations in renewable energy sources integration for water heating.
How does France 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 | |||
| 2 | 2 Croatia | 5.23 | 2023 | View data | ||
| 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 | ||
