In 2023, Germany led European imports of electric water heaters and immersion heaters, commanding 38.24% of the total market share, followed by the Netherlands (10.98%), and the United Kingdom (10.57%). While Germany saw significant growth of 13.43% year-on-year, Hungary posted the highest increase at 20.21%, whereas Denmark and Greece experienced declines of 6.77% and 17.97%, respectively. Malta, despite a smaller share, had an impressive surge of 28.44%. The collective market witnessed varied dynamics, with overall growth being healthy in most major markets.
Future trends to watch include:
- Shifts towards energy efficiency and sustainability could drive demand in environmentally conscious countries.
- Emerging markets with increasing urbanization might see heightened imports.
- Technological advancements and competitive pricing could alter country import dynamics.
Top countries in Import of Electric Water Heaters and Immersion Heaters Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 38.24 | 2023 | +14.77% | +13.43% | View data |
| 2 | 2 Netherlands | 10.98 | 2023 | +17.75% | +10.63% | View data |
| 3 | 3 United Kingdom | 10.57 | 2023 | +3.57% | +2.2% | View data |
| 4 | 4 Poland | 7.34 | 2023 | +2.47% | +4.19% | View data |
| 5 | 5 Czechia | 4.49 | 2023 | |||
| 6 | 6 Spain | 3.72 | 2023 | +6.07% | -0.68% | View data |
| 7 | 7 Italy | 3.49 | 2023 | +9.24% | +0.7% | View data |
| 8 | 8 Slovenia | 3.36 | 2023 | +6.45% | +9.95% | View data |
| 9 | 9 France | 3.17 | 2023 | +3.5% | +5.18% | View data |
| 10 | 10 Hungary | 2.4 | 2023 | +4.51% | +20.21% | View data |
