In 2023, the European electric water heaters and immersion heaters market was led by France with a value of 512.47 million euros, followed by the United Kingdom at 254.86 million euros, and Germany at 104.02 million euros. Spain and Poland trailed with values of 98.417 and 96.758 million euros, respectively. Smaller markets included Romania, Croatia, and Estonia. Year-on-year variations in 2023 indicated modest growth, with Germany and Romania showing higher increases at 3.55% and 4.1%, respectively.
Future trends forecast continued moderate growth across the region, driven by increasing energy efficiency regulations, rising adoption of renewable energies, and growing consumer demand for sustainable heating solutions. Technological advancements and policy support will be pivotal in shaping the market landscape.
Top countries in Electric Water Heaters and Immersion Heaters Market Size Value by Country
| # | 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% | View data |
| 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 |
| 6 | 6 Romania | 37,010,000 | 2023 | +4.33% | +4.1% | View data |
| 7 | 7 Croatia | 21,198,000 | 2023 | +4.24% | +2.41% | View data |
| 8 | 8 Estonia | 6,112,600 | 2023 | +2.73% | +2.36% | View data |
