The Electric Water Heaters and Immersion Heaters market in Romania experienced fluctuations between 2013 and 2023, reaching a market size of 37.01 million Euros in 2023. After a significant decline in 2020, the market recovered with a notable year-on-year growth of 12.32% in 2022 and 4.33% in 2023. The compound annual growth rate (CAGR) over the last five years was 4.1%.
Future trends to watch for include:
- Increased adoption of energy-efficient technologies due to rising environmental awareness.
- Potential fluctuations influenced by economic conditions and energy prices.
- Innovation in product offerings driven by consumer preference for smart features.
| # | 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% | |
| 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 |
