In 2023, Germany dominated the European export market for electric and immersion water heaters, covering more than 45% of units, followed by Czechia and Italy. Positive year-on-year growth was observed in Germany and Belgium, whereas Italy and Poland experienced declines. France and Spain markets collapsed by 100%. High growth emerged from the Netherlands, Greece, Latvia, and Luxembourg due to their smaller market sizes. Over the last five years, Germany's leadership remained strong, and significant growth was seen in emerging players like Luxembourg and Malta.
Future trends suggest continued growth for Germany due to its advanced manufacturing capabilities. Watch for potential rebounds in markets like France and Spain and rising influences of emerging Eastern European countries as they improve production capacities. Technological advancements and environmental policies will also play a crucial role in shaping exports. The sustained demand for energy-efficient products will likely enhance opportunities for innovation-driven exporters.
Top countries in Export of Electric Water Heaters and Immersion Heaters Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 45.15 | 2023 | +0.45% | +7.94% | View data |
| 2 | 2 Czechia | 13.2 | 2023 | |||
| 3 | 3 Italy | 8.29 | 2023 | -10.74% | -8.16% | View data |
| 4 | 4 Poland | 6.33 | 2023 | -2.95% | -2.15% | View data |
| 5 | 5 Belgium | 5.59 | 2023 | +5.63% | +7.63% | View data |
| 6 | 6 Bulgaria | 4.18 | 2023 | +4.51% | +5.62% | View data |
| 7 | 7 France | 3.12 | 2023 | -7.08% | View data | |
| 8 | 8 Austria | 2.5 | 2023 | +6.75% | +4.97% | View data |
| 9 | 9 Hungary | 2.09 | 2023 | +1.33% | +0.65% | View data |
| 10 | 10 Netherlands | 1.46 | 2023 | +12.26% | +13.91% | View data |
