The European sold production of non-electric water heaters in 2023 showed significant activity. Germany leads the market with a production value of €597.05 million, followed by France at €154.09 million and Denmark at €100.83 million. Austria shows notable growth with a 22.16% increase from the previous year, while the United Kingdom also recorded a positive trend with a 9.28% rise. Greece and Denmark experienced slight declines. Italy, France, and the Netherlands observed modest growth. Croatia marked the highest year-on-year increase, albeit from a lower base.
Looking towards future trends, the European market is likely to see technological advancements leading to more efficient water heaters, with an increased focus on sustainable and eco-friendly solutions. Germany is expected to continue dominating the market, while countries like Austria and the UK may continue their growth trajectory. Monitoring the regulatory and environmental shifts, alongside consumer preferences, will be crucial for forecasting further trends in this industry.
Top countries in Sold Production of Water Heaters, Instantaneous or Storage, Non-Electric by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 597,050,000 | 2021 | +11.3% | View data | |
| 2 | 2 France | 154,090,000 | 2023 | +1.14% | +2.26% | View data |
| 3 | 3 Denmark | 100,830,000 | 2023 | +2.48% | -0.4% | View data |
| 4 | 4 Austria | 97,091,000 | 2023 | +22.75% | +22.16% | View data |
| 5 | 5 United Kingdom | 67,109,000 | 2023 | +4.08% | +9.28% | View data |
| 6 | 6 Greece | 63,663,000 | 2023 | +1.24% | -2.4% | View data |
| 7 | 7 Italy | 59,776,000 | 2023 | +8.58% | +5.99% | View data |
| 8 | 8 Finland | 42,909,000 | 2023 | +4.87% | -0.88% | View data |
| 9 | 9 Netherlands | 41,270,000 | 2023 | +11.2% | +2.33% | View data |
| 10 | 10 Poland | 39,744,000 | 2023 | +0.62% | -0.68% | View data |
