1. Market Research
  2. > Electronics
  3. > Industrial Electronics
  4. > HVAC Market Trends
Electric Water Heater Market to 2027 - Global Analysis and Forecasts By Product ; Application

Electric Water Heater Market to 2027 - Global Analysis and Forecasts By Product ; Application

  • December 2019
  • 144 pages
  • ID: 5862101
  • Format: PDF
  • By The Insight Partners


Table of Contents

Search Inside

The global electric water heater market accounted for US$ 14.07 Bn in 2018 and is expected to grow at a CAGR of 4.9% over the forecast period 2019-2027, to account for US$ 21.47 Bn by 2027. Alike urban migration leading to a rise in the residential sector, the development of the commercial sector is also flourishing across the globe. The commercial sectors in the developed countries are constantly seeking enhanced technologies in order to serve their customers with advanced solutions, while the sector in developing countries is striving hard to improve technologically robust infrastructure. The commercial sector in the electric water heater market include commerce zones, shopping malls, hotels, hospitals, and public infrastructures. The owners or leasers of these infrastructures procure water heaters in decent quantity owing to the fact that, these infrastructure experience a significantly large footfall regularly. Intending to serve each individual in these infrastructures, the demand for a technologically robust, less energy-consuming electric water heater is at a constant rise. This factor is driving the electric water heater market.

The tourism industry is constantly enlarging in developing countries, and owing to this, the development curve of hotel infrastructure is continually upward.The rising number of hotel buildings is escalating the demand for commercial grade water heaters in the current scenario, as the hotel owners emphasize heavily on their services to their customers.

Hot water is one of the significant factors in the hospitality industry, and owing to this, the demand for water heaters is an all-time high.Apart from rooms, hot water is also used in kitchen areas of the hotels.

Owing to the fact that the electric water heaters overcome the disadvantages of gas water heaters, the demand for electric water heaters is continuously growing in the hospitality industry, thereby bolstering the revenue size of electric water heaters. Similar to the hospitality industry, the medical & healthcare sector also demands an increased quantity of electric water heaters, owing to the fact that hot water plays a critical role in hospitals and healthcare institutions.

With the growing number of hotels, hospitals, shopping malls, commerce zones, and other public infrastructures, the manufacturers of electric water heaters are endlessly developing commercial-grade electric water heaters with a wide variety of storage capacity.This factor is boosting the growth of the electric power heater market in the current scenario.

Additionally, the requirement for instant water heater in the commercial sector is anticipated to surge, which is expected to drive the annual sales of the manufacturers offering instantaneous electric water heaters to commercial industries. This factor is foreseen to create lucrative growth opportunities in electric water heater market.

The global electric water heater market is segmented product and application.On the basis of product the electric water heater market is segmented into storage and non-storage.

Based on the storage segment the electric water heater market is further sub segmented into < 30 Liters, 30 - 101 Liters, 101 - 250 Liters, 251 - 400 Liters, and > 400 Liters. On the basis of application the electric water heater market is segmented into residential, commercial, and industrial.

The global electric water heater market has also been analysed on basis of five major regions such as North America, Europe, APAC, MEA, and SAM.The major players profiled in the global electric water heater market are A.

O. Smith Corporation, Ariston Thermo Group SpA, Bajaj Electricals Ltd., Bosch Group, Bradford White Corporation (BWC), Haier Smart Home Co., Ltd., Midea Group Co., Ltd., Siemens AG, Liesmann Werke GmbH & Co. KG, and Whirlpool Corporation.

The overall global electric water heater market size has been derived using both primary and secondary source.The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the global electric water heater market.

It also provides an overview and forecast for the electric water heater market based on all the segmentation provided for the global region.Also, primary interviews were conducted with industry participants and commentators to validate data and analysis.

The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the electric water heater industry.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
20% Off


  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.


Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on