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Residential water heaters primarily provide hot water for direct use (e.g., in showers and faucets) and for appliances such as dishwashers and clothes washers. There are several types of residential water heaters described below. The most common water heaters in single-family homes are storage tank type water heaters or tankless water heaters. Storage water heaters use gas (natural gas or propane), electricity or oil to heat and store water at a thermostatically controlled temperature (less than 180⁰ F) for delivery on demand. Federal appliance efficiency standards differentiate storage water heaters based on whether the rated storage volume is greater than 55 gallons or less than or equal to 55 gallons.
Residential Water Heater Market Size
M= millions and B=billions
Tankless heat water using natural gas, electricity, or propane. These units do not have a tank for storing heated water but instead use a sensor that detects the flow of water over the heat exchanger that initiates the heating element (typical volumes around 0.5 gallons). Instantaneous units are capable of delivering water at a controlled temperature of less than 180⁰F. The global market for Residential Water Heater was estimated to be worth US$ 965.7 million in 2023 and is forecast to a readjusted size of US$ 1201.2 million by 2030 with a CAGR of 3.1% during the forecast period 2024-2030 In Latin America market, key players of Residential Water Heaters include AO Smith, Rinnai, Midea, Rheem, Calorex (Ariston Thermo), etc. Top five players hold a share approximately 45%. In terms of product, the Storage Tank Type holds a share of over 50%. And in terms of application, the largest application is Gas Water Heater, with a share of over 50%. Report Scope This report aims to provide a comprehensive presentation of the global market for Residential Water Heater, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Residential Water Heater by region & country, by Type, and by Application. The Residential Water Heater market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Residential Water Heater. Market Segmentation
Report Metric
Details
Report Title
Residential Water Heater - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Forecasted Market Size in 2030
US$ 1201.2 million
CAGR(2024-2030)
3.1%
Market Size Available for Years
2019-2030
Global Residential Water Heater Companies Covered
ABB Ltd, Whirlpool, Midea Group, Rinnai, Robert Bosch, GE Appliances, Haier, Siemens, GREE
Global Residential Water Heater Market, by Region
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Residential Water Heater Market, Segment by Type
Eletric Water Heater
Gas Water Heater
Solar Water Heater
Others
Global Residential Water Heater Market, Segment by Application
Residential
Commercial
Forecast Units
USD million in value
Report Coverage
Revenue and volume forecast, company share, competitive landscape, growth factors and trends
Chapter Outline Chapter 1: Introduces the report scope of the report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. Chapter 2: Detailed analysis of Residential Water Heater manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets. Chapter 5: Sales, revenue of Residential Water Heater in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world. Chapter 6: Sales, revenue of Residential Water Heater in country level. It provides sigmate data by Type, and by Application for each country/region. Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry. Chapter 9: Conclusion.
1 Market Overview
1.1 Residential Water Heater Product Introduction
1.2 Global Residential Water Heater Market Size Forecast
1.2.1 Global Residential Water Heater Sales Value (2019-2030)
1.2.2 Global Residential Water Heater Sales Volume (2019-2030)
1.2.3 Global Residential Water Heater Sales Price (2019-2030)
1.3 Residential Water Heater Market Trends & Drivers
1.3.1 Residential Water Heater Industry Trends
1.3.2 Residential Water Heater Market Drivers & Opportunity
1.3.3 Residential Water Heater Market Challenges
1.3.4 Residential Water Heater Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered2 Competitive Analysis by Company
2.1 Global Residential Water Heater Players Revenue Ranking (2023)
2.2 Global Residential Water Heater Revenue by Company (2019-2024)
2.3 Global Residential Water Heater Players Sales Volume Ranking (2023)
2.4 Global Residential Water Heater Sales Volume by Company Players (2019-2024)
2.5 Global Residential Water Heater Average Price by Company (2019-2024)
2.6 Key Manufacturers Residential Water Heater Manufacturing Base Distribution and Headquarters
2.7 Key Manufacturers Residential Water Heater Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Residential Water Heater
2.9 Residential Water Heater Market Competitive Analysis
2.9.1 Residential Water Heater Market Concentration Rate (2019-2024)
2.9.2 Global 5 and 10 Largest Manufacturers by Residential Water Heater Revenue in 2023
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Residential Water Heater as of 2023)
2.10 Mergers & Acquisitions, Expansion3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Eletric Water Heater
3.1.2 Gas Water Heater
3.1.3 Solar Water Heater
3.1.4 Others
3.2 Global Residential Water Heater Sales Value by Type
3.2.1 Global Residential Water Heater Sales Value by Type (2019 VS 2023 VS 2030)
3.2.2 Global Residential Water Heater Sales Value, by Type (2019-2030)
3.2.3 Global Residential Water Heater Sales Value, by Type (%) (2019-2030)
3.3 Global Residential Water Heater Sales Volume by Type
3.3.1 Global Residential Water Heater Sales Volume by Type (2019 VS 2023 VS 2030)
3.3.2 Global Residential Water Heater Sales Volume, by Type (2019-2030)
3.3.3 Global Residential Water Heater Sales Volume, by Type (%) (2019-2030)
3.4 Global Residential Water Heater Average Price by Type (2019-2030)4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Residential
4.1.2 Commercial
4.2 Global Residential Water Heater Sales Value by Application
4.2.1 Global Residential Water Heater Sales Value by Application (2019 VS 2023 VS 2030)
4.2.2 Global Residential Water Heater Sales Value, by Application (2019-2030)
4.2.3 Global Residential Water Heater Sales Value, by Application (%) (2019-2030)
4.3 Global Residential Water Heater Sales Volume by Application
4.3.1 Global Residential Water Heater Sales Volume by Application (2019 VS 2023 VS 2030)
4.3.2 Global Residential Water Heater Sales Volume, by Application (2019-2030)
4.3.3 Global Residential Water Heater Sales Volume, by Application (%) (2019-2030)
4.4 Global Residential Water Heater Average Price by Application (2019-2030)5 Segmentation by Region
5.1 Global Residential Water Heater Sales Value by Region
5.1.1 Global Residential Water Heater Sales Value by Region: 2019 VS 2023 VS 2030
5.1.2 Global Residential Water Heater Sales Value by Region (2019-2024)
5.1.3 Global Residential Water Heater Sales Value by Region (2025-2030)
5.1.4 Global Residential Water Heater Sales Value by Region (%), (2019-2030)
5.2 Global Residential Water Heater Sales Volume by Region
5.2.1 Global Residential Water Heater Sales Volume by Region: 2019 VS 2023 VS 2030
5.2.2 Global Residential Water Heater Sales Volume by Region (2019-2024)
5.2.3 Global Residential Water Heater Sales Volume by Region (2025-2030)
5.2.4 Global Residential Water Heater Sales Volume by Region (%), (2019-2030)
5.3 Global Residential Water Heater Average Price by Region (2019-2030)
5.4 North America
5.4.1 North America Residential Water Heater Sales Value, 2019-2030
5.4.2 North America Residential Water Heater Sales Value by Country (%), 2023 VS 2030
5.5 Europe
5.5.1 Europe Residential Water Heater Sales Value, 2019-2030
5.5.2 Europe Residential Water Heater Sales Value by Country (%), 2023 VS 2030
5.6 Asia Pacific
5.6.1 Asia Pacific Residential Water Heater Sales Value, 2019-2030
5.6.2 Asia Pacific Residential Water Heater Sales Value by Country (%), 2023 VS 2030
5.7 South America
5.7.1 South America Residential Water Heater Sales Value, 2019-2030
5.7.2 South America Residential Water Heater Sales Value by Country (%), 2023 VS 2030
5.8 Middle East & Africa
5.8.1 Middle East & Africa Residential Water Heater Sales Value, 2019-2030
5.8.2 Middle East & Africa Residential Water Heater Sales Value by Country (%), 2023 VS 20306 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Residential Water Heater Sales Value Growth Trends, 2019 VS 2023 VS 2030
6.2 Key Countries/Regions Residential Water Heater Sales Value
6.2.1 Key Countries/Regions Residential Water Heater Sales Value, 2019-2030
6.2.2 Key Countries/Regions Residential Water Heater Sales Volume, 2019-2030
6.3 United States
6.3.1 United States Residential Water Heater Sales Value, 2019-2030
6.3.2 United States Residential Water Heater Sales Value by Type (%), 2023 VS 2030
6.3.3 United States Residential Water Heater Sales Value by Application, 2023 VS 2030
6.4 Europe
6.4.1 Europe Residential Water Heater Sales Value, 2019-2030
6.4.2 Europe Residential Water Heater Sales Value by Type (%), 2023 VS 2030
6.4.3 Europe Residential Water Heater Sales Value by Application, 2023 VS 2030
6.5 China
6.5.1 China Residential Water Heater Sales Value, 2019-2030
6.5.2 China Residential Water Heater Sales Value by Type (%), 2023 VS 2030
6.5.3 China Residential Water Heater Sales Value by Application, 2023 VS 2030
6.6 Japan
6.6.1 Japan Residential Water Heater Sales Value, 2019-2030
6.6.2 Japan Residential Water Heater Sales Value by Type (%), 2023 VS 2030
6.6.3 Japan Residential Water Heater Sales Value by Application, 2023 VS 2030
6.7 South Korea
6.7.1 South Korea Residential Water Heater Sales Value, 2019-2030
6.7.2 South Korea Residential Water Heater Sales Value by Type (%), 2023 VS 2030
6.7.3 South Korea Residential Water Heater Sales Value by Application, 2023 VS 2030
6.8 Southeast Asia
6.8.1 Southeast Asia Residential Water Heater Sales Value, 2019-2030
6.8.2 Southeast Asia Residential Water Heater Sales Value by Type (%), 2023 VS 2030
6.8.3 Southeast Asia Residential Water Heater Sales Value by Application, 2023 VS 2030
6.9 India
6.9.1 India Residential Water Heater Sales Value, 2019-2030
6.9.2 India Residential Water Heater Sales Value by Type (%), 2023 VS 2030
6.9.3 India Residential Water Heater Sales Value by Application, 2023 VS 20307 Company Profiles
7.1 ABB Ltd
7.1.1 ABB Ltd Company Information
7.1.2 ABB Ltd Introduction and Business Overview
7.1.3 ABB Ltd Residential Water Heater Sales, Revenue and Gross Margin (2019-2024)
7.1.4 ABB Ltd Residential Water Heater Product Offerings
7.1.5 ABB Ltd Recent Development
7.2 Whirlpool
7.2.1 Whirlpool Company Information
7.2.2 Whirlpool Introduction and Business Overview
7.2.3 Whirlpool Residential Water Heater Sales, Revenue and Gross Margin (2019-2024)
7.2.4 Whirlpool Residential Water Heater Product Offerings
7.2.5 Whirlpool Recent Development
7.3 Midea Group
7.3.1 Midea Group Company Information
7.3.2 Midea Group Introduction and Business Overview
7.3.3 Midea Group Residential Water Heater Sales, Revenue and Gross Margin (2019-2024)
7.3.4 Midea Group Residential Water Heater Product Offerings
7.3.5 Midea Group Recent Development
7.4 Rinnai
7.4.1 Rinnai Company Information
7.4.2 Rinnai Introduction and Business Overview
7.4.3 Rinnai Residential Water Heater Sales, Revenue and Gross Margin (2019-2024)
7.4.4 Rinnai Residential Water Heater Product Offerings
7.4.5 Rinnai Recent Development
7.5 Robert Bosch
7.5.1 Robert Bosch Company Information
7.5.2 Robert Bosch Introduction and Business Overview
7.5.3 Robert Bosch Residential Water Heater Sales, Revenue and Gross Margin (2019-2024)
7.5.4 Robert Bosch Residential Water Heater Product Offerings
7.5.5 Robert Bosch Recent Development
7.6 GE Appliances
7.6.1 GE Appliances Company Information
7.6.2 GE Appliances Introduction and Business Overview
7.6.3 GE Appliances Residential Water Heater Sales, Revenue and Gross Margin (2019-2024)
7.6.4 GE Appliances Residential Water Heater Product Offerings
7.6.5 GE Appliances Recent Development
7.7 Haier
7.7.1 Haier Company Information
7.7.2 Haier Introduction and Business Overview
7.7.3 Haier Residential Water Heater Sales, Revenue and Gross Margin (2019-2024)
7.7.4 Haier Residential Water Heater Product Offerings
7.7.5 Haier Recent Development
7.8 Siemens
7.8.1 Siemens Company Information
7.8.2 Siemens Introduction and Business Overview
7.8.3 Siemens Residential Water Heater Sales, Revenue and Gross Margin (2019-2024)
7.8.4 Siemens Residential Water Heater Product Offerings
7.8.5 Siemens Recent Development
7.9 GREE
7.9.1 GREE Company Information
7.9.2 GREE Introduction and Business Overview
7.9.3 GREE Residential Water Heater Sales, Revenue and Gross Margin (2019-2024)
7.9.4 GREE Residential Water Heater Product Offerings
7.9.5 GREE Recent Development8 Industry Chain Analysis
8.1 Residential Water Heater Industrial Chain
8.2 Residential Water Heater Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Residential Water Heater Sales Model
8.5.2 Sales Channel
8.5.3 Residential Water Heater Distributors9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.2 Data Source
10.2 Author Details
10.3 Disclaimer
List of Tables Table 1. Residential Water Heater Market Trends Table 2. Residential Water Heater Market Drivers & Opportunity Table 3. Residential Water Heater Market Challenges Table 4. Residential Water Heater Market Restraints Table 5. Global Residential Water Heater Revenue by Company (2019-2024) & (US$ Million) Table 6. Global Residential Water Heater Revenue Market Share by Company (2019-2024) Table 7. Global Residential Water Heater Sales Volume by Company (2019-2024) & (K Units) Table 8. Global Residential Water Heater Sales Volume Market Share by Company (2019-2024) Table 9. Global Market Residential Water Heater Price by Company (2019-2024) & (USD/Unit) Table 10. Key Manufacturers Residential Water Heater Manufacturing Base Distribution and Headquarters Table 11. Key Manufacturers Residential Water Heater Product Type Table 12. Key Manufacturers Time to Begin Mass Production of Residential Water Heater Table 13. Global Residential Water Heater Manufacturers Market Concentration Ratio (CR5 and HHI) Table 14. Global Top Manufacturers Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Residential Water Heater as of 2023) Table 15. Mergers & Acquisitions, Expansion Plans Table 16. Global Residential Water Heater Sales Value by Type: 2019 VS 2023 VS 2030 (US$ Million) Table 17. Global Residential Water Heater Sales Value by Type (2019-2024) & (US$ Million) Table 18. Global Residential Water Heater Sales Value by Type (2025-2030) & (US$ Million) Table 19. Global Residential Water Heater Sales Market Share in Value by Type (2019-2024) & (%) Table 20. Global Residential Water Heater Sales Market Share in Value by Type (2025-2030) & (%) Table 21. Global Residential Water Heater Sales Volume by Type: 2019 VS 2023 VS 2030 (K Units) Table 22. Global Residential Water Heater Sales Volume by Type (2019-2024) & (K Units) Table 23. Global Residential Water Heater Sales Volume by Type (2025-2030) & (K Units) Table 24. Global Residential Water Heater Sales Market Share in Volume by Type (2019-2024) & (%) Table 25. Global Residential Water Heater Sales Market Share in Volume by Type (2025-2030) & (%) Table 26. Global Residential Water Heater Price by Type (2019-2024) & (USD/Unit) Table 27. Global Residential Water Heater Price by Type (2025-2030) & (USD/Unit) Table 28. Global Residential Water Heater Sales Value by Application: 2019 VS 2023 VS 2030 (US$ Million) Table 29. Global Residential Water Heater Sales Value by Application (2019-2024) & (US$ Million) Table 30. Global Residential Water Heater Sales Value by Application (2025-2030) & (US$ Million) Table 31. Global Residential Water Heater Sales Market Share in Value by Application (2019-2024) & (%) Table 32. Global Residential Water Heater Sales Market Share in Value by Application (2025-2030) & (%) Table 33. Global Residential Water Heater Sales Volume by Application: 2019 VS 2023 VS 2030 (K Units) Table 34. Global Residential Water Heater Sales Volume by Application (2019-2024) & (K Units) Table 35. Global Residential Water Heater Sales Volume by Application (2025-2030) & (K Units) Table 36. Global Residential Water Heater Sales Market Share in Volume by Application (2019-2024) & (%) Table 37. Global Residential Water Heater Sales Market Share in Volume by Application (2025-2030) & (%) Table 38. Global Residential Water Heater Price by Application (2019-2024) & (USD/Unit) Table 39. Global Residential Water Heater Price by Application (2025-2030) & (USD/Unit) Table 40. Global Residential Water Heater Sales Value by Region: 2019 VS 2023 VS 2030 (US$ Million) Table 41. Global Residential Water Heater Sales Value by Region (2019-2024) & (US$ Million) Table 42. Global Residential Water Heater Sales Value by Region (2025-2030) & (US$ Million) Table 43. Global Residential Water Heater Sales Value by Region (2019-2024) & (%) Table 44. Global Residential Water Heater Sales Value by Region (2025-2030) & (%) Table 45. Global Residential Water Heater Sales Volume by Region (K Units): 2019 VS 2023 VS 2030 Table 46. Global Residential Water Heater Sales Volume by Region (2019-2024) & (K Units) Table 47. Global Residential Water Heater Sales Volume by Region (2025-2030) & (K Units) Table 48. Global Residential Water Heater Sales Volume by Region (2019-2024) & (%) Table 49. Global Residential Water Heater Sales Volume by Region (2025-2030) & (%) Table 50. Global Residential Water Heater Average Price by Region (2019-2024) & (USD/Unit) Table 51. Global Residential Water Heater Average Price by Region (2025-2030) & (USD/Unit) Table 52. Key Countries/Regions Residential Water Heater Sales Value Growth Trends, (US$ Million): 2019 VS 2023 VS 2030 Table 53. Key Countries/Regions Residential Water Heater Sales Value, (2019-2024) & (US$ Million) Table 54. Key Countries/Regions Residential Water Heater Sales Value, (2025-2030) & (US$ Million) Table 55. Key Countries/Regions Residential Water Heater Sales Volume, (2019-2024) & (K Units) Table 56. Key Countries/Regions Residential Water Heater Sales Volume, (2025-2030) & (K Units) Table 57. ABB Ltd Company Information Table 58. ABB Ltd Introduction and Business Overview Table 59. ABB Ltd Residential Water Heater Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2019-2024) Table 60. ABB Ltd Residential Water Heater Product Offerings Table 61. ABB Ltd Recent Development Table 62. Whirlpool Company Information Table 63. Whirlpool Introduction and Business Overview Table 64. Whirlpool Residential Water Heater Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2019-2024) Table 65. Whirlpool Residential Water Heater Product Offerings Table 66. Whirlpool Recent Development Table 67. Midea Group Company Information Table 68. Midea Group Introduction and Business Overview Table 69. Midea Group Residential Water Heater Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2019-2024) Table 70. Midea Group Residential Water Heater Product Offerings Table 71. Midea Group Recent Development Table 72. Rinnai Company Information Table 73. Rinnai Introduction and Business Overview Table 74. Rinnai Residential Water Heater Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2019-2024) Table 75. Rinnai Residential Water Heater Product Offerings Table 76. Rinnai Recent Development Table 77. Robert Bosch Company Information Table 78. Robert Bosch Introduction and Business Overview Table 79. Robert Bosch Residential Water Heater Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2019-2024) Table 80. Robert Bosch Residential Water Heater Product Offerings Table 81. Robert Bosch Recent Development Table 82. GE Appliances Company Information Table 83. GE Appliances Introduction and Business Overview Table 84. GE Appliances Residential Water Heater Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2019-2024) Table 85. GE Appliances Residential Water Heater Product Offerings Table 86. GE Appliances Recent Development Table 87. Haier Company Information Table 88. Haier Introduction and Business Overview Table 89. Haier Residential Water Heater Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2019-2024) Table 90. Haier Residential Water Heater Product Offerings Table 91. Haier Recent Development Table 92. Siemens Company Information Table 93. Siemens Introduction and Business Overview Table 94. Siemens Residential Water Heater Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2019-2024) Table 95. Siemens Residential Water Heater Product Offerings Table 96. Siemens Recent Development Table 97. GREE Company Information Table 98. GREE Introduction and Business Overview Table 99. GREE Residential Water Heater Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2019-2024) Table 100. GREE Residential Water Heater Product Offerings Table 101. GREE Recent Development Table 102. Key Raw Materials Lists Table 103. Raw Materials Key Suppliers Lists Table 104. Residential Water Heater Downstream Customers Table 105. Residential Water Heater Distributors List Table 106. Research Programs/Design for This Report Table 107. Key Data Information from Secondary Sources Table 108. Key Data Information from Primary Sources List of Figures Figure 1. Residential Water Heater Product Picture Figure 2. Global Residential Water Heater Sales Value, 2019 VS 2023 VS 2030 (US$ Million) Figure 3. Global Residential Water Heater Sales Value (2019-2030) & (US$ Million) Figure 4. Global Residential Water Heater Sales Volume (2019-2030) & (K Units) Figure 5. Global Residential Water Heater Sales Price (2019-2030) & (USD/Unit) Figure 6. Residential Water Heater Report Years Considered Figure 7. Global Residential Water Heater Players Revenue Ranking (2023) & (US$ Million) Figure 8. Global Residential Water Heater Players Sales Volume Ranking (2023) & (K Units) Figure 9. The 5 and 10 Largest Manufacturers in the World: Market Share by Residential Water Heater Revenue in 2023 Figure 10. Residential Water Heater Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2019 VS 2023 Figure 11. Eletric Water Heater Picture Figure 12. Gas Water Heater Picture Figure 13. Solar Water Heater Picture Figure 14. Others Picture Figure 15. Global Residential Water Heater Sales Value by Type (2019 VS 2023 VS 2030) & (US$ Million) Figure 16. Global Residential Water Heater Sales Value Market Share by Type, 2023 & 2030 Figure 17. Global Residential Water Heater Sales Volume by Type (2019 VS 2023 VS 2030) & (K Units) Figure 18. Global Residential Water Heater Sales Volume Market Share by Type, 2023 & 2030 Figure 19. Global Residential Water Heater Price by Type (2019-2030) & (USD/Unit) Figure 20. Product Picture of Residential Figure 21. Product Picture of Commercial Figure 22. Global Residential Water Heater Sales Value by Application (2019 VS 2023 VS 2030) & (US$ Million) Figure 23. Global Residential Water Heater Sales Value Market Share by Application, 2023 & 2030 Figure 24. Global Residential Water Heater Sales Volume by Application (2019 VS 2023 VS 2030) & (K Units) Figure 25. Global Residential Water Heater Sales Volume Market Share by Application, 2023 & 2030 Figure 26. Global Residential Water Heater Price by Application (2019-2030) & (USD/Unit) Figure 27. North America Residential Water Heater Sales Value (2019-2030) & (US$ Million) Figure 28. North America Residential Water Heater Sales Value by Country (%), 2023 VS 2030 Figure 29. Europe Residential Water Heater Sales Value (2019-2030) & (US$ Million) Figure 30. Europe Residential Water Heater Sales Value by Country (%), 2023 VS 2030 Figure 31. Asia Pacific Residential Water Heater Sales Value (2019-2030) & (US$ Million) Figure 32. Asia Pacific Residential Water Heater Sales Value by Country (%), 2023 VS 2030 Figure 33. South America Residential Water Heater Sales Value (2019-2030) & (US$ Million) Figure 34. South America Residential Water Heater Sales Value by Country (%), 2023 VS 2030 Figure 35. Middle East & Africa Residential Water Heater Sales Value (2019-2030) & (US$ Million) Figure 36. Middle East & Africa Residential Water Heater Sales Value by Country (%), 2023 VS 2030 Figure 37. Key Countries/Regions Residential Water Heater Sales Value (%), (2019-2030) Figure 38. Key Countries/Regions Residential Water Heater Sales Volume (%), (2019-2030) Figure 39. United States Residential Water Heater Sales Value, (2019-2030) & (US$ Million) Figure 40. United States Residential Water Heater Sales Value by Type (%), 2023 VS 2030 Figure 41. United States Residential Water Heater Sales Value by Application (%), 2023 VS 2030 Figure 42. Europe Residential Water Heater Sales Value, (2019-2030) & (US$ Million) Figure 43. Europe Residential Water Heater Sales Value by Type (%), 2023 VS 2030 Figure 44. Europe Residential Water Heater Sales Value by Application (%), 2023 VS 2030 Figure 45. China Residential Water Heater Sales Value, (2019-2030) & (US$ Million) Figure 46. China Residential Water Heater Sales Value by Type (%), 2023 VS 2030 Figure 47. China Residential Water Heater Sales Value by Application (%), 2023 VS 2030 Figure 48. Japan Residential Water Heater Sales Value, (2019-2030) & (US$ Million) Figure 49. Japan Residential Water Heater Sales Value by Type (%), 2023 VS 2030 Figure 50. Japan Residential Water Heater Sales Value by Application (%), 2023 VS 2030 Figure 51. South Korea Residential Water Heater Sales Value, (2019-2030) & (US$ Million) Figure 52. South Korea Residential Water Heater Sales Value by Type (%), 2023 VS 2030 Figure 53. South Korea Residential Water Heater Sales Value by Application (%), 2023 VS 2030 Figure 54. Southeast Asia Residential Water Heater Sales Value, (2019-2030) & (US$ Million) Figure 55. Southeast Asia Residential Water Heater Sales Value by Type (%), 2023 VS 2030 Figure 56. Southeast Asia Residential Water Heater Sales Value by Application (%), 2023 VS 2030 Figure 57. India Residential Water Heater Sales Value, (2019-2030) & (US$ Million) Figure 58. India Residential Water Heater Sales Value by Type (%), 2023 VS 2030 Figure 59. India Residential Water Heater Sales Value by Application (%), 2023 VS 2030 Figure 60. Residential Water Heater Industrial Chain Figure 61. Residential Water Heater Manufacturing Cost Structure Figure 62. Channels of Distribution (Direct Sales, and Distribution) Figure 63. Bottom-up and Top-down Approaches for This Report Figure 64. Data Triangulation Figure 65. Key Executives Interviewed
Residential water heaters primarily provide hot water for direct use (e.g., in showers and faucets) and for appliances such as dishwashers and clothes washers. There are several types of residential water heaters described below. The most common water heaters in single-family homes are storage tank type water heaters or tankless water heaters. Storage water heaters use gas (natural gas or propane), electricity or oil to heat and store water at a thermostatically controlled temperature (less than 180⁰ F) for delivery on demand. Federal appliance efficiency standards differentiate storage water heaters based on whether the rated storage volume is greater than 55 gallons or less than or equal to 55 gallons.
Tankless heat water using natural gas, electricity, or propane. These units do not have a tank for storing heated water but instead use a sensor that detects the flow of water over the heat exchanger that initiates the heating element (typical volumes around 0.5 gallons). Instantaneous units are capable of delivering water at a controlled temperature of less than 180⁰F. The global market for Residential Water Heater was estimated to be worth US$ 965.7 million in 2023 and is forecast to a readjusted size of US$ 1201.2 million by 2030 with a CAGR of 3.1% during the forecast period 2024-2030 In Latin America market, key players of Residential Water Heaters include AO Smith, Rinnai, Midea, Rheem, Calorex (Ariston Thermo), etc. Top five players hold a share approximately 45%. In terms of product, the Storage Tank Type holds a share of over 50%. And in terms of application, the largest application is Gas Water Heater, with a share of over 50%. Report Scope This report aims to provide a comprehensive presentation of the global market for Residential Water Heater, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Residential Water Heater by region & country, by Type, and by Application. The Residential Water Heater market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Residential Water Heater. Market Segmentation
Chapter Outline Chapter 1: Introduces the report scope of the report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. Chapter 2: Detailed analysis of Residential Water Heater manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets. Chapter 5: Sales, revenue of Residential Water Heater in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world. Chapter 6: Sales, revenue of Residential Water Heater in country level. It provides sigmate data by Type, and by Application for each country/region. Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry. Chapter 9: Conclusion.
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English
Simon Lee
English
Hitesh
Chinese
Damon
Japanese
Tang Xin
Korean
Sung-Bin Yoon
Competition
Key players, new entrants,acquisitions, mergers and expansions,development trends and challenges.
Industry Analysis
Rawmaterial, application, product type, demand,supply,downstream, supply chain etc.
Market Size
Capacity, production, sales, revenue, price, cost etc.
Customized Information
We can offer customized survey and information to meet ourclient's need.
Fastest report delivery service
More than 17 years of vast experience
Operation for 24 * 7 & 365 days
In-depth and comprehensive analysis
Professional and timely after-sales service
Owns large database
English
Simon Lee
English
Hitesh
Chinese
Damon
Japanese
Tang Xin
Korean
Sung-Bin Yoon
Competition
Key players, new entrants,acquisitions, mergers and expansions,development trends and challenges.
Industry Analysis
Rawmaterial, application, product type, demand,supply,downstream, supply chain etc.
Market Size
Capacity, production, sales, revenue, price, cost etc.
Customized Information
We can offer customized survey and information to meet ourclient's need.
Fastest report delivery service
More than 17 years of vast experience
Operation for 24 * 7 & 365 days
In-depth and comprehensive analysis
Professional and timely after-sales service
Owns large database
Add to Cart
Buy Now