Electric Water Heater Market by Product and Application - Global Industry Analysis and Forecast to 2022

2018-05-30 / 3800.00 / Electronics / 100 Pages

Description

Industry Trend Analysis

In 2012, the global electric water heaters market was valued around USD 14.67 billion and is anticipated to reach approximately USD 31.36 billion by 2022 while maintaining a compound annual growth rate (CAGR) of 7.08% during the forecast period owing to rising residential housing projects across the world. Rising tank less water heaters demand and increasing disposable earnings is expected to fuel the growth of the global market. Factors like temperature control across longer period, energy efficiency, and enhanced environmental sustainability are projected to boost the products demand. Rising demand for wide household applications like cleaning, bathing, and cooking, plus from commercial areas like hotels and hospital may drive the growth of global electric water heaters market. Enhanced infrastructure in rural regions is expected to unlock a new opportunity for industry participants. The electric water heaters market is distinguished by amplified energy efficiency, safety awareness, and quality standards. Electricity fluctuation and shortages might hamper the global market growth. Rising preference for alternative fuels like solar power as well as acceptance of hybrid products might act as restraining factors for growth of global market during the forecast period. Hybrid water heater functions on over two energy sources thus rendering switching choice to users. Volatile raw material prices, Increasing electricity prices, and changes in government policies are anticipated to hinder the market demand.



Product Outlook and Trend Analysis

The global electric water heaters industry is progressively shifting towards tank less from storage products. Though, storage is still anticipated to be the major product section during the projected period. Electric water heaters with storage are growingly being utilized in regions where availability of electricity is inadequate, which facilitates uninterrupted hot water availability in these areas. Tank less water heaters do not have any storage space; they supply hot water on demand by heating water simultaneously. These tanks use attached water stream triggered switch that switches on the heating system that includes the heat exchanger. The heat exchanger is generally constituted of an electric heating coil. The product efficiency is calculated in terms of an amount of hot water rendered per minute. As précised by U.S. Department of Energy (DOE), water heaters are ranked by the highest achievable temperature rise at a specified flow rate.

Application Outlook and Trend Analysis

Residential applications segment involve bathing, cooking, cleaning, and space heating. The residential segment is expected to continue to be a major application during the forecast years. This section includes products that range from 120V to 240V. Single phase 120V water heater with 2.7 gallons of capacity is used commonly as under sink attachments for washing out sinks owing to low capacity necessities. The commercial water heaters are employed in places of apartment houses, business, hospitals, commercial buildings, and hotels. Rising commercial development like schools, hotels, restaurants, etc. might fuel the growth of the electric water heaters market.

Regional Outlook and Trend Analysis

Asia Pacific region is expected to be the major regional market during the projected period due to developing markets like India and China. The North American electric water heaters regional market is likely to experience growth mainly owing to rising demand for replacement. The correction to the National Energy Conservation Act during April 2015 and strict energy efficiency standards might hamper the growth of North American market.

Competitive Outlook and Trend Analysis

Major market players in global electric water heaters market are AquaMax, A. O. Smith Corporation, Ariston Thermo (Racold), Bradford White Corporation, Bosch, Eemax, Rheem Manufacturing Company, General Electric, Zenith, and Havells. Global electric water heater industry share is widely fused and the three leading market players report for over 90% of the global market share. Midea Group, AO Smith, and Haier Appliances have considerable market share in Chinese market. In addition, there are several other state-owned and private companies present in China. Racold is probably the major player in India; it is followed by Bajaj, AO Smith, Venus, Haier, and Havells. Initiatives to invest more for R&D activities will allow market participants to present superior product features. Besides, key market players are also launching new processes and products in an attempt to achieve competitive benefit.

The global electric water heaters market is segmented as follows :

By Product


Storage
Non-Storage


By Application


Residential
Commercial


By Region


North America



U.S
Canada
Mexico



Europe



Germany
France
UK
Italy
Spain
Rest of Europe



Asia-Pacific



Japan
China
Australia
India
South Korea
Rest of Asia Pacific



Rest of the World



Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others


Some of the key questions answered by the report are:


What was the market size in 2012 and forecast from 2013 to 2022`
What will be the industry market growth from 2013 to 2022`
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast`
What are the major segments leading the market growth and why`
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition`

Table of Content

Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Rising Residential and Commercial Projects
3.2.1.2. Increasing Disposable Income
3.2.2. Restraints
3.2.2.1. High Cost of Operation
3.2.3. Opportunities
3.2.3.1. Emerging Countries to Offer Lucrative Growth Opportunities
4. Electric Water Heaters Market, By Product
4.1. Introduction
4.2. Electric Water Heaters Market Assessment and Forecast, By Product, 2012-2022
4.3. Storage Electric Water Heaters
4.3.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.4. Non-Storage Electric Water Heaters
4.4.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
5. Electric Water Heaters Market, By Application
5.1. Introduction
5.2. The Electric Water Heaters Market Assessment and Forecast, By Application, 2012-2022
5.3. Residential
5.3.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
5.4. Commercial
5.4.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
6. Electric Water Heaters Market, By Region
6.1. Introduction
6.2. Electric Water Heaters Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.3. Electric Water Heaters Market Assessment and Forecast, By Application , 2012-2022 ($Million)
6.4. North America
6.4.1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)
6.4.2. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.4.3. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.4.4. U.S.
6.4.4.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.4.4.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.4.5. Canada
6.4.5.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.4.5.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.4.6. Mexico
6.4.6.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.4.6.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.5. Europe
6.5.1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)
6.5.2. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.5.3. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.5.4. Germany
6.5.4.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.5.4.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.5.5. France
6.5.5.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.5.5.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.5.6. UK
6.5.6.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.5.6.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.5.7. Italy
6.5.7.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.5.7.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.5.8. Spain
6.5.8.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.5.8.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.5.9. Rest of Europe
6.5.9.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.5.9.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.6. Asia-Pacific
6.6.1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)
6.6.2. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.6.3. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.6.4. Japan
6.6.4.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.6.4.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.6.5. China
6.6.5.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.6.5.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.6.6. Australia
6.6.6.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.6.6.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.6.7. India
6.6.7.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.6.7.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.6.8. South Korea
6.6.8.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.6.8.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.6.9. Rest of Asia-Pacific
6.6.9.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.6.9.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.7. Rest of the World
6.7.1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)
6.7.2. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.7.3. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.7.4. Brazil
6.7.4.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.7.4.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.7.5. Turkey
6.7.5.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.7.5.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.7.6. Saudi Arabia
6.7.6.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.7.6.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.7.7. South Africa
6.7.7.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.7.7.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.7.8. United Arab Emirates
6.7.8.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.7.8.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.7.9. Others
6.7.9.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.7.9.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
7. Company Profiles
7.1. A.O. Smith
7.1.1. Business Overview
7.1.2. Product Portfolio
7.1.3. Key Financials
7.1.4. Strategic Developments
7.2. AquaMAX
7.2.1. Business Overview
7.2.2. Product Portfolio
7.2.3. Key Financials
7.2.4. Strategic Developments
7.3. Ariston
7.3.1. Business Overview
7.3.2. Product Portfolio
7.3.3. Strategic Developments
7.4. Atwood
7.4.1. Business Overview
7.4.2. Product Portfolio
7.4.3. Strategic Developments
7.5. Bosch
7.5.1. Business Overview
7.5.2. Product Portfolio
7.5.3. Key Financials
7.5.4. Strategic Developments
7.6. Bradford White Corporation
7.6.1. Business Overview
7.6.2. Product Portfolio
7.6.3. Strategic Developments
7.7. Eemax
7.7.1. Business Overview
7.7.2. Product Portfolio
7.7.3. Strategic Developments
7.8. General Electric (GE)
7.8.1. Business Overview
7.8.2. Product Portfolio
7.8.3. Strategic Developments
7.9. Haier Electronics
7.9.1. Business Overview
7.9.2. Product Portfolio
7.9.3. Key Financials
7.9.4. Strategic Developments
7.10. Havells
7.10.1. Business Overview
7.10.2. Product Portfolio

7.10.3. Strategic Developments


Table of Figures

Table 1.Global Electric Water Heaters Market, By Product, 2012-2022 ($Million)
Table 2.Storage Electric Water Heaters Market, By Region, 2012-2022 ($Million)
Table 3.Non-Storage Electric Water Heaters Market, By Region, 2012-2022 ($Million)
Table 4.Electric Water Heaters Market, By Application, 2012-2022 ($Million)
Table 5.Residential Market, By Region, 2012-2022 ($Million)
Table 6.Commercial Market, By Region, 2012-2022 ($Million)
Table 7.North America Electric Water Heaters Market, By Country, 2012-2022 ($Million)
Table 8.North America Electric Water Heaters Market, By Product, 2012-2022 ($Million)
Table 9.North America Electric Water Heaters Market, By Application, 2012-2022 ($Million)
Table 10.U.S. Electric Water Heaters Market, By Product, 2012-2022 ($Million)
Table 11.U.S. Electric Water Heaters Market, By Application, 2012-2022 ($Million)
Table 12.Canada Electric Water Heaters Market, By Product, 2012-2022 ($Million)
Table 13.Canada Electric Water Heaters Market, By Application, 2012-2022 ($Million)
Table 14.Mexico Electric Water Heaters Market, By Product, 2012-2022 ($Million)
Table 15.Mexico Electric Water Heaters Market, By Application, 2012-2022 ($Million)
Table 17.Europe Electric Water Heaters Market, By Country, 2012-2022 ($Million)
Table 18.Europe Electric Water Heaters Market, By Product, 2012-2022 ($Million)
Table 19.Europe Electric Water Heaters Market, By Application, 2012-2022 ($Million)
Table 20.Germany Electric Water Heaters Market, By Product, 2012-2022 ($Million)
Table 21.Germany Electric Water Heaters Market, By Application, 2012-2022 ($Million)
Table 22.France Electric Water Heaters Market, By Product, 2012-2022 ($Million)
Table 23.France Electric Water Heaters Market, By Application, 2012-2022 ($Million)
Table 24.UK Electric Water Heaters Market, By Product, 2012-2022 ($Million)
Table 25.UK Electric Water Heaters Market, By Application, 2012-2022 ($Million)
Table 26.Italy Electric Water Heaters Market, By Product, 2012-2022 ($Million)
Table 27.Italy Electric Water Heaters Market, By Application, 2012-2022 ($Million)
Table 28.Spain Electric Water Heaters Market, By Product, 2012-2022 ($Million)
Table 29.Spain Electric Water Heaters Market, By Application, 2012-2022 ($Million)
Table 30.Rest of Europe Electric Water Heaters Market, By Product, 2012-2022 ($Million)
Table 31.Rest of Europe Electric Water Heaters Market, By Application, 2012-2022 ($Million)
Table 32.Asia-Pacific Electric Water Heaters Market, By Country, 2012-2022 ($Million)
Table 33.Asia-Pacific Electric Water Heaters Market, By Product, 2012-2022 ($Million)
Table 34.Asia-Pacific Electric Water Heaters Market, By Application, 2012-2022 ($Million)
Table 35.Japan Electric Water Heaters Market, By Product, 2012-2022 ($Million)
Table 36.Japan Electric Water Heaters Market, By Application, 2012-2022 ($Million)
Table 37.China Electric Water Heaters Market, By Product, 2012-2022 ($Million)
Table 38.China Electric Water Heaters Market, By Application, 2012-2022 ($Million)
Table 39.Australia Electric Water Heaters Market, By Product, 2012-2022 ($Million)
Table 40.Australia Electric Water Heaters Market, By Application, 2012-2022 ($Million)
Table 41.India Electric Water Heaters Market, By Product, 2012-2022 ($Million)
Table 42.India Electric Water Heaters Market, By Application, 2012-2022 ($Million)
Table 43.South Korea Electric Water Heaters Market, By Product, 2012-2022 ($Million)
Table 44.South Korea Electric Water Heaters Market, By Application, 2012-2022 ($Million)
Table 45.Rest of Asia-Pacific Electric Water Heaters Market, By Product, 2012-2022 ($Million)
Table 46.Rest of Asia-Pacific Electric Water Heaters Market, By Application, 2012-2022 ($Million)
Table 47.Rest of the World Electric Water Heaters Market, By Country, 2012-2022 ($Million)
Table 48.Rest of the World Electric Water Heaters Market, By Product, 2012-2022 ($Million)
Table 49.Rest of the World Electric Water Heaters Market, By Application, 2012-2022 ($Million)
Table 50.Brazil Electric Water Heaters Market, By Product, 2012-2022 ($Million)
Table 51.Brazil Electric Water Heaters Market, By Application, 2012-2022 ($Million)
Table 52.Turkey Electric Water Heaters Market, By Product, 2012-2022 ($Million)
Table 53.Turkey Electric Water Heaters Market, By Application, 2012-2022 ($Million)
Table 54.Saudi Arabia Electric Water Heaters Market, By Product, 2012-2022 ($Million)
Table 55.Saudi Arabia Electric Water Heaters Market, By Application, 2012-2022 ($Million)
Table 56.South Africa Electric Water Heaters Market, By Product, 2012-2022 ($Million)
Table 57.South Africa Electric Water Heaters Market, By Application, 2012-2022 ($Million)
Table 58.United Arab Emirates Electric Water Heaters Market, By Product, 2012-2022 ($Million)
Table 59.United Arab Emirates Electric Water Heaters Market, By Application, 2012-2022 ($Million)
Table 60.Others Electric Water Heaters Market, By Product, 2012-2022 ($Million)
Table 61.Others Electric Water Heaters Market, By Application, 2012-2022 ($Million)
Table 62.A.O. Smith Key Strategic Developments, 2015-2017
Table 63.AquaMAX: Key Strategic Developments, 2015-2017
Table 64.Ariston: Key Strategic Developments, 2015-2017
Table 65.Atwood: Key Strategic Developments, 2015-2017
Table 66.Bosch: Key Strategic Developments, 2015-2017
Table 67.Bradford White Corporation: Key Strategic Developments, 2015-2017
Table 68.Eemax: Key Strategic Developments, 2015-2017
Table 69.General Electric (GE): Key Strategic Developments, 2015-2017
Table 70.Haier Electronics: Key Strategic Developments, 2015-2017
Table 71.Havells: Key Strategic Developments, 2015-2017

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