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Market Research Report

Europe Electric Water Heater Market to 2027 - Regional Analysis and Forecasts by Product (Storage, Non-storage), Application (Residential, Commercial, Industrial)

Published by The Insight Partners Product code 933105
Published Content info 83 Pages
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Europe Electric Water Heater Market to 2027 - Regional Analysis and Forecasts by Product (Storage, Non-storage), Application (Residential, Commercial, Industrial)
Published: March 31, 2020 Content info: 83 Pages
Description

The European electric water heater market was valued at US$ 3,112.6 million in 2018 and is projected to reach US$ 4,249.7 million by 2027; it is expected to grow at a CAGR of 3.5% during 2019-2027. The rising residential infrastructure worldwide is enabling the market players to operate in the electric water heater market in order to enhance their respective product range to attract a wide range of customers. The awareness of benefits and applications of electric water heaters is peaking among the urban population, owing to this; the adoption of the same is continuously growing, which in turn is furnishing the revenue size of the electric water heaters market. Moreover, the escalating migration from rural areas to urban areas in different countries, the demand for electric water heaters in the residential sector would soar in the coming years. Therefore, the urban immigration is a key influential factor for the growth of electric water heater market during the forecast period.

Based on product type, the European electric water heater market was led by a storage segment in 2018 with a decent share and is expected to continue its dominance during the forecast period. However, the non-storage segment in the electric water heater market is expected to grow at a high rate. The electric non-storage water heaters, also known as instantaneous water heaters, provide hot water instantaneously as water flows through the water heater. These water heaters do not incur the standby energy losses like storage water heaters (as, it consumes some energy when left on standby mode or even switched off), which saves the money. The non-storage water heaters can heat the water directly without the use of a storage tank. When a hot water tap is on, the cold water enters the system through a pipe and gets heated by either electric or a gas burner. The growing demand for instant water heater in the residential segment is expected to drive the growth of electric water heater market.

The overall size of the European electric water heater market has been derived using both primary and secondary sources. The research process begins with extensive secondary research using internal and external sources to obtain qualitative and quantitative information related to the European electric water heater market. It also provides an overview and forecast for the electric water heater based on all segmentation provided with respect to the European region. Also, primary interviews were conducted with industry participants and commentators in order to validate and analyze the data. The participants who take part in such a process include industry experts 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 specialized in the electric water heater industry. AO Smith Corporation, Ariston Thermo S.p.A, Bradford White Corp., Whirlpool Corporation, Haier Inc., Midea Group, Bosch Thermotechnology, Siemens AG, and Viesmann Group are among the key players present in the European electric water heater market.

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe electric water heater market.

Highlights key business priorities in order to assist companies to realign their business strategies

The key findings and recommendations highlight crucial progressive industry trends in the Europe electric water heater market, thereby allowing players across the value chain to develop effective long-term strategies

Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the market, as well as those hindering it

Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Table of Contents
Product Code: TIPRE00009991

TABLE OF CONTENTS

1. Introduction

  • 1.1 Scope of the Study
  • 1.2 The Insight Partners Research Report Guidance
  • 1.3 Market Segmentation
    • 1.3.1 Europe Electric Water Heater Market - By Product
    • 1.3.2 Europe Electric Water Heater Market - By Application
    • 1.3.3 Europe Electric Water Heater Market - By Geography

2. Key Takeaways

3. Research Methodology

  • 3.1 Coverage
  • 3.2 Secondary Research
  • 3.3 Primary Research

4. Europe Electric Water Heater Market Landscape

  • 4.1 Market Overview
  • 4.2 PEST Analysis
    • 4.2.1 Europe PEST Analysis
  • 4.3 Ecosystem Analysis

5. Europe Electric Water Heater Market - Key Industry Dynamics

  • 5.1 Key Market Drivers
    • 5.1.1 Growing urbanization to support the growth of electric water heater market
    • 5.1.2 Growing commercialization
  • 5.2 Key Market Restraints
    • 5.2.1 Rising environmental concerns and growing popularity of renewable energy sources
  • 5.3 Key Market Opportunities
    • 5.3.1 Growing commercial spaces is creating an increasing demand for electric water heaters
  • 5.4 Future Trends
    • 5.4.1 Premiumization of Electric Water Heaters
  • 5.5 Impact Analysis of Drivers and Restraints

6. Europe Electric Water Heater Market - Europe Market Analysis

  • 6.1 Europe Electric Water Heater Market Overview
  • 6.2 Europe Electric Water Heater market Forecast and Analysis

7. Europe Electric Water Heater Market - By Product

  • 7.1 Overview
  • 7.2 Electric Water Heater Market Breakdown, by Product, 2018 and 2027
  • 7.3 Storage
    • 7.3.1 Overview
    • 7.3.2 Storage Market Revenue and Forecasts to 2027 (US$ Mn)
    • 7.3.3 < 30 Litres
      • 7.3.3.1 Overview
      • 7.3.3.2 < 30 Litres Market Revenue and Forecasts to 2027 (US$ Mn)
    • 7.3.4 30 - 100 Litres
      • 7.3.4.1 Overview
      • 7.3.4.2 30 - 100 Litres Market Revenue and Forecasts to 2027 (US$ Mn)
    • 7.3.5 101 - 250 Litres
      • 7.3.5.1 Overview
      • 7.3.5.2 101 - 250 Litres Market Revenue and Forecasts to 2027 (US$ Mn)
    • 7.3.6 251 - 400 Litres
      • 7.3.6.1 Overview
      • 7.3.6.2 251 - 400 Litres Market Revenue and Forecasts to 2027 (US$ Mn)
    • 7.3.7 > 400 Litres
      • 7.3.7.1 Overview
      • 7.3.7.2 > 400 Litres Market Revenue and Forecasts to 2027 (US$ Mn)
  • 7.4 Non-Storage
    • 7.4.1 Overview
    • 7.4.2 Non-Storage Market Revenue and Forecasts to 2027 (US$ Mn)

8. Europe Electric Water Heater Market - By Application

  • 8.1 Overview
  • 8.2 Electric Water Heater Market Breakdown, by Application, 2018 & 2027
  • 8.3 Residential
    • 8.3.1 Overview
    • 8.3.2 Residential Market Revenue and Forecasts to 2027 (US$ Mn)
  • 8.4 Commercial
    • 8.4.1 Overview
    • 8.4.2 Commercial Market Revenue and Forecasts to 2027 (US$ Mn)
  • 8.5 Industrial
    • 8.5.1 Overview
    • 8.5.2 Industrial Market Revenue and Forecasts to 2027 (US$ Mn)

9. Europe Electric Water Heater Market - Country Analysis

  • 9.1 Europe Country Analysis
    • 9.1.1 Europe Electric Water Heater Market Breakdown, By Country
      • 9.1.1.1 Germany Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
        • 9.1.1.1.1 Germany Electric Water Heater Market Breakdown, By Product
        • 9.1.1.1.2 Germany Electric Water Heater Market Breakdown, By Storage Capacity
        • 9.1.1.1.3 Germany Electric Water Heater Market Breakdown, By Application
      • 9.1.1.2 UK Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
        • 9.1.1.2.1 UK Electric Water Heater Market Breakdown, By Product
        • 9.1.1.2.2 UK Electric Water Heater Market Breakdown, By Storage Capacity
        • 9.1.1.2.3 UK Electric Water Heater Market Breakdown, By Application
      • 9.1.1.3 France Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
        • 9.1.1.3.1 France Electric Water Heater Market Breakdown, By Product
        • 9.1.1.3.2 France Electric Water Heater Market Breakdown, By Storage Capacity
        • 9.1.1.3.3 France Electric Water Heater Market Breakdown, By Application
      • 9.1.1.4 Italy Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
        • 9.1.1.4.1 Italy Electric Water Heater Market Breakdown, By Product
        • 9.1.1.4.2 Italy Electric Water Heater Market Breakdown, By Storage Capacity
        • 9.1.1.4.3 Italy Electric Water Heater Market Breakdown, By Application
      • 9.1.1.5 Russia Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
        • 9.1.1.5.1 Russia Electric Water Heater Market Breakdown, By Product
        • 9.1.1.5.2 Russia Electric Water Heater Market Breakdown, By Storage Capacity
        • 9.1.1.5.3 Russia Electric Water Heater Market Breakdown, By Application
      • 9.1.1.6 Rest of Europe Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
        • 9.1.1.6.1 Rest of Europe Electric Water Heater Market Breakdown, By Product
        • 9.1.1.6.2 Rest of Europe Electric Water Heater Market Breakdown, By Storage Capacity
        • 9.1.1.6.3 Rest of Europe Electric Water Heater Market Breakdown, By Application

10. Europe Electric Water Heater Market - Industry Landscape

  • 10.1 Overview
  • 10.2 Market Initiative
  • 10.3 Merger and Acquisition
  • 10.4 New Development

11. Company Profiles

  • 11.1 A. O. Smith Corporation
    • 11.1.1 Key Facts
    • 11.1.2 Business Description
    • 11.1.3 Product and Services
    • 11.1.4 Financial Overview
    • 11.1.5 SWOT Analysis
    • 11.1.6 Key Developments
  • 11.2 Alfa Laval
    • 11.2.1 Key Facts
    • 11.2.2 Business Description
    • 11.2.3 Products and Services
    • 11.2.4 Financial Overview
    • 11.2.5 SWOT Analysis
    • 11.2.6 Key Developments
  • 11.3 Ariston Thermo Group SpA
    • 11.3.1 Key Facts
    • 11.3.2 Business Description
    • 11.3.3 Product and Services
    • 11.3.4 Financial Overview
    • 11.3.5 SWOT Analysis
    • 11.3.6 Key Developments
  • 11.4 Bosch Group
    • 11.4.1 Key Facts
    • 11.4.2 Business Description
    • 11.4.3 Product and Services
    • 11.4.4 Financial Overview
    • 11.4.5 SWOT Analysis
    • 11.4.6 Key Developments
  • 11.5 Bradford White Corporation (BWC)
    • 11.5.1 Key Facts
    • 11.5.2 Business Description
    • 11.5.3 Product and Services
    • 11.5.4 Financial Overview
    • 11.5.5 SWOT Analysis
    • 11.5.6 Key Developments
  • 11.6 Haier Smart Home Co., Ltd.
    • 11.6.1 Key Facts
    • 11.6.2 Business Description
    • 11.6.3 Product and Services
    • 11.6.4 Financial Overview
    • 11.6.5 SWOT Analysis
    • 11.6.6 Key Developments
  • 11.7 Midea Group Co., Ltd.
    • 11.7.1 Key Facts
    • 11.7.2 Business Description
    • 11.7.3 Product and Services
    • 11.7.4 Financial Overview
    • 11.7.5 SWOT Analysis
    • 11.7.6 Key Developments
  • 11.8 Siemens AG
    • 11.8.1 Key Facts
    • 11.8.2 Business Description
    • 11.8.3 Product and Services
    • 11.8.4 Financial Overview
    • 11.8.5 SWOT Analysis
    • 11.8.6 Key Developments
  • 11.9 Viessmann Werke GmbH & Co. KG
    • 11.9.1 Key Facts
    • 11.9.2 Business Description
    • 11.9.3 Product and Services
    • 11.9.4 Financial Overview
    • 11.9.5 SWOT Analysis
    • 11.9.6 Key Developments
  • 11.10 Whirlpool Corporation
    • 11.10.1 Key Facts
    • 11.10.2 Business Description
    • 11.10.3 Products and Services
    • 11.10.4
    • 11.10.5 Financial Overview
    • 11.10.6 SWOT Analysis
    • 11.10.7 Key Developments

12. Appendix

  • 12.1 About The Insight Partners
  • 12.2 Glossary of Terms

LIST OF TABLES

  • Table 1. Europe Electric Water Heater market, Revenue and Forecast to 2027 (US$ Mn)
  • Table 2. Europe Electric Water Heater Market Revenue and Forecast To 2027 - By Product (US$ Mn)
  • Table 3. Europe Electric Water Heater Market Revenue and Forecast To 2027 - By Storage Capacity (US$ Mn)
  • Table 4. Europe Electric Water Heater Market Revenue and Forecast To 2027 - By Application (US$ Mn)
  • Table 5. Germany Electric Water Heater Market Revenue and Forecast To 2027 - By Product (US$ Mn)
  • Table 6. Germany Electric Water Heater Market Revenue and Forecast To 2027 - By Storage Capacity (US$ Mn)
  • Table 7. Germany Electric Water Heater Market Revenue and Forecast To 2027 - By Application (US$ Mn)
  • Table 8. UK Electric Water Heater Market Revenue and Forecast To 2027 - By Product (US$ Mn)
  • Table 9. UK Electric Water Heater Market Revenue and Forecast To 2027 - By Storage Capacity (US$ Mn)
  • Table 10. UK Electric Water Heater Market Revenue and Forecast To 2027 - By Application (US$ Mn)
  • Table 11. France Electric Water Heater Market Revenue and Forecast To 2027 - By Product (US$ Mn)
  • Table 12. France Electric Water Heater Market Revenue and Forecast To 2027 - By Storage Capacity (US$ Mn)
  • Table 13. France Electric Water Heater Market Revenue and Forecast To 2027 - By Application (US$ Mn)
  • Table 14. Italy Electric Water Heater Market Revenue and Forecast To 2027 - By Product (US$ Mn)
  • Table 15. Italy Electric Water Heater Market Revenue and Forecast To 2027 - By Storage Capacity (US$ Mn)
  • Table 16. Italy Electric Water Heater Market Revenue and Forecast To 2027 - By Application (US$ Mn)
  • Table 17. Russia Electric Water Heater Market Revenue and Forecast To 2027 - By Product (US$ Mn)
  • Table 18. Russia Electric Water Heater Market Revenue and Forecast To 2027 - By Storage Capacity (US$ Mn)
  • Table 19. Russia Electric Water Heater Market Revenue and Forecast To 2027 - By Application (US$ Mn)
  • Table 20. Rest of Europe Electric Water Heater Market Revenue and Forecast To 2027 - By Product (US$ Mn)
  • Table 21. Rest of Europe Electric Water Heater Market Revenue and Forecast To 2027 - By Storage Capacity (US$ Mn)
  • Table 22. Rest of Europe Electric Water Heater Market Revenue and Forecast To 2027 - By Application (US$ Mn)
  • Table 23. Glossary of Term: Electric Water Heater Market

LIST OF FIGURES

  • Figure 1. Europe Electric Water Heater Market Segmentation
  • Figure 2. Europe Electric Water Heater Market Segmentation - Geography
  • Figure 3. Electric Water Heater Market, by Application
  • Figure 4. Electric Water Heater Market, by Country
  • Figure 5. Electric Water Heater Market Overview
  • Figure 6. Electric Water Heater Market : Competition Landscape
  • Figure 7. Europe PEST Analysis
  • Figure 8. Electric Water Heater Market Ecosystem Analysis
  • Figure 9. Europe Urban Population Percentage by Countries, 2018
  • Figure 10. Europe Electric Water Heater Market Impact Analysis of Drivers and Restraints
  • Figure 11. Europe Electric Water Heater market Forecast and Analysis, (US$ Mn)
  • Figure 12. Europe Electric Water Heater Market Breakdown, by Product, 2018 and 2027 (%)
  • Figure 13. Europe Storage Market Revenue and Forecasts to 2027 (US$ Mn)
  • Figure 14. Europe < 30 Liters Market Revenue and Forecasts to 2027 (US$ Mn)
  • Figure 15. Europe 30 - 100 Litres Market Revenue and Forecasts to 2027 (US$ Mn)
  • Figure 16. Europe 101 - 250 Litres Market Revenue and Forecasts to 2027 (US$ Mn)
  • Figure 17. Europe 251 - 400 Litres Market Revenue and Forecasts to 2027 (US$ Mn)
  • Figure 18. Europe > 400 Litres Market Revenue and Forecasts to 2027 (US$ Mn)
  • Figure 19. Europe Non-Storage Market Revenue and Forecasts to 2027 (US$ Mn)
  • Figure 20. Europe Electric Water Heater Market Breakdown, by Application, 2018 & 2027 (%)
  • Figure 21. Europe Residential Market Revenue and Forecasts to 2027 (US$ Mn)
  • Figure 22. Europe Commercial Market Revenue and Forecasts to 2027 (US$ Mn)
  • Figure 23. Europe Industrial Market Revenue and Forecasts to 2027 (US$ Mn)
  • Figure 24. Europe Electric Water Heater Market Breakdown, By Country, 2018 & 2027(%)
  • Figure 25. Germany Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
  • Figure 26. UK Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
  • Figure 27. France Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
  • Figure 28. Italy Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
  • Figure 29. Russia Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
  • Figure 30. Rest of Europe Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
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