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Market Research Report

North America 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 933113
Published Content info 77 Pages
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North America 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: 77 Pages
Description

The North American electric water heater market was valued at US$ 2,838.2 million in 2018 and is projected to reach US$ 3,649.8 million by 2027; it is expected to grow at a CAGR of 2.8% during 2019-2027. Many countries across the world are experiencing a huge increase in urban migration. The rising trend of urban migration has led to the development of residential infrastructures, which is a key factor catalyzing the growth of the electric water heater market in the current scenario. The urban population, with enhanced standard of living experiences more benefits than the rural population. Pertaining to the factor mentioned above, the various technology developers, commodity manufacturers, energy & power generating organizations, infrastructure developers, and governments are striving hard to meet the demands of the urban population. Urban migration and higher living standards, coupled with growing technologies and governmental policies, drive the growth of residential infrastructure in various developing as well as developed countries. The rising number of residential infrastructures is offering lucrative opportunity for the electric water heater market players, which in turn is propelling the growth of market.

Based on application, the North American electric water heater market was led by the residential segment in 2018 with a decent share and is expected to continue its dominance during the forecast period. However, the commercial segmented in electric water heater market is expected to grow at a high rate. In the residential application, the storage electric water heater is the common type of water heating technology used. This technology heats water from the residential domestic supply to the required temperature with a sealed tank that ranges from 20 to 80 gallons in size. Hot water is primarily used in bathrooms, laundries, and kitchens. Choosing the right technology can have big advantages in terms of residential energy costs along with meeting its hot water requirements. Advancements in water heating technology, along with the yearly replacement of water heaters, create an immense opportunity to increase energy efficiency in the residential sector.

The overall size of the North American 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 North American 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 North American 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 North American 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 North America 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 North America 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 North America 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: TIPRE00009999

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 North America Electric Water Heater Market - By Product
    • 1.3.2 North America Electric Water Heater Market - By Application
    • 1.3.3 North America Electric Water Heater Market - By Country

2. Key Takeaways

3. Research Methodology

  • 3.1 Coverage
  • 3.2 Secondary Research
  • 3.3 Primary Research

4. Electric Water Heater Market Landscape

  • 4.1 Market Overview
  • 4.2 PEST Analysis
    • 4.2.1 North America - PEST Analysis
  • 4.3 Ecosystem Analysis

5. North America Electric Water Heater Market - Key Industry Dynamics

  • 5.1 Key Market Drivers
    • 5.1.1 Infrastructural development due to growing urbanization
  • 5.2 Key Market Restraints
    • 5.2.1 Increasing popularity of solar water heater
  • 5.3 Key Market Opportunities
    • 5.3.1 Growing adoption of electric water heaters in commercial space
  • 5.4 Future Trends
    • 5.4.1 Integration of smart technologies
  • 5.5 Impact Analysis of Drivers and Restraints

6. North America Electric Water Heater Market -Market Analysis

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

7. North America 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. North America 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. North America Electric Water Heater Market - Country Analysis

  • 9.1 North America Electric Water Heater Market: Country Analysis
    • 9.1.1 North America Electric Water Heater Market Breakdown, By Country
      • 9.1.1.1 US Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
        • 9.1.1.1.1 US Electric Water Heater Market Breakdown, By Product
        • 9.1.1.1.2 US Electric Water Heater Market Breakdown, By Storage Capacity
        • 9.1.1.1.3 US Electric Water Heater Market Breakdown, By Application
      • 9.1.1.2 Canada Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
        • 9.1.1.2.1 Canada Electric Water Heater Market Breakdown, By Product
        • 9.1.1.2.2 Canada Electric Water Heater Market Breakdown, By Storage Capacity
        • 9.1.1.2.3 Canada Electric Water Heater Market Breakdown, By Application
      • 9.1.1.3 Mexico Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
        • 9.1.1.3.1 Mexico Electric Water Heater Market Breakdown, By Product
        • 9.1.1.3.2 Mexico Electric Water Heater Market Breakdown, By Storage Capacity
        • 9.1.1.3.3 Mexico Electric Water Heater Market Breakdown, By Application

10. North America 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. North America Electric Water Heater market, Revenue and Forecast to 2027 (US$ Mn)
  • Table 2. North America Electric Water Heater Market Revenue and Forecast To 2027 - By Product (US$ Mn)
  • Table 3. North America Electric Water Heater Market Revenue and Forecast To 2027 - By Storage Capacity (US$ Mn)
  • Table 4. North America Electric Water Heater Market Revenue and Forecast To 2027 - By Application (US$ Mn)
  • Table 5. North America Electric Water Heater Market Revenue and Forecast To 2027 - By Country (US$ Mn)
  • Table 6. US Electric Water Heater Market Revenue and Forecast To 2027 - By Product (US$ Mn)
  • Table 7. US Electric Water Heater Market Revenue and Forecast To 2027 - By Storage Capacity (US$ Mn)
  • Table 8. US Electric Water Heater Market Revenue and Forecast To 2027 - By Application (US$ Mn)
  • Table 9. Canada Electric Water Heater Market Revenue and Forecast To 2027 - By Product (US$ Mn)
  • Table 10. Canada Electric Water Heater Market Revenue and Forecast To 2027 - By Storage Capacity (US$ Mn)
  • Table 11. Canada Electric Water Heater Market Revenue and Forecast To 2027 - By Application (US$ Mn)
  • Table 12. Mexico Electric Water Heater Market Revenue and Forecast To 2027 - By Product (US$ Mn)
  • Table 13. Mexico Electric Water Heater Market Revenue and Forecast To 2027 - By Storage Capacity (US$ Mn)
  • Table 14. Mexico Electric Water Heater Market Revenue and Forecast To 2027 - By Application (US$ Mn)
  • Table 15. Glossary of Term: Electric Water Heater Market

LIST OF TABLES

  • Table 1. North America Electric Water Heater market, Revenue and Forecast to 2027 (US$ Mn)
  • Table 2. North America Electric Water Heater Market Revenue and Forecast To 2027 - By Product (US$ Mn)
  • Table 3. North America Electric Water Heater Market Revenue and Forecast To 2027 - By Storage Capacity (US$ Mn)
  • Table 4. North America Electric Water Heater Market Revenue and Forecast To 2027 - By Application (US$ Mn)
  • Table 5. North America Electric Water Heater Market Revenue and Forecast To 2027 - By Country (US$ Mn)
  • Table 6. US Electric Water Heater Market Revenue and Forecast To 2027 - By Product (US$ Mn)
  • Table 7. US Electric Water Heater Market Revenue and Forecast To 2027 - By Storage Capacity (US$ Mn)
  • Table 8. US Electric Water Heater Market Revenue and Forecast To 2027 - By Application (US$ Mn)
  • Table 9. Canada Electric Water Heater Market Revenue and Forecast To 2027 - By Product (US$ Mn)
  • Table 10. Canada Electric Water Heater Market Revenue and Forecast To 2027 - By Storage Capacity (US$ Mn)
  • Table 11. Canada Electric Water Heater Market Revenue and Forecast To 2027 - By Application (US$ Mn)
  • Table 12. Mexico Electric Water Heater Market Revenue and Forecast To 2027 - By Product (US$ Mn)
  • Table 13. Mexico Electric Water Heater Market Revenue and Forecast To 2027 - By Storage Capacity (US$ Mn)
  • Table 14. Mexico Electric Water Heater Market Revenue and Forecast To 2027 - By Application (US$ Mn)
  • Table 15. Glossary of Term: Electric Water Heater Market

LIST OF FIGURES

  • Figure 1. North America Electric Water Heater Market Segmentation
  • Figure 2. North America 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. North America - PEST Analysis
  • Figure 8. Electric Water Heater Market Ecosystem Analysis
  • Figure 9. North America Urban Population Percentage by Countries, 2018
  • Figure 10. North America Electric Water Heater Market Impact Analysis of Drivers and Restraints
  • Figure 11. North America Electric Water Heater market Forecast and Analysis, (US$ Mn)
  • Figure 12. North America Electric Water Heater Market Breakdown, by Product, 2018 and 2027 (%)
  • Figure 13. North America Storage Market Revenue and Forecasts to 2027 (US$ Mn)
  • Figure 14. North America < 30 Liters Market Revenue and Forecasts to 2027 (US$ Mn)
  • Figure 15. North America 30 - 100 Litres Market Revenue and Forecasts to 2027 (US$ Mn)
  • Figure 16. North America 101 - 250 Litres Market Revenue and Forecasts to 2027 (US$ Mn)
  • Figure 17. North America 251 - 400 Litres Market Revenue and Forecasts to 2027 (US$ Mn)
  • Figure 18. > 400 Litres Market Revenue and Forecasts to 2027 (US$ Mn)
  • Figure 19. North America Non-Storage Market Revenue and Forecasts to 2027 (US$ Mn)
  • Figure 20. North America Electric Water Heater Market Breakdown, by Application, 2018 & 2027 (%)
  • Figure 21. North America Residential Market Revenue and Forecasts to 2027 (US$ Mn)
  • Figure 22. North America Commercial Market Revenue and Forecasts to 2027 (US$ Mn)
  • Figure 23. North America Industrial Market Revenue and Forecasts to 2027 (US$ Mn)
  • Figure 24. North America Electric Water Heater Market Breakdown, By Country, 2018 and 2027(%)
  • Figure 25. US Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
  • Figure 26. Canada Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
  • Figure 27. Mexico Electric Water Heater Market Revenue and Forecast To 2027 (US$ Mn)
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