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Global Grid-Interactive Water Heater Market Research Report 2025
Synopsis
Electric water heaters having two-way control capabilities with the grid are known as grid interactive water heaters (GIWHs). Energy storage in a GIWH proves to be economical, as its function is similar to a battery energy storage system, but at a much lesser cost. Typically, water usage in the residential sector, which holds the maximum share in the global GIWH market, is higher during mornings and evenings. As GIWH allows water to be heated as and when surplus power is available from the grid, it provides flexibility to the electric supply system and ensures cost savings. In addition, these heaters are a cost-efficient option even at the consumer end, as they pay for the surplus load rate, which is generally cheaper than the normal price. The global GIWH market is segmented based on end-user and geography. The key end-users identified in the report are residential and non-residential segments. The following exhibit represents the current market scenario and future projections of GIWH in each end-user segment.
The global Grid-Interactive Water Heater market was valued at US$ 261.9 million in 2023 and is anticipated to reach US$ 355.4 million by 2030, witnessing a CAGR of 4.4% during the forecast period 2024-2030.
Owing to the rising population and the economic growth, the demand for energy will highly increase. Emerging economies such as China, need high energy due to their rapid industrilization. Technavio’s market research report has identified growth in energy consumption as one of the primary factors that will fuel the growth of the grid-interactive water heater market in the coming years. With the high energy requirement more renewable energy sources are coming online is bound to significant impact on the consistency of the electricity. Increased consumption of electricity will lead more renewable power to come online which will increase the load of the grid and GIWH provides demand-side flexibility which stabilizes the grid. Owing to the increased consumption of energy, the grid-interactive water heater (GIWH) will witness growth.
This report aims to provide a comprehensive presentation of the global market for Grid-Interactive Water Heater, 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 Grid-Interactive Water Heater.
Report Scope
The Grid-Interactive Water Heater market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Grid-Interactive Water Heater market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Grid-Interactive Water Heater manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Steffes
Vaughn Thermal
Great River Energy
HTP (Everlast)
Segment by Type
80 Gallon Capacities
100 Gallon Capacities
119 Gallon Capacities
Others
Segment by Application
Residential
Non-Residential
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Grid-Interactive Water Heater manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Grid-Interactive Water Heater by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Grid-Interactive Water Heater in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces 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 10: The main points and conclusions of the report.
Electric water heaters having two-way control capabilities with the grid are known as grid interactive water heaters (GIWHs). Energy storage in a GIWH proves to be economical, as its function is similar to a battery energy storage system, but at a much lesser cost. Typically, water usage in the residential sector, which holds the maximum share in the global GIWH market, is higher during mornings and evenings. As GIWH allows water to be heated as and when surplus power is available from the grid, it provides flexibility to the electric supply system and ensures cost savings. In addition, these heaters are a cost-efficient option even at the consumer end, as they pay for the surplus load rate, which is generally cheaper than the normal price. The global GIWH market is segmented based on end-user and geography. The key end-users identified in the report are residential and non-residential segments. The following exhibit represents the current market scenario and future projections of GIWH in each end-user segment.
The global Grid-Interactive Water Heater market was valued at US$ 261.9 million in 2023 and is anticipated to reach US$ 355.4 million by 2030, witnessing a CAGR of 4.4% during the forecast period 2024-2030.
Owing to the rising population and the economic growth, the demand for energy will highly increase. Emerging economies such as China, need high energy due to their rapid industrilization. Technavio’s market research report has identified growth in energy consumption as one of the primary factors that will fuel the growth of the grid-interactive water heater market in the coming years. With the high energy requirement more renewable energy sources are coming online is bound to significant impact on the consistency of the electricity. Increased consumption of electricity will lead more renewable power to come online which will increase the load of the grid and GIWH provides demand-side flexibility which stabilizes the grid. Owing to the increased consumption of energy, the grid-interactive water heater (GIWH) will witness growth.
This report aims to provide a comprehensive presentation of the global market for Grid-Interactive Water Heater, 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 Grid-Interactive Water Heater.
Report Scope
The Grid-Interactive Water Heater market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Grid-Interactive Water Heater market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Grid-Interactive Water Heater manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Steffes
Vaughn Thermal
Great River Energy
HTP (Everlast)
Segment by Type
80 Gallon Capacities
100 Gallon Capacities
119 Gallon Capacities
Others
Segment by Application
Residential
Non-Residential
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Grid-Interactive Water Heater manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Grid-Interactive Water Heater by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Grid-Interactive Water Heater in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces 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 10: The main points and conclusions of the report.
Index1 Grid-Interactive Water Heater Market Overview
1.1 Product Definition
1.2 Grid-Interactive Water Heater Segment by Type
1.2.1 Global Grid-Interactive Water Heater Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 80 Gallon Capacities
1.2.3 100 Gallon Capacities
1.2.4 119 Gallon Capacities
1.2.5 Others
1.3 Grid-Interactive Water Heater Segment by Application
1.3.1 Global Grid-Interactive Water Heater Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Residential
1.3.3 Non-Residential
1.4 Global Market Growth Prospects
1.4.1 Global Grid-Interactive Water Heater Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Grid-Interactive Water Heater Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Grid-Interactive Water Heater Production Estimates and Forecasts (2019-2030)
1.4.4 Global Grid-Interactive Water Heater Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Grid-Interactive Water Heater Production Market Share by Manufacturers (2019-2024)
2.2 Global Grid-Interactive Water Heater Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Grid-Interactive Water Heater, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Grid-Interactive Water Heater Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Grid-Interactive Water Heater Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Grid-Interactive Water Heater, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Grid-Interactive Water Heater, Product Offered and Application
2.8 Global Key Manufacturers of Grid-Interactive Water Heater, Date of Enter into This Industry
2.9 Grid-Interactive Water Heater Market Competitive Situation and Trends
2.9.1 Grid-Interactive Water Heater Market Concentration Rate
2.9.2 Global 5 and 10 Largest Grid-Interactive Water Heater Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Grid-Interactive Water Heater Production by Region
3.1 Global Grid-Interactive Water Heater Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Grid-Interactive Water Heater Production Value by Region (2019-2030)
3.2.1 Global Grid-Interactive Water Heater Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Grid-Interactive Water Heater by Region (2025-2030)
3.3 Global Grid-Interactive Water Heater Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Grid-Interactive Water Heater Production by Region (2019-2030)
3.4.1 Global Grid-Interactive Water Heater Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Grid-Interactive Water Heater by Region (2025-2030)
3.5 Global Grid-Interactive Water Heater Market Price Analysis by Region (2019-2024)
3.6 Global Grid-Interactive Water Heater Production and Value, Year-over-Year Growth
3.6.1 North America Grid-Interactive Water Heater Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Grid-Interactive Water Heater Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Grid-Interactive Water Heater Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Grid-Interactive Water Heater Production Value Estimates and Forecasts (2019-2030)
4 Grid-Interactive Water Heater Consumption by Region
4.1 Global Grid-Interactive Water Heater Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Grid-Interactive Water Heater Consumption by Region (2019-2030)
4.2.1 Global Grid-Interactive Water Heater Consumption by Region (2019-2024)
4.2.2 Global Grid-Interactive Water Heater Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Grid-Interactive Water Heater Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Grid-Interactive Water Heater Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Grid-Interactive Water Heater Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Grid-Interactive Water Heater Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Grid-Interactive Water Heater Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Grid-Interactive Water Heater Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Grid-Interactive Water Heater Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Grid-Interactive Water Heater Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Grid-Interactive Water Heater Production by Type (2019-2030)
5.1.1 Global Grid-Interactive Water Heater Production by Type (2019-2024)
5.1.2 Global Grid-Interactive Water Heater Production by Type (2025-2030)
5.1.3 Global Grid-Interactive Water Heater Production Market Share by Type (2019-2030)
5.2 Global Grid-Interactive Water Heater Production Value by Type (2019-2030)
5.2.1 Global Grid-Interactive Water Heater Production Value by Type (2019-2024)
5.2.2 Global Grid-Interactive Water Heater Production Value by Type (2025-2030)
5.2.3 Global Grid-Interactive Water Heater Production Value Market Share by Type (2019-2030)
5.3 Global Grid-Interactive Water Heater Price by Type (2019-2030)
6 Segment by Application
6.1 Global Grid-Interactive Water Heater Production by Application (2019-2030)
6.1.1 Global Grid-Interactive Water Heater Production by Application (2019-2024)
6.1.2 Global Grid-Interactive Water Heater Production by Application (2025-2030)
6.1.3 Global Grid-Interactive Water Heater Production Market Share by Application (2019-2030)
6.2 Global Grid-Interactive Water Heater Production Value by Application (2019-2030)
6.2.1 Global Grid-Interactive Water Heater Production Value by Application (2019-2024)
6.2.2 Global Grid-Interactive Water Heater Production Value by Application (2025-2030)
6.2.3 Global Grid-Interactive Water Heater Production Value Market Share by Application (2019-2030)
6.3 Global Grid-Interactive Water Heater Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Steffes
7.1.1 Steffes Grid-Interactive Water Heater Corporation Information
7.1.2 Steffes Grid-Interactive Water Heater Product Portfolio
7.1.3 Steffes Grid-Interactive Water Heater Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Steffes Main Business and Markets Served
7.1.5 Steffes Recent Developments/Updates
7.2 Vaughn Thermal
7.2.1 Vaughn Thermal Grid-Interactive Water Heater Corporation Information
7.2.2 Vaughn Thermal Grid-Interactive Water Heater Product Portfolio
7.2.3 Vaughn Thermal Grid-Interactive Water Heater Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Vaughn Thermal Main Business and Markets Served
7.2.5 Vaughn Thermal Recent Developments/Updates
7.3 Great River Energy
7.3.1 Great River Energy Grid-Interactive Water Heater Corporation Information
7.3.2 Great River Energy Grid-Interactive Water Heater Product Portfolio
7.3.3 Great River Energy Grid-Interactive Water Heater Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Great River Energy Main Business and Markets Served
7.3.5 Great River Energy Recent Developments/Updates
7.4 HTP (Everlast)
7.4.1 HTP (Everlast) Grid-Interactive Water Heater Corporation Information
7.4.2 HTP (Everlast) Grid-Interactive Water Heater Product Portfolio
7.4.3 HTP (Everlast) Grid-Interactive Water Heater Production, Value, Price and Gross Margin (2019-2024)
7.4.4 HTP (Everlast) Main Business and Markets Served
7.4.5 HTP (Everlast) Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Grid-Interactive Water Heater Industry Chain Analysis
8.2 Grid-Interactive Water Heater Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Grid-Interactive Water Heater Production Mode & Process
8.4 Grid-Interactive Water Heater Sales and Marketing
8.4.1 Grid-Interactive Water Heater Sales Channels
8.4.2 Grid-Interactive Water Heater Distributors
8.5 Grid-Interactive Water Heater Customers
9 Grid-Interactive Water Heater Market Dynamics
9.1 Grid-Interactive Water Heater Industry Trends
9.2 Grid-Interactive Water Heater Market Drivers
9.3 Grid-Interactive Water Heater Market Challenges
9.4 Grid-Interactive Water Heater Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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