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Global Storage Water Heater Market Research Report 2025
Synopsis
A storage water heater, or a hot water system (HWS), is a domestic water heating appliance that uses a hot water storage tank to maximize water heating capacity and provide instantaneous delivery of hot water. Conventional storage water heaters use a variety of fuels, including natural gas, propane, fuel oil, and electricity. Less conventional water heating technologies, such as heat pump water heaters and solar water heaters, can also be categorized as storage water heaters.
The global Storage Water Heater market was valued at US$ 6302.5 million in 2023 and is anticipated to reach US$ 7443.3 million by 2030, witnessing a CAGR of 2.5% during the forecast period 2024-2030.
Europe is the largest consumption region.
This report aims to provide a comprehensive presentation of the global market for Storage 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 Storage Water Heater.
Report Scope
The Storage Water Heater market size, estimations, and forecasts are provided in terms of output/shipments (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 Storage 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 Storage 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
A.O. Smith Corporation
Bosch
Bradford White Corporation
Noritz Corporation
Rheem Manufacturing Company
Rinnai
Crompton Greaves Ltd.
Eccotemp Systems
Electrolux
Heat Transfer Products Inc.
Reliance Water Heater Company
Rinnai
Midea Group
Segment by Type
Gas Water Heater
Eletric
Other Types
Segment by Application
Residential
Commercial
Other Applications
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 Storage 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 Storage 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 Storage 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.
A storage water heater, or a hot water system (HWS), is a domestic water heating appliance that uses a hot water storage tank to maximize water heating capacity and provide instantaneous delivery of hot water. Conventional storage water heaters use a variety of fuels, including natural gas, propane, fuel oil, and electricity. Less conventional water heating technologies, such as heat pump water heaters and solar water heaters, can also be categorized as storage water heaters.
The global Storage Water Heater market was valued at US$ 6302.5 million in 2023 and is anticipated to reach US$ 7443.3 million by 2030, witnessing a CAGR of 2.5% during the forecast period 2024-2030.
Europe is the largest consumption region.
This report aims to provide a comprehensive presentation of the global market for Storage 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 Storage Water Heater.
Report Scope
The Storage Water Heater market size, estimations, and forecasts are provided in terms of output/shipments (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 Storage 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 Storage 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
A.O. Smith Corporation
Bosch
Bradford White Corporation
Noritz Corporation
Rheem Manufacturing Company
Rinnai
Crompton Greaves Ltd.
Eccotemp Systems
Electrolux
Heat Transfer Products Inc.
Reliance Water Heater Company
Rinnai
Midea Group
Segment by Type
Gas Water Heater
Eletric
Other Types
Segment by Application
Residential
Commercial
Other Applications
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 Storage 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 Storage 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 Storage 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 Storage Water Heater Market Overview
1.1 Product Definition
1.2 Storage Water Heater Segment by Type
1.2.1 Global Storage Water Heater Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Gas Water Heater
1.2.3 Eletric
1.2.4 Other Types
1.3 Storage Water Heater Segment by Application
1.3.1 Global Storage Water Heater Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Residential
1.3.3 Commercial
1.3.4 Other Applications
1.4 Global Market Growth Prospects
1.4.1 Global Storage Water Heater Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Storage Water Heater Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Storage Water Heater Production Estimates and Forecasts (2019-2030)
1.4.4 Global Storage Water Heater Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Storage Water Heater Production Market Share by Manufacturers (2019-2024)
2.2 Global Storage Water Heater Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Storage Water Heater, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Storage Water Heater Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Storage Water Heater Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Storage Water Heater, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Storage Water Heater, Product Offered and Application
2.8 Global Key Manufacturers of Storage Water Heater, Date of Enter into This Industry
2.9 Storage Water Heater Market Competitive Situation and Trends
2.9.1 Storage Water Heater Market Concentration Rate
2.9.2 Global 5 and 10 Largest Storage Water Heater Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Storage Water Heater Production by Region
3.1 Global Storage Water Heater Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Storage Water Heater Production Value by Region (2019-2030)
3.2.1 Global Storage Water Heater Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Storage Water Heater by Region (2025-2030)
3.3 Global Storage Water Heater Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Storage Water Heater Production by Region (2019-2030)
3.4.1 Global Storage Water Heater Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Storage Water Heater by Region (2025-2030)
3.5 Global Storage Water Heater Market Price Analysis by Region (2019-2024)
3.6 Global Storage Water Heater Production and Value, Year-over-Year Growth
3.6.1 North America Storage Water Heater Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Storage Water Heater Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Storage Water Heater Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Storage Water Heater Production Value Estimates and Forecasts (2019-2030)
4 Storage Water Heater Consumption by Region
4.1 Global Storage Water Heater Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Storage Water Heater Consumption by Region (2019-2030)
4.2.1 Global Storage Water Heater Consumption by Region (2019-2024)
4.2.2 Global Storage Water Heater Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Storage Water Heater Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Storage Water Heater Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Storage Water Heater Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Storage 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 Storage Water Heater Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Storage 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 Storage Water Heater Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Storage 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 Storage Water Heater Production by Type (2019-2030)
5.1.1 Global Storage Water Heater Production by Type (2019-2024)
5.1.2 Global Storage Water Heater Production by Type (2025-2030)
5.1.3 Global Storage Water Heater Production Market Share by Type (2019-2030)
5.2 Global Storage Water Heater Production Value by Type (2019-2030)
5.2.1 Global Storage Water Heater Production Value by Type (2019-2024)
5.2.2 Global Storage Water Heater Production Value by Type (2025-2030)
5.2.3 Global Storage Water Heater Production Value Market Share by Type (2019-2030)
5.3 Global Storage Water Heater Price by Type (2019-2030)
6 Segment by Application
6.1 Global Storage Water Heater Production by Application (2019-2030)
6.1.1 Global Storage Water Heater Production by Application (2019-2024)
6.1.2 Global Storage Water Heater Production by Application (2025-2030)
6.1.3 Global Storage Water Heater Production Market Share by Application (2019-2030)
6.2 Global Storage Water Heater Production Value by Application (2019-2030)
6.2.1 Global Storage Water Heater Production Value by Application (2019-2024)
6.2.2 Global Storage Water Heater Production Value by Application (2025-2030)
6.2.3 Global Storage Water Heater Production Value Market Share by Application (2019-2030)
6.3 Global Storage Water Heater Price by Application (2019-2030)
7 Key Companies Profiled
7.1 A.O. Smith Corporation
7.1.1 A.O. Smith Corporation Storage Water Heater Corporation Information
7.1.2 A.O. Smith Corporation Storage Water Heater Product Portfolio
7.1.3 A.O. Smith Corporation Storage Water Heater Production, Value, Price and Gross Margin (2019-2024)
7.1.4 A.O. Smith Corporation Main Business and Markets Served
7.1.5 A.O. Smith Corporation Recent Developments/Updates
7.2 Bosch
7.2.1 Bosch Storage Water Heater Corporation Information
7.2.2 Bosch Storage Water Heater Product Portfolio
7.2.3 Bosch Storage Water Heater Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Bosch Main Business and Markets Served
7.2.5 Bosch Recent Developments/Updates
7.3 Bradford White Corporation
7.3.1 Bradford White Corporation Storage Water Heater Corporation Information
7.3.2 Bradford White Corporation Storage Water Heater Product Portfolio
7.3.3 Bradford White Corporation Storage Water Heater Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Bradford White Corporation Main Business and Markets Served
7.3.5 Bradford White Corporation Recent Developments/Updates
7.4 Noritz Corporation
7.4.1 Noritz Corporation Storage Water Heater Corporation Information
7.4.2 Noritz Corporation Storage Water Heater Product Portfolio
7.4.3 Noritz Corporation Storage Water Heater Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Noritz Corporation Main Business and Markets Served
7.4.5 Noritz Corporation Recent Developments/Updates
7.5 Rheem Manufacturing Company
7.5.1 Rheem Manufacturing Company Storage Water Heater Corporation Information
7.5.2 Rheem Manufacturing Company Storage Water Heater Product Portfolio
7.5.3 Rheem Manufacturing Company Storage Water Heater Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Rheem Manufacturing Company Main Business and Markets Served
7.5.5 Rheem Manufacturing Company Recent Developments/Updates
7.6 Rinnai
7.6.1 Rinnai Storage Water Heater Corporation Information
7.6.2 Rinnai Storage Water Heater Product Portfolio
7.6.3 Rinnai Storage Water Heater Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Rinnai Main Business and Markets Served
7.6.5 Rinnai Recent Developments/Updates
7.7 Crompton Greaves Ltd.
7.7.1 Crompton Greaves Ltd. Storage Water Heater Corporation Information
7.7.2 Crompton Greaves Ltd. Storage Water Heater Product Portfolio
7.7.3 Crompton Greaves Ltd. Storage Water Heater Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Crompton Greaves Ltd. Main Business and Markets Served
7.7.5 Crompton Greaves Ltd. Recent Developments/Updates
7.8 Eccotemp Systems
7.8.1 Eccotemp Systems Storage Water Heater Corporation Information
7.8.2 Eccotemp Systems Storage Water Heater Product Portfolio
7.8.3 Eccotemp Systems Storage Water Heater Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Eccotemp Systems Main Business and Markets Served
7.7.5 Eccotemp Systems Recent Developments/Updates
7.9 Electrolux
7.9.1 Electrolux Storage Water Heater Corporation Information
7.9.2 Electrolux Storage Water Heater Product Portfolio
7.9.3 Electrolux Storage Water Heater Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Electrolux Main Business and Markets Served
7.9.5 Electrolux Recent Developments/Updates
7.10 Heat Transfer Products Inc.
7.10.1 Heat Transfer Products Inc. Storage Water Heater Corporation Information
7.10.2 Heat Transfer Products Inc. Storage Water Heater Product Portfolio
7.10.3 Heat Transfer Products Inc. Storage Water Heater Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Heat Transfer Products Inc. Main Business and Markets Served
7.10.5 Heat Transfer Products Inc. Recent Developments/Updates
7.11 Reliance Water Heater Company
7.11.1 Reliance Water Heater Company Storage Water Heater Corporation Information
7.11.2 Reliance Water Heater Company Storage Water Heater Product Portfolio
7.11.3 Reliance Water Heater Company Storage Water Heater Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Reliance Water Heater Company Main Business and Markets Served
7.11.5 Reliance Water Heater Company Recent Developments/Updates
7.12 Rinnai
7.12.1 Rinnai Storage Water Heater Corporation Information
7.12.2 Rinnai Storage Water Heater Product Portfolio
7.12.3 Rinnai Storage Water Heater Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Rinnai Main Business and Markets Served
7.12.5 Rinnai Recent Developments/Updates
7.13 Midea Group
7.13.1 Midea Group Storage Water Heater Corporation Information
7.13.2 Midea Group Storage Water Heater Product Portfolio
7.13.3 Midea Group Storage Water Heater Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Midea Group Main Business and Markets Served
7.13.5 Midea Group Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Storage Water Heater Industry Chain Analysis
8.2 Storage Water Heater Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Storage Water Heater Production Mode & Process
8.4 Storage Water Heater Sales and Marketing
8.4.1 Storage Water Heater Sales Channels
8.4.2 Storage Water Heater Distributors
8.5 Storage Water Heater Customers
9 Storage Water Heater Market Dynamics
9.1 Storage Water Heater Industry Trends
9.2 Storage Water Heater Market Drivers
9.3 Storage Water Heater Market Challenges
9.4 Storage 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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