Europe Electric Water Heater Market to 2027 - Regional Analysis and Forecasts by Product (Storage, Non-storage); Application (Residential, Commercial, Industrial)
The electric water heater market in Europe is expected to grow from US$ 3,112.6 Mn in 2018 to US$ 4,249.7 Mn by the year 2027 at a CAGR of 3.5% during the forecast period.
The increasing urban migration is leading to a rise in the residential sector, the development of the commercial sector is also flourishing across the globe. The commercial sectors in the developed countries are constantly seeking enhanced technologies in order to serve their customers with advanced solutions, while the sector in developing countries is striving hard to improve technologically robust infrastructure. The commercial sector in the electric water heater market include commerce zones, shopping malls, hotels, hospitals, and public infrastructures. The owners or leasers of these infrastructures procure water heaters in decent quantity owing to the fact that, these infrastructures experience a significantly large footfall regularly. Intending to serve each individual in these infrastructures, the demand for a technologically robust, less energy-consuming electric water heater is at a constant rise. This factor is driving the electric water heater market.
The tourism industry is constantly growing, and owing to this, the development curve of hotel infrastructure is continually upward. The rising number of hotel buildings is escalating the demand for commercial grade water heaters in the current scenario, as the hotel owners emphasize heavily on their services to their customers. Hot water is one of the significant factors in the hospitality industry, and owing to this, the demand for water heaters is an all-time high. Apart from rooms, hot water is also used in kitchen areas of the hotels. Owing to the fact that the electric water heaters overcome the disadvantages of gas water heaters, the demand for electric water heaters is continuously growing in the hospitality industry, thereby bolstering the revenue size of electric water heaters. Similar to the hospitality industry, the medical & healthcare sector also demands an increased quantity of electric water heaters, owing to the fact that hot water plays a critical role in hospitals and healthcare institutions.
The Europe electric water heater market is expected to grow at a good CAGR during the forecast period. The growing demand for electric heater in the commercial spaces are supporting the increasing demand for the electric water heater market in Europe.
Rest of Europe Electric Water Heater Market Revenue and Forecast to 2027 (US$ Mn)
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Europe Electric Water Heater Market–Segmentation
Europe Electric Water Heater Market – By Product
- Storage
- < 30 Litres
- 30 - 100 Litres
- 100 - 250 Litres
- 250 - 400 Litres
- > 400 Litres
- Non-storage
Europe Electric Water Heater Market – By Application
- Residential
- Commercial
- Industrial
Europe Electric Water Heater Market by Country
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Europe Electric Water Heater Market-Companies Mentioned
- AO Smith Corporation
- Ariston Thermo S.p.A
- Alfa Laval.
- Bosch Group
- Bradford White Corp.
- Haier Smart Home Co., Ltd.
- Midea Group
- Siemens AG
- Viesmann Group
- Whirlpool Corporation
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)
The List of Companies - Europe Electric Water Heater Market
- AO Smith Corporation
- Alfa Laval
- Ariston Thermo S.p.A.
- Bosch Group
- Bradford White Corp.
- Haier Smart Home Co., Ltd.
- Midea Group
- Siemens AG
- Viesmann Group
- Whirlpool Corporation
- 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