North America 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 North America is expected to grow from US$ 2,838.2 Mn in 2018 to US$ 3,649.8 Mn by the year 2027 at a CAGR of 2.8% during the forecast period.
The rising demand for non-storage water heaters and growth in disposable income is expected to drive the North America electric water heater market. Dynamics, such as enhancing environmental sustainability, energy efficiency, and temperature control during the forecast period is expected to fuel the North America electric water heater market. In addition, the increasing demand across domestic applications such as bathing, cleaning, and cooking, also from commercial and industrial end-use such as hospitals, hotels, and the power industry, might boost electric water heater market growth. The electricity shortages and fluctuation together with the growing popularity of alternative fuels such as solar power and might hinder the growth of the North America electric water heater market. In addition, increasing electricity prices, changes in government regulations are a few other factors that might hinder the North America electric water heater market.
The rising residential infrastructure worldwide is enabling the market players operating in the electric water heater market to enhance their respective product range to attract a wide variety of customers. The awareness of benefits and application areas of electric water heaters is peaking among the urban population, and pertaining to this, the adoption of the same is continuously growing, which is then furnishing the revenue size of the electric water heaters market. Thus, with 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 factor is a key influential factor for the electric water heater market throughout the forecast period.
The North America 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 North America.
Mexico Electric Water Heater Market Revenue and Forecasts to 2027 (US$ Mn)
Get more information on this report :
North America Electric Water Heater Market–Segmentation
North America Electric Water Heater Market – By Product
- Storage
- < 30 Litres
- 30 - 100 Litres
- 100 - 250 Litres
- 250 - 400 Litres
- > 400 Litres
- Non-storage
North America Electric Water Heater Market – By Application
- Residential
- Commercial
- Industrial
North America Electric Water heater Market By Country
- US
- Canada
- Mexico
North America 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 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 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)
The List of Companies - North America 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 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