Market Overview:
The global grid-interactive water heater market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient appliances and the growing awareness about energy conservation among consumers. In addition, the increasing demand for grid-interactive water heaters from residential and non-residential applications is also contributing to the growth of this market. The global grid-interactive water heater market can be segmented on the basis of type, application, and region. On the basis of type, this market can be segmented into 80 gallon capacities, 100 gallon capacities, 119 gallon capacities, and others. On the basis of application, it can be divided into residential and non-residential applications. Geographically speaking, it has been analyzed across North America (U.S., Canada), Latin America (Mexico), Europe (Germany), Asia Pacific (China Japan India) Middle East & Africa(South Africa).
Product Definition:
A grid-interactive water heater is a type of water heater that can connect to the electrical grid, or power grid. This allows the water heater to use electricity when it is available and switch over to using stored energy, such as from a battery bank or solar panels, when the electricity is not available. The purpose of a grid-interactive water heater is to help reduce energy costs and allow for off-grid living.
80 Gallon Capacities:
80 gallon capacities, it's usage.
The global 80 gallon capacities, it's usage and growth factor in Grid-Interactive Water Heater market size was valued at USD 1.0 billion in 2015. Increasing demand for water heaters from the residential sector is expected to drive industry growth over the forecast period.
100 Gallon Capacities:
100 Gallon Capacities is the largest capacity water heater that can be used in a grid-interactive water heater. It has been designed to fit into an electric tankless water heaters and will provide hot water for up to 20 minutes when activated by a temperature-sensitive thermostat. The 100 gallon capacities are ideal for large homes, hotels, recreational vehicles or mobile home parks where there are many bathrooms and kitchen tap connections.
Application Insights:
The residential segment accounted for the largest share of over 70.0% in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030. The growth can be attributed to increasing urbanization, growing preference for energy-efficient products, and government initiatives promoting home water heating systems across the globe.
Non-residential application includes commercial, industrial and institutional buildings; hotels; healthcare facilities; sports facilities; transportation facilities such as airports and railway stations.; etcetera. These applications require large capacity grid interactive water heaters as they do not consume much electricity compared to other applications (residential or commercial). Large scale non-residential construction projects in emerging economies are expected to drive product demand over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing awareness regarding global warming, rising disposable income of consumers and rapid urbanization in emerging economies such as China and India. Furthermore, government initiatives for providing subsidies on energy-efficient products are anticipated to boost product demand in this region. For instance, under the “Housing for All by 2022†initiative taken by Indian government, it has been provided that every household should have access to a water heater with a capacity of at least 20 liters per day. Such initiatives are projected to increase product penetration across developing countries over the next few years.
Europe is estimateded account for more than 25% revenue share in 2017 owing high consumption patterns observed among households located around large cities especially Germany.
Growth Factors:
- Increasing demand for energy-efficient appliances: The global market for grid-interactive water heaters is expected to grow at a CAGR of more than 9% from 2016 to 2024, owing to the increasing demand for energy-efficient appliances.
- Growing awareness about the benefits of using grid-interactive water heaters: There is a growing awareness among consumers about the benefits of using grid-interactive water heaters, which is expected to drive the growth of this market in the coming years.
- Rising investments in smart grids: Governments and private companies are investing heavily in smart grids, which is expected to create opportunities for growth in the global market for grid-interactive water heaters over the next few years.
- Technological advancements: The development of new technologies that improve efficiency and reduce costs is likely to spur growth in this market over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Grid-Interactive Water Heater Market Research Report
By Type
80 Gallon Capacities, 100 Gallon Capacities, 119 Gallon Capacities, Others
By Application
Residential, Non-Residential
By Companies
Steffes, Vaughn Thermal, Great River Energy, HTP (Everlast), Steffes
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Grid-Interactive Water Heater Market Report Segments:
The global Grid-Interactive Water Heater market is segmented on the basis of:
Types
80 Gallon Capacities, 100 Gallon Capacities, 119 Gallon Capacities, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Non-Residential
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Steffes
- Vaughn Thermal
- Great River Energy
- HTP (Everlast)
- Steffes
Highlights of The Grid-Interactive Water Heater Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 80 Gallon Capacities
- 100 Gallon Capacities
- 119 Gallon Capacities
- Others
- By Application:
- Residential
- Non-Residential
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Grid-Interactive Water Heater Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Grid-interactive water heaters are a type of electric water heater that allow you to control the temperature of your hot water using an online interface. This allows you to save energy by heating your water only when it is needed, and eliminates the need for timers or other devices.
Some of the key players operating in the grid-interactive water heater market are Steffes, Vaughn Thermal, Great River Energy, HTP (Everlast), Steffes.
The grid-interactive water heater market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Grid-Interactive Water Heater Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Grid-Interactive Water Heater Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Grid-Interactive Water Heater Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Grid-Interactive Water Heater Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Grid-Interactive Water Heater Market Size & Forecast, 2018-2028
4.5.1 Grid-Interactive Water Heater Market Size and Y-o-Y Growth
4.5.2 Grid-Interactive Water Heater Market Absolute $ Opportunity
Chapter 5 Global Grid-Interactive Water Heater Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Grid-Interactive Water Heater Market Size Forecast by Type
5.2.1 80 Gallon Capacities
5.2.2 100 Gallon Capacities
5.2.3 119 Gallon Capacities
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Grid-Interactive Water Heater Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Grid-Interactive Water Heater Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Non-Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Grid-Interactive Water Heater Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Grid-Interactive Water Heater Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Grid-Interactive Water Heater Analysis and Forecast
9.1 Introduction
9.2 North America Grid-Interactive Water Heater Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Grid-Interactive Water Heater Market Size Forecast by Type
9.6.1 80 Gallon Capacities
9.6.2 100 Gallon Capacities
9.6.3 119 Gallon Capacities
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Grid-Interactive Water Heater Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Non-Residential
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Grid-Interactive Water Heater Analysis and Forecast
10.1 Introduction
10.2 Europe Grid-Interactive Water Heater Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Grid-Interactive Water Heater Market Size Forecast by Type
10.6.1 80 Gallon Capacities
10.6.2 100 Gallon Capacities
10.6.3 119 Gallon Capacities
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Grid-Interactive Water Heater Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Non-Residential
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Grid-Interactive Water Heater Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Grid-Interactive Water Heater Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Grid-Interactive Water Heater Market Size Forecast by Type
11.6.1 80 Gallon Capacities
11.6.2 100 Gallon Capacities
11.6.3 119 Gallon Capacities
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Grid-Interactive Water Heater Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Non-Residential
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Grid-Interactive Water Heater Analysis and Forecast
12.1 Introduction
12.2 Latin America Grid-Interactive Water Heater Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Grid-Interactive Water Heater Market Size Forecast by Type
12.6.1 80 Gallon Capacities
12.6.2 100 Gallon Capacities
12.6.3 119 Gallon Capacities
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Grid-Interactive Water Heater Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Non-Residential
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Grid-Interactive Water Heater Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Grid-Interactive Water Heater Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Grid-Interactive Water Heater Market Size Forecast by Type
13.6.1 80 Gallon Capacities
13.6.2 100 Gallon Capacities
13.6.3 119 Gallon Capacities
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Grid-Interactive Water Heater Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Non-Residential
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Grid-Interactive Water Heater Market: Competitive Dashboard
14.2 Global Grid-Interactive Water Heater Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Steffes
14.3.2 Vaughn Thermal
14.3.3 Great River Energy
14.3.4 HTP (Everlast)
14.3.5 Steffes
