Market Overview:
The global thermostatic 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 constant temperature gas and electric water heaters across different applications, such as home, school, hotel, and others. Additionally, the growing awareness about energy-efficient appliances is also contributing to the growth of this market.
Product Definition:
A thermostatic water heater is a device used to heat water by using electricity. The thermostatic water heater has a built in thermometer that senses the temperature of the water and controls the amount of electricity used to heat the water, so that it remains at a set temperature. A thermostatic water heater is important because it ensures that you always have hot water available, without having to worry about whether or not it is too hot or cold.
Constant Temperature Gas Water Heater:
Constant temperature gas water heater is a type of water heater in which the temperature of the surrounding water is maintained at a constant level irrespective of fluctuations in demand. Constant temperature gas water heaters are used for domestic and commercial purposes. The product finds its application across various residential, commercial, and industrial sectors including hospitals, nursing homes, hotels/ restaurants/ cafes etc., where there is a requirement to maintain an even distribution of heat throughout the building.
Constant Temperature Electric Water Heater:
Constant temperature electric water heater and it's usage in thermostatic water heater market is expected to witness significant growth over the forecast period. Constant temperature electric water heaters are used for heating of fluid at a constant temperature. These products find their application in commercial, industrial and residential sectors.
Application Insights:
The home application segment dominated the global thermostatic water heater market in 2017, accounting for over 60.0% share of the total revenue. The growing demand for energy-efficient products is expected to drive the demand for THWHs at homes globally. Moreover, increasing government initiatives to conserve energy are likely to propel market growth at home as well as across various other applications globally over the forecast period.
The hotel application segment is projected to expand at a CAGR of XX% from 2018 to 2030 owing to rising investments by hotels and hospitality houses in order not only conserve but also increase their carbon emission efficiency through installing such equipment within their premises or buildings, thereby reducing overall environmental impact on mother earth significantly while still maintaining operational costs low enough so that they can be afforded by even small budget hotels.
Regional Analysis:
Asia Pacific is expected to be the largest regional market over the forecast period owing to increasing awareness regarding energy conservation and sustainable living. The growing real estate sector in developing economies including China, India, Indonesia, Malaysia and Thailand will drive demand for water heating equipment in these regions. Furthermore, government initiatives such as “Housing for All by 2020†initiative by Indian Government are expected to boost construction activities which will further propel product demand.
The North America region accounted for more than 25% of global thermostatic water heater market share in 2017 due to high replacement rate of electric water heaters coupled with stringent regulatory scenario pertaining hot-water usage norms. Europe is also anticipated to witness significant growth over the next eight years on account of rising concerns regarding environment protection along with consumer safety towards toxic gas emission caused during heating process using conventional methods.
Growth Factors:
- Increasing demand for energy-efficient appliances: The global thermostatic water heater market is expected to grow at a CAGR of over 5% during the forecast period. This can be attributed to the increasing demand for energy-efficient appliances, especially in developed countries.
- Rising awareness about environment-friendly products: There is an increasing awareness among consumers about environment-friendly products and their benefits. This is expected to drive the growth of the thermostatic water heater market in the coming years.
- Growing popularity of tankless water heaters: Tankless or on-demand water heaters are becoming increasingly popular due to their energy efficiency and space savings advantages over traditional tank type water heaters. This is likely to boost the growth of the global thermostatic water heater market in future years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermostatic Water Heater Market Research Report
By Type
Constant Temperature Gas Water Heater, Constant Temperature Electric Water Heater, Others
By Application
Home, School, Hotel, Others
By Companies
Haier, Midea, AO Smith, COLMO, CASARTE, Rinnai, Macro, Vanward, NORITZ, SAKURA, Vatti, Otlan
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
154
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Thermostatic Water Heater Market Report Segments:
The global Thermostatic Water Heater market is segmented on the basis of:
Types
Constant Temperature Gas Water Heater, Constant Temperature Electric Water Heater, 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
Home, School, Hotel, Others
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:
- Haier
- Midea
- AO Smith
- COLMO
- CASARTE
- Rinnai
- Macro
- Vanward
- NORITZ
- SAKURA
- Vatti
- Otlan
Highlights of The Thermostatic 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:
- Constant Temperature Gas Water Heater
- Constant Temperature Electric Water Heater
- Others
- By Application:
- Home
- School
- Hotel
- Others
- 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 Thermostatic 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?
A thermostatic water heater is a type of water heater that uses a thermostat to control the temperature of the water in the tank. This allows you to set a desired temperature and have the heater maintain that temperature without having to constantly adjust the heat setting.
Some of the major companies in the thermostatic water heater market are Haier, Midea, AO Smith, COLMO, CASARTE, Rinnai, Macro, Vanward, NORITZ, SAKURA, Vatti, Otlan.
The thermostatic 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 Thermostatic 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 Thermostatic Water Heater Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermostatic 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 Thermostatic 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 Thermostatic Water Heater Market Size & Forecast, 2020-2028
4.5.1 Thermostatic Water Heater Market Size and Y-o-Y Growth
4.5.2 Thermostatic Water Heater Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Constant Temperature Gas Water Heater
5.2.2 Constant Temperature Electric Water Heater
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Home
6.2.2 School
6.2.3 Hotel
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermostatic 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 Thermostatic 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Constant Temperature Gas Water Heater
9.6.2 Constant Temperature Electric Water Heater
9.6.3 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 Market Size Forecast by Applications
9.10.1 Home
9.10.2 School
9.10.3 Hotel
9.10.4 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Constant Temperature Gas Water Heater
10.6.2 Constant Temperature Electric Water Heater
10.6.3 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 Market Size Forecast by Applications
10.10.1 Home
10.10.2 School
10.10.3 Hotel
10.10.4 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Constant Temperature Gas Water Heater
11.6.2 Constant Temperature Electric Water Heater
11.6.3 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 Market Size Forecast by Applications
11.10.1 Home
11.10.2 School
11.10.3 Hotel
11.10.4 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Constant Temperature Gas Water Heater
12.6.2 Constant Temperature Electric Water Heater
12.6.3 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 Market Size Forecast by Applications
12.10.1 Home
12.10.2 School
12.10.3 Hotel
12.10.4 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Constant Temperature Gas Water Heater
13.6.2 Constant Temperature Electric Water Heater
13.6.3 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) Market Size Forecast by Applications
13.10.1 Home
13.10.2 School
13.10.3 Hotel
13.10.4 Others
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 Thermostatic Water Heater Market: Competitive Dashboard
14.2 Global Thermostatic Water Heater Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Haier
14.3.2 Midea
14.3.3 AO Smith
14.3.4 COLMO
14.3.5 CASARTE
14.3.6 Rinnai
14.3.7 Macro
14.3.8 Vanward
14.3.9 NORITZ
14.3.10 SAKURA
14.3.11 Vatti
14.3.12 Otlan
