Market Overview:
The global water heater expansion tank market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for hot water in residential and commercial applications, and the growing awareness about energy-efficient water heating solutions. The global water heater expansion tank market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into 1-5 gallon, 5-10 gallon, and more than 10 gallon tanks. The 1-5 gallon tank segment is expected to account for a major share of the global water heater expansion tank market in 2018 owing to its low price point and easy installation process. However, this segment is projected to witness a slower growth rate during the forecast period as compared to other segments due to its limited storage capacity. .
Product Definition:
A water heater expansion tank is a small vessel that's attached to a water heater. It's used to store excess hot water so the pressure doesn't build up and cause the water heater to burst.
1-5 Gallon:
The 1-5 Gallon water heater is used for storing hot water for longer periods of time. It can be used in washing machines, dishwashers, and other home appliances that require hot water. The growth factor responsible for the increasing demand is due to its low cost as compared to larger storage capacity tanks which are also a key factor driving the market growth.
5-10 Gallon:
The 5-10 Gallon water heater is used to store hot water for longer duration of time. It can be used in washing machines, dishwashers, and cooking applications. The storage tank is made up of plastic or metal and it has a handle on top for carrying the hot water inside the house. The size of the storage tank depends upon how much hot water one requires at a time.
Application Insights:
The residential application segment held the largest share of more than 60.0% in 2017. The growth can be attributed to increasing urbanization and rising disposable income levels in developing countries including China, India, Brazil and Mexico. These tanks are used for heating water on-demand basis without continuous need for refilling from the boiler source.
Commercial application is expected to expand at a CAGR of XX% over the forecast period owing to growing demand from hotels, restaurants and other commercial sectors such as healthcare facilities, educational institutions.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid urbanization, which has resulted in an increasing number of commercial buildings, hotels, restaurants and institutional buildings. This trend is projected to drive the demand for water heaters over the forecast period.
The growing tourism sector across Asia Pacific countries such as Thailand, Malaysia and Vietnam is also anticipated to fuel product demand from 2018 to 2030. In addition, rising investments by various governments for developing infrastructure including hospitals are likely to boost industry growth over the coming years.
Europe accounted for a significant share of revenue in 2017 owing to large-scale adoption of energy-efficient heating solutions coupled with strict government regulations regarding carbon emissions caused during manufacturing processes associated with water heaters (primarily heating elements). These factors are expected to result in increased penetration of energy-efficient products across Europe throughout the forecast period.
Growth Factors:
- Increasing demand for hot water in residential and commercial sectors
- Growing awareness about the benefits of using water heater expansion tanks
- Rising installation of solar water heating systems
- Technological advancements in the field of water heater expansion tanks
- Government initiatives to promote use of energy-efficient appliances
Scope Of The Report
Report Attributes
Report Details
Report Title
Water Heater Expansion Tank Market Research Report
By Type
1-5 Gallon, 5-10 Gallon, More Than 10 Gallon
By Application
Residential, Commercial, Others
By Companies
Watts, Easyflex, A.O.Smith, American Water Heaters, Amtrol, Pure-Pro Water Corporation
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
217
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Water Heater Expansion Tank Market Report Segments:
The global Water Heater Expansion Tank market is segmented on the basis of:
Types
1-5 Gallon, 5-10 Gallon, More Than 10 Gallon
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, Commercial, 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:
- Watts
- Easyflex
- A.O.Smith
- American Water Heaters
- Amtrol
- Pure-Pro Water Corporation
Highlights of The Water Heater Expansion Tank 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:
- 1-5 Gallon
- 5-10 Gallon
- More Than 10 Gallon
- By Application:
- Residential
- Commercial
- 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 Water Heater Expansion Tank 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 water heater expansion tank is a device that helps to increase the amount of hot water that can be produced by a standard water heater. This is done by allowing more hot water to flow into the tank from the main supply line, which in turn will help to reduce wait times for customers.
Some of the major companies in the water heater expansion tank market are Watts, Easyflex, A.O.Smith, American Water Heaters, Amtrol, Pure-Pro Water Corporation.
The water heater expansion tank 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 Water Heater Expansion Tank 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 Water Heater Expansion Tank Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Water Heater Expansion Tank 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 Water Heater Expansion Tank 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 Water Heater Expansion Tank Market Size & Forecast, 2020-2028
4.5.1 Water Heater Expansion Tank Market Size and Y-o-Y Growth
4.5.2 Water Heater Expansion Tank 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 1-5 Gallon
5.2.2 5-10 Gallon
5.2.3 More Than 10 Gallon
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 Residential
6.2.2 Commercial
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Water Heater Expansion Tank 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 Water Heater Expansion Tank 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 1-5 Gallon
9.6.2 5-10 Gallon
9.6.3 More Than 10 Gallon
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 Residential
9.10.2 Commercial
9.10.3 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 1-5 Gallon
10.6.2 5-10 Gallon
10.6.3 More Than 10 Gallon
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 Residential
10.10.2 Commercial
10.10.3 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 1-5 Gallon
11.6.2 5-10 Gallon
11.6.3 More Than 10 Gallon
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 Residential
11.10.2 Commercial
11.10.3 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 1-5 Gallon
12.6.2 5-10 Gallon
12.6.3 More Than 10 Gallon
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 Residential
12.10.2 Commercial
12.10.3 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 1-5 Gallon
13.6.2 5-10 Gallon
13.6.3 More Than 10 Gallon
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 Residential
13.10.2 Commercial
13.10.3 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 Water Heater Expansion Tank Market: Competitive Dashboard
14.2 Global Water Heater Expansion Tank Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Watts
14.3.2 Easyflex
14.3.3 A.O.Smith
14.3.4 American Water Heaters
14.3.5 Amtrol
14.3.6 Pure-Pro Water Corporation
