Market Overview:
The global kitchen electric 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 hot water in households and commercial establishments. In addition, the growing awareness about energy-efficient appliances is also contributing to the growth of this market. Tankless electric water heaters are witnessing high demand due to their energy-efficiency and compact design as compared with tank-type electric water heaters.
Product Definition:
A kitchen electric water heater is a device that uses electricity to heat water. This type of water heater is often used in homes, schools, and businesses. The importance of a kitchen electric water heater is that it provides a convenient and efficient way to heat water for cooking or cleaning purposes.
Tank:
Tank is a device, which stores liquid in glass or plastic vessel and allows heating of the liquid at required temperature. It’s mainly used for water heating process in electric water heaters. The tank holds the heat as well as cold very easily and quickly, due to this reason it’s widely used by hotels, restaurants and households for storing hot & cold liquids respectively.
Tankless:
Tankless water heater is a device which does not contain any storage tank. It provides hot water on demand and has no storage tanks or reservoirs. These devices are safe to use as they do not have any valves or faucets that could leak and cause contamination. The heaters can be installed in the places where there is no access to central heating systems such as mobile homes, boats, recreational vehicles, cabins without electricity, and rural areas among others.
Application Insights:
The household segment dominated the global kitchen electric water heater market in 2017. The demand for the product is generally higher in urban areas as compared to rural areas. This can be attributed to increasing consumer spending on home remodeling and renovation activities, which encourage consumers to install modern appliances such as an electric water heater. Furthermore, rapid growth of the residential sector across various regions including North America and Europe is likely to drive demand over the forecast period.
Commercial application was estimated as largest segment in 2017 owing to rising adoption of commercial spaces such as hotels, restaurants and educational institutions among others by businesses for cost-saving measures along with improved hygiene conditions for employees working there. Increasing number of commercial properties are being constructed across various developing countries including China, India and Brazil due to growing business enterprises coupled with rising disposable income levels will further boost industry growth over the forecast period.
Regional Analysis:
Asia Pacific dominated the global kitchen electric water heater market in 2017. The region is expected to continue its dominance over the forecast period as well. This can be attributed to increasing awareness regarding energy conservation and sustainable development, growing real estate sector, and rapid urbanization across countries such as China, India, Indonesia among others. Moreover, rising disposable income levels coupled with a large population base will boost demand for these products in this region over the next eight years.
The Asia Pacific was followed by Europe which accounted for more than 20% of global revenue share in 2017 owing to high acceptance of advanced technology products along with increased focus on energy conservation practices within households especially during off-peak hours.
Growth Factors:
- Increasing demand for electric water heaters from the residential sector as a result of growing population and rising income levels.
- Rapid urbanization, which is leading to the development of new housing projects, is also expected to drive the demand for electric water heaters in the coming years.
- Growing awareness about energy-efficient appliances among consumers is likely to boost sales of electric water heaters in the near future.
- The increasing popularity of tankless water heaters across different regions is projected to fuel growth in the kitchen electric water heater market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Kitchen Electric Water Heater Market Research Report
By Type
Tank, Tankless
By Application
Household, Commercial
By Companies
A.O. Smith, General Electric, Rheem Manufacturing, Siemens, Ariston Thermo, Bajaj Electricals, Bradford White, Crompton Greaves, ELDOMINVEST, Ferroli, Haier, Hubbell, Noritz, Vanward Electric
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Kitchen Electric Water Heater Market Report Segments:
The global Kitchen Electric Water Heater market is segmented on the basis of:
Types
Tank, Tankless
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
Household, Commercial
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:
- A.O. Smith
- General Electric
- Rheem Manufacturing
- Siemens
- Ariston Thermo
- Bajaj Electricals
- Bradford White
- Crompton Greaves
- ELDOMINVEST
- Ferroli
- Haier
- Hubbell
- Noritz
- Vanward Electric
Highlights of The Kitchen Electric 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:
- Tank
- Tankless
- By Application:
- Household
- Commercial
- 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 Kitchen Electric 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 kitchen electric water heater is a small, portable device that heats water in the oven or on the stovetop. It's typically used to heat up water for cooking or drinking.
Some of the major players in the kitchen electric water heater market are A.O. Smith, General Electric, Rheem Manufacturing, Siemens, Ariston Thermo, Bajaj Electricals, Bradford White, Crompton Greaves, ELDOMINVEST, Ferroli, Haier, Hubbell, Noritz, Vanward Electric.
The kitchen electric water heater market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Kitchen Electric Water Heater Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Kitchen Electric Water Heater Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Kitchen Electric Water Heater Market - Supply Chain
4.5. Global Kitchen Electric Water Heater Market Forecast
4.5.1. Kitchen Electric Water Heater Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Kitchen Electric Water Heater Market Size (000 Units) and Y-o-Y Growth
4.5.3. Kitchen Electric Water Heater Market Absolute $ Opportunity
5. Global Kitchen Electric Water Heater Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Kitchen Electric Water Heater Market Size and Volume Forecast by Type
5.3.1. Tank
5.3.2. Tankless
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Kitchen Electric Water Heater Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Kitchen Electric Water Heater Market Size and Volume Forecast by Application
6.3.1. Household
6.3.2. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Kitchen Electric Water Heater Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Kitchen Electric Water Heater Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Kitchen Electric Water Heater Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Kitchen Electric Water Heater Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Kitchen Electric Water Heater Demand Share Forecast, 2019-2026
9. North America Kitchen Electric Water Heater Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Kitchen Electric Water Heater Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Kitchen Electric Water Heater Market Size and Volume Forecast by Application
9.4.1. Household
9.4.2. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Kitchen Electric Water Heater Market Size and Volume Forecast by Type
9.7.1. Tank
9.7.2. Tankless
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Kitchen Electric Water Heater Demand Share Forecast, 2019-2026
10. Latin America Kitchen Electric Water Heater Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Kitchen Electric Water Heater Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Kitchen Electric Water Heater Market Size and Volume Forecast by Application
10.4.1. Household
10.4.2. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Kitchen Electric Water Heater Market Size and Volume Forecast by Type
10.7.1. Tank
10.7.2. Tankless
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Kitchen Electric Water Heater Demand Share Forecast, 2019-2026
11. Europe Kitchen Electric Water Heater Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Kitchen Electric Water Heater Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Kitchen Electric Water Heater Market Size and Volume Forecast by Application
11.4.1. Household
11.4.2. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Kitchen Electric Water Heater Market Size and Volume Forecast by Type
11.7.1. Tank
11.7.2. Tankless
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projectons by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Kitchen Electric Water Heater Demand Share, 2019-2026
12. Asia Pacific Kitchen Electric Water Heater Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Kitchen Electric Water Heater Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Kitchen Electric Water Heater Market Size and Volume Forecast by Application
12.4.1. Household
12.4.2. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Kitchen Electric Water Heater Market Size and Volume Forecast by Type
12.7.1. Tank
12.7.2. Tankless
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Kitchen Electric Water Heater Demand Share, 2019-2026
13. Middle East & Africa Kitchen Electric Water Heater Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Kitchen Electric Water Heater Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Kitchen Electric Water Heater Market Size and Volume Forecast by Application
13.4.1. Household
13.4.2. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Kitchen Electric Water Heater Market Size and Volume Forecast by Type
13.7.1. Tank
13.7.2. Tankless
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Kitchen Electric Water Heater Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Kitchen Electric Water Heater Market: Market Share Analysis
14.2. Kitchen Electric Water Heater Distributors and Customers
14.3. Kitchen Electric Water Heater Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. A.O. Smith
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. General Electric
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Rheem Manufacturing
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Siemens
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ariston Thermo
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Bajaj Electricals
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Bradford White
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Crompton Greaves
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ELDOMINVEST
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Ferroli
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Haier
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hubbell
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Noritz
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Vanward Electric
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
