热水器市场按能源来源、安装类型、容量、最终用途、分销管道和安装类型划分－2025-2032年全球预测

预计到 2032 年，热水器市场规模将成长 393.8 亿美元，复合年增长率为 5.67%。

主要市场统计数据
基准年 2024	253.2亿美元
预计年份：2025年	266.3亿美元
预测年份：2032年	393.8亿美元
复合年增长率 (%)	5.67%

为决策者提供热水器生态系统中影响产品设计、采购重点和营运韧性的各种因素的策略方向

热水供应产业正处于曲折点，技术变革、监管力度和终端用户优先事项正在再形成住宅、商业和工业领域的投资和营运选择。

本文概述了影响产品设计、供应链架构和通路策略的关键因素，重点在于阐述了能源来源演变、安装方式和产能规划如何影响资本配置和生命週期成本考量。此外，本文还将讨论置于政策主导的加速脱碳、家用电子电器产品数位化以及建筑公司、设施管理人员和电力公司采购行为演变的大背景下。其目的是帮助企业领导者清晰了解竞争动态，并确定决定中短期韧性和成长的关键策略槓桿。

关键的竞争趋势正在重新定义产品技术选择、数位整合和供应链策略，产业领导者必须优先考虑这些因素才能保持竞争力。

市场正在经历变革性的变化，这不仅反映了渐进式的技术创新，更反映了热水产生、控制和输送方式的系统性重组。

随着公用事业公司和监管机构奖励低碳解决方案，电气化进程正在加快，这推动了人们对电阻式和热泵技术的兴趣。同时，对更高效率和按需供电的需求日益增长，使得无水箱式热水器更具吸引力，而整合式太阳能热系统和光伏系统在拥有支援性奖励机制的地区也越来越受欢迎。数位化连接透过远端监控、预测性维护和智慧需求响应能力再形成了价值提案，为基于服务的收入模式和与电网管理更紧密的整合创造了机会。供应链策略也在不断演变。製造商和经销商优先考虑零件本地化、策略性库存布局和供应商组合多元化，以降低地缘政治和物流风险。最后，随着严格的建筑规范和公用事业公司的补贴计划加快了传统设备的更换週期，製造商和安装商正在围绕改造解决方案和模组化产品线进行创新，以降低安装复杂性和整体拥有成本。

关税引发的供应和投入成本波动如何迫使製造商和经销商重组采购、定价和生产力计画以维持净利率。

关税动态引入了相当多的策略不确定性，这种不确定性会波及到热水器供应链中的采购、定价和投资决策。

当关税影响钢铁、铝、压缩机、电子控制装置和太阳能组件等原料时，製造商面临双重挑战：既要保护净利率，也要维持终端客户的竞争力价格分布。事实上，许多公司正在加速供应链多元化，寻求近岸製造方案，并投资于产品重新设计，以减少对受限或加征关税原材料的依赖。定价策略也变得更加精细，结合了选择性成本吸收、针对高级产品进行有针对性的价格调整，以及与通路合作伙伴更紧密的合作以维持需求弹性。在关税框架稳定之前，各公司正在推迟或逐步扩大产能，同时探索策略伙伴关係和长期采购协议，以确保获得有利的条款。各公司正在强调灵活的生产线、模组化的产品架构和资料主导的采购方式，以便在不影响服务水准或合规义务的前提下，快速应对关税变化。

详细的细分市场情报揭示了能源来源差异化、选址、容量等级、终端用户需求、管道和更换动态如何影响产品策略。

细分讯号为根据个体需求特征和监管环境客製化产品策略和市场推广方案提供了棱镜。能源来源细分突显了多样化的管道。在电网脱碳和公用事业奖励相契合的地区，电力系统更具吸引力；在天然气成本低廉且拥有传统天然气基础设施的地区，天然气仍然具有重要意义；热泵系统则以满足提高效率和实现脱碳目标为目标；而太阳能方案在屋顶和热集成经济效益良好的地区越来越受欢迎。当需要简单性、冗余性和大容量缓衝时，储存槽通常是首选；而无水箱解决方案则在空间受限的安装和优先考虑降低待机损耗的即用型部署中表现出色。容量细分突显了不同应用场景的需求模式有显着差异。 50加仑以下的配置适用于小型住宅单元和即用型应用，而50-100加仑的产品则满足大型多用户住宅和商业设施的需求。容量超过 100 加仑的产品能够满足大型设施和工业流程的需求，在这些领域，持续的吞吐量至关重要。终端用户细分凸显了不同的采购週期和效能要求。住宅用户优先考虑安装便利性、可靠性和生命週期成本，而工业和商业用户则强调运作、可维护性以及符合安全和效率标准。在商业领域，医疗保健、饭店和机构等细分市场在冗余、法规遵循和尖峰需求方面各有其独特的限制。分销通路细分反映了不断变化的买家行为和物流模式。虽然线下管道仍然主导着需要本地技术专长和现场服务的复杂计划，但线上管道（包括製造商网站和第三方电子商务平台）在标准化设备、备件和快速补货方面的重要性日益凸显。最后，安装情况（全新安装或更换）将影响产品规格和售后市场设计，更换市场更注重改造相容性、简化试运行和诊断支持，以最大限度地减少更换期间的停机时间。

世界不同地区的区域政策框架、基础设施状况、製造业布局和公用事业项目如何决定招募管道和竞争策略

区域动态正以截然不同的方式塑造技术采纳管道和竞争策略，这取决于政策框架、能源结构和基础设施成熟度。在美洲，市场环境的差异导致製造商必须同时支援旧有系统和新兴的电力或热泵产品组合，一些地区电气化势头强劲，而另一些地区则天然气渗透率很高。在某些地区，监管工具和奖励计划正在加速维修和公用事业主导的更换项目，这反过来又影响供应商如何建立其返利产品组合和安装商网路。

欧洲、中东和非洲的能源格局错综复杂。严格的排放目标和雄心勃勃的能源效率标准推动了欧洲许多市场对热泵和电力解决方案的快速采用，而中东和非洲市场的需求则呈现出异质性，这主要受电网稳定性、燃料供应以及分散式太阳能投资等因素的影响。已开发国家的政策和合规性推动了产品认证、噪音和能源效率标籤的製定，以及与楼宇能源管理系统的整合。在全部区域，贸易政策、基础设施建设和资金可用性之间的相互作用正在影响着能源解决方案的普及曲线和售后服务模式。

亚太地区是製造业产能和快速应用领域的中心，多个经济体优先发展电气化、满足都市化带来的居民需求以及推动太阳能併网。在整个亚太地区，供应链的密集化和零件的专业化为本地企业创造了优势，而部分市场劳动力和投入成本的上升则推动了自动化和价值链优化。跨境贸易动态和区域贸易协定进一步影响采购决策和前置作业时间，进而影响库存策略和经销商关係。

市场参与企业向整合数位服务、维修解决方案和柔性製造领域采取的策略性倡议

主要企业正趋于采取一系列策略性应对措施，旨在保护盈利并拓展核心产品销售以外的潜在市场机会。这些企业正投资于兼顾传统技术与高效节能家电和热泵的产品系列，同时加速开发便于改造升级的机型，以满足更换需求。此外，他们还优先发展数位化能力，引入远距离诊断，并开发订阅式服务，以加深客户关係并创造持续的收入来源。

在商业方面，供应商正加强与工程采购和建设公司、设施管理公司以及电力公司的伙伴关係，以确保签订长期服务协议，并将设备纳入更广泛的节能计画。同时，各公司正透过模组化生产线和策略供应商协议优化其生产布局，以降低单一来源风险。在分销领域，领导企业正拓展其全通路能力，既支持透过本地销售推动复杂的计划流程，也支持透过电子商务进行便利的产品采购。在所有业务活动中，企业策略都强调永续性报告、遵守新的能源效率标准，并积极与政策制定者和产业联盟合作，以製定实施时间表和技术要求。

为製造商、经销商和服务供应商提供高影响力策略建议，以增强韧性、抓住改造需求并确保经常性收入来源。

产业领导者应采取一系列协调一致的行动，在短期营运韧性和长期策略定位之间取得平衡。首先，投资于产品模组化和平台架构，以实现针对不同能源来源和容量需求的快速重新配置，从而加快新产品上市速度并降低库存复杂性。同时，优先整合智慧控制和远距离诊断，以支援附加价值服务、降低维护成本并参与需量反应计划。

第二，我们正在透过为关键零件製定双重采购安排并评估近岸外包方案来实现供应链多元化，以缩短前置作业时间并减轻关税的影响。在条件允许的情况下，我们正在与供应商协商签订多年期合同，其中包括透明的、与指数挂钩的价格调整机制，以提高成本的可预测性。第三，我们正在透过与公用事业公司合作进行试验计画，使我们的商业策略与法规和公用事业激励计划奖励，这些项目旨在设计目标产品、展示电网价值并开发新的采购管道。第四，我们正在透过认证安装商计画、数位化性能验证工具和预测性维护服务来加速我们的售后市场和服务能力，确保持续的收入来源。最后，我们正在将资源分配给有针对性的区域策略，这些策略反映了区域政策、能源结构和通路偏好。我们正在改造维修市场和新建成长走廊制定差异化的发展策略，以最大限度地提高转换率和净利率。

我们采用透明的多方法研究途径，结合主要相关人员访谈、文件审查、情境分析和严格的三角验证，以得出可操作的结论。

我们的调查方法结合了定量和定性数据，并透过结构化的方式收集信息，旨在确保研究结果的准确性、相关性和可操作性。主要研究包括对供应链高管、产品开发负责人、通路合作伙伴和设施管理人员进行结构化访谈，以获取关于技术偏好、采购限制和服务期望的第一手观点。次要研究则透过对监管记录、行业标准、专利申请和上市公司资讯披露的严格审查，补充了这些见解，以检验技术发展轨迹和政策驱动因素。

分析方法包括情境分析（用于评估关税和监管变化的影响）、价值链映射（用于识别集中风险和前置作业时间瓶颈）以及跨多个资料来源的三角验证（用于确认方向性）。品管包括对假设进行独立同侪审查、将访谈得出的论点与书面证据进行交叉检验，以及对关键变数进行敏感性测试（以了解建议措施的稳健性）。在存在限制因素的情况下，例如贸易政策的快速变化或区域法律法规的变更，本调查方法强调适应性监测和定期更新，以更新假设并纳入新的监管和技术发展。

本文简要概述了技术变革、监管驱动因素和通路演变将如何决定热水器市场参与企业最具韧性的发展路径。

监管压力、技术创新和不断变化的买家偏好共同作用，正在重新定义热水解决方案的竞争格局，从而对敏捷性、产品差异化和通路协调提出了明确的要求。

采用模组化产品设计、数位化服务层和多元化供应链的製造商和经销商能够更好地应对关税波动和区域差异，同时与公用事业公司、政策制定者和大型客户保持密切合作，可以加速高效低碳解决方案的推广应用。透过优先考虑改造相容性、可维护性设计和有针对性的区域策略，产业参与者既可以保障净利率，提升客户终身价值，应对当前的营运风险，又能支援更广泛的脱碳目标。

目录

第一章：序言

第二章调查方法

第三章执行摘要

第四章 市场概览

第五章 市场洞察

• 住宅和商业领域向太阳能和可再生能源热水供应的过渡
• 为满足能源法规要求，对高效能冷凝式热水器的需求不断增长
• 消费者对能源成本的担忧推动了无水箱式和即热式热水器的成长。
• 将物联网技术整合到热水器中，用于预测性维护和使用分析。
• 混合式热泵热水器作为一种永续且经济的解决方案，正变得越来越受欢迎。
• 政府的奖励和折扣鼓励采用环保热水系统。
• 对耐腐蚀和耐用材料的日益重视正在延长热水器的使用寿命。

第六章美国关税的累积影响，2025年

第七章：人工智慧的累积影响，2025年

第八章：按能源来源的热水器市场

• 电
• 气体
• 热泵
• 基于太阳能

第九章 依安装类型分類的热水器市场

• 带罐
• 无水箱

第十章 热水器市场（依容量划分）

• 50至100加仑
• 超过100加仑
• 最多 50 加仑

第十一章 以最终用途分類的热水器市场

• 商业的
  • 卫生保健
  • 饭店业
  • 设施
• 产业
• 住房

第十二章 按分销通路分類的热水器市场

• 离线
• 在线的
  • 製造商网站
  • 第三方电子商务

第十三章 依安装类型分類的热水器市场

• 新安装
• 交换

第十四章 各地区的热水器市场

• 美洲
  • 北美洲
  • 拉丁美洲
• 欧洲、中东和非洲
  • 欧洲
  • 中东
  • 非洲
• 亚太地区

第十五章 热水器市场（依类别划分）

• ASEAN
• GCC
• EU
• BRICS
• G7
• NATO

第十六章 各国热水器市场

• 美国
• 加拿大
• 墨西哥
• 巴西
• 英国
• 德国
• 法国
• 俄罗斯
• 义大利
• 西班牙
• 中国
• 印度
• 日本
• 澳洲
• 韩国

第十七章 竞争格局

• 2024年市占率分析
• FPNV定位矩阵，2024
• 竞争分析
  • AO Smith Corporation
  • Ariston Holding Group
  • Bajaj Electricals Limited
  • Blue Carbon Technology Inc.
  • Bradford White Corporation
  • Carrier Global Corporation by Honeywell International Inc.
  • Crompton Greaves Consumer Electricals Limited
  • Emmvee Group
  • Ferroli Group
  • Haier Group
  • Havells Group
  • LG Electronics Inc.
  • NORITZ Corporation
  • Orient Electric
  • Paloma Co., Ltd.
  • Panasonic Holdings Corporation
  • Rheem Manufacturing Company
  • Rinnai Corporation
  • Robert Bosch GmbH
  • Sole SA
  • STIEBEL ELTRON GmbH & Co. KG
  • Suneco Green Energy Ltd
  • Westinghouse Electric Corporation
  • Whirlpool Corporation

The Water Heater Market is projected to grow by USD 39.38 billion at a CAGR of 5.67% by 2032.

KEY MARKET STATISTICS
Base Year [2024]	USD 25.32 billion
Estimated Year [2025]	USD 26.63 billion
Forecast Year [2032]	USD 39.38 billion
CAGR (%)	5.67%

A strategic orientation to the converging forces in the water heater ecosystem that will shape product design, procurement priorities, and operational resilience for decision-makers

The water heater landscape is at an inflection point where technology, regulatory momentum, and shifting end-user priorities converge to reshape investment and operational choices across residential, commercial, and industrial spheres.

This introduction frames the essential forces influencing product design, supply chain architecture, and channel strategies, emphasizing how energy source transitions, installation modalities, and capacity planning affect capital allocation and life-cycle cost considerations. It also situates the conversation within a context of accelerating policy-driven decarbonization, digitization of appliances, and evolving procurement behaviors among builders, facility managers, and utilities. The intent is to provide leaders with a crisp orientation to the competitive dynamics and to identify the strategic levers that will determine resilience and growth in the near to medium term.

Critical transformational trends redefining product technology choices, digital integration, and supply chain strategies that industry leaders must prioritize to remain competitive

The market is undergoing transformative shifts that extend beyond incremental innovation and instead reflect a systemic reconfiguration of how hot water is generated, controlled, and delivered across built environments.

Electrification is advancing as utilities and regulators incentivize lower-carbon solutions, driving increased interest in electric resistance and heat pump technologies. Concurrently, demand for higher efficiency and on-demand provisioning elevates the relevance of tankless architectures, while integrated solar thermal and photovoltaic-coupled systems gain traction in regions with supportive incentive structures. Digital connectivity is reshaping value propositions through remote monitoring, predictive maintenance, and smart demand-response capabilities, creating opportunities for service-based revenue models and tighter integration with grid management. Supply chain strategies are also evolving: manufacturers and distributors are prioritizing component localization, strategic inventory positioning, and diversified supplier portfolios to mitigate geopolitical and logistical risks. Finally, stringent building codes and utility rebate programs are accelerating the replacement cycle for legacy equipment, prompting manufacturers and installers to innovate around retrofitting solutions and modular product lines that reduce installation complexity and total ownership cost.

How tariff-induced supply and input cost volatility is compelling manufacturers and distributors to reconfigure sourcing, pricing, and capacity planning in order to sustain margins

Tariff dynamics introduce a material layer of strategic uncertainty that reverberates across sourcing, pricing, and investment decisions in the water heater supply chain.

When tariffs affect inputs such as steel, aluminum, compressors, electronic controls, or photovoltaic components, manufacturers face a dual imperative: safeguard margins while maintaining competitive price points for end customers. In practice, that has led many firms to accelerate supply base diversification, pursue nearshore manufacturing options, and invest in redesigns that reduce exposure to constrained or tariffed inputs. Pricing strategies have become more nuanced, combining selective cost absorption, targeted price adjustments on premium lines, and closer collaboration with channel partners to preserve demand elasticity. Regulatory unpredictability also alters capital planning, as firms delay or phase manufacturing capacity expansions until duty frameworks stabilize, while at the same time exploring strategic partnerships and long-term sourcing agreements to lock in favorable terms. The net effect is a heightened emphasis on operational agility: companies are placing greater value on flexible production lines, modular product architectures, and data-driven procurement practices that can rapidly adapt to tariff shifts without eroding service levels or compliance obligations.

Deep segmentation intelligence revealing how energy source distinctions, installation choices, capacity tiers, end-use demands, channels, and replacement dynamics shape product strategies

Segmentation signals provide a prism through which product strategy and go-to-market approaches should be tailored to distinct demand profiles and regulatory contexts. Energy source segmentation highlights divergent pathways: electric systems appeal where grid decarbonization and utility incentives align, gas remains relevant in corridors with low-cost natural gas and legacy gas infrastructure, heat pump systems are positioned for efficiency and decarbonization objectives, and solar based approaches gain traction where rooftop or thermal integration economics are favorable. Installation type segmentation clarifies trade-offs between storage tank and tankless architectures; storage tanks are often favored where simplicity, redundancy, or larger capacity buffering is required, whereas tankless solutions excel in space-constrained installations and point-of-use deployments that emphasize reduced standby losses. Capacity segmentation underscores that demand patterns vary significantly by application: up to 50 gallons configurations suit small residential units and point-of-use roles, 50 to 100 gallons offerings address larger multifamily and commercial needs, and above 100 gallons capacities meet the demands of large institutions and industrial processes where sustained throughput is critical. End use segmentation draws attention to differentiated procurement cycles and performance requirements; residential buyers prioritize ease of installation, reliability, and lifecycle cost, while industrial and commercial purchasers emphasize uptime, serviceability, and compliance with safety and efficiency standards. Within the commercial category, sub-segments such as healthcare, hospitality, and institutional facilities each present unique constraints around redundancy, regulatory compliance, and peak demand profiles. Distribution channel segmentation reflects evolving buyer behaviors and logistics models: offline channels continue to dominate for complex projects requiring local technical expertise and field service, while online channels-both manufacturer websites and third-party e-commerce platforms-grow in relevance for standardized units, spare parts, and rapid replenishment. Finally, the installation context of new installation versus replacement influences product specification and aftermarket service design, with replacement markets placing premium value on retrofit compatibility, simplified commissioning, and diagnostic support to minimize downtime during swap-outs.

How distinct regional policy frameworks, infrastructure conditions, manufacturing footprints, and utility programs are dictating adoption pathways and competitive tactics across each global region

Regional dynamics are shaping adoption pathways and competitive tactics in markedly different ways, driven by policy frameworks, energy mixes, and infrastructure maturity. In the Americas, diverse market conditions combine high electrification momentum in some jurisdictions with persistent gas adoption elsewhere, leading to a bifurcated approach where manufacturers must support both legacy systems and emerging electric or heat pump portfolios. Regulatory instruments and incentive programs in several jurisdictions are accelerating retrofits and utility-led replacement programs, which in turn influence how suppliers structure rebate-backed product bundles and installer networks.

Europe, the Middle East & Africa present a complex tableau where stringent emissions targets and ambitious efficiency standards in many European markets push rapid adoption of heat pump and electric solutions, while markets in the Middle East and Africa show heterogeneous demand driven by differing grid stability, fuel availability, and investment in distributed solar. Policy and compliance imperatives in advanced economies drive product certification, noise and efficiency labeling, and integration with building energy management systems. Across the region, the interplay between trade policy, infrastructure development, and capital availability shapes adoption curves and aftermarket service models.

Asia-Pacific remains a focal point for both manufacturing capacity and rapid adoption, with several economies prioritizing electrification, urbanization-driven residential demand, and solar integration. Supply chain densification and component specialization in the region have created advantages for firms with established local footprints, while rising labor and input costs in some markets incentivize automation and value-chain optimization. Cross-border trade dynamics and regional trade agreements further influence sourcing decisions and lead times, which in turn affect inventory strategies and distributor relationships.

Strategic moves by market participants to integrate digital services, retrofit solutions, and flexible manufacturing while deepening partnerships with channels and infrastructure stakeholders

Leading companies are converging around a set of strategic responses designed to protect profitability while expanding addressable opportunity beyond core product sales. Firms are investing in product portfolios that balance legacy technologies with high-efficiency electric and heat pump offerings, while accelerating development of retrofit-friendly models to capture replacement demand. They are also prioritizing digital capabilities, embedding remote diagnostics, and developing subscription-style service offerings to deepen customer relationships and create recurring revenue streams.

On the commercial front, suppliers are strengthening partnerships with engineering procurement and construction firms, facility managers, and utilities to secure long-term service contracts and to embed equipment in broader energy efficiency programs. Simultaneously, companies are optimizing manufacturing footprints through modular production lines and strategic supplier contracts that reduce exposure to single-source risks. In distribution, leading players are expanding omni-channel capabilities to serve both complex project pipelines via local sales and simpler product purchases through e-commerce. Across all activities, corporate strategies emphasize sustainability reporting, compliance with emerging efficiency standards, and proactive engagement with policymakers and industry consortia to shape implementation timelines and technical requirements.

High-impact strategic recommendations for manufacturers, distributors, and service providers to enhance resilience, capture retrofit demand, and unlock recurrent revenue streams

Industry leaders should pursue a coordinated set of actions that balance near-term operational resilience with long-term strategic positioning. First, invest in product modularity and platform architectures that enable rapid reconfiguration for different energy sources and capacity requirements, thereby reducing time-to-market for new variants and lowering inventory complexity. Concurrently, prioritize the integration of smart controls and remote diagnostics to support value-added services, reduce maintenance costs, and enable participation in demand-response programs.

Second, diversify supply chains by developing dual-sourcing arrangements for critical components and by evaluating nearshoring options that shorten lead times and reduce tariff exposure. Where possible, negotiate multi-year supplier agreements that include price adjustment mechanisms tied to transparent indices to improve cost predictability. Third, align commercial strategies with regulatory and utility incentive programs by designing rebate-eligible products and by partnering with utilities on pilot programs that demonstrate grid value and open new channels for procurement. Fourth, accelerate aftermarket and service capabilities through certified installer programs, digital commissioning tools, and predictive maintenance offerings that lock in recurring revenue streams. Finally, allocate resources to targeted regional strategies that reflect local policy, energy mix, and channel preferences; deploy differentiated go-to-market plays for retrofit-dense markets versus new-construction growth corridors to maximize conversion rates and margins.

Transparent, multi-method research approach combining primary stakeholder interviews, document review, scenario analysis, and rigorous triangulation to underpin practical conclusions

This research synthesizes quantitative and qualitative inputs gathered through a structured methodology designed to ensure accuracy, relevance, and actionable insight. Primary research included structured interviews with supply chain executives, product development leaders, channel partners, and facility managers to capture first-hand perspectives on technology preferences, procurement constraints, and service expectations. Secondary research complemented these insights with a rigorous review of regulatory records, industry standards, patent filings, and public company disclosures to validate technology trajectories and policy drivers.

Analytical methods encompassed scenario analysis to evaluate the implications of tariff and regulatory shifts, value-chain mapping to identify concentration risks and lead-time bottlenecks, and triangulation across multiple data sources to confirm directional findings. Quality controls included independent peer review of assumptions, cross-validation of interview-derived claims against documented evidence, and sensitivity testing of key variables to understand the robustness of recommended actions. Where limitations exist-such as rapidly evolving trade policies and localized code changes-the methodology emphasizes adaptive monitoring and scheduled updates to refresh assumptions and to incorporate new regulatory or technological developments.

Concise synthesis of how technology shifts, regulatory drivers, and channel evolution collectively determine the most resilient pathways for water heater market participants

The convergence of regulatory pressure, technological innovation, and shifting buyer preferences is redefining the competitive terrain for water heating solutions, creating clear imperatives for agility, product differentiation, and channel alignment.

Manufacturers and distributors that embrace modular product design, digital service layers, and diversified supply chains will be best positioned to navigate tariff volatility and regional heterogeneity. Meanwhile, close engagement with utilities, policymakers, and large customers will accelerate adoption pathways for high-efficiency and low-carbon solutions. By prioritizing retrofit compatibility, serviceable designs, and targeted regional strategies, industry participants can protect margin, enhance customer lifetime value, and support broader decarbonization objectives while responding to immediate operational risks.

Table of Contents

1. Preface

• 1.1. Objectives of the Study
• 1.2. Market Segmentation & Coverage
• 1.3. Years Considered for the Study
• 1.4. Currency & Pricing
• 1.5. Language
• 1.6. Stakeholders

2. Research Methodology

3. Executive Summary

4. Market Overview

5. Market Insights

• 5.1. Shift towards solar thermal and renewable powered water heaters in residential and commercial sectors
• 5.2. Increasing demand for high efficiency condensing water heaters to meet energy regulations
• 5.3. Expansion of tankless and on-demand water heaters driven by consumer energy cost concerns
• 5.4. Integration of IoT technology in water heaters for predictive maintenance and usage analytics
• 5.5. Rising popularity of hybrid heat pump water heaters as sustainable and cost saving solutions
• 5.6. Government incentives and rebates boosting adoption of environmentally friendly water heating systems
• 5.7. Growing focus on corrosion resistant and durable materials to extend water heater lifespan

6. Cumulative Impact of United States Tariffs 2025

7. Cumulative Impact of Artificial Intelligence 2025

8. Water Heater Market, by Energy Source

• 8.1. Electric
• 8.2. Gas
• 8.3. Heat Pump
• 8.4. Solar Based

9. Water Heater Market, by Installation Type

• 9.1. Storage Tank
• 9.2. Tankless

10. Water Heater Market, by Capacity

• 10.1. 50 To 100 Gallons
• 10.2. Above 100 Gallons
• 10.3. Up To 50 Gallons

11. Water Heater Market, by End Use

• 11.1. Commercial
  • 11.1.1. Healthcare
  • 11.1.2. Hospitality
  • 11.1.3. Institutional
• 11.2. Industrial
• 11.3. Residential

12. Water Heater Market, by Distribution Channel

• 12.1. Offline
• 12.2. Online
  • 12.2.1. Manufacturer Website
  • 12.2.2. Third Party E-commerce

13. Water Heater Market, by Installation Type

• 13.1. New Installation
• 13.2. Replacement

14. Water Heater Market, by Region

• 14.1. Americas
  • 14.1.1. North America
  • 14.1.2. Latin America
• 14.2. Europe, Middle East & Africa
  • 14.2.1. Europe
  • 14.2.2. Middle East
  • 14.2.3. Africa
• 14.3. Asia-Pacific

15. Water Heater Market, by Group

• 15.1. ASEAN
• 15.2. GCC
• 15.3. European Union
• 15.4. BRICS
• 15.5. G7
• 15.6. NATO

16. Water Heater Market, by Country

• 16.1. United States
• 16.2. Canada
• 16.3. Mexico
• 16.4. Brazil
• 16.5. United Kingdom
• 16.6. Germany
• 16.7. France
• 16.8. Russia
• 16.9. Italy
• 16.10. Spain
• 16.11. China
• 16.12. India
• 16.13. Japan
• 16.14. Australia
• 16.15. South Korea

17. Competitive Landscape

• 17.1. Market Share Analysis, 2024
• 17.2. FPNV Positioning Matrix, 2024
• 17.3. Competitive Analysis
  • 17.3.1. A. O. Smith Corporation
  • 17.3.2. Ariston Holding Group
  • 17.3.3. Bajaj Electricals Limited
  • 17.3.4. Blue Carbon Technology Inc.
  • 17.3.5. Bradford White Corporation
  • 17.3.6. Carrier Global Corporation by Honeywell International Inc.
  • 17.3.7. Crompton Greaves Consumer Electricals Limited
  • 17.3.8. Emmvee Group
  • 17.3.9. Ferroli Group
  • 17.3.10. Haier Group
  • 17.3.11. Havells Group
  • 17.3.12. LG Electronics Inc.
  • 17.3.13. NORITZ Corporation
  • 17.3.14. Orient Electric
  • 17.3.15. Paloma Co., Ltd.
  • 17.3.16. Panasonic Holdings Corporation
  • 17.3.17. Rheem Manufacturing Company
  • 17.3.18. Rinnai Corporation
  • 17.3.19. Robert Bosch GmbH
  • 17.3.20. Sole S.A.
  • 17.3.21. STIEBEL ELTRON GmbH & Co. KG
  • 17.3.22. Suneco Green Energy Ltd
  • 17.3.23. Westinghouse Electric Corporation
  • 17.3.24. Whirlpool Corporation

LIST OF FIGURES

• FIGURE 1. GLOBAL WATER HEATER MARKET SIZE, 2018-2032 (USD MILLION)
• FIGURE 2. GLOBAL WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2024 VS 2032 (%)
• FIGURE 3. GLOBAL WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2024 VS 2025 VS 2032 (USD MILLION)
• FIGURE 4. GLOBAL WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2024 VS 2032 (%)
• FIGURE 5. GLOBAL WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2024 VS 2025 VS 2032 (USD MILLION)
• FIGURE 6. GLOBAL WATER HEATER MARKET SIZE, BY CAPACITY, 2024 VS 2032 (%)
• FIGURE 7. GLOBAL WATER HEATER MARKET SIZE, BY CAPACITY, 2024 VS 2025 VS 2032 (USD MILLION)
• FIGURE 8. GLOBAL WATER HEATER MARKET SIZE, BY END USE, 2024 VS 2032 (%)
• FIGURE 9. GLOBAL WATER HEATER MARKET SIZE, BY END USE, 2024 VS 2025 VS 2032 (USD MILLION)
• FIGURE 10. GLOBAL WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2024 VS 2032 (%)
• FIGURE 11. GLOBAL WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2024 VS 2025 VS 2032 (USD MILLION)
• FIGURE 12. GLOBAL WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2024 VS 2032 (%)
• FIGURE 13. GLOBAL WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2024 VS 2025 VS 2032 (USD MILLION)
• FIGURE 14. GLOBAL WATER HEATER MARKET SIZE, BY REGION, 2024 VS 2025 VS 2032 (USD MILLION)
• FIGURE 15. AMERICAS WATER HEATER MARKET SIZE, BY SUBREGION, 2024 VS 2025 VS 2032 (USD MILLION)
• FIGURE 16. NORTH AMERICA WATER HEATER MARKET SIZE, BY COUNTRY, 2024 VS 2025 VS 2032 (USD MILLION)
• FIGURE 17. LATIN AMERICA WATER HEATER MARKET SIZE, BY COUNTRY, 2024 VS 2025 VS 2032 (USD MILLION)
• FIGURE 18. EUROPE, MIDDLE EAST & AFRICA WATER HEATER MARKET SIZE, BY SUBREGION, 2024 VS 2025 VS 2032 (USD MILLION)
• FIGURE 19. EUROPE WATER HEATER MARKET SIZE, BY COUNTRY, 2024 VS 2025 VS 2032 (USD MILLION)
• FIGURE 20. MIDDLE EAST WATER HEATER MARKET SIZE, BY COUNTRY, 2024 VS 2025 VS 2032 (USD MILLION)
• FIGURE 21. AFRICA WATER HEATER MARKET SIZE, BY COUNTRY, 2024 VS 2025 VS 2032 (USD MILLION)
• FIGURE 22. ASIA-PACIFIC WATER HEATER MARKET SIZE, BY COUNTRY, 2024 VS 2025 VS 2032 (USD MILLION)
• FIGURE 23. GLOBAL WATER HEATER MARKET SIZE, BY GROUP, 2024 VS 2025 VS 2032 (USD MILLION)
• FIGURE 24. ASEAN WATER HEATER MARKET SIZE, BY COUNTRY, 2024 VS 2025 VS 2032 (USD MILLION)
• FIGURE 25. GCC WATER HEATER MARKET SIZE, BY COUNTRY, 2024 VS 2025 VS 2032 (USD MILLION)
• FIGURE 26. EUROPEAN UNION WATER HEATER MARKET SIZE, BY COUNTRY, 2024 VS 2025 VS 2032 (USD MILLION)
• FIGURE 27. BRICS WATER HEATER MARKET SIZE, BY COUNTRY, 2024 VS 2025 VS 2032 (USD MILLION)
• FIGURE 28. G7 WATER HEATER MARKET SIZE, BY COUNTRY, 2024 VS 2025 VS 2032 (USD MILLION)
• FIGURE 29. NATO WATER HEATER MARKET SIZE, BY COUNTRY, 2024 VS 2025 VS 2032 (USD MILLION)
• FIGURE 30. GLOBAL WATER HEATER MARKET SIZE, BY COUNTRY, 2024 VS 2025 VS 2032 (USD MILLION)
• FIGURE 31. WATER HEATER MARKET SHARE, BY KEY PLAYER, 2024
• FIGURE 32. WATER HEATER MARKET, FPNV POSITIONING MATRIX, 2024

LIST OF TABLES

• TABLE 1. WATER HEATER MARKET SEGMENTATION & COVERAGE
• TABLE 2. UNITED STATES DOLLAR EXCHANGE RATE, 2018-2024
• TABLE 3. GLOBAL WATER HEATER MARKET SIZE, 2018-2024 (USD MILLION)
• TABLE 4. GLOBAL WATER HEATER MARKET SIZE, 2025-2032 (USD MILLION)
• TABLE 5. GLOBAL WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2018-2024 (USD MILLION)
• TABLE 6. GLOBAL WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2025-2032 (USD MILLION)
• TABLE 7. GLOBAL WATER HEATER MARKET SIZE, BY ELECTRIC, BY REGION, 2018-2024 (USD MILLION)
• TABLE 8. GLOBAL WATER HEATER MARKET SIZE, BY ELECTRIC, BY REGION, 2025-2032 (USD MILLION)
• TABLE 9. GLOBAL WATER HEATER MARKET SIZE, BY ELECTRIC, BY GROUP, 2018-2024 (USD MILLION)
• TABLE 10. GLOBAL WATER HEATER MARKET SIZE, BY ELECTRIC, BY GROUP, 2025-2032 (USD MILLION)
• TABLE 11. GLOBAL WATER HEATER MARKET SIZE, BY ELECTRIC, BY COUNTRY, 2018-2024 (USD MILLION)
• TABLE 12. GLOBAL WATER HEATER MARKET SIZE, BY ELECTRIC, BY COUNTRY, 2025-2032 (USD MILLION)
• TABLE 13. GLOBAL WATER HEATER MARKET SIZE, BY GAS, BY REGION, 2018-2024 (USD MILLION)
• TABLE 14. GLOBAL WATER HEATER MARKET SIZE, BY GAS, BY REGION, 2025-2032 (USD MILLION)
• TABLE 15. GLOBAL WATER HEATER MARKET SIZE, BY GAS, BY GROUP, 2018-2024 (USD MILLION)
• TABLE 16. GLOBAL WATER HEATER MARKET SIZE, BY GAS, BY GROUP, 2025-2032 (USD MILLION)
• TABLE 17. GLOBAL WATER HEATER MARKET SIZE, BY GAS, BY COUNTRY, 2018-2024 (USD MILLION)
• TABLE 18. GLOBAL WATER HEATER MARKET SIZE, BY GAS, BY COUNTRY, 2025-2032 (USD MILLION)
• TABLE 19. GLOBAL WATER HEATER MARKET SIZE, BY HEAT PUMP, BY REGION, 2018-2024 (USD MILLION)
• TABLE 20. GLOBAL WATER HEATER MARKET SIZE, BY HEAT PUMP, BY REGION, 2025-2032 (USD MILLION)
• TABLE 21. GLOBAL WATER HEATER MARKET SIZE, BY HEAT PUMP, BY GROUP, 2018-2024 (USD MILLION)
• TABLE 22. GLOBAL WATER HEATER MARKET SIZE, BY HEAT PUMP, BY GROUP, 2025-2032 (USD MILLION)
• TABLE 23. GLOBAL WATER HEATER MARKET SIZE, BY HEAT PUMP, BY COUNTRY, 2018-2024 (USD MILLION)
• TABLE 24. GLOBAL WATER HEATER MARKET SIZE, BY HEAT PUMP, BY COUNTRY, 2025-2032 (USD MILLION)
• TABLE 25. GLOBAL WATER HEATER MARKET SIZE, BY SOLAR BASED, BY REGION, 2018-2024 (USD MILLION)
• TABLE 26. GLOBAL WATER HEATER MARKET SIZE, BY SOLAR BASED, BY REGION, 2025-2032 (USD MILLION)
• TABLE 27. GLOBAL WATER HEATER MARKET SIZE, BY SOLAR BASED, BY GROUP, 2018-2024 (USD MILLION)
• TABLE 28. GLOBAL WATER HEATER MARKET SIZE, BY SOLAR BASED, BY GROUP, 2025-2032 (USD MILLION)
• TABLE 29. GLOBAL WATER HEATER MARKET SIZE, BY SOLAR BASED, BY COUNTRY, 2018-2024 (USD MILLION)
• TABLE 30. GLOBAL WATER HEATER MARKET SIZE, BY SOLAR BASED, BY COUNTRY, 2025-2032 (USD MILLION)
• TABLE 31. GLOBAL WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2024 (USD MILLION)
• TABLE 32. GLOBAL WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2025-2032 (USD MILLION)
• TABLE 33. GLOBAL WATER HEATER MARKET SIZE, BY STORAGE TANK, BY REGION, 2018-2024 (USD MILLION)
• TABLE 34. GLOBAL WATER HEATER MARKET SIZE, BY STORAGE TANK, BY REGION, 2025-2032 (USD MILLION)
• TABLE 35. GLOBAL WATER HEATER MARKET SIZE, BY STORAGE TANK, BY GROUP, 2018-2024 (USD MILLION)
• TABLE 36. GLOBAL WATER HEATER MARKET SIZE, BY STORAGE TANK, BY GROUP, 2025-2032 (USD MILLION)
• TABLE 37. GLOBAL WATER HEATER MARKET SIZE, BY STORAGE TANK, BY COUNTRY, 2018-2024 (USD MILLION)
• TABLE 38. GLOBAL WATER HEATER MARKET SIZE, BY STORAGE TANK, BY COUNTRY, 2025-2032 (USD MILLION)
• TABLE 39. GLOBAL WATER HEATER MARKET SIZE, BY TANKLESS, BY REGION, 2018-2024 (USD MILLION)
• TABLE 40. GLOBAL WATER HEATER MARKET SIZE, BY TANKLESS, BY REGION, 2025-2032 (USD MILLION)
• TABLE 41. GLOBAL WATER HEATER MARKET SIZE, BY TANKLESS, BY GROUP, 2018-2024 (USD MILLION)
• TABLE 42. GLOBAL WATER HEATER MARKET SIZE, BY TANKLESS, BY GROUP, 2025-2032 (USD MILLION)
• TABLE 43. GLOBAL WATER HEATER MARKET SIZE, BY TANKLESS, BY COUNTRY, 2018-2024 (USD MILLION)
• TABLE 44. GLOBAL WATER HEATER MARKET SIZE, BY TANKLESS, BY COUNTRY, 2025-2032 (USD MILLION)
• TABLE 45. GLOBAL WATER HEATER MARKET SIZE, BY CAPACITY, 2018-2024 (USD MILLION)
• TABLE 46. GLOBAL WATER HEATER MARKET SIZE, BY CAPACITY, 2025-2032 (USD MILLION)
• TABLE 47. GLOBAL WATER HEATER MARKET SIZE, BY 50 TO 100 GALLONS, BY REGION, 2018-2024 (USD MILLION)
• TABLE 48. GLOBAL WATER HEATER MARKET SIZE, BY 50 TO 100 GALLONS, BY REGION, 2025-2032 (USD MILLION)
• TABLE 49. GLOBAL WATER HEATER MARKET SIZE, BY 50 TO 100 GALLONS, BY GROUP, 2018-2024 (USD MILLION)
• TABLE 50. GLOBAL WATER HEATER MARKET SIZE, BY 50 TO 100 GALLONS, BY GROUP, 2025-2032 (USD MILLION)
• TABLE 51. GLOBAL WATER HEATER MARKET SIZE, BY 50 TO 100 GALLONS, BY COUNTRY, 2018-2024 (USD MILLION)
• TABLE 52. GLOBAL WATER HEATER MARKET SIZE, BY 50 TO 100 GALLONS, BY COUNTRY, 2025-2032 (USD MILLION)
• TABLE 53. GLOBAL WATER HEATER MARKET SIZE, BY ABOVE 100 GALLONS, BY REGION, 2018-2024 (USD MILLION)
• TABLE 54. GLOBAL WATER HEATER MARKET SIZE, BY ABOVE 100 GALLONS, BY REGION, 2025-2032 (USD MILLION)
• TABLE 55. GLOBAL WATER HEATER MARKET SIZE, BY ABOVE 100 GALLONS, BY GROUP, 2018-2024 (USD MILLION)
• TABLE 56. GLOBAL WATER HEATER MARKET SIZE, BY ABOVE 100 GALLONS, BY GROUP, 2025-2032 (USD MILLION)
• TABLE 57. GLOBAL WATER HEATER MARKET SIZE, BY ABOVE 100 GALLONS, BY COUNTRY, 2018-2024 (USD MILLION)
• TABLE 58. GLOBAL WATER HEATER MARKET SIZE, BY ABOVE 100 GALLONS, BY COUNTRY, 2025-2032 (USD MILLION)
• TABLE 59. GLOBAL WATER HEATER MARKET SIZE, BY UP TO 50 GALLONS, BY REGION, 2018-2024 (USD MILLION)
• TABLE 60. GLOBAL WATER HEATER MARKET SIZE, BY UP TO 50 GALLONS, BY REGION, 2025-2032 (USD MILLION)
• TABLE 61. GLOBAL WATER HEATER MARKET SIZE, BY UP TO 50 GALLONS, BY GROUP, 2018-2024 (USD MILLION)
• TABLE 62. GLOBAL WATER HEATER MARKET SIZE, BY UP TO 50 GALLONS, BY GROUP, 2025-2032 (USD MILLION)
• TABLE 63. GLOBAL WATER HEATER MARKET SIZE, BY UP TO 50 GALLONS, BY COUNTRY, 2018-2024 (USD MILLION)
• TABLE 64. GLOBAL WATER HEATER MARKET SIZE, BY UP TO 50 GALLONS, BY COUNTRY, 2025-2032 (USD MILLION)
• TABLE 65. GLOBAL WATER HEATER MARKET SIZE, BY END USE, 2018-2024 (USD MILLION)
• TABLE 66. GLOBAL WATER HEATER MARKET SIZE, BY END USE, 2025-2032 (USD MILLION)
• TABLE 67. GLOBAL WATER HEATER MARKET SIZE, BY COMMERCIAL, 2018-2024 (USD MILLION)
• TABLE 68. GLOBAL WATER HEATER MARKET SIZE, BY COMMERCIAL, 2025-2032 (USD MILLION)
• TABLE 69. GLOBAL WATER HEATER MARKET SIZE, BY COMMERCIAL, BY REGION, 2018-2024 (USD MILLION)
• TABLE 70. GLOBAL WATER HEATER MARKET SIZE, BY COMMERCIAL, BY REGION, 2025-2032 (USD MILLION)
• TABLE 71. GLOBAL WATER HEATER MARKET SIZE, BY COMMERCIAL, BY GROUP, 2018-2024 (USD MILLION)
• TABLE 72. GLOBAL WATER HEATER MARKET SIZE, BY COMMERCIAL, BY GROUP, 2025-2032 (USD MILLION)
• TABLE 73. GLOBAL WATER HEATER MARKET SIZE, BY COMMERCIAL, BY COUNTRY, 2018-2024 (USD MILLION)
• TABLE 74. GLOBAL WATER HEATER MARKET SIZE, BY COMMERCIAL, BY COUNTRY, 2025-2032 (USD MILLION)
• TABLE 75. GLOBAL WATER HEATER MARKET SIZE, BY HEALTHCARE, BY REGION, 2018-2024 (USD MILLION)
• TABLE 76. GLOBAL WATER HEATER MARKET SIZE, BY HEALTHCARE, BY REGION, 2025-2032 (USD MILLION)
• TABLE 77. GLOBAL WATER HEATER MARKET SIZE, BY HEALTHCARE, BY GROUP, 2018-2024 (USD MILLION)
• TABLE 78. GLOBAL WATER HEATER MARKET SIZE, BY HEALTHCARE, BY GROUP, 2025-2032 (USD MILLION)
• TABLE 79. GLOBAL WATER HEATER MARKET SIZE, BY HEALTHCARE, BY COUNTRY, 2018-2024 (USD MILLION)
• TABLE 80. GLOBAL WATER HEATER MARKET SIZE, BY HEALTHCARE, BY COUNTRY, 2025-2032 (USD MILLION)
• TABLE 81. GLOBAL WATER HEATER MARKET SIZE, BY HOSPITALITY, BY REGION, 2018-2024 (USD MILLION)
• TABLE 82. GLOBAL WATER HEATER MARKET SIZE, BY HOSPITALITY, BY REGION, 2025-2032 (USD MILLION)
• TABLE 83. GLOBAL WATER HEATER MARKET SIZE, BY HOSPITALITY, BY GROUP, 2018-2024 (USD MILLION)
• TABLE 84. GLOBAL WATER HEATER MARKET SIZE, BY HOSPITALITY, BY GROUP, 2025-2032 (USD MILLION)
• TABLE 85. GLOBAL WATER HEATER MARKET SIZE, BY HOSPITALITY, BY COUNTRY, 2018-2024 (USD MILLION)
• TABLE 86. GLOBAL WATER HEATER MARKET SIZE, BY HOSPITALITY, BY COUNTRY, 2025-2032 (USD MILLION)
• TABLE 87. GLOBAL WATER HEATER MARKET SIZE, BY INSTITUTIONAL, BY REGION, 2018-2024 (USD MILLION)
• TABLE 88. GLOBAL WATER HEATER MARKET SIZE, BY INSTITUTIONAL, BY REGION, 2025-2032 (USD MILLION)
• TABLE 89. GLOBAL WATER HEATER MARKET SIZE, BY INSTITUTIONAL, BY GROUP, 2018-2024 (USD MILLION)
• TABLE 90. GLOBAL WATER HEATER MARKET SIZE, BY INSTITUTIONAL, BY GROUP, 2025-2032 (USD MILLION)
• TABLE 91. GLOBAL WATER HEATER MARKET SIZE, BY INSTITUTIONAL, BY COUNTRY, 2018-2024 (USD MILLION)
• TABLE 92. GLOBAL WATER HEATER MARKET SIZE, BY INSTITUTIONAL, BY COUNTRY, 2025-2032 (USD MILLION)
• TABLE 93. GLOBAL WATER HEATER MARKET SIZE, BY INDUSTRIAL, BY REGION, 2018-2024 (USD MILLION)
• TABLE 94. GLOBAL WATER HEATER MARKET SIZE, BY INDUSTRIAL, BY REGION, 2025-2032 (USD MILLION)
• TABLE 95. GLOBAL WATER HEATER MARKET SIZE, BY INDUSTRIAL, BY GROUP, 2018-2024 (USD MILLION)
• TABLE 96. GLOBAL WATER HEATER MARKET SIZE, BY INDUSTRIAL, BY GROUP, 2025-2032 (USD MILLION)
• TABLE 97. GLOBAL WATER HEATER MARKET SIZE, BY INDUSTRIAL, BY COUNTRY, 2018-2024 (USD MILLION)
• TABLE 98. GLOBAL WATER HEATER MARKET SIZE, BY INDUSTRIAL, BY COUNTRY, 2025-2032 (USD MILLION)
• TABLE 99. GLOBAL WATER HEATER MARKET SIZE, BY RESIDENTIAL, BY REGION, 2018-2024 (USD MILLION)
• TABLE 100. GLOBAL WATER HEATER MARKET SIZE, BY RESIDENTIAL, BY REGION, 2025-2032 (USD MILLION)
• TABLE 101. GLOBAL WATER HEATER MARKET SIZE, BY RESIDENTIAL, BY GROUP, 2018-2024 (USD MILLION)
• TABLE 102. GLOBAL WATER HEATER MARKET SIZE, BY RESIDENTIAL, BY GROUP, 2025-2032 (USD MILLION)
• TABLE 103. GLOBAL WATER HEATER MARKET SIZE, BY RESIDENTIAL, BY COUNTRY, 2018-2024 (USD MILLION)
• TABLE 104. GLOBAL WATER HEATER MARKET SIZE, BY RESIDENTIAL, BY COUNTRY, 2025-2032 (USD MILLION)
• TABLE 105. GLOBAL WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018-2024 (USD MILLION)
• TABLE 106. GLOBAL WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2025-2032 (USD MILLION)
• TABLE 107. GLOBAL WATER HEATER MARKET SIZE, BY OFFLINE, BY REGION, 2018-2024 (USD MILLION)
• TABLE 108. GLOBAL WATER HEATER MARKET SIZE, BY OFFLINE, BY REGION, 2025-2032 (USD MILLION)
• TABLE 109. GLOBAL WATER HEATER MARKET SIZE, BY OFFLINE, BY GROUP, 2018-2024 (USD MILLION)
• TABLE 110. GLOBAL WATER HEATER MARKET SIZE, BY OFFLINE, BY GROUP, 2025-2032 (USD MILLION)
• TABLE 111. GLOBAL WATER HEATER MARKET SIZE, BY OFFLINE, BY COUNTRY, 2018-2024 (USD MILLION)
• TABLE 112. GLOBAL WATER HEATER MARKET SIZE, BY OFFLINE, BY COUNTRY, 2025-2032 (USD MILLION)
• TABLE 113. GLOBAL WATER HEATER MARKET SIZE, BY ONLINE, 2018-2024 (USD MILLION)
• TABLE 114. GLOBAL WATER HEATER MARKET SIZE, BY ONLINE, 2025-2032 (USD MILLION)
• TABLE 115. GLOBAL WATER HEATER MARKET SIZE, BY ONLINE, BY REGION, 2018-2024 (USD MILLION)
• TABLE 116. GLOBAL WATER HEATER MARKET SIZE, BY ONLINE, BY REGION, 2025-2032 (USD MILLION)
• TABLE 117. GLOBAL WATER HEATER MARKET SIZE, BY ONLINE, BY GROUP, 2018-2024 (USD MILLION)
• TABLE 118. GLOBAL WATER HEATER MARKET SIZE, BY ONLINE, BY GROUP, 2025-2032 (USD MILLION)
• TABLE 119. GLOBAL WATER HEATER MARKET SIZE, BY ONLINE, BY COUNTRY, 2018-2024 (USD MILLION)
• TABLE 120. GLOBAL WATER HEATER MARKET SIZE, BY ONLINE, BY COUNTRY, 2025-2032 (USD MILLION)
• TABLE 121. GLOBAL WATER HEATER MARKET SIZE, BY MANUFACTURER WEBSITE, BY REGION, 2018-2024 (USD MILLION)
• TABLE 122. GLOBAL WATER HEATER MARKET SIZE, BY MANUFACTURER WEBSITE, BY REGION, 2025-2032 (USD MILLION)
• TABLE 123. GLOBAL WATER HEATER MARKET SIZE, BY MANUFACTURER WEBSITE, BY GROUP, 2018-2024 (USD MILLION)
• TABLE 124. GLOBAL WATER HEATER MARKET SIZE, BY MANUFACTURER WEBSITE, BY GROUP, 2025-2032 (USD MILLION)
• TABLE 125. GLOBAL WATER HEATER MARKET SIZE, BY MANUFACTURER WEBSITE, BY COUNTRY, 2018-2024 (USD MILLION)
• TABLE 126. GLOBAL WATER HEATER MARKET SIZE, BY MANUFACTURER WEBSITE, BY COUNTRY, 2025-2032 (USD MILLION)
• TABLE 127. GLOBAL WATER HEATER MARKET SIZE, BY THIRD PARTY E-COMMERCE, BY REGION, 2018-2024 (USD MILLION)
• TABLE 128. GLOBAL WATER HEATER MARKET SIZE, BY THIRD PARTY E-COMMERCE, BY REGION, 2025-2032 (USD MILLION)
• TABLE 129. GLOBAL WATER HEATER MARKET SIZE, BY THIRD PARTY E-COMMERCE, BY GROUP, 2018-2024 (USD MILLION)
• TABLE 130. GLOBAL WATER HEATER MARKET SIZE, BY THIRD PARTY E-COMMERCE, BY GROUP, 2025-2032 (USD MILLION)
• TABLE 131. GLOBAL WATER HEATER MARKET SIZE, BY THIRD PARTY E-COMMERCE, BY COUNTRY, 2018-2024 (USD MILLION)
• TABLE 132. GLOBAL WATER HEATER MARKET SIZE, BY THIRD PARTY E-COMMERCE, BY COUNTRY, 2025-2032 (USD MILLION)
• TABLE 133. GLOBAL WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2024 (USD MILLION)
• TABLE 134. GLOBAL WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2025-2032 (USD MILLION)
• TABLE 135. GLOBAL WATER HEATER MARKET SIZE, BY NEW INSTALLATION, BY REGION, 2018-2024 (USD MILLION)
• TABLE 136. GLOBAL WATER HEATER MARKET SIZE, BY NEW INSTALLATION, BY REGION, 2025-2032 (USD MILLION)
• TABLE 137. GLOBAL WATER HEATER MARKET SIZE, BY NEW INSTALLATION, BY GROUP, 2018-2024 (USD MILLION)
• TABLE 138. GLOBAL WATER HEATER MARKET SIZE, BY NEW INSTALLATION, BY GROUP, 2025-2032 (USD MILLION)
• TABLE 139. GLOBAL WATER HEATER MARKET SIZE, BY NEW INSTALLATION, BY COUNTRY, 2018-2024 (USD MILLION)
• TABLE 140. GLOBAL WATER HEATER MARKET SIZE, BY NEW INSTALLATION, BY COUNTRY, 2025-2032 (USD MILLION)
• TABLE 141. GLOBAL WATER HEATER MARKET SIZE, BY REPLACEMENT, BY REGION, 2018-2024 (USD MILLION)
• TABLE 142. GLOBAL WATER HEATER MARKET SIZE, BY REPLACEMENT, BY REGION, 2025-2032 (USD MILLION)
• TABLE 143. GLOBAL WATER HEATER MARKET SIZE, BY REPLACEMENT, BY GROUP, 2018-2024 (USD MILLION)
• TABLE 144. GLOBAL WATER HEATER MARKET SIZE, BY REPLACEMENT, BY GROUP, 2025-2032 (USD MILLION)
• TABLE 145. GLOBAL WATER HEATER MARKET SIZE, BY REPLACEMENT, BY COUNTRY, 2018-2024 (USD MILLION)
• TABLE 146. GLOBAL WATER HEATER MARKET SIZE, BY REPLACEMENT, BY COUNTRY, 2025-2032 (USD MILLION)
• TABLE 147. GLOBAL WATER HEATER MARKET SIZE, BY REGION, 2018-2024 (USD MILLION)
• TABLE 148. GLOBAL WATER HEATER MARKET SIZE, BY REGION, 2025-2032 (USD MILLION)
• TABLE 149. AMERICAS WATER HEATER MARKET SIZE, BY SUBREGION, 2018-2024 (USD MILLION)
• TABLE 150. AMERICAS WATER HEATER MARKET SIZE, BY SUBREGION, 2025-2032 (USD MILLION)
• TABLE 151. AMERICAS WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2018-2024 (USD MILLION)
• TABLE 152. AMERICAS WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2025-2032 (USD MILLION)
• TABLE 153. AMERICAS WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2024 (USD MILLION)
• TABLE 154. AMERICAS WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2025-2032 (USD MILLION)
• TABLE 155. AMERICAS WATER HEATER MARKET SIZE, BY CAPACITY, 2018-2024 (USD MILLION)
• TABLE 156. AMERICAS WATER HEATER MARKET SIZE, BY CAPACITY, 2025-2032 (USD MILLION)
• TABLE 157. AMERICAS WATER HEATER MARKET SIZE, BY END USE, 2018-2024 (USD MILLION)
• TABLE 158. AMERICAS WATER HEATER MARKET SIZE, BY END USE, 2025-2032 (USD MILLION)
• TABLE 159. AMERICAS WATER HEATER MARKET SIZE, BY COMMERCIAL, 2018-2024 (USD MILLION)
• TABLE 160. AMERICAS WATER HEATER MARKET SIZE, BY COMMERCIAL, 2025-2032 (USD MILLION)
• TABLE 161. AMERICAS WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018-2024 (USD MILLION)
• TABLE 162. AMERICAS WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2025-2032 (USD MILLION)
• TABLE 163. AMERICAS WATER HEATER MARKET SIZE, BY ONLINE, 2018-2024 (USD MILLION)
• TABLE 164. AMERICAS WATER HEATER MARKET SIZE, BY ONLINE, 2025-2032 (USD MILLION)
• TABLE 165. AMERICAS WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2024 (USD MILLION)
• TABLE 166. AMERICAS WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2025-2032 (USD MILLION)
• TABLE 167. NORTH AMERICA WATER HEATER MARKET SIZE, BY COUNTRY, 2018-2024 (USD MILLION)
• TABLE 168. NORTH AMERICA WATER HEATER MARKET SIZE, BY COUNTRY, 2025-2032 (USD MILLION)
• TABLE 169. NORTH AMERICA WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2018-2024 (USD MILLION)
• TABLE 170. NORTH AMERICA WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2025-2032 (USD MILLION)
• TABLE 171. NORTH AMERICA WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2024 (USD MILLION)
• TABLE 172. NORTH AMERICA WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2025-2032 (USD MILLION)
• TABLE 173. NORTH AMERICA WATER HEATER MARKET SIZE, BY CAPACITY, 2018-2024 (USD MILLION)
• TABLE 174. NORTH AMERICA WATER HEATER MARKET SIZE, BY CAPACITY, 2025-2032 (USD MILLION)
• TABLE 175. NORTH AMERICA WATER HEATER MARKET SIZE, BY END USE, 2018-2024 (USD MILLION)
• TABLE 176. NORTH AMERICA WATER HEATER MARKET SIZE, BY END USE, 2025-2032 (USD MILLION)
• TABLE 177. NORTH AMERICA WATER HEATER MARKET SIZE, BY COMMERCIAL, 2018-2024 (USD MILLION)
• TABLE 178. NORTH AMERICA WATER HEATER MARKET SIZE, BY COMMERCIAL, 2025-2032 (USD MILLION)
• TABLE 179. NORTH AMERICA WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018-2024 (USD MILLION)
• TABLE 180. NORTH AMERICA WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2025-2032 (USD MILLION)
• TABLE 181. NORTH AMERICA WATER HEATER MARKET SIZE, BY ONLINE, 2018-2024 (USD MILLION)
• TABLE 182. NORTH AMERICA WATER HEATER MARKET SIZE, BY ONLINE, 2025-2032 (USD MILLION)
• TABLE 183. NORTH AMERICA WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2024 (USD MILLION)
• TABLE 184. NORTH AMERICA WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2025-2032 (USD MILLION)
• TABLE 185. LATIN AMERICA WATER HEATER MARKET SIZE, BY COUNTRY, 2018-2024 (USD MILLION)
• TABLE 186. LATIN AMERICA WATER HEATER MARKET SIZE, BY COUNTRY, 2025-2032 (USD MILLION)
• TABLE 187. LATIN AMERICA WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2018-2024 (USD MILLION)
• TABLE 188. LATIN AMERICA WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2025-2032 (USD MILLION)
• TABLE 189. LATIN AMERICA WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2024 (USD MILLION)
• TABLE 190. LATIN AMERICA WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2025-2032 (USD MILLION)
• TABLE 191. LATIN AMERICA WATER HEATER MARKET SIZE, BY CAPACITY, 2018-2024 (USD MILLION)
• TABLE 192. LATIN AMERICA WATER HEATER MARKET SIZE, BY CAPACITY, 2025-2032 (USD MILLION)
• TABLE 193. LATIN AMERICA WATER HEATER MARKET SIZE, BY END USE, 2018-2024 (USD MILLION)
• TABLE 194. LATIN AMERICA WATER HEATER MARKET SIZE, BY END USE, 2025-2032 (USD MILLION)
• TABLE 195. LATIN AMERICA WATER HEATER MARKET SIZE, BY COMMERCIAL, 2018-2024 (USD MILLION)
• TABLE 196. LATIN AMERICA WATER HEATER MARKET SIZE, BY COMMERCIAL, 2025-2032 (USD MILLION)
• TABLE 197. LATIN AMERICA WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018-2024 (USD MILLION)
• TABLE 198. LATIN AMERICA WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2025-2032 (USD MILLION)
• TABLE 199. LATIN AMERICA WATER HEATER MARKET SIZE, BY ONLINE, 2018-2024 (USD MILLION)
• TABLE 200. LATIN AMERICA WATER HEATER MARKET SIZE, BY ONLINE, 2025-2032 (USD MILLION)
• TABLE 201. LATIN AMERICA WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2024 (USD MILLION)
• TABLE 202. LATIN AMERICA WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2025-2032 (USD MILLION)
• TABLE 203. EUROPE, MIDDLE EAST & AFRICA WATER HEATER MARKET SIZE, BY SUBREGION, 2018-2024 (USD MILLION)
• TABLE 204. EUROPE, MIDDLE EAST & AFRICA WATER HEATER MARKET SIZE, BY SUBREGION, 2025-2032 (USD MILLION)
• TABLE 205. EUROPE, MIDDLE EAST & AFRICA WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2018-2024 (USD MILLION)
• TABLE 206. EUROPE, MIDDLE EAST & AFRICA WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2025-2032 (USD MILLION)
• TABLE 207. EUROPE, MIDDLE EAST & AFRICA WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2024 (USD MILLION)
• TABLE 208. EUROPE, MIDDLE EAST & AFRICA WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2025-2032 (USD MILLION)
• TABLE 209. EUROPE, MIDDLE EAST & AFRICA WATER HEATER MARKET SIZE, BY CAPACITY, 2018-2024 (USD MILLION)
• TABLE 210. EUROPE, MIDDLE EAST & AFRICA WATER HEATER MARKET SIZE, BY CAPACITY, 2025-2032 (USD MILLION)
• TABLE 211. EUROPE, MIDDLE EAST & AFRICA WATER HEATER MARKET SIZE, BY END USE, 2018-2024 (USD MILLION)
• TABLE 212. EUROPE, MIDDLE EAST & AFRICA WATER HEATER MARKET SIZE, BY END USE, 2025-2032 (USD MILLION)
• TABLE 213. EUROPE, MIDDLE EAST & AFRICA WATER HEATER MARKET SIZE, BY COMMERCIAL, 2018-2024 (USD MILLION)
• TABLE 214. EUROPE, MIDDLE EAST & AFRICA WATER HEATER MARKET SIZE, BY COMMERCIAL, 2025-2032 (USD MILLION)
• TABLE 215. EUROPE, MIDDLE EAST & AFRICA WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018-2024 (USD MILLION)
• TABLE 216. EUROPE, MIDDLE EAST & AFRICA WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2025-2032 (USD MILLION)
• TABLE 217. EUROPE, MIDDLE EAST & AFRICA WATER HEATER MARKET SIZE, BY ONLINE, 2018-2024 (USD MILLION)
• TABLE 218. EUROPE, MIDDLE EAST & AFRICA WATER HEATER MARKET SIZE, BY ONLINE, 2025-2032 (USD MILLION)
• TABLE 219. EUROPE, MIDDLE EAST & AFRICA WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2024 (USD MILLION)
• TABLE 220. EUROPE, MIDDLE EAST & AFRICA WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2025-2032 (USD MILLION)
• TABLE 221. EUROPE WATER HEATER MARKET SIZE, BY COUNTRY, 2018-2024 (USD MILLION)
• TABLE 222. EUROPE WATER HEATER MARKET SIZE, BY COUNTRY, 2025-2032 (USD MILLION)
• TABLE 223. EUROPE WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2018-2024 (USD MILLION)
• TABLE 224. EUROPE WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2025-2032 (USD MILLION)
• TABLE 225. EUROPE WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2024 (USD MILLION)
• TABLE 226. EUROPE WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2025-2032 (USD MILLION)
• TABLE 227. EUROPE WATER HEATER MARKET SIZE, BY CAPACITY, 2018-2024 (USD MILLION)
• TABLE 228. EUROPE WATER HEATER MARKET SIZE, BY CAPACITY, 2025-2032 (USD MILLION)
• TABLE 229. EUROPE WATER HEATER MARKET SIZE, BY END USE, 2018-2024 (USD MILLION)
• TABLE 230. EUROPE WATER HEATER MARKET SIZE, BY END USE, 2025-2032 (USD MILLION)
• TABLE 231. EUROPE WATER HEATER MARKET SIZE, BY COMMERCIAL, 2018-2024 (USD MILLION)
• TABLE 232. EUROPE WATER HEATER MARKET SIZE, BY COMMERCIAL, 2025-2032 (USD MILLION)
• TABLE 233. EUROPE WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018-2024 (USD MILLION)
• TABLE 234. EUROPE WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2025-2032 (USD MILLION)
• TABLE 235. EUROPE WATER HEATER MARKET SIZE, BY ONLINE, 2018-2024 (USD MILLION)
• TABLE 236. EUROPE WATER HEATER MARKET SIZE, BY ONLINE, 2025-2032 (USD MILLION)
• TABLE 237. EUROPE WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2024 (USD MILLION)
• TABLE 238. EUROPE WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2025-2032 (USD MILLION)
• TABLE 239. MIDDLE EAST WATER HEATER MARKET SIZE, BY COUNTRY, 2018-2024 (USD MILLION)
• TABLE 240. MIDDLE EAST WATER HEATER MARKET SIZE, BY COUNTRY, 2025-2032 (USD MILLION)
• TABLE 241. MIDDLE EAST WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2018-2024 (USD MILLION)
• TABLE 242. MIDDLE EAST WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2025-2032 (USD MILLION)
• TABLE 243. MIDDLE EAST WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2024 (USD MILLION)
• TABLE 244. MIDDLE EAST WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2025-2032 (USD MILLION)
• TABLE 245. MIDDLE EAST WATER HEATER MARKET SIZE, BY CAPACITY, 2018-2024 (USD MILLION)
• TABLE 246. MIDDLE EAST WATER HEATER MARKET SIZE, BY CAPACITY, 2025-2032 (USD MILLION)
• TABLE 247. MIDDLE EAST WATER HEATER MARKET SIZE, BY END USE, 2018-2024 (USD MILLION)
• TABLE 248. MIDDLE EAST WATER HEATER MARKET SIZE, BY END USE, 2025-2032 (USD MILLION)
• TABLE 249. MIDDLE EAST WATER HEATER MARKET SIZE, BY COMMERCIAL, 2018-2024 (USD MILLION)
• TABLE 250. MIDDLE EAST WATER HEATER MARKET SIZE, BY COMMERCIAL, 2025-2032 (USD MILLION)
• TABLE 251. MIDDLE EAST WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018-2024 (USD MILLION)
• TABLE 252. MIDDLE EAST WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2025-2032 (USD MILLION)
• TABLE 253. MIDDLE EAST WATER HEATER MARKET SIZE, BY ONLINE, 2018-2024 (USD MILLION)
• TABLE 254. MIDDLE EAST WATER HEATER MARKET SIZE, BY ONLINE, 2025-2032 (USD MILLION)
• TABLE 255. MIDDLE EAST WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2024 (USD MILLION)
• TABLE 256. MIDDLE EAST WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2025-2032 (USD MILLION)
• TABLE 257. AFRICA WATER HEATER MARKET SIZE, BY COUNTRY, 2018-2024 (USD MILLION)
• TABLE 258. AFRICA WATER HEATER MARKET SIZE, BY COUNTRY, 2025-2032 (USD MILLION)
• TABLE 259. AFRICA WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2018-2024 (USD MILLION)
• TABLE 260. AFRICA WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2025-2032 (USD MILLION)
• TABLE 261. AFRICA WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2024 (USD MILLION)
• TABLE 262. AFRICA WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2025-2032 (USD MILLION)
• TABLE 263. AFRICA WATER HEATER MARKET SIZE, BY CAPACITY, 2018-2024 (USD MILLION)
• TABLE 264. AFRICA WATER HEATER MARKET SIZE, BY CAPACITY, 2025-2032 (USD MILLION)
• TABLE 265. AFRICA WATER HEATER MARKET SIZE, BY END USE, 2018-2024 (USD MILLION)
• TABLE 266. AFRICA WATER HEATER MARKET SIZE, BY END USE, 2025-2032 (USD MILLION)
• TABLE 267. AFRICA WATER HEATER MARKET SIZE, BY COMMERCIAL, 2018-2024 (USD MILLION)
• TABLE 268. AFRICA WATER HEATER MARKET SIZE, BY COMMERCIAL, 2025-2032 (USD MILLION)
• TABLE 269. AFRICA WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018-2024 (USD MILLION)
• TABLE 270. AFRICA WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2025-2032 (USD MILLION)
• TABLE 271. AFRICA WATER HEATER MARKET SIZE, BY ONLINE, 2018-2024 (USD MILLION)
• TABLE 272. AFRICA WATER HEATER MARKET SIZE, BY ONLINE, 2025-2032 (USD MILLION)
• TABLE 273. AFRICA WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2024 (USD MILLION)
• TABLE 274. AFRICA WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2025-2032 (USD MILLION)
• TABLE 275. ASIA-PACIFIC WATER HEATER MARKET SIZE, BY COUNTRY, 2018-2024 (USD MILLION)
• TABLE 276. ASIA-PACIFIC WATER HEATER MARKET SIZE, BY COUNTRY, 2025-2032 (USD MILLION)
• TABLE 277. ASIA-PACIFIC WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2018-2024 (USD MILLION)
• TABLE 278. ASIA-PACIFIC WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2025-2032 (USD MILLION)
• TABLE 279. ASIA-PACIFIC WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2024 (USD MILLION)
• TABLE 280. ASIA-PACIFIC WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2025-2032 (USD MILLION)
• TABLE 281. ASIA-PACIFIC WATER HEATER MARKET SIZE, BY CAPACITY, 2018-2024 (USD MILLION)
• TABLE 282. ASIA-PACIFIC WATER HEATER MARKET SIZE, BY CAPACITY, 2025-2032 (USD MILLION)
• TABLE 283. ASIA-PACIFIC WATER HEATER MARKET SIZE, BY END USE, 2018-2024 (USD MILLION)
• TABLE 284. ASIA-PACIFIC WATER HEATER MARKET SIZE, BY END USE, 2025-2032 (USD MILLION)
• TABLE 285. ASIA-PACIFIC WATER HEATER MARKET SIZE, BY COMMERCIAL, 2018-2024 (USD MILLION)
• TABLE 286. ASIA-PACIFIC WATER HEATER MARKET SIZE, BY COMMERCIAL, 2025-2032 (USD MILLION)
• TABLE 287. ASIA-PACIFIC WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018-2024 (USD MILLION)
• TABLE 288. ASIA-PACIFIC WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2025-2032 (USD MILLION)
• TABLE 289. ASIA-PACIFIC WATER HEATER MARKET SIZE, BY ONLINE, 2018-2024 (USD MILLION)
• TABLE 290. ASIA-PACIFIC WATER HEATER MARKET SIZE, BY ONLINE, 2025-2032 (USD MILLION)
• TABLE 291. ASIA-PACIFIC WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2024 (USD MILLION)
• TABLE 292. ASIA-PACIFIC WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2025-2032 (USD MILLION)
• TABLE 293. GLOBAL WATER HEATER MARKET SIZE, BY GROUP, 2018-2024 (USD MILLION)
• TABLE 294. GLOBAL WATER HEATER MARKET SIZE, BY GROUP, 2025-2032 (USD MILLION)
• TABLE 295. ASEAN WATER HEATER MARKET SIZE, BY COUNTRY, 2018-2024 (USD MILLION)
• TABLE 296. ASEAN WATER HEATER MARKET SIZE, BY COUNTRY, 2025-2032 (USD MILLION)
• TABLE 297. ASEAN WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2018-2024 (USD MILLION)
• TABLE 298. ASEAN WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2025-2032 (USD MILLION)
• TABLE 299. ASEAN WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2024 (USD MILLION)
• TABLE 300. ASEAN WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2025-2032 (USD MILLION)
• TABLE 301. ASEAN WATER HEATER MARKET SIZE, BY CAPACITY, 2018-2024 (USD MILLION)
• TABLE 302. ASEAN WATER HEATER MARKET SIZE, BY CAPACITY, 2025-2032 (USD MILLION)
• TABLE 303. ASEAN WATER HEATER MARKET SIZE, BY END USE, 2018-2024 (USD MILLION)
• TABLE 304. ASEAN WATER HEATER MARKET SIZE, BY END USE, 2025-2032 (USD MILLION)
• TABLE 305. ASEAN WATER HEATER MARKET SIZE, BY COMMERCIAL, 2018-2024 (USD MILLION)
• TABLE 306. ASEAN WATER HEATER MARKET SIZE, BY COMMERCIAL, 2025-2032 (USD MILLION)
• TABLE 307. ASEAN WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018-2024 (USD MILLION)
• TABLE 308. ASEAN WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2025-2032 (USD MILLION)
• TABLE 309. ASEAN WATER HEATER MARKET SIZE, BY ONLINE, 2018-2024 (USD MILLION)
• TABLE 310. ASEAN WATER HEATER MARKET SIZE, BY ONLINE, 2025-2032 (USD MILLION)
• TABLE 311. ASEAN WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2024 (USD MILLION)
• TABLE 312. ASEAN WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2025-2032 (USD MILLION)
• TABLE 313. GCC WATER HEATER MARKET SIZE, BY COUNTRY, 2018-2024 (USD MILLION)
• TABLE 314. GCC WATER HEATER MARKET SIZE, BY COUNTRY, 2025-2032 (USD MILLION)
• TABLE 315. GCC WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2018-2024 (USD MILLION)
• TABLE 316. GCC WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2025-2032 (USD MILLION)
• TABLE 317. GCC WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2024 (USD MILLION)
• TABLE 318. GCC WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2025-2032 (USD MILLION)
• TABLE 319. GCC WATER HEATER MARKET SIZE, BY CAPACITY, 2018-2024 (USD MILLION)
• TABLE 320. GCC WATER HEATER MARKET SIZE, BY CAPACITY, 2025-2032 (USD MILLION)
• TABLE 321. GCC WATER HEATER MARKET SIZE, BY END USE, 2018-2024 (USD MILLION)
• TABLE 322. GCC WATER HEATER MARKET SIZE, BY END USE, 2025-2032 (USD MILLION)
• TABLE 323. GCC WATER HEATER MARKET SIZE, BY COMMERCIAL, 2018-2024 (USD MILLION)
• TABLE 324. GCC WATER HEATER MARKET SIZE, BY COMMERCIAL, 2025-2032 (USD MILLION)
• TABLE 325. GCC WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018-2024 (USD MILLION)
• TABLE 326. GCC WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2025-2032 (USD MILLION)
• TABLE 327. GCC WATER HEATER MARKET SIZE, BY ONLINE, 2018-2024 (USD MILLION)
• TABLE 328. GCC WATER HEATER MARKET SIZE, BY ONLINE, 2025-2032 (USD MILLION)
• TABLE 329. GCC WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2024 (USD MILLION)
• TABLE 330. GCC WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2025-2032 (USD MILLION)
• TABLE 331. EUROPEAN UNION WATER HEATER MARKET SIZE, BY COUNTRY, 2018-2024 (USD MILLION)
• TABLE 332. EUROPEAN UNION WATER HEATER MARKET SIZE, BY COUNTRY, 2025-2032 (USD MILLION)
• TABLE 333. EUROPEAN UNION WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2018-2024 (USD MILLION)
• TABLE 334. EUROPEAN UNION WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2025-2032 (USD MILLION)
• TABLE 335. EUROPEAN UNION WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2024 (USD MILLION)
• TABLE 336. EUROPEAN UNION WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2025-2032 (USD MILLION)
• TABLE 337. EUROPEAN UNION WATER HEATER MARKET SIZE, BY CAPACITY, 2018-2024 (USD MILLION)
• TABLE 338. EUROPEAN UNION WATER HEATER MARKET SIZE, BY CAPACITY, 2025-2032 (USD MILLION)
• TABLE 339. EUROPEAN UNION WATER HEATER MARKET SIZE, BY END USE, 2018-2024 (USD MILLION)
• TABLE 340. EUROPEAN UNION WATER HEATER MARKET SIZE, BY END USE, 2025-2032 (USD MILLION)
• TABLE 341. EUROPEAN UNION WATER HEATER MARKET SIZE, BY COMMERCIAL, 2018-2024 (USD MILLION)
• TABLE 342. EUROPEAN UNION WATER HEATER MARKET SIZE, BY COMMERCIAL, 2025-2032 (USD MILLION)
• TABLE 343. EUROPEAN UNION WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018-2024 (USD MILLION)
• TABLE 344. EUROPEAN UNION WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2025-2032 (USD MILLION)
• TABLE 345. EUROPEAN UNION WATER HEATER MARKET SIZE, BY ONLINE, 2018-2024 (USD MILLION)
• TABLE 346. EUROPEAN UNION WATER HEATER MARKET SIZE, BY ONLINE, 2025-2032 (USD MILLION)
• TABLE 347. EUROPEAN UNION WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2024 (USD MILLION)
• TABLE 348. EUROPEAN UNION WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2025-2032 (USD MILLION)
• TABLE 349. BRICS WATER HEATER MARKET SIZE, BY COUNTRY, 2018-2024 (USD MILLION)
• TABLE 350. BRICS WATER HEATER MARKET SIZE, BY COUNTRY, 2025-2032 (USD MILLION)
• TABLE 351. BRICS WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2018-2024 (USD MILLION)
• TABLE 352. BRICS WATER HEATER MARKET SIZE, BY ENERGY SOURCE, 2025-2032 (USD MILLION)
• TABLE 353. BRICS WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2018-2024 (USD MILLION)
• TABLE 354. BRICS WATER HEATER MARKET SIZE, BY INSTALLATION TYPE, 2025-2032 (USD MILLION)
• TABLE 355. BRICS WATER HEATER MARKET SIZE, BY CAPACITY, 2018-2024 (USD MILLION)
• TABLE 356. BRICS WATER HEATER MARKET SIZE, BY CAPACITY, 2025-2032 (USD MILLION)
• TABLE 357. BRICS WATER HEATER MARKET SIZE, BY END USE, 2018-2024 (USD MILLION)
• TABLE 358. BRICS WATER HEATER MARKET SIZE, BY END USE, 2025-2032 (USD MILLION)
• TABLE 359. BRICS WATER HEATER MARKET SIZE, BY COMMERCIAL, 2018-2024 (USD MILLION)
• TABLE 360. BRICS WATER HEATER MARKET SIZE, BY COMMERCIAL, 2025-2032 (USD MILLION)
• TABLE 361. BRICS WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018-2024 (USD MILLION)
• TABLE 362. BRICS WATER HEATER MARKET SIZE, BY DISTRIBUTION CHANNEL, 2