The global storage water heater market is predicted to develop at a modest CAGR of 5.8% from 2024 to 2034. The total valuation of the global storage water heater industry is estimated to reach USD 34,917.2 million by 2034, up from USD 19,869.3 million in 2024.
Storage Water Heater Market Trends and Analysis
| Report Attribute | Details |
|---|---|
| Storage Water Heater Market Share (2024) | USD 19,869.3 million |
| Market Anticipated Forecast Value (2034) | USD 34,917.2 million |
| Market Projected Growth Rate (2024 to 2034) | 5.8% |
As per the global water heater market analysis report of 2019, the total revenue generated by the market was nearly USD 16,378.6 million. In the following five years, the niche market of storage water heaters advanced with an average 3.8% annual growth rate.
| Attributes | Details |
|---|---|
| Storage Water Heater Market Size (2019) | USD 16,378.6 million |
| Market Value (2023) | USD 19,013.7 million |
| Market (CAGR 2019 to 2023) | 3.8% |
In the last few years, consumer choices have been significantly altered after the growing emphasis on sustainability and energy efficiency globally. Manufacturers of traditional storage water heaters have profited from this trend by creating models that use less energy or can be adapted to different energy supplies.
Prominent Factors for the Growth of the Storage Water Heater Market
Electric storage water heater manufacturers have a greater chance to include smart operation capabilities as IOT technologies have been advancing fast in recent years. So, modern consumers in cities are requesting more smart water heaters that come with remote controls, customizable schedules, and connectivity with home automation systems.
Manufacturers of business water heaters are investing more in research and development to improve the reliability and performance of their products by utilizing recent developments in the material sciences. The lifetime of standard water storage tanks with heating systems can be boosted by increased insulation, practical heating components, and corrosion-resistant materials.
Design aesthetics and the customizability of commercial water heaters, together with utility, are becoming more important for present-day consumers. So, leading market competitors are aspiring to set themselves apart from other vendors by providing a variety of styles, coatings, and customizability options.
The table below lists the countries that could provide lucrative ground for the growth and advancement of storage water heater industries during the projected years. The United States and China, already having well-established markets, are expected to advance on the back of technological developments. Meanwhile, India and Australia are emerging markets in the storage water heater domain and anticipate strengthening their industrial base to increase production capacity.
| Countries | CAGR (2024 to 2034) |
|---|---|
| United States | 4.1% |
| Australia | 6.7% |
| China | 5.9% |
| India | 7.7% |
According to the market analysis report, the United States storage water heater market is forecast to expand at 4.1% CAGR through 2034.
Regional players are trying to gain a competitive advantage by targeting customers with higher spending capacity demanding cutting-edge home appliances and solutions. Storage water heater manufacturers in the United States can take advantage of this consumer base by emphasizing the effectiveness of quick heating technology or hybrid storage water heaters.
The demand for storage water heaters in Australia is projected to rise at a y-o-y growth rate of 6.7% through 2034.
People in Australia are starting to realize how much energy a family uses for water heating. It has slowed down conventional water heater market growth in the country, and regional players are shifting their focus to classic water storage heaters.
The production capacity of storage water heater industries in China is likely to grow at 5.9% CAGR between 2024 and 2034.
Compact home water storage units with effective heating systems are in greater demand in China due to urbanization trends, especially in highly populated cities with high-rise structures. So, Chinese manufacturers are putting much effort into improving their offerings by developing boiler storage water heaters and hot water storage tanks these days.
Over the next ten years, the sales of the storage water heater market in India are projected to evolve at a 7.7% growth rate.
Standard water heater manufacturers in India are trying to contribute to the energy conservation and affordable heating solutions movement growing in the country. Their key business strategy has come down to informing consumers about the advantages of appropriate insulation and energy-saving modes available in their storage water heater products.
Sales of storage water heaters in 100 to 150 liters capacity are estimated to contribute to nearly 30% of the total sales in 2024.
| Attributes | Details |
|---|---|
| Top Heater Capacity Segment | 100 to 150 liters |
| Market Share in 2024 | 29.9% |
Storage water heaters with 100 to 150 liters capacity can reliably supply hot water and are indispensable to city dwellers and big families in other areas. Nevertheless, demand for commercial water heater units of less capacity that are compact and fit within the space limitations of urban life is also growing at a faster rate.
As per the industry analysis, storage water heater appliances that run on electricity are estimated to hold almost two-thirds of the market share in 2024.
| Attributes | Details |
|---|---|
| Top Energy Source Segment | Electricity |
| Market Share in 2024 | 66.7% |
The electric storage water heater segment is expected to expand further in the coming days due to the convenience and reasonable price of the product. However, higher capacity and convenience of gas storage water heaters in areas without reliable electricity supply are expected to retain their desirability and market share in the future.
Like many other home appliance sectors, the competitive landscape for storage water heater products has also split into two distinct business strategies. Leading market players include features like antimicrobial materials, self-cleaning mechanisms, and water purity maintenance to position themselves as brands of safe and healthful water heating solutions. Meanwhile, emerging players are focusing more on providing reasonably priced, dependable storage water heaters that are customized to the unique requirements and budgets of regional customers.
Recent Developments in the Global Storage Water Heater Market
In October 2023, Voltas, a well-known brand in the home appliances sector and the top air conditioning manufacturer in India, announced its entry into the water heater market. The launch of Voltas Water Heaters line demonstrates the company's commitment to making products that meet changing customer expectations. This new product line comprises storage as well as instant water heaters, each with a capacity of 10 liters, 15 liters, or 25 liters to meet the requirements of the diverse Indian market.
In September 2022, Essency Company introduced a 30-year-lasting EXR water heater for its consumers in the United States. This is the first on-demand tank water heater in the world with a polymer storage tank that makes it appropriate for domestic use. Also, the multitasking capabilities, smart control features, and great energy efficiency. This ground-breaking product has boosted the demand for water heaters from the brand, solidifying the company's market position in the country.
| Attribute | Details |
|---|---|
| Estimated Market Size (2024) | USD 19,869.3 million |
| Projected Market Size (2034) | USD 34,917.2 million |
| Anticipated Growth Rate (2024 to 2034) | 5.8% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | USD million or billion for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; Middle East & Africa (MEA); East Asia; South Asia and Oceania |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
| Key Segments Covered | By Capacity, By Energy Source, By End Use Application and By Region |
| Key Companies Profiled | Havells India Ltd.; Hubbell Heaters; Saudi Ceramics Company; Linuo Ritter International Co., Ltd.; Jaquar India; Viessmann; Vaillant; Nihon Itomic Co., Ltd.; Atlantic; A.O. Smith; Ariston Holding N.V.; Bosch Thermotechnology Ltd.; Bradford White Corporation, USA; Haier Inc.; Rheem Manufacturing Company; Whirlpool Corporation; Rinnai America Corporation; State Industries; Ferroli S.p.A; Essency |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Volume (Units) Forecast by Region, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Energy Source, 2019 to 2034
Table 4: Global Market Volume (Units) Forecast by Energy Source, 2019 to 2034
Table 5: Global Market Value (US$ Million) Forecast by Tank Capacity, 2019 to 2034
Table 6: Global Market Volume (Units) Forecast by Tank Capacity, 2019 to 2034
Table 7: Global Market Value (US$ Million) Forecast by Tank Material, 2019 to 2034
Table 8: Global Market Volume (Units) Forecast by Tank Material, 2019 to 2034
Table 9: Global Market Value (US$ Million) Forecast By End-User, 2019 to 2034
Table 10: Global Market Volume (Units) Forecast By End-User, 2019 to 2034
Table 11: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 12: North America Market Volume (Units) Forecast by Country, 2019 to 2034
Table 13: North America Market Value (US$ Million) Forecast by Energy Source, 2019 to 2034
Table 14: North America Market Volume (Units) Forecast by Energy Source, 2019 to 2034
Table 15: North America Market Value (US$ Million) Forecast by Tank Capacity, 2019 to 2034
Table 16: North America Market Volume (Units) Forecast by Tank Capacity, 2019 to 2034
Table 17: North America Market Value (US$ Million) Forecast by Tank Material, 2019 to 2034
Table 18: North America Market Volume (Units) Forecast by Tank Material, 2019 to 2034
Table 19: North America Market Value (US$ Million) Forecast By End-User, 2019 to 2034
Table 20: North America Market Volume (Units) Forecast By End-User, 2019 to 2034
Table 21: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 22: Latin America Market Volume (Units) Forecast by Country, 2019 to 2034
Table 23: Latin America Market Value (US$ Million) Forecast by Energy Source, 2019 to 2034
Table 24: Latin America Market Volume (Units) Forecast by Energy Source, 2019 to 2034
Table 25: Latin America Market Value (US$ Million) Forecast by Tank Capacity, 2019 to 2034
Table 26: Latin America Market Volume (Units) Forecast by Tank Capacity, 2019 to 2034
Table 27: Latin America Market Value (US$ Million) Forecast by Tank Material, 2019 to 2034
Table 28: Latin America Market Volume (Units) Forecast by Tank Material, 2019 to 2034
Table 29: Latin America Market Value (US$ Million) Forecast By End-User, 2019 to 2034
Table 30: Latin America Market Volume (Units) Forecast By End-User, 2019 to 2034
Table 31: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 32: Western Europe Market Volume (Units) Forecast by Country, 2019 to 2034
Table 33: Western Europe Market Value (US$ Million) Forecast by Energy Source, 2019 to 2034
Table 34: Western Europe Market Volume (Units) Forecast by Energy Source, 2019 to 2034
Table 35: Western Europe Market Value (US$ Million) Forecast by Tank Capacity, 2019 to 2034
Table 36: Western Europe Market Volume (Units) Forecast by Tank Capacity, 2019 to 2034
Table 37: Western Europe Market Value (US$ Million) Forecast by Tank Material, 2019 to 2034
Table 38: Western Europe Market Volume (Units) Forecast by Tank Material, 2019 to 2034
Table 39: Western Europe Market Value (US$ Million) Forecast By End-User, 2019 to 2034
Table 40: Western Europe Market Volume (Units) Forecast By End-User, 2019 to 2034
Table 41: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 42: Eastern Europe Market Volume (Units) Forecast by Country, 2019 to 2034
Table 43: Eastern Europe Market Value (US$ Million) Forecast by Energy Source, 2019 to 2034
Table 44: Eastern Europe Market Volume (Units) Forecast by Energy Source, 2019 to 2034
Table 45: Eastern Europe Market Value (US$ Million) Forecast by Tank Capacity, 2019 to 2034
Table 46: Eastern Europe Market Volume (Units) Forecast by Tank Capacity, 2019 to 2034
Table 47: Eastern Europe Market Value (US$ Million) Forecast by Tank Material, 2019 to 2034
Table 48: Eastern Europe Market Volume (Units) Forecast by Tank Material, 2019 to 2034
Table 49: Eastern Europe Market Value (US$ Million) Forecast By End-User, 2019 to 2034
Table 50: Eastern Europe Market Volume (Units) Forecast By End-User, 2019 to 2034
Table 51: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 52: South Asia and Pacific Market Volume (Units) Forecast by Country, 2019 to 2034
Table 53: South Asia and Pacific Market Value (US$ Million) Forecast by Energy Source, 2019 to 2034
Table 54: South Asia and Pacific Market Volume (Units) Forecast by Energy Source, 2019 to 2034
Table 55: South Asia and Pacific Market Value (US$ Million) Forecast by Tank Capacity, 2019 to 2034
Table 56: South Asia and Pacific Market Volume (Units) Forecast by Tank Capacity, 2019 to 2034
Table 57: South Asia and Pacific Market Value (US$ Million) Forecast by Tank Material, 2019 to 2034
Table 58: South Asia and Pacific Market Volume (Units) Forecast by Tank Material, 2019 to 2034
Table 59: South Asia and Pacific Market Value (US$ Million) Forecast By End-User, 2019 to 2034
Table 60: South Asia and Pacific Market Volume (Units) Forecast By End-User, 2019 to 2034
Table 61: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 62: East Asia Market Volume (Units) Forecast by Country, 2019 to 2034
Table 63: East Asia Market Value (US$ Million) Forecast by Energy Source, 2019 to 2034
Table 64: East Asia Market Volume (Units) Forecast by Energy Source, 2019 to 2034
Table 65: East Asia Market Value (US$ Million) Forecast by Tank Capacity, 2019 to 2034
Table 66: East Asia Market Volume (Units) Forecast by Tank Capacity, 2019 to 2034
Table 67: East Asia Market Value (US$ Million) Forecast by Tank Material, 2019 to 2034
Table 68: East Asia Market Volume (Units) Forecast by Tank Material, 2019 to 2034
Table 69: East Asia Market Value (US$ Million) Forecast By End-User, 2019 to 2034
Table 70: East Asia Market Volume (Units) Forecast By End-User, 2019 to 2034
Table 71: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 72: Middle East and Africa Market Volume (Units) Forecast by Country, 2019 to 2034
Table 73: Middle East and Africa Market Value (US$ Million) Forecast by Energy Source, 2019 to 2034
Table 74: Middle East and Africa Market Volume (Units) Forecast by Energy Source, 2019 to 2034
Table 75: Middle East and Africa Market Value (US$ Million) Forecast by Tank Capacity, 2019 to 2034
Table 76: Middle East and Africa Market Volume (Units) Forecast by Tank Capacity, 2019 to 2034
Table 77: Middle East and Africa Market Value (US$ Million) Forecast by Tank Material, 2019 to 2034
Table 78: Middle East and Africa Market Volume (Units) Forecast by Tank Material, 2019 to 2034
Table 79: Middle East and Africa Market Value (US$ Million) Forecast By End-User, 2019 to 2034
Table 80: Middle East and Africa Market Volume (Units) Forecast By End-User, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by Energy Source, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by Tank Capacity, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by Tank Material, 2024 to 2034
Figure 4: Global Market Value (US$ Million) By End-User, 2024 to 2034
Figure 5: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 6: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 7: Global Market Volume (Units) Analysis by Region, 2019 to 2034
Figure 8: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 9: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 10: Global Market Value (US$ Million) Analysis by Energy Source, 2019 to 2034
Figure 11: Global Market Volume (Units) Analysis by Energy Source, 2019 to 2034
Figure 12: Global Market Value Share (%) and BPS Analysis by Energy Source, 2024 to 2034
Figure 13: Global Market Y-o-Y Growth (%) Projections by Energy Source, 2024 to 2034
Figure 14: Global Market Value (US$ Million) Analysis by Tank Capacity, 2019 to 2034
Figure 15: Global Market Volume (Units) Analysis by Tank Capacity, 2019 to 2034
Figure 16: Global Market Value Share (%) and BPS Analysis by Tank Capacity, 2024 to 2034
Figure 17: Global Market Y-o-Y Growth (%) Projections by Tank Capacity, 2024 to 2034
Figure 18: Global Market Value (US$ Million) Analysis by Tank Material, 2019 to 2034
Figure 19: Global Market Volume (Units) Analysis by Tank Material, 2019 to 2034
Figure 20: Global Market Value Share (%) and BPS Analysis by Tank Material, 2024 to 2034
Figure 21: Global Market Y-o-Y Growth (%) Projections by Tank Material, 2024 to 2034
Figure 22: Global Market Value (US$ Million) Analysis By End-User, 2019 to 2034
Figure 23: Global Market Volume (Units) Analysis By End-User, 2019 to 2034
Figure 24: Global Market Value Share (%) and BPS Analysis By End-User, 2024 to 2034
Figure 25: Global Market Y-o-Y Growth (%) Projections By End-User, 2024 to 2034
Figure 26: Global Market Attractiveness by Energy Source, 2024 to 2034
Figure 27: Global Market Attractiveness by Tank Capacity, 2024 to 2034
Figure 28: Global Market Attractiveness by Tank Material, 2024 to 2034
Figure 29: Global Market Attractiveness By End-User, 2024 to 2034
Figure 30: Global Market Attractiveness by Region, 2024 to 2034
Figure 31: North America Market Value (US$ Million) by Energy Source, 2024 to 2034
Figure 32: North America Market Value (US$ Million) by Tank Capacity, 2024 to 2034
Figure 33: North America Market Value (US$ Million) by Tank Material, 2024 to 2034
Figure 34: North America Market Value (US$ Million) By End-User, 2024 to 2034
Figure 35: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 36: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 37: North America Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 38: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 39: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 40: North America Market Value (US$ Million) Analysis by Energy Source, 2019 to 2034
Figure 41: North America Market Volume (Units) Analysis by Energy Source, 2019 to 2034
Figure 42: North America Market Value Share (%) and BPS Analysis by Energy Source, 2024 to 2034
Figure 43: North America Market Y-o-Y Growth (%) Projections by Energy Source, 2024 to 2034
Figure 44: North America Market Value (US$ Million) Analysis by Tank Capacity, 2019 to 2034
Figure 45: North America Market Volume (Units) Analysis by Tank Capacity, 2019 to 2034
Figure 46: North America Market Value Share (%) and BPS Analysis by Tank Capacity, 2024 to 2034
Figure 47: North America Market Y-o-Y Growth (%) Projections by Tank Capacity, 2024 to 2034
Figure 48: North America Market Value (US$ Million) Analysis by Tank Material, 2019 to 2034
Figure 49: North America Market Volume (Units) Analysis by Tank Material, 2019 to 2034
Figure 50: North America Market Value Share (%) and BPS Analysis by Tank Material, 2024 to 2034
Figure 51: North America Market Y-o-Y Growth (%) Projections by Tank Material, 2024 to 2034
Figure 52: North America Market Value (US$ Million) Analysis By End-User, 2019 to 2034
Figure 53: North America Market Volume (Units) Analysis By End-User, 2019 to 2034
Figure 54: North America Market Value Share (%) and BPS Analysis By End-User, 2024 to 2034
Figure 55: North America Market Y-o-Y Growth (%) Projections By End-User, 2024 to 2034
Figure 56: North America Market Attractiveness by Energy Source, 2024 to 2034
Figure 57: North America Market Attractiveness by Tank Capacity, 2024 to 2034
Figure 58: North America Market Attractiveness by Tank Material, 2024 to 2034
Figure 59: North America Market Attractiveness By End-User, 2024 to 2034
Figure 60: North America Market Attractiveness by Country, 2024 to 2034
Figure 61: Latin America Market Value (US$ Million) by Energy Source, 2024 to 2034
Figure 62: Latin America Market Value (US$ Million) by Tank Capacity, 2024 to 2034
Figure 63: Latin America Market Value (US$ Million) by Tank Material, 2024 to 2034
Figure 64: Latin America Market Value (US$ Million) By End-User, 2024 to 2034
Figure 65: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 66: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 67: Latin America Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 68: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 69: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 70: Latin America Market Value (US$ Million) Analysis by Energy Source, 2019 to 2034
Figure 71: Latin America Market Volume (Units) Analysis by Energy Source, 2019 to 2034
Figure 72: Latin America Market Value Share (%) and BPS Analysis by Energy Source, 2024 to 2034
Figure 73: Latin America Market Y-o-Y Growth (%) Projections by Energy Source, 2024 to 2034
Figure 74: Latin America Market Value (US$ Million) Analysis by Tank Capacity, 2019 to 2034
Figure 75: Latin America Market Volume (Units) Analysis by Tank Capacity, 2019 to 2034
Figure 76: Latin America Market Value Share (%) and BPS Analysis by Tank Capacity, 2024 to 2034
Figure 77: Latin America Market Y-o-Y Growth (%) Projections by Tank Capacity, 2024 to 2034
Figure 78: Latin America Market Value (US$ Million) Analysis by Tank Material, 2019 to 2034
Figure 79: Latin America Market Volume (Units) Analysis by Tank Material, 2019 to 2034
Figure 80: Latin America Market Value Share (%) and BPS Analysis by Tank Material, 2024 to 2034
Figure 81: Latin America Market Y-o-Y Growth (%) Projections by Tank Material, 2024 to 2034
Figure 82: Latin America Market Value (US$ Million) Analysis By End-User, 2019 to 2034
Figure 83: Latin America Market Volume (Units) Analysis By End-User, 2019 to 2034
Figure 84: Latin America Market Value Share (%) and BPS Analysis By End-User, 2024 to 2034
Figure 85: Latin America Market Y-o-Y Growth (%) Projections By End-User, 2024 to 2034
Figure 86: Latin America Market Attractiveness by Energy Source, 2024 to 2034
Figure 87: Latin America Market Attractiveness by Tank Capacity, 2024 to 2034
Figure 88: Latin America Market Attractiveness by Tank Material, 2024 to 2034
Figure 89: Latin America Market Attractiveness By End-User, 2024 to 2034
Figure 90: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 91: Western Europe Market Value (US$ Million) by Energy Source, 2024 to 2034
Figure 92: Western Europe Market Value (US$ Million) by Tank Capacity, 2024 to 2034
Figure 93: Western Europe Market Value (US$ Million) by Tank Material, 2024 to 2034
Figure 94: Western Europe Market Value (US$ Million) By End-User, 2024 to 2034
Figure 95: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 96: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 97: Western Europe Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 98: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 99: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 100: Western Europe Market Value (US$ Million) Analysis by Energy Source, 2019 to 2034
Figure 101: Western Europe Market Volume (Units) Analysis by Energy Source, 2019 to 2034
Figure 102: Western Europe Market Value Share (%) and BPS Analysis by Energy Source, 2024 to 2034
Figure 103: Western Europe Market Y-o-Y Growth (%) Projections by Energy Source, 2024 to 2034
Figure 104: Western Europe Market Value (US$ Million) Analysis by Tank Capacity, 2019 to 2034
Figure 105: Western Europe Market Volume (Units) Analysis by Tank Capacity, 2019 to 2034
Figure 106: Western Europe Market Value Share (%) and BPS Analysis by Tank Capacity, 2024 to 2034
Figure 107: Western Europe Market Y-o-Y Growth (%) Projections by Tank Capacity, 2024 to 2034
Figure 108: Western Europe Market Value (US$ Million) Analysis by Tank Material, 2019 to 2034
Figure 109: Western Europe Market Volume (Units) Analysis by Tank Material, 2019 to 2034
Figure 110: Western Europe Market Value Share (%) and BPS Analysis by Tank Material, 2024 to 2034
Figure 111: Western Europe Market Y-o-Y Growth (%) Projections by Tank Material, 2024 to 2034
Figure 112: Western Europe Market Value (US$ Million) Analysis By End-User, 2019 to 2034
Figure 113: Western Europe Market Volume (Units) Analysis By End-User, 2019 to 2034
Figure 114: Western Europe Market Value Share (%) and BPS Analysis By End-User, 2024 to 2034
Figure 115: Western Europe Market Y-o-Y Growth (%) Projections By End-User, 2024 to 2034
Figure 116: Western Europe Market Attractiveness by Energy Source, 2024 to 2034
Figure 117: Western Europe Market Attractiveness by Tank Capacity, 2024 to 2034
Figure 118: Western Europe Market Attractiveness by Tank Material, 2024 to 2034
Figure 119: Western Europe Market Attractiveness By End-User, 2024 to 2034
Figure 120: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 121: Eastern Europe Market Value (US$ Million) by Energy Source, 2024 to 2034
Figure 122: Eastern Europe Market Value (US$ Million) by Tank Capacity, 2024 to 2034
Figure 123: Eastern Europe Market Value (US$ Million) by Tank Material, 2024 to 2034
Figure 124: Eastern Europe Market Value (US$ Million) By End-User, 2024 to 2034
Figure 125: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 126: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 127: Eastern Europe Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 128: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 129: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 130: Eastern Europe Market Value (US$ Million) Analysis by Energy Source, 2019 to 2034
Figure 131: Eastern Europe Market Volume (Units) Analysis by Energy Source, 2019 to 2034
Figure 132: Eastern Europe Market Value Share (%) and BPS Analysis by Energy Source, 2024 to 2034
Figure 133: Eastern Europe Market Y-o-Y Growth (%) Projections by Energy Source, 2024 to 2034
Figure 134: Eastern Europe Market Value (US$ Million) Analysis by Tank Capacity, 2019 to 2034
Figure 135: Eastern Europe Market Volume (Units) Analysis by Tank Capacity, 2019 to 2034
Figure 136: Eastern Europe Market Value Share (%) and BPS Analysis by Tank Capacity, 2024 to 2034
Figure 137: Eastern Europe Market Y-o-Y Growth (%) Projections by Tank Capacity, 2024 to 2034
Figure 138: Eastern Europe Market Value (US$ Million) Analysis by Tank Material, 2019 to 2034
Figure 139: Eastern Europe Market Volume (Units) Analysis by Tank Material, 2019 to 2034
Figure 140: Eastern Europe Market Value Share (%) and BPS Analysis by Tank Material, 2024 to 2034
Figure 141: Eastern Europe Market Y-o-Y Growth (%) Projections by Tank Material, 2024 to 2034
Figure 142: Eastern Europe Market Value (US$ Million) Analysis By End-User, 2019 to 2034
Figure 143: Eastern Europe Market Volume (Units) Analysis By End-User, 2019 to 2034
Figure 144: Eastern Europe Market Value Share (%) and BPS Analysis By End-User, 2024 to 2034
Figure 145: Eastern Europe Market Y-o-Y Growth (%) Projections By End-User, 2024 to 2034
Figure 146: Eastern Europe Market Attractiveness by Energy Source, 2024 to 2034
Figure 147: Eastern Europe Market Attractiveness by Tank Capacity, 2024 to 2034
Figure 148: Eastern Europe Market Attractiveness by Tank Material, 2024 to 2034
Figure 149: Eastern Europe Market Attractiveness By End-User, 2024 to 2034
Figure 150: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 151: South Asia and Pacific Market Value (US$ Million) by Energy Source, 2024 to 2034
Figure 152: South Asia and Pacific Market Value (US$ Million) by Tank Capacity, 2024 to 2034
Figure 153: South Asia and Pacific Market Value (US$ Million) by Tank Material, 2024 to 2034
Figure 154: South Asia and Pacific Market Value (US$ Million) By End-User, 2024 to 2034
Figure 155: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 156: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 157: South Asia and Pacific Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 158: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 159: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 160: South Asia and Pacific Market Value (US$ Million) Analysis by Energy Source, 2019 to 2034
Figure 161: South Asia and Pacific Market Volume (Units) Analysis by Energy Source, 2019 to 2034
Figure 162: South Asia and Pacific Market Value Share (%) and BPS Analysis by Energy Source, 2024 to 2034
Figure 163: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Energy Source, 2024 to 2034
Figure 164: South Asia and Pacific Market Value (US$ Million) Analysis by Tank Capacity, 2019 to 2034
Figure 165: South Asia and Pacific Market Volume (Units) Analysis by Tank Capacity, 2019 to 2034
Figure 166: South Asia and Pacific Market Value Share (%) and BPS Analysis by Tank Capacity, 2024 to 2034
Figure 167: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Tank Capacity, 2024 to 2034
Figure 168: South Asia and Pacific Market Value (US$ Million) Analysis by Tank Material, 2019 to 2034
Figure 169: South Asia and Pacific Market Volume (Units) Analysis by Tank Material, 2019 to 2034
Figure 170: South Asia and Pacific Market Value Share (%) and BPS Analysis by Tank Material, 2024 to 2034
Figure 171: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Tank Material, 2024 to 2034
Figure 172: South Asia and Pacific Market Value (US$ Million) Analysis By End-User, 2019 to 2034
Figure 173: South Asia and Pacific Market Volume (Units) Analysis By End-User, 2019 to 2034
Figure 174: South Asia and Pacific Market Value Share (%) and BPS Analysis By End-User, 2024 to 2034
Figure 175: South Asia and Pacific Market Y-o-Y Growth (%) Projections By End-User, 2024 to 2034
Figure 176: South Asia and Pacific Market Attractiveness by Energy Source, 2024 to 2034
Figure 177: South Asia and Pacific Market Attractiveness by Tank Capacity, 2024 to 2034
Figure 178: South Asia and Pacific Market Attractiveness by Tank Material, 2024 to 2034
Figure 179: South Asia and Pacific Market Attractiveness By End-User, 2024 to 2034
Figure 180: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 181: East Asia Market Value (US$ Million) by Energy Source, 2024 to 2034
Figure 182: East Asia Market Value (US$ Million) by Tank Capacity, 2024 to 2034
Figure 183: East Asia Market Value (US$ Million) by Tank Material, 2024 to 2034
Figure 184: East Asia Market Value (US$ Million) By End-User, 2024 to 2034
Figure 185: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 186: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 187: East Asia Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 188: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 189: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 190: East Asia Market Value (US$ Million) Analysis by Energy Source, 2019 to 2034
Figure 191: East Asia Market Volume (Units) Analysis by Energy Source, 2019 to 2034
Figure 192: East Asia Market Value Share (%) and BPS Analysis by Energy Source, 2024 to 2034
Figure 193: East Asia Market Y-o-Y Growth (%) Projections by Energy Source, 2024 to 2034
Figure 194: East Asia Market Value (US$ Million) Analysis by Tank Capacity, 2019 to 2034
Figure 195: East Asia Market Volume (Units) Analysis by Tank Capacity, 2019 to 2034
Figure 196: East Asia Market Value Share (%) and BPS Analysis by Tank Capacity, 2024 to 2034
Figure 197: East Asia Market Y-o-Y Growth (%) Projections by Tank Capacity, 2024 to 2034
Figure 198: East Asia Market Value (US$ Million) Analysis by Tank Material, 2019 to 2034
Figure 199: East Asia Market Volume (Units) Analysis by Tank Material, 2019 to 2034
Figure 200: East Asia Market Value Share (%) and BPS Analysis by Tank Material, 2024 to 2034
Figure 201: East Asia Market Y-o-Y Growth (%) Projections by Tank Material, 2024 to 2034
Figure 202: East Asia Market Value (US$ Million) Analysis By End-User, 2019 to 2034
Figure 203: East Asia Market Volume (Units) Analysis By End-User, 2019 to 2034
Figure 204: East Asia Market Value Share (%) and BPS Analysis By End-User, 2024 to 2034
Figure 205: East Asia Market Y-o-Y Growth (%) Projections By End-User, 2024 to 2034
Figure 206: East Asia Market Attractiveness by Energy Source, 2024 to 2034
Figure 207: East Asia Market Attractiveness by Tank Capacity, 2024 to 2034
Figure 208: East Asia Market Attractiveness by Tank Material, 2024 to 2034
Figure 209: East Asia Market Attractiveness By End-User, 2024 to 2034
Figure 210: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 211: Middle East and Africa Market Value (US$ Million) by Energy Source, 2024 to 2034
Figure 212: Middle East and Africa Market Value (US$ Million) by Tank Capacity, 2024 to 2034
Figure 213: Middle East and Africa Market Value (US$ Million) by Tank Material, 2024 to 2034
Figure 214: Middle East and Africa Market Value (US$ Million) By End-User, 2024 to 2034
Figure 215: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 216: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 217: Middle East and Africa Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 218: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 219: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 220: Middle East and Africa Market Value (US$ Million) Analysis by Energy Source, 2019 to 2034
Figure 221: Middle East and Africa Market Volume (Units) Analysis by Energy Source, 2019 to 2034
Figure 222: Middle East and Africa Market Value Share (%) and BPS Analysis by Energy Source, 2024 to 2034
Figure 223: Middle East and Africa Market Y-o-Y Growth (%) Projections by Energy Source, 2024 to 2034
Figure 224: Middle East and Africa Market Value (US$ Million) Analysis by Tank Capacity, 2019 to 2034
Figure 225: Middle East and Africa Market Volume (Units) Analysis by Tank Capacity, 2019 to 2034
Figure 226: Middle East and Africa Market Value Share (%) and BPS Analysis by Tank Capacity, 2024 to 2034
Figure 227: Middle East and Africa Market Y-o-Y Growth (%) Projections by Tank Capacity, 2024 to 2034
Figure 228: Middle East and Africa Market Value (US$ Million) Analysis by Tank Material, 2019 to 2034
Figure 229: Middle East and Africa Market Volume (Units) Analysis by Tank Material, 2019 to 2034
Figure 230: Middle East and Africa Market Value Share (%) and BPS Analysis by Tank Material, 2024 to 2034
Figure 231: Middle East and Africa Market Y-o-Y Growth (%) Projections by Tank Material, 2024 to 2034
Figure 232: Middle East and Africa Market Value (US$ Million) Analysis By End-User, 2019 to 2034
Figure 233: Middle East and Africa Market Volume (Units) Analysis By End-User, 2019 to 2034
Figure 234: Middle East and Africa Market Value Share (%) and BPS Analysis By End-User, 2024 to 2034
Figure 235: Middle East and Africa Market Y-o-Y Growth (%) Projections By End-User, 2024 to 2034
Figure 236: Middle East and Africa Market Attractiveness by Energy Source, 2024 to 2034
Figure 237: Middle East and Africa Market Attractiveness by Tank Capacity, 2024 to 2034
Figure 238: Middle East and Africa Market Attractiveness by Tank Material, 2024 to 2034
Figure 239: Middle East and Africa Market Attractiveness By End-User, 2024 to 2034
Figure 240: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
The global storage water heater market value reached USD 19,013.7 million in 2023
The global storage water heater market is to grow at 5.8% during the forecasted years.
The storage water heater market is expected to be USD 34,917.2 million by 2034.
Havells, Hubbel, and Jaquar are a few leading players in the global market.
India is likely to witness a CAGR of 7.7% in sales of storage water heaters through 2034.
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Storage Water Heater Market
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