Summary
The global and Chinese economies were hit hard in 2020, and the global GDP grew by XX% in 2021. Although the global growth prospects improved and there was a V-shaped rebound, this does not mean that the economy has really recovered to the level before the epidemic. The vast majority of countries are still in the stage of recovery after heavy damage and are far from achieving real recovery.
2023 is a year of continuous recovery. Global supply chain disturbance, geopolitical tension, energy price fluctuation, local labor shortage and rising raw material prices will affect the resilience of economic recovery. The International Monetary Fund (IMF) predicts that the world economy will grow by XX% in 2023, of which the U.S. economy will grow by about XX%. Driven by China and India, Asia is expected to become the fastest growing region in the world in 2023. However, China's economic growth has slowed down. The 2023 government work report shows that the expected target of economic growth is set at about XX%.
According to research, China has set a growth rate of about XX%, which not only focuses on the speed of economic growth, but also anchors the quality of economic development. Scientific and technological innovation, economic and social digitization and green development will be the long-term goals of China's economic development. It is expected that in 2023, major economies such as the United States, Europe and China will introduce more favorable policies to drive the development of switching power supply industry.
VIC Research released the 《Global Residential Water Heater Market Segment Research Report 2023》, which aims to sort out the development status and trends of the Residential Water Heater industry at home and abroad, estimate the overall market scale of the Residential Water Heater industry and the market share of major countries, Residential Water Heater industry, and study and judge the downstream market demand of Residential Water Heater through systematic research, Analyze the competition pattern of Residential Water Heater, so as to help solve the pain points of various stakeholders in Residential Water Heater industry. This industry research report combines desktop research, qualitative interviews with insiders or experts and other methods to strive for the objectivity and integrity of conclusions and data.
Regional Segmentation (Value; Revenue, USD Million, 2019-2028) of Residential Water Heater Market by VIC Research Include
USA
Europe
China
Japan
India
Korea
Southeast Asia
Competitive Analysis; Who are the Major Players in Residential Water Heater Market?
ABB Ltd
Whirlpool
Midea Group
Rinnai
Robert Bosch
GE Appliances
Haier
Siemens
GREE
Major Type of Residential Water Heater Covered in VIC Research report:
Eletric Water Heater
Gas Water Heater
Solar Water Heater
Other
Application Segments Covered in VIC Research Market
Residential
Commercial
For any other requirements, please feel free to contact us and we will provide you customized report.
Table of Contents
Global Residential Water Heater Market Segment Research Report 2023
1. Research Scope
2. Market Overview
2.1 Product Introduction, Application, Picture
2.2 Global Residential Water Heater Market by Value
2.2.1 Global Residential Water Heater Revenue by Type
2.2.2 Global Residential Water Heater Market by Value (%)
2.3 Global Residential Water Heater Market by Production
2.3.1 Global Residential Water Heater Production by Type
2.3.2 Global Residential Water Heater Market by Production (%)
3. The Major Driver of Residential Water Heater Industry
3.1 Historical & Forecast Global Residential Water Heater Demand
3.2 Largest Application for Residential Water Heater (2019-2028)
3.3 The Major Downstream Company in China Market 2023
4. Global and Regional Residential Water Heater Market
4.1 Regional Market Size in Terms of Production & Demand (2023)
4.2 Regional Market Share in Terms of Revenue (2019-2023)
4.3 Concentration Ratio (CR5& CR10) of Residential Water Heater Market
4.4 Mergers & Acquisitions, Expansion Plans
5. US Residential Water Heater Production, Revenue (2019-2028)
5.1 Current and Estimated Production Breakdown by Type
5.2 Current and Estimated Production Breakdown by Application
5.3 Current and Estimated Revenue Breakdown by Type (2019-2028)
5.4 Current and Estimated Revenue Breakdown by Application (2019-2028)
6. Europe Residential Water Heater Production, Revenue (2019-2028)
6.1 Current and Estimated Production Breakdown by Type
6.2 Current and Estimated Production Breakdown by Application
6.3 Current and Estimated Revenue Breakdown by Type (2019-2028)
6.4 Current and Estimated Revenue Breakdown by Application (2019-2028)
7. China Residential Water Heater Production, Revenue (2019-2028)
7.1 Current and Estimated Production Breakdown by Type
7.2 Current and Estimated Production Breakdown by Application
7.3 Current and Estimated Revenue Breakdown by Type (2019-2028)
7.4 Current and Estimated Revenue Breakdown by Application (2019-2028)
8. Japan Residential Water Heater Production, Revenue (2019-2028)
8.1 Current and Estimated Production Breakdown by Type
8.2 Current and Estimated Production Breakdown by Application
8.3 Current and Estimated Revenue Breakdown by Type (2019-2028)
8.4 Current and Estimated Revenue Breakdown by Application (2019-2028)
9. India Residential Water Heater Production, Revenue (2019-2028)
9.1 Current and Estimated Production Breakdown by Type
9.2 Current and Estimated Production Breakdown by Application
9.3 Current and Estimated Revenue Breakdown by Type (2019-2028)
9.4 Current and Estimated Revenue Breakdown by Application (2019-2028)
10. Korea Residential Water Heater Production, Revenue (2019-2028)
10.1 Current and Estimated Production Breakdown by Type
10.2 Current and Estimated Production Breakdown by Application
10.3 Current and Estimated Revenue Breakdown by Type (2019-2028)
10.4 Current and Estimated Revenue Breakdown by Application (2019-2028)
11. Southeast Asia Residential Water Heater Production, Revenue (2019-2028)
11.1 Current and Estimated Production Breakdown by Type
11.2 Current and Estimated Production Breakdown by Application
11.3 Current and Estimated Revenue Breakdown by Type (2019-2028)
11.4 Current and Estimated Revenue Breakdown by Application (2019-2028)
12. Global Residential Water Heater Average Price Trend
12.1 Market Price for Each Type of Residential Water Heater in US (2019-2023)
12.2 Market Price for Each Type of Residential Water Heater in Europe (2019-2023)
12.3 Market Price for Each Type of Residential Water Heater in China (2019-2023)
12.4 Market Price for Each Type of Residential Water Heater in Japan (2019-2023)
12.5 Market Price for Each Type of Residential Water Heater in India (2019-2023)
12.6 Market Price for Each Type of Residential Water Heater in Korea (2019-2023)
12.7 Market Price for Each Type of Residential Water Heater in Southeast Asia (2019-2023)
13. Industrial Chain (Impact of COVID-19)
13.1 Residential Water Heater Industrial Chain Analysis
13.2 Downstream
13.3 Impact of COVID-19
13.4 Post-pandemic Era
13.5 Technology Trends of Residential Water Heater
14. Residential Water Heater Competitive Landscape
14.1 ABB Ltd
14.1.1 ABB Ltd Company Profiles
14.1.2 ABB Ltd Product Introduction
14.1.3 ABB Ltd Residential Water Heater Production, Revenue (2019-2023)
14.1.4 Strategic initiatives
14.2 Whirlpool
14.2.1 Whirlpool Company Profiles
14.2.2 Whirlpool Product Introduction
14.2.3 Whirlpool Residential Water Heater Production, Revenue (2019-2023)
14.2.4 Strategic initiatives
14.3 Midea Group
14.3.1 Midea Group Company Profiles
14.3.2 Midea Group Product Introduction
14.3.3 Midea Group Residential Water Heater Production, Revenue (2019-2023)
14.3.4 Strategic initiatives
14.4 Rinnai
14.4.1 Rinnai Company Profiles
14.4.2 Rinnai Product Introduction
14.4.3 Rinnai Residential Water Heater Production, Revenue (2019-2023)
14.4.4 Strategic initiatives
14.5 Robert Bosch
14.5.1 Robert Bosch Company Profiles
14.5.2 Robert Bosch Product Introduction
14.5.3 Robert Bosch Residential Water Heater Production, Revenue (2019-2023)
14.5.4 Strategic initiatives
14.6 GE Appliances
14.6.1 GE Appliances Company Profiles
14.6.2 GE Appliances Product Introduction
14.6.3 GE Appliances Residential Water Heater Production, Revenue (2019-2023)
14.6.4 Strategic initiatives
14.7 Haier
14.7.1 Haier Company Profiles
14.7.2 Haier Product Introduction
14.7.3 Haier Residential Water Heater Production, Revenue (2019-2023)
14.7.4 Strategic initiatives
14.8 Siemens
14.8.1 Siemens Company Profiles
14.8.2 Siemens Product Introduction
14.8.3 Siemens Residential Water Heater Production, Revenue (2019-2023)
14.8.4 Strategic initiatives
14.9 GREE
14.9.1 GREE Company Profiles
14.9.2 GREE Product Introduction
14.9.3 GREE Residential Water Heater Production, Revenue (2019-2023)
14.9.4 Strategic initiatives
15. Conclusion
16. Methodology and Data Source
List of Tables and Figures
Figure 1. Total Demand by Application of Residential Water Heater Industry (Volume)
Figure 2. Residential Water Heater Production & Demand by Regions in 2023
Figure 3. Regional Market Share in Terms of Revenue (2023&2027)
Figure 4. The Top 10 and 5 Players Market Share by Residential Water Heater Revenue in 2023
Figure 5. US Residential Water Heater Production, Demand (2019-2028)
Figure 6. Production Breakdown by Type (%)
Figure 7. Demand Breakdown by Type (%)
Figure 8. Demand Breakdown by Application (%)
Figure 9. Revenue Breakdown by Type (%)
Figure 10. Revenue Breakdown by Application (%)
Figure 11. Europe Residential Water Heater Production, Demand (2019-2028)
Figure 12. Production Breakdown by Type (%)
Figure 13. Demand Breakdown by Type (%)
Figure 14. Demand Breakdown by Application (%)
Figure 15. Revenue Breakdown by Type (%)
Figure 16. Revenue Breakdown by Application (%)
Figure 17. China Residential Water Heater Production, Demand (2019-2028)
Figure 18. Production Breakdown by Type (%)
Figure 19. Demand Breakdown by Type (%)
Figure 20. Demand Breakdown by Application (%)
Figure 21. Current and Estimated Revenue Breakdown by Type
Figure 22. Revenue Breakdown by Type (%)
Figure 23. Revenue Breakdown by Application (%)
Figure 24. Japan Residential Water Heater Production, Demand (2019-2028)
Figure 25. Production Breakdown by Type (%)
Figure 26. Demand Breakdown by Type (%)
Figure 27. Demand Breakdown by Application (%)
Figure 28. Revenue Breakdown by Type (%)
Figure 29. Revenue Breakdown by Application (%)
Figure 30. India Residential Water Heater Production, Demand (2019-2028)
Figure 31. Production Breakdown by Type (%)
Figure 32. Demand Breakdown by Type (%)
Figure 33. Demand Breakdown by Application (%)
Figure 34. Revenue Breakdown by Type (%)
Figure 35. Revenue Breakdown by Application (%)
Figure 36. Korea Residential Water Heater Production, Demand (2019-2028)
Figure 37. Production Breakdown by Type (%)
Figure 38. Demand Breakdown by Type (%)
Figure 39. Demand Breakdown by Application (%)
Figure 40. Revenue Breakdown by Type (%)
Figure 41. Revenue Breakdown by Application (%)
Figure 42. Southeast Asia Residential Water Heater Production, Demand (2019-2028)
Figure 43. Current and Estimated Production Breakdown by Type (2019-2028)
Figure 44. Production Breakdown by Type (%)
Figure 45. Demand Breakdown by Type (%)
Figure 46. Revenue Breakdown by Type (%)
Figure 47. Revenue Breakdown by Application (%)
Figure 48. Industrial Chain
Table 1. Top Manufacturers and Market Segmentation
Table 2. Product Introduction, Application, Picture
Table 3. Residential Water Heater Revenue, by Type (Million USD) (2019-2028)
Table 4. Residential Water Heater Production, by Type (K Unit) (2019-2028)
Table 5. Residential Water Heater Demand (K Unit) by Application (2019-2028)
Table 6. Residential Water Heater Demand (Million USD) by Application (2019-2028)
Table 7. The Major Downstream Company in China
Table 8. Regional Market Share in Terms of Production & Demand (2023)
Table 9. Regional Market Share in Terms of Revenue (2023&2027)
Table 10. Ranking of Global Top Residential Water Heater Companies by Revenue, Concentration Ratio in 2023
Table 11. Mergers & Acquisitions, Expansion Plans
Table 12. US Residential Water Heater Production (K Unit), Market Revenue (Million USD), Demand (K Unit) (2019-2028)
Table 13. Current and Estimated Production Breakdown by Type (2019-2028)
Table 14. Current and Estimated Demand Breakdown by Type (2019-2028)
Table 15. Current and Estimated Demand Breakdown by Application (2019-2028)
Table 16. Current and Estimated Revenue Breakdown by Type
Table 17. Current and Estimated Revenue Breakdown by Application
Table 18. Europe Residential Water Heater Production (K Unit), Market Revenue (Million USD), Demand (K Unit) (2019-2028)
Table 19. Current and Estimated Production Breakdown by Type (2019-2028)
Table 20. Current and Estimated Demand Breakdown by Type (2019-2028)
Table 21. Current and Estimated Demand Breakdown by Application (2019-2028)
Table 22. Current and Estimated Revenue Breakdown by Type
Table 23. Current and Estimated Revenue Breakdown by Application
Table 24. China Residential Water Heater Production (K Unit), Market Revenue (Million USD), Demand (K Unit) (2019-2028)
Table 25. Table Current and Estimated Production Breakdown by Type
Table 26. Current and Estimated Demand Breakdown by Type
Table 27. Current and Estimated Demand Breakdown by Application
Table 28. Current and Estimated Revenue Breakdown by Application
Table 29. Japan Residential Water Heater Production (K Unit), Market Revenue (Million USD), Demand (K Unit) (2019-2028)
Table 30. Current and Estimated Production Breakdown by Type (2019-2028)
Table 31. Current and Estimated Demand Breakdown by Type (2019-2028)
Table 32. Current and Estimated Demand Breakdown by Application (2019-2028)
Table 33. Current and Estimated Revenue Breakdown by Type
Table 34. Current and Estimated Revenue Breakdown by Application
Table 35. India Residential Water Heater Production (K Unit), Market Revenue (Million USD), Demand (K Unit) (2019-2028)
Table 36. Current and Estimated Production Breakdown by Type (2019-2028)
Table 37. Current and Estimated Demand Breakdown by Type (2019-2028)
Table 38. Current and Estimated Demand Breakdown by Application (2019-2028)
Table 39. Current and Estimated Revenue Breakdown by Type
Table 40. Current and Estimated Revenue Breakdown by Application
Table 41. Korea Residential Water Heater Production (K Unit), Market Revenue (Million USD), Demand (K Unit) (2019-2028)
Table 42. Current and Estimated Production Breakdown by Type (2019-2028)
Table 43. Current and Estimated Demand Breakdown by Type (2019-2028)
Table 44. Current and Estimated Demand Breakdown by Application (2019-2028)
Table 45. Current and Estimated Revenue Breakdown by Type
Table 46. Current and Estimated Revenue Breakdown by Application
Table 47. Southeast Asia Residential Water Heater Production (K Unit), Market Revenue (Million USD), Demand (K Unit) (2019-2028)
Table 48. Table Current and Estimated Demand Breakdown by Type (2019-2028)
Table 49. Current and Estimated Demand Breakdown by Application (2019-2028)
Table 50. Current and Estimated Revenue Breakdown by Type
Table 51. Current and Estimated Revenue Breakdown by Application
Table 52. Market Price (USD/Unit) for Each Type of Residential Water Heater in US (2019-2023)
Table 53. Market Price (USD/Unit) for Each Type of Residential Water Heater in Europe (2019-2023)
Table 54. Market Price (USD/Unit) for Each Type of Residential Water Heater in China (2019-2023)
Table 55. Market Price (USD/Unit) for Each Type of Residential Water Heater in Japan (2019-2023)
Table 56. Market Price (USD/Unit) for Each Type of Residential Water Heater in India (2019-2023)
Table 57. Market Price (USD/Unit) for Each Type of Residential Water Heater in Korea (2019-2023)
Table 58. Market Price (USD/Unit) for Each Type of Residential Water Heater in Southeast Asia (2019-2023)
Table 59. Key Downstream Customer in Each Application Field
Table 60. ABB Ltd Profiles
Table 61. ABB Ltd Residential Water Heater Product Introduction
Table 62. ABB Ltd Residential Water Heater Production (Unit), Revenue (Million USD) (2019-2023)
Table 63. ABB Ltd Strategic initiatives
Table 64. Whirlpool Profiles
Table 65. Whirlpool Residential Water Heater Product Introduction
Table 66. Whirlpool Residential Water Heater Production (Unit), Revenue (Million USD) (2019-2023)
Table 67. Whirlpool Strategic initiatives
Table 68. Midea Group Profiles
Table 69. Midea Group Residential Water Heater Product Introduction
Table 70. Midea Group Residential Water Heater Production (Unit), Revenue (Million USD) (2019-2023)
Table 71. Midea Group Strategic initiatives
Table 72. Rinnai Profiles
Table 73. Rinnai Residential Water Heater Product Introduction
Table 74. Rinnai Residential Water Heater Production (Unit), Revenue (Million USD) (2019-2023)
Table 75. Rinnai Strategic initiatives
Table 76. Robert Bosch Profiles
Table 77. Robert Bosch Residential Water Heater Product Introduction
Table 78. Robert Bosch Residential Water Heater Production (Unit), Revenue (Million USD) (2019-2023)
Table 79. Robert Bosch Strategic initiatives
Table 80. GE Appliances Profiles
Table 81. GE Appliances Residential Water Heater Product Introduction
Table 82. GE Appliances Residential Water Heater Production (Unit), Revenue (Million USD) (2019-2023)
Table 83. GE Appliances Strategic initiatives
Table 84. Haier Profiles
Table 85. Haier Residential Water Heater Product Introduction
Table 86. Haier Residential Water Heater Production (Unit), Revenue (Million USD) (2019-2023)
Table 87. Haier Strategic initiatives
Table 88. Siemens Profiles
Table 89. Siemens Residential Water Heater Product Introduction
Table 90. Siemens Residential Water Heater Production (Unit), Revenue (Million USD) (2019-2023)
Table 91. Siemens Strategic initiatives
Table 92. GREE Profiles
Table 93. GREE Residential Water Heater Product Introduction
Table 94. GREE Residential Water Heater Production (Unit), Revenue (Million USD) (2019-2023)
Table 95. GREE Strategic initiatives
The research methodology employed by VICResearch has been subjected by numerous procedures in order to guarantee the quality and accuracy of the data contained within the reports. The analysts are employed full-time and received more than six months training to satisfy the standard of VICResearch. VICResearch’s methodology can be divided into five stages:
Stage 1: Secondary research
The research team first works with magazines, industry trade group, and administration that operate in the research field. The information provided by our in-house documentation service helps us carrying out further research. Our team which has the experience as well as the knowledge efficiently extracts the accurate information from existing source.
Stage 2: Primary research: interviews with trade sources
After the first stage, the research team conducts large number of face-to-face or telephone interviews with the representative companies operating in the research field. The analysts attempt to obtain a chance to talk with leading players in the field as well as with small companies. The upstream suppliers, manufacturers, distributors, importers, installers, wholesalers and consumers are all included in the interviews. The data gathered during the interview is then carefully checked and compared with the secondary research.
Stage 3: Analysis of the gathered data
The analysis team checks and synthesizes the data gathered during the first two stages. To validate the data, a second series of interviews can be conducted.
Stage 4: Quantitative data
The quantitative data such as market estimates, production and capacity of manufacturer, market forecasts and investment feasibility is provided by VICResearch. The data is based on the estimates obtained during stage 3.
The research team also provides appreciation and analysis of the market and the quantitative data contained in the reports. The data is consequently unique to VICResearch.
Stage 5: Quality control
Before publishing, every report goes under a rigorous checking and editing process, which is done by experience management team to ensure the reliability of the published data. Each analyst in the research team receives support and on-going training which is part of the VICResearch’s internal quality process.
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