PUBLISHED DATE : Oct 2021 | Pages : 191
Fill out your details & get your free sample
The U.S. Water Heater Market Share, Size & Trends Analysis by Product Type (Gas & Oil, Electric, Heat Pump, and Solar), by Category (Storage and Instant), By Distribution Channel (Offline and Online), By End User (Residential and Commercial), and by Geography (Midwest, Northeast, South, and West) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021–2026.
191 Pages
75 Tables
69 Charts
4 Regions
1 Countries
17 Companies
5 Market Segment
| Report Attribute | Details |
|---|---|
| MARKET SIZE (REVENUE) | USD 4,167.68 MILLION (2026) |
| CAGR | 4.89% (2026) |
| BASE YEAR | 2020 |
| FORECAST YEAR | 2021-2026 |
| MARKET SEGMENTS | By Product Type (Gas & Oil, Electric, Heat Pump, and Solar), By Category (Storage and Instant), By Distribution Channel (Offline and Online), By End User (Residential and Commercial) |
| GEOGRAPHIC ANALYSIS | Midwest, Northeast, South, West |
| COUNTRIES COVERED | US |
The U.S. water heater market size was valued at USD 3,129.54 million in 2020 and is expected to reach USD 4,167.68 million by 2026 growing at a CAGR of 4.89% during the forecast period. The US water heater market is growing significantly due to the increasing demand for hot water for various chores such as laundry, cleaning, shower, cooking, and others. Multiple factors such as the growing inclination of the country’s population towards energy-efficient applications products and continuous innovation by various vendors to launch heaters with advanced features in the industry are likely to further add to the revenue of water heater vendors operating in the US market.
This research report includes a detailed segmentation by
Product Type
Category
Distribution Channel
End-User
Geography
Frequently Asked Questions
How big is the U.S. water heater market?
The U.S. water heater market was valued at USD 3,129.54 million in 2020 and is expected to reach USD 4,167.68 million by 2026.
What is the biggest opportunity for growth in the U.S. water heater market?
The continuous innovation & development of water heaters with digital controls is expected to be a big opportunity for vendors in the US water heater industry.
What factors affect the growth of the water heater manufacturing industry in the U.S.?
The factors affecting the growth of the water heater manufacturing industry in the US are growing traction for smart water heaters, the emergence of hybrid water heaters, and growth in the commercial sector, etc.
Storage water heater due to the cost advantage that it carries over instant water heaters in terms of upfront cost, installation cost, and repair and maintenance cost is contributing to its highest share in the market.
Who are the key players in the U.S. water heater market?
The key players in the U.S. water heater industry are A.O. Smith, Bradford White, and Rheem Manufacturing.
The U.S. water heater market was valued at USD 3,129.54 million in 2020 and is expected to reach USD 4,167.68 million by 2026 growing at a CAGR of 4.89% during the forecast period
The following factors are likely to contribute to the growth of the U.S. water heater market during the forecast period:
Base Year: 2020
Forecast Year: 2021-2026
The study considers a detailed scenario of the present US water heater market and its market dynamics for the period 2021−2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.
Key Vendors
Other Prominent Vendors
Segmentation by Product Type
Segmentation by Category
Segmentation by Distribution Channel
Segmentation by End User
Segmentation by Geography
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.1.3 Market Estimation Caveats
4.2 Base Year
4.3 Scope Of The Study
4.4 Market Segments
4.4.1 Market Segmentation By Product Type
4.4.2 Market Segmentation By Category
4.4.3 Market Segmentation By End User
4.4.4 Market Segmentation By Distribution Channel
4.4.5 Market Segmentation By Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market At A Glance
7 Introduction
7.1 Overview
7.2 Components Of Storage Water Heater
7.3 Government Regulations
7.4 Industry FAQs
7.4.1 How Will The Us Water Heater Market Perform In The Coming Years?
7.4.2 Which Is The Fastest-Growing And Most Preferred Category Of Water Heaters In The Market?
7.4.3 Which Water Heater By Product Type Has The Highest Revenue Share And Fastest Growth In The Market?
7.4.4 Which End-User Segment Generates The Highest Revenue For Water Heater Vendors Operating In The Us?
7.4.5 Who Are the Key Players In The Us Water Heater Market?
7.5 Impact Of Covid-19
7.5.1 Supply Side
7.5.2 Demand Side
8 Market Opportunities & Trends
8.1 Growing Traction For Smart Water Heaters
8.2 Emergence Of Hybrid Water Heaters
8.3 Growth In Commercial Sector
9 Market Growth Enablers
9.1 Expansion Of Residential Sector
9.2 Rising Demand For Energy Efficiency
9.3 Investment In R&D Initiatives
10 Market Restraints
10.1 Impact Of Covid-19 On Steel Prices
10.2 High Installation & Maintenance Costs For Commercial Water Heaters
10.3 Trade Conflicts Between Us & China
11 Market Landscape
11.1 Market Overview
11.1.1 Key Applications
11.2 Vendor Analysis
11.3 Market Size & Forecast
11.4 Five Forces Analysis
11.4.1 Threat Of New Entrants
11.4.2 Bargaining Power Of Suppliers
11.4.3 Bargaining Power Of Buyers
11.4.4 Threat Of Substitutes
11.4.5 Competitive Rivalry
12 Product Type
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 Gas & Oil
12.3.1 Market Overview
12.3.2 Market Size & Forecast
12.3.3 Market By Geography
12.4 Electric
12.4.1 Market Overview
12.4.2 Market Size & Forecast
12.4.3 Market By Geography
12.5 Heat Pump
12.5.1 Market Overview
12.5.2 Market Size & Forecast
12.5.3 Market By Geography
12.6 Solar
12.6.1 Market Overview
12.6.2 Market Size & Forecast
12.6.3 Market By Geography
13 Category
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Storage Water Heater
13.3.1 Market Overview
13.3.2 Market Size & Forecast
13.3.3 Market By Geography
13.4 Instant Water Heater
13.4.1 Market Overview
13.4.2 Market Size & Forecast
13.4.3 Market By Geography
14 Distribution Channel
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Offline
14.3.1 Market Overview
14.3.2 Consumer Electronics Retail Stores
14.3.3 Departmental Stores
14.3.4 Specialty Stores
14.3.5 Others
14.3.6 Market Size & Forecast
14.3.7 Market By Geography
14.4 Online
14.4.1 Market Overview
14.4.2 Direct Sales
14.4.3 Third-Party Sales
14.4.4 Market Size & Forecast
14.4.5 Market By Geography
15 End User
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Residential
15.3.1 Market Overview
15.3.2 Market Size & Forecast
15.3.3 Market By Geography
15.4 Commercial
15.4.1 Market Overview
15.4.2 Healthcare
15.4.3 Hospitality
15.4.4 Other Commercial End Users
15.4.5 Market Size & Forecast
15.4.6 Market By Geography
16 Geography
16.1 Market Snapshot & Growth Engine
16.2 Geographic Overview
17 Midwest
17.1 Market Overview
17.1.1 Illinois
17.1.2 Michigan
17.1.3 Ohio
17.2 Market Size & Forecast
17.3 Product Type
17.3.1 Market Size & Forecast
17.4 Category
17.4.1 Market Size & Forecast
17.5 End User
17.5.1 Market Size & Forecast
17.6 Distribution Channel
17.6.1 Market Size & Forecast
18 Northeast
18.1 Market Overview
18.1.1 New Jersey
18.1.2 New York
18.2 Market Size & Forecast
18.3 Product Type
18.3.1 Market Size & Forecast
18.4 Category
18.4.1 Market Size & Forecast
18.5 End User
18.5.1 Market Size & Forecast
18.6 Distribution Channel
18.6.1 Market Size & Forecast
19 South
19.1 Market Overview
19.1.1 Texas
19.1.2 Florida
19.2 Market Size & Forecast
19.3 Product Type
19.3.1 Market Size & Forecast
19.4 Category
19.4.1 Market Size & Forecast
19.5 End User
19.5.1 Market Size & Forecast
19.6 Distribution Channel
19.6.1 Market Size & Forecast
20 West
20.1 Market Overview
20.1.1 California
20.1.2 Washington
20.1.3 Utah
20.2 Market Size & Forecast
20.3 Product Type
20.3.1 Market Size & Forecast
20.4 Category
20.4.1 Market Size & Forecast
20.5 End User
20.5.1 Market Size & Forecast
20.6 Distribution Channel
20.6.1 Market Size & Forecast
21 Competitive Landscape
21.1 Competition Overview
22 Key Company Profiles
22.1 A.O. SMITH
22.1.1 Business Overview
22.1.2 Product Offerings
22.1.3 Key Strategies
22.1.4 Key Strengths
22.1.5 Key Opportunities
22.2 BRADFORD WHITE
22.2.1 Business Overview
22.2.2 Product Offerings
22.2.3 Key Strategies
22.2.4 Key Strengths
22.2.5 Key Opportunities
22.3 RHEEM MANUFACTURING COMPANY
22.3.1 Business Overview
22.3.2 Product Offerings
22.3.3 Key Strategies
22.3.4 Key Strengths
22.3.5 Key Opportunities
23 Other Prominent Vendors
23.1 BOCK WATER HEATERS
23.1.1 Business Overview
23.1.2 Product Offerings
23.2 ECCOTEMP
23.2.1 Business Overview
23.2.2 Product Offerings
23.3 GENERAL ELECTRIC
23.3.1 Business Overview
23.3.2 Product Offerings
23.4 HTP
23.4.1 Business Overview
23.4.2 Product Offerings
23.5 HUBBELL WATER HEATERS
23.5.1 Business Overview
23.5.2 Product Offerings
23.6 INTELLIHOT
23.6.1 Business Overview
23.6.2 Product Offerings
23.7 NAVIEN
23.7.1 Business Overview
23.7.2 Product Offerings
23.8 NORITZ AMERICA CORPORATION
23.8.1 Business Overview
23.8.2 Product Offerings
23.9 RINNAI AMERICA CORPORATION
23.9.1 Business Overview
23.9.2 Product Offerings
23.10 STATE WATER HEATERS
23.10.1 Business Overview
23.10.2 Product Offerings
23.11 STIEBEL ELTRON
23.11.1 Business Overview
23.11.2 Product Offerings
23.12 WATTS WATER TECHNOLOGIES
23.12.1 Business Overview
23.12.2 Product Offerings
23.13 WESTINGHOUSE ELECTRIC COMPANY
23.13.1 Business Overview
23.13.2 Product Offerings
23.14 WHIRLPOOL
23.14.1 Business Overview
23.14.2 Product Offerings
24 Recent Developments
24.1 Merger, Acquisitions & Partnerships
24.2 New Product Launches
25 Report Summary
25.1 Key Takeaways
25.2 Strategic Recommendations
26 Quantitative Summary
26.1 Market By Geography
26.2 Midwest
26.2.1 Product Type: Market Size & Forecast
26.2.2 Category: Market Size & Forecast
26.2.3 End User: Market Sizr & Forecast
26.2.4 Distribution Channel: Market Size & Forecast
26.3 Northeast
26.3.1 Product Type: Market Size & Forecast
26.3.2 Category: Market Size & Forecast
26.3.3 End User: Market Size & Forecast
26.3.4 Distribution Channel: Market Size & Forecast
26.4 South
26.4.1 Product Type: Market Size & Forecast
26.4.2 Category: Market Size & Forecast
26.4.3 End User: Market Sizr & Forecast
26.4.4 Distribution Channel: Market Size & Forecast
26.5 West
26.5.1 Product Type: Market Size & Forecast
26.5.2 Category: Market Size & Forecast
26.5.3 End User: Market Sizr & Forecast
26.5.4 Distribution Channel: Market Size & Forecast
26.6 Product Type
26.6.1 Market Size & Forecast
26.7 Category
26.7.1 Market Size & Forecast
26.8 End User
26.8.1 Market Size & Forecast
26.9 Distribution Channel
26.9.1 Market Size & Forecast
27 Appendix
27.1 Abbreviations
Exhibit 1 Segmentation of US Water Heater Market
Exhibit 2 Market Size Calculation Approach 2020
Exhibit 3 Factors Driving Water Heater Market
Exhibit 4 Components of Storage Water Heater
Exhibit 5 Impact of Growing Traction for Smart Water Heaters
Exhibit 6 Factors Supporting Smart Water Heaters Demand
Exhibit 7 Impact of Emergence of Hybrid Water Heaters
Exhibit 8 Functioning of Heat Pump Water Heater
Exhibit 9 Impact of Growth in Commercial Sector
Exhibit 10 Impact of Expansion of Residential Sector
Exhibit 11 New Residential Construction in US by June 2021 (million units)
Exhibit 12 Impact of Rising Demand for Energy Efficiency
Exhibit 13 Factors Influencing Demand for Energy Efficiency
Exhibit 14 Impact of Investment in R&D Initiatives
Exhibit 15 Impact of COVID-19 on Steel Prices
Exhibit 16 Impact of High Installation & Maintenance Costs for Commercial Water Heaters
Exhibit 17 Average Installation Costs for Water Heaters
Exhibit 18 Impact of Trade Conflicts between US & China
Exhibit 19 Energy Consumption for Various Activities in Residential Sector 2015 (%)
Exhibit 20 US Water Heater Market 2020–2026 ($ million)
Exhibit 21 Five Forces Analysis 2020
Exhibit 22 Incremental Growth by Product Type 2020 & 2026
Exhibit 23 Classification of Water Heaters Based on Product Type
Exhibit 24 Key Trends, Drivers, and Market Shares of Various Types of Water Heaters
Exhibit 25 Types of Gas Used in Gas Water Heater
Exhibit 26 Share of Natural Gas Producing States in US 2019
Exhibit 27 US Gas & Oil Water Heater Market 2020–2026 ($ million)
Exhibit 28 Factors Influencing and Hampering Demand for Electric Water Heaters
Exhibit 29 US Electric Water Heater Market 2020–2026 ($ million)
Exhibit 30 Classification of Heat Pump Water Heaters
Exhibit 31 Positives & Negatives of Heat Pump Water Heaters
Exhibit 32 US Heat Pump Water Heater Market 2020–2026 ($ million)
Exhibit 33 Classification of Solar Water Heating Systems
Exhibit 34 US Solar Water Heater Market 2020–2026 ($ million)
Exhibit 35 Incremental Growth by Category 2020 & 2026
Exhibit 36 Classification of Water Heaters Based on Category
Exhibit 37 Region-wise CAGR of Storage & Instant Water Heaters
Exhibit 38 Factors Hampering Demand for Storage Water Heaters
Exhibit 39 US Water Heater Market by Storage Category 2020–2026 ($ million)
Exhibit 40 Key Factors Influencing Demand for Instant Water Heaters
Exhibit 41 US Instant Water Heater Market 2020–2026 ($ million)
Exhibit 42 Incremental Growth by Distribution Channel 2020 & 2026
Exhibit 43 Classification of Water Heater Market based on Distribution Channel
Exhibit 44 Market Share and Market Size of Water Heater by Distribution Channel 2020
Exhibit 45 Factors Promoting Offline Sales of Water Heaters
Exhibit 46 Classification of Offline Distribution Channels
Exhibit 47 US Water Heater Market by Offline Distribution Channel 2020–2026 ($ million)
Exhibit 48 Classification of Online Distribution Channels
Exhibit 49 US Water Heater Market by Online Distribution Channel 2020–2026 ($ million)
Exhibit 50 Incremental Growth by End User 2020 & 2026
Exhibit 51 Classification of Water Heaters Based on End User
Exhibit 52 Key End-User Insights 2019–2020
Exhibit 53 Average Growth in Single-Family Housing Units Sold in US 2014–2019 (Thousand Units)
Exhibit 54 Average Growth in Number of Multi-family Housing Units Built for Rent in US 2014–2019 (thousand units)
Exhibit 55 US Water Heater Market by Residential Segment 2020–2026 ($ million)
Exhibit 56 Market Share and CAGR of Commercial Segment in US Water Heater Market 2020 (%)
Exhibit 57 Growth Drivers for Water Heaters in Healthcare Industry
Exhibit 58 US Water Heater Market by Commercial Sector 2020–2026 ($ million)
Exhibit 59 Incremental Growth by Geography 2020 & 2026
Exhibit 60 Factors Supporting Growth of US Water Heater Market
Exhibit 61 Growth Momentum & Market Share by Region 2020
Exhibit 62 Market Size of Midwestern US 2020–2026 ($ million)
Exhibit 63 Midwest US Water Heater Market 2020–2026 ($ million)
Exhibit 64 Northeast US Water Heater Market 2020–2026 ($ million)
Exhibit 65 Size & CAGR of South US Water Heater Market ($ million)
Exhibit 66 South US Water Heater Market 2020–2026 ($ million)
Exhibit 67 Factors Influencing Demand for Water Heaters in West US
Exhibit 68 Comparison of New Housing Unit Permits in California 2020–2021
Exhibit 69 West US Water Heater Market 2020–2026 ($ million)
LIST OF TABLES
Table 1 Key Caveats
Table 2 Currency Conversion 2013–2020
Table 3 Solar Water Heater Vs. Heat Pump Water Heater
Table 4 Impact of COVID-19 on Various Factors Related to Water Heater Market
Table 5 US Gas & Oil Water Heater Market 2020–2026 ($ million) (Region)
Table 6 US Electric Water Heater Market 2020–2026 ($ million) (Region)
Table 7 US Heat Pump Water Heater Market 2020–2026 ($ million) (Region)
Table 8 US Solar Water Heater Market 2020–2026 ($ million) (Region)
Table 9 Storage v/s Instant Water Heater
Table 10 US Storage Water Heater Market 2020–2026 ($ million) (Region)
Table 11 US Instant Water Heater Market 2020–2026 ($ million) (Region)
Table 12 US Water Heater Market by Offline Distribution Channel 2020–2026 ($ million) (Region)
Table 13 US Water Heater Market by Online Distribution Channel 2020–2026 ($ million) (Region)
Table 14 US Water Heater Market by Residential Segment 2020–2026 ($ million) (Region)
Table 15 US Water Heater Market by Commercial Sector 2020–2026 ($ million) (Region)
Table 16 Midwest US Water Heater Market by Product Type 2020–2026 ($ million)
Table 17 Midwest US Water Heater Market by Category 2020–2026 ($ million)
Table 18 Midwest US Water Heater Market by End User 2020–2026 ($ million)
Table 19 Midwest US Water Heater Market by Distribution Channel 2020–2026 ($ million)
Table 20 Population & Median Household Income of Key Northeastern US States 2019
Table 21 Northeast US Water Heater Market by Product Type 2020–2026 ($ million)
Table 22 Northeast US Water Heater Market by Category 2020–2026 ($ million)
Table 23 Northeast US Water Heater Market by End User 2020–2026 ($ million)
Table 24 Northeast US Water Heater Market by Distribution Channel 2020–2026 ($ million)
Table 25 South US Water Heater Market by Product Type 2020–2026 ($ million)
Table 26 South US Water Heater Market by Category 2020–2026 ($ million)
Table 27 South US Water Heater Market by End User 2020–2026 ($ million)
Table 28 South US Water Heater Market by Distribution Channel 2020–2026 ($ million)
Table 29 West US Water Heater Market by Product Type 2020–2026 ($ million)
Table 30 West US Water Heater Market by Category 2020–2026 ($ million)
Table 31 West US Water Heater Market by End User 2020–2026 ($ million)
Table 32 West US Water Heater Market by Distribution Channel 2020–2026 ($ million)
Table 33 A.O. Smith: Major Product Offerings
Table 34 Bradford White: Major Product Offerings
Table 35 Rheem Manufacturing Company: Major Product Offerings
Table 36 Rinnai America Corporation: Major Product Offerings
Table 37 Lochinvar: Major Product Offerings
Table 38 General Electric: Major Product Offerings
Table 39 HTP: Major Product Offerings
Table 40 Hubbell Water Heaters: Major Product Offerings
Table 41 Intellihot: Major Product Offerings
Table 42 Navien: Major Product Offerings
Table 43 Noritz America Corporation: Major Product Offerings
Table 44 Rinnai America Corporation: Major Product Offerings
Table 45 State Water Heaters: Major Product Offerings
Table 46 Stiebel Eltron: Major Product Offerings
Table 47 Watts Water Technologies: Major Product Offerings
Table 48 Westinghouse Electric Company: Major Product Offerings
Table 49 Whirlpool: Major Product Offerings
Table 50 US Water Heater Market by Region 2020–2026 ($ million)
Table 51 US Water Heater Market by Region 2020–2026 (Revenue %)
Table 52 Midwest US Water Heater Market by Product Type 2020–2026 ($ million)
Table 53 Midwest US Water Heater Market by Category 2020–2026 ($ million)
Table 54 Midwest US Water Heater Market by End User 2020–2026 ($ million)
Table 55 Midwest US Water Heater Market by Distribution Channel 2020–2026 ($ million)
Table 56 Northeast US Water Heater Market by Product Type 2020–2026 ($ million)
Table 57 Northeast US Water Heater Market by Category 2020–2026 ($ million)
Table 58 Northeast US Water Heater Market by End User 2020–2026 ($ million)
Table 59 Northeast US Water Heater Market by Distribution Channel 2020–2026 ($ million)
Table 60 South US Water Heater Market by Product Type 2020–2026 ($ million)
Table 61 South US Water Heater Market by Category 2020–2026 ($ million)
Table 62 South US Water Heater Market by End User 2020–2026 ($ million)
Table 63 South US Water Heater Market by Distribution Channel 2020–2026 ($ million)
Table 64 West US Water Heater Market by Product Type 2020–2026 ($ million)
Table 65 West US Water Heater Market by Category 2020–2026 ($ million)
Table 66 West US Water Heater Market by End User 2020–2026 ($ million)
Table 67 West US Water Heater Market by Distribution Channel 2020–2026 ($ million)
Table 68 US Water Heater Market by Product Type 2020–2026 ($ million)
Table 69 US Water Heater Market by Product Type 2020–2026 (Revenue %)
Table 70 US Water Heater Market by Category 2020–2026 ($ million)
Table 71 US Water Heater Market by Category 2020–2026 (Revenue %)
Table 72 US Water Heater Market by End User 2020–2026 ($ million)
Table 73 US Water Heater Market by End User 2020–2026 (Revenue %)
Table 74 US Water Heater Market by Distribution Channel 2020–2026 ($ million)
Table 75 US Water Heater Market by Distribution Channel 2020–2026 (Revenue %)
Single User Licence
5 User Licence
Corporate Licence
Datasheet Licence
"The report by Arizton was spot on. It not only gave us insight into the pro audio market, we used it to raise funds for our company. The data proved (to the VC we pitched to) that the market was large enough for our company to not only survive but also grow."
