European water heater market is anticipated to grow at a CAGR 5.4% during the forecast period. European water heater market growth depends on the widespread application of the water heaters in residential and commercial sector. European industrial sector constitutes huge number of industries of various segments including manufacturing, food & beverages, energy, pharmaceutical which are considered as potential end-users for the water heaters. Moreover, European countries require ample amount of water heating facilities in order to meet the required environmental conditions due to extreme cold conditions. 

According to EurobservÉR, total sale of appliances in heating and cooling sector technologies had increased by 20% from 2,212,898 units in 2014 to 2,655,331 units in 2015 in European Union. The increase is due to the growth in installations of water heating equipment in both residential and commercial segment in various European countries. In residential sector, water heating is required for residential buildings, gas storage, and others which are generating substantial demand; while in commercial sector, heating is required in various commercial buildings such as shopping malls, retail shops, supermarkets, hotels and others. However, due to governmental policies in European Union, shift is observed towards modern water heaters based on renewable resources such as gas, wind, hybrid, and solar.

In residential and commercial sector, water heating is utilized for space heating, cooking, sanitary applications, and various others. The energy consumption is estimated to increase further due to implementation of renewable energy. In residential sector, the water heating capacity is increasing and one of the major factors attributing to the increased adoption is significant urbanization in European countries. The major players of the market include A.O. Smith Corp., Bajaj Electricals, Ltd., Rheem Manufacturing Co. Inc., Robert Bosch GmbH, Bandini Scaldabagni SPA, General Electric Co., Haier Group Corp., NUOVA IMAS Srl and Ariston Thermo SPA.

Research Methodology

The market study of the European Water Heater market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for the electronic industry, ICT (Information and Communication Technology) and other related companies for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. European Water Heater Market Research and Analysis by Energy Source

2. European Water Heater Market Research and Analysis by Mode of Water Supply 

3. European Water Heater Market Research and Analysis by End-User

The Report Covers

• Comprehensive research methodology of the European Water Heater market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the European Water Heater market.
• Insights about market determinants which are stimulating the European Water Heater market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.