Report Detail
Global Smart Water Heaters Market Report 2018-2029
- RnM3861576 |
- 22 August, 2023 |
- Global |
- 134 Pages |
- HJResearch |
- Consumer Goods
The Smart Water Heaters industry has been rapidly gaining attention in recent years, fueled by the growing demand for energy-efficient solutions in the residential and commercial sectors. Smart Water Heaters, also known as demand response water heaters, are innovative devices that use advanced technologies such as Wi-Fi connectivity, sensors, and algorithms to provide an energy-efficient and sustainable solution to heating water.
Smart Water Heaters are primarily used in residential and commercial buildings, including hotels and others, where they offer significant cost savings and energy efficiency benefits. These smart devices operate by reducing the amount of energy required to heat water by utilizing sensors and algorithms to detect and adjust the water temperature. This not only leads to lower energy bills but also helps in reducing carbon emissions and improving the overall sustainability of the building.
According to market research, the global Smart Water Heaters market size is expected to reach US$2833 million by 2022, with a compound annual growth rate (CAGR) of 11.7%. This highlights the immense growth potential of this industry and signifies the increasing adoption of Smart Water Heaters across various sectors.
One of the major players in this industry is Rheem Manufacturing, a global manufacturer of heating, cooling, and water heating products. The company offers a range of Smart Water Heaters that are highly energy-efficient and feature advanced technologies such as Wi-Fi connectivity and intelligent sensors.
Other prominent manufacturers include Aquanta, Smartenit, EcoSmart, Mclimate (Bobbie), A.O.Smith, Robert Bosch, Ariston, Whirlpool, Haier, Midea Group, Rinnai, Teka, HTP, Heatworks, and V-guard (Verano). These companies are increasingly investing in research and development to enhance their product offerings and offer innovative solutions to their customers.
In conclusion, the Smart Water Heaters industry is on track to witness robust growth in the coming years, driven by the increasing demand for energy-efficient and sustainable solutions. The industry outlook appears promising, with numerous players investing in technology and product innovation to capitalize on this growing trend.
The SWOT analysis of the Smart Water Heaters industry is as follows:
Strengths:
1. Energy efficiency: Smart water heaters consume less energy compared to conventional water heaters, thus helping households save on their electricity bills.
2. Convenience: Smart water heaters can be controlled remotely via a mobile app, enabling users to schedule heating times and adjust water temperature without having to be physically present.
3. Increased lifespan: Smart water heaters have a longer lifespan compared to conventional water heaters, hence reducing the need for frequent replacements.
4. Improved safety: Smart water heaters come with features such as automatic shut-off, overheat protection, and leak detection, making them safer to use.
Weaknesses:
1. High initial cost: Smart water heaters are typically more expensive than conventional water heaters, making them less accessible to low-income households.
2. Dependence on smart technology: In the case of a system failure, users may not be able to control or monitor their water heaters.
3. Limited compatibility: Smart water heaters may not be compatible with all home automation systems and devices, limiting their usage in smart homes.
Opportunities:
1. Growing demand for smart homes: With the rise of connected devices and the Internet of Things, there is a growing demand for smart home appliances, including water heaters.
2. Government incentives: Governments worldwide are offering incentives and subsidies to encourage the adoption of energy-efficient appliances, stimulating demand for smart water heaters.
3. Increased awareness and education: Educating consumers on the benefits of smart water heaters and how they can help reduce energy usage can help increase adoption rates.
Threats:
1. Competition from conventional water heaters: Conventional water heaters are still widely used, and consumers may be hesitant to switch to an unfamiliar technology.
2. Cybersecurity risks: As with any connected device, smart water heaters are vulnerable to cybersecurity risks, such as hacking and data breaches.
3. Economic instability: Economic instability can lead to decreased consumer spending, which can negatively impact the smart water heater market.
Key players in global Smart Water Heaters market include:
Rheem Manufacturing
Aquanta
Smartenit
EcoSmart
Mclimate (Bobbie)
A.O.Smith
Robert Bosch
Ariston
Whirlpool
Haier
Midea Group
Rinnai
Teka
HTP
Heatworks
V-guard (Verano)
Market segmentation, by product types:
Wi-Fi
Bluetooth
Others
Market segmentation, by applications:
Home Used
Hotel
Others
1 Industry Overview of Smart Water Heaters
- 1.1 Research Scope
- 1.2 Market Segmentation by Types of Smart Water Heaters
- 1.3 Market Segmentation by End Users of Smart Water Heaters
- 1.4 Market Dynamics Analysis of Smart Water Heaters
- 1.4.1 Market Drivers
- 1.4.2 Market Challenges
- 1.4.3 Market Opportunities
- 1.4.4 Porter’s Five Forces
2 Major Manufacturers Analysis of Smart Water Heaters Industry
- 2.1 Rheem Manufacturing
- 2.1.1 Company Overview
- 2.1.2 Main Products and Specifications
- 2.1.3 Smart Water Heaters Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.1.4 Contact Information
- 2.2 Aquanta
- 2.2.1 Company Overview
- 2.2.2 Main Products and Specifications
- 2.2.3 Smart Water Heaters Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.2.4 Contact Information
- 2.3 Smartenit
- 2.3.1 Company Overview
- 2.3.2 Main Products and Specifications
- 2.3.3 Smart Water Heaters Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.3.4 Contact Information
- 2.4 EcoSmart
- 2.4.1 Company Overview
- 2.4.2 Main Products and Specifications
- 2.4.3 Smart Water Heaters Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.4.4 Contact Information
- 2.5 Mclimate (Bobbie)
- 2.5.1 Company Overview
- 2.5.2 Main Products and Specifications
- 2.5.3 Smart Water Heaters Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.5.4 Contact Information
- 2.6 A.O.Smith
- 2.6.1 Company Overview
- 2.6.2 Main Products and Specifications
- 2.6.3 Smart Water Heaters Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.6.4 Contact Information
- 2.7 Robert Bosch
- 2.7.1 Company Overview
- 2.7.2 Main Products and Specifications
- 2.7.3 Smart Water Heaters Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.7.4 Contact Information
- 2.8 Ariston
- 2.8.1 Company Overview
- 2.8.2 Main Products and Specifications
- 2.8.3 Smart Water Heaters Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.8.4 Contact Information
- 2.9 Whirlpool
- 2.9.1 Company Overview
- 2.9.2 Main Products and Specifications
- 2.9.3 Smart Water Heaters Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.9.4 Contact Information
- 2.10 Haier
- 2.10.1 Company Overview
- 2.10.2 Main Products and Specifications
- 2.10.3 Smart Water Heaters Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.10.4 Contact Information
- 2.11 Midea Group
- 2.11.1 Company Overview
- 2.11.2 Main Products and Specifications
- 2.11.3 Smart Water Heaters Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.11.4 Contact Information
- 2.12 Rinnai
- 2.12.1 Company Overview
- 2.12.2 Main Products and Specifications
- 2.12.3 Smart Water Heaters Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.12.4 Contact Information
- 2.13 Teka
- 2.13.1 Company Overview
- 2.13.2 Main Products and Specifications
- 2.13.3 Smart Water Heaters Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.13.4 Contact Information
- 2.14 HTP
- 2.14.1 Company Overview
- 2.14.2 Main Products and Specifications
- 2.14.3 Smart Water Heaters Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.14.4 Contact Information
- 2.15 Heatworks
- 2.15.1 Company Overview
- 2.15.2 Main Products and Specifications
- 2.15.3 Smart Water Heaters Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.15.4 Contact Information
- 2.16 V-guard (Verano)
- 2.16.1 Company Overview
- 2.16.2 Main Products and Specifications
- 2.16.3 Smart Water Heaters Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.16.4 Contact Information
3 Global Smart Water Heaters Market Analysis by Regions, Manufacturers, Types and End Users
- 3.1 Global Sales Volume and Revenue of Smart Water Heaters by Regions (2018-2023)
- 3.2 Global Sales Volume and Revenue of Smart Water Heaters by Manufacturers (2018-2023)
- 3.3 Global Sales Volume and Revenue of Smart Water Heaters by Types (2018-2023)
- 3.4 Global Sales Volume and Revenue of Smart Water Heaters by End Users (2018-2023)
- 3.5 Selling Price Analysis of Smart Water Heaters by Regions, Manufacturers, Types and End Users in (2018-2023)
4 Northern America Smart Water Heaters Market Analysis by Countries, Types and End Users
- 4.1 Northern America Smart Water Heaters Sales Volume and Revenue Analysis by Countries (2018-2023)
- 4.2 Northern America Smart Water Heaters Sales Volume and Revenue Analysis by Types (2018-2023)
- 4.3 Northern America Smart Water Heaters Sales Volume and Revenue Analysis by End Users (2018-2023)
- 4.4 United States Smart Water Heaters Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 4.5 Canada Smart Water Heaters Sales Volume, Revenue, Import and Export Analysis (2018-2023)
5 Europe Smart Water Heaters Market Analysis by Countries, Types and End Users
- 5.1 Europe Smart Water Heaters Sales Volume and Revenue Analysis by Countries (2018-2023)
- 5.2 Europe Smart Water Heaters Sales Volume and Revenue Analysis by Types (2018-2023)
- 5.3 Europe Smart Water Heaters Sales Volume and Revenue Analysis by End Users (2018-2023)
- 5.4 Germany Smart Water Heaters Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 5.5 France Smart Water Heaters Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 5.6 UK Smart Water Heaters Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 5.7 Italy Smart Water Heaters Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 5.8 Russia Smart Water Heaters Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 5.9 Spain Smart Water Heaters Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 5.10 Netherlands Smart Water Heaters Sales Volume, Revenue, Import and Export Analysis (2018-2023)
6 Asia Pacific Smart Water Heaters Market Analysis by Countries, Types and End Users
- 6.1 Asia Pacific Smart Water Heaters Sales Volume and Revenue Analysis by Countries (2018-2023)
- 6.2 Asia Pacific Smart Water Heaters Sales Volume and Revenue Analysis by Types (2018-2023)
- 6.3 Asia Pacific Smart Water Heaters Sales Volume and Revenue Analysis by End Users (2018-2023)
- 6.4 China Smart Water Heaters Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 6.5 Japan Smart Water Heaters Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 6.6 Korea Smart Water Heaters Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 6.7 India Smart Water Heaters Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 6.8 Australia Smart Water Heaters Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 6.9 Indonesia Smart Water Heaters Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 6.10 Vietnam Smart Water Heaters Sales Volume, Revenue, Import and Export Analysis (2018-2023)
7 Latin America Smart Water Heaters Market Analysis by Countries, Types and End Users
- 7.1 Latin America Smart Water Heaters Sales Volume and Revenue Analysis by Countries (2018-2023)
- 7.2 Latin America Smart Water Heaters Sales Volume and Revenue Analysis by Types (2018-2023)
- 7.3 Latin America Smart Water Heaters Sales Volume and Revenue Analysis by End Users (2018-2023)
- 7.4 Brazil Smart Water Heaters Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 7.5 Mexico Smart Water Heaters Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 7.6 Argentina Smart Water Heaters Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 7.7 Colombia Smart Water Heaters Sales Volume, Revenue, Import and Export Analysis (2018-2023)
8 Middle East & Africa Smart Water Heaters Market Analysis by Countries, Types and End Users
- 8.1 Middle East & Africa Smart Water Heaters Sales Volume and Revenue Analysis by Countries (2018-2023)
- 8.2 Middle East & Africa Smart Water Heaters Sales Volume and Revenue Analysis by Types (2018-2023)
- 8.3 Middle East & Africa Smart Water Heaters Sales Volume and Revenue Analysis by End Users (2018-2023)
- 8.4 Turkey Smart Water Heaters Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 8.5 Saudi Arabia Smart Water Heaters Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 8.6 South Africa Smart Water Heaters Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 8.7 Egypt Smart Water Heaters Sales Volume, Revenue, Import and Export Analysis (2018-2023)
9 Marketing Channel, Distributors and Traders Analysis
- 9.1 Marketing Channel
- 9.1.1 Direct Channel
- 9.1.2 Indirect Channel
- 9.2 Distributors and Traders
10 Global Smart Water Heaters Market Forecast by Regions, Countries, Manufacturers, Types and End Users
- 10.1 Global Sales Volume and Revenue Forecast of Smart Water Heaters by Regions (2024-2029)
- 10.2 Global Sales Volume and Revenue Forecast of Smart Water Heaters by Types (2024-2029)
- 10.3 Global Sales Volume and Revenue Forecast of Smart Water Heaters by End Users (2024-2029)
- 10.4 Global Revenue Forecast of Smart Water Heaters by Countries (2024-2029)
- 10.4.1 United States Revenue Forecast (2024-2029)
- 10.4.2 Canada Revenue Forecast (2024-2029)
- 10.4.3 Germany Revenue Forecast (2024-2029)
- 10.4.4 France Revenue Forecast (2024-2029)
- 10.4.5 UK Revenue Forecast (2024-2029)
- 10.4.6 Italy Revenue Forecast (2024-2029)
- 10.4.7 Russia Revenue Forecast (2024-2029)
- 10.4.8 Spain Revenue Forecast (2024-2029)
- 10.4.9 Netherlands Revenue Forecast (2024-2029)
- 10.4.10 China Revenue Forecast (2024-2029)
- 10.4.11 Japan Revenue Forecast (2024-2029)
- 10.4.12 Korea Revenue Forecast (2024-2029)
- 10.4.13 India Revenue Forecast (2024-2029)
- 10.4.14 Australia Revenue Forecast (2024-2029)
- 10.4.15 Indonesia Revenue Forecast (2024-2029)
- 10.4.16 Vietnam Revenue Forecast (2024-2029)
- 10.4.17 Brazil Revenue Forecast (2024-2029)
- 10.4.18 Mexico Revenue Forecast (2024-2029)
- 10.4.19 Argentina Revenue Forecast (2024-2029)
- 10.4.20 Colombia Revenue Forecast (2024-2029)
- 10.4.21 Turkey Revenue Forecast (2024-2029)
- 10.4.22 Saudi Arabia Revenue Forecast (2024-2029)
- 10.4.23 South Africa Revenue Forecast (2024-2029)
- 10.4.24 Egypt Revenue Forecast (2024-2029)
11 Industry Chain Analysis of Smart Water Heaters
- 11.1 Upstream Major Raw Materials and Equipment Suppliers Analysis of Smart Water Heaters
- 11.1.1 Major Raw Materials Suppliers with Contact Information Analysis of Smart Water Heaters
- 11.1.2 Major Equipment Suppliers with Contact Information Analysis of Smart Water Heaters
- 11.2 Downstream Major Consumers Analysis of Smart Water Heaters
- 11.3 Major Suppliers of Smart Water Heaters with Contact Information
- 11.4 Supply Chain Relationship Analysis of Smart Water Heaters
12 Smart Water Heaters New Project Investment Feasibility Analysis
- 12.1 Smart Water Heaters New Project SWOT Analysis
- 12.2 Smart Water Heaters New Project Investment Feasibility Analysis
- 12.2.1 Project Name
- 12.2.2 Investment Budget
- 12.2.3 Project Product Solutions
- 12.2.4 Project Schedule
13 Smart Water Heaters Research Findings and Conclusion
14 Appendix
- 14.1 Research Methodology
- 14.2 References and Data Sources
- 14.2.1 Primary Sources
- 14.2.2 Secondary Paid Sources
- 14.2.3 Secondary Public Sources
- 14.3 Abbreviations and Units of Measurement
- 14.4 Author Details
Summary:
Get latest Market Research Reports on Smart Water Heaters. Industry analysis & Market Report on Smart Water Heaters is a syndicated market report, published as Global Smart Water Heaters Market Report 2018-2029. It is complete Research Study and Industry Analysis of Smart Water Heaters market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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