Germany Electric Water Heater Market (2020-2026) | Growth, COVID-19 IMPACT, Size, Share, Value, Companies, Forecast, Outlook, Trends, Analysis, Industry & Revenue

Germany electric water heater market is expected to register sound market growth in the coming years on the back of the rising adoption of the product in the residential domain owing to the changing climatic conditions in the country which is increasing the demand for hot water for bathing and other activities. A spur in the technological upgradations in the homeware products along with an increase in the discretionary spending of the country’s population is anticipated to trigger the market growth for electric water heaters in Germany in the coming years and offer a wide scope to the local manufacturers to widen their profit scope with increased investment in the foreseeable future.

According to 6Wresearch, the Germany Electric Water Heater Market size is projected to grow throughout the forecast period 2020-26F. The rising spread of the COVID-19 virus has disturbed the overall production of the electric water heaters backed by the nationwide lockdown imposed to contain the effect of the spread of the pandemic which has led to a significant disturbance in the sales of electric water heaters in the country and has contributed towards the slow growth of the market. However, increased residential use of water coupled with an increased need for bathing and hygienic activities to combat the effect of COVID-19 spread has led to an increased demand for hot water, which in turn instigated prospectus demand for electric water heaters and simultaneously benefit the growth of the Germany electric water heater market.

The up to 100 litres domain segment of the electric water heaters is anticipated to register the highest growth rate in the coming years on the back of the rising deployment of the electric water heaters in the residential domain owing to rising hygiene and health concerns. Also, with the maximum water consumption up to 70-90 litres per day, the demand for up to 100 litres of electric water heaters is expected to be witnessed at a strong pace and is anticipated to benefit the potential growth of the Germany electric water heater market in the upcoming six years.

The Germany electric water heater market report comprehensively covers the Germany electric water heater market by product, capacity and applications. Germany electric water heater market report provides an unbiased and detailed analysis of the Germany electric water heater market trends, Germany electric water heater market share, opportunities/high growth areas, market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.

Germany electric water heater market is projected to witness optimistic growth in the years ahead on the back of the emerging renewable energy production in the country. Further, the rising government action in developing solar panels infrastructure underpinned by reducing carbon dioxide emission along with try to reduce fossil fuel import dependency. Moreover, the rising renewable energy panels are forecasted to support the demand for solar water heaters considerably and are estimated to leave a positive impact on the market growth of the Germany electric water heaters in the impending period.

The key players of the market are Siemens AG, Midea Group, Whirlpool Corporation, Haier Smart Home Co. Ltd, Bosch Group, Alfa Laval, AO Smith Corporation, Viessmann Group.

Key Highlights:         

• Germany Electric water heater Market Overview
• Germany Electric Water Heater Market Outlook
• Germany Electric Water Heater Market Forecast
• Germany Electric Water Heater Market Size
• Historical Data of Germany Electric Water Heater Market Revenues and Volume for the period, 2017-2019
• Germany Electric Water Heater Market Forecast of Revenues and Volume, Until 2026
• Historical Data of Germany Electric Water Heater Market Revenues and Volume for the period, By Product, 2017-2019
• Forecast of Germany Electric Water Heater Market Revenues and Volume, By Product, Until 2026
• Historical Data of Germany Electric Water Heater Market Revenues and Volume for the period, By Capacity, 2017-2019
• Forecast of Germany Electric Water Heater Market Revenues and Volume, By Capacity, Until 2026
• Historical Data of Germany Electric Water Heater Market Revenues for the period, By Applications, 2017-2019
• Forecast of Germany Electric Water Heater Market Revenues, By Applications, Until 2026
• Germany Electric Water Heater Market Outlook on Drivers and Restraints
• Germany Electric Water Heater Market Trends
• Germany Electric Water Heater Industry Life Cycle
• Porter’s Five Force Analysis
• Germany Electric Water Heater Market Opportunity Assessment
• Germany Electric Water Heater Market Share, By Company
• Germany Electric Water Heater Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered:

• By Product:
  
• Storage Water Heaters
• Up to 30 Litres
• 1 to 100 Litres
• 1 to 250 Litres
• 1 to 400 Litres
• Above 400 Litres
  
  
• Non-Storage Water Heaters
  
  
• By Applications:
• Residential
• Commercial
• Industrial