Europe Residential Water Heaters Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers European Hot Water Heaters and it is segmented By Product Type(Storage Water Heaters, Non-Storage Water Heaters and Hybrid Water Heaters), By Energy Source Type(Electric, Gas, Solar and Others), By Capacity(Small Water Heater, Medium Water Heater and Large Water Heater), By Distribution Channel (Multi-Branded Stores, Exclusive Stores, Online Stores and Other Distribution Channels) and By Geography (UK, Germany, France, Italy, Russia and Rest of Europe).

Europe Residential Water Heaters Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Europe Residential Water Heaters Market Size

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Europe Residential Water Heaters Market Growth
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 3.00 %
Market Concentration Medium

Major Players

Europe Residential Water Heaters Market Key Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Europe Residential Water Heaters Market with other markets in Home and Property Improvement Industry

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Europe Residential Water Heaters Market Analysis

The Europe Residential Water Heaters Market is expected to register a CAGR of greater than 3% during the forecast period.

COVID - 19 had a drastic impact across the European region and it has disturbed the overall production and installation programs of Electric Water Heaters across the continent. Moreover, the manufacturers have undergone a major downturn in their business cycle as the effects of COVID - 19 have affected both the demand and supply sides.

The Water Heaters are being used in the European residencies from a long time. One of the major reason is relatively lower temperatures across the continent. Of all the Water Heaters used, Tankless Water Heaters are used by a large percentage of the people in Europe, due to the simple installation and less maintenance cost. High energy efficiency of tankless water heater systems when compared with conventional storage units is expected to foster the product demand in the coming years. Germany accounts for the major share of the market owing to the maximum number of installations of tankless Water Heaters in the region. Gas tankless water heater has occupied 54% share of European market whereas 46% is occupied by electric tankless water heaters. However, Electric Water Heaters have achieved high penetration in European market in past few years.

The market growth is further expected to substantiate on account of government mandates pertaining to energy efficiency along with growing demand for replacement of existing Water Heaters. Stringent building standards as per EU towards installation of star rated heating systems will further complement the market scenario. Moreover, adoption of advanced Water Heater units with facilitated water filtration system, corrosion resistance as well as integrated monitoring and remote-control devices will positively influence the industry outlook. All these factors are expected to enhance the market further.

Europe Residential Water Heaters Industry Overview

The report includes an overview of the top players in the Residential Water Heaters Market operating across the European region.The Europe Residential Water Heaters Market is characterized by moderately consolidated players along with some other local players operating across the European continent. The Market is classified as moderately consolidated in terms of market share, even the local players occupy a significant percentage of the market share.

Europe Residential Water Heaters Market Leaders

  1. A.O. Smith

  2. Bosch

  3. Nortiz Corporation

  4. GE Appliances

  5. Bradford White

  6. *Disclaimer: Major Players sorted in no particular order
A.O. Smith, Bosch, Nortiz Corporation, GE Appliances, Bradford White
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Europe Residential Water Heaters Market News

  • On June 2022, Water technology company, A.O. Smith has acquired Atlantic Filter Corporation, a Florida-based water treatment company in an all-cash transaction. The acquisition of Atlantic Filter was intended to further expand the capabilities in Florida and beyond. The collaboration is aimed to deliver innovative, differentiated solutions for water treatment.
  • On May 2022, GE Appliances opened its USD 70 million water heating manufacturing plant in Camden, South Carolina. The site will serve as the company's Center of Excellence for water heater manufacturing and was built for future expansion. The plant is vertically integrated and will produce units starting from coils of steel into water heaters for homes across the United States.

Europe Residential Water Heaters Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. INDUSTRY DYNAMICS AND INSIGHTS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Value Chain / Supply Chain Analysis
  • 4.5 Industry Attractiveness - Porters 5 Force Analysis
    • 4.5.1 Threat of New Entrants
    • 4.5.2 Bargaining Power of Buyers/Consumers
    • 4.5.3 Bargaining Power of Suppliers
    • 4.5.4 Threat of Substitute Products
    • 4.5.5 Intensity of Competitive Rivalry
  • 4.6 Insights of Technology Innovations in the Market
  • 4.7 Impact of COVID-19 on the Market

5. MARKET SEGMENTATION

  • 5.1 By Product Type
    • 5.1.1 Storage Water Heaters
    • 5.1.2 Non-Storage Water Heaters
    • 5.1.3 Hybrid Water Heaters
  • 5.2 By Energy Source
    • 5.2.1 Electric
    • 5.2.2 Gas
    • 5.2.3 Solar
    • 5.2.4 Others
  • 5.3 By Capacity
    • 5.3.1 Small Water Heater
    • 5.3.2 Medium Water Heater
    • 5.3.3 Large Water Heater
  • 5.4 By Distribution Channel
    • 5.4.1 Multi-Branded Stores
    • 5.4.2 Exclusive Stores
    • 5.4.3 Online Stores
    • 5.4.4 Other Distribution Channels
  • 5.5 By Geography
    • 5.5.1 United Kingdom
    • 5.5.2 Germany
    • 5.5.3 France
    • 5.5.4 Italy
    • 5.5.5 Russia
    • 5.5.6 Rest of Europe

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Competition Overview
  • 6.2 Company Profiles
    • 6.2.1 A.O. Smith
    • 6.2.2 Bosch
    • 6.2.3 Nortiz Corporation
    • 6.2.4 GE Appliances
    • 6.2.5 Bradford White
    • 6.2.6 Haier
    • 6.2.7 Whirlpool
    • 6.2.8 Hubbell
    • 6.2.9 Viessmann Group*
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

8. DISCLAIMER AND ABOUT US

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Europe Residential Water Heaters Industry Segmentation

Hot water heaters are appliances used to heat water and to keep it at a more or less constant elevated temperature. A complete background analysis of the Europe Residential Water Heaters Market, which includes an assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, and logistics spending by the end-user industries, is covered in the report. Europe Residential Water Heaters Market is segmented By Product Type(Storage Water Heaters, Non-Storage Water Heaters and Hybrid Water Heaters), By Energy Source Type(Electric, Gas, Solar and Others), By Capacity(Small Water Heater, Medium Water Heater and Large Water Heater), By Distribution Channel (Multi-Branded Stores, Exclusive Stores, Online Stores and Other Distribution Channels) and By Geography (United Kingdom, Germany, France, Italy,Russia and Rest of Europe).

By Product Type Storage Water Heaters
Non-Storage Water Heaters
Hybrid Water Heaters
By Energy Source Electric
Gas
Solar
Others
By Capacity Small Water Heater
Medium Water Heater
Large Water Heater
By Distribution Channel Multi-Branded Stores
Exclusive Stores
Online Stores
Other Distribution Channels
By Geography United Kingdom
Germany
France
Italy
Russia
Rest of Europe
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Europe Residential Water Heaters Market Research FAQs

What is the current Europe Residential Water Heaters Market size?

The Europe Residential Water Heaters Market is projected to register a CAGR of greater than 3% during the forecast period (2025-2030)

Who are the key players in Europe Residential Water Heaters Market?

A.O. Smith, Bosch, Nortiz Corporation, GE Appliances and Bradford White are the major companies operating in the Europe Residential Water Heaters Market.

What years does this Europe Residential Water Heaters Market cover?

The report covers the Europe Residential Water Heaters Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Europe Residential Water Heaters Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Europe Residential Water Heaters Industry Report

Statistics for the 2025 Europe Residential Water Heaters market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Residential Water Heaters analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.