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Water Heaters

Global demand for water heaters is forecast to expand 2.7% p.a. between 2014 and 2018. Currently, electric storage, instant and immersion water heaters account for 37.9% of the global demand while the remaining market share is divided between instantaneous gas water heaters (34.3%) and other non-electric water heaters (27.8%).

China, Japan, Jordan, Philippines and the United States are considered the highest potential markets in the coming years. China, Germany, Japan, Russia and the United States represent the largest water heater markets while the strongest annual growth is forecast to occur in Jordan (13.2%), Philippines (11.5%), Kyrgyzstan (11.3%), Bolivia (10.6%) and Azerbaijan (9.4%).

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