Japan Commercial Electric Water Heater Market was valued at USD 0.8 Billion in 2022 and is projected to reach USD 1.2 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
The commercial electric water heater market in Japan is experiencing significant growth, driven by technological advancements and a shift towards energy-efficient solutions. Industries such as hospitality, healthcare, and manufacturing are increasingly adopting electric water heaters to meet their specific hot water requirements.
Market Overview
In 2023, the Japanese water heater market generated a revenue of USD 2,023.1 million, with projections indicating an increase to USD 2,747.5 million by 2030. Electric water heaters emerged as the largest revenue-generating segment in 2023, highlighting their dominance in the market. The market is anticipated to grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2030, with gas water heaters registering the fastest growth during the forecast period. citeturn0search2
Types of Commercial Electric Water Heaters
Storage Water Heaters: These heaters store hot water for immediate use, making them suitable for establishments with high and consistent hot water demand.
Tankless (On-Demand) Water Heaters: Providing hot water only when needed, tankless heaters offer energy efficiency and are ideal for businesses aiming to reduce energy consumption.
Heat Pump Water Heaters: Utilizing ambient air to heat water, these systems are highly energy-efficient and are gaining popularity in commercial settings. The heat pump water heater market in Japan is projected to reach USD 3,693.4 million by 2030, with a CAGR of 12.1% from 2025 to 2030. citeturn0search11
Industry Requirements
Different industries in Japan have specific hot water requirements:
Hospitality: Hotels and resorts require reliable and abundant hot water for guest comfort, necessitating high-capacity and efficient heating solutions.
Healthcare: Hospitals and clinics demand consistent hot water for sanitation and patient care, emphasizing the need for dependable and hygienic water heating systems.
Manufacturing: Industries involved in food processing and pharmaceuticals require precise temperature control and large volumes of hot water, driving the demand for advanced heating technologies.
Energy Efficiency and Sustainability
Japan's commitment to environmental sustainability has led to increased adoption of energy-efficient water heating solutions. Government incentives and subsidies for businesses adopting energy-efficient technologies have further stimulated the commercial water heater market. citeturn0search1 The interest in renewable energy sources is also evident, with a growing trend towards the adoption of solar thermal water heaters and other eco-friendly technologies in the commercial sector.
Conclusion
The Japanese commercial electric water heater market is poised for substantial growth, driven by technological innovations and a strong emphasis on energy efficiency. Industries are increasingly adopting advanced water heating solutions tailored to their specific needs, contributing to the market's expansion and evolution.
Get an In-Depth Research Analysis of the Japan Commercial Electric Water Heater Market Size And Forecast [2025-2032]
A. O. Smith Corp.
Bradford White Corp.
Haier Electronics Group Co. Ltd.
Midea Group Co. Ltd.
Rinnai Corp
Ferroli
Robert Bosch
Rheem Manufacturing
American Water Heaters
Westinghouse
Hubbell Electric Heater Company
Lochinvar
State Industries
Noritz
HTP Comfort Solutions LLC
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan Commercial Electric Water Heater Market
Storage Water Heaters
Tankless Water Heaters
Heat Pump Water Heaters
Solar Water Heaters
Less than 20 Gallons
20 to 50 Gallons
51 to 100 Gallons
More than 100 Gallons
Food and Beverage Industry
Healthcare Facilities
Hospitality Sector
Manufacturing and Industrial Applications
Restaurants and Cafes
Lodging and Accommodations
Healthcare Providers
Educational Institutions
Conventional Electric Units
Smart Water Heaters
Hybrid Water Heaters
Energy-Efficient Models
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Commercial Electric Water Heater Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Commercial Electric Water Heater Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Commercial Electric Water Heater Market, By Type
6. Japan Commercial Electric Water Heater Market, By Application
7. Japan Commercial Electric Water Heater Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Commercial Electric Water Heater Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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