Point-of-use Electric Mini-tank Water Heaters Market Revenue was valued at USD 1.2 Billion in 2024 and is estimated to reach USD 2.5 Billion by 2033, growing at a CAGR of 9.2% from 2026 to 2033.
In 2024, the global electric mini tank water heaters market was valued at $119.4 million, with regional distributions as follows: North America accounted for $32.5 million, Europe $28.7 million, Asia Pacific $39.8 million, South America $10.6 million, and the Middle East & Africa $7.8 million. Segment wise, units with capacities less than 2 gallons generated $44.6 million, those between 2.1 to 5 gallons $54.7 million, and 5.1 to 7 gallons $20.1 million. The residential sector contributed $79.2 million, while the commercial sector added $40.2 million to the market.The market is projected to grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2030, reaching an estimated $172.3 million by 2030. This growth is driven by increasing demand for energy efficient water heating solutions, particularly in regions like Asia Pacific, which leads in market size. Technological advancements and rising consumer awareness about energy conservation present significant opportunities for market expansion, especially in residential applications.
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Bosch
Rheem
A. O. Smith
Stiebel Eltron
Bradford White Corporation
Eemax
Hubbell
Atmor
Eccotemp Systems
Drakken
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. 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 Global Point-of-use Electric Mini-tank Water Heaters Market
Under-sink Mini-tank Water Heaters
Point-of-use Mini-tank Water Heaters
Wall-mounted Mini-tank Water Heaters
Portable Mini-tank Water Heaters
2.5 Gallon Mini-tank Water Heaters
4 Gallon Mini-tank Water Heaters
6 Gallon Mini-tank Water Heaters
10 Gallon Mini-tank Water Heaters
Residential
Commercial
Industrial
Healthcare Facilities
Traditional Electric Resistance Heating
Heat Pump Technology
Instantaneous Heating Technology
Hybrid Heating Systems
Online Retail
Offline Retail (Home Improvement Stores)
Wholesale Distributors
Direct Sales via Manufacturers
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Point-of-use Electric Mini-tank Water Heaters 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. Global Point-of-use Electric Mini-tank Water Heaters Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Point-of-use Electric Mini-tank Water Heaters Market, By Type
6. Global Point-of-use Electric Mini-tank Water Heaters Market, By Application
7. Global Point-of-use Electric Mini-tank Water Heaters Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Point-of-use Electric Mini-tank Water Heaters Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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