Argentina Water Heater Market Size & Outlook, 2023-2030
Argentina water heater market, 2018-2030 (US$M)
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Argentina water heater market highlights
- The Argentina water heater market generated a revenue of USD 415.4 million in 2023 and is expected to reach USD 593.3 million by 2030.
- The Argentina market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, electric was the largest revenue generating product in 2023.
- Solar is the most lucrative product segment registering the fastest growth during the forecast period.
Water heater market data book summary
| Market revenue in 2023 | USD 415.4 million |
| Market revenue in 2030 | USD 593.3 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Electric |
| Fastest growing segment | Solar |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Electric, Solar, Gas |
| Key market players worldwide | A.O. Smith Corp, Robert Bosch Engineering & Business Solutions, Rinnai Corp, Noritz Corp, Whirlpool Corp, WESCO International Inc, Haier, Lennox International Inc |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.4% of the global water heater market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil water heater market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 593.3 million by 2030.
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Water Heater Market Scope
Water Heater Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina water heater market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to water heater market will help companies and investors design strategic landscapes.
Electric was the largest segment with a revenue share of 57.61% in 2023. Horizon Databook has segmented the Argentina water heater market based on electric, solar, gas covering the revenue growth of each sub-segment from 2018 to 2030.
The Argentine government and other large cities like Rosario have implemented solar thermal ordinances to encourage the use of solar water heaters. The ordinance passed in Rosario, the third largest city in Argentina, requires new or upgraded buildings to complete 50% of their energy demand through solar energy.
The government of Argentina has also implemented energy efficiency labeling requirements for water heaters, which increases consumer awareness of energy savings, thereby, driving the water heater market in Argentina.
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Our clientele includes a mix of water heater market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina water heater market , including forecasts for subscribers. This country databook contains high-level insights into Argentina water heater market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina water heater market size, by product, 2018-2030 (US$M)
Argentina Water Heater Market Outlook Share, 2023 & 2030 (US$M)
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