France Water Heater Market Size & Outlook, 2023-2030
France water heater market, 2018-2030 (US$M)
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France water heater market highlights
- The France water heater market generated a revenue of USD 1,112.8 million in 2023 and is expected to reach USD 1,451.3 million by 2030.
- The France market is expected to grow at a CAGR of 3.9% 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 1,112.8 million |
| Market revenue in 2030 | USD 1,451.3 million |
| Growth rate | 3.9% (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, France accounted for 3.8% 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 Europe, Germany water heater market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 1,435.1 million by 2030.
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Water Heater Market Scope
Water Heater Market Companies
| Name | Profile | # Employees | HQ | Website |
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France 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 55.97% in 2023. Horizon Databook has segmented the France water heater market based on electric, solar, gas covering the revenue growth of each sub-segment from 2018 to 2030.
The COVID-19 pandemic significantly impacted the French economy along with other European nations. The GDP of France decreased by 8.2% in 2020, which was far more than the Eurozone average of GDP decline.
The government still was able to mitigate the decline by implementing the partial unemployment plan in 2020. This resulted in a slight decline in employment by 1.1% and consumer spending power was protected in 2020.
To reduce the country’s carbon footprint, France has revised its thermal regulations in the form of RT2020, which ensures that all new buildings incorporate renewable energy systems for producing electricity, heating (heat pumps and other equipment), hot water, and water (rainwater harvesting).
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Horizon Databook provides a detailed overview of country-level data and insights on the France water heater market , including forecasts for subscribers. This country databook contains high-level insights into France water heater market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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France water heater market size, by product, 2018-2030 (US$M)
France Water Heater Market Outlook Share, 2023 & 2030 (US$M)
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