Italy Water Heater Market Size & Outlook, 2023-2030
Italy water heater market, 2018-2030 (US$M)
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Italy water heater market highlights
- The Italy water heater market generated a revenue of USD 1,050.3 million in 2023 and is expected to reach USD 1,435.1 million by 2030.
- The Italy market is expected to grow at a CAGR of 4.6% 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 1,050.3 million |
| Market revenue in 2030 | USD 1,435.1 million |
| Growth rate | 4.6% (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, Italy accounted for 3.6% 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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Italy 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 68.52% in 2023. Horizon Databook has segmented the Italy water heater market based on electric, solar, gas covering the revenue growth of each sub-segment from 2018 to 2030.
The economic outlook of the country does not look promising for the water heater market as the pandemic compounded the already existing problems of infrastructure, governance, and labor market. However, with Next Generation EU grants announced by the European Commission to help recover from the pandemic, Italy is expected to receive the biggest benefit from the EU fund, which is expected to be around USD 230 billion.
Heat pumps and boilers are the preferred heating equipment in Italy. However, water heaters have a huge potential to tap into the heating equipment market, especially in commercial and industrial applications. The government has introduced grants that are proportional to energy savings along with tax rebates for private individuals in case an old heating system is replaced by an energy-efficient heating system.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy water heater market , including forecasts for subscribers. This country databook contains high-level insights into Italy water heater market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy water heater market size, by product, 2018-2030 (US$M)
Italy Water Heater Market Outlook Share, 2023 & 2030 (US$M)
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