Japan Water Heater Market Size & Outlook, 2023-2030
Japan water heater market, 2018-2030 (US$M)
Related Markets
Japan water heater market highlights
- The Japan water heater market generated a revenue of USD 2,023.1 million in 2023 and is expected to reach USD 2,747.5 million by 2030.
- The Japan market is expected to grow at a CAGR of 4.5% from 2024 to 2030.
- In terms of segment, electric was the largest revenue generating product in 2023.
- Gas 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 2,023.1 million |
| Market revenue in 2030 | USD 2,747.5 million |
| Growth rate | 4.5% (CAGR from 2023 to 2030) |
| Largest segment | Electric |
| Fastest growing segment | Gas |
| 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, Japan accounted for 6.9% 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 Asia Pacific, China water heater market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,661.8 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Water Heater Market Scope
Water Heater Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Japan 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 47.62% in 2023. Horizon Databook has segmented the Japan water heater market based on electric, solar, gas covering the revenue growth of each sub-segment from 2018 to 2030.
According to the World Bank, the Japanese economy contracted by 4.8% in 2020 due to the COVID19 pandemic. According to World Health Organization (WHO), the country is still struggling to overcome the pandemic with the number of cases rising steeply and the cumulative case count reaching 683,175 as of May 17, 2021.
The government of Japan declared a state of emergency on April 23, 2021, as the number of cases continues to rise. The Bank of Japan has forecasted a 4% growth in GDP for 2021-22 and 2.4% growth for 2022-23.
Further, in 2020, the government of Japan announced a stimulus of around USD 671.0 billion to support the economy and is likely to introduce more stimulus as the country struggles to make an economic rebound.
Reasons to subscribe to Japan water heater market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Japan water heater market databook
-
Our clientele includes a mix of water heater market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Japan water heater market , including forecasts for subscribers. This country databook contains high-level insights into Japan water heater market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Japan water heater market size, by product, 2018-2030 (US$M)
Japan Water Heater Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
