Global Water Heater Market Size, Share

The Global Water Heater Market Size is expected to reach USD 46.62 Billion by 2032, at a CAGR of 4.37% during the forecast period 2022 to 2032.
Water heaters consume a significant amount of energy in residential establishments. Product manufacturers are striving to develop cost-effective systems, such as tankless water heaters, in response to the implementation of strict legislative requirements.