Report Detail
Global Double-tank Electric Water Heater Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030
- RnM4576060 |
- 29 March, 2024 |
- Global |
- 114 Pages |
- GIR (Global Info Research) |
- Consumer Goods
According to our (Global Info Research) latest study, the global Double-tank Electric Water Heater market size was valued at USD million in 2023 and is forecast to a readjusted size of USD million by 2030 with a CAGR of % during review period.
A double-tank electric water heater is a specialized appliance designed for efficient and consistent hot water supply in residential or commercial settings. Unlike traditional single-tank water heaters, this system features two separate tanks, often operating independently. Each tank typically has its heating element and thermostat, allowing for more precise temperature control and the simultaneous heating of different amounts of water. This design enhances the system's capacity to meet varying hot water demands, making it particularly suitable for households with multiple bathrooms or commercial environments with high water usage. The double-tank configuration ensures a continuous and reliable supply of hot water, as one tank can be heating water while the other is in use. These electric water heaters often incorporate advanced features such as energy-saving modes, programmable settings, and insulation for heat retention. Overall, a double-tank electric water heater offers improved efficiency and flexibility in addressing diverse hot water needs.
The market for double-tank electric water heaters has been evolving in response to the growing demand for efficient and versatile hot water solutions in residential and commercial spaces. The market status reflects a steady adoption of these systems, particularly in larger households and commercial establishments where simultaneous and consistent hot water supply is essential. Market drivers include the increasing emphasis on energy efficiency, reliability, and the desire for advanced features in water heating appliances. The future development trends in the double-tank electric water heater market are anticipated to focus on innovations in smart technologies, such as connectivity features for remote monitoring and control. Integration with renewable energy sources and improved insulation for enhanced energy conservation may also become prominent trends. Additionally, advancements in materials and manufacturing processes may contribute to more durable and sustainable water heating solutions. Inhibitors to the market may include the initial installation costs and potential challenges related to the complexity of dual-tank systems. However, the long-term benefits of energy efficiency and uninterrupted hot water supply are likely to drive continued interest and innovation in the double-tank electric water heater market.
The Global Info Research report includes an overview of the development of the Double-tank Electric Water Heater industry chain, the market status of Household (Below 60L, 60L and Above), Commercial (Below 60L, 60L and Above), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Double-tank Electric Water Heater.
Regionally, the report analyzes the Double-tank Electric Water Heater markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Double-tank Electric Water Heater market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Double-tank Electric Water Heater market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Double-tank Electric Water Heater industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type (e.g., Below 60L, 60L and Above).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Double-tank Electric Water Heater market.
Regional Analysis: The report involves examining the Double-tank Electric Water Heater market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Double-tank Electric Water Heater market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Double-tank Electric Water Heater:
Company Analysis: Report covers individual Double-tank Electric Water Heater manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Double-tank Electric Water Heater This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Household, Commercial).
Technology Analysis: Report covers specific technologies relevant to Double-tank Electric Water Heater. It assesses the current state, advancements, and potential future developments in Double-tank Electric Water Heater areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Double-tank Electric Water Heater market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Double-tank Electric Water Heater market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
Below 60L
60L and Above
Market segment by Application
Household
Commercial
Major players covered
A.O. Smith
Midea
Haier
Xiaomi
Sichuan Changhong Electric
Guangdong Gemake Electric Appliance
Wuxi Little Swan Company
COLMO
Viomi Technology
Hua Tai
Hisense
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Double-tank Electric Water Heater product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Double-tank Electric Water Heater, with price, sales, revenue and global market share of Double-tank Electric Water Heater from 2019 to 2024.
Chapter 3, the Double-tank Electric Water Heater competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Double-tank Electric Water Heater breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Double-tank Electric Water Heater market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Double-tank Electric Water Heater.
Chapter 14 and 15, to describe Double-tank Electric Water Heater sales channel, distributors, customers, research findings and conclusion.
1 Market Overview
- 1.1 Product Overview and Scope of Double-tank Electric Water Heater
- 1.2 Market Estimation Caveats and Base Year
- 1.3 Market Analysis by Type
- 1.3.1 Overview: Global Double-tank Electric Water Heater Consumption Value by Type: 2019 Versus 2023 Versus 2030
- 1.3.2 Below 60L
- 1.3.3 60L and Above
- 1.4 Market Analysis by Application
- 1.4.1 Overview: Global Double-tank Electric Water Heater Consumption Value by Application: 2019 Versus 2023 Versus 2030
- 1.4.2 Household
- 1.4.3 Commercial
- 1.5 Global Double-tank Electric Water Heater Market Size & Forecast
- 1.5.1 Global Double-tank Electric Water Heater Consumption Value (2019 & 2023 & 2030)
- 1.5.2 Global Double-tank Electric Water Heater Sales Quantity (2019-2030)
- 1.5.3 Global Double-tank Electric Water Heater Average Price (2019-2030)
2 Manufacturers Profiles
- 2.1 A.O. Smith
- 2.1.1 A.O. Smith Details
- 2.1.2 A.O. Smith Major Business
- 2.1.3 A.O. Smith Double-tank Electric Water Heater Product and Services
- 2.1.4 A.O. Smith Double-tank Electric Water Heater Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
- 2.1.5 A.O. Smith Recent Developments/Updates
- 2.2 Midea
- 2.2.1 Midea Details
- 2.2.2 Midea Major Business
- 2.2.3 Midea Double-tank Electric Water Heater Product and Services
- 2.2.4 Midea Double-tank Electric Water Heater Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
- 2.2.5 Midea Recent Developments/Updates
- 2.3 Haier
- 2.3.1 Haier Details
- 2.3.2 Haier Major Business
- 2.3.3 Haier Double-tank Electric Water Heater Product and Services
- 2.3.4 Haier Double-tank Electric Water Heater Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
- 2.3.5 Haier Recent Developments/Updates
- 2.4 Xiaomi
- 2.4.1 Xiaomi Details
- 2.4.2 Xiaomi Major Business
- 2.4.3 Xiaomi Double-tank Electric Water Heater Product and Services
- 2.4.4 Xiaomi Double-tank Electric Water Heater Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
- 2.4.5 Xiaomi Recent Developments/Updates
- 2.5 Sichuan Changhong Electric
- 2.5.1 Sichuan Changhong Electric Details
- 2.5.2 Sichuan Changhong Electric Major Business
- 2.5.3 Sichuan Changhong Electric Double-tank Electric Water Heater Product and Services
- 2.5.4 Sichuan Changhong Electric Double-tank Electric Water Heater Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
- 2.5.5 Sichuan Changhong Electric Recent Developments/Updates
- 2.6 Guangdong Gemake Electric Appliance
- 2.6.1 Guangdong Gemake Electric Appliance Details
- 2.6.2 Guangdong Gemake Electric Appliance Major Business
- 2.6.3 Guangdong Gemake Electric Appliance Double-tank Electric Water Heater Product and Services
- 2.6.4 Guangdong Gemake Electric Appliance Double-tank Electric Water Heater Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
- 2.6.5 Guangdong Gemake Electric Appliance Recent Developments/Updates
- 2.7 Wuxi Little Swan Company
- 2.7.1 Wuxi Little Swan Company Details
- 2.7.2 Wuxi Little Swan Company Major Business
- 2.7.3 Wuxi Little Swan Company Double-tank Electric Water Heater Product and Services
- 2.7.4 Wuxi Little Swan Company Double-tank Electric Water Heater Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
- 2.7.5 Wuxi Little Swan Company Recent Developments/Updates
- 2.8 COLMO
- 2.8.1 COLMO Details
- 2.8.2 COLMO Major Business
- 2.8.3 COLMO Double-tank Electric Water Heater Product and Services
- 2.8.4 COLMO Double-tank Electric Water Heater Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
- 2.8.5 COLMO Recent Developments/Updates
- 2.9 Viomi Technology
- 2.9.1 Viomi Technology Details
- 2.9.2 Viomi Technology Major Business
- 2.9.3 Viomi Technology Double-tank Electric Water Heater Product and Services
- 2.9.4 Viomi Technology Double-tank Electric Water Heater Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
- 2.9.5 Viomi Technology Recent Developments/Updates
- 2.10 Hua Tai
- 2.10.1 Hua Tai Details
- 2.10.2 Hua Tai Major Business
- 2.10.3 Hua Tai Double-tank Electric Water Heater Product and Services
- 2.10.4 Hua Tai Double-tank Electric Water Heater Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
- 2.10.5 Hua Tai Recent Developments/Updates
- 2.11 Hisense
- 2.11.1 Hisense Details
- 2.11.2 Hisense Major Business
- 2.11.3 Hisense Double-tank Electric Water Heater Product and Services
- 2.11.4 Hisense Double-tank Electric Water Heater Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
- 2.11.5 Hisense Recent Developments/Updates
3 Competitive Environment: Double-tank Electric Water Heater by Manufacturer
- 3.1 Global Double-tank Electric Water Heater Sales Quantity by Manufacturer (2019-2024)
- 3.2 Global Double-tank Electric Water Heater Revenue by Manufacturer (2019-2024)
- 3.3 Global Double-tank Electric Water Heater Average Price by Manufacturer (2019-2024)
- 3.4 Market Share Analysis (2023)
- 3.4.1 Producer Shipments of Double-tank Electric Water Heater by Manufacturer Revenue ($MM) and Market Share (%): 2023
- 3.4.2 Top 3 Double-tank Electric Water Heater Manufacturer Market Share in 2023
- 3.4.2 Top 6 Double-tank Electric Water Heater Manufacturer Market Share in 2023
- 3.5 Double-tank Electric Water Heater Market: Overall Company Footprint Analysis
- 3.5.1 Double-tank Electric Water Heater Market: Region Footprint
- 3.5.2 Double-tank Electric Water Heater Market: Company Product Type Footprint
- 3.5.3 Double-tank Electric Water Heater Market: Company Product Application Footprint
- 3.6 New Market Entrants and Barriers to Market Entry
- 3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
- 4.1 Global Double-tank Electric Water Heater Market Size by Region
- 4.1.1 Global Double-tank Electric Water Heater Sales Quantity by Region (2019-2030)
- 4.1.2 Global Double-tank Electric Water Heater Consumption Value by Region (2019-2030)
- 4.1.3 Global Double-tank Electric Water Heater Average Price by Region (2019-2030)
- 4.2 North America Double-tank Electric Water Heater Consumption Value (2019-2030)
- 4.3 Europe Double-tank Electric Water Heater Consumption Value (2019-2030)
- 4.4 Asia-Pacific Double-tank Electric Water Heater Consumption Value (2019-2030)
- 4.5 South America Double-tank Electric Water Heater Consumption Value (2019-2030)
- 4.6 Middle East and Africa Double-tank Electric Water Heater Consumption Value (2019-2030)
5 Market Segment by Type
- 5.1 Global Double-tank Electric Water Heater Sales Quantity by Type (2019-2030)
- 5.2 Global Double-tank Electric Water Heater Consumption Value by Type (2019-2030)
- 5.3 Global Double-tank Electric Water Heater Average Price by Type (2019-2030)
6 Market Segment by Application
- 6.1 Global Double-tank Electric Water Heater Sales Quantity by Application (2019-2030)
- 6.2 Global Double-tank Electric Water Heater Consumption Value by Application (2019-2030)
- 6.3 Global Double-tank Electric Water Heater Average Price by Application (2019-2030)
7 North America
- 7.1 North America Double-tank Electric Water Heater Sales Quantity by Type (2019-2030)
- 7.2 North America Double-tank Electric Water Heater Sales Quantity by Application (2019-2030)
- 7.3 North America Double-tank Electric Water Heater Market Size by Country
- 7.3.1 North America Double-tank Electric Water Heater Sales Quantity by Country (2019-2030)
- 7.3.2 North America Double-tank Electric Water Heater Consumption Value by Country (2019-2030)
- 7.3.3 United States Market Size and Forecast (2019-2030)
- 7.3.4 Canada Market Size and Forecast (2019-2030)
- 7.3.5 Mexico Market Size and Forecast (2019-2030)
8 Europe
- 8.1 Europe Double-tank Electric Water Heater Sales Quantity by Type (2019-2030)
- 8.2 Europe Double-tank Electric Water Heater Sales Quantity by Application (2019-2030)
- 8.3 Europe Double-tank Electric Water Heater Market Size by Country
- 8.3.1 Europe Double-tank Electric Water Heater Sales Quantity by Country (2019-2030)
- 8.3.2 Europe Double-tank Electric Water Heater Consumption Value by Country (2019-2030)
- 8.3.3 Germany Market Size and Forecast (2019-2030)
- 8.3.4 France Market Size and Forecast (2019-2030)
- 8.3.5 United Kingdom Market Size and Forecast (2019-2030)
- 8.3.6 Russia Market Size and Forecast (2019-2030)
- 8.3.7 Italy Market Size and Forecast (2019-2030)
9 Asia-Pacific
- 9.1 Asia-Pacific Double-tank Electric Water Heater Sales Quantity by Type (2019-2030)
- 9.2 Asia-Pacific Double-tank Electric Water Heater Sales Quantity by Application (2019-2030)
- 9.3 Asia-Pacific Double-tank Electric Water Heater Market Size by Region
- 9.3.1 Asia-Pacific Double-tank Electric Water Heater Sales Quantity by Region (2019-2030)
- 9.3.2 Asia-Pacific Double-tank Electric Water Heater Consumption Value by Region (2019-2030)
- 9.3.3 China Market Size and Forecast (2019-2030)
- 9.3.4 Japan Market Size and Forecast (2019-2030)
- 9.3.5 Korea Market Size and Forecast (2019-2030)
- 9.3.6 India Market Size and Forecast (2019-2030)
- 9.3.7 Southeast Asia Market Size and Forecast (2019-2030)
- 9.3.8 Australia Market Size and Forecast (2019-2030)
10 South America
- 10.1 South America Double-tank Electric Water Heater Sales Quantity by Type (2019-2030)
- 10.2 South America Double-tank Electric Water Heater Sales Quantity by Application (2019-2030)
- 10.3 South America Double-tank Electric Water Heater Market Size by Country
- 10.3.1 South America Double-tank Electric Water Heater Sales Quantity by Country (2019-2030)
- 10.3.2 South America Double-tank Electric Water Heater Consumption Value by Country (2019-2030)
- 10.3.3 Brazil Market Size and Forecast (2019-2030)
- 10.3.4 Argentina Market Size and Forecast (2019-2030)
11 Middle East & Africa
- 11.1 Middle East & Africa Double-tank Electric Water Heater Sales Quantity by Type (2019-2030)
- 11.2 Middle East & Africa Double-tank Electric Water Heater Sales Quantity by Application (2019-2030)
- 11.3 Middle East & Africa Double-tank Electric Water Heater Market Size by Country
- 11.3.1 Middle East & Africa Double-tank Electric Water Heater Sales Quantity by Country (2019-2030)
- 11.3.2 Middle East & Africa Double-tank Electric Water Heater Consumption Value by Country (2019-2030)
- 11.3.3 Turkey Market Size and Forecast (2019-2030)
- 11.3.4 Egypt Market Size and Forecast (2019-2030)
- 11.3.5 Saudi Arabia Market Size and Forecast (2019-2030)
- 11.3.6 South Africa Market Size and Forecast (2019-2030)
12 Market Dynamics
- 12.1 Double-tank Electric Water Heater Market Drivers
- 12.2 Double-tank Electric Water Heater Market Restraints
- 12.3 Double-tank Electric Water Heater Trends Analysis
- 12.4 Porters Five Forces Analysis
- 12.4.1 Threat of New Entrants
- 12.4.2 Bargaining Power of Suppliers
- 12.4.3 Bargaining Power of Buyers
- 12.4.4 Threat of Substitutes
- 12.4.5 Competitive Rivalry
13 Raw Material and Industry Chain
- 13.1 Raw Material of Double-tank Electric Water Heater and Key Manufacturers
- 13.2 Manufacturing Costs Percentage of Double-tank Electric Water Heater
- 13.3 Double-tank Electric Water Heater Production Process
- 13.4 Double-tank Electric Water Heater Industrial Chain
14 Shipments by Distribution Channel
- 14.1 Sales Channel
- 14.1.1 Direct to End-User
- 14.1.2 Distributors
- 14.2 Double-tank Electric Water Heater Typical Distributors
- 14.3 Double-tank Electric Water Heater Typical Customers
15 Research Findings and Conclusion
16 Appendix
- 16.1 Methodology
- 16.2 Research Process and Data Source
Summary:
Get latest Market Research Reports on Double-tank Electric Water Heater. Industry analysis & Market Report on Double-tank Electric Water Heater is a syndicated market report, published as Global Double-tank Electric Water Heater Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030. It is complete Research Study and Industry Analysis of Double-tank Electric Water Heater market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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