Water Heaters Market Trends and Outlook 2026-2030 & 2035: Rapid Urbanization and Rising Disposable Incomes Fuel Growth
Dublin, Jan. 28, 2026 (GLOBE NEWSWIRE) -- The "Water Heaters Market Report 2026" report has been added to ResearchAndMarkets.com's offering. The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. The water heaters market size has grown strongly in recent years. It will grow from $67.29 billion in 2025 to $72 billion in 2026 at a compound annual growth rate (CAGR) of 7%. The growth in the historic period can be attributed to increase in household hot water usage, early adoption of electric heaters, growing demand for residential comfort appliances, rise in construction and housing development, expansion of commercial hot water systems. The water heaters market size is expected to see strong growth in the next few years.