Water Heater Component Market Overview and Growth 2031 by Leading Top Players

Historic Data: 2021-2023   |   Base Year: 2024   |   Forecast Period: 2025-2031

Coverage: Water Heater Component Market covers analysis by Component (Heat Exchanger, Thermostat and Controls, Pipes and Tubes, Valves, Others); Sales Channel (Direct Sales, In direct Sales); Installation (OEMs, Aftermarket) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Date : Nov 2025
  • Report Code : TIPRE00005714
  • Category : Manufacturing and Construction
  • Status : Upcoming
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 150
Page Updated: Jan 2025

The Water Heater Component Market is expected to register a CAGR of 5.5% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.

The market is segmented into by Component, Sales Channel, and Installation. The Component segment is divided into Heat Exchanger, Thermostat and Controls, Pipes and Tubes, Valves, Others. Based on Sales Channel, the market is segmented into Direct Sales, In direct Sales. Based on Installation, the market is segmented into OEMs, Aftermarket.

Purpose of the Report

The report Water Heater Component Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

  • Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
  • Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
  • Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Water Heater Component Market Segmentation

Component

  • Heat Exchanger
  • Thermostat and Controls
  • Pipes and Tubes
  • Valves
  • Others

Sales Channel

  • Direct Sales
  • In direct Sales

Installation

  • OEMs
  • Aftermarket

Geography

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

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Water Heater Component Market: Strategic Insights

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Water Heater Component Market Growth Drivers

  • Driving Forces in the Water Heater Component Market: Demand of the water heater component market are driven by an increase in consumer demand for energy-saving devices. As energy prices rise and environmental issues gain more momentum, consumers become favorable to water heaters ensuring efficiency in energy usage. This has already triggered manufacturers to come up with better components to achieve more efficiency levels.
  • Increasing Construction and Renovation Operations: The market is experiencing expansion in residential and commercial building construction and renovation activities. They need current state-of-the-art water heating solutions for new buildings, and renovation operations usually include upgrading the systems toward more efficient ones, thereby increasing the prospects for the water heater components market

Water Heater Component Market Future Trends

  • Shift toward tankless water heaters: Shifts toward tankless water heaters are seen now-a-days. The hot water is produced on demand without any storage tank. This market shift would be primarily based on demands for space saving solutions and efficiency in only heating water at the point of usage, thereby minimizing energy consumption.
  • Emphasis is focused on the safety and reliability aspects: Consumers are gradually emphasizing the safety and reliability aspect of their system for water heating. This has further increased the demand among manufacturers to produce components that further the safety aspects, such as automatic shut-off valves and advanced temperature controls, so that the water heaters not only are safe but also efficient

Water Heater Component Market Opportunities

  • Advances in Smart Technology: The smart technology is the future, and manufacturer has much to benefit from it. The trend of smart water heaters controlled by mobile apps or integrated with home automation systems is becoming popular. This trend has seen the emission of opportunities for companies to design novel components that are easier to use and will benefit consumers concerning energy management.
  • Opportunities in Solar and Hybrid Water Heater Technologies: The increasing demand for renewable sources of energy gives a chance to water heater components in solar energy or sustainable technologies. Manufacturers can catch the trend and invest in certain components that complement the system with solar water heating or hybrid concepts that merge traditional and renewable energy sources

Water Heater Component Market Regional Insights

The regional trends and factors influencing the Water Heater Component Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Water Heater Component Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Water Heater Component Market Report Scope

Report Attribute Details
Market size in 2024 US$ XX million
Market Size by 2031 US$ XX Million
Global CAGR (2025 - 2031) 5.5%
Historical Data 2021-2023
Forecast period 2025-2031
Segments Covered By Component
  • Heat Exchanger
  • Thermostat and Controls
  • Pipes and Tubes
  • Valves
  • Others
By Sales Channel
  • Direct Sales
  • In direct Sales
By Installation
  • OEMs
  • Aftermarket
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • ARISTON THERMO SPA
  • BAJAJ ELECTRICALS LTD
  • BOSCH INDUSTRIEKESSEL GMBH
  • BRADFORD WHITE CORPORATION
  • BRADLEY CORPORATION
  • BSH HOME APPLIANCES GROUP SIEMENS AG
  • ECCOTEMP.COM
  • HTP COMFORT SOLUTIONS LLC
  • RINNAI AMERICA CORPORATION

  • Water Heater Component Market Players Density: Understanding Its Impact on Business Dynamics

    The Water Heater Component Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.


    water-heater-component-market-cagr

    • Get the Water Heater Component Market top key players overview

    Key Selling Points

    • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Water Heater Component Market, providing a holistic landscape.
    • Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
    • Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
    • Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

    The research report on the Water Heater Component Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.


    Frequently Asked Questions

    1

    What are the options available for the customization of this report?

    Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
    2

    What are the deliverable formats of the water heater component market report?

    The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
    3

    What are the restraining factors impacting the global water heater componentmarket?

    Fluctuating raw material prices
    4

    What is the expected CAGR of the Water Heater Component Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage:by Component (Heat Exchanger, Thermostat and Controls, Pipes and Tubes, Valves, Others); Sales Channel (Direct Sales, In direct Sales); Installation (OEMs, Aftermarket) , and Geography (North America, Europe, Asia Pacific, and South and Central America)?

    The Water Heater Component Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage:by Component (Heat Exchanger, Thermostat and Controls, Pipes and Tubes, Valves, Others); Sales Channel (Direct Sales, In direct Sales); Installation (OEMs, Aftermarket) , and Geography (North America, Europe, Asia Pacific, and South and Central America) is estimated to witness a CAGR of 5.5% from 2023 to 2031
    5

    What are the driving factors impacting the water heater component market?

    The major factors driving the water heater componentmarket are: Increased Construction Activities
    6

    Which are the leading players operating in the water heater component market

    ARISTON THERMO SPA, BAJAJ ELECTRICALS LTD, BOSCH INDUSTRIEKESSEL GMBH, BRADFORD WHITE CORPORATION, BRADLEY CORPORATION, BSH HOME APPLIANCES GROUP (SIEMENS AG), ECCOTEMP.COM, HTP COMFORT SOLUTIONS LLC, RINNAI AMERICA CORPORATION, VENUS HOME APPLIANCES (P) LTD
    Nivedita Upadhyay
    Manager,
    Market Research & Consulting

    Nivedita is an accomplished research professional with over 9 years of experience in Market Research and Business Consulting. Currently serving as a Project Manager in the ICT domain at The Insight Partners, she brings deep expertise in managing and executing Syndicated, Custom, Subscription-based, and Consulting research assignments across diverse technology sectors.

    With a proven track record of delivering data-driven analysis and actionable insights, Nivedita has been a key contributor to several critical projects. Her work involves end-to-end project execution—right from understanding client objectives, analyzing market trends, to deriving strategic recommendations. She has collaborated extensively with leading ICT companies, helping them identify market opportunities and navigate industry shifts.

    Nivedita holds an MBA in Management from IMS, Dehradun. Prior to joining The Insight Partners, she gained valuable experience at MarketsandMarkets and Future Market Insights in Pune, where she held various research roles and built a strong foundation in industry analysis and client engagement.

    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
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    • Market Size Value / Volume - Global, Regional, Country
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