"Actionable Insights to Fuel Your Growth"

Hot Water Generator Market Size, Share & Industry Analysis, By Product Type (Electric, Solar, Gas), By Technology (Storage, Tank-less, Hybrid), By Capacity (Below 30 liters, 30-100 liters, 100-250 liters, 250-400 liters), By Application (Residential, Commercial, Industrial) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105720 | Status : Ongoing



Hot water generators are machines that are used to heat the water effectively and quickly. The hot water generator works by using the gases/steam produced inside an area and channeling it into water-storage equipment to heat the water. The transfer of heat increases the temperature of the water and heats it.

Product types can be classified into electric, solar, and gas. The electric segment is dominating the market. The rise in electrification in the Asia Pacific region is a major reason for the growth of this segment. The part is growing rapidly, and the rate of electrification is at an all-time high. These factors are expected to propel the electric segment further during the forecast period. In addition, the rise in solar power technology is also driving the market forward.

Based on technology the market is segmented into storage, tankless, and hybrid hot water generators. The hybrid segment is leading the market owing to its versatility. The hybrid system provides the features of space consumption and storage facility. The hybrid structure of tans can be useful in small spaces as well. These factors will work in favor of the hybrid segment during the forecast period.

Based on capacity, the market is divided into below 30 l,30-100 l, 100-250 l, and 250-400 l. the 100-250 l is the most commonly used hot water generator segment. It is applied in industrial places and residential ones as well. The multi-purpose use of the segment makes it the dominant segment in the market.

The hot water generator market is segmented into residential, commercial based on application. The residential sector is expected to have significant growth in the hot water generator market. Construction activity in the residential areas leads to more job opportunities, increasing the average disposable income. These factors are expected to dominate the market, followed by the commercial segment. These segments are expected to make the hot water generator market flourish during the forecast period.

The rapid growth of industries and technology has led to an increased disposable income. A hot water generator is a part of the household lifestyle. It has become an inseparable component to prepare food and other domestic uses. In addition, the increasing construction activities in developing and developed countries lead to increased demand for hot water generators. The hospital and medical sectors also need hot water generators for various uses and drive the market. These factors are expected to drive the hot water generator market during the forecast period.

The market for hot water generators is hampered by the risk of storage-type water generators exploding. The risk of an explosion keeps consumers away from investing in a hot water generator. In addition, some hot water generators also require large spaces to operate. The lack of such an area can hinder the functioning of the generator. These factors are expected to hamper the hot water generator market in the forecast period.

Key Market Driver -

Infrastructure and commercial development leads to greater demand.

Key Market Restraint -

Risk of explosion and requirement of large space leads to market stagnation.

Key Players Covered:

Some of the major companies in the hot water generator market are A.O. Smith Corporation, Robert Bosch, Ariston Thermo Group, Rheem Manufacturing, Rinnai America Corporation, Bradford White, Noritz America, Whirlpool Corporation, Bajaj Electricals Ltd, Haier, Havells India Ltd, Lennox International, Ferroli S.p. A, and Kenmore.

Regional Analysis:

The hot water generator market is studied across different regions like North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-pacific is the dominant market for hot water generators. The rise in construction and the need for residential heating is a significant cause for the market's growth. Europe, owing to the extreme cold weather in the region, and North America with increasing industrial activities and are expected to increase the development for the hot water generator market.

Asia-Pacific is expected to be the region with the highest growth during the forecast period. The rate of industrialization is high in the area. China and India have rising populations. Construction work is at an all-time high. As a result, the need for hot water generators is also increasing and is expected to keep growing steadily during the forecast period.

To gain extensive insights into the market, Request for Customization





By Product Type

  • Electric

  • Solar

  • Gas


By Technology

  • Storage

  • Tank-less

  • Hybrid


By Capacity

  • Below 30 liters

  • 30-100 liters

  • 100-250 liters

  • 250-400 liters


By Application

  • Residential

  • Commercial

  • Industrial


By Geography

  • North America (U.S. and Canada)

  • Europe (UK, Germany, France, Italy, Spain, Russia, and Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, Southeast-Asia, and Rest of Asia-Pacific)

  • Latin America (Mexico, Brazil, and Rest of Latin America)

  • Middle-East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Key Industry Developments

  • In April 2020, Thermax launched its hot water generator, Aquatherm. The generator has the capacity range of 0.2 million kcal/hr to 2.0 million kcal/hr. it is fully automatic and can reach the 140°C in just a few seconds after start.

  • A. O. Smith, a well-known name in the hot water generator market, announced the acquisition of water treatment solutions provider Water-Right, Inc., in April 2019.

  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Energy & Power Clients


Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.