Phase Changeable Water Heaters Market Report 2025 (Global Edition)

Global Phase Changeable Water Heaters Market Report 2025 Market Size Split by Type (Electric, Gas), by Application (Residential, Commercial), by Heater Type (Balcony Type Heaters, Wall Type Heaters), ...

Phase Changeable Water Heaters Market Report Description

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Competitive Landscape of the Phase Changeable Water Heater Market

The competitive landscape of the Phase Changeable Water Heater market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established electronics manufacturers, specialized Phase Changeable Water Heater companies, and emerging start-ups aiming to disrupt the market with innovative solutions.

Top Companies Market Share in Phase Changeable Water Heaters Industry: (In no particular order of Rank)

• HUAYANG
• A.O. Smith
• BJSOLA
• Solahart
• Apricus
• Rheem
• Himin Solar
• Haier Group
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Phase Changeable Water Heater Market

Which Region Dominates the Phase Changeable Water Heater Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. North America is witnessing a sizable increase in the Phase Changeable Water Heater Market. Increased cognizance of electricity efficiency, coupled with government tasks selling sustainable technology, has spurred adoption. Consumers are an increasing number of prioritizing environmentally friendly heating answers, riding demand for PCM water warmers. With a strong infrastructure and growing emphasis on the green era, North America gives a fertile ground for market growth.

Which Region is Expanding at the Fastest CAGR?

Europe stands out as the fastest-growing region in the Phase Changeable Water Heater market due to several compelling reasons. ?Europe is experiencing an extraordinary expansion in the Phase-Changeable Water Heater Market. Stringent environmental rules and a strong awareness of electricity conservation are driving the adoption of PCM water heaters. As purchasers search for electricity-efficient solutions to reduce carbon footprints and lower software prices, the demand for PCM water heaters is at the rise—Europe's commitment to sustainability positions it as a key marketplace for the boom in this region.

The current report Scope analyzes Phase Changeable Water Heaters Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Phase Changeable Water Heaters Market Analysis

According to Cognitive Market Research, the global Phase Changeable Water Heater market size was estimated at USD XX Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.1% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Phase Changeable Water Heater market with a market size of USD XX million in 2024 and is projected to grow at a CAGR of 3.9% during the forecast period. The demand is amplified by the energy efficiency regulations.
• The Canada Phase Changeable Water Heater market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 4.9% during the forecast period. Canada's renewable energy incentives.
• The Mexico Phase Changeable Water Heater market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD XX million in 2024.

Europe Phase Changeable Water Heaters Market Analysis

According to Cognitive Market Research, the global Phase Changeable Water Heater market size was estimated at USD XX Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.

• The United Kingdom Phase Changeable Water Heater market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period. In the UK, Phase Changeable Water Heater sales witness an upswing due to the climate change concerns.
• The France Phase Changeable Water Heater market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD XX million in 2024.
• According to Cognitive Market Research, the Germany Phase Changeable Water Heater market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 4.6% during the forecast period. In Germany, Phase Changeable Water Heater sales surged due to technology advancements.
• The Italy Phase Changeable Water Heater market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD XX million in 2024.
• The Russia Phase Changeable Water Heater market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD XX million in 2024.
• The Spain Phase Changeable Water Heater market is projected to witness growth at a CAGR of 3.5% during the forecast period with a market size of USD XX million in 2024
• The Luxembourg Phase Changeable Water Heater market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD XX million in 2024.
• The Portugal Phase Changeable Water Heater market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD XX million in 2024.
• The Greece Phase Changeable Water Heater market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD XX million in 2024.
• Rest of Europe's Phase Changeable Water Heater market is projected to witness growth at a CAGR of 3.1% during the forecast period, with a market size of USD XX million in 2024.

Asia Pacific Phase Changeable Water Heaters Market Analysis

According to Cognitive Market Research, the global Phase Changeable Water Heater market size was estimated at USD XX Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031.

• According to Cognitive Market Research, the China Phase Changeable Water Heater market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 7.4% during the forecast period. Phase Changeable Water Heater sales surge in China due to the rising energy costs.
• The Japan Phase Changeable Water Heater market is projected to witness growth at a CAGR of 6.4% during the forecast period, with a market size of USD XX million in 2024.
• The India Phase Changeable Water Heater market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 9.7% during the forecast period. India's sustainable building codes.
• The South Korea Phase Changeable Water Heater market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD XX million in 2024.
• The Australia Phase Changeable Water Heater market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD XX million in 2024.
• The South East Asia Phase Changeable Water Heater market is projected to witness growth at a CAGR of 8.9% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Asia Pacific Phase Changeable Water Heater market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD XX million in 2024.

South America Phase Changeable Water Heaters Market Analysis

According to Cognitive Market Research, the global Phase Changeable Water Heater market size was estimated at USD XX Million out of which Latin America market of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Phase Changeable Water Heater market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 5.9% during the forecast period. Phase Changeable Water Heater sales flourish in Brazil due to the consumer demand for eco-friendly products.
• Argentina Phase Changeable Water Heater market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 6.2% during the forecast period. Argentina's government subsidies.
• Colombia Phase Changeable Water Heater market is projected to witness growth at a CAGR of 5.1% during the forecast period with a market size of USD XX million in 2024.
• Peru Phase Changeable Water Heater market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD XX million in 2024.
• Chile Phase Changeable Water Heater market is projected to witness growth at a CAGR of 5.6% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Latin America Phase Changeable Water Heater market is projected to witness growth at a CAGR of 4.4% during the forecast period, with a market size of USD XX million in 2024.

Middle East Phase Changeable Water Heaters Market Analysis

According to Cognitive Market Research, the global Phase Changeable Water Heater market size was estimated at USD XX Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.

• The GCC Countries Phase Changeable Water Heater market is projected to witness growth at a CAGR of 6.4% during the forecast period with a market size of USD XX million in 2024. Phase Changeable Water Heater sales flourish due to the industrial applications.
• The Egypt Phase Changeable Water Heater market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD XX million in 2024.
• The South Africa Phase Changeable Water Heater market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD XX million in 2024. Phase Changeable Water Heater sales flourish in South Africa due to the urbanization trends.
• The Turkey Phase Changeable Water Heater market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD XX million in 2024.
• The Nigeria Phase Changeable Water Heater market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of MEA Phase Changeable Water Heater market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD XX million in 2024.

Phase Changeable Water Heaters Market Analysis

Phase Changeable Water Heater Market Type Segment Analysis

According to Cognitive Market Research, the dominating category is Electric. The Phase Changeable Water Heater Market is experiencing growth driven by using electric models. These warmers leverage phase change substances to store and release thermal electricity efficiently, presenting sustainable heating answers. With the increasing demand for power-green home equipment and improvements in electric-powered heating generation, electric-powered PCM water heaters are gaining traction in residential and industrial sectors, riding the expansion of the marketplace.

The fastest-growing category in the Phase Changeable Water Heater market is Gas. Gas-powered Phase-Changeable Water Heaters are fueling a market boom with their efficient heating solutions. These heaters use section-change substances to store and release thermal strength correctly, providing reliable warm water while minimizing strength intake. With a focus on green and value-effective heating alternatives, gasoline-powered PCM water warmers are gaining a reputation, driving expansion inside the market for both residential and business applications.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Phase Changeable Water Heaters Industry. Request a Free Sample PDF!

Application Segment Analysis

According to Cognitive Market Research, the dominating category is Residential. The residential region is a key driver of boom within the Phase-Changeable Water Heater Market. With increasing emphasis on energy efficiency and sustainability, homeowners are turning to PCM water warmers to reduce electricity intake and lower application payments. As environmental impact awareness grows, the demand for residential PCM water warmers is rising, fueling enlargement in the market for efficient domestic heating solutions.

The fastest-growing category in the Phase Changeable Water Heater market is Commercial. The business quarter is fueling an increase in the Phase Changeable Water Heater Market. Businesses are prioritizing energy performance and sustainability, leading to improved adoption of PCM water heaters for business packages. With their capability to lessen electricity consumption and operational charges, PCM water heaters have become famous alternatives for lodges, hospitals, and other commercial houses. They use growth inside the marketplace for green heating answers.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Phase Changeable Water Heaters Heater Type Segment Analysis

Phase Changeable Water Heater Market Heater Type Segment Analysis

According to Cognitive Market Research, Balcony Type Heaters stands out as the dominating category. The Phase Changeable Water Heater Market is witnessing a boom with the emergence of balcony kind heaters. These progressive heaters make use of segment trade materials to correctly capture and launch thermal strength, supplying more suitable heating answers for outdoor spaces like balconies. With a developing emphasis on electricity performance and comfort in outside residing regions, balcony kind heaters are getting increasingly more popular, riding growth within the PCM water heater market.

Wall Type Heaters emerges as the fastest-growing category in the Phase Changeable Water Heater market. Wall-type warmers are riding growth inside the Phase Changeable Water Heater Market. These heaters make use of phase exchange materials to successfully save and launch thermal energy, offering powerful heating answers for indoor areas. With a focus on power efficiency and space-saving layout, wall-kind warmers are gaining recognition amongst clients and contributing to the enlargement of the PCM water heater market globally.

• Balcony Type Heaters
• Wall Type Heaters

Author's Detail

Aarti Bagekari

Research Associate at Cognitive Market Research

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I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.

Author's Conclusion