Australia Electric Water Heater Market (2025-2031) | Industry, Size, Analysis, Value, Growth, Outlook, Trends, Companies, Share, Revenue & Forecast

Australia Electric Water Heater Market Highlights

Topics Covered in Australia Electric Water Heater Market Report

Australia Electric Water Heater Market report thoroughly covers the market by Product, by Application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Australia Electric Water Heater Market Synopsis

Australia Electric Water Heater Market has been Flourishing and is predicted to rise more at a significant growth rate during the forecast period 2024 to 2030. There are several factors contributing to the market growth such as increasing urbanization, rising disposable income, and a growing trend towards energy-efficient and eco-friendly products.

According to 6Wresearch, Australia Electric Water Heater Market size is expected to grow at a significant CAGR of 4.4% during 2025-2031. One of the major factors contributing to the growth of this market is the continuous development and advancement in technology, leading to more efficient and eco-friendly electric water heaters. These advancements include the use of smart technology, such as Wi-Fi and mobile connectivity, to remotely control and monitor the water heater.

In addition, several state and local governments in Australia have introduced programs such as rebates and incentives for households that choose to install electric water heaters. These initiatives not only help reduce the upfront cost of purchasing these appliances but also encourage consumers to switch from less efficient gas or solar water heaters to electric ones. The market is also dealing with a number of challenges that are hampering its growth. One major challenge such as high initial costs, limited consumer awareness about new technologies, and lack of infrastructure for installation and maintenance. However, with increasing government support towards renewable energy solutions and technological advancements, these challenges are expected to be addressed in the coming years.

Australia Electric Water Heater Market: Leading Players

Some of the leading players in this market include Rheem Australia Pty Ltd., Rinnai Australia Pty Ltd., Dux Manufacturing Limited, Stiebel Eltron Asia Limited, and Bosch Terotechnology Ltd. These companies are constantly investing in research and development to introduce innovative products that cater to the evolving needs of consumers. They are also expanding their distribution networks and collaborating with local partners to strengthen their market presence.

Australia Electric Water Heater Market: Government Regulations

Australia has implemented strict government regulations when it comes to the safety and efficiency of electric water heaters. The main purpose of these regulations is to ensure that the products being sold in the market meet certain standards and do not pose any threat to public health and safety. The Minimum Energy Performance Standards (MEPS) set by the Australian government require all electric water heaters to have a minimum energy performance rating, which is constantly reviewed and updated as technology advances.

Future Insights of the Market

With increasing investments and technological advancements, the electric water heater market in Australia is set to revolutionize the way hot water is generated and consumed in households, commercial buildings, and industrial facilities. In order to further boost the growth of the the adoption of advanced technologies such as heat pumps and solar-powered systems, along with the integration of IoT, is expected to propel the market further. With rising consumer awareness about energy conservation and incentives offered by the government, the demand for electric water heaters is expected to remain strong in the future. So, it can be said that the future looks bright for the Australia electric water heater market opportunities for market players in the coming years.

Market Segmentation by Product Type

According to Dhaval, Research Manager, 6Wresearch, the segment of storage water heaters with a capacity of 1 to 100 litres has seen a significant increase in demand in the Australian electric water heater market. This can be attributed to its compact size and affordability, making it suitable for small households or as an additional water heating system for large households.

Market Segmentation by Applications

The residential segment is the one that is experiencing a significant increase in demand for electric water heaters in Australia. As more and more households are switching to electric water heaters, the residential segment has been growing at a steady rate in recent years.  

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 20201 to 2024.
• Base Year: 2024
• Forecast Data until 2031.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Australia Electric Water Heater Market Outlook
• Market Size of Australia Electric Water Heater Market, 2024
• Forecast of Australia Electric Water Heater Market, 2031
• Historical Data and Forecast of Australia Electric Water Heater Revenues & Volume for the Period 2021-2031
• Australia Electric Water Heater Market Trend Evolution
• Australia Electric Water Heater Market Drivers and Challenges
• Australia Electric Water Heater Price Trends
• Australia Electric Water Heater Porter's Five Forces
• Australia Electric Water Heater Industry Life Cycle
• Historical Data and Forecast of Australia Electric Water Heater Market Revenues & Volume By Product Type for the Period 2021-2031
• Historical Data and Forecast of Australia Electric Water Heater Market Revenues & Volume By Tankless Water Heater for the Period 2021-2031
• Historical Data and Forecast of Australia Electric Water Heater Market Revenues & Volume By Storage Water Heater for the Period 2021-2031
• Historical Data and Forecast of Australia Electric Water Heater Market Revenues & Volume By Application for the Period 2021-2031
• Historical Data and Forecast of Australia Electric Water Heater Market Revenues & Volume By Residential for the Period 2021-2031
• Historical Data and Forecast of Australia Electric Water Heater Market Revenues & Volume By Commercial for the Period 2021-2031
• Historical Data and Forecast of Australia Electric Water Heater Market Revenues & Volume By Industrial for the Period 2021-2031
• Australia Electric Water Heater Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Application
• Australia Electric Water Heater Top Companies Market Share
• Australia Electric Water Heater Competitive Benchmarking By Technical and Operational Parameters
• Australia Electric Water Heater Company Profiles
• Australia Electric Water Heater Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product

• Tankless Water Heater
• Storage Water Heater

By Applications

• Residential
• Commercial
• Industrial