Product Code: ETC261669 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
United Kingdom (UK) Electric Water Heater market currently, in 2023, has witnessed an HHI of 4171, Which has increased moderately as compared to the HHI of 4117 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The electric water heater market in the UK is driven by the transition towards energy-efficient and environmentally friendly heating solutions. Increasing consumer awareness about energy conservation and government initiatives promoting renewable energy adoption are boosting market growth. Manufacturers are focusing on developing smart and hybrid water heating systems to cater to diverse consumer needs and regulatory requirements.
In the UK, the electric water heater market growth is fueled by rising residential and commercial construction activities, coupled with increasing consumer preference for energy-efficient heating solutions. Technological advancements in water heater design, such as smart and instant heating systems, drive market adoption. Regulatory standards promoting energy conservation and sustainable building practices also contribute to market dynamics.
The UK electric water heater market encounters challenges like fluctuating energy costs affecting consumer adoption rates, technological advancements in heat pump and solar water heating alternatives, and regulatory shifts towards energy-efficient appliances.
Government policies in the UK for electric water heaters focus on energy efficiency labeling, emissions reduction targets, and consumer protection regulations. The Energy Savings Trust and Department for Business, Energy & Industrial Strategy (BEIS) enforce these policies to promote the use of energy-efficient technologies and reduce carbon footprint.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 United Kingdom (UK) Electric Water Heater Market Overview |
3.1 United Kingdom (UK) Country Macro Economic Indicators |
3.2 United Kingdom (UK) Electric Water Heater Market Revenues & Volume, 2021 & 2031F |
3.3 United Kingdom (UK) Electric Water Heater Market - Industry Life Cycle |
3.4 United Kingdom (UK) Electric Water Heater Market - Porter's Five Forces |
3.5 United Kingdom (UK) Electric Water Heater Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 United Kingdom (UK) Electric Water Heater Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 United Kingdom (UK) Electric Water Heater Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about energy efficiency and environmental concerns driving the demand for electric water heaters. |
4.2.2 Government initiatives promoting the adoption of energy-efficient appliances. |
4.2.3 Growth in the residential construction sector leading to higher demand for electric water heaters. |
4.3 Market Restraints |
4.3.1 High initial cost of electric water heaters compared to traditional gas water heaters. |
4.3.2 Limited consumer awareness about the benefits of electric water heaters. |
4.3.3 Challenges related to the availability of suitable infrastructure for electric water heater installation. |
5 United Kingdom (UK) Electric Water Heater Market Trends |
6 United Kingdom (UK) Electric Water Heater Market, By Types |
6.1 United Kingdom (UK) Electric Water Heater Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 United Kingdom (UK) Electric Water Heater Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 United Kingdom (UK) Electric Water Heater Market Revenues & Volume, By Tankless Water Heater, 2021-2031F |
6.1.4 United Kingdom (UK) Electric Water Heater Market Revenues & Volume, By Storage Water Heater, 2021-2031F |
6.2 United Kingdom (UK) Electric Water Heater Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 United Kingdom (UK) Electric Water Heater Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 United Kingdom (UK) Electric Water Heater Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.4 United Kingdom (UK) Electric Water Heater Market Revenues & Volume, By Industrial, 2021-2031F |
7 United Kingdom (UK) Electric Water Heater Market Import-Export Trade Statistics |
7.1 United Kingdom (UK) Electric Water Heater Market Export to Major Countries |
7.2 United Kingdom (UK) Electric Water Heater Market Imports from Major Countries |
8 United Kingdom (UK) Electric Water Heater Market Key Performance Indicators |
8.1 Energy efficiency ratings of electric water heaters. |
8.2 Percentage of government rebates or incentives claimed for purchasing energy-efficient electric water heaters. |
8.3 Number of new residential construction projects incorporating electric water heaters for hot water supply. |
9 United Kingdom (UK) Electric Water Heater Market - Opportunity Assessment |
9.1 United Kingdom (UK) Electric Water Heater Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 United Kingdom (UK) Electric Water Heater Market Opportunity Assessment, By Application, 2021 & 2031F |
10 United Kingdom (UK) Electric Water Heater Market - Competitive Landscape |
10.1 United Kingdom (UK) Electric Water Heater Market Revenue Share, By Companies, 2024 |
10.2 United Kingdom (UK) Electric Water Heater Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |