The portable water heater market, with a 6.74% CAGR, is expected to grow to USD 20.899 billion in 2030 from USD 15.083 billion in 2025.
A portable water heater is a compact, self-contained device that is designed to heat water for various purposes such as washing dishes, taking showers, or filling up a bathtub. It is typically used in situations where there is no readily available source of hot water, such as camping, outdoor activities, or in remote areas. The rise in popularity of outdoor activities like camping, hiking, and boating has led to an increase in demand for portable water heaters For instance, the outdoor recreation economy made up 1.9% ($454.0 billion) of the current-dollar gross domestic product (GDP) in the United States in 2021, as reported by the U.S. Bureau of Economic Analysis. Across states, the value added by outdoor recreation as a share of GDP varied from 4.8 % in Hawaii to 1.3% in New York and Connecticut. Additionally, this data suggests that outdoor recreation contributed to 1.9% of the U.S. GDP in 2021. In the same vein, factors such as convenience and comfort, energy efficiency, technological advancements, and cost-effectiveness are among the key drivers fuelling the growth of the global portable water heater market.
Portable water heaters can be an essential item for camping, particularly if you plan to stay in remote areas with no access to hot water. These heaters are designed to heat water quickly and efficiently, allowing you to take warm showers, wash dishes, and perform other tasks that require hot water. According to the KOA North American Camping Report, the number of active campers went up from 82,291,200 in 2020 to 93,819,400 in 2022. This report also indicates that the overall camping incidence increased from 67% in 2020 to 71% in 2021 in the United States of America. During 2021, approximately 57 million households went on at least one camping trip, which represents a notable increase from the 48.2 million households that did so in 2020 and the 42 million households in 2019. This report also indicates that the percentage of new camper households increased from 4% in 2019 to 16% in 2021. As camping continues to gain popularity and attract more enthusiasts, the demand for portable water heaters is expected to rise correspondingly. This is set to drive the growth of the portable water heater market on a global scale.
Portable water heaters have a strong correlation with the travel and tourism industry as they offer a practical and effective source of hot water for travelers, especially those involved in outdoor activities like camping, hiking, and road trips. According to the World Travel and Tourism Council, the travel and tourism industry has witnessed an increase in its contribution to the global GDP, rising by US$1 trillion in 2021. The travel and tourism industry's contribution to the global GDP also increased from 5.3% in 2020 to 6.1% in 2021. The highest rise in travel and tourism GDP change was recorded in the Caribbean region, which was approximately 36.6%. Additionally, the data shows that in 2021, there was a 28% increase in travel and tourism GDP change in Europe and 23.5% in Africa. The Asia Pacific region and the Middle East recorded a 16.0% and 15.9% increase, respectively, in 2021. Thus, with the continued growth of the travel and tourism industry, the demand for portable water heaters is expected to increase, indicating a positive outlook for the global portable water heater market.
Portable Water Heater Market Segmentation: