Portable Water Heater Market Size, Share, Opportunities, And Trends By Power Source (Electricity, Batteries, Others), By Application (Bathing, Cleaning), And By Geography - Forecasts From 2023 To 2028

  • Published : Mar 2023
  • Report Code : KSI061614512
  • Pages : 138

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.

The portable water heater market exhibits the highest growth potential in the North American region due to increased camping activities in the region.

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.

One of the primary factors propelling the portable water heater market is the expanding travel and tourism industry.

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.

Market Key Developments

  • In October 2022, Hindware Smart Appliances launched, the ‘Hindware Kweik Portable water heater’ which stands out with its top-notch features and superior customer experience. The product is equipped with high-level safety features, including a patented super safe innovative shield design, burn/fire protection, IPX7 certified shock-proofing, auto cut-off feature, and overheating protection.
  • In November 2019, A.O.Smith, a prominent water heater brand based in Milwaukee, Wisconsin, introduced the HeatBot, in the Telangana market. The product came with advanced technological features, such as a Smart timer for automatic on and off, Energy Meter, and Wireless Remote. Additionally, it boasts A.O.Smith's unique advantages of Blue diamond glass lining and advanced PUF technology, ensuring a BEE 5 Star-rated energy efficiency. The HeatBot's control panel is designed intuitively for easy access by consumers.

Portable Water Heater Market Scope:

Report Metric Details
 Growth Rate  CAGR during the forecast period
 Base Year  2021
 Forecast Period  2023 – 2028
 Forecast Unit (Value)  USD Billion
 Segments Covered Power Source, Application, and Geography
 Regions Covered North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies Covered Gasland Appliances, Kalptree, Eccotemp, EZ Tankless, CSI International   
 Customization Scope Free report customization with purchase

 

Segmentation

  • By Power Source
    • Electricity
    • Batteries
    • Others
  • By Application
    • Bathing
    • Cleaning
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      •  Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • UK
      • France
      • Spain
      • Others
    • Middle East and Africa
      • Suadi Arabia
      • UAE
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Australia
      • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Market Opportunities

4.4. Porter’s Five Force Analysis

4.4.1. Bargaining Power of Suppliers

4.4.2. Bargaining Power of Buyers

4.4.3. Threat of New Entrants

4.4.4. Threat of Substitutes

4.4.5. Competitive Rivalry in the Industry

4.5. Industry Value Chain Analysis

5. PORTABLE WATER HEATER MARKET ANALYSIS, BY POWER SOURCE

5.1. Introduction

5.2. Electricity

5.3. Batteries

5.4. Others

6. PORTABLE WATER HEATER MARKET ANALYSIS, BY APPLICATION

6.1. Introduction

6.2. Bathing

6.3. Cleaning

7. PORTABLE WATER HEATER MARKET ANALYSIS, BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. USA

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1.  Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe

7.4.1. Germany

7.4.2. UK

7.4.3. France

7.4.4. Spain

7.4.5. Others

7.5. Middle East and Africa

7.5.1. Suadi Arabia

7.5.2. UAE

7.5.3. Others

7.6. Asia Pacific

7.6.1. China

7.6.2. Japan

7.6.3. South Korea

7.6.4. India

7.6.5. Australia

7.6.6. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix

9. COMPANY PROFILES

9.1. Gasland Appliances

9.2. Kalptree

9.3. Eccotemp

9.4. EZ Tankless

9.5. CSI International


Gasland Appliances

Kalptree

Eccotemp

EZ Tankless

CSI International