Northern America - Electric Water Heaters and Immersion Heaters - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNorthern America: Electric Water Heater Market 2025
Electric Water Heater Market Size in Northern America
The North American electric water heater market stood at $X in 2022, increasing by 9.9% against the previous year. The total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +9.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +24.0% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in years to come.
Electric Water Heater Production in Northern America
In value terms, electric water heater production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 34%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.
Electric Water Heater Exports
Exports in Northern America
In 2022, shipments abroad of electric water heaters and immersion heaters was finally on the rise to reach X units for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 38% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.
In value terms, electric water heater exports amounted to $X in 2022. Total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.0% against 2020 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 24% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.
Exports by Country
The United States was the key exporting country with an export of about X units, which finished at 78% of total exports. It was distantly followed by Canada (X units), mixing up a 22% share of total exports.
The United States was also the fastest-growing in terms of the electric water heaters and immersion heaters exports, with a CAGR of +3.1% from 2012 to 2022. Canada (-7.9%) illustrated a downward trend over the same period. The United States (+24 p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by -24.4% from 2012 to 2022, respectively.
In value terms, the United States ($X) remains the largest electric water heater supplier in Northern America, comprising 86% of total exports. The second position in the ranking was held by Canada ($X), with a 14% share of total exports.
In the United States, electric water heater exports expanded at an average annual rate of +6.6% over the period from 2012-2022.
Export Prices by Country
The export price in Northern America stood at $X per unit in 2022, with an increase of 12% against the previous year. Export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric water heater export price increased by +64.0% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by 25% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada amounted to $X per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+16.0%).
Electric Water Heater Imports
Imports in Northern America
In 2022, approx. X units of electric water heaters and immersion heaters were imported in Northern America; flattening at the previous year. The total import volume increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 15% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, electric water heater imports surged to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +9.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.0% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 27%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.
Imports by Country
The United States prevails in imports structure, resulting at X units, which was near 91% of total imports in 2022. It was distantly followed by Canada (X units), generating an 8.9% share of total imports.
The United States was also the fastest-growing in terms of the electric water heaters and immersion heaters imports, with a CAGR of +4.1% from 2012 to 2022. Canada experienced a relatively flat trend pattern. While the share of the United States (+2.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-2.9 p.p.) displayed negative dynamics.
In value terms, the United States ($X) constitutes the largest market for imported electric water heaters and immersion heaters in Northern America, comprising 84% of total imports. The second position in the ranking was taken by Canada ($X), with a 16% share of total imports.
In the United States, electric water heater imports increased at an average annual rate of +9.6% over the period from 2012-2022.
Import Prices by Country
The import price in Northern America stood at $X per unit in 2022, with an increase of 17% against the previous year. Import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric water heater import price increased by +36.5% against 2020 indices. The pace of growth appeared the most rapid in 2014 an increase of 19%. The level of import peaked in 2022 and is likely to continue growth in the near future.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the United States amounted to $X per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+7.9%).
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This report provides an in-depth analysis of the electric water heater market in Northern America. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27512530 - Electric instantaneous water heaters
- Prodcom 27512550 -
- Prodcom 27512570 -
- Prodcom 27512560 - Electric water heaters and immersion heaters (excluding instantaneous water heaters)
Country coverage:
- Bermuda
- Canada
- Greenland
- Saint Pierre and Miquelon
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in Northern America, split by region and country
- Trade (exports and imports) in Northern America
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Bermuda
- Canada
- Greenland
- Saint Pierre and Miquelon
- United States
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LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption, By Country, 2018–2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Destination, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Origin, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Consumption, By Country, 2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Production, By Country, 2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, 2012–2024
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