Italy water heater market is anticipated to grow at a CAGR 6.1% during the forecast period. Italy records a substantial amount of manufacturing, and industrial production. Therefore, energy requirement is quite high in Italy. Cooling and heating application require ample amount of electricity in the market due to environment conditions. Therefore, with growing demand for energy, Italy is emerging as a key region for the adoption of renewable energy sources. Italy recorded electricity demand of 26 billion kWh in May 2018 with an increase of 1.3% as compared to May 2017.

According to the Heat Roadmap Europe, Italy contributes a share of 11% in energy consumption for heating purpose, while Germany is leading with 22% electricity consumption for heating. In Italy, residential sector generates heat demand for space heating, sanitary application, and others while commercial sector requires heating for inventory, super markets, shopping malls, and others. In the industrial sector, automotive production, manufacturing industry, energy generation facilities and others contribute to the heat demand. Demand for heat pumps for water heating is expected to increase due to growing application of water heating equipment in commercial and industrial sector.

According to the European Network of Transmission System Operators for Electricity (ENTSO-E), in Italy, the demand for heat pump is estimated to reach 3.66 million units in 2030, and 4.98 million units in 2040. Heat pumps are used to heat water, air, and land and in order to increase efficiency of heat pumps booster heaters are deployed with heat pumps which helps to deliver high temperature at considerable rate. With the help of booster heater, demand is estimated to grow further in industrial application for large capacity heating. The key players of Italy water heater include Ariston Thermo SPA, A.O. Smith Corp., APES SRL, Bandini Scaldabagni SPA, BAXI S.P.A., FENZI S.R.L., Robert Bosch GmbH and HEIZER GAS S.R.L.

Research Methodology

The market study of the Italy Water Heater market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for the electronic industry, ICT (Information and Communication Technology) and other related companies for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Italy  Water Heater Market Research and Analysis by Energy Source

2. Italy  Water Heater Market Research and Analysis by Mode of Water Supply 

3. Italy  Water Heater Market Research and Analysis by End-User

The Report Covers

• Comprehensive research methodology of the Italy Water Heater market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Italy Water Heater market.
• Insights about market determinants which are stimulating the Italy Water Heater market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.