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.
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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.
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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.
Italy Water Heater Market – Segmentation
by Energy Source
• Electricity Water Heaters
• Hybrid Water Heaters
• Solar Water Heaters
by Mode of Water Supply
• On-Demand or Tankless Water Heaters
• Storage or Tank Water Heaters
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• A.O. Smith Corp.
• APES SRL
• Ariston Thermo SPA
• Bandini Scaldabagni SPA
• BAXI S.P.A.
• FENZI S.R.L.
• HEIZER GAS S.R.L.
• Robert Bosch GmbH
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