Written by Ranjeet » Updated on: June 26th, 2025
The latest report by IMARC Group, titled “Australia Electric Water Heater Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025–2033,” offers a comprehensive analysis of the Australia Electric Water Heater market growth. The report includes competitor and regional analysis, along with a breakdown of segments within the industry. The Australia Electric Water Heater market size reached USD 644.8 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,366.6 Million by 2033, exhibiting a growth rate (CAGR) of 7.80% during 2025–2033.
• Base Year: 2024
• Forecast Years: 2025–2033
• Historical Years: 2019–2024
• Market Size in 2024: USD 644.8 Million
• Market Forecast in 2033: USD 1,366.6 Million
• Market Growth Rate 2025–2033: 7.80%
Australia Electric Water Heater Market Overview
The Australia Electric Water Heater Market is experiencing significant growth, driven by the increasing demand for energy-efficient and environmentally friendly appliances. Technological innovations are enhancing the performance and user experience of electric water heaters, making them more appealing to consumers. The ongoing growth in residential and commercial construction projects further contributes to the adoption of electric water heaters. These factors collectively augment the market share of electric water heaters in Australia, positioning them as a preferred choice for water heating solutions.
Request For Sample Report:
https://www.imarcgroup.com/australia-electric-water-heater-market/requestsample
Australia Electric Water Heater Market Trends
• Increasing Demand for Energy-Efficient Solutions: Consumers are becoming more aware of their energy usage and its impact on both the environment and their utility bills. This awareness is driving the demand for energy-saving devices, such as electric water heaters.
• Technological Innovations: Manufacturers are introducing advanced features in electric water heaters, such as precise temperature control and energy efficiency, to meet the evolving needs of consumers.
• Government Incentives: Policies promoting energy-saving standards and incentives for adopting green technologies are encouraging the use of energy-efficient products like electric water heaters.
• Urbanization and Infrastructure Development: The growth in residential and commercial construction projects is leading to an increased demand for water heating solutions, further boosting the market for electric water heaters.
Australia Electric Water Heater Market Segmentation
By Product Type:
• Storage Water Heaters
• Instantaneous Water Heaters
By Capacity:
• Below 30 Liters
• 30–100 Liters
• 100–250 Liters
• 250–400 Liters
• Above 400 Liters
By End User:
• Residential
• Commercial
• Industrial
By Distribution Channel:
• Online
• Offline
By Region:
• New South Wales
• Victoria
• Queensland
• Western Australia
• South Australia
• Tasmania
• Northern Territory
• Australian Capital Territory
Browse Full Report with TOC & List of Figures:
https://www.imarcgroup.com/australia-electric-water-heater-market
Latest Australia Electric Water Heater Market News
• July 2024: Rinnai Australia introduced its first Electric Continuous Flow hot water system, the Rinnai Efinity, designed for residential apartments and office buildings. The system offers precise temperature control, energy efficiency, and a slimline design, marking a significant development in the Australian hot water market.
Key Highlights of the Australia Electric Water Heater Market Report
1. Market Performance (2019–2024)
2. Market Outlook (2025–2033)
3. COVID-19 Impact on the Market
4. Porter’s Five Forces Analysis
5. Strategic Recommendations
6. Historical, Current, and Future Market Trends
7. Market Drivers and Success Factors
8. SWOT Analysis
9. Structure of the Market
10. Value Chain Analysis
11. Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers create lasting impact. The company provides a comprehensive suite of market entry and expansion services, including market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals, licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No: (D) +91 120 433 0800
United States: +1 631 791 1145
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