Electric Water Heaters Market is Rising in Upcoming Years | 2035
The global Electric Water Heaters Market has demonstrated steady expansion, supported by rising urbanization, improvements in electrical infrastructure, and increasing demand for energy-efficient household appliances. In 2025, the market was valued at USD 28.9 billion and is projected to reach USD 47.6 billion by the end of 2035. This growth reflects a compound annual growth rate (CAGR) of 5.7% during the forecast period from 2026 to 2035.