The global bucket water heater market is on track for significant expansion, with a projected market value of USD 795 million in 2023. The market is expected to grow to USD 1,319.85 million by 2033, reflecting a 5.2% compound annual growth rate (CAGR) over the forecast period from 2023 to 2033.
This growth is fueled by increasing demand for energy-efficient and easy-to-use water heating solutions. Bucket water heaters, known for their ability to provide instant heating at a low cost, are gaining popularity as urbanization accelerates and consumer preferences shift towards convenience and efficiency. As disposable incomes rise and living standards improve, bucket water heaters are becoming an essential component of the global home appliance market.
Related topics:
- DEO Beauty Unveils Innovative 14 oz Digital Wax Heater for Professionals
- Oil Fired Water Heater Market to $280.26 Million by 2032
- Xiaomi to Launch Mijia Smart Crystal Dual Tank Electric Water Heater
