WorldWide Commercial Water Heater Market, Industry / Sector Analysis Report, Regional Outlook & Competitive Market Share & Forecast, 2019 - 2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Commercial Water Heater Market

Industry / Sector Trends

Commercial Water Heater Market size was valued over USD 4.5 billion in 2017 and the annual installation is predicted to exceed 6 million units by 2024.
 

U.S. Commercial Water Heater Market Size, By Energy Source, 2017 & 2024 (USD Million) 

 

Rapid expansion of commercial establishments along with technological advancement toward product design will drive the commercial water heater market size. Growing demand for instant hot water supply across hospitals, hotels and government buildings will enhance the industry outlook. As per the CBRE survey, in 2017, the multinational companies over the next three years have rapid expansion plans across India and China.
 

Ongoing investments toward the development of smart cities and green buildings coupled with energy efficiency codes and standards will drive the market growth. Stringent mandates toward the installation of efficient heating systems across commercial and educational institutes along with increasing need for significant reduction in heating bills will positively influence the industry outlook. In 2015, the U.S. Department of Energy mandated the manufacturers to develop energy efficient heaters by utilizing new technologies, the systems were rated on the basis of their thermal efficiency and standby losses.
 

Market Segmentation, Outlook & Regional Insights: Commercial Water Heater Market

 Commercial Water Heater Market, By Product

Low installation cost, easy maintenance and simple designs are some of the key factors which will foster the storage water heater market. High initial upfront cost along with additional labor wages associated with its substitutes will encourage the product penetration. Availability in range of capacities make the product suitable across wide range of applications.
 

Instant water heater market will grow on account of compact designs, point of use application and low energy consumption. Growing demand across hotels and government buildings owing to significant savings in heating bills along with lower standby losses will boost the product adoption. In addition, integrated leakage detection system, Wi-Fi connectivity and advanced control & communication options will augment the business landscape.
 

Commercial Water Heater Market, By Capacity

Stringent environment protection standards toward limiting the emissions from conventional heating systems will drive the 100-250 liters water heater market. Active measures by industry players toward reducing their carbon footprint will stimulate the product demand.
 

Rising demand across shopping complexes along with government mandates toward the deployment of water heaters across commercial buildings will escalate adoption of 250-400 liters capacity systems. Requirement of effective management and control systems primarily across malls and airports will accelerate the commercial water heater market growth.
 

Commercial Water Heater Market, By Energy Source

Extensive electricity distribution network along with simple designs and ease of installation will augment the electric water heater market share. The tankless products provide highly efficient point of use application with low power consumption. Lower standby losses and stable prices in comparison with volatile fuel cost will enhance the business outlook.
 

Gas water heater market was valued over USD 1 billion in 2017. Higher efficiency and larger flow rates in comparison to electrical substitutes will encourage the product adoption. Growing need for significant savings in electricity bills along with replacement of conventional water heaters will further augment the industry landscape.
 

Commercial Water Heater Market, By Application

Ongoing government mandates toward the installation of efficient heating systems along with growing hot water consumption primarily across colleges & universities will foster the water heater market. Growing investment pertaining to the expansion and construction of educational institutes coupled with rising demand from off grid buildings will augment the industry landscape.
 

Government mandates for the deployment of individual units coupled with growing concerns toward energy efficiency will stimulate the market growth. Rapid adoption of digital technologies along with growing need for instant hot water delivery systems will encourage the product adoption primarily across offices.
 

Commercial Water Heater Market, By Region

Extreme climatic conditions along with considerable growth across service industry will drive the U.S. market. Integrated remote monitoring and automatic control systems enhances the product performance. Replacement and upgradation of existing systems with more efficient and compact designs will complement the industry landscape.
 

Strict environment norms toward limiting carbon emissions coupled with stringent government regulations pertaining to the deployment of efficient electrical appliances will stimulate the Europe commercial water heater market. The European commission in 2013, has introduced energy labeling and eco-design requirements for water heaters with an aim to indicate efficiency class information and product labels.
 

Key Players, Recent Developments & Sector Viewpoints: Commercial Water Heater Market


Notable players across the commercial water heater market include Bradford White, Rinnai Corporation, A.O Smith, Ferroli, Bosch Thermotechnology, State Industries, Linuo Ritter Saudi Ceramics, Haier Electronics, Rheem Manufacturing, Hubbell, Jaquar, Kanch Water Heaters, Ariston Thermo, Vaillant Group, Viessmann Group and Whirlpool.
 

Product differentiation and technological development are key strategic measures adopted by the established players. Furthermore, mergers and acquisitions along with geographical expansion across the emerging economies provides better growth prospects for the business.
 

Commercial Water Heater Industry Viewpoint

 

The water heaters are used to meet the hot water requirements across the commercial establishments and are primarily of two types storage and instant. The traditional storage heaters include a tank and vent pipes, fueled by electricity or gas. The storage heater not only heats up the water but stores it in an insulated tank until it is utilized and eliminates the exhaust through the vent pipes. The heaters are integrated with a temperature and pressure relief valve which open automatically if the pressure inside the heaters exceeds the critical limit, ensuring the safety.

 

Key Insights Covered: Exhaustive Commercial Water Heater Market
1.  Market size (sales, revenue and growth rate) of Commercial Water Heater industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Commercial Water Heater industry.
3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Commercial Water Heater industry.
4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of Commercial Water Heater industry.

Research Methodology: Commercial Water Heater Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.