The increased need to handle peak hour hot water demand in any commercial building infrastructure combined with timely availability of supply will accelerate business growth. A gas water heater consists of a burner installed on the floor and a chimney operating according to the principle. convection current. The heat rises upwards and raises the temperature of the cold water entering through the supply tube.
Water Heater market size was valued at USD 27.36 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4% from 2021 to 2027.
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The companies operating across the market include A.O Smith, Lennox, BDR Thermea Group, Ariston Thermo, Bradford White Corporation, Haier Electronics, Bosch Thermotechnology, Racold, Whirlpool Corporation, Rinnai Corporation, Rheem Manufacturing, Ferroli, Hubbell Electric Heater Company.
By Product
- Instant
- Storage
By Capacity
- <30 Liters
- 30-100 Liters
- 100-250 Liters
- 250-400 Liters
- >400 Liters
By Application
- Residential
- Commercial
- College/University
- Offices
- Government/Military
- Others
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Scope of the Report
The research study analyzes the global Gas Water Heater industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Gas Water Heater Market Report
1. What was the Gas Water Heater Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Gas Water Heater Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Gas Water Heater Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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