The following companies are represented in the commercial water heater market: AO Smith (USA), Rinnai Corporation (Japan), Rheem Manufacturing (Scotland), Ariston Thermo spA (Italy), Racold (India), Midea Group (China), Nibe Corporation ( Sweden), Nortiz Corporation (Japan), Hubbell (USA), Valliant (Germany), Lowe’s (USA), Bradford White Corporation (USA), Flexiheat UK Ltd (UK), Daikin Industries (Japan)
The global commercial water heater market size was US$5.59 billion in 2020. The market is expected to grow from $5.98 billion in 2021 to $8.69 billion in 2028 at a CAGR of 5.5% over the period 2021-2028.
ThatCommercial Water Heater Market 2022| Global Energy & Energy Industry Analysis By Impact Of Covid-19 On, Size, Trends, Growth, Share, Business, Key Players, Merger, Statistics, Competitive Landscape And Regional Forecast To 2028 is the latest study published by Fortune Business Insights. The Commercial Water Heater Market Growth Rate or CAGR that a market exhibits for any specific forecast period is calculated based on various factors and their influence on the market.
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Key Industry Development:
June 2020 –AO Smith has announced the launch of 20 new commercial heat pump models. The new product line offers contractors, engineers and architects with their customers an innovative, reliable and energy efficient answer for large commercial applications.
June 2019 –Rheem, a global manufacturer of water heaters and air conditioners, has announced its partnership with United Illuminating (UI), a subsidiary of AVANGRID Inc., and EnergyHub. As part of the program, UI used EnergyHub’s Mercury Energy Resource Management System (DERMS) for aggregation; Rheem has developed intelligent heat pump heating for demand response events.
Scope of Commercial Water Heaters Market Report:
Market size available for years
Base year considered
Revenue in USD million and CAGR from 2021-20281
Types, Applications, End Users and more.
Sales Forecast, Company Ranking, Competitive Landscape, Growth Factors and Trends
scope of customization
Report adjustment at purchase. Adding or changing the scope of countries, regions and segments.
Prices and purchase options
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Drivers of industrial globalization:
Increasing demand for energy efficient products to fuel market growth
Water heaters account for about 18% of building or commercial energy. Several technologies are implemented to improve the efficiency of the product. Thin insulation, improved construction, and advanced heat pumps built into such heaters can improve their efficiency. Therefore, the increasing emphasis on increasing the efficiency of building technologies and systems is likely to fuel the growth of the global commercial water heater market.
Increasing demand for energy efficient products in commercial applications is expected to be a key factor driving the market growth. The increasing use of high-efficiency commercial water heaters to reduce carbon emissions and energy consumption is expected to spur market growth.
Commercial Water Heaters Market COVID-19 Impact Analysis:
Market size before and after COVID-19
A qualitative examination of the long-term and short-term impact of COVID-19 on the industry
The analysis provides the main approaches of the competitors to minimize the impact of the epidemics on their business activities and the scope for future developments.
Stepping into a post-COVID economy: How the power and energy industries will play an integral part in its recovery.request a sample copy
The study provides analysis on market players including:
O Smith (USA)
Rinnai Corporation (Japan)
Rheem Manufacturing (Scotland)
Ariston Thermo SpA (Italy)
Midea Group (China)
Nibe Corporation (Sweden)
Nortiz Corporation (Japan)
Bradford White Corporation (USA)
Flexiheat UK Ltd. (United Kingdom)
Daikin Industries (Japan)
Key segments including types and applications have been detailed in this report. Verified market report consultants examined all segments and used historical data to indicate market size. They also talked about the growth opportunities that the segment could offer in the future. The study provides production and sales data by type and application for the past period and the forecast period (2022-2028).
Industry overview:The first section of the research study provides an overview of the global Commercial Water Heaters market, market status and prospects, and product range. Additionally, it provides highlights of the key segments of the global Commercial Water Heater Market i.e. region, type and application segments.
Competitive Analysis:This report highlights key mergers and acquisitions deals, business expansion, product or service differences, market concentration, competitive status of the global Commercial Water Heaters market, and the market size by players.
Company profiles and key data:This section covers companies profiling the major players in the global Commercial Water Heaters Market based on the above revenue, products, deals and other factors.
Market Size by Type and Application:This section provides not only an in-depth analysis of the global Commercial Water Heater market size by type and application, but also research on the key end-users or consumers and potential applications.
Market Dynamics:This report covers the drivers, trends and opportunities of the global commercial water heater market. This section also includes Porter’s analysis of the five forces.
Results and conclusions:It offers strong recommendations for new and established players to secure a strong position in the global Commercial Water Heater Market.
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Detailed TOC of Global Commercial Water Heater Market Report 2022
Commercial Water Heaters market introduction and market overview
Aims of the study
Overview of the Commercial Water Heater Market
Commercial Water Heater Market Market Scope and Market Size Estimation
Market Concentration Ratio and Market Maturity Analysis
Sales and growth rate of the global Commercial Water Heaters market
Types of Commercial Water Heaters Market
Commercial Water Heater Market Applications
Industry Trends for Commercial Water Heater Market
Commercial Water Heater Market Drivers
Commercial Water Heater Market Market Challenges
Commercial Water Heaters Market Market Restrictions
Industry news and guidelines by region
Mergers and acquisitions, expansion plans
Commercial Water Heater Market Development Trends During COVID-9 Outbreak
Overview of the global COVID-9 status
Influence of COVID-9 outbreak on Commercial Water Heater Market industry development
Industry chain analysis
Upstream analysis of commodity supply and demand
Global Commercial Water Heater Market Major Upstream Raw Materials & Suppliers
Raw Material Source Analysis
Major Players of Commercial Water Heaters Market
Production base of the major players of Commercial Water Heaters Market in 2028
Market distribution of the main players in 2028
Analysis of the manufacturing cost structure of Commercial Water Heaters market
Analysis of the production process
Manufacturing Cost Structure of Commercial Water Heaters Market
Market channel analysis of the Commercial Water Heaters market
Key downstream customers by application
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