Home > Industrial Machinery > HVAC > Water Heater > North America Gas Water Heater Market

North America Gas Water Heater Market Size

  • Report ID: GMI7273
  • Published Date: Nov 2023
  • Report Format: PDF

North America Gas Water Heater Market Size

North America Gas Water Heater Market was valued at USD 2.2 billion in 2022 and is anticipated to grow at a 6.3% CAGR from 2023 to 2032. Driven by the rising household appliance used to heat water for various domestic purposes, such as bathing, cleaning, cooking, and space heating. Gaining popularity of energy-efficient models among consumers owing to their cost savings and reduced environmental impact along with their flexibility across both residential and commercial applications will drive the industry outlook.

 

 

North America Gas Water Heater Market

To understand key trends  
Download Free Sample
 

Moreover, governments offering incentives and rebates for the installation of energy-efficient gas water heaters, encouraging consumers to choose eco-friendly options will enhance the North America gas water heater market potential. For instance, in May 2022, the U.S. Department of Energy, proposed new energy-conservation standards for commercial water heating equipment, including storage and instantaneous water heaters, and gas hot water supply boilers. The proposed standards would require commercial water heaters to incorporate condensing technology, which will significantly reduce the energy consumption by extracting additional heat from the combustion process.
 

 

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of North America gas water heater was exceeded USD 2.2 billion in 2022 and is anticipated to reach USD 4.1 billion by 2032, driven by rising need for heating water for bathing, cleaning, cooking, and space heating in the region.

North America storage gas water heater market size may record over 6% CAGR from 2023 to 2032, owing to the rise in smart city construction projects along with the continuous expansion of zero emission green building plans.

U.S. gas water heater market size will grow at more than 5.5% CAGR from 2023 to 2032, owing to rising demand from restaurants and resorts for instant hot water supplies in washrooms, kitchens, saunas, and swimming pools.

Some of the leading gas water heater companies in North America are A. O. Smith, Lennox International Inc., Ariston Thermo USA LLC, BDR Thermea Group, Bosch Thermotechnology Corp., and Bradford White Corporation.

North America Gas Water Heater Market Scope

Buy Now

Access to only 1 person; cannot be shared; cannot be printed
Access for 2 to 5 users only within same department of one company
Access to a company wide audience; includes subsidiary companies or other companies within a group of companies

Premium Report Details

  • Base Year: 2022
  • Companies covered: 17
  • Tables & Figures: 217
  • Countries covered: 2
  • Pages: 400
 Download Free Sample