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

North America Gas Water Heater Market Trends

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

Download Free Sample

North America Gas Water Heater Market Trends

Adoption of smart home technology is influencing the gas water heater market growth. Manufacturers developing smart appliances that can be controlled remotely provide users with convenience and energy savings. Further, growing environmental consciousness among users for systems with low NOx emissions will continue to influence the product adoption. In addition, shifting consumer awareness toward advance technological and product development is anticipated to accelerate the business landscape.

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.