U.S. Commercial Water Heater Market Size By Product (Instant [Electric, Gas], Storage [Electric {< 30 Liters, 30-100 Liters, 100-250 Liters, 250-400 Liters, > 400 Liters}, Gas{< 30 Liters, 30-100 Liters, 100-250 Liters, 250-400 Liters, > 400 Liters}]), By Capacity (< 30 Liters, 30-100 Liters, 100-250 Liters, 250-400 Liters, > 400 Liters), By Application (Commercial [College/University, Office, Government/Military]), By Energy Source (Electric, Gas{Natural Gas, LPG})Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 - 2025

Published Date: Oct 2019  |  Report ID: GMI3115  |  Authors: Ankit Gupta

Report Format: PDF   |   Pages: 1030   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Industry Trends

U.S. Commercial Water Heater Market size was valued at over USD 65 million in 2018 with an annual installation to exceed 390 thousand units by 2025.
 

U.S. Commercial Water Heater Market

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The water heater operates by using immersion heating elements, examined by thermostats that regulates the tank temperature. The units are used for the hot water requirements across the several commercial facilities including hospitals, hotels, colleges & universities and government facilities. These are majorly classified into instant and storage units where the, storage heaters integrate an insulated tank & vent pipes, fueled by either electricity or gas. They are further equipped with a temperature and pressure relief valve that opens if the pressure exceeds the critical limit. The study incorporates a detailed analysis of the U.S. commercial water heater market bifurcated on a regional and state basis across college/university, offices, government/military and other applications. In addition, the estimates and forecasts are aligned with data published by respective governing authorities including IEA, EIA IHEA, associated company press releases and regional regulatory bodies.
 

Rapid expansion of high-rise buildings driven by foreign investments will accelerate the U.S. commercial water heater market growth. Substantial reduction in heating bills coupled with strict norms toward adoption of energy efficient electrical appliances will encourage the product adoption. Growing installation of central heating systems along with increasing demand for space heating will encourage the product adoption.
 

U.S. Commercial Water Heater Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 65 Million (USD)
Historical Data for: 2014 to 2018 Forecast Period: 2019 to 2025
Forecast Period 2019 to 2025 CAGR: 6% 2025 Value Projection: 95 Million (USD)
Pages: 1030 Tables, Charts & Figures: 2471
Geographies covered: Illinois, Indiana, Michigan, Ohio, Wisconsin, Alabama, Kentucky, Mississippi, Tennessee, Arkansas, Louisiana, Oklahoma, Texas, Delaware, Florida, Maryland, North Carolina, South Carolina, Virginia, West Virginia, Washington D.C., Connecticut, Georgia, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont, New Jersey, New York, Pennsylvania, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, Alaska, California, Hawaii, Oregon, Washington, Arizona, Colorado, Utah, Nevada, New Mexico, Idaho, Montana, Wyoming
Segments covered: Product (Instant [Electric, Gas], Storage [Electric {< 30 Liters, 30-100 Liters, 100-250 Liters, 250-400 Liters, > 400 Liters}, Gas{< 30 Liters, 30-100 Liters, 100-250 Liters, 250-400 Liters, > 400 Liters}]), Capacity (< 30 Liters, 30-100 Liters, 100-250 Liters, 250-400 Liters, > 400 Liters), Application (Commercial [College/University, Office, Government/Military]), Energy Source (Electric, Gas{Natural Gas, LPG})
Companies covered (18): A.O. Smith, Ariston Thermo SpA, Bosch Thermotechnology, Bradford White Corporation, General Electric Appliances, Haier Electronics, Rheem Manufacturing, Whirlpool Corporation, Rinnai Corporation, State Water Heaters, Viessmann Group, Hubbell, Inc, Havells India Ltd, Watts Water Technologies, Stiebel Eltron GmbH & Co., Westinghouse Electric Corporation, American Standard Water Heaters
Growth Drivers:
  • Growing demand for energy efficient heating systems
  • Replacement of existing water heaters
Pitfalls & Challenges:
  • High installation cost

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Technological advancements will continue to drive the industry share

Rapid growth across the service sector coupled with growing investment toward research and development will fuel the U.S. commercial water heater market size. Growing awareness toward new technologies and product diversity along with rising demand for instant hot water supply across care centers, offices and hospitals will enhance the business outlook. For instance, in 2017, the leading heater manufacturer, A.O. Smith reported a 9% surge in revenues from North America water heating division.
 

Ongoing adoption of instant heating units owing to compact designs and low power consumption will drive the U.S. commercial water heater market. Growing demand for instant hot water across hotels and offices will encourage the product adoption. Furthermore, introduction of advanced models with multiple communication options, Wi-Fi connectivity and leakage detection will augment the business landscape.
 

Rising demand for economical and low emissions system will stimulate the industry growth

Low deployment cost, simple designs and easy maintenance & repair are the key factors stimulating the demand for storage units. Availability of a various capacity ranges for a wide application purpose along with constant supply of pressurized water will favor their adoption. In addition, high cost with added labor charges linked with its counterparts will further boost the product adoption.
 

Strict environment norms to limit the carbon emissions coupled with ongoing shift to cleaner fuels will propel the U.S. commercial water heater market growth. Abundant resource availability along with competitive pricing with well-established infrastructure will further complement the business landscape.
 

Growing installation of varied capacity systems to provide impetus to water heating demand

East North Central commercial water heater market, by capacity, 2018 & 2025 (USD Million)
East North Central commercial water heater market, by capacity, 2018 & 2025 (USD Million)

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Rising investments toward design and manufacturing along with ongoing measures toward reducing respective carbon footprint will drive the demand for 100-250 liters capacity heaters. Prevailing replacement of conventional storage heaters coupled with respective environment safety policies to limit GHG emissions from commercial facilities will lead to deployment of large number of units.
 

Respective government policies toward the installation of ecofriendly units across commercial facilities coupled with increasing demand across shopping complexes will boost the adoption of 250-400 liters heaters. Need for efficient management and control across public outlets including shopping malls and airports will augment the industry landscape.
 

Inclination toward clean energy and power optimization will boost the industry growth

Large heating output, clean combustion and mass flow rate are the key factors augmenting the demand for gas heaters. Growing adoption across off grid areas and regions with frequent power outages will accelerate the product penetration. Rising demand across offices and hotels owing to large hot water consumption will enhance the industry landscape.
 

Growing preference for electric heaters owing to simple designs, hassle free installation & maintenance along with substantial increase in point of connection will foster the U.S. commercial water heater market growth. The average energy factor for an electric unit is 0.95 that is greater when compared with fuel fired models. Furthermore, development of low power consuming systems along with constant prices when compared to volatile fuel cost will complement the industry landscape.
 

Florida to witness growth owing to rapid expansion of tourism

Florida commercial water heater market, by application, 2018 (USD Million)
Florida commercial water heater market, by application, 2018 (USD Million)

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Rapidly expanding tourism coupled with growing demand across resorts and hotels will stimulate the U.S. commercial water heater market growth. Nevada and Florida are the primary tourist destinations of the U.S. In 2017, the travel & tourism industry added over USD 1501.9 billion to the GDP and is expected to grow by 8.4% in 2028.
 

The Texas commercial water heater industry was valued over USD 3 million in 2018. Presence of prominent commercial centers coupled with positive growth across the healthcare sector will complement the business landscape. Massive installation of instant heating units across care centers and hospitals owing to on demand heating and product longevity will encourage the product adoption.
 

Product innovation and technological alliances to remain a major strategic implementation

Increasing investments toward R&D and product development are the key strategies followed by the companies. In addition, acquisitions & mergers coupled with alliances with leading technology providers will bring new growth prospects for the industry. In January 2018, Rheem integrated its smart water heaters with the DERMS platform of EnergyHub, a connected device and distributed energy resource solution (DER) providing company. The partnership allows the utility clients to dispatch, monitor and optimize the Rheem’s water heater for delivering grid services.
 

Eminent players participating in the U.S. commercial water heater market include Bosch Thermotechnology, A.O Smith, Bradford White, State water heaters, Rinnai Corporation, Rheem Manufacturing, Ariston Thermo, Haier Electronics, Hubbell, Whirlpool and Viessmann Group.
 

U.S. commercial water heater market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD” and “Units” from 2019 to 2025, for the following segments:

By Product

  • Instant
    • Electric
    • Gas
  • Storage
    • Electric
      • Below 30 Liters
      • 30-100 Liters
      • 100-250 Liters
      • 250-400 Liters
      • Above 400 Liters
    • Gas
      • Below 30 Liters
      • 30-100 Liters
      • 100-250 Liters
      • 250-400 Liters
      • Above 400 Liters

By Energy Source

  • Electric
  • Gas
    • Natural Gas
    • LPG

By Application

  • College/University
  • Offices
  • Government/Military
  • Others

By Capacity

  • Below 30 Liters
  • 30-100 Liters
  • 100-250 Liters
  • 250-400 Liters
  • Above 400 Liters

The above information is provided on a regional and state basis for the following:

  • East North Central
    • Illinois
    • Indiana
    • Michigan
    • Ohio
    • Wisconsin
  • West South Central
    • Arkansas
    • Louisiana
    • Oklahoma
    • Texas
  • South Atlantic
    • Delaware
    • Florida
    • Georgia
    • Maryland
    • North Carolina
    • South Carolina
    • Virginia
    • West Virginia
    • Washington, D.C.
  • North East
    • Connecticut
    • Maine
    • Massachusetts
    • New Hampshire
    • Rhode Island
    • Vermont
    • New Jersey
    • New York
    • Pennsylvania
  • East South Central
    • Alabama
    • Kentucky
    • Mississippi
    • Tennessee
  • West North Central
    • Iowa
    • Kansas
    • Minnesota
    • Missouri
    • Nebraska
    • North Dakota
    • South Dakota
  • Pacific States
    • Alaska
    • California
    • Hawaii
    • Oregon
    • Washington
  • Mountain States
    • Arizona
    • Colorado
    • Utah
    • Nevada
    • New Mexico
    • Idaho
    • Montana
    • Wyoming
       

Frequently Asked Questions (FAQ) :

U.S. industry for commercial water heater will achieve over 6% CAGR from 2019 to 2025.
Growing installation for energy efficient heating systems governed by stringent industry standards and extreme climatic conditions are the key growth drivers for United States commercial water heater industry.
United States commercial water heater industry was valued at over USD 65 million in 2018.

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