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U.S. Commercial Water Heater Market Size
- Report ID: GMI3115
- Published Date: Jun 2022
- Report Format: PDF
U.S. Commercial Water Heater Market Size
U.S. Commercial Water Heater Market size exceeded USD 639.5 million in 2023 and is projected to expand at over CAGR of 9.2% from 2024 to 2032. High energy savings, increased efficiency, flexible integration across multiple building in line with continuous adoption of ecofriendly sources will boost the business demand. Additionally, ongoing deployment of efficient systems to offer secure heating services will positively augment the market statistics.
The COVID- 19 outbreak has slightly impacted the U.S. commercial water heater market owing to a continuous decline in manufacturing facilities coupled with a delay in various projects and limited product deployment. However, with the decreasing number of infected cases and the resumption of industry operations has set to recover the industry potential. Moreover, ongoing government norms and investments in the expansion of renewable devices will further accelerate the market demand.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| U.S. Commercial Water Heater Market Size in 2023: | USD 639.5 Million |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 9.2% |
| 2032 Value Projection: | USD 1.3 Billion |
| Historical Data for: | 2019 - 2023 |
| No. of Pages: | 1,700 |
| Tables, Charts & Figures: | 3,693 |
| Segments covered: | Product, Capacity, Energy Source, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
U.S. Commercial Water Heater Market Scope
