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Water Heaters

Water heaters are equipment used to heat and store water depending on the type of the system used. Increasing consumer demand along with government standards for heating equipment drive the higher energy efficiency of the equipment. A variety of tank and tankless water heaters differentiated on the capacity and the type of fuel used define their utilization across numerous applications. The water heater industry experiences a shift on account of mounting demand for smart and energy efficient heating systems, growing dispensable incomes, increasing industrialization and urbanization, and shifting consumer focus toward the replacement of conventional heating equipment. Shift to e-commerce distribution channels post COVID-19 has affected the commercialization of the water heaters, which is further reinforced by the continuous technological advancements comprising integration of a wide variety of innovative features and designs including enhanced control, precise monitoring and smartphone enabled facilities. Robust investments across the private and public sectors in line with ongoing urbanization and ongoing improvements in living standards will accelerate the industry landscape. Growing consumer spending toward energy efficient water heating appliances along with the introduction of IoT enabled, smartphone compatible, smart alert and cloud-based compatibility features in water heaters is positively impacting its adoption among end users.

Continuous industrialization and urbanization across the emerging nations along with stringent government standards and codes is strengthening the product penetration. Ongoing expansion of high-rise buildings along with the development of smart city projects is expanding the demand for new & customized water heating appliances with enhanced safety features across the multi apartments and commercial buildings.

  • Growing disposable income in line with increased spending toward the replacement of traditional water heaters among end users.
  • Extensive research and development activities focusing on the development of low emission water heating solutions.
  • Robust development of smart home connecting devices equipped with wireless connections, digital temperature controls, precise monitoring, glass lined coatings and self-cleaning systems.
  • Rising deployment of modern water heaters across residential and commercial establishments on account of increased energy bills along with the ability of these units to offer instant heating with high supply output and low energy consumption.

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Published: December 2024   

Solar Water Heater Market80 Pages

The global solar water heater market was valued at USD 2.9 billion in 2024 and is estimated to grow at a CAGR of 5.7% from 2025 to 2034. ...

Published: December 2024   

Electric Water Heater Market80 Pages

The global electric water heater market size was valued at USD 23.8 Billion in 2024 and is estimated to grow at a CAGR of 4.2% from 2025 to 2034....

Published: December 2024   

Water Heater Market100 Pages

The global water heater market was valued at USD 33.7 billion in 2024 and is estimated to grow at a CAGR of 5.6% from 2025 to 2034....

Published: December 2024   

Gas Water Heater Market80 Pages

The global gas water heater market was valued at USD 9.8 billion in 2024 and is estimated to grow at a CAGR of 6.7% from 2025 to 2034. ...

Published: November 2024   

Asia Pacific Storage Water Heater Market70 Pages

Asia Pacific Storage Water Heater Market was valued at USD 6.5 billion in 2024 and is estimated to grow at a CAGR of 6.5% from 2025 to 2034. ...

Published: November 2024   

Instant Water Heater Market100 Pages

The global instant water heater market was valued at USD 17.1 billion in 2024 and is estimated to grow at a CAGR of 5% from 2025 to 2034. ...

Published: November 2024   

AMI Water Meter Market100 Pages

The global AMI water meter market was valued at USD 1.6 billion in 2024 and is estimated to grow at a CAGR of 30% from 2025 to 2034....

Published: November 2024   

Middle East Water Heater Market100 Pages

Middle East Water Heater Market was valued at USD 1.75 billion in 2023 and is set to witness 5.7% CAGR between 2024 and 2032....

Published: November 2024   

Saudi Arabia Water Heater Market60 Pages

Saudi Arabia Water Heater Market size was valued at USD 542.7 million in 2023 and is anticipated to grow at a CAGR of 5% between 2024 and 2032. ...

Published: October 2024   

U.S. Gas Water Heater Market100 Pages

U.S. gas water heater market size was valued at USD 1.79 billion in 2023 and is estimated to grow at a CAGR of 6.1% from 2024 to 2032. ...

Published: August 2024   

Residential Water Heater Market150 Pages

Residential Water Heater Market was valued at USD 26.9 billion in 2023 and is anticipated to grow at a CAGR of over 5.5% between 2024 and 2032. ...

Published: August 2024   

Storage Water Heater Market150 Pages

Storage Water Heater Market was valued USD 19.1 billion in 2023 and is anticipated to grow at a CAGR of 5.8% from 2024 to 2032. ...

Published: July 2024   

Asia Pacific Water Heater Market400 Pages

Asia Pacific Water Heater Market size was valued USD 11.25 billion in 2023 and is anticipated to grow at a CAGR of 6.6% from 2024 and 2032. ...

Published: June 2024   

North America Residential Water Heater Market190 Pages

North America Residential Water Heater Market was valued USD 3.17 billion in 2023 and is anticipated to grow at a CAGR of 6% between 2024 and 2032....

Published: May 2024   

Commercial Water Heater Market422 Pages

Commercial Water Heater Market was valued USD 7.22 billion in 2023 and is anticipated to grow at a CAGR of 6.8% from 2024 to 2032...

Published: June 2022   

U.S. Commercial Water Heater Market1700 Pages

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....

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