Gas Water Heater Market size to exceed $10bn by 2026

Gas Water Heater Market is expected to surpass USD 10 billion by 2026, as reported in the latest study by Global Market Insights, Inc.
 

Establishment of energy efficient star rated technologies along with ongoing advancement of conventional water heating units will stimulate the gas water heater industry growth. The major players in this segment are introducing upgraded models with vital improvements in terms of aesthetics, designs and functions. Features including thickened PUF insulation coating, AI integrated units and systems having compatible user-interface will encourage mass product adoption.

 

Request Sample Buy NowInquiry Before Buying

 

Escalating per capita income and improved living standards will fuel the gas water heater market trends. The shifting customer focus towards more crafty designs and features including easy installation, capacity variants, and safety enabled devices will foster the market growth. Rising multifamily establishments coupled with increased demand for hot water across various household requirements will complement the business landscape.
 

Booming tourism sector and ongoing building refurbishment activities will boost the demand for instant gas heaters

Strengthening investment opportunities owing to funds from private entities including institutions like World Bank coupled with mandatory sustainable building energy standards will fuel the gas water heater market outlook. Increasing need to suffice for peak hour demand for warm water along with the expansion of hospitality sector will stimulate the product demand for instant units. For instance, France experienced a surging number of over 89 million international tourists in the year 2018.
 

The commercial sector is predicted to grow over 7.5% through 2026

Availability of tankless or multi capacity variants, competitive pricing and different fuel options are the key factors complementing the global market trends across the commercial applications. The manufactures turned service providers are not only coming up with innovative products details but are also providing free maintenance and repair services. The products are highly suitable across areas with frequent power cuts along with its ability to provide continuous uninterrupted supply will further boost their adoption.
 

Browse key industry insights spread across 655 pages with 1,456 market data tables & 34 figures & charts from the report, “Gas Water Heater Market Size By Product (Instant ,Storage), By Capacity (< 30 Liters, 30-100 Liters, 100-250 Liters, 250-400 Liters, > 400 Liters), By Application (Residential, Commercial [College/University, Office, Government/Military]), By Fuel (Natural Gas, LPG), Industry Analysis Report, Regional Outlook Application Potential, Competitive Market Share & Forecast, 2020 - 2026in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/gas-water-heater-market
 

Robust expansion of service sector development across developing nations will fuel the growth across North America region

U.S. gas water heater market is anticipated achieve significant growth in the coming years pertaining to the robust expansion of service sector. Integration of new features to gain customer attention along with strong industry rivalry will enhance the industry outlook. High standards of living and increased focus on smart home appliances and décor will result in the installation of compact instant water heating models. In addition, ongoing building refurbishment activities and growing awareness toward adoption measures to reduce carbon footprint will complement the business landscape.
 

Eminent player functioning across the gas water heater market include Ariston Thermo, A.O Smith, Haier Electronics, Lennox, Bosch Thermotechnology, Racold, Whirlpool Corporation, Rheem Manufacturing, State Water Heaters, Westinghouse Electric Corporation, Rinnai Corporation, Ferroli, Bradford White, Havells India Limited, Hubbell Electric Heater Company, Parker Boiler Company, American Standard Water Heaters, BDR Thermea Group, Vaillant Group, HTP Comfort Solutions and Noritz Corporation. The leading companies are focusing toward technological upgradation and integration of new technologies to make the product more attractive amongst its immediate counterparts.
 

We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X