U.S. Commercial Water Heater Market size to exceed $95mn by 2025

U.S. Commercial Water Heater Market size is expected to surpass USD 95 million by 2025, as reported in the latest study by Global Market Insights, Inc.
 

Rapid development of government funded green building projects coupled with stringent building efficiency standards and codes will drive the U.S. commercial water heater market. Ongoing construction of smart cities coupled with respective government provisions to install advanced heating appliances to minimize electricity consumption and carbon emissions will positively enhance the industry outlook. The U.S. DOE directed the engineers and manufacturers to adopt new technologies for manufacturing units, graded on thermal efficiency and standby loss.


 

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Rapid expansion of building infrastructure driving the water heater demand

Ongoing expansion of hospitals and shopping malls coupled with construction of high-rise buildings will foster the industry growth. Prevailing expansion of service sector along with extensive development of existing manufacturing capabilities will complement the business landscape. Furthermore, product innovation with integration of advance interaction features including remote control & management and Wi-Fi integration will boost the product adoption.
 

Burgeoning demand owing to substantial support from local and state authorities

Rapid expansion of service sector coupled with government measures to support the existing businesses across Michigan and other states will fuel the growth across East North Central market. For instance, as per the 2018 ENERGY STAR water heater programs, Illinois received maximum budgets across the region, reaching over USD 10 to 25 million. Furthermore, ongoing support from small cooperatives and municipal utilities along with surging demand for hot water will enhance the industry outlook.
 

Browse key industry insights spread across 1030 pages with 2440 market data tables & 31 figures & charts from the report, “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 (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), Application Potential, Competitive Market Share & Forecast, 2019 - 2025”in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/us-commercial-water-heater-market

 

Ongoing promotional schemes and stringent industry standards will stimulate the water heater demand

Prevailing promotional events in order to increase the adoption of energy efficient appliances coupled with government provided incentives and rebates will fuel the business growth. Rising concerns for carbon emissions along with escalating demand for clean energy solutions will further lead to industry growth. Extensive deployment of gas storage and tankless units coupled with replacement of conventional storage heaters to comply with stringent industry standards will encourage the production adoption.
 

Escalating demand for water heating along with expanding tourism sector to boost water heater adoption

Swift expansion of tourism along with incessant hot water requirement across hotels and hospitals has led to the adoption of instant water heating units. Surging installations in offices due to low power consumption and on demand heating will boost the product adoption. In addition, growing installation across resorts and skyscraper buildings on account efficient performance and high energy factor compared with its counterparts will augment the industry landscape.
 

Extreme climatic conditions along with rapid development of hospitality sector will drive the North East market growth

North East commercial water heater market will expand owing to strong growth across the hospitality and healthcare sector. The Pennsylvania, New Jersey and New York are amongst the biggest commercial centers of the region. Massive building infrastructure with growing investments toward construction have enhanced the industry outlook. Furthermore, extreme climatic conditions during winters have escalated the demand for hot water with deployment of large number of units.
 

Key players operating in the U.S. commercial water heater market include Bosch Thermotechnology, A.O Smith, Hubbell, Whirlpool Corporation, Bradford White, Viessmann Group, Rinnai Corporation, Rheem Manufacturing, State Industries, Ariston Thermo and General Electric Appliances. Growing competition with new product development and introduction of advanced technologies will drive the industry growth.
 

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