U.S. Commercial Water Heater Market size to exceed $670mn by 2026

U.S. Commercial Water Heater Market size is expected to surpass USD 670 Million by 2026, as reported in the latest study by Global Market Insights, Inc.
 

Water heating has become a necessity across commercial establishments with businesses looking for smart investments to create value by reducing the monthly expenses. The rising per capita income along with the improvement in living standards has also escalated the U.S. commercial water heater industry outlook. In addition, upgradation, and replacement of existing models with more efficient & compact systems will amplify the demand for advanced commercial water heater technologies. Government inclination toward the adoption of energy-efficient appliances across new building establishments will further accelerate the industry growth.

 

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Lower maintenance and operational costs associated with instant commercial water heaters will proliferate the market statistics

The instant commercial water heaters market demand is expected register over 9% CAGR over the forecast timeline, on account of their compact design, greater efficiency, and low energy consumption. The systems have a longer life span, easily replaceable parts along with lower standby losses in comparison with their counterparts. In addition, ongoing R&D measures along with technological development by the industry players operating in the U.S. commercial water heater market have resulted in availability of multiple variants with advanced features. Wi-Fi connectivity, corrosion resistance, communication and control options along with leakage detection system will augment the industry growth in the forthcoming years.
 

Lower operational cost coupled with long term saving capabilities of 240-400-liter units will drive the U.S. commercial water heater market growth

Large buildings require mass flow and energy efficient heating solutions to ensure cost saving and stable supply of energy for water heating. Long term savings and low operation cost has led to the deployment 250-400 liters systems across commercial buildings, which will enhance the market size of commercial water heaters. These products are suitable for meeting the water heating requirements of both small and large establishments including hotels, shopping complexes, airports, etc. In addition, advanced temperature control options further provide multiple operational gains for several application purposes and therefore stimulating the market outlook.
 

Browse key industry insights spread across 1050 pages with 2440 market data tables & 39 figures & charts from the report, “U.S. Commercial Water Heater Market Statistics 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 Energy Source (Electric, Gas {Natural Gas, LPG}) By Application (College/University, Office, Government/Military, Others), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/us-commercial-water-heater-market
 

Easy installation coupled with higher energy efficiency will propel the electric commercial water heater system demand

Simple design and low cost are some of the key factors responsible for rising demand for electric commercial water heaters. These electric units are expected to hold a market share of over 60% in 2019. These electric water heater units are suitable for a wide range of applications owing to easy installation and availability in multiple sizes. The electric tankless units provide highly efficient point of use application for several commercial establishments. The minimum energy factor set by National Appliance Energy Conservation Act for the systems is 0.95, whereas that for gas units is 0.64. Lower standby losses along with lesser regulatory requirements in comparison with gas variants will complement the market outlook.
 

Ongoing investments toward creating a green building economy will enhance the product deployment across office buildings

U.S. commercial water heater market will witness significant growth on account of rising deployment across commercial establishments including office spaces and enterprise buildings. The office spaces are replacing their existing water heating systems in order meet the energy efficiency guidelines and stringent building standards and codes. In addition, the government authorities across the U.S. are making significant investment toward development of green buildings. Deployment of gas and tankless heating units further helps in attaining the requirements associated with carbon emissions, water and energy conservation, which will augment the market growth. Furthermore, the construction of new colleges and offices buildings across the emerging states will further escalate the market demand.
 

Extreme climatic conditions will improve the market opportunities for product adoption from East North Central region

Severe winters with cities ravaged with snow are likely to bring extensive demand for commercial water heaters across the U.S. Expansion of existing manufacturing facilities along with government measures to upscale the business across the state of Michigan and others will positively influence the market demand. New market players are entering in the industry on account of ongoing promotional activities by local authorities for energy efficient products. In addition, robust promotions of commercial water heater by municipal utilities and small cooperatives will augment the market growth. The East North Central region is anticipated to witness over 7% CAGR between 2020 to 2026.
 

Key players operational in the U.S. commercial water heater market include Ariston Thermo S.p.A, Rinnai Corporation, Bosch Thermotechnology, Haier Electronics, Rheem Manufacturing Company, A.O. Smith, Whirlpool Corporation, Bradford White corporation, General Electric Appliances, State Water Heaters amongst others.
 

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