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PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1336646

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PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1336646

Commercial Water Heater Market Size By Product, By Capacity, By Application, By Energy Source, 2023 - 2032

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Global Commercial Water Heater Market will register steady growth from 2023 to 2032, driven by government regulations and incentives promoting the use of energy-efficient appliances. In April 2023, the UK government launched a campaign to help organizations save money on energy bills by improving energy efficiency. UK businesses, charities, and other organizations will continue receiving energy bill support, with energy and trade-intensive industries expected to save around 20% on wholesale energy costs.

The growth of commercial and industrial sectors, such as hospitality, healthcare, and manufacturing, increases the demand for hot water for various applications. The rising focus on energy efficiency and sustainability drives the adoption of high-efficiency water heaters, reducing operational costs and environmental impact. Additionally, technological advancements in water heater design cater to the demand for compact and innovative solutions, contributing to the expansion of the Commercial Water Heater industry.

The overall Commercial Water Heater Market is classified based on product, capacity, application, and region.

Based on the product, the storage segment will contribute significantly to the market from 2023-2032. These heaters are preferred by businesses and industries that require a continuous hot water supply. The ability to store and maintain large volumes of hot water makes storage water heaters suitable for various commercial applications, including hotels, restaurants, hospitals, and manufacturing facilities. Moreover, their reliability, cost-effectiveness, and ease of installation contribute to their popularity in the commercial sector.

By capacity, the 200-400 liters segment will show a high growth rate from 2023-2032. These larger capacity heaters are ideal for catering to the hot water requirements of commercial establishments, such as hotels, restaurants, and hospitals, that need a substantial and continuous supply of hot water. The ability to serve multiple outlets simultaneously and the convenience of meeting high-demand periods make water heaters in the 200-400 liters capacity range popular choices in the commercial sector.

Regarding the application, the government and military segment will contribute significantly to the market from 2023-2032. Several government facilities, military bases, and defense installations require reliable and efficient hot water supply for various purposes, such as sanitation, laundry, and kitchen requirements. The high-performance and heavy-duty water heaters cater to the specific requirements of these establishments, ensuring continuous and safe hot water supply in critical situations.

Regionally, the Europe commercial water heater market will gain traction during 2023-2032 due to the region's diverse commercial sectors. Moreover, Europe's increasing focus on energy efficiency and sustainable practices encourages the adoption of high-efficiency water heaters, reducing operational costs and environmental impact. Stringent regulations and incentives promoting energy-efficient appliances also contribute to the market's growth. The demand for commercial water heaters in Europe is further fueled by technological advancements, offering innovative and eco-friendly solutions to meet the diverse hot water requirements of various industries.

Product Code: 2910

Table of Contents

Chapter 1 Methodology & Scope

  • 1.1 Market definitions
  • 1.2 Base estimates & calculations
  • 1.3 Forecast calculation
  • 1.4 Data sources
    • 1.4.1 Secondary
      • 1.4.1.1 Paid sources
      • 1.4.1.2 Unpaid sources
    • 1.4.2 Primary

Chapter 2 Executive Summary

  • 2.1 Commercial Water Heater industry 360 degree synopsis, 2019 - 2032
    • 2.1.1 Business trends
    • 2.1.2 Product trends
    • 2.1.3 Capacity trends
    • 2.1.4 Energy source trends
    • 2.1.5 Application trends
    • 2.1.6 Regional trends

Chapter 3 Commercial Water Heater Industry Insights

  • 3.1 Industry ecosystem analysis
    • 3.1.1 Vendor matrix
  • 3.2 Regulatory landscape
  • 3.3 Industry impact forces
    • 3.3.1 Growth drivers
      • 3.3.1.1 North America & Latin America
        • 3.3.1.1.1 Growing demand for energy efficient equipment
        • 3.3.1.1.2 Replacement of conventional heating systems
      • 3.3.1.2 Europe
        • 3.3.1.2.1 Government mandates pertaining to energy efficiency
        • 3.3.1.2.2 Growing demand for refurbishment of existing water heaters
      • 3.3.1.3 Asia Pacific
        • 3.3.1.3.1 Rapid urbanization & advanced product customization
        • 3.3.1.3.2 Growing demand for smart heating equipment
      • 3.3.1.4 Middle East & Africa
        • 3.3.1.4.1 Advancing technology coupled with rising emission standards
    • 3.3.2 Industry pitfalls & challenges
      • 3.3.2.1 High upfront cost
  • 3.4 Growth potential analysis
  • 3.5 Porter's Analysis
    • 3.5.1 Bargaining power of suppliers
    • 3.5.2 Bargaining power of buyers
    • 3.5.3 Threat of new entrants
    • 3.5.4 Threat of substitutes
  • 3.6 PESTEL Analysis

Chapter 4 Competitive Benchmarking

  • 4.1 Innovation & sustainability landscape
  • 4.2 Competitive landscape, 2022
    • 4.2.1 Strategic dashboard

Chapter 5 Commercial Water Heater Market, By Product

  • 5.1 Key product trends
  • 5.2 Instant
  • 5.3 Storage

Chapter 6 Commercial Water Heater Market, By Capacity

  • 6.1 Key capacity trends
  • 6.2 <30 Liters
  • 6.3 30-100 Liters
  • 6.4 100-250 Liters
  • 6.5 250-400 Liters
  • 6.6 >400 Liters

Chapter 7 Commercial Water Heater Market, By Energy Source

  • 7.1 Key energy source trends
  • 7.2 Electric
  • 7.3 Gas

Chapter 8 Commercial Water Heater Market, By Application

  • 8.1 Key application trends
  • 8.2 College/University
  • 8.3 Office buildings
  • 8.4 Government buildings
  • 8.5 Others

Chapter 9 Commercial Water Heater Market, By Region

  • 9.1 Key regional trends
  • 9.2 North America
    • 9.2.1 U.S.
    • 9.2.2 Canada
  • 9.3 Europe
    • 9.3.1 UK
    • 9.3.2 France
    • 9.3.3 Germany
    • 9.3.4 Italy
    • 9.3.5 Austria
    • 9.3.6 Spain
    • 9.3.7 Denmark
    • 9.3.8 Finland
    • 9.3.9 Sweden
    • 9.3.10 Norway
    • 9.3.11 Netherlands
    • 9.3.12 Portugal
    • 9.3.13 Greece
  • 9.4 Eurasia
    • 9.4.1 Russia
    • 9.4.2 Belarus
    • 9.4.3 Armenia
    • 9.4.4 Kazakhstan
    • 9.4.5 Kyrgyzstan
  • 9.5 CIS
    • 9.5.1 Azerbaijan
    • 9.5.2 Moldova
    • 9.5.3 Tajikistan
    • 9.5.4 Turkmenistan
    • 9.5.5 Uzbekistan
  • 9.6 Asia Pacific
    • 9.6.1 China
    • 9.6.2 Australia
    • 9.6.3 India
    • 9.6.4 Japan
    • 9.6.5 South Korea
    • 9.6.6 Indonesia
    • 9.6.7 Malaysia
    • 9.6.8 Singapore
    • 9.6.9 Thailand
    • 9.6.10 New Zealand
    • 9.6.11 Philippines
    • 9.6.12 Vietnam
  • 9.7 Middle East & Africa
    • 9.7.1 Saudi Arabia
    • 9.7.2 UAE
    • 9.7.3 Qatar
    • 9.7.4 Kuwait
    • 9.7.5 Bahrain
    • 9.7.6 Oman
    • 9.7.7 Turkey
    • 9.7.8 South Africa
    • 9.7.9 Nigeria
    • 9.7.10 Algeria
    • 9.7.11 Egypt
    • 9.7.12 Israel
    • 9.7.13 Cyprus
    • 9.7.14 Lebanon
    • 9.7.15 Iraq

Chapter 10 Company Profiles

  • 10.1 A.O. Smith
  • 10.2 Bosch Thermotechnology
  • 10.3 Whirlpool Corporation
  • 10.4 Valliant Group
  • 10.5 Bradford White Corporation
  • 10.6 GE Appliances
  • 10.7 BDR Thermea Group
  • 10.8 HTP Comfort Solutions LLC
  • 10.9 Rinnai Corporation
  • 10.10 Racold
  • 10.11 Rheem Manufacturing Company
  • 10.12 Westinghouse Electric Corporation
  • 10.13 American Standard Water Heaters
  • 10.14 Aquamax Australia Pty. Limited
  • 10.15 Atmor
  • 10.16 Saudi Ceramics Company
  • 10.17 Orbital Horizon
  • 10.18 Heatre Sadia
  • 10.19 Noritz America
  • 10.20 Thermann
  • 10.21 Hubbell Electric Heater Company
  • 10.22 Linuo Ritter International Co., Ltd.
  • 10.23 Jaguar
  • 10.24 Nihon Itomic Co., Ltd.
  • 10.25 Midea Group
  • 10.26 Watts Water Technologies
  • 10.27 Thermex Corporation
  • 10.28 State Water Heaters
  • 10.29 Ferroli S.p.A
  • 10.30 Atlantic Group
  • 10.31 Stiebel Eltron GmbH & Co. (DE)
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