The Commercial Water Heaters Market report encompasses detailed information on factors that will assist industrial energy efficiency services market growth during the next five years. The Commercial Water Heaters Market report predicts upcoming trends and changes in consumer behaviour and also highlights the growth of the Commercial Water Heaters Market during the estimated period.
Commercial Water Heaters Market Overview
The Commercial Water Heaters market size is projected to reach a CAGR of 6.2% from 2021 to 2028.
Commercial Water Heaters are similar to the residential water heaters in the fact that both are used for the process of heating of stored water. But to a difference commercial water heaters can heat the water at an exponential rate and can also handle a larger amount of water than the residential one. These have an average life of about 10-15 years.
Raised investments in the sector along with the urgent need of on-demand heating devices are some of the factors that have supported long-term expansion for Commercial Water Heaters Market.
COVID-19 had a negative effect on the market, as the global supply chains were disrupted.
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Commercial Water Heaters Market Regional Analysis
North America is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the presence of key players in the region.
Commercial Water Heaters Market Competitive Landscape
Key Players
• A.O. Smith Corporation
• American Water Heaters
• Ariston Thermo Group
• Bock Water Heaters, Inc.
• Bosch Industries
• Bradford White
• Daikin Industries, Ltd.
• Danfoss A/S
• Giant Manufacturing Co. Ltd.
• Jinyi Solar Water Heater
• Johnson Controls-Hitachi Air Conditioning
• Midea Group
• Mitsubishi Electric Corporation
• Nibe Energy Systems
• PVI Industries
• Rheem Manufacturing Company
• Rinnai Corporation
• Solahart
• Stiebel Eltron
• Vaillant Group
• Viessmann Group
Commercial Water Heaters Market Recent Developments
• In June 2021 Bradford White Corporation completely acquired Keltech with an aim to expand its portfolio in commercial & industrial electric products.
Reasons to Acquire in the Commercial Water Heaters Market
• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Commercial Water Heaters Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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Frequently Asked Questions
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What is the compound annual growth rate (CAGR) of the Commercial Water Heaters Market?
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Which region is growing with the highest CAGR during the forecast period 2023-2030?
Who are the major players in Commercial Water Heaters Market?
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