US water heater market is anticipated to grow at a CAGR 4.2% during the forecast period. The US is the major economy in North American region attributed to well-established infrastructure in the industrial sector. Increasing demand for water heaters in different manufacturing and power plants is estimated to contribute to the growth of the US Water Heater market. A large quantity of water is required to maintain power plants as operational. In power plants, water heaters are used to pre-heat water which increases the efficiency of the power plant. Increasing demand for energy production and supportive government regulations are driving the demand for water heaters in the industrial sector. There is a large number of power plants in the US with excellent production capacity. For instance, Sithe Independence Station and Sioux power plant had production capacity of 1,086 MW (megawatt) and 1,099 MW in 2016, respectively as per World Resources Institute (WRI).

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A.O. Smith Corp., Takagi, Kenmore, Watts Water Technologies, Inc., and Bradford White Corp. are providing water heating systems in the US market and international market as well. The high consumption of water heaters has affected the environmental condition which encourages these market players to develop energy efficient water heaters.

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Secondary Sources Include

Financial reports of companies involved in the market.
Whitepapers, research-papers, and news blogs.
Company websites and their product catalog.

Market Segmentation

US Water Heater Market by Energy Source

Gas
Electricity Water Heaters
Hybrid Water Heaters
Solar Water Heaters

US Water Heater Market by Mode of Water Supply

On-Demand or Tankless Water Heaters
Storage or Tank Water Heaters
US Water Heater Market by End-User
Residential
Commercial
Industrial

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