The global commercial water heater market size was valued at USD 5.89 billion in 2021, and it is estimated to reach USD 8.69 billion by 2027, with a registering CAGR of 5.5% during the forecast period.


The commercial water heater is required for supplying warm or hot potable water for showers, bathrooms, kitchens restaurant sinks, washing machines, etc, and other purposes in commercial or industrial buildings such as schools, hotels gyms, or hospitals. A commercial water heater is a professional-grade unit that is not only more powerful than its counterparts but they also use less energy to operate. The commercial water heater has better insulation in a tank with energy-efficient components and including gas valves.

Market Drivers and Restraints

The main factors that have considerably increased the demand for the commercial water heater market. The increasing efficiency of building systems and technologies is driving the market’s revenue. The increasing hot water demand from various residential applications, including bathing, washing, cleaning, and cooking to drive the market growth. The growing demand for hot water in the hospitality entertainment, travel, and tourism industries drive the market growth. The increasing focus on the adoption of renewable energy and the adoption of solar water heaters drives the market growth.

The high maintenance cost is the major factor restraining the market growth.

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The Report is Segmented as:
The commercial water heater market is segmented based on by:

By Storage Capacity: (Below 500L, 500-1000L, 1000-2000L, 2000-3000L, more than 3000L.)
The 500L segment was recorded as the largest market share in the commercial water heater market in 2022 and it is anticipated to grow significantly during the forecast period.

By Power Rating: (0-10kW, 10-50kW, 50-100kW, 100-300kW, more than 300kW.)
The o to 10kW held the largest share in the commercial water heater market in 2022 and it is anticipated to grow significantly during the forecast period.

By Fuel Type: (Electric, Gas, Solar, Hybrid, and Others.)
The Electric Fuel segment held the largest share market in the commercial water heater market in 2022 and it is anticipated to grow significantly during the forecast period.

By Application: (Healthcare, Restaurants, Institutes, Offices, and Others.)
The Healthcare segment held the largest share market in the commercial water heater market in 2022 and it is anticipated to grow significantly during the forecast period.

Geographical Segmentation:

The commercial water heater market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. And the rest of the world. The Asia Pacific is the largest growing region in the commercial water heater market and is expected to grow significantly during the forecast period. The Asia Pacific has a high availability in the countries such as China, Japan, India, Indonesia, and South Korea. The reason for this dominance of the region is the growth and popularity of the commercial water heater market and the increase in the use of renewable energy and energy-efficient products and this is likely to create growth in the region’s market. The increasing gas and power supply drive the region’s market growth. Europe is expected to be growing lucratively in the commercial water heater market.

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Impact of COVID-19 On the Market

Covid-19 has hugely affected commercial water heater growth. The covid 19 pandemic has affected commercial water heaters in shipping products, disrupting in manufacturing and supply arrangements. COVID-19 will have an occasional effect on the commercial water heater market.

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