PUBLISHER: Value Market Research | PRODUCT CODE: 1547333
PUBLISHER: Value Market Research | PRODUCT CODE: 1547333
The global demand for Commercial Water Heater Market is presumed to reach the market size of nearly USD 14.64 Billion by 2032 from USD 7.72 Billion in 2023 with a CAGR of 7.36% under the study period 2024-2032.
A commercial water heater is an oil, gas, and electric-fired equipment that heats potable water for commercial applications. It is suitable for hospitals, hotels, spas, hostels, offices, etc. where water is required in large volumes than residential use. The different water heaters are electric water heaters, solar water heaters, and gas water heaters. Modern commercial water heaters are equipped with LCDs, warning indicators, etc. that are easy to use. These heaters usually require less maintenance and installation charges and have a simple operating system and high water holding capacity.
The increasing investment in the commercial sector for development and expansion is the key factor fuelling the demand for the commercial water heater. Increasing requirements for hot water across hospitals, hotels, shopping complexes, and others will positively impact market demand. Rapid infrastructure expansion along with building developments will further expand the market. Key players investing in research and development activities, integrating new technologies, and coming up with modern commercial water heater that suits the requirements of the consumers will stimulate market growth. However, the Covid-19 pandemic has negatively impacted the market due to supply shortages caused due to restrictions and lockdown imposed by various governments.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Commercial Water Heater. The growth and trends of Commercial Water Heater industry provide a holistic approach to this study.
This section of the Commercial Water Heater market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Commercial Water Heater market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Commercial Water Heater market include American Standard Water Heaters, A.O Smith, Aquamax Australia Pty. Limited, Bosch Thermotechnology Corp., Bradford White Corporation, BDR Thermea Group, GE Appliances, Heatre Sadia, HTP, Orbital Horizon, Powrmatic Ltd., Racold, Rinnai Corporation, Rheem Manufacturing Company, Stiebel Eltron GmbH & Co. KG, State Industries, Saudi Ceramic Company. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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