
Commercial Water Heater Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Description
Commercial Water Heater Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Commercial Water Heater Market
The commercial water heater market size was valued at USD 5.59 billion in 2020, and the market is now projected to grow USD 11.45 billion in 2032 exhibiting a CAGR of 5.57% during the forecast period of 2021-2032.
Market growth has been affected in a negative way due to COVID-19 pandemic impacts following the multiple disruptions. The performance has been impacted cosmically due to restraints such as cumbersome movements of goods through the fleets, problems in manufacturing, and problems on the supply side. This was worse off by government-imposed shut down, which led to more adversities in the economic status. Some problems watched the market retreat to the previous year levels due to the adoption of the new conditions by the businesses. However, it is anticipated to return to normalcy once there is a lifting of all the limitations put in place amidst sectors reopening.
Heaters consume approximately 17% of the commercial or building energy making technology to enhance the energy control. There is better heat pump, slimmer insulation, and better designs in the water heating improvement. These, together with improved insulation, decrease hot-water distribution losses in commercial structures. Electricity performance with heaters including storage tanks alongside communication and control technologies also enhance load shifting. This increasing need for energy efficiency generates the requirement for products which provide greater savings and better energy efficiency.
The use of hot water in commercial buildings is well correlated with the overall energy requirement in a building. Some of the areas where maximum heat water usage is necessary are offices, hospitals, hotel, motels, commercial washing, and industrial washing. These buildings have their storage water heaters powered by either gas, oil, or electricity. Other user categories include inhabitants of high-rise residential buildings, as well as residents of housing facilities and dormitories. Thus, energy effective water heating systems are important for regulating energy consumption in such commercial zones.
Comprehensive Analysis of Commercial Water Heater Market
The commercial water heater market growth is also increasing exponentially because of the segmentation of its market. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by storage capacity analysis, by power rating analysis, by fuel type analysis and by applications analysis. By storage capacity analysis incudes below 500 L, 500-1000 L, 1000-2000 L, 2000-3000 L, more than 3000 L. By power rating analysis incudes 0 to 10 kW, 10 to 50 kW, 50 to 100 kW, 100 to 300 kW, and more than 300 kW. By fuel type analysis incudes electric, gas, oil, solar, hybrid, and others. By applications analysis incudes healthcare, restaurants, institutes, offices, and others.
The Asia Pacific region lead the commercial water heater market share by benefitting a market size of USD 1.91 billion in 2020 due to its rapid industrialization.
Top players in the market have their responsibility of power & energy industrial prospectus growth of the retailing industry and the markets. These players include, A.O. Smith, Rinnai Corporation, Rheem Manufacturing, Ariston Thermo spA, Racold, Midea Group, Nibe Corporation, Nortiz Corporation, Hubbell, Valliant, Lowe’s, Bradford White Corporation, Flexiheat UK Ltd, Daikin Industries these market players provide a level-playing competitive landscape.
In June 2020, A.O. Smith launched 20 new commercial heat pump models, offering energy-efficient solutions for large commercial applications.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2017-2028
Base Year 2020
Estimated Year 2021
Forecast Period 2021-2028
Historical Period 2017-2019
Unit Value (USD Billion)
Segmentation By Storage Capacity, Power Rating, Fuel Type, Application, and Region
Segmentation By Storage Capacity
Below 500 L
500-1000 L
1000-2000 L
2000-3000 L
More than 3000 L
By Power Rating
0 to 10 kW
10 to 50 kW
50 to 100 kW
100 to 300 kW
More than 300 kW
By Fuel Type
Electric
Gas
Oil
Solar
Hybrid
Others
By Applications
Healthcare
Restaurants
Institutes
Offices
Others
By Region
North America (By Storage Capacity, Power Rating, Fuel Type, Application, and Country)
U.S. (By Fuel Type)
Canada (By Fuel Type)
Europe (By Storage Capacity, Power Rating, Fuel Type, Application, and Country)
Germany (By Fuel Type)
U.K. (By Fuel Type)
Spain (By Fuel Type)
Italy (By Fuel Type)
France (By Fuel Type)
Russia (By Fuel Type)
Rest of Europe (By Fuel Type)
Asia Pacific (By Storage Capacity, Power Rating, Fuel Type, Application, and Country)
China (By Fuel Type)
Japan (By Fuel Type)
India (By Fuel Type)
South Korea (By Fuel Type)
Rest of Asia Pacific (By Fuel Type)
Latin America (By Storage Capacity, Power Rating, Fuel Type, Application, and Country)
Brazil (By Fuel Type)
Mexico (By Fuel Type)
Rest of Latin America (By Fuel Type)
Middle East & Africa (By Storage Capacity, Power Rating, Fuel Type, Application, and Country)
GCC (By Fuel Type)
South Africa (By Fuel Type)
Rest of the Middle East & Africa
Table of Contents
270 Pages
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions & Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Insight on Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porter Five Forces Analysis
- 5. Qualitative Analysis – Impact of COVID-19
- 5.1. Impact of COVID-19 on the Commercial Water Heater Market
- 5.2. Steps Taken by the Government to Overcome the Impact
- 5.3. Key Developments in the Industry in Response to COVID-19
- 5.4. Potential Opportunities and Challenges due to COVID-19 Outbreak
- 6. Global Commercial Water Heater Market (USD Billion) Analysis, Insights, and Forecast, 2017-2028
- 6.1. Key Findings
- 6.2. Market Analysis, Insights and Forecast – By Storage Capacity
- 6.2.1. Below 500 L
- 6.2.2. 500-1000 L
- 6.2.3. 1000-2000 L
- 6.2.4. 2000-3000 L
- 6.2.5. More than 3000 L
- 6.3. Market Analysis, Insights and Forecast – By Power Rating
- 6.3.1. 0 to 10 kW
- 6.3.2. 10 to 50 kW
- 6.3.3. 50 to 100 kW
- 6.3.4. 100 to 300 kW
- 6.3.5. More than 300 kW
- 6.4. Market Analysis, Insights and Forecast – By Fuel Type
- 6.4.1. Electric
- 6.4.2. Gas
- 6.4.3. Oil
- 6.4.4. Solar
- 6.4.5. Hybrid
- 6.4.6. Others
- 6.5. Market Analysis, Insights and Forecast – By Applications
- 6.5.1. Offices
- 6.5.2. Restaurants
- 6.5.3. Healthcare
- 6.5.4. Institutes
- 6.5.5. Others
- 6.6. Market Analysis, Insights and Forecast – By Region
- 6.6.1. North America
- 6.6.2. Europe
- 6.6.3. Asia Pacific
- 6.6.4. Latin America
- 6.6.5. Middle East & Africa
- 7. North America Commercial Water Heater Market (USD Billion) Analysis, Insights, and Forecast, 2017-2028
- 7.1. Key Findings
- 7.2. Market Analysis, Insights and Forecast – By Storage Capacity
- 7.2.1. Below 500 L
- 7.2.2. 500-1000 L
- 7.2.3. 1000-2000 L
- 7.2.4. 2000-3000 L
- 7.2.5. More than 3000 L
- 7.3. Market Analysis, Insights and Forecast – By Power Rating
- 7.3.1. 0 to 10 kW
- 7.3.2. 10 to 50 kW
- 7.3.3. 50 to 100 kW
- 7.3.4. 100 to 300 kW
- 7.3.5. More than 300 kW
- 7.4. Market Analysis, Insights and Forecast – By Fuel Type
- 7.4.1. Electric
- 7.4.2. Gas
- 7.4.3. Oil
- 7.4.4. Solar
- 7.4.5. Hybrid
- 7.4.6. Others
- 7.5. Market Analysis, Insights and Forecast – By Applications
- 7.5.1. Offices
- 7.5.2. Restaurants
- 7.5.3. Healthcare
- 7.5.4. Institutes
- 7.5.5. Others
- 7.6. Market Analysis, Insights and Forecast – By Country
- 7.6.1. US Market Analysis, Insights and Forecast – By Fuel Type
- 7.6.1.1. Electric
- 7.6.1.2. Gas
- 7.6.1.3. Oil
- 7.6.1.4. Solar
- 7.6.1.5. Hybrid
- 7.6.1.6. Others
- 7.6.2. Canada Market Analysis, Insights and Forecast – By Fuel Type
- 7.6.2.1. Electric
- 7.6.2.2. Gas
- 7.6.2.3. Oil
- 7.6.2.4. Solar
- 7.6.2.5. Hybrid
- 7.6.2.6. Others
- 8. Europe Commercial Water Heater Market (USD Billion) Analysis, Insights, and Forecast, 2017-2028
- 8.1. Key Findings
- 8.2. Market Analysis, Insights and Forecast – By Storage Capacity
- 8.2.1. Below 500 L
- 8.2.2. 500-1000 L
- 8.2.3. 1000-2000 L
- 8.2.4. 2000-3000 L
- 8.2.5. More than 3000 L
- 8.3. Market Analysis, Insights and Forecast – By Power Rating
- 8.3.1. 0 to 10 kW
- 8.3.2. 10 to 50 kW
- 8.3.3. 50 to 100 kW
- 8.3.4. 100 to 300 kW
- 8.3.5. More than 300 kW
- 8.4. Market Analysis, Insights and Forecast – By Fuel Type
- 8.4.1. Electric
- 8.4.2. Gas
- 8.4.3. Oil
- 8.4.4. Solar
- 8.4.5. Hybrid
- 8.4.6. Others
- 8.5. Market Analysis, Insights and Forecast – By Applications
- 8.5.1. Offices
- 8.5.2. Restaurants
- 8.5.3. Healthcare
- 8.5.4. Institutes
- 8.5.5. Others
- 8.6. Market Analysis, Insights and Forecast – By Country
- 8.6.1. Germany Market Analysis, Insights and Forecast – By Fuel Type
- 8.6.1.1. Electric
- 8.6.1.2. Gas
- 8.6.1.3. Oil
- 8.6.1.4. Solar
- 8.6.1.5. Hybrid
- 8.6.1.6. Others
- 8.6.2. UK Market Analysis, Insights and Forecast – By Fuel Type
- 8.6.2.1. Electric
- 8.6.2.2. Gas
- 8.6.2.3. Oil
- 8.6.2.4. Solar
- 8.6.2.5. Hybrid
- 8.6.2.6. Others
- 8.6.3. Spain Market Analysis, Insights and Forecast – By Fuel Type
- 8.6.3.1. Electric
- 8.6.3.2. Gas
- 8.6.3.3. Oil
- 8.6.3.4. Solar
- 8.6.3.5. Hybrid
- 8.6.3.6. Others
- 8.6.4. Italy Market Analysis, Insights and Forecast – By Fuel Type
- 8.6.4.1. Electric
- 8.6.4.2. Gas
- 8.6.4.3. Oil
- 8.6.4.4. Solar
- 8.6.4.5. Hybrid
- 8.6.4.6. Others
- 8.6.5. France Market Analysis, Insights and Forecast – By Fuel Type
- 8.6.5.1. Electric
- 8.6.5.2. Gas
- 8.6.5.3. Oil
- 8.6.5.4. Solar
- 8.6.5.5. Hybrid
- 8.6.5.6. Others
- 8.6.6. Russia Market Analysis, Insights and Forecast – By Fuel Type
- 8.6.6.1. Electric
- 8.6.6.2. Gas
- 8.6.6.3. Oil
- 8.6.6.4. Solar
- 8.6.6.5. Hybrid
- 8.6.6.6. Others
- 8.6.7. Rest of Europe Market Analysis, Insights and Forecast – By Fuel Type
- 8.6.7.1. Electric
- 8.6.7.2. Gas
- 8.6.7.3. Oil
- 8.6.7.4. Solar
- 8.6.7.5. Hybrid
- 8.6.7.6. Others
- 9. Asia Pacific Commercial Water Heater Market (USD Billion) Analysis, Insights, and Forecast, 2017-2028
- 9.1. Key Findings
- 9.2. Market Analysis, Insights and Forecast – By Storage Capacity
- 9.2.1. Below 500 L
- 9.2.2. 500-1000 L
- 9.2.3. 1000-2000 L
- 9.2.4. 2000-3000 L
- 9.2.5. More than 3000 L
- 9.3. Market Analysis, Insights and Forecast – By Power Rating
- 9.3.1. 0 to 10 kW
- 9.3.2. 10 to 50 kW
- 9.3.3. 50 to 100 kW
- 9.3.4. 100 to 300 kW
- 9.3.5. More than 300 kW
- 9.4. Market Analysis, Insights and Forecast – By Fuel Type
- 9.4.1. Electric
- 9.4.2. Gas
- 9.4.3. Oil
- 9.4.4. Solar
- 9.4.5. Hybrid
- 9.4.6. Others
- 9.5. Market Analysis, Insights and Forecast – By Applications
- 9.5.1. Offices
- 9.5.2. Restaurants
- 9.5.3. Healthcare
- 9.5.4. Institutes
- 9.5.5. Others
- 9.6. Market Analysis, Insights and Forecast – By Country
- 9.6.1. China Market Analysis, Insights and Forecast – By Fuel Type
- 9.6.1.1. Electric
- 9.6.1.2. Gas
- 9.6.1.3. Oil
- 9.6.1.4. Solar
- 9.6.1.5. Hybrid
- 9.6.1.6. Others
- 9.6.2. Japan Market Analysis, Insights and Forecast – By Fuel Type
- 9.6.2.1. Electric
- 9.6.2.2. Gas
- 9.6.2.3. Oil
- 9.6.2.4. Solar
- 9.6.2.5. Hybrid
- 9.6.2.6. Others
- 9.6.3. India Market Analysis, Insights and Forecast – By Fuel Type
- 9.6.3.1. Electric
- 9.6.3.2. Gas
- 9.6.3.3. Oil
- 9.6.3.4. Solar
- 9.6.3.5. Hybrid
- 9.6.3.6. Others
- 9.6.4. South Korea Market Analysis, Insights and Forecast – By Fuel Type
- 9.6.4.1. Electric
- 9.6.4.2. Gas
- 9.6.4.3. Oil
- 9.6.4.4. Solar
- 9.6.4.5. Hybrid
- 9.6.4.6. Others
- 9.6.5. Southeast Asia Market Analysis, Insights and Forecast – By Fuel Type
- 9.6.5.1. Electric
- 9.6.5.2. Gas
- 9.6.5.3. Oil
- 9.6.5.4. Solar
- 9.6.5.5. Hybrid
- 9.6.5.6. Others
- 9.6.6. Rest of Asia Pacific Market Analysis, Insights and Forecast – By Fuel Type
- 9.6.6.1. Electric
- 9.6.6.2. Gas
- 9.6.6.3. Oil
- 9.6.6.4. Solar
- 9.6.6.5. Hybrid
- 9.6.6.6. Others
- 10. Latin America Commercial Water Heater Market (USD Billion) Analysis, Insights, and Forecast, 2017-2028
- 10.1. Key Findings
- 10.2. Market Analysis, Insights and Forecast – By Storage Capacity
- 10.2.1. Below 500 L
- 10.2.2. 500-1000 L
- 10.2.3. 1000-2000 L
- 10.2.4. 2000-3000 L
- 10.2.5. More than 3000 L
- 10.3. Market Analysis, Insights and Forecast – By Power Rating
- 10.3.1. 0 to 10 kW
- 10.3.2. 10 to 50 kW
- 10.3.3. 50 to 100 kW
- 10.3.4. 100 to 300 kW
- 10.3.5. More than 300 kW
- 10.4. Market Analysis, Insights and Forecast – By Fuel Type
- 10.4.1. Electric
- 10.4.2. Gas
- 10.4.3. Oil
- 10.4.4. Solar
- 10.4.5. Hybrid
- 10.4.6. Others
- 10.5. Market Analysis, Insights and Forecast – By Applications
- 10.5.1. Offices
- 10.5.2. Restaurants
- 10.5.3. Healthcare
- 10.5.4. Institutes
- 10.5.5. Others
- 10.6. Market Analysis, Insights and Forecast – By Country
- 10.6.1. Brazil Market Analysis, Insights and Forecast – By Fuel Type
- 10.6.1.1. Electric
- 10.6.1.2. Gas
- 10.6.1.3. Oil
- 10.6.1.4. Solar
- 10.6.1.5. Hybrid
- 10.6.1.6. Others
- 10.6.2. Mexico Market Analysis, Insights and Forecast – By Fuel Type
- 10.6.2.1. Electric
- 10.6.2.2. Gas
- 10.6.2.3. Oil
- 10.6.2.4. Solar
- 10.6.2.5. Hybrid
- 10.6.2.6. Others
- 10.6.3. Rest of Latin America Market Analysis, Insights and Forecast – By Fuel Type
- 10.6.3.1. Electric
- 10.6.3.2. Gas
- 10.6.3.3. Oil
- 10.6.3.4. Solar
- 10.6.3.5. Hybrid
- 10.6.3.6. Others
- 11. Middle East & Africa Commercial Water Heater Market (USD Billion) Analysis, Insights, and Forecast, 2017-2028
- 11.1. Key Findings
- 11.2. Market Analysis, Insights and Forecast – By Storage Capacity
- 11.2.1. Below 500 L
- 11.2.2. 500-1000 L
- 11.2.3. 1000-2000 L
- 11.2.4. 2000-3000 L
- 11.2.5. More than 3000 L
- 11.3. Market Analysis, Insights and Forecast – By Power Rating
- 11.3.1. 0 to 10 kW
- 11.3.2. 10 to 50 kW
- 11.3.3. 50 to 100 kW
- 11.3.4. 100 to 300 kW
- 11.3.5. More than 300 kW
- 11.4. Market Analysis, Insights and Forecast – By Fuel Type
- 11.4.1. Electric
- 11.4.2. Gas
- 11.4.3. Oil
- 11.4.4. Solar
- 11.4.5. Hybrid
- 11.4.6. Others
- 11.5. Market Analysis, Insights and Forecast – By Applications
- 11.5.1. Offices
- 11.5.2. Restaurants
- 11.5.3. Healthcare
- 11.5.4. Institutes
- 11.5.5. Others
- 11.6. Market Analysis, Insights and Forecast – By Country
- 11.6.1. GCC Market Analysis, Insights and Forecast – By Fuel Type
- 11.6.1.1. Electric
- 11.6.1.2. Gas
- 11.6.1.3. Oil
- 11.6.1.4. Solar
- 11.6.1.5. Hybrid
- 11.6.1.6. Others
- 11.6.2. South Africa Market Analysis, Insights and Forecast – By Fuel Type
- 11.6.2.1. Electric
- 11.6.2.2. Gas
- 11.6.2.3. Oil
- 11.6.2.4. Solar
- 11.6.2.5. Hybrid
- 11.6.2.6. Others
- 11.6.3. Rest of Middle East & Africa Market Analysis, Insights and Forecast – By Fuel Type
- 11.6.3.1. Electric
- 11.6.3.2. Gas
- 11.6.3.3. Oil
- 11.6.3.4. Solar
- 11.6.3.5. Hybrid
- 11.6.3.6. Others
- 12. Competitive Analysis
- 12.1. Company Market Share Analysis, 2020
- 12.2. Company Profile
- 12.2.1. A.O. Smith
- 12.2.1.1. Business Overview
- 12.2.1.2. Product, Applications, & Services
- 12.2.1.3. Recent Developments
- 12.2.1.4. Financials (Based on Availability)
- 12.2.2. Rinnai Corporation
- 12.2.2.1. Business Overview
- 12.2.2.2. Product, Applications, & Services
- 12.2.2.3. Recent Developments
- 12.2.2.4. Financials (Based on Availability)
- 12.2.3. Rheem Manufacturing
- 12.2.3.1. Business Overview
- 12.2.3.2. Product, Applications, & Services
- 12.2.3.3. Recent Developments
- 12.2.3.4. Financials (Based on Availability)
- 12.2.4. Ariston Thermo spA
- 12.2.4.1. Business Overview
- 12.2.4.2. Product, Applications, & Services
- 12.2.4.3. Recent Developments
- 12.2.4.4. Financials (Based on Availability)
- 12.2.5. Racold
- 12.2.5.1. Business Overview
- 12.2.5.2. Product, Applications, & Services
- 12.2.5.3. Recent Developments
- 12.2.5.4. Financials (Based on Availability)
- 12.2.6. Midea Group
- 12.2.6.1. Business Overview
- 12.2.6.2. Product, Applications, & Services
- 12.2.6.3. Recent Developments
- 12.2.6.4. Financials (Based on Availability)
- 12.2.7. Nibe Corporation
- 12.2.7.1. Business Overview
- 12.2.7.2. Product, Applications, & Services
- 12.2.7.3. Recent Developments
- 12.2.7.4. Financials (Based on Availability)
- 12.2.8. Nortiz Corporation
- 12.2.8.1. Business Overview
- 12.2.8.2. Product, Applications, & Services
- 12.2.8.3. Recent Developments
- 12.2.8.4. Financials (Based on Availability)
- 12.2.9. Hubbell
- 12.2.9.1. Business Overview
- 12.2.9.2. Product, Applications, & Services
- 12.2.9.3. Recent Developments
- 12.2.9.4. Financials (Based on Availability)
- 12.2.10. Valliant
- 12.2.10.1. Business Overview
- 12.2.10.2. Product, Applications, & Services
- 12.2.10.3. Recent Developments
- 12.2.10.4. Financials (Based on Availability)
- 12.2.11. Lowe’s
- 12.2.11.1. Business Overview
- 12.2.11.2. Product, Applications, & Services
- 12.2.11.3. Recent Developments
- 12.2.11.4. Financials (Based on Availability)
- 12.2.12. Bradford White Corporation
- 12.2.12.1. Business Overview
- 12.2.12.2. Product, Applications, & Services
- 12.2.12.3. Recent Developments
- 12.2.12.4. Financials (Based on Availability)
- 12.2.13. Flexiheat UK Ltd
- 12.2.13.1. Business Overview
- 12.2.13.2. Product, Applications, & Services
- 12.2.13.3. Recent Developments
- 12.2.13.4. Financials (Based on Availability)
- 12.2.14. Daikin Industries
- 12.2.14.1. Business Overview
- 12.2.14.2. Product, Applications, & Services
- 12.2.14.3. Recent Developments
- 12.2.14.4. Financials (Based on Availability)
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.