Water Heater Manufacturing industry operators produce water heaters of various sizes and types, typically powered by either gas or electricity. During the recovery from recessionary lows, the uptick in new residential construction activity boosted demand for industry products, as new houses require new water heaters. The housing market remained strong over the past five years even when the nonresidential market faltered. While the growth of the housing market has served as a catalyst for demand for new water heaters, the industry has also benefited from disposable income growth, increasing consumers' ability to purchase new water heaters. The industry is expected to continue growing over the five years to 2022. However, the boom in residential construction is expected to temper as the number of new housing starts begins to settle.
This industry manufactures water heaters, which are used in a variety of settings. Most industry products are found in homes, office buildings and industrial facilities. They are made in various sizes and types and are mostly powered by gas or electricity.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.