Commercial Water Heaters Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030

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Commercial Water Heaters Market to surpass USD 8.7 billion by 2030 from USD 4.8 billion in 2019 at a CAGR of 5.7% throughout the forecast period, i.e., 2020-30.

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Description

Commercial Water Heaters Market: Market Segments: By Type (Electric, Gas, Oil, Heat Pump, Solar, Hybrid & Others); By Liter (Below 500, 500-1,000, 1,000-3,000, 3,000-4,000 & More); By Rated Capacity (Up to 10kW, 10-50kW, 50-150kW and more); and Region – Global Analysis by Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030
Product Overview
Water heater is an electric device which is used for various purposes to heat water. There are different kinds of water heaters that are used in households, storage heaters, and electric heaters, such as electric rods. Vital features that make water heaters available are energy efficiency and compact size. Electric geysers have gained significant popularity for home use.
Market Highlights
Commercial Water Heaters Market is expected to project a notable CAGR of 5.7% in 2030.
Commercial Water Heaters Market to surpass USD 8.7 billion by 2030 from USD 4.8 billion in 2019 at a CAGR of 5.7% throughout the forecast period, i.e., 2020-30. Increased demand for hot water, mainly from hospitals and hotels, is expected to fuel market growth. In addition, increased use of the commodity is likely to boost demand for water heaters in various manufacturing industries, such as the food and beverage processing and chemical industries.
Commercial Water Heaters Market: Segments
Solar water heaters segment to grow with the highest CAGR of 4.1% during 2020-30
Commercial Water Heaters Market is segmented by type as Electric, Gas, Oil, Heat Pump, Solar, Hybrid & Others. Based on type electric segment is the largest segment of the market for commercial water heaters. Electric water heaters give extremely high efficiency in operations. In Asia Pacific, they are primarily used because countries such as China, India, South Korea and Japan are focused on reducing their carbon footprint as a result of the use of fossil fuels.
Commercial Water Heaters Market: Market Dynamics
Drivers
Flourishing Global Commercial Sector
Commercial sector consists of services such as institutional living quarters, medical facilities, hotels, restaurants, business complexes, shopping malls, and community and public places play an important role in the global GDP of the world’s developed and emerging economies. Similarly, the European Union has laid down a roadmap for new hospitals and primary health facilities in the region to be developed.
Restrain
High Capital Expenditure
There are a range of precautionary steps taken by main producers of these heaters to ensure their proper functioning over the years. High-grade processes and materials are used by manufacturers of industrial water heaters, as well as requiring skilled labour and specialized equipment to produce them, adding to their rising production costs. Some manufacturers also sell personalized goods with site-specific specifications for customers that increase the cost of producing water heaters.
Commercial Water Heaters Market: Key Players
• Midea Group
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis.
• A.O. Smith Corporation
• Daikin
• Rinnai Corporation
• Danfoss
• Mitsubishi Electric
• Nibe Energy Systems
• Johnson Controls-Hitachi Air Conditioning
• Bosch Industries
• Viessmann
• Vaillant
• Rheem Manufacturing Company
• American Water Heaters
• Bradford White
• Ariston Thermo Group
Commercial Water Heaters Market: Regions
Commercial Water Heaters Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Commercial Water Heaters Market in Asia Pacific held the largest market share of XX.X% in the year 2019 and is anticipated to continue its dominance over the forecast period. Economic growth across countries such as China and India are expected to increase demand for water heaters over the forecast period, combined with the growing availability of gas and electricity across rural areas. The European market for water heaters is predicted to see a 3.2% CAGR over the forecast period. This rise can be attributed to the increasing demand from different commercial and industrial end-users for superior and efficient water heaters. Furthermore, due to severe cold weather in the area, the need for hot water to meet the necessary environmental conditions is likely to fuel the demand for the commodity. In addition, the region’s well-established industrial infrastructure is expected to strengthen the demand for water heaters, thereby growing regional market growth.
Commercial Water Heaters Market report also contains analysis on:
Commercial Water Heaters Market Segments:
By Type:
• Electric
• Oil
• Gas
• Solar
• Hybrid
• Heat Pump
• Others
By Liter:
• Below 500 Liters
• 500‒1,000 Liters
• 1,000‒3,000 Liters
• 3,000‒4,000 Liters
• Above 4,000 Liters
By Rated Capacity:
• Up to 10kW
• 10‒50kW
• 50‒150kW
• 150‒300kW
• Above 300kW

• Commercial Water Heaters Market Dynamics
• Commercial Water Heaters Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
FAQs on Commercial Water Heaters Market
· Which segment is anticipated to hold the largest market share?
· At what CAGR is the market anticipated to grow between 2020 and 2030?
· Who are the key players in the Commercial Water Heaters Market?
· What could be the challenging factors in the growth of Commercial Water Heaters Market?
· What are the growth drivers for the Commercial Water Heaters Market?

Additional information

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Geography Covered

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Table of Contents

Contents
1. Executive Summary
2. Commercial Water Heaters Market
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. Correlation & Regression Analysis
7.1. Correlation Matrix
7.2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Commercial Water Heaters Analysis
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. Commercial Water Heaters Market
11.1. Market Size & forecast, 2019A-2030F
11.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12. Commercial Water Heaters: Market Segmentation
12.1. By Regions
12.1.1. North America:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.2. Europe:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.3. Asia-Pacific:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.4. MEA:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.5. Latin America:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2. By Type: Market Share (2020-2030F)
12.2.1. Electric, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.2. Oil, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.3. Gas, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.4. Solar, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.5. Hybrid, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.6. Heat Pump, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.7. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3 By Liter: Market Share (2020-2030F)
12.3.1. Below 500 Liters, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.2. 500‒1,000 Liters, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.3. 1,000‒3,000 Liters, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.4. 3,000‒4,000 Liters, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.5. Above 4,000 Liters, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4 By Rated Capacity: Market Share (2020-2030F)
12.4.1. Up to 10kW, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.2. 10‒50kW, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.3. 50‒150kW, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.4. 150‒300kW, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.5. Above 300kW, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
13. Company Profile
13.1.1. Midea Group
13.1.2. Company Overview
13.1.3. Company Total Revenue (Financials)
13.1.4. Market Potential
13.1.5. Global Presence
13.1.6. Key Performance Indicators
13.1.7. SWOT Analysis
13.1.8. Product Launch
13.2. Rinnai Corporation
13.3. Danfoss
13.4. Mitsubishi Electric
13.5. Nibe Energy Systems
13.6. Johnson Controls-Hitachi Air Conditioning
13.7. Bosch Industries
13.8. Viessmann
13.9. Rheem Manufacturing Company
13.10. American Water Heaters
13.11. Bradford White
13.12. Ariston Thermo Group
13.13. Jinyi Solar Water Heater
13.14. Bock Water Heaters
13.15. Stiebel Eltron

14 Consultant Recommendation
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

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