Commercial Water Heater Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Type (Electric Water Heaters, Gas Water Heaters, Heat Pump Water Heater, Solar Water Heaters, and Others (Oil Water Heaters, Bio-Fueled Water Heaters, etc.)), By Product Type (Instant, Storage), By Storage Capacity (Less Than 50 Liters, 51-100 Liters, 101-300 Liters, 301-500 Liters, and More Than 501 Liters), By Application (Condominium, Salon/Parlor, Hotels & Resort, Healthcare, Education, Others (Colleges/Universities, Offices, etc.)), By Sales Channel (Direct Sales, Dealers/Agents, Retailers, Online, and Others (Plumbers, Contractors, etc.)), By Region, Competition

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Summary

Report Description

The global commercial water heater market growth is driven by continuous technological changes in order to reduce energy consumption, increasing commercial construction activities, and demand for solar powered water heaters. As the demand for solar powered water heaters are highly preferred in hospitals as there is a constant need for hot water and it is also energy efficient.

Commercial water heaters come in a variety of forms which can heat water for drinking as well as for heating spaces for waters such as pool. Similarly, a commercial space like office buildings, which normally requires limited hot water might require less capacity of water heater, as compared to hotels, condominiums, and hospitals which may use large volumes of water, which may require big capacity water heaters.

To meet the demands of various businesses, commercial water heaters come in a range of various sizes and designs. In the commercial water heater market the tank-style water heaters are also known as instant water heater, which keeps hot water in a big tank and releases it as needed, is the most preferred kind of commercial water heater.

Due to the intensifying market rivalry vendors are being forced to implement various strategies to gain competitive advantage, such as promotional efforts and spending on advertising, to increase the exposure of their services. In order to remain competitive and register a significant market growth, several suppliers are also implementing inorganic growth tactics such as M&As. For instance, in 2021, A. O. Smith Corporation, a leading provider of water technology, announced that it had acquired Giant Factories, Inc, a Canadian company that makes residential and commercial water heaters, for approximately USD192 million.

The global commercial water heater industry's potential will also be strengthened by an increasing shift toward sustainable infrastructures combined with point-of-use applications of improved heating systems in educational institutions and other commercial infrastructures. The market dynamics will be sparked by a paradigm shift toward the adoption of zero greenhouse emission solutions in conjunction with the demand for affordable hot water solutions.

The COVID-19 pandemic has had a significant negative influence on the expansion of the commercial water heater market. The pandemic placed every nation in an entirely unknown position. The commercial water heater market has been negatively impacted by factors such as restrictions on product delivery, alterations to manufacturing and supply chains, and governmental shutdown orders.

The effects on business have been significant, including supply-chain disruptions and the shift to online work, which has led to a significant decrease in the need for commercial water usage due to vacant offices, restaurants, and other structures. Additionally, the COVID-19 pandemic has caused a dramatic shift in water use from the large commercial to the household sectors due to travel bans and lockdowns that have drastically decreased market participant revenues. For instance, A.O. Smith projected that the delays brought on by the COVID-19 impact have resulted in a decrease of roughly 4% in volumes for the commercial heater business.

Energy Saving Properties of Instant Heater is Fueling the Market Growth

Commercial instant water heaters are increasing in demand from different applications as they don’t need a lot of space to install because of being tankless, and they are energy efficient as compared to conventional water heaters. For instance, when heating 100 gallons of water, an energy-efficient tankless system uses 22% less electricity than a conventional heater, if more than 86 gallons of water may be heated with 8–14% more energy efficiency. Therefore, the energy saving property of the instant water heaters has helped in driving the commercial water heaters market.

Increasing Use of Heat Pump Water Heaters is Fueling the Market Growth

Heat pump water heaters use energy input, usually from electricity, to raise the temperature of the water, it must be heated after receiving heat from the air, water, and ground around it while it is still cold. While using 20% to 33% electrical energy for the heat pump compressor, air source or water source heat pumps use 66% to 80% of the heat from renewable sources to heat the water. Therefore, switching to heat pump water heaters from other water heaters can dramatically reduce carbon emissions connected to energy generation and consumption.

Rising Investment from Companies is Aiding the Market Growth

Increased funding for R&D (Research and Development) and other projects is expected to quicken the market expansion for commercial water heaters. Growing demand for on-demand heating in a range of locations, such as hotels, restaurants, resorts, and airports, along with expanding consumer knowledge of modern & advanced products, is expected to improve the industry outlook. For instance, in 2022, Bosch plans to invest around USD 300 million in the heat-pump market and anticipates that the market would expand by 15 to 20% yearly by 2025.

Increasing Support for Solar Water Heater is Driving the Market Growth

Commercial facilities use water heaters more frequently for a variety of functions, which leads to the higher demand for hot water. Thus, to accommodate this, running cost gets increased, if electric or gas water heaters are used continuously or more frequently. This is one of the reasons for the shifting demand toward solar water heater in various countries. Governments of different nations are encouraging consumers and taking initiatives to support solar water heaters. For instance, there is a constant and significant need for water heaters because of the climatic conditions of New Zealand. The New Zealand government launched campaigns promoting the use of renewable energy sources to support both the environment and individual electricity bills in an effort to promote and lower the cost of electricity with the help of the energy efficiency and conservation authority. To save electricity, New Zealand’s government is supporting the people to install more solar powered water heaters.

Rising Innovation is Driving the Market Growth

There is generally a need for water heaters in colder regions, because of which manufacturers of water heaters are focusing on offering such water heaters which are suitable for extreme cold conditions. For instance, Rheem and Sanden's joint venture is offering a water heater under the "EcoPlus Hot Water Heat Pump System" that works at temperatures as low as -10 degrees Celsius. Diakin is also selling a similar product that works in temperatures as low as -15 degrees Celsius. These are the key elements that will have a significant impact on the demand for these products during the forecasted timeframe.


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Market Segmentation

The global commercial water heater market is segmented based on type, product type, storage capacity, application, distribution channel, region, and competitional landscape. Based on type, the market is further segmented into electric water heaters, gas water heaters, heat pump water heaters, solar water heaters, and others (oil water heaters, bio-fueled water heaters, etc.). Based on product type, the market is segmented into instant storage. In terms of storage capacity, the market is divided into less than 50 liters, 51-100 liters, 101-300 liters, 301-500 liters, and more than 501 liters. Based on application, the market is divided into condominium, salon/parlor, hotels & resort, healthcare, education, others (colleges/universities, offices, etc.). On the basis of sales channel, the market is segmented into direct sales, dealers/agents, retailers, online, and others (plumbers, contractors, etc.). On the basis of region, the market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

On the strength of rising demand for energy-efficient products and renewable energy sources, as well as the increasing presence of commercial water heater market players in the region, the market in the Asia Pacific is predicted to experience notable growth over the forecast period. For instance, China consumed about 7.8 exajoules of energy in 2021, making it the largest consumer of renewable energy in the Asia-Pacific region. India, on the other hand, came in second place, using about 1.4 exajoules of energy.

In addition, given the North America’s high consumer spending, rising installation of instant water heating systems, and expanding piped gas networks, it is anticipated that this region will hold the largest share during the forecast period. The economic changes that result in a vast electricity distribution network are anticipated to spur market growth in the region in the future.

Company Profiles

A.O. Smith Corporation, Bosch Thermotechnik GmbH, Daikin Industries, Ltd., Ingersoll Rand Inc., Midea Group, Mitsubishi Electric Corporation, NIBE Energy Systems Limited, RHEEM Manufacturing Company, Valliant Group, Viessmann Group, are among the major market players in the global platform that lead the market growth of the global commercial water heater market.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Billion, Volume in Thousand Units and CAGR for 2018-2021 and 2023E-2028F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

Type

Product Type

Storage Capacity

Application

Sales Channel

Region

Regional Scope

North America, Europe, Asia-Pacific, Middle East & Africa and South America

Country Scope

United States, Canada, Mexico, Germany, France, United Kingdom, Italy, Spain, Netherland, Switzerland, China, India, Japan, South Korea, Australia, New Zealand, Thailand, Saudi Arabia, UAE, South Africa, Qatar, Kuwait, Brazil, Argentina, Colombia

Key Companies Profiled

A.O. Smith Corporation, Bosch Thermotechnik GmbH, Daikin Industries, Ltd., Ingersoll Rand Inc., Midea Group, Mitsubishi Electric Corporation, NIBE Energy Systems Limited, Rheem Manufacturing Company, Valliant Group, Viessmann Group, etc.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail of customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, the global commercial water heater market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Commercial Water Heater Market, By Type:
    • Electric Water Heater
    • Gas Water Heater
    • Heat Pump Water Heater
    • Solar Water Heater
    • Others
  • Commercial Water Heater Market, By Product Type:
    • Instant
    • Storage
  • Commercial Water Heater Market, By Storage Capacity:
    • Less Than 50 Liters
    • 51-100 Liters
    • 101-300 Liters
    • 301-500 Liters
    • More Than 501 Liters
  • Commercial Water Heater Market, By End-Use:
    • Condominium
    • Salon/Parlor
    • Hotels & Resort
    • Healthcare
    • Education
    • Others
  • Commercial Water Heater Market, By Sales Channel:
    • Direct Sales
    • Dealers/Agents
    • Retailers
    • Online
    • Others
  • Commercial Water Heater Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
      • Netherlands
      • Switzerland
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
      • New Zealand
      • Thailand
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • UAE
      • Qatar
      • Kuwait
    • South America
      • Brazil
      • Argentina
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global commercial water heater market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary         

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Different Sources of Water Heating

5.    Voice of Customer Analysis

5.1.  Brand Awareness

5.2.  Factors Influencing Purchase Decision

5.3.  Source of Information

6.    Global Commercial Water Heater Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.1.2.     By Volume       

6.2.  Market Share & Forecast

6.2.1.     By Type Market Share Analysis (Electric Water Heaters, Gas Water Heaters, Heat Pump Water Heater, Solar Water Heaters, and Others (Oil Water Heaters, Bio-Fuelled Water Heaters, etc.))

6.2.2.     By Product Type Market Share Analysis (Instant, Storage)

6.2.3.     By Storage Capacity Market Share Analysis (Less Than 50Liters, 51-100Liters, 101-300Liters, 301-500Liters, and More Than 501Liters)

6.2.4.     By Application Market Share Analysis (Condominium, Salon/Parlor, Hotels & Resort, Healthcare, Education, Others (Colleges/Universities, Offices, etc.)).

6.2.5.     By Sales Channel Market Share Analysis (Direct Sales, Dealers/Agents, Retailers, Online, and Others (Plumbers, Contractors, etc.)).

6.2.6.     By Regional Market Share Analysis

6.2.6.1.         North America Market Share Analysis

6.2.6.2.         Europe Market Share Analysis

6.2.6.3.         Asia -Pacific Market Share Analysis

6.2.6.4.         Middle East & Africa Market Share Analysis

6.2.6.5.         South America Market Share Analysis

6.2.7.     By Company Market Share Analysis

6.3.  Global Commercial Water Heater Market Mapping & Opportunity Assessment

6.3.1.     By Type Market Mapping & Opportunity Assessment

6.3.2.     By Product Type Market Mapping & Opportunity Assessment

6.3.3.     By Storage Capacity Market Mapping & Opportunity Assessment

6.3.4.     By Application Market Mapping & Opportunity Assessment

6.3.5.     By Sales Channel Market Mapping & Opportunity Assessment

6.3.6.     By Regional Market Mapping & Opportunity Assessment

7.    North America Commercial Water Heater Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.1.2.     By Volume

7.2.  Market Share & Forecast

7.2.1.     By Type Market Share Analysis

7.2.2.     By Product Type Market Share Analysis

7.2.3.     By Storage Capacity Market Share Analysis

7.2.4.     By Application Market Share Analysis

7.2.5.     By Sales Channel Market Share Analysis

7.2.6.     By Country Market Share Analysis

7.2.6.1.         United States Commercial Water Heater Market Outlook

7.2.6.1.1.             Market Size & Forecast

7.2.6.1.1.1. By Value

7.2.6.1.1.2. By Volume

7.2.6.1.2.             Market Share & Forecast

7.2.6.1.2.1. By Type Market Share Analysis

7.2.6.1.2.2. By Product Type Market Share Analysis

7.2.6.1.2.3. By Storage Capacity Market Share Analysis

7.2.6.1.2.4. By Application Market Share Analysis

7.2.6.1.2.5. By Sales Channel Market Share Analysis

7.2.6.2.         Canada Commercial Water Heater Market Outlook

7.2.6.2.1.             Market Size & Forecast

7.2.6.2.1.1. By Value

7.2.6.2.1.2. By Volume

7.2.6.2.2.             Market Share & Forecast

7.2.6.2.2.1. By Type Market Share Analysis

7.2.6.2.2.2. By Product Type Market Share Analysis

7.2.6.2.2.3. By Storage Capacity Market Share Analysis

7.2.6.2.2.4. By Application Market Share Analysis

7.2.6.2.2.5. By Sales Channel Market Share Analysis

7.2.6.3.         Mexico Commercial Water Heater Market Outlook

7.2.6.3.1.             Market Size & Forecast

7.2.6.3.1.1. By Value

7.2.6.3.1.2. By Volume

7.2.6.3.2.             Market Share & Forecast

7.2.6.3.2.1. By Type Market Share Analysis

7.2.6.3.2.2. By Product Type Market Share Analysis

7.2.6.3.2.3. By Storage Capacity Market Share Analysis

7.2.6.3.2.4. By Application Market Share Analysis

7.2.6.3.2.5. By Sales Channel Market Share Analysis

8.    Europe Commercial Water Heater Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.1.2.     By Volume

8.2.  Market Share & Forecast

8.2.1.     By Type Market Share Analysis

8.2.2.     By Product Type Market Share Analysis

8.2.3.     By Storage Capacity Market Share Analysis

8.2.4.     By Application Market Share Analysis

8.2.5.     By Sales Channel Market Share Analysis

8.2.6.     By Country Market Share Analysis

8.2.6.1.         United Kingdom Commercial Water Heater Market Outlook

8.2.6.1.1.             Market Size & Forecast

8.2.6.1.1.1. By Value

8.2.6.1.1.2. By Volume

8.2.6.1.2.             Market Share & Forecast

8.2.6.1.2.1. By Type Market Share Analysis

8.2.6.1.2.2. By Product Type Market Share Analysis

8.2.6.1.2.3. By Storage Capacity Market Share Analysis

8.2.6.1.2.4. By Application Market Share Analysis

8.2.6.1.2.5. By Sales Channel Market Share Analysis

8.2.6.1.3.             Germany Commercial Water Heater Market Outlook

8.2.6.1.4.             Market Size & Forecast

8.2.6.1.4.1. By Value

8.2.6.1.4.2. By Volume

8.2.6.1.5.             Market Share & Forecast

8.2.6.1.5.1. By Type Market Share Analysis

8.2.6.1.5.2. By Product Type Market Share Analysis

8.2.6.1.5.3. By Storage Capacity Market Share Analysis

8.2.6.1.5.4. By Application Market Share Analysis

8.2.6.1.5.5. By Sales Channel Market Share Analysis

8.2.6.2.         France Commercial Water Heater Market Outlook

8.2.6.2.1.             Market Size & Forecast

8.2.6.2.1.1. By Value

8.2.6.2.1.2. By Volume

8.2.6.2.2.             Market Share & Forecast

8.2.6.2.2.1. By Type Market Share Analysis

8.2.6.2.2.2. By Product Type Market Share Analysis

8.2.6.2.2.3. By Storage Capacity Market Share Analysis

8.2.6.2.2.4. By Application Market Share Analysis

8.2.6.2.2.5. By Sales Channel Market Share Analysis

8.2.6.3.         Spain Commercial Water Heater Market Outlook

8.2.6.3.1.             Market Size & Forecast

8.2.6.3.1.1. By Value

8.2.6.3.1.2. By Volume

8.2.6.3.2.             Market Share & Forecast

8.2.6.3.2.1. By Type Market Share Analysis

8.2.6.3.2.2. By Product Type Market Share Analysis

8.2.6.3.2.3. By Storage Capacity Market Share Analysis

8.2.6.3.2.4. By Application Market Share Analysis

8.2.6.3.2.5. By Sales Channel Market Share Analysis

8.2.6.4.         Italy Commercial Water Heater Market Outlook

8.2.6.4.1.             Market Size & Forecast

8.2.6.4.1.1. By Value

8.2.6.4.1.2. By Volume

8.2.6.4.2.             Market Share & Forecast

8.2.6.4.2.1. By Type Market Share Analysis

8.2.6.4.2.2. By Product Type Market Share Analysis

8.2.6.4.2.3. By Storage Capacity Market Share Analysis

8.2.6.4.2.4. By Application Market Share Analysis

8.2.6.4.2.5. By Sales Channel Market Share Analysis

8.2.6.5.         Netherlands Commercial Water Heater Market Outlook

8.2.6.5.1.             Market Size & Forecast

8.2.6.5.1.1. By Value

8.2.6.5.1.2. By Volume

8.2.6.5.2.             Market Share & Forecast

8.2.6.5.2.1. By Type Market Share Analysis

8.2.6.5.2.2. By Product Type Market Share Analysis

8.2.6.5.2.3. By Storage Capacity Market Share Analysis

8.2.6.5.2.4. By Application Market Share Analysis

8.2.6.5.2.5. By Sales Channel Market Share Analysis

8.2.6.6.         Switzerland Commercial Water Heater Market Outlook

8.2.6.6.1.             Market Size & Forecast

8.2.6.6.1.1. By Value

8.2.6.6.1.2. By Volume

8.2.6.6.2.             Market Share & Forecast

8.2.6.6.2.1. By Type Market Share Analysis

8.2.6.6.2.2. By Product Type Market Share Analysis

8.2.6.6.2.3. By Storage Capacity Market Share Analysis

8.2.6.6.2.4. By Application Market Share Analysis

8.2.6.6.2.5. By Sales Channel Market Share Analysis

9.    Asia-Pacific Commercial Water Heater Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.1.2.     By Volume

9.2.  Market Share & Forecast

9.2.1.     By Type Market Share Analysis

9.2.2.     By Product Type Market Share Analysis

9.2.3.     By Storage Capacity Market Share Analysis

9.2.4.     By Application Market Share Analysis

9.2.5.     By Sales Channel Market Share Analysis

9.2.6.     By Country Market Share Analysis

9.2.6.1.         China Commercial Water Heater Market Outlook

9.2.6.1.1.             Market Size & Forecast

9.2.6.1.1.1. By Value

9.2.6.1.1.2. By Volume

9.2.6.1.2.             Market Share & Forecast

9.2.6.1.2.1. By Type Market Share Analysis

9.2.6.1.2.2. By Product Type Market Share Analysis

9.2.6.1.2.3. By Storage Capacity Market Share Analysis

9.2.6.1.2.4. By Application Market Share Analysis

9.2.6.1.2.5. By Sales Channel Market Share Analysis

9.2.6.2.         Japan Commercial Water Heater Market Outlook

9.2.6.2.1.             Market Size & Forecast

9.2.6.2.1.1. By Value

9.2.6.2.1.2. By Volume

9.2.6.2.2.             Market Share & Forecast

9.2.6.2.2.1. By Type Market Share Analysis

9.2.6.2.2.2. By Product Type Market Share Analysis

9.2.6.2.2.3. By Storage Capacity Market Share Analysis

9.2.6.2.2.4. By Application Market Share Analysis

9.2.6.2.2.5. By Sales Channel Market Share Analysis

9.2.6.3.         India Commercial Water Heater Market Outlook

9.2.6.3.1.             Market Size & Forecast

9.2.6.3.1.1. By Value

9.2.6.3.1.2. By Volume

9.2.6.3.2.             Market Share & Forecast

9.2.6.3.2.1. By Type Market Share Analysis

9.2.6.3.2.2. By Product Type Market Share Analysis

9.2.6.3.2.3. By Storage Capacity Market Share Analysis

9.2.6.3.2.4. By Application Market Share Analysis

9.2.6.3.2.5. By Sales Channel Market Share Analysis

9.2.6.4.         Australia Commercial Water Heater Market Outlook

9.2.6.4.1.             Market Size & Forecast

9.2.6.4.1.1. By Value

9.2.6.4.1.2. By Volume

9.2.6.4.2.             Market Share & Forecast

9.2.6.4.2.1. By Type Market Share Analysis

9.2.6.4.2.2. By Product Type Market Share Analysis

9.2.6.4.2.3. By Storage Capacity Market Share Analysis

9.2.6.4.2.4. By Application Market Share Analysis

9.2.6.4.2.5. By Sales Channel Market Share Analysis

9.2.6.5.         New Zealand Commercial Water Heater Market Outlook

9.2.6.5.1.             Market Size & Forecast

9.2.6.5.1.1. By Value

9.2.6.5.1.2. By Volume

9.2.6.5.2.             Market Share & Forecast

9.2.6.5.2.1. By Type Market Share Analysis

9.2.6.5.2.2. By Product Type Market Share Analysis

9.2.6.5.2.3. By Storage Capacity Market Share Analysis

9.2.6.5.2.4. By Application Market Share Analysis

9.2.6.5.2.5. By Sales Channel Market Share Analysis

9.2.6.6.         South Korea Commercial Water Heater Market Outlook

9.2.6.6.1.             Market Size & Forecast

9.2.6.6.1.1. By Value

9.2.6.6.1.2. By Volume

9.2.6.6.2.             Market Share & Forecast

9.2.6.6.2.1. By Type Market Share Analysis

9.2.6.6.2.2. By Product Type Market Share Analysis

9.2.6.6.2.3. By Storage Capacity Market Share Analysis

9.2.6.6.2.4. By Application Market Share Analysis

9.2.6.6.2.5. By Sales Channel Market Share Analysis

9.2.6.7.         Thailand Commercial Water Heater Market Outlook

9.2.6.7.1.             Market Size & Forecast

9.2.6.7.1.1. By Value

9.2.6.7.1.2. By Volume

9.2.6.7.2.             Market Share & Forecast

9.2.6.7.2.1. By Type Market Share Analysis

9.2.6.7.2.2. By Product Type Market Share Analysis

9.2.6.7.2.3. By Storage Capacity Market Share Analysis

9.2.6.7.2.4. By Application Market Share Analysis

9.2.6.7.2.5. By Sales Channel Market Share Analysis

10.  Middle East & Africa Commercial Water Heater Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.1.2.  By Volume

10.2.              Market Share & Forecast

10.2.1.  By Type Market Share Analysis

10.2.2.  By Product Type Market Share Analysis

10.2.3.  By Storage Capacity Market Share Analysis

10.2.4.  By Application Market Share Analysis

10.2.5.  By Sales Channel Market Share Analysis

10.2.6.  By Country Market Share Analysis

10.2.6.1.      Saudi Arabia Commercial Water Heater Market Outlook

10.2.6.1.1.           Market Size & Forecast

10.2.6.1.1.1.               By Value

10.2.6.1.1.2.               By Volume

10.2.6.1.2.           Market Share & Forecast

10.2.6.1.2.1.               By Type Market Share Analysis

10.2.6.1.2.2.               By Product Type Market Share Analysis

10.2.6.1.2.3.               By Storage Capacity Market Share Analysis

10.2.6.1.2.4.               By Application Market Share Analysis

10.2.6.1.2.5.               By Sales Channel Market Share Analysis

10.2.6.2.      UAE Commercial Water Heater Market Outlook

10.2.6.2.1.           Market Size & Forecast

10.2.6.2.1.1.               By Value

10.2.6.2.1.2.               By Volume

10.2.6.2.2.           Market Share & Forecast

10.2.6.2.2.1.               By Type Market Share Analysis

10.2.6.2.2.2.               By Product Type Market Share Analysis

10.2.6.2.2.3.               By Storage Capacity Market Share Analysis

10.2.6.2.2.4.               By Application Market Share Analysis

10.2.6.2.2.5.               By Sales Channel Market Share Analysis

10.2.6.3.      Qatar Commercial Water Heater Market Outlook

10.2.6.3.1.           Market Size & Forecast

10.2.6.3.1.1.               By Value

10.2.6.3.1.2.               By Volume

10.2.6.3.2.           Market Share & Forecast

10.2.6.3.2.1.               By Type Market Share Analysis

10.2.6.3.2.2.               By Product Type Market Share Analysis

10.2.6.3.2.3.               By Storage Capacity Market Share Analysis

10.2.6.3.2.4.               By Application Market Share Analysis

10.2.6.3.2.5.               By Sales Channel Market Share Analysis

10.2.6.4.      Kuwait Commercial Water Heater Market Outlook

10.2.6.4.1.           Market Size & Forecast

10.2.6.4.1.1.               By Value

10.2.6.4.1.2.               By Volume

10.2.6.4.2.           Market Share & Forecast

10.2.6.4.2.1.               By Type Market Share Analysis

10.2.6.4.2.2.               By Product Type Market Share Analysis

10.2.6.4.2.3.               By Storage Capacity Market Share Analysis

10.2.6.4.2.4.               By Application Market Share Analysis

10.2.6.4.2.5.               By Sales Channel Market Share Analysis

10.2.6.5.      South Africa Commercial Water Heater Market Outlook

10.2.6.5.1.           Market Size & Forecast

10.2.6.5.1.1.               By Value

10.2.6.5.1.2.               By Volume

10.2.6.5.2.           Market Share & Forecast

10.2.6.5.2.1.               By Type Market Share Analysis

10.2.6.5.2.2.               By Product Type Market Share Analysis

10.2.6.5.2.3.               By Storage Capacity Market Share Analysis

10.2.6.5.2.4.               By Application Market Share Analysis

10.2.6.5.2.5.               By Sales Channel Market Share Analysis

11.   South America Commercial Water Heater Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value

11.1.2.  By Volume

11.2.              Market Share & Forecast

11.2.1.  By Type Market Share Analysis

11.2.2.  By Product Type Market Share Analysis

11.2.3.  By Storage Capacity Market Share Analysis

11.2.4.  By Application Market Share Analysis

11.2.5.  By Sales Channel Market Share Analysis

11.2.6.  By Country Market Share Analysis

11.2.6.1.      Brazil Commercial Water Heater Market Outlook

11.2.6.1.1.           Market Size & Forecast

11.2.6.1.1.1.               By Value

11.2.6.1.1.2.               By Volume

11.2.6.1.2.           Market Share & Forecast

11.2.6.1.2.1.               By Type Market Share Analysis

11.2.6.1.2.2.               By Product Type Market Share Analysis

11.2.6.1.2.3.               By Storage Capacity Market Share Analysis

11.2.6.1.2.4.               By Application Market Share Analysis

11.2.6.1.2.5.               By Sales Channel Market Share Analysis

11.2.6.2.      Argentina Commercial Water Heater Market Outlook

11.2.6.2.1.           Market Size & Forecast

11.2.6.2.1.1.               By Value

11.2.6.2.1.2.               By Volume

11.2.6.2.2.           Market Share & Forecast

11.2.6.2.2.1.               By Type Market Share Analysis

11.2.6.2.2.2.               By Product Type Market Share Analysis

11.2.6.2.2.3.               By Storage Capacity Market Share Analysis

11.2.6.2.2.4.               By Application Market Share Analysis

11.2.6.2.2.5.               By Sales Channel Market Share Analysis

11.2.6.3.      Colombia Commercial Water Heater Market Outlook

11.2.6.3.1.           Market Size & Forecast

11.2.6.3.1.1.               By Value

11.2.6.3.1.2.               By Volume

11.2.6.3.2.           Market Share & Forecast

11.2.6.3.2.1.               By Type Market Share Analysis

11.2.6.3.2.2.               By Product Type Market Share Analysis

11.2.6.3.2.3.               By Storage Capacity Market Share Analysis

11.2.6.3.2.4.               By Application Market Share Analysis

11.2.6.3.2.5.               By Sales Channel Market Share Analysis

12.  Market Dynamics

12.1.              Drivers

12.1.1.  Increasing Demand for Electric Commercial Water Heaters

12.1.2.  Rising Focus for Energy Efficient Products

12.1.3.  Increasing Tourism Sector

12.2.              Challenges

12.2.1.  Uneven Heating Temperature

12.2.2.  Tank Leakage in Commercial Storage Water Heaters

13.  Impact of COVID-19 on Global Commercial Water Heater Market

13.1.              Impact Assessment Model       

13.1.1.  Key Segments Impacted

13.1.2.  Key Regions Impacted

13.1.3.  Key Distribution Channel Impacted

14.  Market Trends & Developments

14.1.              Technological Advancement

14.2.              Increasing Consumer Preference for Heat Pump Water Heater

14.3.              Surge in Construction

14.4.              Rapid Surge of Tourism

14.5.              Increasing Investment In R&D

15.  SWOT Analysis

15.1.              Strengths

15.2.              Weakness

15.3.              Opportunities

15.4.              Threats

16.  Porter’s Five Forces Model

16.1.              Competitive Rivalry

16.2.              Bargaining Power of Buyers

16.3.              Bargaining Power of Suppliers

16.4.              Threat of New Entrants

16.5.              Threat of Substitutes

17.  Import & Export Analysis

17.1.              Top 5 Importing Countries

17.1.1.  By Value

17.2.              Top 5 Exporting Countries

17.2.1.  By Value

18.  Competitive Landscape

18.1.              Company Profiles

18.1.1.  A.O. Smith Corporation

18.1.1.1.      Company Details

18.1.1.2.      Products & Services

18.1.1.3.      Financial (As per Availability)

18.1.1.4.      Key Market Focus & Geographical Presence

18.1.1.5.      Recent Development

18.1.1.6.      Key Management Personnel

18.1.2.  Daikin Industries, Ltd.

18.1.2.1.      Company Details

18.1.2.2.      Products & Services

18.1.2.3.      Financial (As per Availability)

18.1.2.4.      Key Market Focus & Geographical Presence

18.1.2.5.      Recent Development

18.1.2.6.      Key Management Personnel

18.1.3.  Bosch Thermotechnik GmbH

18.1.3.1.      Company Details

18.1.3.2.      Products & Services

18.1.3.3.      Financial (As per Availability)

18.1.3.4.      Key Market Focus & Geographical Presence

18.1.3.5.      Recent Development

18.1.3.6.      Key Management Personnel

18.1.4.  Ingersoll Rand Inc.

18.1.4.1.      Company Details

18.1.4.2.      Products & Services

18.1.4.3.      Financial (As per Availability)

18.1.4.4.      Key Market Focus & Geographical Presence

18.1.4.5.      Recent Development

18.1.4.6.      Key Management Personnel

18.1.5.  Midea Group

18.1.5.1.      Company Details

18.1.5.2.      Products & Services

18.1.5.3.      Financial (As per Availability)

18.1.5.4.      Key Market Focus & Geographical Presence

18.1.5.5.      Recent Development

18.1.5.6.      Key Management Personnel

18.1.6.  Mitsubishi Electric Corporation

18.1.6.1.      Company Details

18.1.6.2.      Products & Services

18.1.6.3.      Financial (As per Availability)

18.1.6.4.      Key Market Focus & Geographical Presence

18.1.6.5.      Recent Development

18.1.6.6.      Key Management Personnel

18.1.7.  NIBE Energy Systems Limited

18.1.7.1.      Company Details

18.1.7.2.      Products & Services

18.1.7.3.      Financial (As per Availability)

18.1.7.4.      Key Market Focus & Geographical Presence

18.1.7.5.      Recent Development

18.1.7.6.      Key Management Personnel

18.1.8.  RHEEM Manufacturing Company

18.1.8.1.      Company Details

18.1.8.2.      Products & Services

18.1.8.3.      Financial (As per Availability)

18.1.8.4.      Key Market Focus & Geographical Presence

18.1.8.5.      Recent Development

18.1.8.6.      Key Management Personnel

18.1.9.  Valliant Group

18.1.9.1.      Company Details

18.1.9.2.      Products & Services

18.1.9.3.      Financial (As per Availability)

18.1.9.4.      Key Market Focus & Geographical Presence

18.1.9.5.      Recent Development

18.1.9.6.      Key Management Personnel

18.1.10.                Viessmann Group

18.1.10.1.    Company Details

18.1.10.2.    Products & Services

18.1.10.3.    Financial (As per Availability)

18.1.10.4.    Key Market Focus & Geographical Presence

18.1.10.5.    Recent Development

18.1.10.6.    Key Management Personnel

19.  Strategic Recommendations/Action Plan

19.1.              Key Focus Areas

19.2.              Target Regions & Countries

19.3.              Target Type

19.4.              Target Application

20.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The top companies operating in the market are A.O. Smith Corporation, Bosch Thermotechnik GmbH, Daikin Industries, Ltd., Ingersoll Rand Inc., Midea Group, Mitsubishi Electric Corporation, NIBE Energy Systems Limited, Rheem Manufacturing Company, Valliant Group, and Viessmann Group.

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The global commercial water heater is segmented into type, product type, storage capacity, application, sales channel, and region.

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Electric commercial water heaters are safer than fuel-filled water heater, is less expensive to install, has lower purchase cost, and has longer life expectancy.

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A commercial water heater can last more than 20 years with proper maintenance. Even after completing its age, replacement cycle is low because with proper care, maintenance, and repairing of parts time to time a commercial water heater may last longer.

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Parvati Sharma

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