Residential Gas Water Heater Market to exceed 27 million units by 2024

Germany gas water heater market size is predicted to witness gain over 1% by 2024. Growing environmental constraints coupled with increasing adoption of advanced heating technologies will foster the business landscape. Favorable government initiatives along with growing consumer awareness toward ecological balance will further stimulate the product demand.

Frequent amendments in the European Directive 2009/125/EC to include and regulate advancing heating and cooling technologies including smart control heaters will positively impact the business growth. Increasing concerns to reduce emissions during the use phase of products along with improved product life expectancies will further drive the gas water heater market.

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Gas Water Heater Market size will exceed USD 9 billion by 2024, as reported in the latest study.

Stringent government norms toward integration of energy efficient products coupled with growing demand for refurbishment of existing heating pipelines and systems will drive the gas water heater market share. Regulatory reforms pertaining to enhanced product efficiencies along with increasing consumer awareness towards emission control will further enhance the industry outlook.

In 2017, Government of Canada enacted the federal Energy Efficiency Regulations 2016 to amend the existing mandates. The amendment implements improved energy efficiency standards subject to consumer product manufacture in the country and further homogenize domestic standards with that adopted by the U.S.

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China gas water heater market size will witness strong growth pertaining to rapid commercialization and residential establishments to integrate a sustainable economic scenario. High end research investments with an aim to achieve reduced cost of energy favored by government initiatives to introduce clean energy systems will further complement the business outlook. The China Strategy of Energy Production and Consumption Revolution (2016-2030) aims at addressing energy security, economic and environmental challenges in the country. The program bridges across Sustainable Development Goal (SDG) 7 (affordable and clean energy) and SDG 13 (climate action) by the regulators.

Residential gas water heater market in 2016, was valued over 25 million units. Ongoing residential establishments across developing countries favoured by rising infrastructural investments will stimulate the product demand. Advancing real estate sector coupled with growing demand for refitting of existing infrastructure will foster the product penetration. Rapid technological advancements along with increasing measures to reduce product standby losses will further thrust the industry growth

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Notable players in gas water heater market share include Rinnai, A.O. Smith, Rheem, Bradford White, American Water Heaters, State Water Heaters, Kenmore, US Craft Master, Reliance Water Heaters, Whirlpool, Noritz, Lochinvar, Racold, Ferroli, and V-guard.

Partial Table of Contents (ToC) of the report:

Chapter 2. Gas Water Heater Market, By Application

2.1. Global market share by application, 2016 & 2024

2.2. Residential

2.2.1.   Residential market, 2013 – 2024

2.2.2.   Residential market by region, 2013 – 2024

2.3. Commercial

2.3.1.   Commercial market, 2013 – 2024

2.3.2.   Commercial market by region, 2013 – 2024

2.3.3.   College/Universities    College/Universities market, 2013 – 2024    College/Universities market by region, 2013 – 2024

2.3.4.   Office    Office market, 2013 – 2024    Office market by region, 2013 – 2024

2.3.5.   Government/Military    Government/Military market, 2013 – 2024    Government/Military market by region, 2013 – 2024

2.3.6.   Others    Others market, 2013 – 2024    Others market by region, 2013 – 2024

2.4. Industrial

2.4.1.   Industrial market, 2013 – 2024

2.4.2.   Industrial market by region, 2013 – 2024

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