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Gas Water Heater Market Size, Share Global Analysis Report, 2020–2026
Gas Water Heater Market – By Type (Instant, Storage) By Capacity (< 30 Liters, 30-100 Liters, 100-250 Liters, 250-400 Liters, > 400 Liters) By Fuel (Natural Gas, LPG) and By Application (Residential, Commercial): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026
Industry Insights
[189+ Pages Report] According to the report published by Facts Factors, the global gas water heater market size was worth around USD 7 billion in 2019 and is predicted to grow to around USD 9 billion by 2026 with a compound annual growth rate (CAGR) of roughly XX% between 2023 and 2030. The report analyzes the global gas water heater market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the gas water heater market..
The gas water heater market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Gas Water Heater Market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Units) and value (USD Million) from FY 2016 – 2026.
Key Insights from Primary Research
- As per our primary respondents, the gas water heater market is expected to grow at a CAGR of around 6%.
- Through the primary research analysis, the gas water heater market was valued at around USD 7 Billion in 2019.
- The “storage” category, on the basis of type segmentation, is expected to hold the maximum share in the market.
- As per the capacity segmentation, the “30-100 liters” category is expected to be the leading shareholder.
- On the basis of fuel segmentation, the “LPG” category contributes to the maximum revenue.
- On the basis of application segmentation, the “residential” category holds the leading share.
Key Recommendations from Analysts
- As per our analysts, the gas water heater market has a steady growth trend owing to its growing demand in upcoming infrastructural projects across the globe.
- The manufacturers of this market are designing their products at a very competitive price and are providing the latest technological options owing to which there is a huge competition in the market.
- The manufacturers are also coming up with heaters that are less harmful to the environment and have less carbon footprint.
- As the market is growing at a CAGR around 6%, it offers abundant opportunities for all of the involved investors across the entire value chain.
- Our analysts have identified the “Instant” category as the leading investment pocket for the gas water heater market in terms of type segmentation respectively.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Gas Water Heater Market industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Gas Water Heater Market industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Gas Water Heater Market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Gas Water Heater Market industry. The Gas Water Heater Market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Gas Water Heater Market sector. Key strategic developments in the Gas Water Heater Market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Gas Water Heater Market are appropriately highlighted in the report.
The growing need for energy-efficient water heaters, along with the substitution of conventional water heating systems for efficient time and money, is raising the need for the market for gas water heaters. In addition, rapid urbanization and technical advancements in remote tracking, AI-controlled applications, Wi-Fi networking options in product design and service are leading to market development. The surging need to address the instant hot water demand across the commercial places is also bolstering the growth of the market.
The Gas Water Heater Market research report delivers an acute valuation and taxonomy of the Gas Water Heater Market industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 7 Billion |
Projected Market Size in 2026 |
USD 9 Billion |
CAGR Growth Rate |
6% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
A.O Smith, Westinghouse Electric Corporation, Noritz Corporation, Lennox, HTP Comfort Solutions, Parker Boiler Company, BDR Thermea Group, State Water Heaters, American Standard Water Heaters, Vaillant Group, Ariston Thermo, Bradford White Corporation, Haier Electronics, Bosch Thermotechnology, Racold, Whirlpool Corporation, Rinnai Corporation, Rheem Manufacturing, Ferroli, Hubbell Electric Heater Company, Havells India Limited, and Others |
Key Segment |
By Typ, Capacity, Fuel, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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The regional segmentation of the Gas Water Heater Market industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Gas Water Heater Market industry is provided for the leading economies of the world.
The Gas Water Heater Market is segmented based on Type, Capacity, Fuel and Application. On the basis of type segmentation, the market is classified into instant and storage. In terms of capacity segmentation, the market is bifurcated into < 30 Liters, 30-100 Liters, 100-250 Liters, 250-400 Liters, and > 400 Liters. In terms of fuel segmentation, the market is divided into Natural Gas and LPG. In terms of application, the market is divided classifies into residential and commercial.
Some of the essential players operating in the Gas Water Heater Market, but not restricted to include
- A.O Smith
- Westinghouse Electric Corporation
- Noritz Corporation
- Lennox
- HTP Comfort Solutions
- Parker Boiler Company
- BDR Thermea Group
- State Water Heaters
- American Standard Water Heaters
- Vaillant Group
- Ariston Thermo
- Bradford White Corporation
- Haier Electronics
- Bosch Thermotechnology
- Racold
- Whirlpool Corporation
- Rinnai Corporation
- Rheem Manufacturing
- Ferroli
- Hubbell Electric Heater Company
- Havells India Limited.
The taxonomy of the Gas Water Heater Market industry by its scope and segmentation is as follows:
By Type Segmentation Analysis (Customizable)
- Instant
- Storage
By Capacity Segmentation Analysis (Customizable)
- < 30 Liters
- 30-100 Liters
- 100-250 Liters
- 250-400 Liters
- > 400 Liters
By Fuel Segmentation Analysis (Customizable)
- Natural Gas
- LPG
By Application Segmentation Analysis (Customizable)
- Residential
- Commercial
Regional Segmentation Analysis (Customizable)
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table of Content
Industry Major Market Players
- A.O Smith
- Westinghouse Electric Corporation
- Noritz Corporation
- Lennox
- HTP Comfort Solutions
- Parker Boiler Company
- BDR Thermea Group
- State Water Heaters
- American Standard Water Heaters
- Vaillant Group
- Ariston Thermo
- Bradford White Corporation
- Haier Electronics
- Bosch Thermotechnology
- Racold
- Whirlpool Corporation
- Rinnai Corporation
- Rheem Manufacturing
- Ferroli
- Hubbell Electric Heater Company
- Havells India Limited.
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