Market Overview:
The global fossil fuel fired water heaters market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for residential and commercial applications across the globe. In terms of type, the natural gas-fired water heaters segment is expected to dominate the market during the forecast period, owing to its high efficiency and low emissions as compared to other types of fossil fuel-fired water heaters.
Product Definition:
A fossil fuel fired water heater is a device that uses fossil fuels such as coal, natural gas, or oil to heat water. The hot water produced by the heater can be used for a variety of purposes, including bathing, washing dishes, and watering plants.
Natural Gas:
Natural gas is one of the cleanest fossil fuels and it's production involves a cleaner process than coal. Coal mining involves the use of heavy machinery that produces harmful fumes and gases, whereas natural gas does not. Natural gas has been replacing coal as an energy source in power plants across the globe owing to its abundant availability, low cost, and cleaner combustion than other fossil fuels.
Propane:
Propane is a colorless and flammable gas with a slight odor. It is usually produced as a by-product of natural gas and petroleum refining processes. It can also be manufactured from coal or wood, but these methods are expensive compared to the production from natural gases. The U.S.
Application Insights:
The other applications segment includes industrial, healthcare and food, hospitality and recreational facilities. The demand for fossil fuel fired water heaters is expected to be driven by the residential sector as they are more cost-effective as compared to electric or gas boilers. In addition, these products have a lower environmental impact as compared to other heating technologies such as direct flame combustion boilers.
Fossil fuelfired water heaters dominated the market in terms of revenue share in 2017 owing to their ability to provide hot water on command which is an essential requirement for various industries including power generation and manufacturing across various regions globally. Increasing industrialization across developing economies such as India, China South Korea Vietnam Indonesia Philippines Thailand Malaysia etcetera is anticipated drive industry expansion over the forecast period thereby fueling growth over the coming years.
Regional Analysis:
Asia Pacific dominated the global fossil fuel fired water heaters market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in industrial activities, especially manufacturing sector, which has resulted in an increased demand for energy-efficient technologies. Furthermore, rising population coupled with increasing standards of living is anticipated to drive product demand further.
The Asia Pacific was followed by Europe wherein countries such as Germany, Italy and U.K., among others have started phasing out of these devices owing to their harmful environmental effects as well as high cost associated with them (fossil fuels). North America held a relatively smaller share owing to stringent regulations regarding carbon emissions from coal-fired power plants that are driving customers towards other options such as gas or oil fired water heaters for heating purposes along with hot water supply requirements within buildings across commercial sectors including hotels and restaurants etc.
Growth Factors:
- Increasing demand for hot water in residential and commercial sectors
- Growing construction industry worldwide
- Rising awareness about energy-efficient water heating solutions
- Technological advancements in fossil fuel fired water heaters market
- Favorable government policies and initiatives to promote the adoption of energy-efficient technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Fossil Fuel Fired Water Heaters Market Research Report
By Type
Natural Gas, Propane, Oil
By Application
Residential, Commercial, Other Applications
By Companies
A.O. Smith Corporation, Bosch, Bradford White Corporation, Noritz Corporation, Rheem Manufacturing Company, Rinnai, Crompton Greaves Ltd., Eccotemp Systems, Electrolux, Heat Transfer Products Inc., A.O. Smith Corporation, Rinnai, Midea Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
127
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Fossil Fuel Fired Water Heaters Market Report Segments:
The global Fossil Fuel Fired Water Heaters market is segmented on the basis of:
Types
Natural Gas, Propane, Oil
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial, Other Applications
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- A.O. Smith Corporation
- Bosch
- Bradford White Corporation
- Noritz Corporation
- Rheem Manufacturing Company
- Rinnai
- Crompton Greaves Ltd.
- Eccotemp Systems
- Electrolux
- Heat Transfer Products Inc.
- A.O. Smith Corporation
- Rinnai
- Midea Group
Highlights of The Fossil Fuel Fired Water Heaters Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Natural Gas
- Propane
- Oil
- By Application:
- Residential
- Commercial
- Other Applications
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fossil Fuel Fired Water Heaters Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A fossil fuel fired water heater is a type of water heater that uses fossil fuels to heat the water. These heaters are often used in homes or businesses because they are affordable and easy to use.
Some of the major companies in the fossil fuel fired water heaters market are A.O. Smith Corporation, Bosch, Bradford White Corporation, Noritz Corporation, Rheem Manufacturing Company, Rinnai, Crompton Greaves Ltd., Eccotemp Systems, Electrolux, Heat Transfer Products Inc., A.O. Smith Corporation, Rinnai, Midea Group.
The fossil fuel fired water heaters market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fossil Fuel Fired Water Heaters Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fossil Fuel Fired Water Heaters Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fossil Fuel Fired Water Heaters Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fossil Fuel Fired Water Heaters Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fossil Fuel Fired Water Heaters Market Size & Forecast, 2020-2028
4.5.1 Fossil Fuel Fired Water Heaters Market Size and Y-o-Y Growth
4.5.2 Fossil Fuel Fired Water Heaters Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Natural Gas
5.2.2 Propane
5.2.3 Oil
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Other Applications
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fossil Fuel Fired Water Heaters Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fossil Fuel Fired Water Heaters Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Natural Gas
9.6.2 Propane
9.6.3 Oil
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Other Applications
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Natural Gas
10.6.2 Propane
10.6.3 Oil
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Other Applications
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Natural Gas
11.6.2 Propane
11.6.3 Oil
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Other Applications
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Natural Gas
12.6.2 Propane
12.6.3 Oil
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Other Applications
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Natural Gas
13.6.2 Propane
13.6.3 Oil
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Other Applications
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fossil Fuel Fired Water Heaters Market: Competitive Dashboard
14.2 Global Fossil Fuel Fired Water Heaters Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 A.O. Smith Corporation
14.3.2 Bosch
14.3.3 Bradford White Corporation
14.3.4 Noritz Corporation
14.3.5 Rheem Manufacturing Company
14.3.6 Rinnai
14.3.7 Crompton Greaves Ltd.
14.3.8 Eccotemp Systems
14.3.9 Electrolux
14.3.10 Heat Transfer Products Inc.
14.3.11 A.O. Smith Corporation
14.3.12 Rinnai
14.3.13 Midea Group
