Market Overview:
The global gas-based commercial water heater 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 hot water in various applications such as colleges, hotels, and others. In addition, the growing awareness about energy-efficient water heating solutions is also propelling the growth of this market. Based on type, the gas-based commercial water heater market can be segmented into 400 liters segments.
Product Definition:
A gas-based commercial water heater is a type of water heater that uses natural gas or propane to heat water. These water heaters are typically used in businesses and other large facilities where there is a high demand for hot water. Gas-based commercial water heaters are important because they can provide large amounts of hot water quickly and efficiently.
Water heater sizes are based on the capacity of the unit, which is determined by its design. The most common types of water heaters include 30-60 liters, 60-120 liters, 120-180 liters and >180 liter.
30-100 Liters:
30-100 liters is the range of water storage sizes used in gas-based commercial water heaters. It is a common range for most households and small businesses across the globe. The 30 to 100 liter size tank can typically hold around 3 to 8 gallons of water depending on its use and application.
Application Insights:
The gas-based commercial water heater is widely used in hotels, restaurants and other similar facilities. The segment accounted for over 50% of the global market share in terms of revenue in 2017. Increasing construction activities across the globe are expected to drive demand for gas-based commercial water heaters over the forecast period.
Increasing investments by governments and private companies to develop shale gas reserves are projected to augment the growth of this segment from 2018 to 2030. Growing use of natural gas as an alternative fuel source has resulted in a significant decline in its price which is anticipated to have a positive impact on industry growth over the next eight years or so.
College application was estimated as one of the major applications that accounted for around 15% market share, owing to increasing government initiatives towards installing energy efficient products such as hot water systems at colleges and universities across various regions including North America, Europe, Asia Pacific and Middle East & Africa.
Regional Analysis:
Asia Pacific dominated the global gas-based commercial water heater market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 35% in 2017 owing to increasing number of hotels and restaurants, along with growing population, especially in China and India. Furthermore, rising disposable income coupled with changing lifestyles will drive demand for these products over the next eight years.
Europe is anticipated to be one of the fastest-growing regional markets from 2018 to 2030 on account of rapid urbanization resulting in increased construction activities across countries such as Russia, Turkey, Italy among others are likely to boost product demand majorly used for space heating applications.
Growth Factors:
- Increasing demand for gas-based water heaters from the commercial sector on account of their energy efficiency and low operating costs as compared to electric water heaters.
- Growing popularity of tankless gas-based water heaters owing to their space saving design, ability to provide an endless supply of hot water, and lower installation costs as compared to traditional tank-type models.
- Rising awareness about the benefits of using gas-based commercial water heaters among business owners, which is resulting in an increase in demand for these products.
- Proliferation of smart home technologies that allow users to control their appliances remotely, providing a boost to the sales of gas-based commercial water heaters.
Scope Of The Report
Report Attributes
Report Details
Report Title
Gas-based Commercial Water Heater Market Research Report
By Type
<30 Liters, 30-100 Liters, 100-250 Liters, 250-400 Liters, >400 Liters
By Application
College, Hotel, Others
By Companies
AO Smith, Rheem, Bosch, Giant, Vanward, Rinnai, Haier, Vatti, Ckevel, Fotile
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
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Gas-based Commercial Water Heater Market Report Segments:
The global Gas-based Commercial Water Heater market is segmented on the basis of:
Types
<30 Liters, 30-100 Liters, 100-250 Liters, 250-400 Liters, >400 Liters
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
College, Hotel, Others
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:
- AO Smith
- Rheem
- Bosch
- Giant
- Vanward
- Rinnai
- Haier
- Vatti
- Ckevel
- Fotile
Highlights of The Gas-based Commercial Water Heater 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:
- <30 Liters
- 30-100 Liters
- 100-250 Liters
- 250-400 Liters
- >400 Liters
- By Application:
- College
- Hotel
- Others
- 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 Gas-based Commercial Water Heater 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
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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 gas-based commercial water heater is a type of water heater that uses natural gas as its primary fuel source. This type of water heater is typically more affordable than other types of water heaters, and it offers several benefits over traditional electric or oil-based water heaters. These benefits include: • Low emissions – Gas-based commercial water heaters produce very low emissions, which makes them a good choice for businesses that are concerned about environmental pollution. • Easy installation – Gas-based commercial Water Heaters are typically easy to install, making them an ideal option for businesses with limited space or resources.
Some of the key players operating in the gas-based commercial water heater market are AO Smith, Rheem, Bosch, Giant, Vanward, Rinnai, Haier, Vatti, Ckevel, Fotile.
The gas-based commercial water heater market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Gas-based Commercial Water Heater 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 Gas-based Commercial Water Heater Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Gas-based Commercial Water Heater 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 Gas-based Commercial Water Heater 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 Gas-based Commercial Water Heater Market Size & Forecast, 2020-2028
4.5.1 Gas-based Commercial Water Heater Market Size and Y-o-Y Growth
4.5.2 Gas-based Commercial Water Heater 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 <30 Liters
5.2.2 30-100 Liters
5.2.3 100-250 Liters
5.2.4 250-400 Liters
5.2.5 >400 Liters
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 College
6.2.2 Hotel
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Gas-based Commercial Water Heater 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 Gas-based Commercial Water Heater 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 <30 Liters
9.6.2 30-100 Liters
9.6.3 100-250 Liters
9.6.4 250-400 Liters
9.6.5 >400 Liters
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 College
9.10.2 Hotel
9.10.3 Others
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 <30 Liters
10.6.2 30-100 Liters
10.6.3 100-250 Liters
10.6.4 250-400 Liters
10.6.5 >400 Liters
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 College
10.10.2 Hotel
10.10.3 Others
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 <30 Liters
11.6.2 30-100 Liters
11.6.3 100-250 Liters
11.6.4 250-400 Liters
11.6.5 >400 Liters
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 College
11.10.2 Hotel
11.10.3 Others
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 <30 Liters
12.6.2 30-100 Liters
12.6.3 100-250 Liters
12.6.4 250-400 Liters
12.6.5 >400 Liters
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 College
12.10.2 Hotel
12.10.3 Others
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 <30 Liters
13.6.2 30-100 Liters
13.6.3 100-250 Liters
13.6.4 250-400 Liters
13.6.5 >400 Liters
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 College
13.10.2 Hotel
13.10.3 Others
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 Gas-based Commercial Water Heater Market: Competitive Dashboard
14.2 Global Gas-based Commercial Water Heater Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AO Smith
14.3.2 Rheem
14.3.3 Bosch
14.3.4 Giant
14.3.5 Vanward
14.3.6 Rinnai
14.3.7 Haier
14.3.8 Vatti
14.3.9 Ckevel
14.3.10 Fotile
