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Gas Water Heater Market By Product Type (Instant, Storage), By Installation Type (Outdoor, Indoor), By Fuel Type (Natural Gas, LPG), By Application (Residential, Commercial, Industrial): Global Opportunity Analysis and Industry Forecast, 2023-2032

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    Report

  • 342 Pages
  • August 2023
  • Region: Global
  • Allied Market Research
  • ID: 5670898
Description Jump to:
The global gas water heater market was valued at $7.8 billion in 2022, and is projected to reach $12.8 billion by 2032, growing at a CAGR of 5.1% from 2023 to 2032.

A gas water heater is a heating device where natural gas and LPG are used as fuel sources to heat the water for various purposes. The rise in hot water requirements across both commercial and residential sectors, coupled with a rise in demand from off-grid areas is expected to accelerate the market expansion. Furthermore, a shift in consumer awareness toward advanced technological and product development is projected to propel gas water heater market growth.

The gas water heater market is segmented on the basis of product type, installation type, fuel type, application, and region. On the basis of product type, the market is segmented into instant and storage. On the basis of installation type, it is bifurcated into indoor and outdoor. Furthermore, on the basis of fuel type, it is segmented into natural gas and LPG. In addition, on the basis of application type, the market is segmented into residential, commercial, and industrial. Region wise, the gas water heater market size is studied across North America, Europe, Asia-Pacific, and LAMEA.

Growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights key areas of investment. In addition, it includes porter’s five forces analysis to understand the competitive scenario of the gas water heater industry and the role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market.

Furthermore, it highlights the competitive landscape of key players to increase their gas water heater market share and sustain intense competition in the industry. A.O. Smith, Ariston Thermo S.p.A, BDR Thermea Group, Bosch Thermotechnology, Bradford White Corporation, Haier Electronics, HTP Comfort Solutions LLC, Lennox, Racold, and Rheem Manufacturing Company are some of the major players discussed in the report. Hence, to understand the market, drivers, restraints, and opportunities are explained in the report. Further, key strategies adopted by potential market leaders to facilitate effective planning have been discussed under the scope of the report.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the gas water heater market analysis from 2022 to 2032 to identify the prevailing gas water heater market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the gas water heater market share, segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global gas water heater market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

  • Quarterly update (only available with the purchase of an enterprise license)
  • 5 additional company profiles of your choice, pre- or post-purchase, as a free update.
  • Free updated version (once released) with the purchase of a 1-5 or enterprise user license.
  • 16 analyst hours of support (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
  • 15% free customization (in case the scope or segment of the report does not match your requirements, 20% is equivalent to 3 working days of free work, applicable once)
  • Free data pack (Excel version) with the purchase of a 1-5 or enterprise user license.
  • Free report update, if the report is 6-12 months old or older.
  • 24-hour priority response
  • Free industry updates and white papers.

Key Market Segments

By Installation Type

  • Outdoor
  • Indoor

By Fuel Type

  • Natural Gas
  • LPG

By Application

  • Residential
  • Commercial
  • Industrial

By Product Type

  • Instant
  • Storage

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Key Market Players

  • Bradford White Corporation
  • NORITZ Corporation
  • A.O. Smith Corporation
  • Bosch Thermotechnik GmbH
  • HTP LLC
  • Haier Inc.
  • Lennox International Inc.
  • BDR Thermea Group
  • Ariston Group
  • Ecosmart Green Energy Products, Inc.

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Low bargaining power of suppliers
3.3.2. Low threat of new entrants
3.3.3. Low threat of substitutes
3.3.4. Low intensity of rivalry
3.3.5. Low bargaining power of buyers
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Rise in the number of hospitals, hotels, and wide domestic applications
3.4.1.2. Surge in population and improved infrastructure in rural areas
3.4.1.3. Rapid growth of the residential construction sector and stringent government regulations toward environmental pollution
3.4.2. Restraints
3.4.2.1. Favorable government subsidies encourage the use of solar water heaters
3.4.2.2. Technical issues
3.4.3. Opportunities
3.4.3.1. Innovation in technologies
3.4.3.2. Expansion of piped gas networks across developing countries
3.5. Value Chain Analysis
3.6. Key Regulation Analysis
3.7. Pricing Analysis
3.8. Patent Landscape
3.9. Gas Tankless Water Heater Unit Cost Overview
3.10. Gas Water Heater Costs for Top Brands
CHAPTER 4: GAS WATER HEATER MARKET, BY PRODUCT TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Instant
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Storage
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
CHAPTER 5: GAS WATER HEATER MARKET, BY INSTALLATION TYPE
5.1. Overview
5.1.1. Market size and forecast
5.2. Outdoor
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Indoor
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
CHAPTER 6: GAS WATER HEATER MARKET, BY FUEL TYPE
6.1. Overview
6.1.1. Market size and forecast
6.2. Natural Gas
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. LPG
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
CHAPTER 7: GAS WATER HEATER MARKET, BY APPLICATION
7.1. Overview
7.1.1. Market size and forecast
7.2. Residential
7.2.1. Key market trends, growth factors and opportunities
7.2.2. Market size and forecast, by region
7.2.3. Market share analysis by country
7.3. Commercial
7.3.1. Key market trends, growth factors and opportunities
7.3.2. Market size and forecast, by region
7.3.3. Market share analysis by country
7.4. Industrial
7.4.1. Key market trends, growth factors and opportunities
7.4.2. Market size and forecast, by region
7.4.3. Market share analysis by country
CHAPTER 8: GAS WATER HEATER MARKET, BY REGION
8.1. Overview
8.1.1. Market size and forecast By Region
8.2. North America
8.2.1. Key market trends, growth factors and opportunities
8.2.2. Market size and forecast, by Product Type
8.2.3. Market size and forecast, by Installation Type
8.2.4. Market size and forecast, by Fuel Type
8.2.5. Market size and forecast, by Application
8.2.6. Market size and forecast, by country
8.2.6.1. U.S.
8.2.6.1.1. Market size and forecast, by Product Type
8.2.6.1.2. Market size and forecast, by Installation Type
8.2.6.1.3. Market size and forecast, by Fuel Type
8.2.6.1.4. Market size and forecast, by Application
8.2.6.2. Canada
8.2.6.2.1. Market size and forecast, by Product Type
8.2.6.2.2. Market size and forecast, by Installation Type
8.2.6.2.3. Market size and forecast, by Fuel Type
8.2.6.2.4. Market size and forecast, by Application
8.2.6.3. Mexico
8.2.6.3.1. Market size and forecast, by Product Type
8.2.6.3.2. Market size and forecast, by Installation Type
8.2.6.3.3. Market size and forecast, by Fuel Type
8.2.6.3.4. Market size and forecast, by Application
8.3. Europe
8.3.1. Key market trends, growth factors and opportunities
8.3.2. Market size and forecast, by Product Type
8.3.3. Market size and forecast, by Installation Type
8.3.4. Market size and forecast, by Fuel Type
8.3.5. Market size and forecast, by Application
8.3.6. Market size and forecast, by country
8.3.6.1. Germany
8.3.6.1.1. Market size and forecast, by Product Type
8.3.6.1.2. Market size and forecast, by Installation Type
8.3.6.1.3. Market size and forecast, by Fuel Type
8.3.6.1.4. Market size and forecast, by Application
8.3.6.2. UK
8.3.6.2.1. Market size and forecast, by Product Type
8.3.6.2.2. Market size and forecast, by Installation Type
8.3.6.2.3. Market size and forecast, by Fuel Type
8.3.6.2.4. Market size and forecast, by Application
8.3.6.3. France
8.3.6.3.1. Market size and forecast, by Product Type
8.3.6.3.2. Market size and forecast, by Installation Type
8.3.6.3.3. Market size and forecast, by Fuel Type
8.3.6.3.4. Market size and forecast, by Application
8.3.6.4. Spain
8.3.6.4.1. Market size and forecast, by Product Type
8.3.6.4.2. Market size and forecast, by Installation Type
8.3.6.4.3. Market size and forecast, by Fuel Type
8.3.6.4.4. Market size and forecast, by Application
8.3.6.5. Italy
8.3.6.5.1. Market size and forecast, by Product Type
8.3.6.5.2. Market size and forecast, by Installation Type
8.3.6.5.3. Market size and forecast, by Fuel Type
8.3.6.5.4. Market size and forecast, by Application
8.3.6.6. Rest of Europe
8.3.6.6.1. Market size and forecast, by Product Type
8.3.6.6.2. Market size and forecast, by Installation Type
8.3.6.6.3. Market size and forecast, by Fuel Type
8.3.6.6.4. Market size and forecast, by Application
8.4. Asia-Pacific
8.4.1. Key market trends, growth factors and opportunities
8.4.2. Market size and forecast, by Product Type
8.4.3. Market size and forecast, by Installation Type
8.4.4. Market size and forecast, by Fuel Type
8.4.5. Market size and forecast, by Application
8.4.6. Market size and forecast, by country
8.4.6.1. China
8.4.6.1.1. Market size and forecast, by Product Type
8.4.6.1.2. Market size and forecast, by Installation Type
8.4.6.1.3. Market size and forecast, by Fuel Type
8.4.6.1.4. Market size and forecast, by Application
8.4.6.2. Japan
8.4.6.2.1. Market size and forecast, by Product Type
8.4.6.2.2. Market size and forecast, by Installation Type
8.4.6.2.3. Market size and forecast, by Fuel Type
8.4.6.2.4. Market size and forecast, by Application
8.4.6.3. India
8.4.6.3.1. Market size and forecast, by Product Type
8.4.6.3.2. Market size and forecast, by Installation Type
8.4.6.3.3. Market size and forecast, by Fuel Type
8.4.6.3.4. Market size and forecast, by Application
8.4.6.4. South Korea
8.4.6.4.1. Market size and forecast, by Product Type
8.4.6.4.2. Market size and forecast, by Installation Type
8.4.6.4.3. Market size and forecast, by Fuel Type
8.4.6.4.4. Market size and forecast, by Application
8.4.6.5. Rest of Asia-Pacific
8.4.6.5.1. Market size and forecast, by Product Type
8.4.6.5.2. Market size and forecast, by Installation Type
8.4.6.5.3. Market size and forecast, by Fuel Type
8.4.6.5.4. Market size and forecast, by Application
8.5. LAMEA
8.5.1. Key market trends, growth factors and opportunities
8.5.2. Market size and forecast, by Product Type
8.5.3. Market size and forecast, by Installation Type
8.5.4. Market size and forecast, by Fuel Type
8.5.5. Market size and forecast, by Application
8.5.6. Market size and forecast, by country
8.5.6.1. Brazil
8.5.6.1.1. Market size and forecast, by Product Type
8.5.6.1.2. Market size and forecast, by Installation Type
8.5.6.1.3. Market size and forecast, by Fuel Type
8.5.6.1.4. Market size and forecast, by Application
8.5.6.2. Saudi Arabia
8.5.6.2.1. Market size and forecast, by Product Type
8.5.6.2.2. Market size and forecast, by Installation Type
8.5.6.2.3. Market size and forecast, by Fuel Type
8.5.6.2.4. Market size and forecast, by Application
8.5.6.3. South Africa
8.5.6.3.1. Market size and forecast, by Product Type
8.5.6.3.2. Market size and forecast, by Installation Type
8.5.6.3.3. Market size and forecast, by Fuel Type
8.5.6.3.4. Market size and forecast, by Application
8.5.6.4. Rest of LAMEA
8.5.6.4.1. Market size and forecast, by Product Type
8.5.6.4.2. Market size and forecast, by Installation Type
8.5.6.4.3. Market size and forecast, by Fuel Type
8.5.6.4.4. Market size and forecast, by Application
CHAPTER 9: COMPETITIVE LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Players
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top player positioning, 2022
CHAPTER 10: COMPANY PROFILES
10.1. A.O. Smith Corporation
10.1.1. Company overview
10.1.2. Key Executives
10.1.3. Company snapshot
10.1.4. Operating business segments
10.1.5. Product portfolio
10.1.6. Business performance
10.1.7. Key strategic moves and developments
10.2. Ariston Group
10.2.1. Company overview
10.2.2. Key Executives
10.2.3. Company snapshot
10.2.4. Operating business segments
10.2.5. Product portfolio
10.2.6. Business performance
10.3. BDR Thermea Group
10.3.1. Company overview
10.3.2. Key Executives
10.3.3. Company snapshot
10.3.4. Operating business segments
10.3.5. Product portfolio
10.3.6. Key strategic moves and developments
10.4. Bosch Thermotechnik GmbH
10.4.1. Company overview
10.4.2. Key Executives
10.4.3. Company snapshot
10.4.4. Operating business segments
10.4.5. Product portfolio
10.4.6. Business performance
10.5. Bradford White Corporation
10.5.1. Company overview
10.5.2. Key Executives
10.5.3. Company snapshot
10.5.4. Operating business segments
10.5.5. Product portfolio
10.6. Ecosmart Green Energy Products, Inc.
10.6.1. Company overview
10.6.2. Key Executives
10.6.3. Company snapshot
10.6.4. Operating business segments
10.6.5. Product portfolio
10.7. Haier Inc.
10.7.1. Company overview
10.7.2. Key Executives
10.7.3. Company snapshot
10.7.4. Operating business segments
10.7.5. Product portfolio
10.7.6. Business performance
10.8. HTP LLC
10.8.1. Company overview
10.8.2. Key Executives
10.8.3. Company snapshot
10.8.4. Operating business segments
10.8.5. Product portfolio
10.9. Lennox International Inc.
10.9.1. Company overview
10.9.2. Key Executives
10.9.3. Company snapshot
10.9.4. Operating business segments
10.9.5. Product portfolio
10.9.6. Business performance
10.10. NORITZ Corporation
10.10.1. Company overview
10.10.2. Key Executives
10.10.3. Company snapshot
10.10.4. Operating business segments
10.10.5. Product portfolio
10.10.6. Business performance
List of Tables
Table 01. Global Gas Water Heater Market, by Product Type, 2022-2032 ($Million)
Table 02. Global Gas Water Heater Market, by Product Type, 2022-2032 (000 Units)
Table 03. Gas Water Heater Market for Instant, by Region, 2022-2032 ($Million)
Table 04. Gas Water Heater Market for Instant, by Region, 2022-2032 (000 Units)
Table 05. Gas Water Heater Market for Storage, by Region, 2022-2032 ($Million)
Table 06. Gas Water Heater Market for Storage, by Region, 2022-2032 (000 Units)
Table 07. Global Gas Water Heater Market, by Installation Type, 2022-2032 ($Million)
Table 08. Global Gas Water Heater Market, by Installation Type, 2022-2032 (000 Units)
Table 09. Gas Water Heater Market for Outdoor, by Region, 2022-2032 ($Million)
Table 10. Gas Water Heater Market for Outdoor, by Region, 2022-2032 (000 Units)
Table 11. Gas Water Heater Market for Indoor, by Region, 2022-2032 ($Million)
Table 12. Gas Water Heater Market for Indoor, by Region, 2022-2032 (000 Units)
Table 13. Global Gas Water Heater Market, by Fuel Type, 2022-2032 ($Million)
Table 14. Global Gas Water Heater Market, by Fuel Type, 2022-2032 (000 Units)
Table 15. Gas Water Heater Market for Natural Gas, by Region, 2022-2032 ($Million)
Table 16. Gas Water Heater Market for Natural Gas, by Region, 2022-2032 (000 Units)
Table 17. Gas Water Heater Market for Lpg, by Region, 2022-2032 ($Million)
Table 18. Gas Water Heater Market for Lpg, by Region, 2022-2032 (000 Units)
Table 19. Global Gas Water Heater Market, by Application, 2022-2032 ($Million)
Table 20. Global Gas Water Heater Market, by Application, 2022-2032 (000 Units)
Table 21. Gas Water Heater Market for Residential, by Region, 2022-2032 ($Million)
Table 22. Gas Water Heater Market for Residential, by Region, 2022-2032 (000 Units)
Table 23. Gas Water Heater Market for Commercial, by Region, 2022-2032 ($Million)
Table 24. Gas Water Heater Market for Commercial, by Region, 2022-2032 (000 Units)
Table 25. Gas Water Heater Market for Industrial, by Region, 2022-2032 ($Million)
Table 26. Gas Water Heater Market for Industrial, by Region, 2022-2032 (000 Units)
Table 27. Gas Water Heater Market, by Region, 2022-2032 ($Million)
Table 28. Gas Water Heater Market, by Region, 2022-2032 (000 Units)
Table 29. North America Gas Water Heater Market, by Product Type, 2022-2032 ($Million)
Table 30. North America Gas Water Heater Market, by Product Type, 2022-2032 (000 Units)
Table 31. North America Gas Water Heater Market, by Installation Type, 2022-2032 ($Million)
Table 32. North America Gas Water Heater Market, by Installation Type, 2022-2032 (000 Units)
Table 33. North America Gas Water Heater Market, by Fuel Type, 2022-2032 ($Million)
Table 34. North America Gas Water Heater Market, by Fuel Type, 2022-2032 (000 Units)
Table 35. North America Gas Water Heater Market, by Application, 2022-2032 ($Million)
Table 36. North America Gas Water Heater Market, by Application, 2022-2032 (000 Units)
Table 37. North America Gas Water Heater Market, by Country, 2022-2032 ($Million)
Table 38. North America Gas Water Heater Market, by Country, 2022-2032 (000 Units)
Table 39. U.S. Gas Water Heater Market, by Product Type, 2022-2032 ($Million)
Table 40. U.S. Gas Water Heater Market, by Product Type, 2022-2032 (000 Units)
Table 41. U.S. Gas Water Heater Market, by Installation Type, 2022-2032 ($Million)
Table 42. U.S. Gas Water Heater Market, by Installation Type, 2022-2032 (000 Units)
Table 43. U.S. Gas Water Heater Market, by Fuel Type, 2022-2032 ($Million)
Table 44. U.S. Gas Water Heater Market, by Fuel Type, 2022-2032 (000 Units)
Table 45. U.S. Gas Water Heater Market, by Application, 2022-2032 ($Million)
Table 46. U.S. Gas Water Heater Market, by Application, 2022-2032 (000 Units)
Table 47. Canada Gas Water Heater Market, by Product Type, 2022-2032 ($Million)
Table 48. Canada Gas Water Heater Market, by Product Type, 2022-2032 (000 Units)
Table 49. Canada Gas Water Heater Market, by Installation Type, 2022-2032 ($Million)
Table 50. Canada Gas Water Heater Market, by Installation Type, 2022-2032 (000 Units)
Table 51. Canada Gas Water Heater Market, by Fuel Type, 2022-2032 ($Million)
Table 52. Canada Gas Water Heater Market, by Fuel Type, 2022-2032 (000 Units)
Table 53. Canada Gas Water Heater Market, by Application, 2022-2032 ($Million)
Table 54. Canada Gas Water Heater Market, by Application, 2022-2032 (000 Units)
Table 55. Mexico Gas Water Heater Market, by Product Type, 2022-2032 ($Million)
Table 56. Mexico Gas Water Heater Market, by Product Type, 2022-2032 (000 Units)
Table 57. Mexico Gas Water Heater Market, by Installation Type, 2022-2032 ($Million)
Table 58. Mexico Gas Water Heater Market, by Installation Type, 2022-2032 (000 Units)
Table 59. Mexico Gas Water Heater Market, by Fuel Type, 2022-2032 ($Million)
Table 60. Mexico Gas Water Heater Market, by Fuel Type, 2022-2032 (000 Units)
Table 61. Mexico Gas Water Heater Market, by Application, 2022-2032 ($Million)
Table 62. Mexico Gas Water Heater Market, by Application, 2022-2032 (000 Units)
Table 63. Europe Gas Water Heater Market, by Product Type, 2022-2032 ($Million)
Table 64. Europe Gas Water Heater Market, by Product Type, 2022-2032 (000 Units)
Table 65. Europe Gas Water Heater Market, by Installation Type, 2022-2032 ($Million)
Table 66. Europe Gas Water Heater Market, by Installation Type, 2022-2032 (000 Units)
Table 67. Europe Gas Water Heater Market, by Fuel Type, 2022-2032 ($Million)
Table 68. Europe Gas Water Heater Market, by Fuel Type, 2022-2032 (000 Units)
Table 69. Europe Gas Water Heater Market, by Application, 2022-2032 ($Million)
Table 70. Europe Gas Water Heater Market, by Application, 2022-2032 (000 Units)
Table 71. Europe Gas Water Heater Market, by Country, 2022-2032 ($Million)
Table 72. Europe Gas Water Heater Market, by Country, 2022-2032 (000 Units)
Table 73. Germany Gas Water Heater Market, by Product Type, 2022-2032 ($Million)
Table 74. Germany Gas Water Heater Market, by Product Type, 2022-2032 (000 Units)
Table 75. Germany Gas Water Heater Market, by Installation Type, 2022-2032 ($Million)
Table 76. Germany Gas Water Heater Market, by Installation Type, 2022-2032 (000 Units)
Table 77. Germany Gas Water Heater Market, by Fuel Type, 2022-2032 ($Million)
Table 78. Germany Gas Water Heater Market, by Fuel Type, 2022-2032 (000 Units)
Table 79. Germany Gas Water Heater Market, by Application, 2022-2032 ($Million)
Table 80. Germany Gas Water Heater Market, by Application, 2022-2032 (000 Units)
Table 81. UK Gas Water Heater Market, by Product Type, 2022-2032 ($Million)
Table 82. UK Gas Water Heater Market, by Product Type, 2022-2032 (000 Units)
Table 83. UK Gas Water Heater Market, by Installation Type, 2022-2032 ($Million)
Table 84. UK Gas Water Heater Market, by Installation Type, 2022-2032 (000 Units)
Table 85. UK Gas Water Heater Market, by Fuel Type, 2022-2032 ($Million)
Table 86. UK Gas Water Heater Market, by Fuel Type, 2022-2032 (000 Units)
Table 87. UK Gas Water Heater Market, by Application, 2022-2032 ($Million)
Table 88. UK Gas Water Heater Market, by Application, 2022-2032 (000 Units)
Table 89. France Gas Water Heater Market, by Product Type, 2022-2032 ($Million)
Table 90. France Gas Water Heater Market, by Product Type, 2022-2032 (000 Units)
Table 91. France Gas Water Heater Market, by Installation Type, 2022-2032 ($Million)
Table 92. France Gas Water Heater Market, by Installation Type, 2022-2032 (000 Units)
Table 93. France Gas Water Heater Market, by Fuel Type, 2022-2032 ($Million)
Table 94. France Gas Water Heater Market, by Fuel Type, 2022-2032 (000 Units)
Table 95. France Gas Water Heater Market, by Application, 2022-2032 ($Million)
Table 96. France Gas Water Heater Market, by Application, 2022-2032 (000 Units)
Table 97. Spain Gas Water Heater Market, by Product Type, 2022-2032 ($Million)
Table 98. Spain Gas Water Heater Market, by Product Type, 2022-2032 (000 Units)
Table 99. Spain Gas Water Heater Market, by Installation Type, 2022-2032 ($Million)
Table 100. Spain Gas Water Heater Market, by Installation Type, 2022-2032 (000 Units)
Table 101. Spain Gas Water Heater Market, by Fuel Type, 2022-2032 ($Million)
Table 102. Spain Gas Water Heater Market, by Fuel Type, 2022-2032 (000 Units)
Table 103. Spain Gas Water Heater Market, by Application, 2022-2032 ($Million)
Table 104. Spain Gas Water Heater Market, by Application, 2022-2032 (000 Units)
Table 105. Italy Gas Water Heater Market, by Product Type, 2022-2032 ($Million)
Table 106. Italy Gas Water Heater Market, by Product Type, 2022-2032 (000 Units)
Table 107. Italy Gas Water Heater Market, by Installation Type, 2022-2032 ($Million)
Table 108. Italy Gas Water Heater Market, by Installation Type, 2022-2032 (000 Units)
Table 109. Italy Gas Water Heater Market, by Fuel Type, 2022-2032 ($Million)
Table 110. Italy Gas Water Heater Market, by Fuel Type, 2022-2032 (000 Units)
Table 111. Italy Gas Water Heater Market, by Application, 2022-2032 ($Million)
Table 112. Italy Gas Water Heater Market, by Application, 2022-2032 (000 Units)
Table 113. Rest of Europe Gas Water Heater Market, by Product Type, 2022-2032 ($Million)
Table 114. Rest of Europe Gas Water Heater Market, by Product Type, 2022-2032 (000 Units)
Table 115. Rest of Europe Gas Water Heater Market, by Installation Type, 2022-2032 ($Million)
Table 116. Rest of Europe Gas Water Heater Market, by Installation Type, 2022-2032 (000 Units)
Table 117. Rest of Europe Gas Water Heater Market, by Fuel Type, 2022-2032 ($Million)
Table 118. Rest of Europe Gas Water Heater Market, by Fuel Type, 2022-2032 (000 Units)
Table 119. Rest of Europe Gas Water Heater Market, by Application, 2022-2032 ($Million)
Table 120. Rest of Europe Gas Water Heater Market, by Application, 2022-2032 (000 Units)
Table 121. Asia-Pacific Gas Water Heater Market, by Product Type, 2022-2032 ($Million)
Table 122. Asia-Pacific Gas Water Heater Market, by Product Type, 2022-2032 (000 Units)
Table 123. Asia-Pacific Gas Water Heater Market, by Installation Type, 2022-2032 ($Million)
Table 124. Asia-Pacific Gas Water Heater Market, by Installation Type, 2022-2032 (000 Units)
Table 125. Asia-Pacific Gas Water Heater Market, by Fuel Type, 2022-2032 ($Million)
Table 126. Asia-Pacific Gas Water Heater Market, by Fuel Type, 2022-2032 (000 Units)
Table 127. Asia-Pacific Gas Water Heater Market, by Application, 2022-2032 ($Million)
Table 128. Asia-Pacific Gas Water Heater Market, by Application, 2022-2032 (000 Units)
Table 129. Asia-Pacific Gas Water Heater Market, by Country, 2022-2032 ($Million)
Table 130. Asia-Pacific Gas Water Heater Market, by Country, 2022-2032 (000 Units)
Table 131. China Gas Water Heater Market, by Product Type, 2022-2032 ($Million)
Table 132. China Gas Water Heater Market, by Product Type, 2022-2032 (000 Units)
Table 133. China Gas Water Heater Market, by Installation Type, 2022-2032 ($Million)
Table 134. China Gas Water Heater Market, by Installation Type, 2022-2032 (000 Units)
Table 135. China Gas Water Heater Market, by Fuel Type, 2022-2032 ($Million)
Table 136. China Gas Water Heater Market, by Fuel Type, 2022-2032 (000 Units)
Table 137. China Gas Water Heater Market, by Application, 2022-2032 ($Million)
Table 138. China Gas Water Heater Market, by Application, 2022-2032 (000 Units)
Table 139. Japan Gas Water Heater Market, by Product Type, 2022-2032 ($Million)
Table 140. Japan Gas Water Heater Market, by Product Type, 2022-2032 (000 Units)
Table 141. Japan Gas Water Heater Market, by Installation Type, 2022-2032 ($Million)
Table 142. Japan Gas Water Heater Market, by Installation Type, 2022-2032 (000 Units)
Table 143. Japan Gas Water Heater Market, by Fuel Type, 2022-2032 ($Million)
Table 144. Japan Gas Water Heater Market, by Fuel Type, 2022-2032 (000 Units)
Table 145. Japan Gas Water Heater Market, by Application, 2022-2032 ($Million)
Table 146. Japan Gas Water Heater Market, by Application, 2022-2032 (000 Units)
Table 147. India Gas Water Heater Market, by Product Type, 2022-2032 ($Million)
Table 148. India Gas Water Heater Market, by Product Type, 2022-2032 (000 Units)
Table 149. India Gas Water Heater Market, by Installation Type, 2022-2032 ($Million)
Table 150. India Gas Water Heater Market, by Installation Type, 2022-2032 (000 Units)
Table 151. India Gas Water Heater Market, by Fuel Type, 2022-2032 ($Million)
Table 152. India Gas Water Heater Market, by Fuel Type, 2022-2032 (000 Units)
Table 153. India Gas Water Heater Market, by Application, 2022-2032 ($Million)
Table 154. India Gas Water Heater Market, by Application, 2022-2032 (000 Units)
Table 155. South Korea Gas Water Heater Market, by Product Type, 2022-2032 ($Million)
Table 156. South Korea Gas Water Heater Market, by Product Type, 2022-2032 (000 Units)
Table 157. South Korea Gas Water Heater Market, by Installation Type, 2022-2032 ($Million)
Table 158. South Korea Gas Water Heater Market, by Installation Type, 2022-2032 (000 Units)
Table 159. South Korea Gas Water Heater Market, by Fuel Type, 2022-2032 ($Million)
Table 160. South Korea Gas Water Heater Market, by Fuel Type, 2022-2032 (000 Units)
Table 161. South Korea Gas Water Heater Market, by Application, 2022-2032 ($Million)
Table 162. South Korea Gas Water Heater Market, by Application, 2022-2032 (000 Units)
Table 163. Rest of Asia-Pacific Gas Water Heater Market, by Product Type, 2022-2032 ($Million)
Table 164. Rest of Asia-Pacific Gas Water Heater Market, by Product Type, 2022-2032 (000 Units)
Table 165. Rest of Asia-Pacific Gas Water Heater Market, by Installation Type, 2022-2032 ($Million)
Table 166. Rest of Asia-Pacific Gas Water Heater Market, by Installation Type, 2022-2032 (000 Units)
Table 167. Rest of Asia-Pacific Gas Water Heater Market, by Fuel Type, 2022-2032 ($Million)
Table 168. Rest of Asia-Pacific Gas Water Heater Market, by Fuel Type, 2022-2032 (000 Units)
Table 169. Rest of Asia-Pacific Gas Water Heater Market, by Application, 2022-2032 ($Million)
Table 170. Rest of Asia-Pacific Gas Water Heater Market, by Application, 2022-2032 (000 Units)
Table 171. LAMEA Gas Water Heater Market, by Product Type, 2022-2032 ($Million)
Table 172. LAMEA Gas Water Heater Market, by Product Type, 2022-2032 (000 Units)
Table 173. LAMEA Gas Water Heater Market, by Installation Type, 2022-2032 ($Million)
Table 174. LAMEA Gas Water Heater Market, by Installation Type, 2022-2032 (000 Units)
Table 175. LAMEA Gas Water Heater Market, by Fuel Type, 2022-2032 ($Million)
Table 176. LAMEA Gas Water Heater Market, by Fuel Type, 2022-2032 (000 Units)
Table 177. LAMEA Gas Water Heater Market, by Application, 2022-2032 ($Million)
Table 178. LAMEA Gas Water Heater Market, by Application, 2022-2032 (000 Units)
Table 179. LAMEA Gas Water Heater Market, by Country, 2022-2032 ($Million)
Table 180. LAMEA Gas Water Heater Market, by Country, 2022-2032 (000 Units)
Table 181. Brazil Gas Water Heater Market, by Product Type, 2022-2032 ($Million)
Table 182. Brazil Gas Water Heater Market, by Product Type, 2022-2032 (000 Units)
Table 183. Brazil Gas Water Heater Market, by Installation Type, 2022-2032 ($Million)
Table 184. Brazil Gas Water Heater Market, by Installation Type, 2022-2032 (000 Units)
Table 185. Brazil Gas Water Heater Market, by Fuel Type, 2022-2032 ($Million)
Table 186. Brazil Gas Water Heater Market, by Fuel Type, 2022-2032 (000 Units)
Table 187. Brazil Gas Water Heater Market, by Application, 2022-2032 ($Million)
Table 188. Brazil Gas Water Heater Market, by Application, 2022-2032 (000 Units)
Table 189. Saudi Arabia Gas Water Heater Market, by Product Type, 2022-2032 ($Million)
Table 190. Saudi Arabia Gas Water Heater Market, by Product Type, 2022-2032 (000 Units)
Table 191. Saudi Arabia Gas Water Heater Market, by Installation Type, 2022-2032 ($Million)
Table 192. Saudi Arabia Gas Water Heater Market, by Installation Type, 2022-2032 (000 Units)
Table 193. Saudi Arabia Gas Water Heater Market, by Fuel Type, 2022-2032 ($Million)
Table 194. Saudi Arabia Gas Water Heater Market, by Fuel Type, 2022-2032 (000 Units)
Table 195. Saudi Arabia Gas Water Heater Market, by Application, 2022-2032 ($Million)
Table 196. Saudi Arabia Gas Water Heater Market, by Application, 2022-2032 (000 Units)
Table 197. South Africa Gas Water Heater Market, by Product Type, 2022-2032 ($Million)
Table 198. South Africa Gas Water Heater Market, by Product Type, 2022-2032 (000 Units)
Table 199. South Africa Gas Water Heater Market, by Installation Type, 2022-2032 ($Million)
Table 200. South Africa Gas Water Heater Market, by Installation Type, 2022-2032 (000 Units)
Table 201. South Africa Gas Water Heater Market, by Fuel Type, 2022-2032 ($Million)
Table 202. South Africa Gas Water Heater Market, by Fuel Type, 2022-2032 (000 Units)
Table 203. South Africa Gas Water Heater Market, by Application, 2022-2032 ($Million)
Table 204. South Africa Gas Water Heater Market, by Application, 2022-2032 (000 Units)
Table 205. Rest of LAMEA Gas Water Heater Market, by Product Type, 2022-2032 ($Million)
Table 206. Rest of LAMEA Gas Water Heater Market, by Product Type, 2022-2032 (000 Units)
Table 207. Rest of LAMEA Gas Water Heater Market, by Installation Type, 2022-2032 ($Million)
Table 208. Rest of LAMEA Gas Water Heater Market, by Installation Type, 2022-2032 (000 Units)
Table 209. Rest of LAMEA Gas Water Heater Market, by Fuel Type, 2022-2032 ($Million)
Table 210. Rest of LAMEA Gas Water Heater Market, by Fuel Type, 2022-2032 (000 Units)
Table 211. Rest of LAMEA Gas Water Heater Market, by Application, 2022-2032 ($Million)
Table 212. Rest of LAMEA Gas Water Heater Market, by Application, 2022-2032 (000 Units)
Table 213. A.O. Smith Corporation: Key Executives
Table 214. A.O. Smith Corporation: Company Snapshot
Table 215. A.O. Smith Corporation: Product Segments
Table 216. A.O. Smith Corporation: Product Portfolio
Table 217. A.O. Smith Corporation: Key Stratergies
Table 218. Ariston Group: Key Executives
Table 219. Ariston Group: Company Snapshot
Table 220. Ariston Group: Product Segments
Table 221. Ariston Group: Product Portfolio
Table 222. Bdr Thermea Group: Key Executives
Table 223. Bdr Thermea Group: Company Snapshot
Table 224. Bdr Thermea Group: Product Segments
Table 225. Bdr Thermea Group: Product Portfolio
Table 226. Bdr Thermea Group: Key Stratergies
Table 227. Bosch Thermotechnik GmbH: Key Executives
Table 228. Bosch Thermotechnik GmbH: Company Snapshot
Table 229. Bosch Thermotechnik GmbH: Product Segments
Table 230. Bosch Thermotechnik GmbH: Product Portfolio
Table 231. Bradford White Corporation: Key Executives
Table 232. Bradford White Corporation: Company Snapshot
Table 233. Bradford White Corporation: Product Segments
Table 234. Bradford White Corporation: Product Portfolio
Table 235. Ecosmart Green Energy Products, Inc.: Key Executives
Table 236. Ecosmart Green Energy Products, Inc.: Company Snapshot
Table 237. Ecosmart Green Energy Products, Inc.: Product Segments
Table 238. Ecosmart Green Energy Products, Inc.: Product Portfolio
Table 239. Haier Inc.: Key Executives
Table 240. Haier Inc.: Company Snapshot
Table 241. Haier Inc.: Product Segments
Table 242. Haier Inc.: Service Segments
Table 243. Haier Inc.: Product Portfolio
Table 244. Htp LLC: Key Executives
Table 245. Htp LLC: Company Snapshot
Table 246. Htp LLC: Product Segments
Table 247. Htp LLC: Product Portfolio
Table 248. Lennox International Inc.: Key Executives
Table 249. Lennox International Inc.: Company Snapshot
Table 250. Lennox International Inc.: Product Segments
Table 251. Lennox International Inc.: Product Portfolio
Table 252. Noritz Corporation: Key Executives
Table 253. Noritz Corporation: Company Snapshot
Table 254. Noritz Corporation: Product Segments
Table 255. Noritz Corporation: Product Portfolio
List of Figures
Figure 01. Gas Water Heater Market, 2022-2032
Figure 02. Segmentation of Gas Water Heater Market, 2022-2032
Figure 03. Top Investment Pockets in Gas Water Heater Market (2023-2032)
Figure 04. Low Bargaining Power of Suppliers
Figure 05. Low Threat of New Entrants
Figure 06. Low Threat of Substitutes
Figure 07. Low Intensity of Rivalry
Figure 08. Low Bargaining Power of Buyers
Figure 09. Global Gas Water Heater Market:Drivers, Restraints and Opportunities
Figure 10. Impact of Key Regulation: Gas Water Heater Market
Figure 11. Pricing Analysis: Gas Water Heater Market 2022 and 2032
Figure 12. Patent Analysis by Company
Figure 13. Patent Analysis by Country
Figure 14. Gas Water Heater Market, by Product Type, 2022 and 2032 (%)
Figure 15. Comparative Share Analysis of Gas Water Heater Market for Instant, by Country 2022 and 2032 (%)
Figure 16. Comparative Share Analysis of Gas Water Heater Market for Storage, by Country 2022 and 2032 (%)
Figure 17. Gas Water Heater Market, by Installation Type, 2022 and 2032 (%)
Figure 18. Comparative Share Analysis of Gas Water Heater Market for Outdoor, by Country 2022 and 2032 (%)
Figure 19. Comparative Share Analysis of Gas Water Heater Market for Indoor, by Country 2022 and 2032 (%)
Figure 20. Gas Water Heater Market, by Fuel Type, 2022 and 2032 (%)
Figure 21. Comparative Share Analysis of Gas Water Heater Market for Natural Gas, by Country 2022 and 2032 (%)
Figure 22. Comparative Share Analysis of Gas Water Heater Market for Lpg, by Country 2022 and 2032 (%)
Figure 23. Gas Water Heater Market, by Application, 2022 and 2032 (%)
Figure 24. Comparative Share Analysis of Gas Water Heater Market for Residential, by Country 2022 and 2032 (%)
Figure 25. Comparative Share Analysis of Gas Water Heater Market for Commercial, by Country 2022 and 2032 (%)
Figure 26. Comparative Share Analysis of Gas Water Heater Market for Industrial, by Country 2022 and 2032 (%)
Figure 27. Gas Water Heater Market by Region, 2022 and 2032 (%)
Figure 28. U.S. Gas Water Heater Market, 2022-2032 ($Million)
Figure 29. Canada Gas Water Heater Market, 2022-2032 ($Million)
Figure 30. Mexico Gas Water Heater Market, 2022-2032 ($Million)
Figure 31. Germany Gas Water Heater Market, 2022-2032 ($Million)
Figure 32. UK Gas Water Heater Market, 2022-2032 ($Million)
Figure 33. France Gas Water Heater Market, 2022-2032 ($Million)
Figure 34. Spain Gas Water Heater Market, 2022-2032 ($Million)
Figure 35. Italy Gas Water Heater Market, 2022-2032 ($Million)
Figure 36. Rest of Europe Gas Water Heater Market, 2022-2032 ($Million)
Figure 37. China Gas Water Heater Market, 2022-2032 ($Million)
Figure 38. Japan Gas Water Heater Market, 2022-2032 ($Million)
Figure 39. India Gas Water Heater Market, 2022-2032 ($Million)
Figure 40. South Korea Gas Water Heater Market, 2022-2032 ($Million)
Figure 41. Rest of Asia-Pacific Gas Water Heater Market, 2022-2032 ($Million)
Figure 42. Brazil Gas Water Heater Market, 2022-2032 ($Million)
Figure 43. Saudi Arabia Gas Water Heater Market, 2022-2032 ($Million)
Figure 44. South Africa Gas Water Heater Market, 2022-2032 ($Million)
Figure 45. Rest of LAMEA Gas Water Heater Market, 2022-2032 ($Million)
Figure 46. Top Winning Strategies, by Year (2021-2023)
Figure 47. Top Winning Strategies, by Development (2021-2023)
Figure 48. Top Winning Strategies, by Company (2021-2023)
Figure 49. Product Mapping of Top 10 Players
Figure 50. Competitive Dashboard
Figure 51. Competitive Heatmap: Gas Water Heater Market
Figure 52. Top Player Positioning, 2022
Figure 53. A.O. Smith Corporation: Net Sales, 2020-2022 ($Million)
Figure 54. A.O. Smith Corporation: Research & Development Expenditure, 2020-2022 ($Million)
Figure 55. A.O. Smith Corporation: Revenue Share by Segment, 2021 (%)
Figure 56. A.O. Smith Corporation: Revenue Share by Region, 2022 (%)
Figure 57. Ariston Group: Net Revenue, 2020-2022 ($Million)
Figure 58. Ariston Group: Revenue Share by Segment, 2022 (%)
Figure 59. Ariston Group: Revenue Share by Region, 2022 (%)
Figure 60. Bosch Thermotechnik GmbH: Net Revenue, 2020-2022 ($Million)
Figure 61. Bosch Thermotechnik GmbH: Research & Development Expenditure, 2020-2022 ($Million)
Figure 62. Bosch Thermotechnik GmbH: Revenue Share by Segment, 2022 (%)
Figure 63. Bosch Thermotechnik GmbH: Revenue Share by Region, 2022 (%)
Figure 64. Haier Inc.: Net Revenue, 2020-2022 ($Million)
Figure 65. Haier Inc.: Research & Development Expenditure, 2020-2022 ($Million)
Figure 66. Haier Inc.: Revenue Share by Region, 2022 (%)
Figure 67. Haier Inc.: Revenue Share by Segment, 2022 (%)
Figure 68. Lennox International Inc.: Net Revenue, 2020-2022 ($Million)
Figure 69. Lennox International Inc.: Revenue Share by Segment, 2022 (%)
Figure 70. Noritz Corporation: Net Revenue, 2020-2022 ($Million)

Executive Summary

According to this report, the gas water heater market was valued at $7.8 billion in 2022, and is estimated to reach $12.8 billion by 2032, growing at a CAGR of 5.1% from 2023 to 2032.

A gas water heater, also known as heat exchanger, is a heating device that uses energy from various external sources and transfers it to heat the water. Water heater comes in various types such as instant gas water heaters and storage gas water heaters. The selection of a proper gas water heater depends upon several important factors such as the type of building that it is to be installed into, requirements of the householder, availability of fuel types, fuel cost and efficiency of the system, storage and distribution temperature, installation and maintenance cost, and safety of the user.

The growth of the global gas water heater market is driven by factors such as inclination of consumer toward the adoption of energy efficient systems, favorable government subsidies that encourage the use of gas water heaters, surge in number of hospitals and hotels, and increase in population and improved infrastructure in rural areas. In addition, rise in disposable income of the consumers coupled with improved lifestyle is significantly boosting the market. Furthermore, growth in concern among consumers regarding natural resources and energy is encouraging the consumers to shift toward energy-efficient water heating systems. Although the buying and installation cost is high, its operating cost is quite low. The rise in electricity prices, high operating costs, and technical issues associated with electric water heaters are expected to drive the growth of the global gas water heater industry. In addition, rapid urbanization and development of global regions in context with construction of new residential and commercial buildings and infrastructure are anticipated to fuel the gas water heater market globally.

The global gas water heater market is segmented on the basis of by product type, by installation type, by fuel type, by application type and region.

On the basis of product type, the market is segmented into instant and storage. On the basis of installation type, it is bifurcated into indoor, and outdoor. Furthermore, on the basis of fuel type, it is segment into natural gas and LPG. In addition, on the basis of application type, the global gas water heater market is segmented into residential, commercial and industrial. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-pacific accounts for the largest share of the market, followed by North America and Europe.

The major companies profiled in this report include A. O. Smith, Ariston Thermo S. p.A, BDR Thermea Group, Bosch Thermotechnology, Bradford White Corporation, Haier Electronics, HTP Comfort Solutions LLC, Lennox, Racold, and Rheem Manufacturing Company. Due to rapidly development of industrialisation, modernization and spread of information through internet led to the development of tourism industry has created great demand for hot water in cold regions, which in-turn has fuelled the demand for gas water heater. Additional growth strategies such as expansion of production capacities, acquisition, partnership and research & innovation in the water heater application which led to attain key developments in the global gas water heater market trends.

Impact Analysis:

The bankruptcy of U. S. banks reverberates across the gas water heater market, directly and indirectly. Reduced credit availability challenges manufacturers' expansion plans and R&D funding. Consumers face obstacles in securing loans for gas water heaters, denting market demand. Economic uncertainty curbs spending and investment, affecting consumer confidence. Global financial system disruptions impact raw material sourcing. Weaker players face acquisition, reshaping market dynamics. Interest rate and inflation changes prompt government interventions, affecting costs and pricing. The interconnectedness of finance and industry underscores the market's vulnerability to banking fluctuations.

Key Findings of the Study

:On the basis of fuel type, the LPG segment emerged as the global leader by acquiring more than two-thirds the gas water heater market share in 2022 and is anticipated to continue this trend during the forecast period.

On the basis of application, the commercial segment emerged as the largest market share in 2022, which accounts for more than two-fifths of the gas water heater market share.

On the basis of product type, the instant segment emerged as the largest market share in 2022, which accounts for more than three-fifths of the carbon gas water heater market share.

On the basis of the installation type, the indoor segment emerged as the largest market share in 2022 which accounts for more than two-thirds of the gas water heater market share and is anticipated to continue this trend during the forecast period.

On the basis of region, Asia-Pacific is the major consumer of gas water heaters among other regions. It accounted for nearly two-fifths of the global market share in 2022.

Companies Mentioned

  • Bradford White Corporation
  • NORITZ Corporation
  • A.O. Smith Corporation
  • Bosch Thermotechnik GmbH
  • HTP LLC
  • Haier Inc.
  • Lennox International Inc.
  • BDR Thermea Group
  • Ariston Group
  • Ecosmart Green Energy Products, Inc.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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About the Market

The Gas Water Heater market is a subset of the HVAC (Heating, Ventilation, and Air Conditioning) industry. Gas water heaters are powered by natural gas or propane and are used to heat water for residential and commercial applications. They are typically more energy efficient than electric water heaters, and can provide a more consistent supply of hot water. Gas water heaters are available in a variety of sizes and styles, including tankless, point-of-use, and storage tank models. Gas water heaters are typically installed by HVAC professionals, who are responsible for ensuring that the unit is properly sized and installed to meet the needs of the customer. In addition, HVAC professionals are responsible for providing maintenance and repair services for gas water heaters. Some of the leading companies in the Gas Water Heater market include A.O. Smith, Rheem, Bradford White, Bosch, and State Water Heaters. These companies offer a wide range of gas water heaters, including tankless, point-of-use, and storage tank models. Show Less Read more

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