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Last Updated: Apr 25, 2025 | Study Period: 2022-2027
Hot water heaters are devices that heat water and maintain it at a relatively consistent temperature. They are also utilized to ensure that there is a constant and reliable supply of water.
A water heater is a device that delivers a constant supply of hot water for use in cooking, cleaning, and bathing. Both the commercial and industrial sectors are expected to see an increase in demand for a variety of water heater storage tanks. Increased demand for hot water, mostly from hospitals and hotels, is expected to drive growth in the market.
There is also a misunderstanding of the benefits of a water heater storage tank in terms of energy savings and CO2 emissions.
Electric water heaters are electrically driven devices that heat water using electrical heating equipment that is built into them.
The hot water rises in the tank and is pumped out through heat out pipes for use. Due to consumer demand for energy efficiency, cost savings, automatic controls, safety, and environmentally friendly heating systems, this type of water heater is gaining popularity.
This is a significant distinction between hot water heaters and traditional heating vessels such as kettles, cauldrons, pots, and coppers, which are unable to supply continual water supplies.
Domestic Hot Water Heaters are hot water heaters that are used in the home and heat potable water for purposes other than space heating.
The Global Water Heater Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2027, registering a CAGR of XX% from 2022 to 2027.
This week at the International Builders' Show, Rinnai America Corp., a North American maker of tankless gas water heaters, is introducing a new product and demonstrating a home automation center.
The A.O.Smith Zip Digital Tankless Water Heater is now available. With heating chamber, the device is aimed to reinvent the bathing experience by offering continuous, immediate hot water. The Zip water heater has a sleek design and is small enough to fit into a homeowner's existing space.
The Essency EXR is the first on-demand domestic tank water heater in the world, ushering in a new era of home hot water solutions.
With a new water heater, A. O. Smith Cyclone® Mxi elevates product innovation. The Cyclone® Mxi is A. O. Smith's first modulating, high-efficiency commercial gas water heater.
For large-volume commercial applications, A. O. Smith has introduced the XP Boilers and XP Automatic Circulating Water Heaters. These devices combine touchscreen simplicity and high-efficiency operation, as well as A. O. Smith's reputation for reliability, in order to provide adaptability and energy savings.
LeEco, a leading Chinese company, has launched its fastest thermal electric water heater, the Electric Water Heater S01, which features an LED display and an antibacterial mode. It has a large LED display. It is an electric water heater that has a thickness of 290 mm and has a compact design and form factor. These are so compatible that they can be washed. It supplies water on a continuous basis with the help of double-layered heating pipes. It is characterized by warm, summer, and winter water modes. It is safer to use due to the availability of antibacterial mode produced by the product.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2022-2027 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2022-2027 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2022-2027 |
| 21 | Product installation rate by OEM, 2022 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2022 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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