At 6% CAGR, U.S. Commercial Water Heater Market to reach $750 Mn by 2025
Jul 8, 2019
U.S. commercial water heater market will see noticeable growth up to 2025 driven by rapid development of high-rise buildings fueled by foreign and local investment.
Selbyville, United States - July 8, 2019 /MarketersMedia/ —
North East commercial water heater market will grow owing to robust development across the healthcare and hospitality sector. New York, Pennsylvania and New Jersey are amongst the largest commercial hubs across the region. Extensive building infrastructure with increasing spending toward construction have put thrust to the product demand. In addition, extreme temperatures during the winters have brought substantial demand for hot water with installation of large number of units.
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U.S. Commercial Water Heater Market size will surpass USD 750 Million by 2025, as reported in the latest study by Global Market Insights, Inc.
Extreme weather conditions across the cities ravaged with snow along with rapid development of high-rise buildings will boost the demand across U.S. commercial water heater market. Robust development across the service sector along with expansion of existing manufacturing facilities will augment the industry landscape. In addition, technological advancement with introduction of advance communication features, Wi-Fi integration, remote control and management will encourage the product penetration.
Expansion of current businesses along with government measures to upscale the business across the state of Michigan and others will drive the East North Central commercial water heater market. As per the ENERGY STAR summary of water heater programs, 2018, Illinois recorded the highest budgets for water heater program across the region estimating over USD 10-25 million. In addition, ongoing measures to upscale the business across the state of Michigan along with support from municipal utilities and small cooperatives will enhance the industry outlook.
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Ongoing promotional activities in order to enhance the adoption of energy efficient heating systems along with rebates and incentives by respective state governments will foster the U.S. commercial water heater market. Increasing concerns toward carbon emissions with rapid adoption of clean energy technologies will positively enhance the industry landscape. Robust deployment of gas tankless and gas storage systems along with replacement of conventional heaters in order to comply with ongoing industry norms will accelerate the product penetration.
Rapid expansion across tourism industry coupled with continuous hot water demand from hospitals and hotels will stimulate the instant commercial water heater market. Growing deployment across offices owing to on demand heating and substantial power optimization will accelerate the product adoption. Furthermore, installation across hotels and extensive skyscraper buildings owing to high energy factor and performance than its counterparts will boost the product penetration.
Increasing investment for construction of colleges and universities will foster the U.S. commercial water heater market. Requirement of mass flow units along with significant water loss will favor the adoption of gas tankless units. In addition, prevailing government mandates for installation of high efficiency systems across government facilities including educational institutes and hospitals will accelerate the industry growth.
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Key participants operational across the U.S. commercial water heater industry include A.O Smith, Bosch Thermotechnology, Bradford White, Rheem Manufacturing, General Electric Appliances, Haier Electronics, Whirlpool Corporation, Hubbell, Viessmann Group, State Industries, Rinnai Corporation, Ariston Thermo and Havells India Limited.
Partial Table of Contents (ToC) of the report:
Chapter 6 U.S. Commercial Water Heater Market, By Energy Source
6.1 U.S. commercial water heater market share by energy source, 2018 & 2025
6.2 Electric
6.2.1 U.S. market from electric, 2013 - 2024
6.2.2 U.S. market from electric, by region, 2014 – 2025
6.3 Gas
6.3.1 U.S. market from gas, 2013 - 2024
6.3.2 U.S. market from gas, by region, 2014 – 2025
6.3.3 Natural gas
6.3.3.1 U.S. market from natural gas, 2013 - 2024
6.3.3.2 U.S. market from natural gas, by region, 2014 – 2025
6.3.4 LPG
6.3.4.1 U.S. market from LPG, 2013 - 2024
6.3.4.2 U.S. market from LPG, by region, 2014 – 2025
Chapter 7 U.S. Commercial Water Heater Market, By Application
7.1 U.S. commercial water heater market share by application, 2018 & 2025
7.2 College/university
7.2.1 U.S. market from college/university, 2013 - 2024
7.2.2 U.S. market from college/university, by region, 2014 – 2025
7.3 Offices
7.3.1 U.S. market from offices, 2013 - 2024
7.3.2 U.S. market from offices, by region, 2014 – 2025
7.4 Government/Military
7.4.1 U.S. market from government/military, 2013 - 2024
7.4.2 U.S. market from government/military, by region, 2014 – 2025
7.5 Others
7.5.1 U.S. market from others, 2013 - 2024
7.5.2 U.S. market from others, by region, 2014 – 2025
Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/us-commercial-water-heater-market
Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/pressrelease/us-commercial-water-heater-market
Source URL: https://marketersmedia.com/at-6-cagr-us-commercial-water-heater-market-to-reach-750-mn-by-2025/88893669
Source: MarketersMedia
Release ID: 88893669
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