The commercial water heater market is estimated to be valued at US$ 8.2 billion in 2024. The commercial water heater is predicted to rise at a CAGR of 6.9% from 2024 to 2034. The global commercial water heater market is anticipated to reach US$ 16 billion by 2034.
One of the defining trends in the commercial water heater market is a growing emphasis on energy efficiency and environmental sustainability. Manufacturers are developing high-efficiency water heaters to meet increasingly stringent energy regulations and to address the demand for eco-friendly solutions. Governments and organizations may offer incentives to encourage the adoption of energy-efficient technologies, further influencing market dynamics.
Technological advancements play a significant role in shaping the market, with the integration of smart features into commercial water heaters. Remote monitoring, control capabilities, and digital controls contribute to operational efficiency and convenience for businesses.
The market also reflects trends in space optimization, with a demand for more compact and space-saving water heater solutions in commercial settings. Additionally, hybrid water heaters, combining features of different types such as tank and tankless systems, have gained traction, offering flexibility and improved efficiency.
| Attributes | Key Insights |
|---|---|
| Estimated Market Size in 2024 | US$ 8.2 billion |
| Projected Market Value in 2034 | US$ 16 billion |
| Value-based CAGR from 2024 to 2034 | 6.9% |
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From 2019 to 2023, the commercial water heater industry experienced a CAGR of 8.6% in market value. Commercial water heaters find applications across various industries, including hospitality, healthcare, manufacturing, and education. The growth of these industries, along with infrastructure development and urbanization, influences the demand for commercial water heaters on a global scale.
Businesses are increasingly prioritizing sustainability, leading to a demand for water heaters with lower environmental impact. This includes the use of renewable energy sources, heat pump technology, and overall eco-friendly designs. Projections indicate that the global commercial water heater market is expected to experience a CAGR of 6.9% from 2024 to 2034.
| Historical CAGR from 2019 to 2023 | 8.6% |
|---|---|
| Forecast CAGR from 2024 to 2034 | 6.9% |
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Future Market Insights has compared three markets, namely the industrial solar water heaters market and the electric water heater market are below.
Industrial solar water heaters are gaining traction in diverse commercial applications, serving critical needs in hospitals, laundries, schools, and breweries, and providing process heat across a spectrum of industries including automotive, petrochemicals, and construction. Ongoing innovations in product offerings drive the growth in the electric heater market.
Commercial Water Heater Market:
| Attributes | Commercial Water Heater Market |
|---|---|
| CAGR from 2024 to 2034 | 6.9% |
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Industrial Solar Water Heaters Market:
| Attributes | Industrial Solar Water Heaters Market |
|---|---|
| CAGR from 2022 to 2032 | 3.7% |
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Electric Water Heater Market:
| Attributes | Electric Water Heater Market |
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| CAGR from 2022 to 2032 | 5.2% |
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The following table shows the top five countries by revenue, led by Japan and South Korea. The demand for commercial water heaters in Japan is influenced by the needs of sectors such as hospitality, healthcare, manufacturing, and more. The growth of commercial buildings, hotels, and industrial facilities contributes to a sustained demand for commercial water heating solutions in South Korea.
| Countries | The Forecast CAGRs from 2024 to 2034 |
|---|---|
| United States | 7.2% |
| United Kingdom | 8.1% |
| China | 7.7% |
| Japan | 8.0% |
| South Korea | 9.0% |
The commercial water heater market in the United States is expected to grow with a CAGR of 7.2% from 2024 to 2034. The growth of the market is attributed to the growth in commercial construction and infrastructure projects, there is an increased need for reliable and energy-efficient water heating solutions.
The United States has been placing a growing emphasis on energy efficiency and environmental sustainability. Federal and state regulations promoting the use of energy-efficient appliances, including water heaters, have driven the adoption of high-efficiency models in the commercial sector.
The commercial water heater market in the United Kingdom is expected to grow with a CAGR of 8.1% from 2024 to 2034. The United Kingdom has been actively working to reduce carbon emissions and improve energy efficiency. Regulations and initiatives aimed at promoting sustainable practices and reducing the carbon footprint influence the adoption of energy-efficient commercial water heaters.
The government has implemented various energy performance standards for commercial buildings. These standards often influence the choice of heating systems, including water heaters, to meet the required energy efficiency criteria.
The commercial water heater market in China is expected to grow with a CAGR of 7.7% from 2024 to 2034. China's ongoing urbanization and infrastructure development contribute significantly to the demand for commercial water heaters. As new commercial buildings, hotels, and industrial facilities are constructed, there is a growing need for efficient water heating systems.
Government initiatives in China play a crucial role in driving market growth. Policies promoting energy efficiency, environmental sustainability, and the use of clean technologies encourage the adoption of advanced and eco-friendly commercial water heaters.
The commercial water heater market in Japan is expected to grow with a CAGR of 8.0% from 2024 to 2034. Japan's interest in renewable energy sources may lead to increased adoption of solar thermal water heaters and other eco-friendly technologies in the commercial sector. Government incentives and initiatives to promote renewable energy can drive this trend.
Different industries in Japan have specific requirements for hot water. The demand for commercial water heaters is influenced by the needs of sectors such as hospitality, healthcare, manufacturing, and more.
Government incentives and subsidies for businesses adopting energy-efficient technologies can stimulate the commercial water heater market. Financial support from the government may encourage businesses to invest in more sustainable heating solutions.
The commercial water heater market in South Korea is expected to grow with a CAGR of 9.0% from 2024 to 2034. South Korea has experienced rapid urbanization and construction activities. The growth of commercial buildings, hotels, and industrial facilities contributes to a sustained demand for water-heating solutions in these spaces.
South Korea is known for its advanced technology and innovation. The integration of smart features, energy-efficient technologies, and improved control systems in commercial water heaters can contribute to market growth as businesses seek modern and efficient solutions.
The below section shows the leading segment. The below 500 L segment is to grow at a CAGR of 6.6% from 2024 to 2034. Based on power rating, the 0 to 10 kW segment is anticipated to hold a dominant share through 2034. It is set to exhibit a CAGR of 6.3% from 2024 to 2034.
| Category | CAGR |
|---|---|
| Below 500 L | 6.6% |
| 0 to 10 kW | 6.3% |
Based on storage capacity, the below 500 L segment is anticipated to grow at a CAGR of 6.6% from 2024 to 2034. Businesses with limited space, such as small restaurants, cafes, or offices, may not have the physical space to accommodate larger water heaters.
Water heaters with capacities below 500L are often more compact and can be installed in areas with space restrictions. Smaller capacity water heaters are generally more energy-efficient for businesses with lower hot water demand. Operating a larger water heater for a small-scale operation could lead to energy wastage, making smaller-capacity heaters more cost-effective and environmentally friendly.
Some regions or industries may have regulations or standards that recommend or mandate the use of water heaters with specific capacities based on the scale of the business. Choosing a below 500L capacity aligns with compliance requirements in such cases.
Based on power rating the 0 to 10 kW segment is anticipated to register a CAGR of 6.3% from 2024 to 2034. Businesses with relatively low hot water requirements, such as small offices, clinics, or retail shops, often find water heaters with 0 to 10 kW power ratings sufficient for their needs. These businesses may not need the high capacities or power outputs of larger heaters.
Smaller commercial water heaters are generally more energy-efficient when the hot water demand is modest. Operating a lower power rating heater for applications with lower requirements helps businesses optimize energy usage and reduce operational costs.
Commercial water heaters with power ratings in the 0 to 10 kW range are often more affordable both in terms of the initial purchase cost and ongoing operational expenses. For businesses with lower hot water demands, investing in a smaller and less powerful unit can be a cost-effective solution.
Businesses with limited physical space for equipment installation may find smaller water heaters more suitable. Water heaters with lower power ratings tend to be more compact, making them easier to install in tight spaces.
Market players invest in research and development to introduce energy-efficient, smart, and environmentally friendly commercial water heaters. Market players collaborating with other industry players, technology providers, or energy efficiency organizations can help market players enhance their offerings and broaden their market reach.
| Attributes | Details |
|---|---|
| Estimated Market Size in 2024 | US$ 8.2 billion |
| Projected Market Valuation in 2034 | US$ 16 billion |
| Value-based CAGR 2024 to 2034 | 6.9% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in US$ billion |
| Key Regions Covered |
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| Key Market Segments Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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As of 2024, the market for commercial water heaters is expected to be valued at US$ 8.2 billion.
By 2034, the market value of commercial water heaters is expected to reach US$ 16 billion.
From 2024 to 2034, commercial water heaters are expected to flourish at a CAGR of 6.9%
The below 500 L segment is expected to grow at a CAGR of 6.6% from 2024 to 2034.
South Korea is likely the top-performing market, with a CAGR of 9.0%.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Storage Capacity 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Storage Capacity, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Storage Capacity, 2024 to 2034 5.3.1. Below 500 L 5.3.2. 500-1000 L 5.3.3. 1000-2000 L 5.3.4. 2000-3000 L 5.3.5. More than 3000 L 5.4. Y-o-Y Growth Trend Analysis By Storage Capacity, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Storage Capacity, 2024 to 2034 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Power Rating 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Power Rating, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Power Rating, 2024 to 2034 6.3.1. 0 to 10 kW 6.3.2. 10 to 50 kW 6.3.3. 50 to 100 kW 6.3.4. 100 to 300 kW 6.3.5. More than 300 kW 6.4. Y-o-Y Growth Trend Analysis By Power Rating, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By Power Rating, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Fuel Type 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Fuel Type, 2019 to 2023 7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Fuel Type, 2024 to 2034 7.3.1. Electric 7.3.2. Gas 7.3.3. Oil 7.3.4. Solar 7.3.5. Hybrid 7.3.6. Others 7.4. Y-o-Y Growth Trend Analysis By Fuel Type, 2019 to 2023 7.5. Absolute $ Opportunity Analysis By Fuel Type, 2024 to 2034 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Applications 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Applications, 2019 to 2023 8.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Applications, 2024 to 2034 8.3.1. Healthcare 8.3.2. Restaurants 8.3.3. Institutes 8.3.4. Offices 8.3.5. Others 8.4. Y-o-Y Growth Trend Analysis By Applications, 2019 to 2023 8.5. Absolute $ Opportunity Analysis By Applications, 2024 to 2034 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 9.1. Introduction 9.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2019 to 2023 9.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2024 to 2034 9.3.1. North America 9.3.2. Latin America 9.3.3. Western Europe 9.3.4. Eastern Europe 9.3.5. South Asia and Pacific 9.3.6. East Asia 9.3.7. Middle East and Africa 9.4. Market Attractiveness Analysis By Region 10. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Country 10.2.1.1. USA 10.2.1.2. Canada 10.2.2. By Storage Capacity 10.2.3. By Power Rating 10.2.4. By Fuel Type 10.2.5. By Applications 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Storage Capacity 10.3.3. By Power Rating 10.3.4. By Fuel Type 10.3.5. By Applications 10.4. Key Takeaways 11. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. Brazil 11.2.1.2. Mexico 11.2.1.3. Rest of Latin America 11.2.2. By Storage Capacity 11.2.3. By Power Rating 11.2.4. By Fuel Type 11.2.5. By Applications 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Storage Capacity 11.3.3. By Power Rating 11.3.4. By Fuel Type 11.3.5. By Applications 11.4. Key Takeaways 12. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. Germany 12.2.1.2. UK 12.2.1.3. France 12.2.1.4. Spain 12.2.1.5. Italy 12.2.1.6. Rest of Western Europe 12.2.2. By Storage Capacity 12.2.3. By Power Rating 12.2.4. By Fuel Type 12.2.5. By Applications 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Storage Capacity 12.3.3. By Power Rating 12.3.4. By Fuel Type 12.3.5. By Applications 12.4. Key Takeaways 13. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. Poland 13.2.1.2. Russia 13.2.1.3. Czech Republic 13.2.1.4. Romania 13.2.1.5. Rest of Eastern Europe 13.2.2. By Storage Capacity 13.2.3. By Power Rating 13.2.4. By Fuel Type 13.2.5. By Applications 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Storage Capacity 13.3.3. By Power Rating 13.3.4. By Fuel Type 13.3.5. By Applications 13.4. Key Takeaways 14. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. India 14.2.1.2. Bangladesh 14.2.1.3. Australia 14.2.1.4. New Zealand 14.2.1.5. Rest of South Asia and Pacific 14.2.2. By Storage Capacity 14.2.3. By Power Rating 14.2.4. By Fuel Type 14.2.5. By Applications 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Storage Capacity 14.3.3. By Power Rating 14.3.4. By Fuel Type 14.3.5. By Applications 14.4. Key Takeaways 15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 15.2.1. By Country 15.2.1.1. China 15.2.1.2. Japan 15.2.1.3. South Korea 15.2.2. By Storage Capacity 15.2.3. By Power Rating 15.2.4. By Fuel Type 15.2.5. By Applications 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Storage Capacity 15.3.3. By Power Rating 15.3.4. By Fuel Type 15.3.5. By Applications 15.4. Key Takeaways 16. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 16.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 16.2.1. By Country 16.2.1.1. GCC Countries 16.2.1.2. South Africa 16.2.1.3. Israel 16.2.1.4. Rest of MEA 16.2.2. By Storage Capacity 16.2.3. By Power Rating 16.2.4. By Fuel Type 16.2.5. By Applications 16.3. Market Attractiveness Analysis 16.3.1. By Country 16.3.2. By Storage Capacity 16.3.3. By Power Rating 16.3.4. By Fuel Type 16.3.5. By Applications 16.4. Key Takeaways 17. Key Countries Market Analysis 17.1. USA 17.1.1. Pricing Analysis 17.1.2. Market Share Analysis, 2023 17.1.2.1. By Storage Capacity 17.1.2.2. By Power Rating 17.1.2.3. By Fuel Type 17.1.2.4. By Applications 17.2. Canada 17.2.1. Pricing Analysis 17.2.2. Market Share Analysis, 2023 17.2.2.1. By Storage Capacity 17.2.2.2. By Power Rating 17.2.2.3. By Fuel Type 17.2.2.4. By Applications 17.3. Brazil 17.3.1. Pricing Analysis 17.3.2. Market Share Analysis, 2023 17.3.2.1. By Storage Capacity 17.3.2.2. By Power Rating 17.3.2.3. By Fuel Type 17.3.2.4. By Applications 17.4. Mexico 17.4.1. Pricing Analysis 17.4.2. Market Share Analysis, 2023 17.4.2.1. By Storage Capacity 17.4.2.2. By Power Rating 17.4.2.3. By Fuel Type 17.4.2.4. By Applications 17.5. Germany 17.5.1. Pricing Analysis 17.5.2. Market Share Analysis, 2023 17.5.2.1. By Storage Capacity 17.5.2.2. By Power Rating 17.5.2.3. By Fuel Type 17.5.2.4. By Applications 17.6. UK 17.6.1. Pricing Analysis 17.6.2. Market Share Analysis, 2023 17.6.2.1. By Storage Capacity 17.6.2.2. By Power Rating 17.6.2.3. By Fuel Type 17.6.2.4. By Applications 17.7. France 17.7.1. Pricing Analysis 17.7.2. Market Share Analysis, 2023 17.7.2.1. By Storage Capacity 17.7.2.2. By Power Rating 17.7.2.3. By Fuel Type 17.7.2.4. By Applications 17.8. Spain 17.8.1. Pricing Analysis 17.8.2. Market Share Analysis, 2023 17.8.2.1. By Storage Capacity 17.8.2.2. By Power Rating 17.8.2.3. By Fuel Type 17.8.2.4. By Applications 17.9. Italy 17.9.1. Pricing Analysis 17.9.2. Market Share Analysis, 2023 17.9.2.1. By Storage Capacity 17.9.2.2. By Power Rating 17.9.2.3. By Fuel Type 17.9.2.4. By Applications 17.10. Poland 17.10.1. Pricing Analysis 17.10.2. Market Share Analysis, 2023 17.10.2.1. By Storage Capacity 17.10.2.2. By Power Rating 17.10.2.3. By Fuel Type 17.10.2.4. By Applications 17.11. Russia 17.11.1. Pricing Analysis 17.11.2. Market Share Analysis, 2023 17.11.2.1. By Storage Capacity 17.11.2.2. By Power Rating 17.11.2.3. By Fuel Type 17.11.2.4. By Applications 17.12. Czech Republic 17.12.1. Pricing Analysis 17.12.2. Market Share Analysis, 2023 17.12.2.1. By Storage Capacity 17.12.2.2. By Power Rating 17.12.2.3. By Fuel Type 17.12.2.4. By Applications 17.13. Romania 17.13.1. Pricing Analysis 17.13.2. Market Share Analysis, 2023 17.13.2.1. By Storage Capacity 17.13.2.2. By Power Rating 17.13.2.3. By Fuel Type 17.13.2.4. By Applications 17.14. India 17.14.1. Pricing Analysis 17.14.2. Market Share Analysis, 2023 17.14.2.1. By Storage Capacity 17.14.2.2. By Power Rating 17.14.2.3. By Fuel Type 17.14.2.4. By Applications 17.15. Bangladesh 17.15.1. Pricing Analysis 17.15.2. Market Share Analysis, 2023 17.15.2.1. By Storage Capacity 17.15.2.2. By Power Rating 17.15.2.3. By Fuel Type 17.15.2.4. By Applications 17.16. Australia 17.16.1. Pricing Analysis 17.16.2. Market Share Analysis, 2023 17.16.2.1. By Storage Capacity 17.16.2.2. By Power Rating 17.16.2.3. By Fuel Type 17.16.2.4. By Applications 17.17. New Zealand 17.17.1. Pricing Analysis 17.17.2. Market Share Analysis, 2023 17.17.2.1. By Storage Capacity 17.17.2.2. By Power Rating 17.17.2.3. By Fuel Type 17.17.2.4. By Applications 17.18. China 17.18.1. Pricing Analysis 17.18.2. Market Share Analysis, 2023 17.18.2.1. By Storage Capacity 17.18.2.2. By Power Rating 17.18.2.3. By Fuel Type 17.18.2.4. By Applications 17.19. Japan 17.19.1. Pricing Analysis 17.19.2. Market Share Analysis, 2023 17.19.2.1. By Storage Capacity 17.19.2.2. By Power Rating 17.19.2.3. By Fuel Type 17.19.2.4. By Applications 17.20. South Korea 17.20.1. Pricing Analysis 17.20.2. Market Share Analysis, 2023 17.20.2.1. By Storage Capacity 17.20.2.2. By Power Rating 17.20.2.3. By Fuel Type 17.20.2.4. By Applications 17.21. GCC Countries 17.21.1. Pricing Analysis 17.21.2. Market Share Analysis, 2023 17.21.2.1. By Storage Capacity 17.21.2.2. By Power Rating 17.21.2.3. By Fuel Type 17.21.2.4. By Applications 17.22. South Africa 17.22.1. Pricing Analysis 17.22.2. Market Share Analysis, 2023 17.22.2.1. By Storage Capacity 17.22.2.2. By Power Rating 17.22.2.3. By Fuel Type 17.22.2.4. By Applications 17.23. Israel 17.23.1. Pricing Analysis 17.23.2. Market Share Analysis, 2023 17.23.2.1. By Storage Capacity 17.23.2.2. By Power Rating 17.23.2.3. By Fuel Type 17.23.2.4. By Applications 18. Market Structure Analysis 18.1. Competition Dashboard 18.2. Competition Benchmarking 18.3. Market Share Analysis of Top Players 18.3.1. By Regional 18.3.2. By Storage Capacity 18.3.3. By Power Rating 18.3.4. By Fuel Type 18.3.5. By Applications 19. Competition Analysis 19.1. Competition Deep Dive 19.1.1. A.O. Smith (USA) 19.1.1.1. Overview 19.1.1.2. Product Portfolio 19.1.1.3. Profitability by Market Segments 19.1.1.4. Sales Footprint 19.1.1.5. Strategy Overview 19.1.1.5.1. Marketing Strategy 19.1.1.5.2. Product Strategy 19.1.1.5.3. Channel Strategy 19.1.2. Rinnai Corporation (Japan) 19.1.2.1. Overview 19.1.2.2. Product Portfolio 19.1.2.3. Profitability by Market Segments 19.1.2.4. Sales Footprint 19.1.2.5. Strategy Overview 19.1.2.5.1. Marketing Strategy 19.1.2.5.2. Product Strategy 19.1.2.5.3. Channel Strategy 19.1.3. Rheem Manufacturing (Scotland) 19.1.3.1. Overview 19.1.3.2. Product Portfolio 19.1.3.3. Profitability by Market Segments 19.1.3.4. Sales Footprint 19.1.3.5. Strategy Overview 19.1.3.5.1. Marketing Strategy 19.1.3.5.2. Product Strategy 19.1.3.5.3. Channel Strategy 19.1.4. Ariston Thermo spA (Italy) 19.1.4.1. Overview 19.1.4.2. Product Portfolio 19.1.4.3. Profitability by Market Segments 19.1.4.4. Sales Footprint 19.1.4.5. Strategy Overview 19.1.4.5.1. Marketing Strategy 19.1.4.5.2. Product Strategy 19.1.4.5.3. Channel Strategy 19.1.5. Racold (India) 19.1.5.1. Overview 19.1.5.2. Product Portfolio 19.1.5.3. Profitability by Market Segments 19.1.5.4. Sales Footprint 19.1.5.5. Strategy Overview 19.1.5.5.1. Marketing Strategy 19.1.5.5.2. Product Strategy 19.1.5.5.3. Channel Strategy 19.1.6. Midea Group (China) 19.1.6.1. Overview 19.1.6.2. Product Portfolio 19.1.6.3. Profitability by Market Segments 19.1.6.4. Sales Footprint 19.1.6.5. Strategy Overview 19.1.6.5.1. Marketing Strategy 19.1.6.5.2. Product Strategy 19.1.6.5.3. Channel Strategy 19.1.7. Nibe Corporation (Sweden) 19.1.7.1. Overview 19.1.7.2. Product Portfolio 19.1.7.3. Profitability by Market Segments 19.1.7.4. Sales Footprint 19.1.7.5. Strategy Overview 19.1.7.5.1. Marketing Strategy 19.1.7.5.2. Product Strategy 19.1.7.5.3. Channel Strategy 19.1.8. Nortiz Corporation (Japan) 19.1.8.1. Overview 19.1.8.2. Product Portfolio 19.1.8.3. Profitability by Market Segments 19.1.8.4. Sales Footprint 19.1.8.5. Strategy Overview 19.1.8.5.1. Marketing Strategy 19.1.8.5.2. Product Strategy 19.1.8.5.3. Channel Strategy 19.1.9. Hubbell (USA) 19.1.9.1. Overview 19.1.9.2. Product Portfolio 19.1.9.3. Profitability by Market Segments 19.1.9.4. Sales Footprint 19.1.9.5. Strategy Overview 19.1.9.5.1. Marketing Strategy 19.1.9.5.2. Product Strategy 19.1.9.5.3. Channel Strategy 19.1.10. Valliant (Germany) 19.1.10.1. Overview 19.1.10.2. Product Portfolio 19.1.10.3. Profitability by Market Segments 19.1.10.4. Sales Footprint 19.1.10.5. Strategy Overview 19.1.10.5.1. Marketing Strategy 19.1.10.5.2. Product Strategy 19.1.10.5.3. Channel Strategy 19.1.11. Lowe’s (USA) 19.1.11.1. Overview 19.1.11.2. Product Portfolio 19.1.11.3. Profitability by Market Segments 19.1.11.4. Sales Footprint 19.1.11.5. Strategy Overview 19.1.11.5.1. Marketing Strategy 19.1.11.5.2. Product Strategy 19.1.11.5.3. Channel Strategy 19.1.12. Bradford White Corporation (USA) 19.1.12.1. Overview 19.1.12.2. Product Portfolio 19.1.12.3. Profitability by Market Segments 19.1.12.4. Sales Footprint 19.1.12.5. Strategy Overview 19.1.12.5.1. Marketing Strategy 19.1.12.5.2. Product Strategy 19.1.12.5.3. Channel Strategy 19.1.13. Flexiheat UK Ltd (UK) 19.1.13.1. Overview 19.1.13.2. Product Portfolio 19.1.13.3. Profitability by Market Segments 19.1.13.4. Sales Footprint 19.1.13.5. Strategy Overview 19.1.13.5.1. Marketing Strategy 19.1.13.5.2. Product Strategy 19.1.13.5.3. Channel Strategy 19.1.14. Daikin Industries (Japan) 19.1.14.1. Overview 19.1.14.2. Product Portfolio 19.1.14.3. Profitability by Market Segments 19.1.14.4. Sales Footprint 19.1.14.5. Strategy Overview 19.1.14.5.1. Marketing Strategy 19.1.14.5.2. Product Strategy 19.1.14.5.3. Channel Strategy 20. Assumptions & Acronyms Used 21. Research Methodology
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Industrial Automation
September 2017
REP-GB-4928
October 2022
301 pages
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