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Gas Water Heater Market Size Estimates and Forecasts, by Storage Type (Tank and Tankless/Instantaneous), by End-Use (Residential and Commercial) - Global opportunity Analysis and Industry Forecast 2019-2025

Description

Global gas water heater Industry valued approximately USD 19.6 billion in 2016 is anticipated to witness the annual growth of more than 5% over the forecast period 2019-2025. Increasing government mandates towards ‘Energy Star’ rated products along with the replacement demand for heaters in North America and Europe is the major reason behind the growth of the Industry.

Gas heaters are always considered to be safer than the electric models, also they offer higher energy efficiency as compared to the electric versions. Owing to such advantages gas water heaters have been significantly popular among the consumers over the last several years. Moreover, rapid urbanization coupled technological developments including remote automation and smart temperature controls are also likely to fuel the demand for gas models over the forecast period. The Industry has been broadly segmented into different screen sizes and geography.

Gas Water Heater Industry Share and Size by 2019-2025
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Gas Water Heater Market Segmentation:
By Storage Type:
* Tank
* Tankless / Instantaneous

By End-Use
* Commercial
* Residential

By Region
* North America
- USA
- Canada
* Europe
- Germany
- U.K.
- France
- Italy
- Rest of Europe
* APAC
- China
- India
- Japan
- Rest of Asia-Pacific
* RoW
- Latin America
- Middle East & Africa

Major Market Players in Gas Water Heater Market are as follows:
American Gas Water Heater
Ariston Therm - SpA
Haier Group
Havells India Ltd.
Kenmore
Rheem Manufacturing
HTP, Inc.
Whirlpool

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