Gas Water Heater Market

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Gas Water Heater Market Trends, Statistics
Growth Forecast 2022- 2030
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Industry Overview

• In February 2022, GE Appliances Air and Water
  Solutions, an arm of the leading gas water heater
  market player Haier, announced its plans for the
  rollout of RealMAX line at the 2022 Air
  Conditioning Heating and Refrigeration Expo. The
  addition enabled the company to provide an
  inclusive portfolio of atmospheric gas,
  point-of-use, tankless, and electric water
  heaters in a range of capacities.
• The increasing adoption of similar steps in
  tandem with partnership agreements is expected to
  drive gas water heater market growth through the
  forthcoming years. According to the latest
  research conducted by Global Market Insights
  Inc., the industry is expected to record an
  annual installation of over 57 million units by
  2030.
• BDR Thermea Group, A.O Smith, State Industries,
  Bradford White, Rheem Manufacturing, Lennox
  International, Vaillant Group, Bosch
  Thermotechnology, and others are some of the
  major players in the industry.
• In June 2022, the U.S. government released new
  energy efficiency standards for commercial water
  heaters intending to reduce the energy costs and
  greenhouse gas emissions.

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• The policy is further slated to help in bringing
  about a 38 million metric ton reduction in carbon
  emissions between 2026 and 2055. According to the
  U.S. Energy Information Administration, natural
  gas water heaters deploy nearly 18 of the gas
  that is utilized in commercial buildings.
• An increase in such advancements is likely to
  influence the number of commercial gas water
  heater installations, altering the product demand
  over the coming years.
• In order to strengthen their industry foothold,
  several companies are participating in trade
  conferences and fairs. In addition, several key
  gas water heater manufacturers are showing a keen
  interest in the adoption of various initiatives
  such as acquisitions, mergers, and product
  developments.
• The demand for gas water heaters is set to rise
  considering the shift in consumer trends toward
  reliant energy-efficient systems.
• This is slated to be on account of the increasing
  number of single and multi-family apartments.

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Gas Water Heater Market

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