Commercial Water Heater Market

1
Opportunity Analysis and Industry Forecast,
2016-20231
Commercial Water Heater Market by Type, by
Storage Capacity, by Rated Capacity Global
Opportunity Analysis and Industry Forecast,
2023-2032
Pages 350 Tables 132 Charts 81
2

• Top Impacting Factors
• The commercial water heater market was valued at
  6.3 billion in 2022 and is estimated to reach
  9.9 billion by 2032, growing at a CAGR of 4.6
  from 2023 to 2032.
• The growth of the global commercial water heater
  market is majorly driven by growing
  infrastructure, especially in public and
  commercial sectors.
• Booming commercial sector and real estate
  sectors in the Asia-Pacific region and
  advancements in the current
• technology is the recent commercial water
  heater market trends.
• The global commercial water heater market size is
  studied by type, storage capacity, rated
  capacity, and region.

Global Commercial Water Heater Market Outlook
(2023 2032)
Pages 350 Tables 132 Charts 81
3

• On the basis of type, the market is divided into
  electric, gas, oil, solar, hybrid, and others.
• The electric segment dominated the commercial
  water heater market share in 2022 owing to the
  higher operational efficiency offered by electric
  water heaters.
• The water heaters are majorly used in small
  commercial places such as small offices, beauty
  salons, small restaurants, and small or
  individual health clinics.

Global Commercial Water Heater Market Outlook
(2023 2032)
Pages 350 Tables 132 Charts 81
4

• Key Findings of The Commercial Water Heater
  Market
• By type, the solar segment is projected to grow
  at the highest CAGR of approximately 5.0, in
  terms of during the commercial water heater
  market forecast period
• By the storage capacity, the 500-1000 liters
  segment dominated the commercial water heater
  market share by over 30 in 2021.
• By rated capacity, the 10-50 kW segment is
  projected to grow at the highest CAGR of
  approximately 4.7, in terms of during the
  commercial water heater market forecast period.
• By region, North America dominated the commercial
  water heater market and is expected to grow at a
  CAGR of 4.6 during the forecast period.

Global Commercial Water Heater Market Outlook
(2023 2032)
Pages 350 Tables 132 Charts 81
5

• The key players profiled in the report include
• Robert Bosch GmbH
• STIEBEL ELTRON GmbH and Co. KG
• Danfoss A/S
• Bradford White Corporation
• NIBE Industrier AB
• A.O. Smith Corporation
• Rheem Manufacturing Company
• Mitsubishi Electric Corporation,
• Carrier Global Corporation
• Bajaj Electricals Ltd

Global Commercial Water Heater Market Outlook
(2023 2032)
Pages 350 Tables 132 Charts 81
6
Global Commercial Water Heater Market Outlook
(2023 2032)
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