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The rising usage of hot water for commercial purposes has been inherently fueling commercial water heater market share since the last few years

03-12-2019 12:33 PM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

Commercial Water Heater Market

Commercial Water Heater Market

Commercial sectors comprising hospitality services, food processing industries, and offices have been emerging as some of the prime growth avenues demanding hot water on a regular scale, on the grounds of which they have been amply installing hot water heaters at the workplace. Though energy companies have already developed an appreciable range of products since the last few years, they have been constantly involved in research and development activities, aiming to manufacture products with an even greater efficiency parameter.
It is thus rather discernible that the popularity of next-gen products is likely to encourage their mass adoption in the ensuing years. In addition to this, the initiatives taken by the regulatory bodies to encourage water heater manufacturers to develop energy-efficient products is also likely to impel the commercial water heater industry size.

Get a Sample Copy of this Report: @ https://www.gminsights.com/request-sample/detail/2910

Over the last few years, the commercial use of water heaters has been continuously increasing, pertaining to the rapid industrialization and urbanization across the globe. In line with the increasing use of water heaters for various applications such as offices, hospitals, medical laboratories, and food service, water heater manufacturers have been expanding their commercial product ranges.

For instance, one of the largest manufacturers of water heaters for commercial as well as residential applications, A.O. Smith has been continuously striving to expand its business with new product developments and technology advancements. Recently, in April 2018, it has broken down the limitations related to remote monitoring and hot water management capabilities with the launch of a new connectivity platform. This new hot water system can be operated through iOS and Android-ready mobile devices. This invention indeed has set a new benchmark for maintaining and monitoring hot water systems.

Report Content
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Commercial Water Heater Industry Insights
Chapter 4 Commercial Water Heater Market, By Product
Chapter 5 Commercial Water Heater Market, By Capacity
Chapter 6 Commercial Water Heater Market, By Energy Source
Chapter 7 Commercial Water Heater Market, By Application
Chapter 8 Commercial Water Heater Market, By Region
Chapter 9 Company Profiles

The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:

• Definition and scope of research
• Market dynamics, growth drivers and industry pitfalls
• Regulatory and political guidelines for the industry
• Demographics and statistical data

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Speaking along the same line, with the goal to provide superior facilities to consumers, A. O. Smith has also launched new Blue diamond technology-based water heaters in India. This technology can improve the lifespan of the water heaters by providing corrosion resistance features that can reduce premature failure of tanks due to hard and contaminated water.

In addition to innovations, several companies have been adopting different types of tactics to expand their businesses which will have a considerable impact on commercial water heater market. For instance, the leading UK based gas-fired commercial water heater manufacturer, Andrews Water Heaters has started a new cashback policy for the customers who want to upgrade their commercial water heater systems. The company declared that it would replace any branded commercial water heater with its next-generation products. The replacement of old and inefficient water heaters will also help users obtain cost-effective returns and improve air quality as older heaters may tend to cause harmful emissions. The implementation of such innovative strategies will emerge beneficial for companies to obtain lucrative returns on investments.

Browse key industry insights spread across 980 pages with 2484 market data tables & 36 figures & charts from the report @ https://www.gminsights.com/industry-analysis/commercial-water-heater-market

Commercial water heater market research report includes in-depth coverage of the industry with estimates & forecast in terms of Units and USD from 2013 to 2024, for the following segments:

Commercial Water Heater Industry, By Capacity
• 400 liters

Commercial Water Heater Market, By Application
• College/University
• Offices
• Government/Military

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research

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Corporate Sales, USA
Global Market Insights, Inc.
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