Press release
Valuable Research on U.S. Commercial Water Heater Market 2025 by top key players like A.O. Smith, Ariston Thermo SpA, Bosch Thermotechnology, Bradford White Corporation, Haier Electronics
Expanding tourism sector coupled with incessant requirement of hot water across hospitals and resorts have stimulated the demand for instant water heaters. Increasing deployment across commercial workplaces and offices owing to optimized performance and on demand heating will encourage the product adoption.
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Citing an instance of how even companies have been striving to upsurge the potential of the regional commercial water heater market, Fiat Chrysler recently made it to the headlines for having announced that it plans to undertake a major manufacturing expansion in Detroit, converting the Mack Avenue Engine factory to an assembly plant for a new Jeep SUV and the next-gen Jeep Grand Cherokee.
According to the ENERGY STAR summary (water heater programs), 2018, the state of Illinois was known to have registered the maximum budget for water heater programs across the region – estimated to more than USD 10 million to USD 25 million. That said, the support from municipal utilities as well as small-scale cooperatives will also serve to impel U.S. commercial water heater industry share from the North east Central region.
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Armed with a fierce competitive spectrum, spanning companies such as Haier Electronics, Rheem Manufacturing, Bradford White, Rinnai Corporation, Havells India Limited, General Electric Appliances, Bosch Thermotechnology, and A.O Smith, the U.S. commercial water heater market is all set for a major upheaval in the years ahead. As per estimates, the U.S. commercial water heater industry size is likely to surpass USD 750M by the year 2025.
Partial Table of Contents (ToC) of the report:
Chapter 5 U.S. Commercial Water Heater Market, By Capacity
5.1 U.S. commercial water heater market share by capacity, 2018 & 2025
5.2 400 liters, by region, 2014 – 2025
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Introduction of new technologies and strategic growth alliances will foster the water heater industry growth. The companies are pursuing mergers and acquisitions with leading technology providers to gain competitive edge over its rival. The industry players are making heavy investments toward research and development and focusing toward low cost manufacturing to offer competitive pricing.
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Global Market Insights, Inc.
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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 methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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