Commercial Water Heaters Market 2020 Recent Industry Developments, Various Important Aspects of COVID 19 Outbreak and Growth Strategies Adopted by Top Key Players Worldwide and Assessment to 2025

2020 August, Magarpatta SEZ, Pune, “ReportsnReports”, one of the world’s prominent market research firms has released a new report on Global Commercial Water Heaters Market. The report contains crucial insights on the market which will support the clients to make the right business decisions. This research will help both existing and new aspirants for Commercial Water Heaters Market to figure out and study market needs, market size, and competition. The report talks about the supply and demand situation, the competitive scenario, and the challenges for market growth, market opportunities, and the threats faced by Top key players.

The report also includes the impact of ongoing global crisis i.e. COVID-19 on the Commercial Water Heaters Market and what the future holds for it. The published report is designed using a vigorous and thorough research methodology and ReportsnReports is also known for its data accuracy and granular market reports.

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“The global commercial water heaters market size is projected to grow at a CAGR of 6.1%, from 2020 to 2026.”

The global commercial water heaters market size is projected to reach USD 7.7 billion by 2026 from an estimated value of USD 5.4 billion in 2020, at a CAGR of 6.1%. Factors driving the growth of the commercial water heaters market include increasing investments for the development and expansion of commercial sector operations across different regions. In addition, supportive regulations and grants for using renewable sources of energy in different applications are also expected to play a key role in the growth of this market during the forecast period.
“The electric segment is expected to hold the largest share of the commercial water heaters market, by technology, during the forecast period.”
The electric segment is estimated to be the largest- segment of the commercial water heaters market, by type, from 2020 to 2026. Electric water heaters offer exceptionally high operational efficiency ranging from 95% to 98%. They are mainly used in Asia Pacific owing to the fact that countries such as China, India, South Korea, and Japan are focusing on limiting their carbon footprint resulting from the use of fossil fuels.
“Asia Pacific: The fastest growing market for commercial water heaters.”

The Asia Pacific is expected to be the largest as well as the fastest growing commercial water heaters, by region, during the forecast period. Countries such as China, South Korea and Australia are the fastest-growing markets in the Asia Pacific region. Asia Pacific is expected to dominate the commercial water heaters market during the forecast period as owing to the increase in the use of renewable energy and energy efficient products. Several leading players in the commercial water heaters market such as A.O. Smith Corporation, Rinnai Corporation, RHEEM Manufacturing, and Ariston Thermo have their manufacturing facilities in countries such as China, India, and Malaysia. The region is home to a number of emerging economies such as China, India, Singapore, and Malaysia. These economies are witnessing increased investments in their commercial sectors.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects.

The distribution of primary interviews is as follows:
• By Company Type: Tier 1- 47.2%, Tier 2- 30.7%, Tier 3- 22.1%
• By Designation: C-Level Executives- 42.1%, Managers- 39.6%, Others- 18.3%
• By Region: Asia Pacific- 50.1%, Africa- 2%, Europe- 25.8%, and North America- 22.1%
Note: The tier of the companies has been defined based on their total revenue; as of 2017: Tier 1 = >USD 5 billion, Tier 2 = USD 1 billion to USD 5 billion, and Tier 3 = < USD 1 billion
The key players in the commercial water heaters such as A.O. Smith Corporation (US), RHEEM Manufacturing Company (US), Rinnai Corporation (Japan), Solahart Industries (Australia), Carrier Global (US), StiebelEltron (Germany), etc. and other players such as Viessmann Group (Germany), NIBE Energy Systems (Sweden), Danfoss (Denmark), Valliant Group (Germany), American Water Heaters (US), Daikin (Japan), Mitsubishi Electric (Japan), Andrewes Water Heaters (Baxi Heating) (UK), and more.

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The global Commercial Water Heaters Market is expected to witness a promising growth in the next few years. The rising level of competition among the leading players and the rising focus on the development of new products are likely to offer promising growth opportunities throughout the forecast period. The research study on the global Commercial Water Heaters Market offers a detailed overview, highlighting the key aspects that are expected to enhance the growth of the market in the near future. The key segmentation and the competitive landscape of the market have also been mentioned at length in the research study.
This report studies the Commercial Water Heaters Market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Commercial Water Heaters Market by product type and applications/end industries. These details further contain a basic summary of the company, merchant profile, and the product range of the company in question. The report analyzes data regarding the proceeds accrued, product sales, gross margins, price patterns, and news updates relating to the company.

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The report helps to identify the main Commercial Water Heaters Market players. It assists in analyzing Commercial Water Heaters Market competitive environment, including company overview, company total revenue, market opportunities, value, production sites and facilities, SWOT analysis, product details. The study also reveals the sales, revenue and market share for each market player included in this report for the period of 2015-2020. It also helps to ascertain the growth drivers and future prospects for the forecast timeline.

Conclusively, this report is a one stop reference point for the industrial stakeholders to get Commercial Water Heaters Market forecast of till 2025. This report helps to know the estimated market size, market status, future development, growth opportunity, challenges, growth drivers of by analyzing the historical overall data of the considered market segments.

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