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Global Water Heater Market Size & Growth Analysis Report, 2018-2023
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IoT innovation improving the performance of water heaters
While IoT has been gaining popularity in lighting and home security industries, the technology is also transforming the commercial water heating. The capability of using an app for getting real-time performance data offers benefits to water heater manufacturers, plumbing contractors and commercial businesses who rely on a steady, cost-effective supply of hot water. IoT in water heating system can save energy in a number of ways. A user is allowed to control the heating system; for instance, lowering the temperature of the heater when no one is in the home. It can also include web-based or mobile app control through which the temperature can be adjusted from anywhere. The water heating companies are collaborating with IoT companies for adding connectivity in their boilers. For instance, in September 2016, Aquanta Inc. entered into a collaboration with Ayla Network, under which IoT technology of Ayla Network has enabled remote and convenient control of Aquanta Water Heater, via a smartphone or web-enabled device.
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Scope of the Global Water Heater Market
Market Coverage
• Market number available - 2021-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered- By Energy Source, Mode of water Supply and End user
• Regions Covered- North America (US and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of World (Middle East and Africa, Latin America)
• Competitive Landscape- A. O. Smith Corp., Ariston Thermo SPA, Bradford White Corp., Crompton Greaves Ltd., General Electric Co., Haier Electronics Group Co., Ltd., Noritz Corp., Rheem Manufacturing Company, Rinnai Corp., and Siemens AG.
Recent Strategic Initiatives in the Global Water Heater Market
• In January 2019 Noritz Corp. acquired PB Heat Company which is Bally, Pennsylvania based company. The company is the manufacturer of high-efficiency steel and iron boilers and manufacturer of indirect-fired water heaters. Through this acquisition, the company demands to increase their product portfolio, and to work effectively in competitive environment.
Global Water Heater Market-Segmentation
By Energy Source
• Gas
• Electricity
• Hybrid
• Solar
By Mode of Water supply
• On-Demand or Tank-Less Water Heater
• Storage or Tank Water Heater
By End user
• Residential
• Commercial
• Industrial
Global Water Heater Market– Segment by Country
North America
• US
• Canada
Europe
• UK
• Germany
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• A. O. Smith Corp.
• Ariston Thermo SPA, Bradford White Corp.
• Crompton Greaves Ltd.
• General Electric Co.
• Haier Electronics Group Co., Ltd
• Noritz Corp.
• Rheem Manufacturing Company,
• Rinnai Corp.
• Siemens AG.
• Stiebel Eltron, Inc.
• Venus Home Appliances (P) Ltd.
• Zhongshan Inse Group Co, Ltd.
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Media Contact:
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Contact Person: Mr. Anurag Tiwari
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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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