A Spotlight on Commercial Water Heaters Market 2021-2027 | Profiling Top Key Players - AO Smith, Ariston Thermo, Haier, Hubbell, Thermex, Whirlpool
Overview of the Global Commercial Water Heaters Market:
The report spread across 150 pages is an overview of the Global Commercial Water Heaters Market. This report study based on the Commercial Water Heaters Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies. Commercial Water Heaters Market Research Report is a meticulous investigation of current scenario of the market, which covers several market dynamics.
The Global Commercial Water Heaters Market is accounted for $5.02 Billion in 2019 and is expected to reach $8.96 Billion by 2027 growing at a CAGR of 7.5% during the forecast period.
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According to the market report analysis, the process of transferring heat by making use of a source of energy that is devised to heat water beyond the normal temperature is known water heating. Water heater is one of the traditional devices like cauldrons, kettles and others that are used for water heating domestically. Water heaters provide an uninterrupted supply of hot water. Fossil fuels, nuclear power, renewable powers, solar power and other alternative sources of energy are directly or indirectly used to ensure the functioning of water heaters. Commercial water heaters are used on continuously throughout the day and night and hence deserve special attention and maintenance on a regular basis.
Some of the most important key factors driving the growth of the Global Commercial Water Heaters Market are increasing demand for energy-efficient water heaters, and integration of commercial water heaters with new-age technologies. However, factors such as high capital expenditure (CapEx) for development and operational losses in commercial water heaters are hampering the market growth.
This comprehensive Commercial Water Heaters Market research report 2019 – 2027 includes a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The research report analyzes the market size, industry share, growth, key segments, CAGR and key drivers.
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Major Key Players:
1 A.O. Smith Corporation
2 American Standard Water Heaters
3 Ariston Thermo
4 Carrier Global
6 Haier Electronics
8 Linuo Ritter International
9 Midea Group
10 Noritz Corporation
11 RHEEM Manufacturing Company
12 Rinnai Corporation
13 Saudi Ceramics
14 Solahart Industries
15 Stiebel Eltron
17 Thermex Corporation
18 Vaillant Group
19 Westinghouse Electric Corporation
20 Whirlpool and More……………
Market Segment by Types:
6 Heat Pump
Market Segment by Rated Capacities:
5 Above 300kW
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Latest Industry News:
Haier Electronics (March 30, 2021) - Haier India Introduces New Range of Magic Convertible Big Bottom Mounted Refrigerators - Haier, the global leader in Home Appliances & Consumer Electronics and World's Number 1 brand in Major Appliances for 12 Consecutive Years, has unveiled 17 new variants of Big Bottom Mounted Refrigerators in 3 and 4-star range. The new additions to Haier's revolutionary BMR – Bottom Mounted Refrigerator series flaunt the all-new magic convertible series that allows temperature to be controlled between a wide range of +9⁰C to -24⁰C to cater to the unique requirements of different food items for retaining their freshness and nutrition for longer duration.
Different foods have different temperature requirements for storage. Not all foods are best stored at the exact same temperature. And even though the ideal temperatures for different foods may vary by only a few degrees, those differences can make a huge impact on flavor, freshness and texture. Designed to smartly cater versatile storage requirements of different food items, the magic convertible technology helps in converting the refrigerator to 14 modes. Unlike other refrigerators, Haier's Magic Convertible feature allows precise temperature control by every degree to store food items ranging from chicken, seafood to desserts and ice creams, cereals and vegetables – at a favorable temperature.
This unique feature is enabled by Haier's Advanced Triple Inverter Technology that also allows more energy savings and reduces noise. Moreover, the innovative Dual Fan Technology allows multiple air flow in the refrigerator to keep different food items stored in the refrigerator fresh for a longer period, while also retaining their original flavours, smells and textures. Designed keeping in mind Haier's unique ‘Jhukna Mat’ concept, the new BMRs come with the more-used refrigerator section at the top while the less-used freezer section is mounted at the bottom. This helps in reducing bending up to 90% while also providing easy visibility of the stored food along with two-times bigger vegetable box for more storage.
The new range of refrigerators comes fitted with a smart display that operates easily to set temperature and different modes. In addition, the refrigerator can be set on Holiday mode, to keep the users tension-free on holidays. Moreover, the ‘connect home inverter’ feature sets up a connection with the home inverter automatically during power cuts to ensure continuous cooling.
Commenting on the launch, Mr. Eric Braganza, President, Haier Appliances India said, “At Haier India, we aim to provide our consumers with innovative products powered by cutting-edge technology that makes their lives convenient as well as complement their lifestyles. In line with our motto of ‘Inspired Living’, our new line-up of Big Bottom Mount Refrigerators provides the customers with the option of choosing multiple modes of cooling as per their requirements while reducing the bending to up to 90%. We value our customers and hence, our focus has always been to provide the best products and service without compromising on space, style, technology, and energy savings. By adding these 17 new variants of magic convertible refrigerators to our existing range, we are expanding our series of aesthetically designed products that match the evolving needs and requirements of our customers.”
Table of Contents:
1 Executive Summary
3 Commercial Water Heaters Market Trend Analysis
4 Porters Five Force Analysis
5 Global Commercial Water Heaters Market, By Mode of Delivery
6 Global Commercial Water Heaters Market, By Product Type
7 Global Commercial Water Heaters Market, By Application
8 Global Commercial Water Heaters Market, By End User
9 Global Commercial Water Heaters Market, By Geography
10 Key Developments
11 Company Profiling
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