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Commercial Water Heaters Market - Forecast to 2026

Commercial Water Heaters Market

Commercial Water Heaters Market

According to a new market research report published by Global Market Estimates, the Global Commercial Water Heaters Market is projected to grow from USD 5.73 billion in 2021 to USD 7.7 billion by 2026 at a CAGR value of 6.2% between 2021 to 2026. Favorable laws and incentives for the use of renewable energy sources in various implementations are likely to perform an important part in the evolution of this market throughout the forecast period.

Browse 159 Market Data Tables and 119 Figures spread through 189 Pages and in-depth TOC on "Global Commercial Water Heaters Market - Forecast to 2026"

By Type (Electric, Oil, Gas, Solar, Hybrid, Heat Pump, Others [Bio-Fuel & Solid Fuel-Fired Commercial Water Heaters]), By Capacity (Up to 10kW, 10‒50kW, 50‒150kW, 150‒300kW, Above 300kW), By Liter (Below 500 Liters, 500‒1,000 Liters, 1,000‒3,000 Liters, 3,000‒4,000 Liters, Above 4,000 Liters), By Region (North America, Europe, Asia Pacific, MEA, and CSA); End-User Landscape, Company Market Share Analysis & Competitor Analysis

Key Market Insights
• The fast growth of high-rise structures, fueled by different foreign investments, is expected to have an impact on product demand.
• Electric water heaters are most prominently used because they provide more functionality and are easy to operate.
• The heaters with a capacity of 10 to 50 kW are preferred the most because they are simple to operate, have a high operating economy, and consume less water.
• Commercial water heaters of below 500 liters are used majorly within the market because this capacity of water heaters is appropriate for moderate hot water need operations in commercial businesses.
• Owing to the existence of significant companies connected with commercial and residential water heaters and boilers, North America is expected to dominate the commercial water heaters market.
• Mitsubishi Electric (Japan), A.O. Smith Corporation (US), Carrier Global (US), RHEEM Manufacturing Company (US), Rinnai Corporation (Japan), NIBE Energy Systems (Sweden), Solahart Industries (Australia), Stiebel Eltron (Germany), Viessmann Group (Germany), Danfoss (Denmark), American Water Heaters (US), Valliant Group (Germany), Daikin (Japan), Andrewes Water Heaters (Baxi Heating) (UK), and many others are some of the prominent market players.

Browse the Report @

Type Outlook (Revenue, USD Billion, 2021-2026)
• Electric
• Oil
• Gas
• Solar
• Hybrid
• Heat Pump
• Others
• Bio-fuel
• Solid Fuel-fired

Rated Capacity Outlook (Revenue, USD Billion, 2021-2026)
• Up to 10kW
• 10‒50kW
• 50‒150kW
• 150‒300kW
• Above 300kW

Liter Outlook (Revenue, USD Billion, 2021-2026)
• Below 500 Liters
• 500‒1,000 Liters
• 1,000‒3,000 Liters
• 3,000‒4,000 Liters
• Above 4,000 Liters

Regional Outlook (Revenue, USD Billion, 2021-2026)
North America
• The US.
• Canada
• Mexico
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of APAC
Central & South America
• Brazil
• Argentina
• Rest of CSA
Middle East & Africa
• Saudi Arabia
• Rest of MEA

Contact: Yash Jain
Email address:
Phone Number: +16026667238
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B-502, Kemp Plaza, Mindspace, Malad West, Mumbai: 400 064, India

Global Market Estimates is an India based market research and consulting company. The company provides syndicated research reports, customised research reports and consulting services to their clients and helps them achieve their business goals on a commercial level. Global Market Estimates database is used by the world's well known and prolific academic institutions and Fortune 500 companies to understand the global and regional business environment to excel in their business goals.

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