Press release
U.S. Water Heater Market Size by Reach Investment of USD 4.17 Billion by 2026 – Arizton
The U.S. water heater market is expected to reach USD 4.17 billion by 2026, growing at a CAGR of 4.89%.Midwest and Northeast regions are generating the highest revenue for the heater market in the United States due to the huge population in the Midwestern states and cold climate in these areas. Heat pump water heaters are increasingly gaining momentum as these are highly efficient as compared to electric and conventional gas water heaters. The key players in the US water heater industry are O. Smith, Bradford White, and Rheem Manufacturing. Vendors in the US water heater market can tap into the tremendous growth opportunities by targeting the rental home market. For instance, In July 2021, Bradford white, a water heater manufacturing company, launched a tankless water heater that includes integrated flush ports, digital controls, technology that helps maintain constant water temperature, field gas conversion, Venting and modulation, and others.
The following factors are likely to contribute to the growth of the U.S. water heater market during the forecast period:
• Growing traction for smart water heaters
• Emergence of hybrid water heaters
• Growth in the commercial Sector
• Expansion of residential sector
• Rising demand for energy efficiency
• Investment in research & development
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U.S. Water Heater Market– Vendor Landscape
Key Vendors
• A.O. Smith
• Bradford White
• Rheem Manufacturing Company
Other Prominent Vendors
• Bock Water Heaters
• Eccotemp
• General Electric
• HTP
• Hubbell Water Heaters
• Intellihot
• Navien
• Noritz America Corporation
• Rinnai American Corporation
• State Water Heaters
• Stiebel Eltron
• Watts Water Technologies
• Westinghouse Electric Company
• Whirlpool
U.S. Water Heater Market – Segmentation
U.S. Water Heater Market by Product Type
• Gas & Oil
• Electric
• Heat Pump
• Solar
U.S. Water Heater Market by Category
• Storage
• Instant
U.S. Water Heater Market by Distribution Channel
• Offline
• Online
U.S. Water Heater Market by End User
• Residential
• Commercial
U.S. Water Heater Market by Geography
• Midwest US
• Northeast US
• South US
• West US
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U.S. Water Heater Market – Table of Content
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.1.3 Market Estimation Caveats
4.2 Base Year
4.3 Scope of The Study
4.4 Market Segments
4.4.1 Market Segmentation by Product Type
4.4.2 Market Segmentation by Category
4.4.3 Market Segmentation by End User
4.4.4 Market Segmentation by Distribution Channel
4.4.5 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at A Glance
7 Introduction
7.1 Overview
7.2 Components of Storage Water Heater
7.3 Government Regulations
7.4 Industry FAQs
7.4.1 How Will the Us Water Heater Market Perform in The Coming Years?
7.4.2 Which Is the Fastest Growing and Most Preferred Category of Water Heaters in The Market?
7.4.3 Which Water Heater by Product Type Has the Highest Revenue Share and Fastest Growth in The Market?
7.4.4 Which End-User Segment Generates the Highest Revenue for Water Heater Vendors Operating in The Us?
7.4.5 Who Are the Key Players in The Us Water Heater Market?
7.5 Impact of Covid-19
7.5.1 Supply Side
7.5.2 Demand Side
8 Market Opportunities & Trends
8.1 Growing Traction for Smart Water Heaters
8.2 Emergence of Hybrid Water Heaters
8.3 Growth in Commercial Sector
9 Market Growth Enablers
9.1 Expansion of Residential Sector
9.2 Rising Demand for Energy Efficiency
9.3 Investment In R&D Initiatives
10 Market Restraints
10.1 Impact of Covid-19 On Steel Prices
10.2 High Installation & Maintenance Costs for Commercial Water Heaters
10.3 Trade Conflicts Between Us & China
11 Market Landscape
11.1 Market Overview
11.1.1 Key Applications
11.2 Vendor Analysis
11.3 Market Size & Forecast
11.4 Five Forces Analysis
11.4.1 Threat of New Entrants
11.4.2 Bargaining Power of Suppliers
11.4.3 Bargaining Power of Buyers
11.4.4 Threat of Substitutes
11.4.5 Competitive Rivalry
12 Product Type
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 Gas & Oil
12.3.1 Market Overview
12.3.2 Market Size & Forecast
12.3.3 Market by Geography
12.4 Electric
12.4.1 Market Overview
12.4.2 Market Size & Forecast
12.4.3 Market by Geography
12.5 Heat Pump
12.5.1 Market Overview
12.5.2 Market Size & Forecast
12.5.3 Market by Geography
12.6 Solar
12.6.1 Market Overview
12.6.2 Market Size & Forecast
12.6.3 Market by Geography
13 Category
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Storage Water Heater
13.3.1 Market Overview
13.3.2 Market Size & Forecast
13.3.3 Market by Geography
13.4 Instant Water Heater
13.4.1 Market Overview
13.4.2 Market Size & Forecast
13.4.3 Market by Geography
14 Distribution Channel
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Offline
14.3.1 Market Overview
14.3.2 Consumer Electronics Retail Stores
14.3.3 Departmental Stores
14.3.4 Specialty Stores
14.3.5 Others
14.3.6 Market Size & Forecast
14.3.7 Market by Geography
14.4 Online
14.4.1 Market Overview
14.4.2 Direct Sales
14.4.3 Third-Party Sales
14.4.4 Market Size & Forecast
14.4.5 Market by Geography
15 End User
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Residential
15.3.1 Market Overview
15.3.2 Market Size & Forecast
15.3.3 Market by Geography
15.4 Commercial
15.4.1 Market Overview
15.4.2 Healthcare
15.4.3 Hospitality
15.4.4 Other Commercial End Users
15.4.5 Market Size & Forecast
15.4.6 Market by Geography
16 Geography
16.1 Market Snapshot & Growth Engine
16.2 Geographic Overview
17 Midwest
17.1 Market Overview
17.1.1 Illinois
17.1.2 Michigan
17.1.3 Ohio
17.2 Market Size & Forecast
17.3 Product Type
17.3.1 Market Size & Forecast
17.4 Category
17.4.1 Market Size & Forecast
17.5 End User
17.5.1 Market Size & Forecast
17.6 Distribution Channel
17.6.1 Market Size & Forecast
18 Northeast
18.1 Market Overview
18.1.1 New Jersey
18.1.2 New York
18.2 Market Size & Forecast
18.3 Product Type
18.3.1 Market Size & Forecast
18.4 Category
18.4.1 Market Size & Forecast
18.5 End User
18.5.1 Market Size & Forecast
18.6 Distribution Channel
18.6.1 Market Size & Forecast
19 South
19.1 Market Overview
19.1.1 Texas
19.1.2 Florida
19.2 Market Size & Forecast
19.3 Product Type
19.3.1 Market Size & Forecast
19.4 Category
19.4.1 Market Size & Forecast
19.5 End User
19.5.1 Market Size & Forecast
19.6 Distribution Channel
19.6.1 Market Size & Forecast
20 West
20.1 Market Overview
20.1.1 California
20.1.2 Washington
20.1.3 Utah
20.2 Market Size & Forecast
20.3 Product Type
20.3.1 Market Size & Forecast
20.4 Category
20.4.1 Market Size & Forecast
20.5 End User
20.5.1 Market Size & Forecast
20.6 Distribution Channel
20.6.1 Market Size & Forecast
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About Arizton Advisory & Intelligence
Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
Arizton has gained a paramount standpoint in the market research arena as it offers top of the line solutions to clients to assess market landscape and to finalize fool proof business strategies. We are committed to provide inclusive market research reports and consulting services to clients from diversified industries including –Consumer Goods & Retail Technology, Automotive and Mobility, Smart Tech, Healthcare and Lifesciences, Industrial Machinery, Chemicals and Materials, IT and Media, Logistics and Packaging
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Arizton Advisory & Intelligence
Chicago, Illinois, 60605
Mail: enquiry@arizton.com
Call: +1-312-235-2040/+1 302 469 0707
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