Press release
Commercial Gas Water Heater Research:CAGR of 4.8% during the forecast period
The global market for Commercial Gas Water Heater was estimated to be worth US$ 4945 million in 2024 and is forecast to a readjusted size of US$ 6834 million by 2031 with a CAGR of 4.8% during the forecast period 2025-2031.
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Commercial Gas Water Heater Market Summary
Commercial gas water heaters are hot water equipment designed for commercial use and are widely used in hotels, restaurants, bath centers, hospitals, schools and other places. Gas volumetric water heaters (some are also called vertical hot water boilers) refer to equipment that uses gas as energy, heats a certain volume of cold water stored in the inner tank through the heat generated by gas combustion, and stores the water in the inner tank after it reaches a predetermined temperature to meet the requirements of domestic hot water and heating. Gas water heaters use gas as energy, heat water through the heat generated by gas combustion, and make the water temperature meet the requirements of life, heating, production technology, etc. Gas instant water heaters are generally suitable for places with scattered water points, small water consumption, short water use time, and low comfort.
According to the new market research report "Global Commercial Gas Water Heater Market Report 2024-2030", published by QYResearch, the global Commercial Gas Water Heater market size is projected to grow from USD 4,477 million in 2023 to USD 6,550 million by 2030, at a CAGR of 4.8% during the forecast period.
Global Commercial Gas Water Heater MarketSize(US$ Million), 2019-2030
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Above data is based on report from QYResearch: Global Commercial Gas Water Heater Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.
Global Commercial Gas Water Heater Top24Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
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Above data is based on report from QYResearch: Global Commercial Gas Water Heater Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.
This report profiles key players of Commercial Gas Water Heater such as A. O. Smith (including State etc)，Rinnai，Paloma (including Rheem etc)，Midea and Ariston Thermo.
In 2023, the global top five Commercial Gas Water Heater players account for 37.42% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Commercial Gas Water Heater.
Commercial Gas Water Heater,Global Market Size, Split by Product Segment
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Based on or includes research from QYResearch: Global Commercial Gas Water Heater Market Report 2024-2030.
In terms of product type, Volumetric Type is the largest segment, hold a share of 68%,
In terms of product application, Hotel and Apartment is the largest application, hold a share of 28%,
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
The Commercial Gas Water Heater market is segmented as below:
By Company
O. Smith (including State etc)
Rinnai
Paloma (including Rheem etc)
Midea
Ariston Thermo
Haier
Whirlpool
Noritz
Gree
Bosch
Bradford White
Navien
American Standard
Purpose Co
Intellihot
Thermann
Macro (Guangdong Shunna Electric)
Shanghai OTT Electrical
Guangdong Vanward New Electric
Guangdong Jianggong Electric
Ferroli
Fangkuai Boiler
Guangdong Shengduyangguang
Foshan Soopoen
Segment by Type
Volumetric Type
Instant Type (Tankless Type)
Segment by Application
Hotel and Apartment
Catering Service
School
Office Building
Hospital
Gym
Government
Others
Each chapter of the report provides detailed information for readers to further understand the Commercial Gas Water Heater market:
Chapter 1: Introduces the report scope of the Commercial Gas Water Heater report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2020-2031)
Chapter 2: Detailed analysis of Commercial Gas Water Heater manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2020-2025)
Chapter 3: Provides the analysis of various Commercial Gas Water Heater market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2020-2031)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2020-2031)
Chapter 5: Sales, revenue of Commercial Gas Water Heater in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2020-2031)
Chapter 6: Sales, revenue of Commercial Gas Water Heater in country level. It provides sigmate data by Type, and by Application for each country/region.(2020-2031)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2020-2025)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Benefits of purchasing QYResearch report:
Competitive Analysis: QYResearch provides in-depth Commercial Gas Water Heater competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.
Industry Analysis: QYResearch provides Commercial Gas Water Heater comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.
and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.
Market Size: QYResearch provides Commercial Gas Water Heater market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.
Other relevant reports of QYResearch:
Global Commercial Gas Water Heater Market Research Report 2025
Global and Japan Commercial Gas Water Heater Market Report & Forecast 2024-2030
Commercial Gas Water Heater- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Commercial Gas Water Heater Market Insights, Forecast to 2030
Global Commercial Gas Water Heater Market Research Report 2024
Commercial Gas Water Heater - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Volumetric Commercial Gas Water Heater Market Insights, Forecast to 2030
Global Volumetric Commercial Gas Water Heater Market Research Report 2024
Global and China Volumetric Commercial Gas Water Heater Market Report & Forecast 2024-2030
Volumetric Commercial Gas Water Heater- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Commercial Gas Water Heater Market Report, History and Forecast 2018-2029, Breakdown Data by Manufacturers, Key Regions, Types and Application
Global Commercial Gas Water Heater Market Research Report 2023
Global Commercial Gas Water Heater Market Insights, Forecast to 2029
Global Commercial Gas Water Heater Industry Research Report, Growth Trends and Competitive Analysis 2023-2029
Global and United States Commercial Gas Water Heater Market Report & Forecast 2022-2028
United States Commercial Gas Water Heater Market Report & Forecast 2021-2027
About Us：
QYResearch founded in California, USA in 2007, which is a leading global market research and consulting company. Our primary business include market research reports, custom reports, commissioned research, IPO consultancy, business plans, etc. With over 18 years of experience and a dedicated research team, we are well placed to provide useful information and data for your business, and we have established offices in 7 countries (include United States, Germany, Switzerland, Japan, Korea, China and India) and business partners in over 30 countries. We have provided industrial information services to more than 60,000 companies in over the world.
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