Commercial Water Heaters Market: Market Segments: By Type (Electric, Gas, Oil, Heat Pump, Solar, Hybrid & Others); By Liter (Below 500, 500-1,000, 1,000-3,000, 3,000-4,000 & More); By Rated Capacity (Up to 10kW, 10-50kW, 50-150kW and more); and Region – Global Analysis by Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030

Product Overview

Water heater is an electric device which is used for various purposes to heat water. There are different kinds of water heaters that are used in households, storage heaters, and electric heaters, such as electric rods. Vital features that make water heaters available are energy efficiency and compact size. Electric geysers have gained significant popularity for home use.

Market Highlights

Commercial Water Heaters Market is expected to project a notable CAGR of 5.7% in 2030.

Commercial Water Heaters Market to surpass USD 8.7 billion by 2030 from USD 4.8 billion in 2019 at a CAGR of 5.7% throughout the forecast period, i.e., 2020-30. Increased demand for hot water, mainly from hospitals and hotels, is expected to fuel market growth. In addition, increased use of the commodity is likely to boost demand for water heaters in various manufacturing industries, such as the food and beverage processing and chemical industries.

Commercial Water Heaters Market: Segments

Solar water heaters segment to grow with the highest CAGR of 4.1% during 2020-30

Commercial Water Heaters Market is segmented by type as Electric, Gas, Oil, Heat Pump, Solar, Hybrid & Others. Based on type electric segment is the largest segment of the market for commercial water heaters. Electric water heaters give extremely high efficiency in operations. In Asia Pacific, they are primarily used because countries such as China, India, South Korea and Japan are focused on reducing their carbon footprint as a result of the use of fossil fuels.

Commercial Water Heaters Market: Market Dynamics

Drivers

Flourishing Global Commercial Sector

Commercial sector consists of services such as institutional living quarters, medical facilities, hotels, restaurants, business complexes, shopping malls, and community and public places play an important role in the global GDP of the world's developed and emerging economies. Similarly, the European Union has laid down a roadmap for new hospitals and primary health facilities in the region to be developed.

Restrain

High Capital Expenditure

There are a range of precautionary steps taken by main producers of these heaters to ensure their proper functioning over the years. High-grade processes and materials are used by manufacturers of industrial water heaters, as well as requiring skilled labour and specialized equipment to produce them, adding to their rising production costs. Some manufacturers also sell personalized goods with site-specific specifications for customers that increase the cost of producing water heaters.

Commercial Water Heaters Market: Key Players

• Midea Group

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis.

• A.O. Smith Corporation

• Daikin

• Rinnai Corporation

• Danfoss

• Mitsubishi Electric

• Nibe Energy Systems

• Johnson Controls-Hitachi Air Conditioning

• Bosch Industries

• Viessmann

• Vaillant

• Rheem Manufacturing Company

• American Water Heaters

• Bradford White

• Ariston Thermo Group

Commercial Water Heaters Market: Regions

Commercial Water Heaters Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.

Commercial Water Heaters Market in Asia Pacific held the largest market share of XX.X% in the year 2019 and is anticipated to continue its dominance over the forecast period. Economic growth across countries such as China and India are expected to increase demand for water heaters over the forecast period, combined with the growing availability of gas and electricity across rural areas. The European market for water heaters is predicted to see a 3.2% CAGR over the forecast period. This rise can be attributed to the increasing demand from different commercial and industrial end-users for superior and efficient water heaters. Furthermore, due to severe cold weather in the area, the need for hot water to meet the necessary environmental conditions is likely to fuel the demand for the commodity. In addition, the region's well-established industrial infrastructure is expected to strengthen the demand for water heaters, thereby growing regional market growth.

Commercial Water Heaters Market report also contains analysis on:

Commercial Water Heaters Market Segments:

By Type:

• Electric

• Oil

• Gas

• Solar

• Hybrid

• Heat Pump

• Others

By Liter:

• Below 500 Liters

• 500‒1,000 Liters

• 1,000‒3,000 Liters

• 3,000‒4,000 Liters

• Above 4,000 Liters

By Rated Capacity:

• Up to 10kW

• 10‒50kW

• 50‒150kW

• 150‒300kW

• Above 300kW

• Commercial Water Heaters Market Dynamics

• Commercial Water Heaters Market Size

• Supply & Demand

• Current Trends/Issues/Challenges

• Competition & Companies Involved in the Market

• Value Chain of the Market

• Market Drivers and Restraints

FAQs on Commercial Water Heaters Market

· Which segment is anticipated to hold the largest market share

· At what CAGR is the market anticipated to grow between 2020 and 2030

· Who are the key players in the Commercial Water Heaters Market

· What could be the challenging factors in the growth of Commercial Water Heaters Market

· What are the growth drivers for the Commercial Water Heaters Market

Contents

1. Executive Summary

2. Commercial Water Heaters Market

2.1. Product Overview

2.2. Market Definition

2.3. Segmentation

2.4. Assumptions and Acronyms

3. Research Methodology

3.1. Research Objectives

3.2. Primary Research

3.3. Secondary Research

3.4. Forecast Model

3.5. Market Size Estimation

4. Average Pricing Analysis

5. Macro-Economic Indicators

6. Market Dynamics

6.1. Growth Drivers

6.2. Restraints

6.3. Opportunity

6.4. Trends

7. Correlation & Regression Analysis

7.1. Correlation Matrix

7.2. Regression Matrix

8. Recent Development, Policies & Regulatory Landscape

9. Risk Analysis

9.1. Demand Risk Analysis

9.2. Supply Risk Analysis

10. Commercial Water Heaters Analysis

10.1. Porters Five Forces

10.1.1. Threat of New Entrants

10.1.2. Bargaining Power of Suppliers

10.1.3. Threat of Substitutes

10.1.4. Rivalry

10.2. PEST Analysis

10.2.1. Political

10.2.2. Economic

10.2.3. Social

10.2.4. Technological

11. Commercial Water Heaters Market

11.1. Market Size & forecast, 2019A-2030F

11.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12. Commercial Water Heaters: Market Segmentation

12.1. By Regions

12.1.1. North America:

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.2. Europe:

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.3. Asia-Pacific:

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.4. MEA:

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.5. Latin America:

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2. By Type: Market Share (2020-2030F)

12.2.1. Electric, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.2. Oil, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.3. Gas, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.4. Solar, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.5. Hybrid, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.6. Heat Pump, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.7. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3 By Liter: Market Share (2020-2030F)

12.3.1. Below 500 Liters, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.2. 500‒1,000 Liters, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.3. 1,000‒3,000 Liters, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.4. 3,000‒4,000 Liters, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.5. Above 4,000 Liters, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4 By Rated Capacity: Market Share (2020-2030F)

12.4.1. Up to 10kW, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.2. 10‒50kW, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.3. 50‒150kW, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.4. 150‒300kW, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.5. Above 300kW, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

13. Company Profile

13.1.1. Midea Group

13.1.2. Company Overview

13.1.3. Company Total Revenue (Financials)

13.1.4. Market Potential

13.1.5. Global Presence

13.1.6. Key Performance Indicators

13.1.7. SWOT Analysis

13.1.8. Product Launch

13.2. Rinnai Corporation

13.3. Danfoss

13.4. Mitsubishi Electric

13.5. Nibe Energy Systems

13.6. Johnson Controls-Hitachi Air Conditioning

13.7. Bosch Industries

13.8. Viessmann

13.9. Rheem Manufacturing Company

13.10. American Water Heaters

13.11. Bradford White

13.12. Ariston Thermo Group

13.13. Jinyi Solar Water Heater

13.14. Bock Water Heaters

13.15. Stiebel Eltron

14 Consultant Recommendation

**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)