The Commercial Water Heaters market size is projected to reach a CAGR of 6.2% from 2021 to 2028.
Commercial Water Heaters are similar to the residential water heaters in the fact that both are used for the process of heating of stored water. But to a difference commercial water heaters can heat the water at an exponential rate and can also handle a larger amount of water than the residential one. These have an average life of about 10-15 years.
Raised investments in the sector along with the urgent need of on-demand heating devices are some of the factors that have supported long-term expansion for Commercial Water Heaters Market.
COVID-19 had a negative effect on the market, as the global supply chains were disrupted.
North America is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the presence of key players in the region.
Insights are provided for each region and major countries within the regions
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Report Feature |
Descriptions |
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Growth Rate |
CAGR of 6.2% during the forecasting period, 2021-2028 |
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Historical Data |
2018-2019 |
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Forecast Years |
2021-2028 |
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Base Year |
2020 |
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Units Considered |
Revenue in USD billion and CAGR from 2021 to 2028 |
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Report Segmentation |
into product type, storage capacity, application and region. |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
Commercial Water Heater Market report summaries detailed information by top playesr as Watts Water Technology Inc., AO Smith, Rannai Corporation, Rotoplas, Xylem. |
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Available Customization |
In addition to the market data for Commercial Water Heaters Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Commercial Water Heaters Market is segmented into product type, storage capacity, application and region.
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