Gas Storage Water Heaters Market

The global Gas Storage Water Heaters market was valued at USD 8.25 Billion in 2020 and is projected to reach USD 13.87 Billion by 2028, growing at a CAGR of 6.71% from 2021 to 2028.

Storage gas hot water systems use a gas burner located underneath the storage tank to heat the water.

This report provides an analysis of the Gas Storage Water Heaters market for the historic period of 2016–2019 and forecasts for 2021–2028 while 2020 is considered as a base year for estimations. The report includes exhaustive analysis of segments, regions and countries comprising of market size and estimations in terms of revenue for the years 2016–2028. There regional section of the report is bifurcated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Moreover, the report also covers a thorough insights on various tools such as SWOT analysis, PEST analysis, value chain analysis, Porter’s five forces analysis, pricing analysis, and technology roadmap among others. These assessments aid the industry stakeholders to analyze the Gas Storage Water Heaters market on the basis of different parameters, such as forward/backward integration, economies of scale, the share of various distribution channels, various factors affecting consumer behavior such as brand loyalty, price, and product availability among others, capital investments, regulatory landscape, production rights and patents, promotional strategies, and other customer preferences. This data is likely to help the industry stakeholders and stimulate the decision-making process.

The COVID-19 outbreak has affected various industries worldwide. The Gas Storage Water Heaters market is no exception. Governments across the world took severe actions like border seals, lockdown, and implementing strict social distancing measures, in order to stop swift spread of COVID-19. These actions led to severe impact on the global economy. Industrialist across the globe were forced to halt their production, leading to supply chain disruptions and impairing of various industries. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long-term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

The report covers exhaustive analysis on the global Gas Storage Water Heaters industry, which includes market trends, drivers, restraints, opportunities, segmental analysis, regional trends, and competitive landscape among others. It includes an extensive competitive landscape covering key players in the industry and their comparative study on the basis of different parameters such as company overview, product portfolio, market revenue, business, and marketing strategies. Moreover, the report covers a thorough analysis drivers, restraints, and opportunities considering regional growth factors, technological advancements, and availability of substitute, regulatory norms, and such other growth impacting factors.

The growing need to address the hot water requirements across both residential and commercial buildings along with rising demand from off-grid areas will augment the business growth thus creating a huge demand for the gas storage water heaters market during the forecast period.

The rapid urbanization and increasing demand for energy efficient systems along with advancing product customization is further expected to fuel the growth of the gas storage water heaters market in the years to come. 

The high installation cost, availability of counterpart and high energy consumption requirements is expected to hamper the growth of the gas storage water heaters market over the forecast period.

The report delivers an acute breakdown of the market based on various segments such as Product, Application, and region. The report will cover market estimations and forecast for each segment by region for the years 20156–2028. Several growth factors and opportunities impacting various segments have been incorporated in the report.

On the basis of Product, the market is divided into Small, Medium, Large,. Small held the largest share in 2020 and is projected to witness substantial growth during the forecast period.

Based on Application, the market is divided into Residential, Commercial, Other,. Commercial attributed to the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.

Based on the geography, the global Gas Storage Water Heaters market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The regional analysis covers market estimations and forecast for each segment for each region for the years 2016–2028. The regional analysis section also provides qualitative analysis comprising of regional trends such as drivers, restraints, opportunities and regulatory norms. Moreover, the regional sections if further bifurcated into key country level markets for better understanding of the market. 

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

The global Gas Storage Water Heaters market report provides an exhaustive competitive landscape to give a comprehensive synopsis of the global market. Major players in the Gas Storage Water Heaters market are Bradford White Corporation, Noritz Corporation, Stiebel Eltron, Rinnai, Rheem, Electrolux, Bosch, Reliance Water Heater Company, A.O. Smith Corporation, Rinnai, Crompton Greaves Ltd, Midea Group, Heat Transfer Products Inc, Eccotemp Systems, Atmor.. This section of the report comprising of a thorough profiling of companies based on various parameters such as company/business overview, portfolio analysis, business strategies, financial performance, geographical presence, and recent developments among others. Moreover, the report also includes extensive information on key strategies such as new product development/launch, merger & acquisitions, partnerships, collaborations & joint ventures, research & development, and regional expansion.