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Gas Storage Water Heaters Market

Gas Storage Water Heaters Market

Gas Storage Water Heaters Market Global Industry Assessment & Forecast

# Pages:


Base Year:


Nov - 2021


Report Code:


Segments Covered
  • By Product Small, Medium, Large
  • By Application Residential, Commercial, Other
Forecast YearsForecast Years: 2021 - 2028
Historical YearsHistorical Years: 2016 - 2020
Revenue 2021Revenue 2021: 8.25 Billion
Revenue 2028Revenue 2028: 13.87 Billion
Revenue CAGRRevenue CAGR (2021 - 2028): 6.71
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst

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.

Global Gas Storage Water Heaters Market: Product Segment Analysis

    • Small
    • Medium
    • Large

Global Gas Storage Water Heaters Market: Application Segment Analysis

    • Residential
    • Commercial
    • Other
Frequently Asked Question
  • The global Gas Storage Water Heaters valued at 8.25 Billion in 2020 and is expected to reach 13.87 Billion in 2028 growing at a CAGR of 6.71%.

  • The prominent players in the 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..

  • The market is project to grow at a CAGR of 6.71% between 2021 and 2028.

  • The driving factors of the Gas Storage Water Heaters include

    • 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.

  • Asia Pacific was the leading regional segment of the Gas Storage Water Heaters in 2020.