Gas Storage Water Heaters Market
Gas Storage Water Heaters Market Global Industry Assessment & Forecast
#
Pages:
169
2021
Nov - 2021
VMR-2021-0848
Segments Covered
By
Product Small, Medium, Large
-
By
Application Residential, Commercial, Other
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
8.25 Billion |
 Revenue 2028:
|
13.87 Billion |
 Revenue CAGR
(2021 - 2028): |
6.71 |
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
FAQ
Frequently Asked Question
What is the global demand for Gas Storage Water Heaters in terms of revenue?
-
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%.
Which are the prominent players in the market?
-
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..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 6.71% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
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.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Gas Storage Water Heaters in 2020.
