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Commercial Storage Water Heater Market Share
European manufacturers are continuously innovating and developing advanced storage water heater technologies to meet the evolving needs of commercial customers. These advancements include improvements in insulation, corrosion resistance, energy efficiency, and integration with building management systems. Industry associations, trade organizations, and research institutions in the region collaborate to promote best practices in commercial water heating and disseminate information on the benefits of storage water heaters.
Commercial Storage Water Heater Market Companies
Eminent players operating in the commercial storage water heater industry are:
- American Standard Water Heaters
- A.O. Smith
- Aquamax Australia
- Bradford White Corporation
- GE Appliances
- Racold
- Reece Ltd.
- Rheem Manufacturing Company
- State Industries
- Saudi Ceramic Company
- Westinghouse Electric Corporation
Why is the demand for electric commercial storage water heaters growing?
The electric segment in the commercial storage water heater market will exceed USD 4.6 billion by 2032, owing to increasing energy costs and environmental concerns coupled with features including remote monitoring.
What is the size of the commercial storage water heater market?
The market size of commercial storage water heater was reached USD 6.01 billion in 2023 and is anticipated to grow at 6.8% CAGR through 2032, driven by the increasing focus on energy efficiency and sustainability.
How big is the Europe commercial storage water heater industry?
Europe commercial storage water heater market will cross USD 2.8 billion by 2032, attributed to the introduction of financial incentives, rebates, or grants to encourage the adoption of energy-efficient storage water heaters in commercial establishments.
Mention the key players involved in commercial storage water heater industry?
American Standard Water Heaters, A.O. Smith, Aquamax Australia, Bradford White Corporation, GE Appliances, Racold, Reece Ltd., Rheem Manufacturing Company, State Industries, Saudi Ceramic Company, and Westinghouse Electric Corporation.