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North America Gas Water Heater Market Share

Report ID: GMI7273
Published Date: Oct 2024
Report Format: PDF

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North America Gas Water Heater Market Share

North America Gas Water Heater Company Market Share

The competitive landscape for the gas water heater industry in North America is shaped by a combination of leading manufacturers, technological advancements, regulatory standards, and customer preferences. Leading players partner with large retailers such as Home Depot, Lowe’s, and Menards for wide consumer reach and strengthen the market presence ensuring that products are accessible to various customer segments. Companies like Rinnai offer online support and installation services, making it easier for consumers to access products and information without intermediaries.

North America Gas Water Heater Market Companies

Eminent players operating in the North America gas water heater industry are:

A. O. Smith
American Water Heater
Ariston Thermo USA
BDR Thermea Group
Bosch Thermotechnology
Bradford White Corporation
GE Appliances
Haier
Havells India
Hubbell Heaters
Lennox International
Noritz Corporation
Parker Boiler Company
Rheem Manufacturing Company
Rinnai America Corporation
State Industries
Westinghouse Electric Corporation

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of North America gas water heater was reached USD 2.3 billion in 2023 and is estimated to grow at a 6.4% CAGR from 2024 to 2032, driven by stricter energy efficiency regulations.

The commercial segment is projected to surpass USD 1 billion by 2032, due to the demand for reliable and cost-effective heating solutions in hotels and resorts.

The 100-250 liters gas water heaters segment is anticipated to grow at over 6% CAGR through 2032, owing to their capacity to supply sufficient hot water for daily needs while reducing fuel consumption.

The U.S. gas water heater market is predicted to hit USD 3 billion by 2032, driven by enhanced efficiency, reduced operating costs, and integration with smart home systems.

Key players in the industry include A. O. Smith, American Water Heater, Ariston Thermo USA, BDR Thermea Group, Bosch Thermotechnology, Bradford White Corporation, GE Appliances, Haier, Havells India, Hubbell Heaters, Lennox International, Noritz Corporation, Parker Boiler Company, Rheem Manufacturing Company, Rinnai America Corporation, State Industries, and Westinghouse Electric Corporation.