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North America Instant Water Heater Market Share

Report ID: GMI9830
Published Date: Nov 2024
Report Format: PDF

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North America Instant Water Heater Market Share

North America Instant Water Heater Company Market Share

Several established brands and emerging players dominate the North American market for instant water heaters. Major players are vying for market share by offering energy-efficient, eco-friendly, and technologically advanced products. Companies investing in consumer education and offer clear, transparent pricing and installation options are likely to see strong growth. Favorable government policies, a rising adoption of solar energy, and advancements in solar tracking technologies bolster these ventures. Collaborations among manufacturers, tech firms, energy providers, and regulatory bodies fuel innovation, boost efficiency, and elevate consumer adoption.

North America Instant Water Heater Market Companies

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

A. O. Smith
Bosch Thermotechnology Corp.
Bradford White Corporation
GE Appliances
Hubbell Heaters
Haier Inc.
Navien Inc.
Rinnai Corporation
Rheem Manufacturing Company
Whirlpool Corporation

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The North American market for instant water heater was reached USD 191.8 million in 2024 and is estimated to grow at a 5.3% CAGR from 2025 to 2034, driven by stringent clean energy targets and a rising focus on energy-efficient equipment.

The commercial segment is anticipated to exceed USD 53 million by 2034, as businesses seek to reduce energy consumption and lower energy bills through higher efficiency ratings.

The gas segment is projected to witness a CAGR of over 6% through 2034, led by the growing preference for natural gas in regions where it is more affordable than electricity.

The U.S. instant water heater market is likely to exceed USD 225 million by 2034, supported by incentive programs, rebates, and the integration of advanced features like Wi-Fi and app controls.

Key players in the industry include A. O. Smith, Bosch Thermotechnology Corp., Bradford White Corporation, GE Appliances, Hubbell Heaters, Haier Inc., Navien Inc., Rinnai Corporation, Rheem Manufacturing Company, and Whirlpool Corporation.