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North America Residential Gas Storage Water Heater Market Size
- Report ID: GMI8673
- Published Date: Mar 2024
- Report Format: PDF
North America Residential Gas Storage Water Heater Market Size
North America Residential Gas Storage Water Heater Market was valued USD 7.13 billion in 2023 and is anticipated to grow at a CAGR of 6.2% from 2024 to 2032. A water heater is a device used to heat water for various purposes, including domestic hot water supply, space heating, and industrial processes. It typically consists of a tank or reservoir where water is heated and stored until needed.
Improved energy efficiency of gas storage water heaters to meet increasingly stringent energy efficiency standards and regulations will stimulate the business landscape. advancements in insulation, burner technology, and heat recovery systems, resulting in higher efficiency ratings and lower operating costs for consumers will fuel the industry growth. Furthermore, key factors including lower upfront costs, reliability, durability, and long-term performance along with simplicity of installation will augment the product installation.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| North America Residential Gas Storage Water Heater Market Size in 2023: | USD 7.13 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 6.2% |
| 2032 Value Projection: | USD 12.19 Billion |
| Historical Data for: | 2019 - 2022 |
| No. of Pages: | 159 |
| Tables, Charts & Figures: | 205 |
| Segments covered: | Capacity, Fuel, Power, Air mix type and Country |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
North America Residential Gas Storage Water Heater Market Scope
