U.S. Commercial Water Heater Market Analysis

U.S. Commercial Water Heater Market Analysis

The U.S. instant commercial water heater market is estimated to attain a 13% growth rate till 2030. Ongoing requirement for the refurbishment of traditional units with on-demand water heating systems will enhance the demand instant water heaters. Efficient operation, quick functioning, compact size and low-power consumption are some of the main attributes which will foster the product landscape. Furthermore, ongoing investments toward the development of green building infrastructure in line with rising consumer shift for the acceptance of high-capacity systems will drive the business growth.
 

250 - 400 Liters capacity commercial water heater market is anticipated to grow on account of the favorable government regulations and norms toward the utilization of highly efficient systems across commercial establishments. For instance, in May 2022, the U.S. Department of Energy (DOE) proposed a new standard for commercial water heating equipment. The new standard will incorporate a condensing technology, therefore reducing energy consumption across commercial water heaters. In addition, substantial upgradation in the living standards will positively influence the business scenario.
 

The gas based commercial water heaters market is predicted to surge by a CAGR of over 7% by 2030. This growth is attributed to the rising usage of low-emission systems coupled with growing accessibility to piped natural gas with sufficient resources across the region. Reduced bills because of continuous acceptance of natural gas-based heating systems across end-users have proliferated the product adoption. In addition, the robust growth of advanced units with low NOx emissions will sway the business outlook.
 

The application of commercial water heaters in colleges/universities will witness a robust growth due to a growing focus on the development of educational facilities with the installation of innovative heating units. High efficiency, safe operation, easy installation in line with simple designs will led to the product penetration. Additionally, the compact size and cost-effective heating services have complemented the increased installation of these systems across small commercial facilities which will propel the industry dynamics.
 

The U.S. North East region commercial water heater market is poised to register a significant gains during the forecast period. This growth is credited to the ability of these units to maintain a continuous hot water supply across commercial establishments. Growing inclination for the advancement of commercial facilities along with a continuous increase in disposable income will spur the market expansion. A paradigm shift toward the adoption of clean and effective systems with the advantage of high operational feasibility across end-users will fuel the market trend.