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The global Commercial Water Heaters market was valued at US$ 5931.2 million in 2022 and is projected to reach US$ 8407.4 million by 2029, at a CAGR of 5.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Water heating is a heat transfer process that uses an energy source to heat water above its initial temperature. Typical domestic uses of hot water include cooking, cleaning, bathing, and space heating. In industry, hot water and water heated to steam have many uses.
This report aims to provide a comprehensive presentation of the global market for Commercial Water Heaters, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Commercial Water Heaters. This report contains market size and forecasts of Commercial Water Heaters in global, including the following market information:

• Global Commercial Water Heaters Market Revenue, 2018-2023, 2024-2030, ($ millions)
• Global Commercial Water Heaters Market Sales, 2018-2023, 2024-2030, (K Units)
• Global top five Commercial Water Heaters companies in 2022 (%)

End-users in the commercial and residential sectors are seeking methods to save expense on energy costs. Increasing tourism across the world is also inducing the hospitality sector, including hospitals, hotels, and airports, to build a resource-efficient business model. As a result, the hospitality industry has become a significant end-user of water heaters that help in saving costs.
We surveyed the Commercial Water Heaters manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Commercial Water Heaters Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global Commercial Water Heaters Market Segment Percentages, by Type, 2022 (%)

• Electric Water Heater
• Gas Water Heater
• Solar Water Heater

Global Commercial Water Heaters Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global Commercial Water Heaters Market Segment Percentages, by Application, 2022 (%)

• College
• Offices
• Government
• Others

Global Commercial Water Heaters Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global Commercial Water Heaters Market Segment Percentages, By Region and Country, 2022 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

• Key companies Commercial Water Heaters revenues in global market, 2018-2023 (Estimated), ($ millions)
• Key companies Commercial Water Heaters revenues share in global market, 2022 (%)
• Key companies Commercial Water Heaters sales in global market, 2018-2023 (Estimated), (K Units)
• Key companies Commercial Water Heaters sales share in global market, 2022 (%)

Further, the report presents profiles of competitors in the market, key players include:

• A. O. Smith Corp.
• Bradford White Corp.
• Haier Electronics Group Co. Ltd.
• Midea Group Co. Ltd.
• Rinnai Corp
• Ferroli
• Bosch Thermotechnology

Outline of Major Chapters:

Chapter 1: Introduces the definition of Commercial Water Heaters, market overview.
Chapter 2: Global Commercial Water Heaters market size in revenue and volume.
Chapter 3: Detailed analysis of Commercial Water Heaters manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Commercial Water Heaters in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Commercial Water Heaters capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.