The Europe Gas Water Heater Market would witness market growth of 5.8% CAGR during the forecast period (2022-2028).
Burner exhaust gases pass through a hollow exhaust flue in the middle of the tank and rise to an exhaust vent. There is insulation between the inner storage tank and the exterior tank coat that is there to stop heat loss. A fiberglass insulation tank jacket that is placed on the outside of the gas water heater can be used as an additional layer of insulation.
The burner access panel as well as the flue cap at the top of the tank should not be blocked by them as they are cheap and simple to install. A gas pipe with its own gas shutoff valve is coupled to a gas pipe made of steel black pipe or copper tube to supply the gas or propane, which heats the water. It is essential to determine the location of this gas cutoff valve so the user can turn the gas off in case of an emergency or to conduct repairs. A gas regulator that has a thermostat for the gas water heater receives gas from a gas line.
Germany has the highest electricity prices all over Europe. Although the required support for renewable energy sources contributes to the high costs, the majority of consumers still support the nation's energy transition. The cost of power for individual families and small enterprises in Germany has increased despite a recent reduction in the average wholesale price of electricity. At the same time, government initiatives to reduce household financial burdens by decreasing levies and tariffs on consumption are being disturbed by the increase in energy prices across Europe.
The Germany market dominated the Europe Gas Water Heater Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $683.9 million by 2028. The UK market is experiencing a CAGR of 4.9% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 6.6% during (2022 - 2028).
Based on Product Type, the market is segmented into Instant and Storage. Based on Application, the market is segmented into Commercial, Residential, and Industrial. Based on Installation Type, the market is segmented into Indoor and Outdoor. Based on Fuel Type, the market is segmented into LPG and Natural Gas. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Gas Water Heater Market will Hit $10.4 Billion by 2028, at a CAGR of 6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH (Bosch Thermotechnology Corporation), A. O. Smith Corporation, Haier Smart Home Co., Ltd. (Haier Group Corporation), Lennox International, Inc., Rheem Manufacturing Company, Ariston Holding N.V., BDR Thermea Group, and Bradford White Corporation.
By Product Type
By Application
By Installation Type
By Fuel Type
By Country
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