LAMEA Gas Water Heater Market Size, Share & Industry Trends Analysis Report By Product Type, By Application (Commercial, Residential, and Industrial), By Installation Type (Indoor and Outdoor), By Fuel Type, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Gas Water Heater Market would witness market growth of 8.3% CAGR during the forecast period (2022-2028).
LPG is one of the finest replacements for conventional electric water heaters, which consume far more energy than necessary to heat water. LPG is specifically designed for use in gas water heaters to quickly heat the water needed at any given time. The market is expanding as a result of the rising demand for convenience and on-demand hot water amenities in five-star hotels and other recreational facilities.
Extreme and unfavorable weather patterns across many different regions, coupled with the availability of numerous government incentives, are expected to accelerate market expansion. Another important element propelling the expansion of the gas water heater market is the accessibility of LPG cylinders for refueling. Construction, pharmaceutical, food and beverage, power, and agricultural industries all utilize water heaters, which is expected to drive the industry's expansion. Water heaters are used for producing steam, preventing frost, and heating water in the construction sector.
The center and southern regions of Argentina are frigid with regular frost and snowfall in winter. The surrounding oceans in the southern regions of the country temper the climate, resulting in colder weather that is less intense and lasts shorter periods of time than at equivalent latitudes within the northern hemisphere. The country's northern regions average 14 °C (57 °F), while the middle regions have colder average temperatures of 10 °C (50 °F). Average temperatures in the extreme south are below 4 °C (39 °F). Average winter temperatures in the Andes are below 0 °C (32 °F) at higher altitudes.
The Brazil market dominated the LAMEA Gas Water Heater Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $157.9 million by 2028. The Argentina market is experiencing a CAGR of 8.9% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 8% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Gas Water Heater Market is Predict to reach $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.
Scope of the Study
Market Segments Covered in the Report:
By Product Type
By Installation Type
By Fuel Type
- Natural Gas
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- 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
- Bradford White Corporation
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