North America Gas Water Heater Market

North America 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

Report Id: KBV-10725 Publication Date: August-2022 Number of Pages: 69
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Market Report Description

The North America Gas Water Heater Market would witness market growth of 5.1% CAGR during the forecast period (2022-2028).

A gas regulator assembly positioned on the water heater's side controls the gas burner, which heats the water. This component contains a thermostat that monitors the temperature of the water within the tank and switches the burner on and off as necessary to keep the water at the desired temperature. Exhaust gases can go up via the tank and out of the home through a chimney or vent pipe with an exhaust flue that runs through the middle of the tank.

To increase the effectiveness of the appliance, the hollow vent is equipped with a spiral steel baffle that collects heat and transfers it to the nearby water. The conventional tank-type gas water heater's brilliant simplicity is made clear by a detailed inspection of each component by several companies and researchers. A steel outer coat that encompasses a pressure-tested water storage tank makes up the water heater's tank. A vitreous plastic or glass covering is connected to the interior surface of this inner tank's high-quality steel construction to avoid rusting.

The temperature in Canada and the United States are very low. With the lowest temperature ever recorded at 63.0 °C (81.4 °F) in Snag, Yukon in 1947, Canada is the coldest nation in North America. There are spots in Canada's north that experience high summer temperatures, despite the fact that many of these locations are rather cold or temperate year-round. Fort Smith, Lytton and Lillooet, Bassano Dam in Alberta are a few additional cold locations in Canada where historically low temperatures have been recorded.

The US market dominated the North America Gas Water Heater Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,148.6 million by 2028. The Canada market is poised to grow at a CAGR of 7.5% during (2022 - 2028). Additionally, The Mexico market would witness 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 U.S., Mexico, Canada, and Rest of North America.

Free Valuable Insights: The Global Gas Water Heater Market is Estimated 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

  • Instant
  • Storage

By Application

  • Commercial
  • Residential
  • Industrial

By Installation Type

  • Indoor
  • Outdoor

By Fuel Type

  • LPG
  • Natural Gas

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America

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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