Commercial Water Heaters Market Trend Analysis, Latest Revenue Figures, Growth Insights and forecast to 2028

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Commercial Water Heaters Market by Type, by Liter, by Rated Capacity, and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Commercial Water Heaters Market Growth Trend & Forecast with latest research study released by Delvens evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global Commercial Water Heaters market.

The Commercial Water Heaters market size is projected to reach a CAGR of 6.2% to 2028.

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Commercial Water Heaters are similar to the residential water heaters in the fact that both are used for the process of heating of stored water. But to a difference commercial water heater can heat the water at an exponential rate and can also handle a larger amount of water than the residential one. These have an average life of about 10-15 years.

Raised investments in the sector along with the urgent need of on-demand heating devices are some of the factors that have supported long-term expansion for Commercial Water Heaters Market.

Regional Analysis

North America is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the presence of key players in the region.

Key Players

·        A.O. Smith Corporation

·        American Water Heaters

·        Ariston Thermo Group

·        Bock Water Heaters, Inc.

·        Bosch Industries

·        Bradford White

·        Daikin Industries, Ltd.

·        Danfoss A/S

·        Giant Manufacturing Co. Ltd.

·        Jinyi Solar Water Heater

·        Johnson Controls-Hitachi Air Conditioning

·        Midea Group

·        Mitsubishi Electric Corporation and More

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Recent Developments

In June 2021 Bradford White Corporation completely acquired Keltech with an aim to expand its portfolio in commercial & industrial electric products.

Commercial Water Heaters Market is segmented into product type, storage capacity, application and region.

On the basis of Capacity

·        < 30 Liters

·        30 - 100 Liters

·        100 - 250 Liters

·        250 - 400 Liters

Ø  400 Liters

On the basis of Application

·        College/University

·        Offices

·        Government/Military

·        Others

On the basis of Region

·        Asia Pacific

·        North America

·        Europe

·        South America

·        Middle East & Africa

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In addition to the market data for Commercial Water Heaters Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.

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