North American water heater market is anticipated to grow at a CAGR 4.7% during the forecast period. North American water heater market has been continuously growing attributed to high demand for heating appliances owing to the cold weather condition. Additionally, El Niño/Southern oscillation has a major impact on climate patterns in various parts of the region. El Niño results in unpredictable weather, flooding, and harsh wet winter which triggers the demand for heating appliance. Every year, more than 9 million water heaters are sold in the US which implies that there is a high demand for water heater in North America. Further, as per Natural Resources Canada (NRCan), an average of 75 liters of hot water is used at home in Canada every day for washing dishes and clothing, cleaning, and showering or bathing.

Major factor attributing to the dominance include presence of major market players in the US and Canada. Another factor attributing to the high penetration rate in the US and Canada. Some of the factors attributing to the dominance of the US include high penetration, and more population as compared to Canada. A.O. Smith Corp. is considered as the largest player in water heater market in North America with net sales of $3.2 billion in 2018. The company has a strong sale in North American region which account for around 60% of total sales. The company also provided its water heater solutions to Canada, China, India, and Mexico. In China, the company sells water heaters in more than 9,000 retail outlets. The company has a significant presence in more than 60 countries across the globe.

Research Methodology

The market study of the North American Water Heater market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for the electronic industry, ICT (Information and Communication Technology) and other related companies for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. North American Water Heater Market Research and Analysis by Energy Source

2. North American Water Heater Market Research and Analysis by Mode of Water Supply 

3. North American Water Heater Market Research and Analysis by End-User

The Report Covers

• Comprehensive research methodology of the North American Water Heater market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the North American Water Heater market.
• Insights about market determinants which are stimulating the North American Water Heater market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.