The US water heater market is anticipated to grow at a CAGR 4.2% during the forecast period. The US is the major economy in North American region attributed to well-established infrastructure in the industrial sector. Increasing demand for water heaters in different manufacturing and power plants is estimated to contribute to the growth of the US Water Heater market. A large quantity of water is required to maintain power plants as operational. In power plants, water heaters are used to pre-heat water which increases the efficiency of the power plant. Increasing demand for energy production and supportive government regulations are driving the demand for water heaters in the industrial sector. There is a large number of power plants in the US with excellent production capacity. For instance, Sithe Independence Station and Sioux power plant had production capacity of 1,086 MW (megawatt) and 1,099 MW in 2016, respectively as per World Resources Institute (WRI).
A.O. Smith Corp., Takagi, Kenmore, Watts Water Technologies, Inc., and Bradford White Corp. are providing water heating systems in the US market and international market as well. The high consumption of water heaters has affected the environmental condition which encourages these market players to develop energy efficient water heaters. For instance, Environmental Protection Agency (EPA) and the Department of Energy (DOE) introduced a joint program ENERGY STAR in order to assist consumers in saving money and protecting the environment by offering energy-efficient products and practices. The ENERGY STAR label indicates high-performance; cost-effective products can be used in homes, and buildings. Many home appliances such as heat pump water heaters, gas storage water heaters, solar water heaters, and commercial water heaters are available in ENERGY STAR label.
Research Methodology
The market study of the US 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
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. The US Water Heater Market Research and Analysis by Energy Source
2. The US Water Heater Market Research and Analysis by Mode of Water Supply
3. The US Water Heater Market Research and Analysis by End-User
The Report Covers
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Competitive Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
4. Market Determinants
4.1 Motivators
4.2 Restraints
4.1. Opportunities
5. Market Segmentation
5.1. The US Water Heater Market by Energy Source
5.1.1. Gas
5.1.2. Electricity Water Heaters
5.1.3. Hybrid Water Heaters
5.1.4. Solar Water Heaters
5.2. The US Water Heater Market by Mode of Water Supply
5.2.1. On-Demand Or Tankless Water Heaters
5.2.2. Storage Or Tank Water Heaters
5.3. The US Water Heater Market by End-User
5.3.1. Residential
5.3.2. Commercial
5.3.3. Industrial
6. Company Profiles
6.1. A.O. Smith Corp.
6.2. Bradford White Corp.
6.3. EcoSmart
6.4. General Electric
6.5. Goodman
6.6. HTP Comfort Solutions LLC.
6.7. NORITZ Corp.
6.8. Rheem Manufacturing Company, Inc.
6.9. Stiebel Eltron, Inc.
6.10. Whirlpool
1. THE US WATER HEATER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
2. THE US WATER HEATER MARKET RESEARCH AND ANALYSIS BY ENERGY SOURCE, 2018-2025 ($ MILLION)
3. THE US WATER HEATER MARKET RESEARCH AND ANALYSIS BY MODE OF WATER SUPPLY, 2018-2025 ($ MILLION)
4. THE US WATER HEATER MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)
1. THE US WATER HEATER MARKET SHARE BY COUNTRY, 2018 VS 2025 (%)
2. THE US WATER HEATER MARKET SHARE BY ENERGY SOURCE, 2018 VS 2025 (%)
3. THE US WATER HEATER MARKET SHARE BY MODE OF WATER SUPPLY, 2018 VS 2025 (%)
4. THE US WATER HEATER MARKET SHARE BY END-USER, 2018 VS 2025 (%)
5. THE US WATER HEATER MARKET SIZE, 2018-2025 ($ MILLION)