(MENAFN- Ameliorate Digital Consultancy)
The recent years have recorded an increase in acquisition initiatives by various players in the U.S. commercial water heater market. Considering an instance, in February 2021, Rinnai America Corporation, a subsidiary of Rinnai Corporation, announced its acquisition of Industrias Mass. The deal was carried out as part of the business scale strategy expansion formulated in 'New Era 2025', the company's Medium-Term Business Plan.
An increase in the adoption of similar initiatives in tandem with mergers and collaborations is anticipated to drive business growth over the forthcoming years.
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According to the latest research conducted by Global Market Insights Inc., U.S. commercial water heater market size is anticipated to register a considerable CAGR of 9% through 2030.
Enlisted below are some of the major trends that are anticipated to impel the industry expansion over the coming years:
1# Favorable regulatory policies
The regulatory bodies in the U.S. are depicting a keen interest in the formulation of various policies. Considering an instance, in May 2022, the U.S. Department of Energy proposed new standards of energy conservation for commercial water heating equipment. These comprise gas hot water supply boilers, instantaneous water heaters, gas storage, and others.
The standards would require the incorporation of condensing technology into commercial water heaters, leading to a significant reduction in energy consumption via the extraction of additional heat from the process of combustion. An increase in the adoption of such policies is slated to impel industry expansion over 2022-2030.
2# Launch of new products
Prominent players in the U.S. commercial heater market comprise Stiebel Eltron Inc., Rheem Manufacturing Company, Westinghouse Electric Corporation, A.O. Smith, Whirlpool Corporation, Havells India Ltd., Ariston Holding N.V, and others. The companies are centered on product developments for consolidating their position in the market.
Quoting an instance, in February 2022, Mitsubishi Electric Trane HVAC US launched Heat2O. The solution constituted an all-electric domestic hot water heating solution for the reduction of energy consumption and the improvement of sustainability in large-scale commercial facilities and multifamily buildings. The growing implementation of similar steps is anticipated to drive the product demand across various regions.
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3# Increasing investment initiatives
The industry has registered an increase in investment initiatives for capacity expansion. Considering an example, in May 2022, GE Appliances opened its USD 70 million one-of-a-kind water heating manufacturing plant in South Carolina.
The plant would produce units beginning from the coils of steel into high-quality solutions for homes across the U.S.
An escalation in such initiatives by leading commercial water heater manufacturers is anticipated to impel business expansion in the United States over the estimated period. Besides, several companies are participating in trade conferences and research activities for facilitating the development of superior solutions.
Way Forward
The industry is poised to record an increase in the adoption of various studies and the escalating requirement for space heating systems. Some of the additional factors slated to augment the U.S. commercial water heater market share comprise the escalating inclination toward continuous developments in enhanced energy systems and the increasing requirement for space heating systems.
Partial Chapter of the Table of Content
Chapter 4 US Commercial Water Heater Market, By Product
4.1 U.S. commercial water heater market share by product, 2021 & 2030
4.2 Instant
4.2.1 U.S. market from instant, 2018 – 2030
4.2.2 U.S. market from instant, by region, 2018 – 2030
4.2.3 Electric
4.2.3.1 U.S. market from electric, 2018 – 2030
4.2.3.2 U.S. market from electric, by region, 2018 – 2030
4.2.4 Gas
4.2.4.1 U.S. market from gas, 2018 – 2030
4.2.4.2 U.S. market from gas, by region, 2018 – 2030
4.3 Storage
4.3.1 U.S. market from storage, 2018 – 2030
4.3.2 U.S. market from storage, by region, 2018 – 2030
4.3.3 Electric
4.3.3.1 U.S. market from electric, 2018 – 2030
4.3.3.2 U.S. market from electric, by region, 2018 – 2030
4.3.3.3 <30 liters
4.3.3.3.1 U.S. market from <30 liters, 2018 – 2030
4.3.3.3.2 U.S. market from <30 liters, by region, 2018 – 2030
4.3.3.4 30-100 liters
4.3.3.4.1 U.S. market from 30-100 liters, 2018 – 2030
4.3.3.4.2 U.S. market from 30-100 liters, by region, 2018 – 2030
4.3.3.5 100-250 liters
4.3.3.5.1 U.S. market from 100-250 liters, 2018 – 2030
4.3.3.5.2 U.S. market from 100-250 liters, by region, 2018 – 2030
4.3.3.6 250-400 liters
4.3.3.6.1 U.S. market from 250-400 liters, 2018 – 2030
4.3.3.6.2 U.S. market from 250-400 liters, by region, 2018 – 2030
4.3.3.7 > 400 liters
4.3.3.7.1 U.S. market from > 400 liters, 2018 – 2030
4.3.3.7.2 U.S. market from > 400 liters, by region, 2018 – 2030
4.3.4 Gas
4.3.4.1 U.S. market from gas, 2018 – 2030
4.3.4.2 U.S. market from gas, by region, 2018 – 2030
4.3.4.3 <30 liters
4.3.4.3.1 U.S. market from <30 liters, 2018 – 2030
4.3.4.3.2 U.S. market from <30 liters, by region, 2018 – 2030
4.3.4.4 30-100 liters
4.3.4.4.1 U.S. market from 30-100 liters, 2018 – 2030
4.3.4.4.2 U.S. market from 30-100 liters, by region, 2018 – 2030
4.3.4.5 100-250 liters
4.3.4.5.1 U.S. market from 100-250 liters, 2018 – 2030
4.3.4.5.2 U.S. market from 100-250 liters, by region, 2018 – 2030
4.3.4.6 250-400 liters
4.3.4.6.1 U.S. market from 250-400 liters, 2018 – 2030
4.3.4.6.2 U.S. market from 250-400 liters, by region, 2018 – 2030
4.3.4.7 > 400 liters
4.3.4.7.1 U.S. market from > 400 liters, 2018 – 2030
4.3.4.7.2 U.S. market from > 400 liters, by region, 2018 – 2030
Chapter 5 US Commercial Water Heater Market, By Capacity
5.1 U.S. commercial water heater market share by capacity, 2021 & 2030
5.2 <30 liters
5.2.1 U.S. market from <30 liters, 2018 – 2030
5.2.2 U.S. market from <30 liters, by region, 2018 – 2030
5.3 30-100 liters
5.3.1 U.S. market from 30-100 liters, 2018 – 2030
5.3.2 U.S. market from 30-100 liters, by region, 2018 – 2030
5.4 100-250 liters
5.4.1 U.S. market from 100-250 liters, 2018 – 2030
5.4.2 U.S. market from 100-250 liters, by region, 2018 – 2030
5.5 250-400 liters
5.5.1 U.S. market from 250-400 liters, 2018 – 2030
5.5.2 U.S. market from 250-400 liters, by region, 2018 – 2030
5.6 > 400 liters
5.6.1 U.S. market from > 400 liters, 2018 – 2030
5.6.2 U.S. market from > 400 liters, by region, 2018 – 2030
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