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Global Gas Water Heater Market to reach USD 38.64 Billion by 2027.

Global Gas Water Heater Market by Product (Instant, Storage), By Capacity ( 400 Liters), By Application (Residential, Commercial [College/University, Office, Government/Military]), By Fuel (Natural Gas, LPG), and Regional Forecasts 2021-2027

Product Code: OIRIGS-84759340
Publish Date: 5-07-2021
Page: 200

Global Gas Water Heater Market is valued approximately at USD 29.36 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4% over the forecast period 2021-2027. The technology behind gas water heater is that water moves through a gas pipeline or cylinder, which passes through a heat exchanger which has water pipes covered with fins. These fins are heated up which in turn heats the water. Increasing demand of hot water from residential applications such as bathing, washing, cleaning and cooking is driving the market for the gas water heater market. Government norms and mandates which regulates the use of energy efficient heating appliances in all new buildings and public establishments is also augmenting the market growth. In order to meet the increased demand of energy, government of India for instance enacted the Energy Conservation Act, 2001 and established the Bureau of Energy Efficiency in March 2002. The act strengthen the delivery mechanism for energy efficiency services in the country and provides much needed coordination between various entities. But high installation cost of the gas water heater is restraining the market growth for the product. Also, availability of counterparts such as electric water heaters will also slow down the market growth. However, technological advancements such as remote monitoring, AI enabled UI display and Wi-Fi enabled connectivity is expected to give opportunity to the market in the forecasted period and augment the growth. Products having high water holding capacity, instant supply of hot water and un-compromised water pressure are being developed by the market players which will be both highly efficient and cost effective which is set to give opportunities to the market.

The key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World are considered for the regional analysis of global Gas Water Heater Market. Asia Pacific is expected to be the largest and the fastest growing region in the gas water heater market during the forecast period because of major contributions from countries such as China, Japan, India and Australia. North America is expected to be the fastest growing region after APAC.
Major market player included in this report are

Lennox
A.O Smith
BDR Thermea Group
Bradford White Corporation
Ariston Thermo
Haier Electronics
Whirlpool Corporation
Bosch Thermotechnology
Rinnai Corporation
Ferroli

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Instant
Storage
By Capacity:
400 litres
By Application:
Residential
Commercial
By Fuel:
Natural Gas
LPG
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Gas Water Heater Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Gas Water Heater Market , by Region, 2019-2027 (USD Billion)
1.2.2. Gas Water Heater Market , by Product, 2019-2027 (USD Billion)
1.2.3. Gas Water Heater Market , by Capacity , 2019-2027 (USD Billion)
1.2.4. Gas Water Heater Market , by Application, 2019-2027 (USD Billion)
1.2.5. Gas Water Heater Market , by Fuel 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Gas Water Heater Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Gas Water Heater Market Dynamics
3.1. Gas Water Heater Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Increasing demand from residential applications
3.1.2. Market Restraint
3.1.2.1. High installation cost
3.1.2.2. Availability of counterparts
3.1.3. Market Opportunities
3.1.3.1. Advancement in products
Chapter 4. Global Gas Water Heater Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Gas Water Heater Market, by Product
5.1. Market Snapshot
5.2. Global Gas Water Heater Market by Product, Performance – Potential Analysis
5.3. Global Gas Water Heater Market Estimates & Forecasts by Product 2018-2027 (USD Billion)
5.4. Gas Water Heater Market , Sub Segment Analysis
5.4.1. Instant
5.4.2. Storage
Chapter 6. Global Gas Water Heater Market, by Capacity
a. Market Snapshot
6.1. Global Gas Water Heater Market by Capacity, Performance – Potential Analysis
6.2. Global Gas Water Heater Market Estimates & Forecasts by Capacity 2018-2027 (USD Billion)
6.3. Gas Water Heater Market , Sub Segment Analysis
6.3.1. 400 litres
Chapter 7. Global Gas Water Heater Market, by Application
b. Market Snapshot
7.1. Global Gas Water Heater Market by Application, Performance – Potential Analysis
7.2. Global Gas Water Heater Market Estimates & Forecasts by Application 2018-2027 (USD Billion)
7.3. Gas Water Heater Market , Sub Segment Analysis
7.3.1. Residential
7.3.2. Commercial
Chapter 8. Global Gas Water Heater Market, by Fuel
c. Market Snapshot
8.1. Global Gas Water Heater Market by Fuel, Performance – Potential Analysis
8.2. Global Gas Water Heater Market Estimates & Forecasts by Fuel 2018-2027 (USD Billion)
8.3. Gas Water Heater Market , Sub Segment Analysis
8.3.1. Natural Gas
8.3.2. LPG
Chapter 9. Global Gas Water Heater Market, Regional Analysis
9.1. Gas Water Heater Market , Regional Market Snapshot
9.2. North America Gas Water Heater Market
9.2.1. U.S. Gas Water Heater Market
9.2.1.1. Product breakdown estimates & forecasts, 2018-2027
9.2.1.2. Capacity breakdown estimates & forecasts, 2018-2027
9.2.1.3. Application breakdown estimates & forecasts, 2018-2027
9.2.1.4. Fuel breakdown estimates & forecasts, 2018-2027
9.2.2. Canada Gas Water Heater Market
9.3. Europe Gas Water Heater Market Snapshot
9.3.1. U.K. Gas Water Heater Market
9.3.2. Germany Gas Water Heater Market
9.3.3. France Gas Water Heater Market
9.3.4. Spain Gas Water Heater Market
9.3.5. Italy Gas Water Heater Market
9.3.6. Rest of Europe Gas Water Heater Market
9.4. Asia-Pacific Gas Water Heater Market Snapshot
9.4.1. China Gas Water Heater Market
9.4.2. India Gas Water Heater Market
9.4.3. Japan Gas Water Heater Market
9.4.4. Australia Gas Water Heater Market
9.4.5. South Korea Gas Water Heater Market
9.4.6. Rest of Asia Pacific Gas Water Heater Market
9.5. Latin America Gas Water Heater Market Snapshot
9.5.1. Brazil Gas Water Heater Market
9.5.2. Mexico Gas Water Heater Market
9.6. Rest of The World Gas Water Heater Market
Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Lennox
10.2.1.1. Key Information
10.2.1.2. Overview
10.2.1.3. Financial (Subject to Data Availability)
10.2.1.4. Product Summary
10.2.1.5. Recent Developments
10.2.2. A.O Smith
10.2.3. BDR Thermea Group
10.2.4. Bradford White Corporation
10.2.5. Ariston Thermo
10.2.6. Haier Electronics
10.2.7. Whirlpool Corporation
10.2.8. Bosch Thermotechnology
10.2.9. Rinnai Corporation
10.2.10. Ferroli
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Data Collection:
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To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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