Global Gas Water Heater Market to reach USD 38.64 Billion by 2027. 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:
<30 Litres
30-100 litres
100-250 litres
250-400 litres
>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