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    Gas Water Heater Market | Covid-19 Impact Analysis

    Gas Water Heater Market | Covid-19 Impact Analysis

    Gas Water Heater Market | Covid-19 Impact Analysis
    Report code - SRCG147 Delivery - 2 Weeks
    Gas Water Heater Market Size, Share, Trend, Forecast, & Industry Analysis 
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    Impact of COVID-19 on Gas Water Heater Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Gas Water Heater Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Gas Water Heater Market Insights

    Gas water heater market is likely to witness a healthy CAGR of 5.8% during the forecast period. The growing demand for hot water in both commercial and residential applications is likely to boost the demand for gas water heater in the market during the forecast period.

    Gas Water Heater Market – Snapshot

    Growth

    5.8% for the next five years

    Major Product Type

    Storage

    Major Capacity Type

    30-100 Liters

    Major Fuel Type

    LPG

    Dominant Application Type

    Commercial

    Region with the highest demand

    Asia-Pacific

    Key Players

    A.O. Smith, Ariston Thermo S.p.A, BDR Thermea Group,

    Bosch Thermotechnology, Bradford White Corporation,

    Haier Electronics, HTP Comfort Solutions LLC, Lennox,

    Racold, and Rheem Manufacturing Company.

     

    Market Share Analysis

    Gas-Water-Heater-Market-Dominant-Segments

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    Gas Water Heater Market Share: By Product Type

    Based on the product type, the market is segmented as instant and storage. The storage segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. The storage water heater comprises a tank which provides large volume of hot water which well suites the requirements for multi-families compared to the instant or tankless heater.

    Gas Water Heater Market Share: By Capacity Type

    Based on the capacity type, the market is segmented as <30 liters, 30-100 liters, 100-250 liters, 250-400 liters, and >400 liters. The 30-100 liters segment is expected to remain dominant during the forecast period owing to requirement for hot water in both commercial and residential applications throughout the day.

    Gas Water Heater Market Share: By Fuel Type

    Based on the fuel type, the market is segmented as natural gas and LPG. The LPG segment is expected to remain dominant market during the forecast period due to government incentives for energy efficient appliances. LPG facilitates reliable substitute to electric heaters. Despite high cost and unavailability of connection points, there has been a boost in the adoption of LPG over the natural gas heaters.

    Gas Water Heater Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing gas water heater market during the forecast period, with China, Japan, India, and Australia being the major countries offering promising growth opportunities. The growth of the market is owing to the increasing population and extensive growth of the manufacturing sector in the Asia-Pacific region.

    Gas-Water-Heater-Market-By-Region

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    Some of the major gas water heater manufacturers are-

    • A.O. Smith
    • Ariston Thermo S.p.A
    • BDR Thermea Group
    • Bosch Thermotechnology
    • Bradford White Corporation
    • Haier Electronics
    • HTP Comfort Solutions LLC
    • Lennox
    • Racold
    • Rheem Manufacturing Company

     

    Market Scope & Segmentation

    Gas water heaters are made out of aluminum composite material. They are flat panels consisting of two thin coated aluminum sheets connected to a non-aluminum core. Gas water heaters are majorly used for external cladding or facades of buildings, insulation, signage, and making shipping containers.

    Gas water heaters are coated with different materials such as PE and PVDF. They find extensive usage in different applications such as building & construction, advertising, and transportation.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Gas Water Heater Market Research Report - Features

    Market Segmentation

    5

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The gas water heater market is segmented into the following categories. 

    Gas Water Heater Market Size, Share, & Forecast, by Product Type:

    • Instant (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Storage (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Gas Water Heater Market Size, Share, & Forecast, by Capacity Type:

    • <30 Liters (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 30-100 Liters (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 100-250 Liters (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 250-400 Liters (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • >400 Liters (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Gas Water Heater Market Size, Share, & Forecast, by Fuel Type:

    • Natural Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • LPG (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Gas Water Heater Market Size, Share, & Forecast, by Application Type:

    • Residential (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Commercial
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Application Type Analysis: College/University, Offices, Government/Military, and Others)

    Gas Water Heater Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Gas-Water-Heater-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Gas Water Heater Market in the foreseeable future?

    The gas water heater market is expected to witness an impressive growth of 5.8% CAGR in the foreseeable future.

    Which product type is expected to remain dominant in the Gas Water Heater Market?

    The storage segment is expected to remain dominant product type in the gas water heater market in the coming years.

    Who are the key players in the Gas Water Heater Market?

    A.O. Smith, Ariston Thermo S.p.A, BDR Thermea Group, Bosch Thermotechnology, Bradford White Corporation, Haier Electronics, HTP Comfort Solutions LLC, Lennox, Racold, and Rheem Manufacturing Company are among the key players in the gas water heater market.

    Which country/region is expected to remain the largest Gas Water Heater Market?

    Asia-Pacific is expected to remain the largest market for gas water heaters during the next five years.

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