The North America Gas Water Heater Market would witness market growth of 5.1% CAGR during the forecast period (2022-2028).
A gas regulator assembly positioned on the water heater's side controls the gas burner, which heats the water. This component contains a thermostat that monitors the temperature of the water within the tank and switches the burner on and off as necessary to keep the water at the desired temperature. Exhaust gases can go up via the tank and out of the home through a chimney or vent pipe with an exhaust flue that runs through the middle of the tank.
To increase the effectiveness of the appliance, the hollow vent is equipped with a spiral steel baffle that collects heat and transfers it to the nearby water. The conventional tank-type gas water heater's brilliant simplicity is made clear by a detailed inspection of each component by several companies and researchers. A steel outer coat that encompasses a pressure-tested water storage tank makes up the water heater's tank. A vitreous plastic or glass covering is connected to the interior surface of this inner tank's high-quality steel construction to avoid rusting.
The temperature in Canada and the United States are very low. With the lowest temperature ever recorded at 63.0 °C (81.4 °F) in Snag, Yukon in 1947, Canada is the coldest nation in North America. There are spots in Canada's north that experience high summer temperatures, despite the fact that many of these locations are rather cold or temperate year-round. Fort Smith, Lytton and Lillooet, Bassano Dam in Alberta are a few additional cold locations in Canada where historically low temperatures have been recorded.
The US market dominated the North America Gas Water Heater Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,148.6 million by 2028. The Canada market is poised to grow at a CAGR of 7.5% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 6.6% during (2022 - 2028).
Based on Product Type, the market is segmented into Instant and Storage. Based on Application, the market is segmented into Commercial, Residential, and Industrial. Based on Installation Type, the market is segmented into Indoor and Outdoor. Based on Fuel Type, the market is segmented into LPG and Natural Gas. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Gas Water Heater Market is Estimated to reach $10.4 Billion by 2028, at a CAGR of 6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH (Bosch Thermotechnology Corporation), A. O. Smith Corporation, Haier Smart Home Co., Ltd. (Haier Group Corporation), Lennox International, Inc., Rheem Manufacturing Company, Ariston Holding N.V., BDR Thermea Group, and Bradford White Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Product Type
By Application
- Commercial
- Residential
- Industrial
By Installation Type
By Fuel Type
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Robert Bosch GmbH (Bosch Thermotechnology Corporation)
- A. O. Smith Corporation
- Haier Smart Home Co., Ltd. (Haier Group Corporation)
- Lennox International, Inc.
- Rheem Manufacturing Company
- Ariston Holding N.V.
- BDR Thermea Group
- Bradford White Corporation
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Gas Water Heater Market, by Product Type
1.4.2 North America Gas Water Heater Market, by Application
1.4.3 North America Gas Water Heater Market, by Installation Type
1.4.4 North America Gas Water Heater Market, by Fuel Type
1.4.5 North America Gas Water Heater Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Gas Water Heater Market by Product Type
3.1 North America Instant Market by Country
3.2 North America Storage Market by Country
Chapter 4. North America Gas Water Heater Market by Application
4.1 North America Commercial Market by Country
4.2 North America Residential Market by Country
4.3 North America Industrial Market by Country
Chapter 5. North America Gas Water Heater Market by Installation Type
5.1 North America Indoor Market by Country
5.2 North America Outdoor Market by Country
Chapter 6. North America Gas Water Heater Market by Fuel Type
6.1 North America LPG Market by Country
6.2 North America Natural Gas Market by Country
Chapter 7. North America Gas Water Heater Market by Country
7.1 US Gas Water Heater Market
7.1.1 US Gas Water Heater Market by Product Type
7.1.2 US Gas Water Heater Market by Application
7.1.3 US Gas Water Heater Market by Installation Type
7.1.4 US Gas Water Heater Market by Fuel Type
7.2 Canada Gas Water Heater Market
7.2.1 Canada Gas Water Heater Market by Product Type
7.2.2 Canada Gas Water Heater Market by Application
7.2.3 Canada Gas Water Heater Market by Installation Type
7.2.4 Canada Gas Water Heater Market by Fuel Type
7.3 Mexico Gas Water Heater Market
7.3.1 Mexico Gas Water Heater Market by Product Type
7.3.2 Mexico Gas Water Heater Market by Application
7.3.3 Mexico Gas Water Heater Market by Installation Type
7.3.4 Mexico Gas Water Heater Market by Fuel Type
7.4 Rest of North America Gas Water Heater Market
7.4.1 Rest of North America Gas Water Heater Market by Product Type
7.4.2 Rest of North America Gas Water Heater Market by Application
7.4.3 Rest of North America Gas Water Heater Market by Installation Type
7.4.4 Rest of North America Gas Water Heater Market by Fuel Type
Chapter 8. Company Profiles
8.1 Robert Bosch GmbH (Bosch Thermotechnology Corporation)
8.1.1 Company Overview
8.1.1 Financial Analysis
8.1.2 Segmental and Regional Analysis
8.1.3 Research & Development Expense
8.1.4 SWOT Analysis
8.2 A. O. Smith Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Acquisition and Mergers:
8.3 Haier Smart Home Co., Ltd. (Haier Group Corporation)
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.4 Lennox International, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.5 Rheem Manufacturing Company
8.5.1 Company Overview
8.5.2 Recent strategies and developments:
8.5.2.1 Acquisition and Mergers:
8.6 Ariston Holding N.V.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Recent strategies and developments:
8.6.4.1 Acquisition and Mergers:
8.7 BDR Thermea Group
8.7.1 Company Overview
8.7.2 Recent strategies and developments:
8.7.2.1 Acquisition and Mergers:
8.8 Bradford White Corporation
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Acquisition and Mergers:
TABLE 1 North America Gas Water Heater Market, 2018 - 2021, USD Million
TABLE 2 North America Gas Water Heater Market, 2022 - 2028, USD Million
TABLE 3 North America Gas Water Heater Market by Product Type, 2018 - 2021, USD Million
TABLE 4 North America Gas Water Heater Market by Product Type, 2022 - 2028, USD Million
TABLE 5 North America Instant Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Instant Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Storage Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Storage Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Gas Water Heater Market by Application, 2018 - 2021, USD Million
TABLE 10 North America Gas Water Heater Market by Application, 2022 - 2028, USD Million
TABLE 11 North America Commercial Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Commercial Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Residential Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Residential Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Industrial Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Industrial Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Gas Water Heater Market by Installation Type, 2018 - 2021, USD Million
TABLE 18 North America Gas Water Heater Market by Installation Type, 2022 - 2028, USD Million
TABLE 19 North America Indoor Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Indoor Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Outdoor Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Outdoor Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Gas Water Heater Market by Fuel Type, 2018 - 2021, USD Million
TABLE 24 North America Gas Water Heater Market by Fuel Type, 2022 - 2028, USD Million
TABLE 25 North America LPG Market by Country, 2018 - 2021, USD Million
TABLE 26 North America LPG Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Natural Gas Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Natural Gas Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Gas Water Heater Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Gas Water Heater Market by Country, 2022 - 2028, USD Million
TABLE 31 US Gas Water Heater Market, 2018 - 2021, USD Million
TABLE 32 US Gas Water Heater Market, 2022 - 2028, USD Million
TABLE 33 US Gas Water Heater Market by Product Type, 2018 - 2021, USD Million
TABLE 34 US Gas Water Heater Market by Product Type, 2022 - 2028, USD Million
TABLE 35 US Gas Water Heater Market by Application, 2018 - 2021, USD Million
TABLE 36 US Gas Water Heater Market by Application, 2022 - 2028, USD Million
TABLE 37 US Gas Water Heater Market by Installation Type, 2018 - 2021, USD Million
TABLE 38 US Gas Water Heater Market by Installation Type, 2022 - 2028, USD Million
TABLE 39 US Gas Water Heater Market by Fuel Type, 2018 - 2021, USD Million
TABLE 40 US Gas Water Heater Market by Fuel Type, 2022 - 2028, USD Million
TABLE 41 Canada Gas Water Heater Market, 2018 - 2021, USD Million
TABLE 42 Canada Gas Water Heater Market, 2022 - 2028, USD Million
TABLE 43 Canada Gas Water Heater Market by Product Type, 2018 - 2021, USD Million
TABLE 44 Canada Gas Water Heater Market by Product Type, 2022 - 2028, USD Million
TABLE 45 Canada Gas Water Heater Market by Application, 2018 - 2021, USD Million
TABLE 46 Canada Gas Water Heater Market by Application, 2022 - 2028, USD Million
TABLE 47 Canada Gas Water Heater Market by Installation Type, 2018 - 2021, USD Million
TABLE 48 Canada Gas Water Heater Market by Installation Type, 2022 - 2028, USD Million
TABLE 49 Canada Gas Water Heater Market by Fuel Type, 2018 - 2021, USD Million
TABLE 50 Canada Gas Water Heater Market by Fuel Type, 2022 - 2028, USD Million
TABLE 51 Mexico Gas Water Heater Market, 2018 - 2021, USD Million
TABLE 52 Mexico Gas Water Heater Market, 2022 - 2028, USD Million
TABLE 53 Mexico Gas Water Heater Market by Product Type, 2018 - 2021, USD Million
TABLE 54 Mexico Gas Water Heater Market by Product Type, 2022 - 2028, USD Million
TABLE 55 Mexico Gas Water Heater Market by Application, 2018 - 2021, USD Million
TABLE 56 Mexico Gas Water Heater Market by Application, 2022 - 2028, USD Million
TABLE 57 Mexico Gas Water Heater Market by Installation Type, 2018 - 2021, USD Million
TABLE 58 Mexico Gas Water Heater Market by Installation Type, 2022 - 2028, USD Million
TABLE 59 Mexico Gas Water Heater Market by Fuel Type, 2018 - 2021, USD Million
TABLE 60 Mexico Gas Water Heater Market by Fuel Type, 2022 - 2028, USD Million
TABLE 61 Rest of North America Gas Water Heater Market, 2018 - 2021, USD Million
TABLE 62 Rest of North America Gas Water Heater Market, 2022 - 2028, USD Million
TABLE 63 Rest of North America Gas Water Heater Market by Product Type, 2018 - 2021, USD Million
TABLE 64 Rest of North America Gas Water Heater Market by Product Type, 2022 - 2028, USD Million
TABLE 65 Rest of North America Gas Water Heater Market by Application, 2018 - 2021, USD Million
TABLE 66 Rest of North America Gas Water Heater Market by Application, 2022 - 2028, USD Million
TABLE 67 Rest of North America Gas Water Heater Market by Installation Type, 2018 - 2021, USD Million
TABLE 68 Rest of North America Gas Water Heater Market by Installation Type, 2022 - 2028, USD Million
TABLE 69 Rest of North America Gas Water Heater Market by Fuel Type, 2018 - 2021, USD Million
TABLE 70 Rest of North America Gas Water Heater Market by Fuel Type, 2022 - 2028, USD Million
TABLE 71 key information – Robert Bosch GmbH
TABLE 72 Key Information – A. O. Smith Corporation
TABLE 73 key information – Haier Smart Home Co., Ltd.
TABLE 74 Key information – Lennox International, Inc.
TABLE 75 Key Information – Rheem Manufacturing Company
TABLE 76 Key Information – Ariston Holding N.V.
TABLE 77 Key Information – BDR Thermea Group
TABLE 78 Key Information – Bradford White Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 Swot analysis: Robert Bosch GmbH