Commercial Water Heater Market Analysis

The market is segmented by type into electric, gas, oil, heat pump, solar, and hybrid & others, out of which, the electric segment is anticipated to hold the largest share in the commercial water heater market on account of the fact that these heaters offer exceptionally high operational efficiency ranging from 95 to 98 percent. In addition, rising emphasis on limiting carbon footprint resulting from fossil fuel emissions is also assessed to drive growth to the market segment in the future. Moreover, on the basis of capacity, the 250-400 liters segment is evaluated to occupy the largest share over the forecast period owing to the compactness and ease of installation of these heaters, along with their high suitability in small commercial establishments. 

Our in-depth analysis of the global market includes the following segments: