Residential Gas Storage Water Heater Market Analysis

Fuel Type (Natural Gas, Propane)

Natural gas segment is likely to capture residential gas storage water heater market share of over 74.5% by 2037. In many areas, natural gas is less expensive than electricity, which makes gas water heaters a more cost-effective choice for homes in terms of both the initial investment and ongoing maintenance expenses. Cost-conscious consumers find modern natural gas water heaters, particularly high-efficiency versions, enticing since they use less energy than older models or electric water heaters.

Venting Type (Direct Vent, Power Vent, Atmospheric Vent)

The direct vent segment is likely to hold a significant share during the forecast period. The purpose of direct vent systems is to reduce the possibility of dangerous gasses such as carbon monoxide getting into the living area. Compared to conventional atmospheric venting types, direct vent water heaters are a safer choice since they use outside air for burning, lowering the possibility of drawing in dangerous inside air.

Our in-depth analysis of the global residential gas storage water heater market includes the following segments: