Residential Gas Storage Water Heater Market Trends

Growth Drivers

• Condensing water heaters with superior efficiency: These cutting-edge technologies increase energy efficiency by capturing and using heat from exhaust gases released by conventional gas water heaters. These units are more efficient than traditional models as they use the heat that would otherwise be squandered. Before the combustion gases are released outdoors, they frequently have a secondary heat exchanger that removes further heat from them. Overall efficiency is increased as the incoming cold water is warmed by the captured heat. Common features that contribute to a longer lifespan and better performance include improved insulation, accurate controls, and sturdy materials.
• Revolutionary advances in water heater efficiency: Technological advancements to increase energy efficiency and lower residential utility bills are rapidly changing the residential gas storage water heater dynamics. The use of condensing technology in tank and tankless water heaters is among the most exciting developments. Heat exhaust gases that would normally leak out of the flue and waste energy are captured by condensing water heaters. Compared to non-condensing models, these units' energy efficiency is much increased owing to this technology.

Challenges

• Low water pressure and the possibility of water leaks: Water leaks are the most common problem with gas water heaters. Since water corrodes the tank over time and creates microscopic cracks and fractures, any water heater would eventually start to leak. Furthermore, there may be additional reasons why a gas water heater may leak water. Make sure the cold-water intake and hot-water exit pipes are securely attached and not rattling or otherwise loose.
• Continuous battle to fulfill energy efficiency and quality requirements: Manufacturers of water heaters are required to make sure that their goods fulfill energy efficiency and quality requirements. Domestic hot water usage is the second-highest, making up almost 20% of the energy used by residential HVAC systems worldwide. Furthermore, inadequate insulation, durability, and energy efficiency are further challenges preventing the industry from growing in the foreseeable future.