Global Commercial Electric Water Heater Market Growth 2025-2031

Global Commercial Electric Water Heater Market Growth 2025-2031

The global Commercial Electric Water Heater market size is predicted to grow from US$ 3905 million in 2025 to US$ 5320 million in 2031; it is expected to grow at a CAGR of 5.3% from 2025 to 2031.

Commercial electric water heaters are essential for businesses that require large volumes of hot water for various applications, including restaurants, hotels, labs, and industrial facilities.

More and more commercial electric water heaters are integrating IoT technology, allowing users to remotely monitor and control them through smartphones or other devices. Users can view information such as water temperature, usage and energy consumption in real time. Smart electric water heaters can predict hot water demand based on historical usage data and automatically adjust operating status to improve energy efficiency and extend the life of the equipment.

LP Information, Inc. (LPI) ' newest research report, the “Commercial Electric Water Heater Industry Forecast” looks at past sales and reviews total world Commercial Electric Water Heater sales in 2024, providing a comprehensive analysis by region and market sector of projected Commercial Electric Water Heater sales for 2025 through 2031. With Commercial Electric Water Heater sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Commercial Electric Water Heater industry.

This Insight Report provides a comprehensive analysis of the global Commercial Electric Water Heater landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Commercial Electric Water Heater portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Commercial Electric Water Heater market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Commercial Electric Water Heater and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Commercial Electric Water Heater.

This report presents a comprehensive overview, market shares, and growth opportunities of Commercial Electric Water Heater market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Storage Type (tank type)
Instant Type (tankless type)

Segmentation by Application:
Hotel and Apartment
Catering Service
School
Office Building
Hospital
Gym
Government
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
A. O. Smith (including State etc)
Rinnai
Paloma (including Rheem etc)
Midea
Ariston Thermo
Haier
Whirlpool
Noritz
Bosch
Bradford White
American Standard
Thermann
Macro (Guangdong Shunna Electric)
Shanghai OTT Electrical
Itomic
Guangdong Vanward New Electric
Guangdong Jianggong Electric
Ferroli
Guangdong Shengduyangguang
Foshan Soopoen
JNOD
Seiwa Industrial

Key Questions Addressed in this Report

What is the 10-year outlook for the global Commercial Electric Water Heater market?

What factors are driving Commercial Electric Water Heater market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Commercial Electric Water Heater market opportunities vary by end market size?

How does Commercial Electric Water Heater break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.