Global Commercial Water Heaters Market Growth 2025-2031

Global Commercial Water Heaters Market Growth 2025-2031

The global Commercial Water Heaters market size is predicted to grow from US$ 10250 million in 2025 to US$ 13850 million in 2031; it is expected to grow at a CAGR of 5.1% from 2025 to 2031.

Commercial water heaters are large-scale water heating systems designed for use in commercial and industrial settings. They are typically used to provide hot water for various applications such as washing, cleaning, and sanitizing in hotels, restaurants, hospitals, schools, and other commercial establishments. Commercial water heaters are designed to operate continuously and handle high volumes of hot water demand, making them suitable for use in busy commercial environments. They are also equipped with advanced safety features such as temperature and pressure relief valves, automatic shut-off mechanisms, and leak detection systems to ensure safe and reliable operation.

Global key players of Commercial Water Heaters include A. O. Smith, Rinnai, Paloma, Midea, Ariston Thermo, etc. The top five players hold a share about 34%. Asia-Pacific is the largest market, and has a share about 41%, followed by Europe and North America with share 25% and 25%, separately. In terms of product type, Heat Pump Water Heater is the largest segment, accounting for a share of 35%. In terms of application, Hotel and Restaurant is the largest field with a share about 27 percent.

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

This Insight Report provides a comprehensive analysis of the global Commercial Water Heaters 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 Water Heaters portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Commercial Water Heaters market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Commercial Water Heaters 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 Water Heaters.

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

Segmentation by Type:
Gas Water Heater
Electric Water Heater
Heat Pump Water Heater
Oil Fired Water Heater
Solar Water Heater
Others

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
Rinnai
Paloma
Midea
Ariston Thermo
Haier
Whirlpool
Noritz
Daikin
Gree
Bradford White
Bosch
Mitsubishi Electric
Mayekawa
Navien
Intellihot
Showa Manufacturing
Purpose Co
Itomic
Guangdong Vanward New Electric
Ferroli
JNOD
Seiwa Industrial

Key Questions Addressed in this Report

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

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

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

How do Commercial Water Heaters market opportunities vary by end market size?

How does Commercial Water Heaters break out by Type, by Application?

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