| Product Code: ETC5758214 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Armenia import trend for commercial water heaters experienced a notable decline, with a growth rate of -31.97% from 2023 to 2024. The compound annual growth rate (CAGR) for the period 2020-2024 stood at -0.05%. This downturn may be attributed to shifting consumer preferences towards more energy-efficient or sustainable heating solutions, impacting the demand for traditional commercial water heaters.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Commercial Water Heaters Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Commercial Water Heaters Market Revenues & Volume, 2021 & 2031F |
3.3 Armenia Commercial Water Heaters Market - Industry Life Cycle |
3.4 Armenia Commercial Water Heaters Market - Porter's Five Forces |
3.5 Armenia Commercial Water Heaters Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Armenia Commercial Water Heaters Market Revenues & Volume Share, By Liter, 2021 & 2031F |
3.7 Armenia Commercial Water Heaters Market Revenues & Volume Share, By Rated Capacity, 2021 & 2031F |
4 Armenia Commercial Water Heaters Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient and environmentally friendly heating solutions |
4.2.2 Growth in the hospitality and healthcare sectors driving the need for commercial water heaters |
4.2.3 Government initiatives promoting the use of renewable energy sources in commercial buildings |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the cost of manufacturing commercial water heaters |
4.3.2 Intense competition from alternative heating technologies such as solar water heaters |
4.3.3 Slow adoption rate of new technologies by traditional businesses in Armenia |
5 Armenia Commercial Water Heaters Market Trends |
6 Armenia Commercial Water Heaters Market Segmentations |
6.1 Armenia Commercial Water Heaters Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Armenia Commercial Water Heaters Market Revenues & Volume, By Electric, 2021-2031F |
6.1.3 Armenia Commercial Water Heaters Market Revenues & Volume, By Gas, 2021-2031F |
6.1.4 Armenia Commercial Water Heaters Market Revenues & Volume, By Oil, 2021-2031F |
6.1.5 Armenia Commercial Water Heaters Market Revenues & Volume, By Heat Pump, 2021-2031F |
6.1.6 Armenia Commercial Water Heaters Market Revenues & Volume, By Solar, 2021-2031F |
6.1.7 Armenia Commercial Water Heaters Market Revenues & Volume, By Hybrid & Others, 2021-2031F |
6.2 Armenia Commercial Water Heaters Market, By Liter |
6.2.1 Overview and Analysis |
6.2.2 Armenia Commercial Water Heaters Market Revenues & Volume, By Below 500 Liters, 2021-2031F |
6.2.3 Armenia Commercial Water Heaters Market Revenues & Volume, By 500-1,000 Liters, 2021-2031F |
6.2.4 Armenia Commercial Water Heaters Market Revenues & Volume, By 1,000-3,000 Liters, 2021-2031F |
6.2.5 Armenia Commercial Water Heaters Market Revenues & Volume, By 3,000-4,000 Liters, 2021-2031F |
6.2.6 Armenia Commercial Water Heaters Market Revenues & Volume, By Above 4,000 Liters, 2021-2031F |
6.3 Armenia Commercial Water Heaters Market, By Rated Capacity |
6.3.1 Overview and Analysis |
6.3.2 Armenia Commercial Water Heaters Market Revenues & Volume, By Up to 10kW, 2021-2031F |
6.3.3 Armenia Commercial Water Heaters Market Revenues & Volume, By 10-50kW, 2021-2031F |
6.3.4 Armenia Commercial Water Heaters Market Revenues & Volume, By 50-150kW & more, 2021-2031F |
7 Armenia Commercial Water Heaters Market Import-Export Trade Statistics |
7.1 Armenia Commercial Water Heaters Market Export to Major Countries |
7.2 Armenia Commercial Water Heaters Market Imports from Major Countries |
8 Armenia Commercial Water Heaters Market Key Performance Indicators |
8.1 Energy efficiency ratings of commercial water heaters in the market |
8.2 Number of new commercial construction projects in Armenia |
8.3 Adoption rate of renewable energy sources in commercial buildings in Armenia |
9 Armenia Commercial Water Heaters Market - Opportunity Assessment |
9.1 Armenia Commercial Water Heaters Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Armenia Commercial Water Heaters Market Opportunity Assessment, By Liter, 2021 & 2031F |
9.3 Armenia Commercial Water Heaters Market Opportunity Assessment, By Rated Capacity, 2021 & 2031F |
10 Armenia Commercial Water Heaters Market - Competitive Landscape |
10.1 Armenia Commercial Water Heaters Market Revenue Share, By Companies, 2024 |
10.2 Armenia Commercial Water Heaters Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |