Product Code: ETC13319121 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Gas Water Heater Market was valued at USD 8.9 Billion in 2024 and is expected to reach USD 13.26 Billion by 2031, growing at a compound annual growth rate of 5.60% during the forecast period (2025-2031).
The Global Gas Water Heater Market is witnessing significant growth driven by factors such as increasing demand for energy-efficient heating solutions, rising disposable income, and rapid urbanization. Gas water heaters are preferred for their cost-effectiveness, fast heating capability, and lower greenhouse gas emissions compared to electric water heaters. Key market trends include the development of smart and connected gas water heaters with advanced features like remote control and energy monitoring. The market is highly competitive with major players focusing on product innovation, technological advancements, and strategic partnerships to expand their market presence. Geographically, Asia Pacific is expected to dominate the market due to the growing residential construction sector in emerging economies like China and India. Overall, the Global Gas Water Heater Market is poised for steady growth in the coming years.
The Global Gas Water Heater Market is experiencing a shift towards more energy-efficient and environmentally-friendly products, driven by growing concerns about sustainability and energy conservation. Manufacturers are focusing on developing high-efficiency gas water heaters that offer lower emissions and reduced energy consumption. Smart technology integration, such as Wi-Fi connectivity and remote monitoring capabilities, is also gaining traction in the market, providing consumers with increased control and convenience. Additionally, the increasing adoption of tankless gas water heaters due to their space-saving design and on-demand hot water delivery is creating opportunities for market growth. With rising urbanization and infrastructure development across emerging economies, there is a significant potential for market expansion in regions seeking modern and efficient water heating solutions.
The Global Gas Water Heater Market faces several challenges, including increasing competition from electric water heaters due to their energy efficiency and lower operating costs. Additionally, fluctuating gas prices and regulatory changes related to emissions and safety standards pose challenges for manufacturers and impact consumer preferences. The market also faces the challenge of meeting the demand for more sustainable and environmentally friendly products, leading to the need for innovation and investments in research and development. Moreover, the global supply chain disruptions and raw material shortages have also affected the production and distribution of gas water heaters, adding complexities to the market landscape. Overall, the industry must navigate these challenges to maintain competitiveness and meet evolving consumer demands.
The Global Gas Water Heater Market is primarily driven by factors such as increasing demand for energy-efficient and cost-effective heating solutions, growing awareness about reducing carbon footprints, and rising adoption of smart home technologies. Gas water heaters provide a more sustainable and economical alternative to electric water heaters, making them popular among consumers looking to save on energy bills. Additionally, technological advancements such as the integration of IoT capabilities and energy-saving features further propel the market growth. Government initiatives promoting the use of cleaner energy sources and the expansion of residential construction activities in emerging economies also contribute to the increasing demand for gas water heaters globally.
Government policies related to the Global Gas Water Heater Market vary by country. In general, many governments are focused on promoting energy efficiency and reducing carbon emissions, which has led to the implementation of regulations and standards for gas water heaters. These policies often include requirements for energy efficiency ratings, emissions limits, and safety standards to ensure consumers have access to environmentally friendly and safe products. Additionally, some governments offer incentives such as rebates or tax credits for purchasing energy-efficient gas water heaters, encouraging consumers to make sustainable choices. Overall, government policies play a significant role in shaping the market dynamics of gas water heaters by driving innovation, promoting sustainability, and ensuring consumer safety.
The Global Gas Water Heater Market is expected to witness steady growth in the coming years due to increasing demand for energy-efficient heating solutions and the growing residential and commercial construction sectors. Factors such as rapid urbanization, rising disposable income levels, and a growing emphasis on sustainable living practices are driving the adoption of gas water heaters worldwide. Additionally, technological advancements leading to more efficient and eco-friendly gas water heater models are further fueling market growth. The expansion of distribution channels and increasing consumer awareness about the benefits of gas water heaters are also contributing to market expansion. However, fluctuating raw material prices and regulatory concerns regarding emissions may pose challenges to market growth. Overall, the Global Gas Water Heater Market is poised for positive growth prospects in the foreseeable future.
In the Global Gas Water Heater Market, Asia is expected to lead in terms of market share due to rapid urbanization and increasing demand for energy-efficient appliances. North America is anticipated to witness steady growth driven by renovations in residential buildings and a focus on sustainable living. Europe is projected to show moderate growth as consumers shift towards eco-friendly heating solutions. The Middle East and Africa region is likely to experience a rise in demand for gas water heaters in commercial sectors. Latin America is expected to exhibit a gradual increase in market penetration as awareness about the benefits of gas water heaters grows among consumers. Overall, the global gas water heater market is set to expand with advancements in technology and increasing emphasis on energy conservation across regions.
Global Gas Water Heater Market |
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 Global Gas Water Heater Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Gas Water Heater Market Revenues & Volume, 2021 & 2031F |
3.3 Global Gas Water Heater Market - Industry Life Cycle |
3.4 Global Gas Water Heater Market - Porter's Five Forces |
3.5 Global Gas Water Heater Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Gas Water Heater Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Gas Water Heater Market Revenues & Volume Share, By Gas Type, 2021 & 2031F |
3.8 Global Gas Water Heater Market Revenues & Volume Share, By Ignition System, 2021 & 2031F |
3.9 Global Gas Water Heater Market Revenues & Volume Share, By Tank Capacity, 2021 & 2031F |
3.10 Global Gas Water Heater Market Revenues & Volume Share, By Energy Efficiency, 2021 & 2031F |
4 Global Gas Water Heater Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Gas Water Heater Market Trends |
6 Global Gas Water Heater Market, 2021 - 2031 |
6.1 Global Gas Water Heater Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Gas Water Heater Market, Revenues & Volume, By Residential, 2021 - 2031 |
6.1.3 Global Gas Water Heater Market, Revenues & Volume, By Commercial, 2021 - 2031 |
6.2 Global Gas Water Heater Market, Revenues & Volume, By Gas Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Gas Water Heater Market, Revenues & Volume, By Natural Gas, 2021 - 2031 |
6.2.3 Global Gas Water Heater Market, Revenues & Volume, By Propane, 2021 - 2031 |
6.2.4 Global Gas Water Heater Market, Revenues & Volume, By Butane, 2021 - 2031 |
6.3 Global Gas Water Heater Market, Revenues & Volume, By Ignition System, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Gas Water Heater Market, Revenues & Volume, By Electronic Ignition, 2021 - 2031 |
6.3.3 Global Gas Water Heater Market, Revenues & Volume, By Pilot Light Ignition, 2021 - 2031 |
6.3.4 Global Gas Water Heater Market, Revenues & Volume, By Source: https://www.marketresearchfuture.com/reports/gas-water-heater-market/toc, 2021 - 2031 |
6.4 Global Gas Water Heater Market, Revenues & Volume, By Tank Capacity, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Gas Water Heater Market, Revenues & Volume, By Up to 40 Gallons, 2021 - 2031 |
6.4.3 Global Gas Water Heater Market, Revenues & Volume, By 40-60 Gallons, 2021 - 2031 |
6.4.4 Global Gas Water Heater Market, Revenues & Volume, By Over 60 Gallons, 2021 - 2031 |
6.5 Global Gas Water Heater Market, Revenues & Volume, By Energy Efficiency, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global Gas Water Heater Market, Revenues & Volume, By Standard Efficiency, 2021 - 2031 |
6.5.3 Global Gas Water Heater Market, Revenues & Volume, By High Efficiency, 2021 - 2031 |
6.5.4 Global Gas Water Heater Market, Revenues & Volume, By Ultra-High Efficiency, 2021 - 2031 |
7 North America Gas Water Heater Market, Overview & Analysis |
7.1 North America Gas Water Heater Market Revenues & Volume, 2021 - 2031 |
7.2 North America Gas Water Heater Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Gas Water Heater Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Gas Water Heater Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Gas Water Heater Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Gas Water Heater Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Gas Water Heater Market, Revenues & Volume, By Gas Type, 2021 - 2031 |
7.5 North America Gas Water Heater Market, Revenues & Volume, By Ignition System, 2021 - 2031 |
7.6 North America Gas Water Heater Market, Revenues & Volume, By Tank Capacity, 2021 - 2031 |
7.7 North America Gas Water Heater Market, Revenues & Volume, By Energy Efficiency, 2021 - 2031 |
8 Latin America (LATAM) Gas Water Heater Market, Overview & Analysis |
8.1 Latin America (LATAM) Gas Water Heater Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Gas Water Heater Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Gas Water Heater Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Gas Water Heater Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Gas Water Heater Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Gas Water Heater Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Gas Water Heater Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Gas Water Heater Market, Revenues & Volume, By Gas Type, 2021 - 2031 |
8.5 Latin America (LATAM) Gas Water Heater Market, Revenues & Volume, By Ignition System, 2021 - 2031 |
8.6 Latin America (LATAM) Gas Water Heater Market, Revenues & Volume, By Tank Capacity, 2021 - 2031 |
8.7 Latin America (LATAM) Gas Water Heater Market, Revenues & Volume, By Energy Efficiency, 2021 - 2031 |
9 Asia Gas Water Heater Market, Overview & Analysis |
9.1 Asia Gas Water Heater Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Gas Water Heater Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Gas Water Heater Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Gas Water Heater Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Gas Water Heater Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Gas Water Heater Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Gas Water Heater Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Gas Water Heater Market, Revenues & Volume, By Gas Type, 2021 - 2031 |
9.5 Asia Gas Water Heater Market, Revenues & Volume, By Ignition System, 2021 - 2031 |
9.6 Asia Gas Water Heater Market, Revenues & Volume, By Tank Capacity, 2021 - 2031 |
9.7 Asia Gas Water Heater Market, Revenues & Volume, By Energy Efficiency, 2021 - 2031 |
10 Africa Gas Water Heater Market, Overview & Analysis |
10.1 Africa Gas Water Heater Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Gas Water Heater Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Gas Water Heater Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Gas Water Heater Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Gas Water Heater Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Gas Water Heater Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Gas Water Heater Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Gas Water Heater Market, Revenues & Volume, By Gas Type, 2021 - 2031 |
10.5 Africa Gas Water Heater Market, Revenues & Volume, By Ignition System, 2021 - 2031 |
10.6 Africa Gas Water Heater Market, Revenues & Volume, By Tank Capacity, 2021 - 2031 |
10.7 Africa Gas Water Heater Market, Revenues & Volume, By Energy Efficiency, 2021 - 2031 |
11 Europe Gas Water Heater Market, Overview & Analysis |
11.1 Europe Gas Water Heater Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Gas Water Heater Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Gas Water Heater Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Gas Water Heater Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Gas Water Heater Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Gas Water Heater Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Gas Water Heater Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Gas Water Heater Market, Revenues & Volume, By Gas Type, 2021 - 2031 |
11.5 Europe Gas Water Heater Market, Revenues & Volume, By Ignition System, 2021 - 2031 |
11.6 Europe Gas Water Heater Market, Revenues & Volume, By Tank Capacity, 2021 - 2031 |
11.7 Europe Gas Water Heater Market, Revenues & Volume, By Energy Efficiency, 2021 - 2031 |
12 Middle East Gas Water Heater Market, Overview & Analysis |
12.1 Middle East Gas Water Heater Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Gas Water Heater Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Gas Water Heater Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Gas Water Heater Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Gas Water Heater Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Gas Water Heater Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Gas Water Heater Market, Revenues & Volume, By Gas Type, 2021 - 2031 |
12.5 Middle East Gas Water Heater Market, Revenues & Volume, By Ignition System, 2021 - 2031 |
12.6 Middle East Gas Water Heater Market, Revenues & Volume, By Tank Capacity, 2021 - 2031 |
12.7 Middle East Gas Water Heater Market, Revenues & Volume, By Energy Efficiency, 2021 - 2031 |
13 Global Gas Water Heater Market Key Performance Indicators |
14 Global Gas Water Heater Market - Export/Import By Countries Assessment |
15 Global Gas Water Heater Market - Opportunity Assessment |
15.1 Global Gas Water Heater Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Gas Water Heater Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Gas Water Heater Market Opportunity Assessment, By Gas Type, 2021 & 2031F |
15.4 Global Gas Water Heater Market Opportunity Assessment, By Ignition System, 2021 & 2031F |
15.5 Global Gas Water Heater Market Opportunity Assessment, By Tank Capacity, 2021 & 2031F |
15.6 Global Gas Water Heater Market Opportunity Assessment, By Energy Efficiency, 2021 & 2031F |
16 Global Gas Water Heater Market - Competitive Landscape |
16.1 Global Gas Water Heater Market Revenue Share, By Companies, 2024 |
16.2 Global Gas Water Heater Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |