United States (US) Commercial Water Heaters Market (2025-2031) Outlook | Revenue, Industry, Share, Value, Forecast, Trends, Size, Growth, Analysis & Companies

Market Forecast By Type (Electric, Gas, Oil, Heat Pump, Solar, Hybrid & Others), By Liter (Below 500 Liters, 500-1,000 Liters, 1,000-3,000 Liters, 3,000-4,000 Liters, Above 4,000 Liters), By Rated Capacity (Up to 10kW, 10-50kW, 50-150kW & more) And Competitive Landscape
Product Code: ETC4521302 Publication Date: Jul 2023 Updated Date: Nov 2025 Product Type: Report
Publisher: 6Wresearch Author: Summon Dutta No. of Pages: 85 No. of Figures: 45 No. of Tables: 25

United States (US) Commercial Water Heaters Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, the United States saw a notable shift in the commercial water heaters import market, with top exporters including China, Mexico, Canada, UK, and Sweden. The market experienced a significant decrease in concentration levels, moving from high concentration in 2023 to very low concentration in 2024. This shift may indicate increased competition and diversification among suppliers. The negative CAGR of -1.33% over the period of 2020-2024, along with a steep decline in growth rate of -35.34% from 2023 to 2024, suggests a challenging environment for commercial water heater imports in the US.

United States (US) Commercial Water Heaters Market Top 5 Importing Countries and Market Competition (HHI) Analysis

United States (US) Commercial Water Heaters Market Synopsis

The United States Commercial Water Heaters Market is a thriving industry driven by factors such as increasing demand for energy-efficient and eco-friendly heating solutions in commercial buildings, hotels, hospitals, and other industrial applications. Natural gas and electric water heaters are the most commonly used types in this market, offering varying capacities to meet the diverse needs of commercial establishments. With a trend towards smart and connected technologies, manufacturers are introducing advanced features such as remote monitoring and control capabilities to enhance efficiency and convenience for users. The market is also witnessing a shift towards tankless water heaters due to their space-saving design and on-demand hot water supply. Key players in the US Commercial Water Heaters Market include Rheem Manufacturing Company, A.O. Smith Corporation, and Bradford White Corporation, among others.

United States (US) Commercial Water Heaters Market Trends

The US Commercial Water Heaters Market is witnessing a growing demand for energy-efficient and environmentally friendly solutions. This trend is driven by increased focus on sustainability and energy savings among commercial property owners and operators. Manufacturers are responding by developing innovative products that offer higher energy efficiency, better performance, and lower operating costs. Additionally, there is a rising interest in smart water heaters that can be remotely controlled and monitored for improved efficiency and convenience. Opportunities in the market lie in the adoption of renewable energy sources such as solar thermal water heating systems for commercial applications, as well as the integration of Internet of Things (IoT) technology for smart water management solutions. Overall, the market is poised for growth as businesses seek to reduce their environmental footprint and operating costs through advanced water heating solutions.

United States (US) Commercial Water Heaters Market Challenges

In the US Commercial Water Heaters Market, some key challenges include the increasing demand for energy-efficient and environmentally friendly solutions, stringent government regulations regarding energy efficiency standards, and the need for advanced technologies to meet the diverse needs of commercial customers. Additionally, fluctuating raw material costs, intense competition among key players, and the impact of the COVID-19 pandemic on construction and renovation projects have also posed challenges to market growth. Companies operating in this sector need to continuously innovate and invest in research and development to stay ahead in the market, while also navigating complex regulatory landscapes and balancing cost considerations with the growing demand for sustainable solutions.

United States (US) Commercial Water Heaters Market Investment Opportunities

The United States Commercial Water Heaters Market is primarily driven by factors such as increasing demand for energy-efficient and sustainable heating solutions, stringent regulations promoting the adoption of eco-friendly technologies, and the growth of the construction industry. Rising awareness about energy conservation and the need to reduce operational costs are compelling commercial establishments to invest in high-efficiency water heating systems. Additionally, advancements in technology, such as the integration of smart features for remote monitoring and control, are also influencing the market growth. The replacement and renovation of aging infrastructure, coupled with the expanding hospitality and healthcare sectors, further contribute to the increasing demand for commercial water heaters in the US market.

United States (US) Commercial Water Heaters Market Government Policie

Government policies related to the US Commercial Water Heaters Market primarily focus on energy efficiency standards and regulations. The US Department of Energy sets minimum efficiency requirements for commercial water heaters to promote energy conservation and reduce greenhouse gas emissions. These standards drive manufacturers to produce more efficient products, such as condensing water heaters and heat pump water heaters, to meet the mandated efficiency levels. Additionally, the Energy Star program certifies qualifying commercial water heaters that exceed the minimum efficiency standards, providing incentives for businesses to choose more environmentally friendly options. Compliance with these regulations is crucial for manufacturers and distributors in the US Commercial Water Heaters Market to ensure market competitiveness and sustainability in the evolving regulatory landscape.

United States (US) Commercial Water Heaters Market Future Outlook

The United States Commercial Water Heaters Market is expected to witness steady growth in the coming years due to factors such as increasing demand for energy-efficient solutions, growing commercial construction activities, and stringent regulations promoting the use of sustainable technologies. The market is also likely to benefit from advancements in technology, leading to the development of smart and connected water heaters that offer improved efficiency and performance monitoring capabilities. Additionally, the rising focus on reducing carbon emissions and promoting eco-friendly practices is expected to drive the adoption of green water heating solutions in commercial buildings. Overall, the US Commercial Water Heaters Market is poised for expansion, with manufacturers focusing on innovation and product differentiation to cater to the evolving needs of commercial customers.

Key Highlights of the Report:

  • United States (US) Commercial Water Heaters Market Outlook
  • Market Size of United States (US) Commercial Water Heaters Market, 2024
  • Forecast of United States (US) Commercial Water Heaters Market, 2031
  • Historical Data and Forecast of United States (US) Commercial Water Heaters Revenues & Volume for the Period 2021 - 2031
  • United States (US) Commercial Water Heaters Market Trend Evolution
  • United States (US) Commercial Water Heaters Market Drivers and Challenges
  • United States (US) Commercial Water Heaters Price Trends
  • United States (US) Commercial Water Heaters Porter's Five Forces
  • United States (US) Commercial Water Heaters Industry Life Cycle
  • Historical Data and Forecast of United States (US) Commercial Water Heaters Market Revenues & Volume By Type for the Period 2021 - 2031
  • Historical Data and Forecast of United States (US) Commercial Water Heaters Market Revenues & Volume By Electric for the Period 2021 - 2031
  • Historical Data and Forecast of United States (US) Commercial Water Heaters Market Revenues & Volume By Gas for the Period 2021 - 2031
  • Historical Data and Forecast of United States (US) Commercial Water Heaters Market Revenues & Volume By Oil for the Period 2021 - 2031
  • Historical Data and Forecast of United States (US) Commercial Water Heaters Market Revenues & Volume By Heat Pump for the Period 2021 - 2031
  • Historical Data and Forecast of United States (US) Commercial Water Heaters Market Revenues & Volume By Solar for the Period 2021 - 2031
  • Historical Data and Forecast of United States (US) Commercial Water Heaters Market Revenues & Volume By Hybrid & Others for the Period 2021 - 2031
  • Historical Data and Forecast of United States (US) Commercial Water Heaters Market Revenues & Volume By Liter for the Period 2021 - 2031
  • Historical Data and Forecast of United States (US) Commercial Water Heaters Market Revenues & Volume By Below 500 Liters for the Period 2021 - 2031
  • Historical Data and Forecast of United States (US) Commercial Water Heaters Market Revenues & Volume By 500-1,000 Liters for the Period 2021 - 2031
  • Historical Data and Forecast of United States (US) Commercial Water Heaters Market Revenues & Volume By 1,000-3,000 Liters for the Period 2021 - 2031
  • Historical Data and Forecast of United States (US) Commercial Water Heaters Market Revenues & Volume By 3,000-4,000 Liters for the Period 2021 - 2031
  • Historical Data and Forecast of United States (US) Commercial Water Heaters Market Revenues & Volume By Above 4,000 Liters for the Period 2021 - 2031
  • Historical Data and Forecast of United States (US) Commercial Water Heaters Market Revenues & Volume By Rated Capacity for the Period 2021 - 2031
  • Historical Data and Forecast of United States (US) Commercial Water Heaters Market Revenues & Volume By Up to 10kW for the Period 2021 - 2031
  • Historical Data and Forecast of United States (US) Commercial Water Heaters Market Revenues & Volume By 10-50kW for the Period 2021 - 2031
  • Historical Data and Forecast of United States (US) Commercial Water Heaters Market Revenues & Volume By 50-150kW & more for the Period 2021 - 2031
  • United States (US) Commercial Water Heaters Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Liter
  • Market Opportunity Assessment By Rated Capacity
  • United States (US) Commercial Water Heaters Top Companies Market Share
  • United States (US) Commercial Water Heaters Competitive Benchmarking By Technical and Operational Parameters
  • United States (US) Commercial Water Heaters Company Profiles
  • United States (US) Commercial Water Heaters Key Strategic Recommendations

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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 United States (US) Commercial Water Heaters Market Overview

3.1 United States (US) Country Macro Economic Indicators

3.2 United States (US) Commercial Water Heaters Market Revenues & Volume, 2021 & 2031F

3.3 United States (US) Commercial Water Heaters Market - Industry Life Cycle

3.4 United States (US) Commercial Water Heaters Market - Porter's Five Forces

3.5 United States (US) Commercial Water Heaters Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 United States (US) Commercial Water Heaters Market Revenues & Volume Share, By Liter, 2021 & 2031F

3.7 United States (US) Commercial Water Heaters Market Revenues & Volume Share, By Rated Capacity, 2021 & 2031F

4 United States (US) Commercial Water Heaters Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for energy-efficient water heating solutions

4.2.2 Growth in the construction industry, leading to higher demand for commercial buildings

4.2.3 Stringent regulations promoting the use of energy-efficient appliances

4.3 Market Restraints

4.3.1 Volatility in raw material prices affecting production costs

4.3.2 Competition from alternative water heating technologies such as solar water heaters

4.3.3 Slowdown in commercial construction activity due to economic conditions

5 United States (US) Commercial Water Heaters Market Trends

6 United States (US) Commercial Water Heaters Market, By Types

6.1 United States (US) Commercial Water Heaters Market, By Type

6.1.1 Overview and Analysis

6.1.2 United States (US) Commercial Water Heaters Market Revenues & Volume, By Type, 2021 - 2031F

6.1.3 United States (US) Commercial Water Heaters Market Revenues & Volume, By Electric, 2021 - 2031F

6.1.4 United States (US) Commercial Water Heaters Market Revenues & Volume, By Gas, 2021 - 2031F

6.1.5 United States (US) Commercial Water Heaters Market Revenues & Volume, By Oil, 2021 - 2031F

6.1.6 United States (US) Commercial Water Heaters Market Revenues & Volume, By Heat Pump, 2021 - 2031F

6.1.7 United States (US) Commercial Water Heaters Market Revenues & Volume, By Solar, 2021 - 2031F

6.1.8 United States (US) Commercial Water Heaters Market Revenues & Volume, By Hybrid & Others, 2021 - 2031F

6.2 United States (US) Commercial Water Heaters Market, By Liter

6.2.1 Overview and Analysis

6.2.2 United States (US) Commercial Water Heaters Market Revenues & Volume, By Below 500 Liters, 2021 - 2031F

6.2.3 United States (US) Commercial Water Heaters Market Revenues & Volume, By 500-1,000 Liters, 2021 - 2031F

6.2.4 United States (US) Commercial Water Heaters Market Revenues & Volume, By 1,000-3,000 Liters, 2021 - 2031F

6.2.5 United States (US) Commercial Water Heaters Market Revenues & Volume, By 3,000-4,000 Liters, 2021 - 2031F

6.2.6 United States (US) Commercial Water Heaters Market Revenues & Volume, By Above 4,000 Liters, 2021 - 2031F

6.3 United States (US) Commercial Water Heaters Market, By Rated Capacity

6.3.1 Overview and Analysis

6.3.2 United States (US) Commercial Water Heaters Market Revenues & Volume, By Up to 10kW, 2021 - 2031F

6.3.3 United States (US) Commercial Water Heaters Market Revenues & Volume, By 10-50kW, 2021 - 2031F

6.3.4 United States (US) Commercial Water Heaters Market Revenues & Volume, By 50-150kW & more, 2021 - 2031F

7 United States (US) Commercial Water Heaters Market Import-Export Trade Statistics

7.1 United States (US) Commercial Water Heaters Market Export to Major Countries

7.2 United States (US) Commercial Water Heaters Market Imports from Major Countries

8 United States (US) Commercial Water Heaters Market Key Performance Indicators

8.1 Energy efficiency ratings of commercial water heaters

8.2 Number of new commercial building permits issued

8.3 Adoption rate of energy-efficient water heating solutions

8.4 Average lifespan of commercial water heaters

8.5 Maintenance and repair costs for commercial water heaters

9 United States (US) Commercial Water Heaters Market - Opportunity Assessment

9.1 United States (US) Commercial Water Heaters Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 United States (US) Commercial Water Heaters Market Opportunity Assessment, By Liter, 2021 & 2031F

9.3 United States (US) Commercial Water Heaters Market Opportunity Assessment, By Rated Capacity, 2021 & 2031F

10 United States (US) Commercial Water Heaters Market - Competitive Landscape

10.1 United States (US) Commercial Water Heaters Market Revenue Share, By Companies, 2024

10.2 United States (US) Commercial Water Heaters Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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