Household Storage Water Heater Market
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Household Storage Water Heater Market Size and Growth
The Household Storage Water Heater market is experiencing steady growth, driven by increased energy efficiency demands and residential expansion. In 2023, the global market size is estimated at approximately $25 billion, with a projected CAGR of 4% through 2028, reflecting rising consumer demand for reliable and sustainable water heating solutions.
Companies Covered
(Covid 19 Impact Covered)
◍ Rheem Manufacturing Company
◍ A.O. Smith
◍ Bradford White
◍ Bosch
◍ Whirlpool
◍ Ariston Thermo Group
◍ Noritz
◍ EcoSmart
◍ Stiebel Eltron
◍ Eemax
The Household Storage Water Heater Market features key players like Rheem, A.O. Smith, and Bradford White. These companies drive market growth through innovative technologies, energy-efficient models, and extensive distribution networks. Their strategic marketing and diverse product offerings contribute to increasing consumer demand and enhancing market share. Revenue figures include:
- Rheem: ~$2 billion
- A.O. Smith: ~$3 billion
- Bradford White: Revenue undisclosed, but significant.
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Market Segmentation
By Application
bathing
washing
dishwashing
hotels
restaurants
homes
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By Product
Electric Water Heater
Gas Water Heater
Solar Water Heater
Market Growth
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$ X Billion USD
