United States Commercial Water Heater Market, Global Outlook and Forecast 2025-2032- 24 Market Research

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United States commercial water heater market was valued at USD 2.35 billion in 2024 and is projected to reach USD 3.45 billion by 2030, at a CAGR of 6.6% during the forecast period 2024-2030.

Commercial water heaters comprise high-capacity water heating systems designed for business and institutional applications. This category includes various technologies from traditional tank-type to tankless and hybrid systems. Products feature different fuel types, capacity ratings, and efficiency levels suitable for various commercial applications.
The United States commercial water heater market shows steady growth driven by commercial construction and energy efficiency requirements. High-efficiency systems represent 58% of market value. The market benefits from increasing focus on operational cost reduction. Heat pump systems show 22% annual growth. Innovation focuses on smart controls and system efficiency. The sector demonstrates strong integration with building management systems. Distribution maintains comprehensive coverage through commercial channels. The market shows significant replacement cycle potential. Manufacturing efficiency improves through automation. Research emphasizes energy efficiency advancement.

This report contains market size and forecasts of Commercial Water Heater in United States, including the following market information:

United States Commercial Water Heater Market Revenue, 2019-2024, 2025-2032, (D millions)
United States Commercial Water Heater Market Sales, 2019-2024, 2025-2032,
United States Top five Commercial Water Heater companies in 2024 (%)

Report Includes

This report presents an overview of United States market for Commercial Water Heater , sales, revenue and price. Analyses of the United States market trends, with historic market revenue/sales data for 2019 - 2024, estimates for 2025, and projections of CAGR through 2032.

This report focuses on the Commercial Water Heater sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the United States Commercial Water Heater market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues.

This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by Type, and by Sales Channels, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Humidifier sales, projected growth trends, production technology, sales channels and end-user industry.

Segment by Type

Electric Water Heater
Gas Water Heater
Solar Water Heater
Others

Segment by Applications

Healthcare
Hospitality
Education
Others

Key Companies covered in this report:

A. O. Smith
Rheem Manufacturing Company
Bradford White Corporation
Bosch Thermotechnology
State Water Heaters
Lochinvar LLC
Rinnai America Corporation
Noritz America
Hubbell Heaters
GE Appliances
Including or excluding key companies relevant to your analysis.

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Commercial Water Heater revenues in United Statesn market, 2019-2024 (Estimated), (D millions)
Key companies Commercial Water Heater revenues share in United Statesn market, 2024 (%)
Key companies Commercial Water Heater sales in United Statesn market, 2019-2024 (Estimated),
Key companies Commercial Water Heater sales share in United Statesn market, 2024 (%)

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2019-2030 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
United Statesn Market Analysis: The report includes United Statesn market status and outlook 2019-2030. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Commercial Water Heater Market
Overview of the regional outlook of the Commercial Water Heater Market

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations or other strategic documents
The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
6-month post-sales analyst support

We offer additional regional and global reports that are similar:

Global Commercial Water Heater Market
United States Commercial Water Heater Market
Japan Commercial Water Heater Market
Germany Commercial Water Heater Market
South Korea Commercial Water Heater Market
Indonesia Commercial Water Heater Market
Brazil Commercial Water Heater Market

Customization of the Report: In case of any queries or customization requirements, please connect with our sales team, who will ensure that your requirements are meet.

1 STUDY COVERAGE

1.1 Commercial Water Heater Product Introduction

1.2 Market by Type

1.2.1 United Statesn Commercial Water Heater Market Size Growth Rate by Type, 2019 VS 2023 VS 2030

1.2.2 Electric Water Heater

1.2.3 Gas Water Heater

1.2.4 Solar Water Heater

1.2.5 Others

1.3 Market by Application

1.3.1 United States Commercial Water Heater Market Size Growth Rate by Application, 2019 VS 2023 VS 2030

1.3.2   Healthcare

1.3.3   Hospitality

1.3.4   Education

1.3.5   Others

1.4 United States Commercial Water Heater Sales Estimates and Forecasts 2019-2030

1.5 United States Commercial Water Heater Hydrocephalus Shunts Revenue Estimates and Forecasts 2019-2030

1.6 Study Objectives

1.7 Years Considered

2 COMPETITION BY MANUFACTURERS

2.1 United States Commercial Water Heater Sales by Manufacturers

2.1.1 United States Commercial Water Heater Sales by Manufacturers (2019-2024)

2.1.2 United States Commercial Water Heater Sales Market Share by Manufacturers (2019-2024)

2.1.3 Top Largest Manufacturers of Commercial Water Heater in 2023 in United States

2.2 United States Commercial Water Heater Revenue by Manufacturers

2.2.1 United States Commercial Water Heater Revenue by Manufacturers (2019-2024)

2.2.2 United States Commercial Water Heater Revenue Market Share by Manufacturers (2019-2024)

2.2.3 United States Top Companies by Commercial Water Heater Revenue in 2023

2.3 United States Commercial Water Heater Sales Price by Manufacturers (2019-2024)

2.4 Analysis of Competitive Landscape

2.4.1 Manufacturers Market Concentration Ratio (CR3 and HHI)

2.4.2 United States Commercial Water Heater by Company Type (Tier 1, Tier 2, and Tier 3)

2.4.3 United States Commercial Water Heater Manufacturers Geographical Distribution

2.5 Mergers & Acquisitions, Expansion Plans

3 United States Commercial Water Heater MARKET SIZE BY REGION

3.1 Commercial Water Heater Market Size by Region: 2019-2030

3.1.1 United States Commercial Water Heater Sales by Region: 2019-2024

3.1.2 United States Commercial Water Heater Sales Forecast by Region (2025-2030)

3.1.3 United States Commercial Water Heater Revenue by Region: 2019-2024

3.1.4 United States Commercial Water Heater Revenue Forecast by Region (2025-2030)

4 MARKET SIZE BY TYPE

4.1 United States Commercial Water Heater Sales by Type

4.1.1 United States Commercial Water Heater Historical Sales by Type (2019-2024)

4.1.2 United States Commercial Water Heater Forecasted Sales by Type (2025-2030)

4.1.3 United States Commercial Water Heater Sales Market Share by Type (2019-2030)

4.2 United States Commercial Water Heater Revenue by Type

4.2.1 United States Commercial Water Heater Historical Revenue by Type (2019-2024)

4.2.2 United States Commercial Water Heater Forecasted Revenue by Type (2025-2030)

4.2.3 United States Commercial Water Heater Revenue Market Share by Type (2019-2030)

4.3 United States Commercial Water Heater Price by Type

4.3.1 United States Commercial Water Heater Price by Type (2019-2024)

4.3.2 United States Commercial Water Heater Price Forecast by Type (2025-2030)

5 MARKET SIZE BY APPLICATION

5.1 United States Commercial Water Heater Sales by Application

5.1.1 United States Commercial Water Heater Historical Sales by Application (2019-2024)

5.1.2 United States Commercial Water Heater Forecasted Sales by Application (2025-2030)

5.1.3 United States Commercial Water Heater Sales Market Share by Application (2019-2030)

5.2 United States Commercial Water Heater Revenue by Application

5.2.1 United States Commercial Water Heater Historical Revenue by Application (2019-2024)

5.2.2 United States Commercial Water Heater Forecasted Revenue by Application (2025-2030)

5.2.3 United States Commercial Water Heater Revenue Market Share by Application (2019-2030)

5.3 United States Commercial Water Heater Price by Application

5.3.1 United States Commercial Water Heater Price by Application (2019-2024)

5.3.2 United States Commercial Water Heater Price Forecast by Application (2025-2030)

6. CORPORATE PROFILE

6.1 A. O. Smith

6.1.1 A. O. Smith Corporation Information

6.1.2 A. O. Smith Overview

6.1.3 A. O. Smith in United States: Commercial Water Heater Sales, Price, Revenue and Gross Margin (2019-2024)

6.1.4 A. O. Smith Commercial Water Heater Product Introduction

6.1.5 A. O. Smith Recent Developments

6.2 Rheem Manufacturing Company

6.2.1 Rheem Manufacturing Company Corporation Information

6.2.2 Rheem Manufacturing Company Overview

6.2.3 Rheem Manufacturing Company in United States: Commercial Water Heater Sales, Price, Revenue and Gross Margin (2019-2024)

6.2.4 Rheem Manufacturing Company Commercial Water Heater Product Introduction

6.2.5 Rheem Manufacturing Company Recent Developments

6.3 Bradford White Corporation

6.3.1 Bradford White Corporation Corporation Information

6.3.2 Bradford White Corporation Overview

6.3.3 Bradford White Corporation in United States: Commercial Water Heater Sales, Price, Revenue and Gross Margin (2019-2024)

6.3.4 Bradford White Corporation Commercial Water Heater Product Introduction

6.3.5 Bradford White Corporation Recent Developments

6.4 Bosch Thermotechnology

6.4.1 Bosch Thermotechnology Corporation Information

6.4.2 Bosch Thermotechnology Overview

6.4.3 Bosch Thermotechnology in United States: Commercial Water Heater Sales, Price, Revenue and Gross Margin (2019-2024)

6.4.4 Bosch Thermotechnology Commercial Water Heater Product Introduction

6.4.5 Bosch Thermotechnology Recent Developments

6.5 State Water Heaters

6.5.1 State Water Heaters Corporation Information

6.5.2 State Water Heaters Overview

6.5.3 State Water Heaters in United States: Commercial Water Heater Sales, Price, Revenue and Gross Margin (2019-2024)

6.5.4 State Water Heaters Commercial Water Heater Product Introduction

6.5.5 State Water Heaters Recent Developments

6.6 Lochinvar LLC

6.6.1 Lochinvar LLC Corporation Information

6.6.2 Lochinvar LLC Overview

6.6.3 Lochinvar LLC in United States: Commercial Water Heater Sales, Price, Revenue and Gross Margin (2019-2024)

6.6.4 Lochinvar LLC Commercial Water Heater Product Introduction

6.6.5 Lochinvar LLC Recent Developments

6.7 Rinnai America Corporation

6.7.1 Rinnai America Corporation Corporation Information

6.7.2 Rinnai America Corporation Overview

6.7.3 Rinnai America Corporation in United States: Commercial Water Heater Sales, Price, Revenue and Gross Margin (2019-2024)

6.7.4 Rinnai America Corporation Commercial Water Heater Product Introduction

6.7.5 Rinnai America Corporation Recent Developments

6.8 Noritz America

6.8.1 Noritz America Corporation Information

6.8.2 Noritz America Overview

6.8.3 Noritz America in United States: Commercial Water Heater Sales, Price, Revenue and Gross Margin (2019-2024)

6.8.4 Noritz America Commercial Water Heater Product Introduction

6.8.5 Noritz America Recent Developments

6.9 Hubbell Heaters

6.9.1 Hubbell Heaters Corporation Information

6.9.2 Hubbell Heaters Overview

6.9.3 Hubbell Heaters in United States: Commercial Water Heater Sales, Price, Revenue and Gross Margin (2019-2024)

6.9.4Hubbell Heaters Commercial Water Heater Product Introduction

6.9.5 Hubbell Heaters Recent Developments

6.10 GE Appliances

6.10.1 GE Appliances Corporation Information

6.10.2 GE Appliances Overview

6.10.3 GE Appliances in United States: Commercial Water Heater Sales, Price, Revenue and Gross Margin (2019-2024)

6.10.4 GE Appliances Commercial Water Heater Product Introduction

6.10.5 GE Appliances Recent Developments

7 INDUSTRY CHAIN AND SALES CHANNELS ANALYSIS

7.1 Commercial Water Heater Industry Chain Analysis

7.2 Commercial Water Heater Key Raw Materials

7.2.1 Key Raw Materials

7.2.2 Raw Materials Key Suppliers

7.3 Commercial Water Heater Production Mode & Process

7.4 Commercial Water Heater Sales and Marketing

7.4.1 Commercial Water Heater Sales Channels

7.4.2 Commercial Water Heater Distributors

7.5 Commercial Water Heater Customers

8 Commercial Water Heater MARKET DYNAMICS

8.1.1 Commercial Water Heater Industry Trends

8.1.2 Commercial Water Heater Market Drivers

8.1.3 Commercial Water Heater Market Challenges

8.1.4 Commercial Water Heater Market Restraints

9 KEY FINDINGS IN THE United States Commercial Water Heater STUDY

10 APPENDIX

10.1 Research Methodology

10.1.1 Methodology/Research Approach

10.1.2 Data Source

10.2 Author Details

10.3 Disclaimer

LIST OF TABLES & FIGURES

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United States Commercial Water Heater Market, Global Outlook and Forecast 2025-2032