According to our (Global Info Research) latest study, the global Commercial Electric Storage Water Heater market size was valued at US$ 2548 million in 2024 and is forecast to a readjusted size of USD 3353 million by 2031 with a CAGR of 4.0% during review period.
In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.
Commercial electric water heaters are widely used in commercial and industrial environments to heat and store hot water to meet the needs of catering, medical, hotel, laundry and other commercial places. Such equipment usually has a larger capacity and higher heating efficiency to adapt to higher water demand.
Storage electric water heaters refer to fixed appliances that heat water. They can store hot water for a long time or temporarily and are equipped with devices to control or limit the water temperature. Storage electric water heaters are easy to install and relatively cheap, but they need to be heated for a long time and can only be used after reaching a certain temperature.
Commercial electric water heaters are mainly used to meet the hot water needs of commercial places such as hotels, schools, hospitals, restaurants, and gyms. These places usually require a continuous and large supply of hot water, which has promoted the development of the commercial electric water heater market. As consumers' pursuit of quality of life continues to improve, commercial places have increasingly higher requirements for the safety, energy saving, and intelligence of water heaters. This has prompted commercial electric water heater manufacturers to continuously develop new technologies and new products to meet market demand.
With the continuous improvement of energy efficiency standards, commercial electric water heater manufacturers are committed to developing more efficient and energy-saving products. This not only helps to reduce energy consumption, but also reduces operating costs and improves the market competitiveness of products. Intelligence has become an important development trend of commercial electric water heaters. By introducing Internet of Things technology, artificial intelligence technology, etc., functions such as remote monitoring and intelligent control can be realized to improve the convenience and comfort of products.
The government has introduced a series of green energy-saving policies to encourage enterprises to develop and produce efficient and energy-saving water heater products. This helps to promote technological progress and industrial upgrading in the commercial electric water heater industry. The government also promotes the replacement of home appliances and consumption upgrades through policy measures such as home appliances going to the countryside and old for new. These policies indirectly promote the development of the commercial electric water heater market.
This report is a detailed and comprehensive analysis for global Commercial Electric Storage Water Heater market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Commercial Electric Storage Water Heater market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Commercial Electric Storage Water Heater market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Commercial Electric Storage Water Heater market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Commercial Electric Storage Water Heater market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Commercial Electric Storage Water Heater
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Commercial Electric Storage Water Heater market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include A. O. Smith (including State etc), Rinnai, Paloma (including Rheem etc), Midea, Ariston Thermo, Haier, Whirlpool, Noritz, Bosch, Bradford White, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Commercial Electric Storage Water Heater market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Light
Heavy Duty
Market segment by Application
Hotel and Apartment
Catering Service
School
Office Building
Hospital
Gym
Government
Others
Major players covered
A. O. Smith (including State etc)
Rinnai
Paloma (including Rheem etc)
Midea
Ariston Thermo
Haier
Whirlpool
Noritz
Bosch
Bradford White
American Standard
Thermann
Macro (Guangdong Shunna Electric)
Shanghai OTT Electrical
Itomic
Guangdong Vanward New Electric
Guangdong Jianggong Electric
Ferroli
Guangdong Shengduyangguang
Foshan Soopoen
JNOD
Seiwa Industrial
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Commercial Electric Storage Water Heater product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Commercial Electric Storage Water Heater, with price, sales quantity, revenue, and global market share of Commercial Electric Storage Water Heater from 2020 to 2025.
Chapter 3, the Commercial Electric Storage Water Heater competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Commercial Electric Storage Water Heater breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Commercial Electric Storage Water Heater market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Commercial Electric Storage Water Heater.
Chapter 14 and 15, to describe Commercial Electric Storage Water Heater sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Commercial Electric Storage Water Heater. Industry analysis & Market Report on Commercial Electric Storage Water Heater is a syndicated market report, published as Global Commercial Electric Storage Water Heater Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031. It is complete Research Study and Industry Analysis of Commercial Electric Storage Water Heater market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.