According to our (Global Info Research) latest study, the global Commercial Gas Storage Water Heater market size was valued at US$ 3461 million in 2024 and is forecast to a readjusted size of USD 4524 million by 2031 with a CAGR of 3.9% 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.
Gas storage water heater (sometimes also called vertical hot water boiler) refers to a device that uses gas as energy, heats a certain amount of cold water stored in the inner tank through the heat generated by gas combustion, and stores the water in the inner tank after it reaches a predetermined temperature, so as to meet the requirements of domestic hot water and heating. Gas water heater is a hot water device designed for commercial use, widely used in hotels, restaurants, bath centers, hospitals, schools and other places.
As an important equipment for commercial hot water supply, commercial storage gas water heaters play an irreplaceable role in catering, hotels, hospitals and other places. With the advancement of technology and the increasing diversification of consumer needs, commercial storage gas water heaters are showing strong development momentum and presenting a series of obvious trends.
Under the global low-carbon development trend, commercial storage gas water heaters will pay more attention to energy efficiency improvement and emission reduction. By optimizing the combustion system and heat exchange technology, the water heater will be able to make fuller use of gas, improve energy utilization, and reduce emissions at the same time, in line with the requirements of modern commercial places for energy conservation and environmental protection. In addition, some high-end models are also equipped with heat recovery systems that can recover heat from exhaust gases to further reduce energy consumption.
With the expansion of commercial places and the increase in hot water demand, commercial storage gas water heaters are moving towards large capacity and diversification. Large capacity means that more people's hot water needs can be met, while diversification is reflected in the models, specifications and functions of the water heaters. For example, some water heaters may have different heating methods, temperature settings and water outlet methods to meet the needs of different commercial places.
Safety is always the basic requirement for commercial storage gas water heaters. In the future, water heaters will pay more attention to safety design and adopt multiple safety protection measures, such as anti-dry burning, anti-overheating, anti-leakage, etc., to ensure the safety of users. At the same time, water heaters also need to have high reliability and be able to maintain a stable working state during long-term use to reduce failures and maintenance costs.
This report is a detailed and comprehensive analysis for global Commercial Gas 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 Gas Storage Water Heater market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Commercial Gas Storage Water Heater market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Commercial Gas Storage Water Heater market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Commercial Gas Storage Water Heater market shares of main players, shipments in revenue ($ 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 Gas 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 Gas 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, Gree, Bosch, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Commercial Gas 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
Gree
Bosch
Bradford White
Navien
American Standard
Purpose Co
Intellihot
Thermann
Macro (Guangdong Shunna Electric)
Shanghai OTT Electrical
Guangdong Vanward New Electric
Guangdong Jianggong Electric
Ferroli
Fangkuai Boiler
Guangdong Shengduyangguang
Foshan Soopoen
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 Gas Storage Water Heater product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Commercial Gas Storage Water Heater, with price, sales quantity, revenue, and global market share of Commercial Gas Storage Water Heater from 2020 to 2025.
Chapter 3, the Commercial Gas 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 Gas 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 Gas 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 Gas Storage Water Heater.
Chapter 14 and 15, to describe Commercial Gas Storage Water Heater sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Commercial Gas Storage Water Heater. Industry analysis & Market Report on Commercial Gas Storage Water Heater is a syndicated market report, published as Global Commercial Gas Storage Water Heater Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031. It is complete Research Study and Industry Analysis of Commercial Gas Storage Water Heater market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.