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A comprehensive overview of the Global Commercial Water Heaters Market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Commercial Water Heaters Market in the Global context. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the Global Commercial Water Heaters Market at the regional & country levels.
Market Overview
The growth of Commercial Water Heaters Market expanded significantly over recent years, underpinned by flourishing Global Commercial Sector, increasing Demand for Energy-Efficient Water Heaters, and ongoing initiatives by Governments to Promote Use of Renewable Energy-Based Water Heaters.
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COVID-19 Impact
The impact of the COVID-19 pandemic is being felt in global real estate markets, with commercial real estate investment volumes falling across all three regions in the first half of the year. Direct commercial real estate investment fell 29 percent globally to $321 billion in the first six months of 2020 compared to the year-earlier period, according to data from JLL. The drop came amid widespread lockdowns and travel restrictions that stalled investors’ short-term capital deployment plans.
The CRE macro environment is being impacted similarly. But there is a dichotomy in operating fundamentals among property types—industrial real estate, health care, data centers, and cell towers have been positively disrupted, while offices, hotels, and retail have felt the negative effects. Global CRE deal volume declined 36% year over year (YoY) to US$306B in 2Q20 due to economic stagnation and an uncertain pricing environment.
The above factors have also made the decline in the sales of commercial water heaters as hospitality & office sector was severely hit by the pandemic. However, on the flip side due to rise in hospitals admissions & new construction it also made a way into these establishments thereby making the commercial water heaters market making the portion of their losses in initial pandemic timeframe.
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Global Commercial Water Heaters Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Type, the market is primarily bifurcated into:
The Electric segment dominated the Commercial Water Heaters Market and accounted for X% market share. This segment will witness a considerable CAGR of X% during the forecast period (2021-2027F) as Electric water heaters offer exceptionally high operational efficiency ranging from 95% to 98%.
By Liter, the market is primarily studied into:
The Below 500 Liters segment generated revenue of USD X billion in 2020. The segment is expected to grow at a CAGR of X% during the forecast period to reach a market valuation of USD X billion by 2027 due to water heaters falling under this category are compact and hence, are easy to install.
Global Commercial Water Heaters Market Region Segmentation Includes:
Based on the estimation, Asia Pacific dominated the market in 2020 and is expected to maintain its dominance during the forecast period (2021-2027).
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The major players targeting the market includes:
Competitive Landscape
The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating in the Global context. The specialist team of research analysts sheds light on various traits such as Global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Global Commercial Water Heaters Market. The major players have been analyzed using different research methodologies for getting insight views on market competition.
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Key questions resolved through this analytical market research report include:
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