North American water heater market is anticipated to grow at a CAGR 4.7% during the forecast period. North American water heater market has been continuously growing attributed to high demand for heating appliances owing to the cold weather condition. Additionally, El Niño/Southern oscillation has a major impact on climate patterns in various parts of the region. El Niño results in unpredictable weather, flooding, and harsh wet winter which triggers the demand for heating appliance. Every year, more than 9 million water heaters are sold in the US which implies that there is a high demand for water heater in North America. Further, as per Natural Resources Canada (NRCan), an average of 75 liters of hot water is used at home in Canada every day for washing dishes and clothing, cleaning, and showering or bathing.
(Get 15% Discount on Buying this Report)
Get Report Sample Copy @ https://www.omrglobal.com/request-sample/north-american-water-heater-market
Major factor attributing to the dominance include presence of major market players in the US and Canada. Another factor attributing to the high penetration rate in the US and Canada. Some of the factors attributing to the dominance of the US include high penetration, and more population as compared to Canada. A.O. Smith Corp. is considered as the largest player in water heater market in North America with net sales of $3.2 billion in 2018. The company has a strong sale in North American region which account for around 60% of total sales. The company also provided its water heater solutions to Canada, China, India, and Mexico. In China, the company sells water heaters in more than 9,000 retail outlets. The company has a significant presence in more than 60 countries across the globe.
A Full Report of Global IoT Sensors Market is Available at: https://www.omrglobal.com/industry-reports/north-american-water-heater-market
Market Segmentation
North American Water Heater Market by Energy Source
- Gas
- Electricity Water Heaters
- Hybrid Water Heaters
- Solar Water Heaters
North American Water Heater Market by Mode of Water Supply
- On-Demand Or Tankless Water Heaters
- Storage Or Tank Water Heaters
North American Water Heater Market by End-User
- Residential
- Commercial
- Industrial
Regional Analysis
- North American
- United States
- Canada
Company Profiles
- O. Smith Corp.
- Bradford White Corp.
- EcoSmart
- General Electric
- Goodman
- HTP Comfort Solutions LLC.
- NORITZ Corp.
- Rheem Manufacturing Company, Inc.
Reasons to Buying From us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/north-american-water-heater-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
