Growing awareness toward new technologies and product diversity along with rising demand for instant hot water supply across care centers, offices and hospitals will enhance the U.S. commercial water heater market, according to a study by Global Market Insights. In fact, this market segment is expected to grow to $95 million by 2025 at a CAGR of 6%, the firm says.
“Energy and space savings (the consumer’s awareness for green products) is still the No. 1 trend for tankless water heater systems in commercial applications,” says Chia Lin, product manager — water heaters, Navien. “This is followed by an increased demand for smart water heaters, and ability to cascade multiple units together along with ready-link racks to meet higher volume demands of large commercial applications.”