Commercial Water Heaters Market to Reach $12 Billion by 2030, Driven by Urbanization and Energy Efficiency
• Global commercial water heaters market size estimated at $7.5 billion in 2023, projecting to reach $12.36 billion by 2030 at a 7.39% CAGR • Market share analysis provides in-depth examination of vendor performance, competitive landscape, key metrics • Drivers include urbanization, commercial sector growth, energy efficiency initiatives • Restraints involve high capital costs, operational losses • Key players include A.O Smith, American Water Heaters, Ariston Holding, Bradford White, Daikin Industries