United States Connected Water Heater Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 2.0 Billion by 2030, growing at a CAGR of 13.8% from 2024 to 2030.
The US Connected Water Heater Market has witnessed significant growth in recent years, driven by advancements in smart technology and increased consumer demand for energy-efficient solutions. These water heaters are designed to be connected to the internet, allowing users to monitor, control, and optimize energy usage remotely. This innovation is not only convenient for homeowners but has also caught the attention of various industries seeking to improve energy efficiency and reduce operational costs.
The growing demand for connected water heaters in the US can be attributed to several factors. First, rising energy costs have encouraged both residential and commercial sectors to seek energy-efficient appliances. By providing real-time monitoring and smart controls, connected water heaters help users reduce waste, making them an attractive option for those aiming to cut down on energy bills. Additionally, the integration of Internet of Things (IoT) technology allows for seamless automation, meaning these devices can be set to operate according to the user’s schedule, maximizing efficiency without any manual effort.
Industries such as hospitality, healthcare, and manufacturing are increasingly turning to connected water heaters for their commercial facilities. In the hospitality sector, hotels require large volumes of hot water and need solutions that can ensure a constant supply without wasting energy. Connected water heaters allow for better management of these needs, providing insights into water usage patterns and offering the possibility of adjusting operations remotely to optimize performance.
In healthcare, where hot water is critical for hygiene and sanitization, connected water heaters provide valuable data that can improve operations. Hospitals, clinics, and other medical facilities benefit from the ability to monitor water temperature and ensure a steady supply, reducing the risk of downtime or service disruptions. The manufacturing sector also relies on hot water for various processes, and connected systems can optimize energy use, resulting in lower operational costs and enhanced productivity.
The US Connected Water Heater Market continues to grow as industries recognize the numerous advantages of these innovative systems. From energy savings to improved operational efficiency, these smart devices are revolutionizing how businesses and consumers manage their water heating needs.
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A.O.Smith
Haier
Rinnai
Midea
BOSCH
ARISTON
Vanward
Sakura
Guangdong Macro Co.
Ltd
Sacon
Rheem Manufacturing
Siemens
Bajaj Electricals
Bradford White
Crompton Greaves
ELDOMINVEST
Ferroli
Hubbell
Noritz
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Connected Water Heater Market
Electric Connected Water Heaters
Gas Connected Water Heaters
Solar Connected Water Heaters
Heat Pump Connected Water Heaters
Hybrid Connected Water Heaters
Smart IoT-enabled Technology
Wi-Fi Connected Technology
Bluetooth Enabled Systems
Voice-Activated Systems
Remote Monitoring Systems
Residential
Commercial
Industrial
Online Retail
Offline Retail
Distributors and Wholesalers
Residential Applications
Commercial Applications
Industrial Applications
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Connected Water Heater Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Connected Water Heater Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Connected Water Heater Market, By Type
6. US Connected Water Heater Market, By Application
7. US Connected Water Heater Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Connected Water Heater Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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