North America Connected Water Heater Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 1.1 Billion by 2030, growing at a CAGR of 12.0% from 2024 to 2030.
The North America Connected Water Heater Market is experiencing rapid growth, driven by the increasing demand for energy-efficient, smart home technologies. Consumers are seeking ways to reduce their utility costs while simultaneously improving their home's convenience and automation. As more households embrace the Internet of Things (IoT), connected water heaters have emerged as an integral part of smart homes, offering features such as remote control, scheduling, and energy consumption monitoring. These systems allow users to control the temperature of their water heaters via smartphones or voice commands, creating a more personalized and efficient experience.
Industries across North America are increasingly recognizing the need for these advanced technologies in both residential and commercial settings. For instance, businesses are integrating connected water heaters into their facilities to optimize energy use and reduce operational costs. With businesses aiming for sustainability and reduced energy consumption, connected water heaters provide an ideal solution. Commercial facilities, such as hotels, gyms, and office buildings, benefit from the ability to manage large-scale water heating operations remotely, ensuring consistent performance and operational savings.
The growing demand for connected water heaters is also influenced by regulatory pressures and government initiatives aimed at reducing energy consumption and carbon footprints. Energy-saving programs and tax incentives encourage both residential and commercial consumers to invest in modern, energy-efficient solutions. Additionally, the integration of renewable energy sources, such as solar power, with connected water heaters further enhances the sustainability of these systems.
As we move toward a more sustainable future, the North America Connected Water Heater Market is poised for significant expansion. The rise in IoT-enabled appliances and the increasing need for cost-effective, efficient, and eco-friendly solutions will continue to drive market growth in the region. North America Connected Water Heater Market.
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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 North America Connected Water Heater Market
Commercial
Household
Other
Based on Types the Market is categorized into Below types that held the largest Connected Water Heater market share In 2023.
Electric Water Heater
Gas Water Heater
Other
North America (United States, North America 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 North America 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. North America Connected Water Heater Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Connected Water Heater Market, By Type
6. North America Connected Water Heater Market, By Application
7. North America Connected Water Heater Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Connected Water Heater Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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