How Gas Water Heaters Has Been Favorable for Individuals and Industries

Nowadays, most homes across the globe consider gas water heaters as ideal winter heating appliances. Gas water heaters are more efficient than electric water heaters as they do not rely on a power supply. They offer hot water through a gas-fired burner attached to pipes. Gas water heaters are pumped with natural gas, which makes them more cost-effective. Moreover, they are widely known for offering a continuous hot water supply as they provide more gallons per minute of hot water than electric heaters. This makes them a better option for on-demand hot water supply for household needs. This article covers the key benefits of using a gas water heater and the crucial facets driving the gas water heater market, such as favorable product launches by leading companies in the industry.

Benefits of gas water heater:

Gas water heaters are highly beneficial for larger families as they can provide hot water two times faster than electric water heaters, fulfilling the on-demand requirements. This is mainly because they possess a higher recovery rate. Furthermore, the major advantage of using gas water heaters is they can provide hot water even in case of power outages, stressing out the cold showers in winter. In addition, they are highly cost-effective because of their lower thermal resistance and capability to deliver hot water at a very low cost. Such benefits of gas water heaters have enhanced their usage for commercial as well as residential purposes, bringing numerous growth opportunities for the market.

Furthermore, gas water heaters are environmentally friendly. Many researchers found that water heaters powered by natural gas emit less greenhouse gases than electric water heaters, providing eco-friendly and budget-friendly alternatives. Moreover, gas water heaters have a lower purchase price and are smooth to run. They can significantly reduce power bills compared to electric water heaters. Additionally, gas water heaters can offer cleaner hot water as they can heat water directly from the pipes, eliminating the need to heat stored water from tanks. They can further help in reducing the risk of Legionnaires’ disease, which is caused by the growth of legionella bacteria in moist environments.

The gas water heater market is witnessing remarkable growth owing to the increasing demand for tankless water heaters with a temperature control system. Based on the product type, the storage segment is predicted to grow at the fastest CAGR of 5.3% over the estimated timeframe from 2023 to 2032. Based on country, India is envisioned to manifest a noteworthy CAGR of 6.3% from 2023 to 2032. However, Saudi Arabia followed China in terms of CAGR, with 6.1% and 6.0% respectively over the analysis period.

Product launches:

Owing to the growing demand for eco-friendly water heating systems among environment-conscious individuals, several leading players have come up with innovative product launches. A notable example is the launch of Rheem® Maximus™, a powerful and efficient gas water heater by Rheem, a leading manufacturer of water heating and HVACR products. With this product launch, the company aimed to reduce harmful gas emissions by 36% and energy usage by 75%.

To sum up, the global gas water heater market is observing promising growth owing to the increasing demand for efficient water heaters in hotels. Further, the rising population and improved infrastructure in rural areas requiring water heating systems may bolster the market’s growth at a faster pace.

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