2010 - U.S. RESIDENTIAL WATER HEATING MARKET

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A comprehensive analysis of the US Residential Water Heating Market including Tank, Tankless and Heat Pump Water Heaters for 2010.

[Published October 2010]

Market Definition by Product

A water heater is defined as a closed vessel used to supply potable water, which is heated by fuel-combustion, electricity, or any other source. The three main types of water heating technologies analyzed in this research report include the following:

Tank Water Heaters - A tank is a device used to hold hot water and varies in storage capacity from six to 120 gallons or more. May be heated with gas or electricity. The tank permits a large volume of water to be drawn from the system at flow rates exceeding the recovery capacity of the heater.

Tankless/Instantaneous Water Heaters - A tankless water heater is a device that heats water on demand or as-needed and may be gas or electric powered. The tankless water heater does not store heated water and used in applications where multiple gallons of hot water might be required on a per-minute basis. The electric tankless water heaters are categorized into whole house and point-of-use units. The gas tankless water heaters are categorized into condensing and non-condensing units.

Heat Pump Water Heaters - Heat pump water heaters use electricity to move heat from one place to another instead of generating heat directly. The heat pump pulls heat from the surrounding air and dumps it—at a higher temperature—into a tank to heat water.

Major market participants include AO Smith, Rheem and Bradford White.  Smaller players include Lochinvar, Hubbel, Maytag, RBI, Nu-way, Parker and others.

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