The demand for heating appliances is considerably high in most of the North American countries (like the US, Canada, Mexico) owing to the cold weather conditions prevailing in the region. Also, in recent years, it has been noted that the winter season in the region is getting affected by El Niño, which brings in unpredictable weather, flooding, and harsh wet winter. This unpredictable changing weather pattern is a common phenomenon throughout the year and is triggering the demand for hot water, and consequently, heating appliances year-round. A water heater is one such heating appliance that has become a basic necessity in more than 97% households in the US.

PART 01: Executive summary

Highlights

PART 02: Scope of the report

Market overview

Top-vendor offerings

PART 03: Market research methodology

Research methodology

Economic indicators

PART 04: Introduction

Key market highlights

PART 05: Market landscape

Market overview

Overall water heater market in North America

Distribution channels

Important characteristics when buying or considering

buying water heaters

Consumer insights

Market size and forecast

PART 06: Market segmentation by product

Storage water heaters

Tankless water heaters

Other forms that are available as storage and tankless

PART 07: Segmentation by fuel type

Electric and gas water heaters

Solar water heaters

PART 08: Key leading countries

US

Canada and Mexico

PART 09: Market drivers

Changing bathroom designs driving upgrade

purchases

Emergency replacement and upgrade replacement

purchases

Demand for instantaneous water heaters with low

heating time and ease of use

PART 10: Impact of drivers

PART 11: Market challenges

Commoditization of storage water heaters

Stringent government regulations

PART 12: Impact of drivers and challenges

PART 13: Market trends

Green trends and cost saving benefits of solar forms

influencing second purchases

Retrofitted technology for water heaters

Demand and availability of smart connected water

heaters

PART 14: Vendor landscape

Competitive landscape

Strategies adopted by players

Considerations and recommendations to improve

adoption of water heaters in North America

Key product improvements that manufacturers are

working on

Other prominent vendors

PART 15: Key vendor analysis

A. O. Smith

Bradford White

Rheem

PART 16: Appendix

List of abbreviations

PART 17: Explore Technavio