New research issued today on the commercial water heater market by Global Market Insights, predicts the global market will grow to more than £5.4 billion by 2024.
Significant investment toward the development of smart cities and construction of new sustainable infrastructure is enhancing the overall industry outlook, with the report highlighting 100-250 litre commercial systems set for rapid growth. Product adoption, notably for refurbishment of existing systems, is also being encouraged by the provision of more compact, energy-efficient models that provide cost savings and help organisations address their carbon footprint as they are encouraged towards achieving Net Zero.
The report states that: “The gas water heater market should see consistent growth over this period due to the technology’s low operational cost, quick recovery rate and mass flow in comparison to other available alternatives. Deployment of gas variants results in significant cost saving owing to accessibility to low-cost natural gas across gas abundant regions. In addition, suitability for commercial application coupled with quick heating capability will enhance the industry outlook.”
Through Adveco’s application design, supply and commissioning process customers gain access to a comprehensive range of commercial gas water heaters, including the BFC Cyclone and Innovo gas appliances and the DRE and EES electric water heaters all from A.O. Smith. At Adveco we recognise the business-critical nature of hot water for commercial businesses and create bespoke systems that ensure demands are met, whilst also helping to address sustainability and providing clear operational savings.