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Global Indirect Water Heaters Market Research Report 2025

Published Date: June 2025

Report Code: QYRE-Auto-2X9707

Global Indirect Water Heaters Market Insights and Forecast to 2028

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Global Indirect Water Heaters Market Research Report 2025

Code: QYRE-Auto-2X9707

Report

June 2025

Pages:102

QYResearch

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DESCRIPTION

TABLE OF CONTENT

TABLES & FIGURES

FEATURED COMPANIES

A. O. Smith

Bradford White

Hubbell

Triangle Tube

Heat-Flo

Bock Water Heaters

Niles Steel Tank

Rheem

Weil-McLain

Westinghouse Electric

ACV

PB HEAT

U.S. Boiler

Heat Transfer Products

Granby Industries

Indirect Water Heaters Market Size

The global market for Indirect Water Heaters was valued at US$ 1251 million in the year 2024 and is projected to reach a revised size of US$ 1854 million by 2031, growing at a CAGR of 5.8% during the forecast period.

Indirect Water Heaters Market

The 2025 U.S. tariff policies introduce profound uncertainty into the global economic landscape. This report critically examines the implications of recent tariff adjustments and international strategic countermeasures on Indirect Water Heaters competitive dynamics, regional economic interdependencies, and supply chain reconfigurations.

An indirect water heater is a system that heats water using an external heat source—such as a boiler, heat pump, or solar thermal system—via a heat exchanger. Instead of directly heating the water, it transfers heat from the thermal medium (e.g., hot water or steam) to the stored water in the tank. Indirect water heaters are known for their energy efficiency, durability, and low operating costs, making them suitable for domestic, commercial, and industrial hot water applications.

An indirect water heater is a system that heats domestic hot water by transferring heat from an external source—such as a boiler, solar thermal system, heat pump, or district heating network—via an internal heat exchanger coil or jacketed tank. This type of water heater is commonly used in residential buildings, hotels, hospitals, schools, and other facilities with consistent hot water demands. Its primary advantages include high thermal efficiency, low energy consumption, strong system integration capability, and the ability to leverage existing heating infrastructure, thereby reducing operating costs and improving energy utilization. Unlike direct water heaters, indirect models do not contain internal electric heating elements or combustion units, offering enhanced safety, longer service life, and easier maintenance. They are especially suited for integration with central heating or solar thermal systems.

Indirect water heaters are typically categorized into units with built-in internal heat exchanger coils and systems that use external plate or shell heat exchangers. The former are compact and easy to install, while the latter are ideal for larger-scale or centralized systems. Storage tanks are often constructed from enamel-coated steel, stainless steel, or composite materials, requiring excellent insulation and corrosion resistance. The internal coils must deliver high thermal conductivity and resist fouling. In mature markets such as Europe and North America, indirect water heaters are standard in hydronic heating systems. Major players like A. O. Smith, Weil-McLain, Bradford White, and Lochinvar lead in efficiency, smart controls, and integration flexibility. In China, although the market has historically favored electric and gas water heaters, indirect water heaters are gaining traction amid rising heat pump adoption, solar thermal deployment, and carbon reduction policies. Their growth is particularly evident in northern urban districts with centralized heating and in green building initiatives.

Future trends include advanced integration with renewable energy systems (e.g., heat pumps, solar thermal), intelligent control features for energy management, and ultra-low heat loss designs tailored to passive and near-zero-energy buildings. Companies with core competencies in thermal system integration, high-quality tank manufacturing, and turnkey project delivery will be well-positioned to lead in the decentralized energy and premium hot water markets.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Indirect Water Heaters, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Indirect Water Heaters.

The Indirect Water Heaters market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Indirect Water Heaters market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Indirect Water Heaters manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Scope of Indirect Water Heaters Market Report

Report Metric	Details
Report Name	Indirect Water Heaters Market
Accounted market size in year	US$ 1251 million
Forecasted market size in 2031	US$ 1854 million
CAGR	5.8%
Base Year	year
Forecasted years	2025 - 2031
Segment by Type	100L-200L 201L-300L Above 300L
Segment by Application	Residential Commercial
Production by Region	North America Europe China Japan
Consumption by Region	North America (United States, Canada) Europe (Germany, France, UK, Italy, Russia) Asia-Pacific (China, Japan, South Korea, Taiwan) Southeast Asia (India) Latin America (Mexico, Brazil)
By Company	Weil-McLain, A.O. Smith, Bradford White, Westinghouse Electric, Hubbell, ACV, PB Heat, U.S. Boiler, Triangle Tube, Heat Transfer Products, Heat-Flo, Bock Water Heaters, Niles Steel Tank, Granby Industries, Rheem
Forecast units	USD million in value
Report coverage	Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Indirect Water Heaters manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Indirect Water Heaters by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Indirect Water Heaters in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.

FAQ for this report

How fast is Indirect Water Heaters Market growing?

Ans: The Indirect Water Heaters Market witnessing a CAGR of 5.8% during the forecast period 2025-2031.

What is the Indirect Water Heaters Market size in 2031?

Ans: The Indirect Water Heaters Market size in 2031 will be US$ 1854 million.

Who are the main players in the Indirect Water Heaters Market report?

Ans: The main players in the Indirect Water Heaters Market are Weil-McLain, A.O. Smith, Bradford White, Westinghouse Electric, Hubbell, ACV, PB Heat, U.S. Boiler, Triangle Tube, Heat Transfer Products, Heat-Flo, Bock Water Heaters, Niles Steel Tank, Granby Industries, Rheem

What are the Application segmentation covered in the Indirect Water Heaters Market report?

Ans: The Applications covered in the Indirect Water Heaters Market report are Residential, Commercial

What are the Type segmentation covered in the Indirect Water Heaters Market report?

Ans: The Types covered in the Indirect Water Heaters Market report are 100L-200L, 201L-300L, Above 300L

Recommended Reports

Water Heater Markets

Heat Exchanger Technology

Tankless Heater Solutions

1 Indirect Water Heaters Market Overview

1.1 Product Definition

1.2 Indirect Water Heaters by Type

1.2.1 Global Indirect Water Heaters Market Value Growth Rate Analysis by Type: 2024 VS 2031

1.2.2 100L-200L

1.2.3 201L-300L

1.2.4 Above 300L

1.3 Indirect Water Heaters by Application

1.3.1 Global Indirect Water Heaters Market Value Growth Rate Analysis by Application: 2024 VS 2031

1.3.2 Residential

1.3.3 Commercial

1.4 Global Market Growth Prospects

1.4.1 Global Indirect Water Heaters Production Value Estimates and Forecasts (2020-2031)

1.4.2 Global Indirect Water Heaters Production Capacity Estimates and Forecasts (2020-2031)

1.4.3 Global Indirect Water Heaters Production Estimates and Forecasts (2020-2031)

1.4.4 Global Indirect Water Heaters Market Average Price Estimates and Forecasts (2020-2031)

1.5 Assumptions and Limitations

2 Market Competition by Manufacturers

2.1 Global Indirect Water Heaters Production Market Share by Manufacturers (2020-2025)

2.2 Global Indirect Water Heaters Production Value Market Share by Manufacturers (2020-2025)

2.3 Global Key Players of Indirect Water Heaters, Industry Ranking, 2023 VS 2024

2.4 Global Indirect Water Heaters Company Type and Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

2.5 Global Indirect Water Heaters Average Price by Manufacturers (2020-2025)

2.6 Global Key Manufacturers of Indirect Water Heaters, Manufacturing Base Distribution and Headquarters

2.7 Global Key Manufacturers of Indirect Water Heaters, Product Offered and Application

2.8 Global Key Manufacturers of Indirect Water Heaters, Date of Enter into This Industry

2.9 Indirect Water Heaters Market Competitive Situation and Trends

2.9.1 Indirect Water Heaters Market Concentration Rate

2.9.2 Global 5 and 10 Largest Indirect Water Heaters Players Market Share by Revenue

2.10 Mergers & Acquisitions, Expansion

3 Indirect Water Heaters Production by Region

3.1 Global Indirect Water Heaters Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031

3.2 Global Indirect Water Heaters Production Value by Region (2020-2031)

3.2.1 Global Indirect Water Heaters Production Value by Region (2020-2025)

3.2.2 Global Forecasted Production Value of Indirect Water Heaters by Region (2026-2031)

3.3 Global Indirect Water Heaters Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031

3.4 Global Indirect Water Heaters Production Volume by Region (2020-2031)

3.4.1 Global Indirect Water Heaters Production by Region (2020-2025)

3.4.2 Global Forecasted Production of Indirect Water Heaters by Region (2026-2031)

3.5 Global Indirect Water Heaters Market Price Analysis by Region (2020-2025)

3.6 Global Indirect Water Heaters Production and Value, Year-over-Year Growth

3.6.1 North America Indirect Water Heaters Production Value Estimates and Forecasts (2020-2031)

3.6.2 Europe Indirect Water Heaters Production Value Estimates and Forecasts (2020-2031)

3.6.3 China Indirect Water Heaters Production Value Estimates and Forecasts (2020-2031)

3.6.4 Japan Indirect Water Heaters Production Value Estimates and Forecasts (2020-2031)

4 Indirect Water Heaters Consumption by Region

4.1 Global Indirect Water Heaters Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031

4.2 Global Indirect Water Heaters Consumption by Region (2020-2031)

4.2.1 Global Indirect Water Heaters Consumption by Region (2020-2025)

4.2.2 Global Indirect Water Heaters Forecasted Consumption by Region (2026-2031)

4.3 North America

4.3.1 North America Indirect Water Heaters Consumption Growth Rate by Country: 2020 VS 2024 VS 2031

4.3.2 North America Indirect Water Heaters Consumption by Country (2020-2031)

4.3.3 U.S.

4.3.4 Canada

4.4 Europe

4.4.1 Europe Indirect Water Heaters Consumption Growth Rate by Country: 2020 VS 2024 VS 2031

4.4.2 Europe Indirect Water Heaters Consumption by Country (2020-2031)

4.4.3 Germany

4.4.4 France

4.4.5 U.K.

4.4.6 Italy

4.4.7 Netherlands

4.5 Asia Pacific

4.5.1 Asia Pacific Indirect Water Heaters Consumption Growth Rate by Region: 2020 VS 2024 VS 2031

4.5.2 Asia Pacific Indirect Water Heaters Consumption by Region (2020-2031)

4.5.3 China

4.5.4 Japan

4.5.5 South Korea

4.5.6 China Taiwan

4.5.7 Southeast Asia

4.5.8 India

4.6 Latin America, Middle East & Africa

4.6.1 Latin America, Middle East & Africa Indirect Water Heaters Consumption Growth Rate by Country: 2020 VS 2024 VS 2031

4.6.2 Latin America, Middle East & Africa Indirect Water Heaters Consumption by Country (2020-2031)

4.6.3 Mexico

4.6.4 Brazil

4.6.5 Turkey

4.6.6 GCC Countries

5 Segment by Type

5.1 Global Indirect Water Heaters Production by Type (2020-2031)

5.1.1 Global Indirect Water Heaters Production by Type (2020-2025)

5.1.2 Global Indirect Water Heaters Production by Type (2026-2031)

5.1.3 Global Indirect Water Heaters Production Market Share by Type (2020-2031)

5.2 Global Indirect Water Heaters Production Value by Type (2020-2031)

5.2.1 Global Indirect Water Heaters Production Value by Type (2020-2025)

5.2.2 Global Indirect Water Heaters Production Value by Type (2026-2031)

5.2.3 Global Indirect Water Heaters Production Value Market Share by Type (2020-2031)

5.3 Global Indirect Water Heaters Price by Type (2020-2031)

6 Segment by Application

6.1 Global Indirect Water Heaters Production by Application (2020-2031)

6.1.1 Global Indirect Water Heaters Production by Application (2020-2025)

6.1.2 Global Indirect Water Heaters Production by Application (2026-2031)

6.1.3 Global Indirect Water Heaters Production Market Share by Application (2020-2031)

6.2 Global Indirect Water Heaters Production Value by Application (2020-2031)

6.2.1 Global Indirect Water Heaters Production Value by Application (2020-2025)

6.2.2 Global Indirect Water Heaters Production Value by Application (2026-2031)

6.2.3 Global Indirect Water Heaters Production Value Market Share by Application (2020-2031)

6.3 Global Indirect Water Heaters Price by Application (2020-2031)

7 Key Companies Profiled

7.1 Weil-McLain

7.1.1 Weil-McLain Indirect Water Heaters Company Information

7.1.2 Weil-McLain Indirect Water Heaters Product Portfolio

7.1.3 Weil-McLain Indirect Water Heaters Production, Value, Price and Gross Margin (2020-2025)

7.1.4 Weil-McLain Main Business and Markets Served

7.1.5 Weil-McLain Recent Developments/Updates

7.2 A.O. Smith

7.2.1 A.O. Smith Indirect Water Heaters Company Information

7.2.2 A.O. Smith Indirect Water Heaters Product Portfolio

7.2.3 A.O. Smith Indirect Water Heaters Production, Value, Price and Gross Margin (2020-2025)

7.2.4 A.O. Smith Main Business and Markets Served

7.2.5 A.O. Smith Recent Developments/Updates

7.3 Bradford White

7.3.1 Bradford White Indirect Water Heaters Company Information

7.3.2 Bradford White Indirect Water Heaters Product Portfolio

7.3.3 Bradford White Indirect Water Heaters Production, Value, Price and Gross Margin (2020-2025)

7.3.4 Bradford White Main Business and Markets Served

7.3.5 Bradford White Recent Developments/Updates

7.4 Westinghouse Electric

7.4.1 Westinghouse Electric Indirect Water Heaters Company Information

7.4.2 Westinghouse Electric Indirect Water Heaters Product Portfolio

7.4.3 Westinghouse Electric Indirect Water Heaters Production, Value, Price and Gross Margin (2020-2025)

7.4.4 Westinghouse Electric Main Business and Markets Served

7.4.5 Westinghouse Electric Recent Developments/Updates

7.5 Hubbell

7.5.1 Hubbell Indirect Water Heaters Company Information

7.5.2 Hubbell Indirect Water Heaters Product Portfolio

7.5.3 Hubbell Indirect Water Heaters Production, Value, Price and Gross Margin (2020-2025)

7.5.4 Hubbell Main Business and Markets Served

7.5.5 Hubbell Recent Developments/Updates

7.6 ACV

7.6.1 ACV Indirect Water Heaters Company Information

7.6.2 ACV Indirect Water Heaters Product Portfolio

7.6.3 ACV Indirect Water Heaters Production, Value, Price and Gross Margin (2020-2025)

7.6.4 ACV Main Business and Markets Served

7.6.5 ACV Recent Developments/Updates

7.7 PB Heat

7.7.1 PB Heat Indirect Water Heaters Company Information

7.7.2 PB Heat Indirect Water Heaters Product Portfolio

7.7.3 PB Heat Indirect Water Heaters Production, Value, Price and Gross Margin (2020-2025)

7.7.4 PB Heat Main Business and Markets Served

7.7.5 PB Heat Recent Developments/Updates

7.8 U.S. Boiler

7.8.1 U.S. Boiler Indirect Water Heaters Company Information

7.8.2 U.S. Boiler Indirect Water Heaters Product Portfolio

7.8.3 U.S. Boiler Indirect Water Heaters Production, Value, Price and Gross Margin (2020-2025)

7.8.4 U.S. Boiler Main Business and Markets Served

7.8.5 U.S. Boiler Recent Developments/Updates

7.9 Triangle Tube

7.9.1 Triangle Tube Indirect Water Heaters Company Information

7.9.2 Triangle Tube Indirect Water Heaters Product Portfolio

7.9.3 Triangle Tube Indirect Water Heaters Production, Value, Price and Gross Margin (2020-2025)

7.9.4 Triangle Tube Main Business and Markets Served

7.9.5 Triangle Tube Recent Developments/Updates

7.10 Heat Transfer Products

7.10.1 Heat Transfer Products Indirect Water Heaters Company Information

7.10.2 Heat Transfer Products Indirect Water Heaters Product Portfolio

7.10.3 Heat Transfer Products Indirect Water Heaters Production, Value, Price and Gross Margin (2020-2025)

7.10.4 Heat Transfer Products Main Business and Markets Served

7.10.5 Heat Transfer Products Recent Developments/Updates

7.11 Heat-Flo

7.11.1 Heat-Flo Indirect Water Heaters Company Information

7.11.2 Heat-Flo Indirect Water Heaters Product Portfolio

7.11.3 Heat-Flo Indirect Water Heaters Production, Value, Price and Gross Margin (2020-2025)

7.11.4 Heat-Flo Main Business and Markets Served

7.11.5 Heat-Flo Recent Developments/Updates

7.12 Bock Water Heaters

7.12.1 Bock Water Heaters Indirect Water Heaters Company Information

7.12.2 Bock Water Heaters Indirect Water Heaters Product Portfolio

7.12.3 Bock Water Heaters Indirect Water Heaters Production, Value, Price and Gross Margin (2020-2025)

7.12.4 Bock Water Heaters Main Business and Markets Served

7.12.5 Bock Water Heaters Recent Developments/Updates

7.13 Niles Steel Tank

7.13.1 Niles Steel Tank Indirect Water Heaters Company Information

7.13.2 Niles Steel Tank Indirect Water Heaters Product Portfolio

7.13.3 Niles Steel Tank Indirect Water Heaters Production, Value, Price and Gross Margin (2020-2025)

7.13.4 Niles Steel Tank Main Business and Markets Served

7.13.5 Niles Steel Tank Recent Developments/Updates

7.14 Granby Industries

7.14.1 Granby Industries Indirect Water Heaters Company Information

7.14.2 Granby Industries Indirect Water Heaters Product Portfolio

7.14.3 Granby Industries Indirect Water Heaters Production, Value, Price and Gross Margin (2020-2025)

7.14.4 Granby Industries Main Business and Markets Served

7.14.5 Granby Industries Recent Developments/Updates

7.15 Rheem

7.15.1 Rheem Indirect Water Heaters Company Information

7.15.2 Rheem Indirect Water Heaters Product Portfolio

7.15.3 Rheem Indirect Water Heaters Production, Value, Price and Gross Margin (2020-2025)

7.15.4 Rheem Main Business and Markets Served

7.15.5 Rheem Recent Developments/Updates

8 Industry Chain and Sales Channels Analysis

8.1 Indirect Water Heaters Industry Chain Analysis

8.2 Indirect Water Heaters Raw Material Supply Analysis

8.2.1 Key Raw Materials

8.2.2 Raw Materials Key Suppliers

8.3 Indirect Water Heaters Production Mode & Process Analysis

8.4 Indirect Water Heaters Sales and Marketing

8.4.1 Indirect Water Heaters Sales Channels

8.4.2 Indirect Water Heaters Distributors

8.5 Indirect Water Heaters Customer Analysis

9 Indirect Water Heaters Market Dynamics

9.1 Indirect Water Heaters Industry Trends

9.2 Indirect Water Heaters Market Drivers

9.3 Indirect Water Heaters Market Challenges

9.4 Indirect Water Heaters Market Restraints

10 Research Findings and Conclusion

11 Methodology and Data Source

11.1 Methodology/Research Approach

11.1.1 Research Programs/Design

11.1.2 Market Size Estimation

11.1.3 Market Breakdown and Data Triangulation

11.2 Data Source

11.2.1 Secondary Sources

11.2.2 Primary Sources

11.3 Author List

11.4 Disclaimer

FEATURED COMPANIES

A. O. Smith

Bradford White

Hubbell

Triangle Tube

Heat-Flo

Bock Water Heaters

Niles Steel Tank

Rheem

Weil-McLain

Westinghouse Electric

ACV

PB HEAT

U.S. Boiler

Heat Transfer Products

Granby Industries

List of Tables

Table 1. Global Indirect Water Heaters Market Value by Type, (US$ Million) & (2024 VS 2031)

Table 2. Global Indirect Water Heaters Market Value by Application, (US$ Million) & (2024 VS 2031)

Table 3. Global Indirect Water Heaters Production Capacity (K Units) by Manufacturers in 2024

Table 4. Global Indirect Water Heaters Production by Manufacturers (2020-2025) & (K Units)

Table 5. Global Indirect Water Heaters Production Market Share by Manufacturers (2020-2025)

Table 6. Global Indirect Water Heaters Production Value by Manufacturers (2020-2025) & (US$ Million)

Table 7. Global Indirect Water Heaters Production Value Share by Manufacturers (2020-2025)

Table 8. Global Key Players of Indirect Water Heaters, Industry Ranking, 2023 VS 2024

Table 9. Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Production Value in Indirect Water Heaters as of 2024)

Table 10. Global Market Indirect Water Heaters Average Price by Manufacturers (USD/Unit) & (2020-2025)

Table 11. Global Key Manufacturers of Indirect Water Heaters, Manufacturing Base Distribution and Headquarters

Table 12. Global Key Manufacturers of Indirect Water Heaters, Product Offered and Application

Table 13. Global Key Manufacturers of Indirect Water Heaters, Date of Enter into This Industry

Table 14. Global Indirect Water Heaters Manufacturers Market Concentration Ratio (CR5 and HHI)

Table 15. Mergers & Acquisitions, Expansion Plans

Table 16. Global Indirect Water Heaters Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)

Table 17. Global Indirect Water Heaters Production Value (US$ Million) by Region (2020-2025)

Table 18. Global Indirect Water Heaters Production Value Market Share by Region (2020-2025)

Table 19. Global Indirect Water Heaters Production Value (US$ Million) Forecast by Region (2026-2031)

Table 20. Global Indirect Water Heaters Production Value Market Share Forecast by Region (2026-2031)

Table 21. Global Indirect Water Heaters Production Comparison by Region: 2020 VS 2024 VS 2031 (K Units)

Table 22. Global Indirect Water Heaters Production (K Units) by Region (2020-2025)

Table 23. Global Indirect Water Heaters Production Market Share by Region (2020-2025)

Table 24. Global Indirect Water Heaters Production (K Units) Forecast by Region (2026-2031)

Table 25. Global Indirect Water Heaters Production Market Share Forecast by Region (2026-2031)

Table 26. Global Indirect Water Heaters Market Average Price (USD/Unit) by Region (2020-2025)

Table 27. Global Indirect Water Heaters Market Average Price (USD/Unit) by Region (2026-2031)

Table 28. Global Indirect Water Heaters Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (K Units)

Table 29. Global Indirect Water Heaters Consumption by Region (2020-2025) & (K Units)

Table 30. Global Indirect Water Heaters Consumption Market Share by Region (2020-2025)

Table 31. Global Indirect Water Heaters Forecasted Consumption by Region (2026-2031) & (K Units)

Table 32. Global Indirect Water Heaters Forecasted Consumption Market Share by Region (2026-2031)

Table 33. North America Indirect Water Heaters Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (K Units)

Table 34. North America Indirect Water Heaters Consumption by Country (2020-2025) & (K Units)

Table 35. North America Indirect Water Heaters Consumption by Country (2026-2031) & (K Units)

Table 36. Europe Indirect Water Heaters Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (K Units)

Table 37. Europe Indirect Water Heaters Consumption by Country (2020-2025) & (K Units)

Table 38. Europe Indirect Water Heaters Consumption by Country (2026-2031) & (K Units)

Table 39. Asia Pacific Indirect Water Heaters Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (K Units)

Table 40. Asia Pacific Indirect Water Heaters Consumption by Region (2020-2025) & (K Units)

Table 41. Asia Pacific Indirect Water Heaters Consumption by Region (2026-2031) & (K Units)

Table 42. Latin America, Middle East & Africa Indirect Water Heaters Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (K Units)

Table 43. Latin America, Middle East & Africa Indirect Water Heaters Consumption by Country (2020-2025) & (K Units)

Table 44. Latin America, Middle East & Africa Indirect Water Heaters Consumption by Country (2026-2031) & (K Units)

Table 45. Global Indirect Water Heaters Production (K Units) by Type (2020-2025)

Table 46. Global Indirect Water Heaters Production (K Units) by Type (2026-2031)

Table 47. Global Indirect Water Heaters Production Market Share by Type (2020-2025)

Table 48. Global Indirect Water Heaters Production Market Share by Type (2026-2031)

Table 49. Global Indirect Water Heaters Production Value (US$ Million) by Type (2020-2025)

Table 50. Global Indirect Water Heaters Production Value (US$ Million) by Type (2026-2031)

Table 51. Global Indirect Water Heaters Production Value Market Share by Type (2020-2025)

Table 52. Global Indirect Water Heaters Production Value Market Share by Type (2026-2031)

Table 53. Global Indirect Water Heaters Price (USD/Unit) by Type (2020-2025)

Table 54. Global Indirect Water Heaters Price (USD/Unit) by Type (2026-2031)

Table 55. Global Indirect Water Heaters Production (K Units) by Application (2020-2025)

Table 56. Global Indirect Water Heaters Production (K Units) by Application (2026-2031)

Table 57. Global Indirect Water Heaters Production Market Share by Application (2020-2025)

Table 58. Global Indirect Water Heaters Production Market Share by Application (2026-2031)

Table 59. Global Indirect Water Heaters Production Value (US$ Million) by Application (2020-2025)

Table 60. Global Indirect Water Heaters Production Value (US$ Million) by Application (2026-2031)

Table 61. Global Indirect Water Heaters Production Value Market Share by Application (2020-2025)

Table 62. Global Indirect Water Heaters Production Value Market Share by Application (2026-2031)

Table 63. Global Indirect Water Heaters Price (USD/Unit) by Application (2020-2025)

Table 64. Global Indirect Water Heaters Price (USD/Unit) by Application (2026-2031)

Table 65. Weil-McLain Indirect Water Heaters Company Information

Table 66. Weil-McLain Indirect Water Heaters Specification and Application

Table 67. Weil-McLain Indirect Water Heaters Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)

Table 68. Weil-McLain Main Business and Markets Served

Table 69. Weil-McLain Recent Developments/Updates

Table 70. A.O. Smith Indirect Water Heaters Company Information

Table 71. A.O. Smith Indirect Water Heaters Specification and Application

Table 72. A.O. Smith Indirect Water Heaters Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)

Table 73. A.O. Smith Main Business and Markets Served

Table 74. A.O. Smith Recent Developments/Updates

Table 75. Bradford White Indirect Water Heaters Company Information

Table 76. Bradford White Indirect Water Heaters Specification and Application

Table 77. Bradford White Indirect Water Heaters Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)

Table 78. Bradford White Main Business and Markets Served

Table 79. Bradford White Recent Developments/Updates

Table 80. Westinghouse Electric Indirect Water Heaters Company Information

Table 81. Westinghouse Electric Indirect Water Heaters Specification and Application

Table 82. Westinghouse Electric Indirect Water Heaters Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)

Table 83. Westinghouse Electric Main Business and Markets Served

Table 84. Westinghouse Electric Recent Developments/Updates

Table 85. Hubbell Indirect Water Heaters Company Information

Table 86. Hubbell Indirect Water Heaters Specification and Application

Table 87. Hubbell Indirect Water Heaters Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)

Table 88. Hubbell Main Business and Markets Served

Table 89. Hubbell Recent Developments/Updates

Table 90. ACV Indirect Water Heaters Company Information

Table 91. ACV Indirect Water Heaters Specification and Application

Table 92. ACV Indirect Water Heaters Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)

Table 93. ACV Main Business and Markets Served

Table 94. ACV Recent Developments/Updates

Table 95. PB Heat Indirect Water Heaters Company Information

Table 96. PB Heat Indirect Water Heaters Specification and Application

Table 97. PB Heat Indirect Water Heaters Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)

Table 98. PB Heat Main Business and Markets Served

Table 99. PB Heat Recent Developments/Updates

Table 100. U.S. Boiler Indirect Water Heaters Company Information

Table 101. U.S. Boiler Indirect Water Heaters Specification and Application

Table 102. U.S. Boiler Indirect Water Heaters Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)

Table 103. U.S. Boiler Main Business and Markets Served

Table 104. U.S. Boiler Recent Developments/Updates

Table 105. Triangle Tube Indirect Water Heaters Company Information

Table 106. Triangle Tube Indirect Water Heaters Specification and Application

Table 107. Triangle Tube Indirect Water Heaters Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)

Table 108. Triangle Tube Main Business and Markets Served

Table 109. Triangle Tube Recent Developments/Updates

Table 110. Heat Transfer Products Indirect Water Heaters Company Information

Table 111. Heat Transfer Products Indirect Water Heaters Specification and Application

Table 112. Heat Transfer Products Indirect Water Heaters Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)

Table 113. Heat Transfer Products Main Business and Markets Served

Table 114. Heat Transfer Products Recent Developments/Updates

Table 115. Heat-Flo Indirect Water Heaters Company Information

Table 116. Heat-Flo Indirect Water Heaters Specification and Application

Table 117. Heat-Flo Indirect Water Heaters Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)

Table 118. Heat-Flo Main Business and Markets Served

Table 119. Heat-Flo Recent Developments/Updates

Table 120. Bock Water Heaters Indirect Water Heaters Company Information

Table 121. Bock Water Heaters Indirect Water Heaters Specification and Application

Table 122. Bock Water Heaters Indirect Water Heaters Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)

Table 123. Bock Water Heaters Main Business and Markets Served

Table 124. Bock Water Heaters Recent Developments/Updates

Table 125. Niles Steel Tank Indirect Water Heaters Company Information

Table 126. Niles Steel Tank Indirect Water Heaters Specification and Application

Table 127. Niles Steel Tank Indirect Water Heaters Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)

Table 128. Niles Steel Tank Main Business and Markets Served

Table 129. Niles Steel Tank Recent Developments/Updates

Table 130. Granby Industries Indirect Water Heaters Company Information

Table 131. Granby Industries Indirect Water Heaters Specification and Application

Table 132. Granby Industries Indirect Water Heaters Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)

Table 133. Granby Industries Main Business and Markets Served

Table 134. Granby Industries Recent Developments/Updates

Table 135. Rheem Indirect Water Heaters Company Information

Table 136. Rheem Indirect Water Heaters Specification and Application

Table 137. Rheem Indirect Water Heaters Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)

Table 138. Rheem Main Business and Markets Served

Table 139. Rheem Recent Developments/Updates

Table 140. Key Raw Materials Lists

Table 141. Raw Materials Key Suppliers Lists

Table 142. Indirect Water Heaters Distributors List

Table 143. Indirect Water Heaters Customers List

Table 144. Indirect Water Heaters Market Trends

Table 145. Indirect Water Heaters Market Drivers

Table 146. Indirect Water Heaters Market Challenges

Table 147. Indirect Water Heaters Market Restraints

Table 148. Research Programs/Design for This Report

Table 149. Key Data Information from Secondary Sources

Table 150. Key Data Information from Primary Sources

Table 151. Authors List of This Report

List of Figures

Figure 1. Product Picture of Indirect Water Heaters

Figure 2. Global Indirect Water Heaters Market Value by Type, (US$ Million) & (2020-2031)

Figure 3. Global Indirect Water Heaters Market Share by Type: 2024 VS 2031

Figure 4. 100L-200L Product Picture

Figure 5. 201L-300L Product Picture

Figure 6. Above 300L Product Picture

Figure 7. Global Indirect Water Heaters Market Value by Application, (US$ Million) & (2020-2031)

Figure 8. Global Indirect Water Heaters Market Share by Application: 2024 VS 2031

Figure 9. Residential

Figure 10. Commercial

Figure 11. Global Indirect Water Heaters Production Value (US$ Million), 2020 VS 2024 VS 2031

Figure 12. Global Indirect Water Heaters Production Value (US$ Million) & (2020-2031)

Figure 13. Global Indirect Water Heaters Production Capacity (K Units) & (2020-2031)

Figure 14. Global Indirect Water Heaters Production (K Units) & (2020-2031)

Figure 15. Global Indirect Water Heaters Average Price (USD/Unit) & (2020-2031)

Figure 16. Indirect Water Heaters Report Years Considered

Figure 17. Indirect Water Heaters Production Share by Manufacturers in 2024

Figure 18. Global Indirect Water Heaters Production Value Share by Manufacturers (2024)

Figure 19. Indirect Water Heaters Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2020 VS 2024

Figure 20. The Global 5 and 10 Largest Players: Market Share by Indirect Water Heaters Revenue in 2024

Figure 21. Global Indirect Water Heaters Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)

Figure 22. Global Indirect Water Heaters Production Value Market Share by Region: 2020 VS 2024 VS 2031

Figure 23. Global Indirect Water Heaters Production Comparison by Region: 2020 VS 2024 VS 2031 (K Units)

Figure 24. Global Indirect Water Heaters Production Market Share by Region: 2020 VS 2024 VS 2031

Figure 25. North America Indirect Water Heaters Production Value (US$ Million) Growth Rate (2020-2031)

Figure 26. Europe Indirect Water Heaters Production Value (US$ Million) Growth Rate (2020-2031)

Figure 27. China Indirect Water Heaters Production Value (US$ Million) Growth Rate (2020-2031)

Figure 28. Japan Indirect Water Heaters Production Value (US$ Million) Growth Rate (2020-2031)

Figure 29. Global Indirect Water Heaters Consumption by Region: 2020 VS 2024 VS 2031 (K Units)

Figure 30. Global Indirect Water Heaters Consumption Market Share by Region: 2020 VS 2024 VS 2031

Figure 31. North America Indirect Water Heaters Consumption and Growth Rate (2020-2031) & (K Units)

Figure 32. North America Indirect Water Heaters Consumption Market Share by Country (2020-2031)

Figure 33. U.S. Indirect Water Heaters Consumption and Growth Rate (2020-2031) & (K Units)

Figure 34. Canada Indirect Water Heaters Consumption and Growth Rate (2020-2031) & (K Units)

Figure 35. Europe Indirect Water Heaters Consumption and Growth Rate (2020-2031) & (K Units)

Figure 36. Europe Indirect Water Heaters Consumption Market Share by Country (2020-2031)

Figure 37. Germany Indirect Water Heaters Consumption and Growth Rate (2020-2031) & (K Units)

Figure 38. France Indirect Water Heaters Consumption and Growth Rate (2020-2031) & (K Units)

Figure 39. U.K. Indirect Water Heaters Consumption and Growth Rate (2020-2031) & (K Units)

Figure 40. Italy Indirect Water Heaters Consumption and Growth Rate (2020-2031) & (K Units)

Figure 41. Netherlands Indirect Water Heaters Consumption and Growth Rate (2020-2031) & (K Units)

Figure 42. Asia Pacific Indirect Water Heaters Consumption and Growth Rate (2020-2031) & (K Units)

Figure 43. Asia Pacific Indirect Water Heaters Consumption Market Share by Region (2020-2031)

Figure 44. China Indirect Water Heaters Consumption and Growth Rate (2020-2031) & (K Units)

Figure 45. Japan Indirect Water Heaters Consumption and Growth Rate (2020-2031) & (K Units)

Figure 46. South Korea Indirect Water Heaters Consumption and Growth Rate (2020-2031) & (K Units)

Figure 47. China Taiwan Indirect Water Heaters Consumption and Growth Rate (2020-2031) & (K Units)

Figure 48. Southeast Asia Indirect Water Heaters Consumption and Growth Rate (2020-2031) & (K Units)

Figure 49. India Indirect Water Heaters Consumption and Growth Rate (2020-2031) & (K Units)

Figure 50. Latin America, Middle East & Africa Indirect Water Heaters Consumption and Growth Rate (2020-2031) & (K Units)

Figure 51. Latin America, Middle East & Africa Indirect Water Heaters Consumption Market Share by Country (2020-2031)

Figure 52. Mexico Indirect Water Heaters Consumption and Growth Rate (2020-2031) & (K Units)

Figure 53. Brazil Indirect Water Heaters Consumption and Growth Rate (2020-2031) & (K Units)

Figure 54. Turkey Indirect Water Heaters Consumption and Growth Rate (2020-2031) & (K Units)

Figure 55. GCC Countries Indirect Water Heaters Consumption and Growth Rate (2020-2031) & (K Units)

Figure 56. Global Production Market Share of Indirect Water Heaters by Type (2020-2031)

Figure 57. Global Production Value Market Share of Indirect Water Heaters by Type (2020-2031)

Figure 58. Global Indirect Water Heaters Price (USD/Unit) by Type (2020-2031)

Figure 59. Global Production Market Share of Indirect Water Heaters by Application (2020-2031)

Figure 60. Global Production Value Market Share of Indirect Water Heaters by Application (2020-2031)

Figure 61. Global Indirect Water Heaters Price (USD/Unit) by Application (2020-2031)

Figure 62. Indirect Water Heaters Value Chain

Figure 63. Channels of Distribution (Direct Vs Distribution)

Figure 64. Bottom-up and Top-down Approaches for This Report

Figure 65. Data Triangulation

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