Heated Competition: Analyzing Key Players in the Water Heater Market The water heater market was estimated at USD 28.47 billion in 2022 and is likely to grow at a CAGR of 4.48% during 2023-2028 to reach USD 37.13 billion in 2028. The prime factor contributing to the demand for water heaters is the growing residential and commercial construction market. Read More: https://www.stratviewresearch.com/1037/water-heater-market.html