Indirect Water Heater is a kind of water heater, which generates more hot water than standard hot water heaters. An indirect water heater is one of the most cost effective ways to heat water because it eliminates the tremendous flue loss associated with gas-fired storage water heaters but without the hassles and extra costs of tankless gas water heaters. When used with a modern, high efficiency boiler, these energy savings hold true even in the summer when your boiler isn't needed for heat.

The latest research study released by Market IntelliX evaluates market size and forecasts of Indirect Water Heaters in global, including the following market information:

Global Indirect Water Heaters Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Indirect Water Heaters Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five Indirect Water Heaters companies in 2021 (%)

The global Indirect Water Heaters market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Internal Coiled Type Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Indirect Water Heaters include The Marley-Wylain Company, A.O. Smith, Bradford White, Westinghouse Electric Corporation, Hubbell, PB Heat, LLC, U.S. Boiler Company, Triangle Tube and Heat Transfer Products(HTP), etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MI has surveyed the Indirect Water Heaters manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Market Segmentations:

Global Indirect Water Heaters Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Indirect Water Heaters Market Segment Percentages, by Type, 2021 (%)

Internal Coiled Type

External Submerged Type

Global Indirect Water Heaters Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Indirect Water Heaters Market Segment Percentages, by Application, 2021 (%)

Residential

Commercial

Global Indirect Water Heaters Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Indirect Water Heaters Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Indirect Water Heaters revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Indirect Water Heaters revenues share in global market, 2021 (%)

Key companies Indirect Water Heaters sales in global market, 2017-2022 (Estimated), (K Units)

Key companies Indirect Water Heaters sales share in global market, 2021 (%)

The report presents profiles of competitors in the market, Some of the prominent key players covered:

The Marley-Wylain Company

A.O. Smith

Bradford White

Westinghouse Electric Corporation

Hubbell

PB Heat, LLC

U.S. Boiler Company

Triangle Tube

Heat Transfer Products(HTP)

Heat-Flo

Bock Water Heaters

Niles Steel Tank

Rheem

Key Takeaways from this Report

Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.

Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.

Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.

Analyze the sales and distribution channels across key geographies to improve top-line revenues.

Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

1 Introduction to Research & Analysis Reports

1.1 Indirect Water Heaters Market Definition

1.2 Market Segments

1.2.1 Market by Type

1.2.2 Market by Application

1.3 Global Indirect Water Heaters Market Overview

1.4 Features & Benefits of This Report

1.5 Methodology & Sources of Information

1.5.1 Research Methodology

1.5.2 Research Process

1.5.3 Base Year

1.5.4 Report Assumptions & Caveats

2 Global Indirect Water Heaters Overall Market Size

2.1 Global Indirect Water Heaters Market Size: 2021 VS 2028

2.2 Global Indirect Water Heaters Revenue, Prospects & Forecasts: 2017-2028

2.3 Global Indirect Water Heaters Sales: 2017-2028

3 Company Landscape

3.1 Top Indirect Water Heaters Players in Global Market

3.2 Top Global Indirect Water Heaters Companies Ranked by Revenue

3.3 Global Indirect Water Heaters Revenue by Companies

3.4 Global Indirect Water Heaters Sales by Companies

3.5 Global Indirect Water Heaters Price by Manufacturer (2017-2022)

3.6 Top 3 and Top 5 Indirect Water Heaters Companies in Global Market, by Revenue in 2021

3.7 Global Manufacturers Indirect Water Heaters Product Type

3.8 Tier 1, Tier 2 and Tier 3 Indirect Water Heaters Players in Global Market

3.8.1 List of Global Tier 1 Indirect Water Heaters Companies

3.8.2 List of Global Tier 2 and Tier 3 Indirect Water Heaters Companies

4 Sights by Product

4.1 Overview

4.1.1 By Type - Global Indirect Water Heaters Market Size Markets, 2021 & 2028

4.1.2 Internal Coiled Type

4.1.3 External Submerged Type

4.2 By Type - Global Indirect Water Heaters Revenue & Forecasts

4.2.1 By Type - Global Indirect Water Heaters Revenue, 2017-2022

4.2.2 By Type - Global Indirect Water Heaters Revenue, 2023-2028

4.2.3 By Type - Global Indirect Water Heaters Revenue Market Share, 2017-2028

4.3 By Type - Global Indirect Water Heaters Sales & Forecasts

4.3.1 By Type - Global Indirect Water Heaters Sales, 2017-2022

4.3.2 By Type - Global Indirect Water Heaters Sales, 2023-2028

4.3.3 By Type - Global Indirect Water Heaters Sales Market Share, 2017-2028

4.4 By Type - Global Indirect Water Heaters Price (Manufacturers Selling Prices), 2017-2028

5 Sights By Application

5.1 Overview

5.1.1 By Application - Global Indirect Water Heaters Market Size, 2021 & 2028

5.1.2 Residential

5.1.3 Commercial

5.2 By Application - Global Indirect Water Heaters Revenue & Forecasts

5.2.1 By Application - Global Indirect Water Heaters Revenue, 2017-2022

5.2.2 By Application - Global Indirect Water Heaters Revenue, 2023-2028

5.2.3 By Application - Global Indirect Water Heaters Revenue Market Share, 2017-2028

5.3 By Application - Global Indirect Water Heaters Sales & Forecasts

5.3.1 By Application - Global Indirect Water Heaters Sales, 2017-2022

5.3.2 By Application - Global Indirect Water Heaters Sales, 2023-2028

5.3.3 By Application - Global Indirect Water Heaters Sales Market Share, 2017-2028

5.4 By Application - Global Indirect Water Heaters Price (Manufacturers Selling Prices), 2017-2028

6 Sights by Region

6.1 By Region - Global Indirect Water Heaters Market Size, 2021 & 2028

6.2 By Region - Global Indirect Water Heaters Revenue & Forecasts

6.2.1 By Region - Global Indirect Water Heaters Revenue, 2017-2022

6.2.2 By Region - Global Indirect Water Heaters Revenue, 2023-2028

6.2.3 By Region - Global Indirect Water Heaters Revenue Market Share, 2017-2028

6.3 By Region - Global Indirect Water Heaters Sales & Forecasts

6.3.1 By Region - Global Indirect Water Heaters Sales, 2017-2022

6.3.2 By Region - Global Indirect Water Heaters Sales, 2023-2028

6.3.3 By Region - Global Indirect Water Heaters Sales Market Share, 2017-2028

6.4 North America

6.4.1 By Country - North America Indirect Water Heaters Revenue, 2017-2028

6.4.2 By Country - North America Indirect Water Heaters Sales, 2017-2028

6.4.3 US Indirect Water Heaters Market Size, 2017-2028

6.4.4 Canada Indirect Water Heaters Market Size, 2017-2028

6.4.5 Mexico Indirect Water Heaters Market Size, 2017-2028

6.5 Europe

6.5.1 By Country - Europe Indirect Water Heaters Revenue, 2017-2028

6.5.2 By Country - Europe Indirect Water Heaters Sales, 2017-2028

6.5.3 Germany Indirect Water Heaters Market Size, 2017-2028

6.5.4 France Indirect Water Heaters Market Size, 2017-2028

6.5.5 U.K. Indirect Water Heaters Market Size, 2017-2028

6.5.6 Italy Indirect Water Heaters Market Size, 2017-2028

6.5.7 Russia Indirect Water Heaters Market Size, 2017-2028

6.5.8 Nordic Countries Indirect Water Heaters Market Size, 2017-2028

6.5.9 Benelux Indirect Water Heaters Market Size, 2017-2028

6.6 Asia

6.6.1 By Region - Asia Indirect Water Heaters Revenue, 2017-2028

6.6.2 By Region - Asia Indirect Water Heaters Sales, 2017-2028

6.6.3 China Indirect Water Heaters Market Size, 2017-2028

6.6.4 Japan Indirect Water Heaters Market Size, 2017-2028

6.6.5 South Korea Indirect Water Heaters Market Size, 2017-2028

6.6.6 Southeast Asia Indirect Water Heaters Market Size, 2017-2028

6.6.7 India Indirect Water Heaters Market Size, 2017-2028

6.7 South America

6.7.1 By Country - South America Indirect Water Heaters Revenue, 2017-2028

6.7.2 By Country - South America Indirect Water Heaters Sales, 2017-2028

6.7.3 Brazil Indirect Water Heaters Market Size, 2017-2028

6.7.4 Argentina Indirect Water Heaters Market Size, 2017-2028

6.8 Middle East & Africa

6.8.1 By Country - Middle East & Africa Indirect Water Heaters Revenue, 2017-2028

6.8.2 By Country - Middle East & Africa Indirect Water Heaters Sales, 2017-2028

6.8.3 Turkey Indirect Water Heaters Market Size, 2017-2028

6.8.4 Israel Indirect Water Heaters Market Size, 2017-2028

6.8.5 Saudi Arabia Indirect Water Heaters Market Size, 2017-2028

6.8.6 UAE Indirect Water Heaters Market Size, 2017-2028

7 Manufacturers & Brands Profiles

7.1 The Marley-Wylain Company

7.1.1 The Marley-Wylain Company Corporate Summary

7.1.2 The Marley-Wylain Company Business Overview

7.1.3 The Marley-Wylain Company Indirect Water Heaters Major Product Offerings

7.1.4 The Marley-Wylain Company Indirect Water Heaters Sales and Revenue in Global (2017-2022)

7.1.5 The Marley-Wylain Company Key News

7.2 A.O. Smith

7.2.1 A.O. Smith Corporate Summary

7.2.2 A.O. Smith Business Overview

7.2.3 A.O. Smith Indirect Water Heaters Major Product Offerings

7.2.4 A.O. Smith Indirect Water Heaters Sales and Revenue in Global (2017-2022)

7.2.5 A.O. Smith Key News

7.3 Bradford White

7.3.1 Bradford White Corporate Summary

7.3.2 Bradford White Business Overview

7.3.3 Bradford White Indirect Water Heaters Major Product Offerings

7.3.4 Bradford White Indirect Water Heaters Sales and Revenue in Global (2017-2022)

7.3.5 Bradford White Key News

7.4 Westinghouse Electric Corporation

7.4.1 Westinghouse Electric Corporation Corporate Summary

7.4.2 Westinghouse Electric Corporation Business Overview

7.4.3 Westinghouse Electric Corporation Indirect Water Heaters Major Product Offerings

7.4.4 Westinghouse Electric Corporation Indirect Water Heaters Sales and Revenue in Global (2017-2022)

7.4.5 Westinghouse Electric Corporation Key News

7.5 Hubbell

7.5.1 Hubbell Corporate Summary

7.5.2 Hubbell Business Overview

7.5.3 Hubbell Indirect Water Heaters Major Product Offerings

7.5.4 Hubbell Indirect Water Heaters Sales and Revenue in Global (2017-2022)

7.5.5 Hubbell Key News

7.6 PB Heat, LLC

7.6.1 PB Heat, LLC Corporate Summary

7.6.2 PB Heat, LLC Business Overview

7.6.3 PB Heat, LLC Indirect Water Heaters Major Product Offerings

7.6.4 PB Heat, LLC Indirect Water Heaters Sales and Revenue in Global (2017-2022)

7.6.5 PB Heat, LLC Key News

7.7 U.S. Boiler Company

7.7.1 U.S. Boiler Company Corporate Summary

7.7.2 U.S. Boiler Company Business Overview

7.7.3 U.S. Boiler Company Indirect Water Heaters Major Product Offerings

7.7.4 U.S. Boiler Company Indirect Water Heaters Sales and Revenue in Global (2017-2022)

7.7.5 U.S. Boiler Company Key News

7.8 Triangle Tube

7.8.1 Triangle Tube Corporate Summary

7.8.2 Triangle Tube Business Overview

7.8.3 Triangle Tube Indirect Water Heaters Major Product Offerings

7.8.4 Triangle Tube Indirect Water Heaters Sales and Revenue in Global (2017-2022)

7.8.5 Triangle Tube Key News

7.9 Heat Transfer Products(HTP)

7.9.1 Heat Transfer Products(HTP) Corporate Summary

7.9.2 Heat Transfer Products(HTP) Business Overview

7.9.3 Heat Transfer Products(HTP) Indirect Water Heaters Major Product Offerings

7.9.4 Heat Transfer Products(HTP) Indirect Water Heaters Sales and Revenue in Global (2017-2022)

7.9.5 Heat Transfer Products(HTP) Key News

7.10 Heat-Flo

7.10.1 Heat-Flo Corporate Summary

7.10.2 Heat-Flo Business Overview

7.10.3 Heat-Flo Indirect Water Heaters Major Product Offerings

7.10.4 Heat-Flo Indirect Water Heaters Sales and Revenue in Global (2017-2022)

7.10.5 Heat-Flo Key News

7.11 Bock Water Heaters

7.11.1 Bock Water Heaters Corporate Summary

7.11.2 Bock Water Heaters Indirect Water Heaters Business Overview

7.11.3 Bock Water Heaters Indirect Water Heaters Major Product Offerings

7.11.4 Bock Water Heaters Indirect Water Heaters Sales and Revenue in Global (2017-2022)

7.11.5 Bock Water Heaters Key News

7.12 Niles Steel Tank

7.12.1 Niles Steel Tank Corporate Summary

7.12.2 Niles Steel Tank Indirect Water Heaters Business Overview

7.12.3 Niles Steel Tank Indirect Water Heaters Major Product Offerings

7.12.4 Niles Steel Tank Indirect Water Heaters Sales and Revenue in Global (2017-2022)

7.12.5 Niles Steel Tank Key News

7.13 Rheem

7.13.1 Rheem Corporate Summary

7.13.2 Rheem Indirect Water Heaters Business Overview

7.13.3 Rheem Indirect Water Heaters Major Product Offerings

7.13.4 Rheem Indirect Water Heaters Sales and Revenue in Global (2017-2022)

7.13.5 Rheem Key News

8 Global Indirect Water Heaters Production Capacity, Analysis

8.1 Global Indirect Water Heaters Production Capacity, 2017-2028

8.2 Indirect Water Heaters Production Capacity of Key Manufacturers in Global Market

8.3 Global Indirect Water Heaters Production by Region

9 Key Market Trends, Opportunity, Drivers and Restraints

9.1 Market Opportunities & Trends

9.2 Market Drivers

9.3 Market Restraints

10 Indirect Water Heaters Supply Chain Analysis

10.1 Indirect Water Heaters Industry Value Chain

10.2 Indirect Water Heaters Upstream Market

10.3 Indirect Water Heaters Downstream and Clients

10.4 Marketing Channels Analysis

10.4.1 Marketing Channels

10.4.2 Indirect Water Heaters Distributors and Sales Agents in Global

11 Conclusion

12 Appendix

12.1 Note

12.2 Examples of Clients

12.3 Disclaimer

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)