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Stock impact report

United States Water Heater Market Outlook & Forecasts 2024-2029 - Rising Popularity of Tankless Water Heaters and Growing Demand for Smart Water Heaters [Yahoo! Finance]

A.O. Smith Corporation (AOS) 
Last a.o. smith corporation earnings: 1/28 06:55 am Check Earnings Report
US:NYSE Investor Relations: investor.aosmith.com/investor-relations
Company Research Source: Yahoo! Finance
The U.S. Water Heater Market was valued at USD 3.45 billion in 2023, and is projected to reach USD 5.08 billion by 2029, showcasing a CAGR of 6.66%. The competition among vendors in the U.S. water heater market is quite intense. This market is highly fragmented, with many companies competing for market share. The rapidly changing technological environment could adversely affect vendors as customers expect continual innovations and upgrades. The industry is moderately fragmented, with many players providing advanced features and designs for water heaters. The three major vendors in the U.S. water heater market are A. O. Smith, Bradford White Corporation, and Rheem Manufacturing. Midwest is the most significant contributor in the U.S. water heater market, generating over USD 1 billion in revenue in 2023. The Midwest U.S. is a large region encompassing many states, each with its own market dynamics and consumer preferences. Further, the more individuals and families settle in urban Show less Read more
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