North America Fossil Fuel Fired Water Heater Market Size & Outlook, 2025-2033
OverviewNorth America Fossil Fuel Fired Water Heater Market Highlights
- Based on Market Strides findings, the North America Fossil Fuel Fired Water Heater Market size reached USD 6531.21 Million in 2024 and is expected to grow to USD 9,462.05 Million by 2033.
- During 2025–2033, the market is forecasted to advance at a CAGR of 4.21%.
- Tankless Water Heaters represented the largest share of the - By Type market in terms of size in 2024.
- Among the - By Type segments, Storage Water Heaters is forecasted to achieve the highest growth and remain the most lucrative through the forecast period.
Source: MS Analysis Company Publications, Primary Interviews.
Other Key Findings
- North America held 38.83% share of the global Fossil Fuel Fired Water Heater Market size in 2024.
- United States is expected to remain the largest contributor to the global market by 2033.
- By 2033, United States is anticipated to record the highest growth in North America, with the market size expected to reach USD 30555.21 Million.
Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2021-2033 |
| Historical Period | 2021-2023 |
| Forecast Period | 2025-2033 |
| Market Size In 2024 | USD 6531.21 Million |
| Market Size In 2033 | USD 9,462.05 Million |
| Largest segment | Tankless Water Heaters |
| Units | Revenue in USD Million |
| CAGR | 4.21% (2025-2033) |
| Segmnetation Covered | |
| North America |
|
| - By Type |
|
| Fuel Source |
|
| Application |
|
| Efficiency |
|
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
North America Fossil Fuel Fired Water Heater Market Country 2025-2033 (USD Million)
| North America | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | XX.x | XX.x | XX.x | 4918.65 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Canada | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: MS Analysis Company Publications, Primary Interviews.
North America Fossil Fuel Fired Water Heater Market - By Type 2025-2033 (USD Million)
| - By Type | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tankless Water Heaters | XX.x | XX.x | XX.x | 3828.6 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Storage Water Heaters | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: MS Analysis Company Publications, Primary Interviews.
North America Fossil Fuel Fired Water Heater Market Fuel Source 2025-2033 (USD Million)
| Fuel Source | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Natural Gas | XX.x | XX.x | XX.x | 3475.91 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Propane | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Oil | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: MS Analysis Company Publications, Primary Interviews.
North America Fossil Fuel Fired Water Heater Market Application 2025-2033 (USD Million)
| Application | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Residential | XX.x | XX.x | XX.x | 3108.86 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Commercial | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Industrial | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: MS Analysis Company Publications, Primary Interviews.
North America Fossil Fuel Fired Water Heater Market Efficiency 2025-2033 (USD Million)
| Efficiency | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Standard Efficiency | XX.x | XX.x | XX.x | 3229.68 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| High Efficiency | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Ultra-High Efficiency | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: MS Analysis Company Publications, Primary Interviews.
Author :
Market Strides Research Team
The Market Strides Research Team delivers concise, data-driven insights across Construction & Manufacturing, Energy & Power, and Machinery & Equipment markets. With expertise covering materials, machinery, automation, infrastructure, power systems, renewables, and industrial technologies, the team provides reliable research and clear market intelligence for global businesses and decision-makers.
Related Reports
Report Details
| Author | Market Strides Research Team |
| Format | PDF & Excel |
| Language | English |
| Published | Nov, 2025 |
USD 2800
Buy Now
"A sample report is available for preview before making a purchase decision."