The global water heater market, valued at over $29 billion in 2023, is expected to reach approximately $40.09 billion by 2030, driven by demand for energy-efficient systems controlled by smartphone apps. However, new U.S. Department of Energy regulations mandating only high-efficiency condensing water heaters may present challenges for manufacturers.
A.O. Smith’s Concentric Vent Non-condensing Tankless Water Heater line with X3® Scale Prevention Technology features the company’s X3 Scale Prevention.
The draft rule would raise standards for tankless gas-fired water heaters to over 91 percent efficiency, while leaving the standards for tank gas-fired water heaters relatively untouched at 70 percent efficiency.
Within his new role, McCook will focus on growth strategies that will help develop new and existing revenue streams in three key segments: residential, commercial, and industrial and agricultural.