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.
President Trump’s new 25% tariffs on imports from Canada and Mexico may raise prices on plumbing supplies. Stay alert for potential cost increases as trade practices shift.
Battersby Danielson Azbell (BDA) in Westfield, Indiana, is a unique firm in the PHCP-PVF industry, as CEO Bob Danielson, Kelsey Richter's father, did not want it to be a family business. Richter, who worked at a Marriott front desk, spent months trying to get a job at BDA after being approached by Showroom Manager Sue Hayes.