santosh006

SUBMITTED BY: santosh006

DATE: July 22, 2022, 9:31 a.m.

FORMAT: Text only

SIZE: 5.4 kB

Raw Download

HITS: 357

Report
  1. Electric Water Heater Market is Expected to Experience a Swift Development by 2027
  3. Electric water heater market on a global scenario was valued at US$ 14,078.4 Mn in 2018 and is expected to grow at a CAGR of 4.9% during the forecast period, to reach US$ 21,478.7 Mn by 2027.
  5. Water heating accounts for a considerable proportion of domestic energy use in all economies. The electric storages water heater comes in two product types, such as storage electric water heater and non-storage water heater. The electric storages water heater used where the electric element provides heating, and they are used in homes and businesses. While the non-storage water heater includes an instantaneous water heater, which heats the water instantly, such types of heaters are best suited for homes. It can lessen water heating costs by half as it is able to adjust the amount of electricity required to warm up the water.
  7. The growing construction activities and development of the building infrastructure are driving the electric water heating demand across commercial establishments in the European countries. On the other hand, demand for solar water heaters is rising among the South American and the Middle East and African countries. Several governments in these regions are subsidizing on procuring solar power water heaters, which is enabling the individuals to adopt the same quickly. Also, governments are creating awareness related to the benefits of solar power, such as renewable and environmentally friendly energy.
  9. The electric water heater market has been derived from market trends and revenue generation factors from five different regions across the globe namely; North America, Europe, Asia Pacific, Middle East, and Africa, and South America. The Asia Pacific is projected to be the fastest-growing region in the global electric water heater market. Whereas, APAC, followed by Europe, holds the highest market share in the electric water heater market in 2018.
  11. Get Sample PDF: https://www.theinsightpartners.com/sample/TIPTE100001020/
  13. APAC is the fastest-growing electric water heater market worldwide. The swift economic development in the region, together with substantial enhancement in living standards, would fuel the region's market share during the forecast periodThe building construction investment by respective state government authorities would positively optimize the business outlook; the rising demand for electric water heaters, both storage as well as non-storage, would also augment the industry landscape. For instance, According to the Urban Redevelopment Authority (URA), residential construction in the region is growing robustly. For instance, in 2018, in Singapore, 8,769 uncompleted residential units were launched, up from 6,020 units in 2017, and 7,877 units in 2016. In India, by 2030, over 40% of the population would live in an urban area, which is expected to create a demand for around 25 million extra housing units.
  15. The market players present in the electric water heater market are mainly focusing on strategic partnerships through collaborations. By signing a partnership across North America, it permits the company to maintain its brand name globally. For instance, in 2018, Servicewhale & Bradford White teamed up to improve the shopping way for homeowners in plumbing/HVAC contractor services. The partnership would enable Bradford White installing contractors to deliver real; custom quotes to homeowners shopping for water heater replacements automatically online.
  17. Some of the other notable players in the global electric water heater market include A. O. Smith Corporation, Ariston Thermo Group SpA, Bosch Group, Bajaj Electricals Ltd, Haier Smart Home Co., Ltd, Midea Group Co., Ltd, Siemens AG, Viessmann Werke GmbH & Co. KG, and Whirlpool Corporation, among others.
  19. Buy Now: https://www.theinsightpartners.com/buy/TIPTE100001020/
  21. The report segments the global electric water heater market as follows:
  23. Global Electric Water Heater Market – By Product
  25. Storage
  26. Non-storage
  27. Global Electric Water Heater Market – By Application
  29. Residential
  30. Commercial
  31. Industrial
  32. Global Electric Water Heater Market – By Geography
  34. North America
  35. U.S.
  36. Canada
  37. Mexico
  38. Europe
  39. France
  40. Germany
  41. Russia
  42. U.K.
  43. Italy
  44. Rest of Europe
  45. Asia Pacific (APAC)
  46. China
  47. India
  48. Australia
  49. Japan
  50. South Korea
  51. Rest of APAC
  52. Middle East & Africa (MEA)
  53. Saudi Arabia
  54. South Africa
  55. UAE
  56. Rest of MEA
  57. South America (MEA)
  58. Brazil
  59. Argentina
  60. Rest of SAM
  61. Electric Water Heater Market to 2027 - Global Analysis and Forecasts By Product (Storage, Non-storage); Application (Residential, Commercial, Industrial)
  63. About Us:
  65. The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
  67. Contact Us:
  69. If you have any queries about this report or if you would like further information, please contact us:
  71. Contact Person: Sameer Joshi
  73. E-mail: sales@theinsightpartners.com
  75. Phone: +1-646-491-9876
comments powered by Disqus