MarketStudyReport.com announces availability of global water heater market size 2018-2024 research spread across 415 pages supported with 2423 data tables and 37 figures providing data and information by product, by capacity, by application, by fuel as well as regional outlook.
Instant water heater market is predicted to grow because of limited maintenance requirements and fuel flexibility. In addition, the efficient energy utilization by these systems along with high precision control will augment the product adoption across commercial and residential establishments. Growing demand for quick water supply coupled with their compact size and light weight will increase the deployment of these products.
Growing consumer awareness toward the operational benefits of advanced heating solutions coupled with improving quality standards will fuel global water heater market growth. Increasing legislative interest toward the adoption of solar powered heating solutions along with progressive enforcement of green building codes will further support the deployment of these systems. For instance, Canada SEIA (Solar Energies Industries Association) in 2014, has aimed to install 100 GWh units of solar heaters by 2025 and 300GWh units by 2030.
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U.S. water heater market was valued over USD 2 billion in 2017. Rising concerns toward the impact of fossil fuels on environment & climate change along with growing investments toward renewable energy projects will drive the business growth. In addition, rapid technological advancements in order to achieve energy efficiency and cost effectiveness will further boost the product demand. As per the U.S. Energy Information Administration, in 2017, fossil fuel consumption in the power sector declined 22.5 BTU, the lowest since 1994.
Increasing deployment of water heating systems across hotels, healthcare, offices, shopping complexes, universities and public buildings will drive the commercial water heater market. In addition, sizeable investments toward the reinforcement of conventional infrastructure along with technological integrations toward flexible & hybrid heating systems will stimulate the product penetration.
Companies profiled in this water heater market report for 2018-2024 include A. O. Smith Corporation, Bradford White Corporation (BWC), Ferroli S.p.A, Bosch Thermotechnology, Rheem Manufacturing Company, State Industries, Rinnai Corporation, Hubbell Incorporated, Saudi Ceramics, Linuo Ritter International Co., Ltd., Himin Solar Co. Ltd., Ariston Thermo Group, Jaquar, KANCH (HANGZHOU) WATER HEATER CO., LTD., VIESSMANN Manufacturing Company Inc., Whirlpool Corporation, Vaillant Group and Haier Electronics.
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Rising adoption of pre-plumbed unvented systems in construction sector along with the introduction of IoT in water heating industry will augment the electric water heater market growth. Consumer proclivity toward the adoption of convenient and highly efficient heating solutions will further accelerate the industry growth. As per the Department of Energy electric demand-type water heaters provide energy savings of 27% to 50% at each hot water outlet.
Major Chapters from Table of Contents of this report include:
Methodology and Scope
Executive Summary
Global Water Heater Industry Insights
Global Water Heater Market, By Product
Global Water Heater Market, By Capacity
Global Water Heater Market, By Fuel
Global Water Heater Market, By Application
Global Water Heater Market, By Region
Company Profiles
Data Tables, Charts & Figures
Complete report titled Global Water Heater Market Size By Product (Solar, Instant [Electric, Gas], Storage [Electric {< 30 Liters, 30-100 Liters, 100-250 Liters, 250-400 Liters, > 400 Liters}, Gas{< 30 Liters, 30-100 Liters, 100-250 Liters, 250-400 Liters, > 400 Liters}]), By Capacity (< 30 Liters, 30-100 Liters, 100-250 Liters, 250-400 Liters, > 400 Liters), By Application (Residential, Commercial [College/University, Office, Government/Military]), By Fuel (Natural gas, LPG) Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, France, Germany, Italy, Australia, Spain, Netherland, Denmark, Finland, Sweden, Norway, Russia, Belarus, Armenia, Kazakhstan, Kyrgyzstan, Azerbaijan, Moldova, Tajikistan, Turkmenistan, Ukraine, Uzbekistan, China, Australia, India, Japan, South Korea, Indonesia, Malaysia, Singapore, Thailand, New Zealand, Philippines, Saudi Arabia, UAE, Qatar, Kuwait, Bahrain, Oman, Turkey, South Africa, Nigeria, Algeria, Egypt, Israel, Cyprus, Lebanon, Iraq, Brazil, Argentina, Chile), Application Potential, Competitive Market Share & Forecast, 2018 – 2024 is available at https://www.marketstudyreport.com/reports/global-water-heater-market .
Another research titled Global Electric Water Heaters Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023 says worldwide market for Electric Water Heaters is expected to grow at a CAGR of roughly 5.7% over the next five years, will reach 26500 million US$ in 2023, from 19000 million US$ in 2017. Increasing government initiatives to improve rural infrastructure and uninterrupted electricity availability in these areas is expected to provide new opportunities to market growth. Read more on this electric water heater market report at https://www.marketstudyreport.com/reports/global-electric-water-heaters-market-2018-by-manufacturers-regions-type-and-application-forecast-to-2023 .
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