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Electric Water Heater Market Segmented by Product, Top Manufacturers, Geography Trends & Forecasts to 2026

Author : Ronak Bora | Published Date : 2020-09-16 

Electric water heater market growth is stimulated by increasing electrification efforts across emerging economies are some of the major factors propelling. Additionally, apart from these rising electrification rates, significant government investments on infrastructure expansion and development is also playing a pivotal role in fueling the overall market expansion.

The growing inclination of the global population towards the use of energy efficient electrical appliances, owing to rising electricity costs, would further complement industry outlook over the forthcoming timeframe.

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Similarly, significant improvement in product performance and design would increase the deployment of electric water heaters. Additionally, strong competition among the industry counterparts would further complement its growth.

Moreover, improvement in crucial issues including dry firing, calcium deposition, and standby heat losses would augment the product deployment. Furthermore, the development of smart water heaters with integrated AI applications and improved UI capabilities would further support product penetration across several sectors.

Some major findings of the electric water heater market report include:

  • Ongoing investments toward product design and development will spur the market growth
  • Ongoing measures to curb carbon emissions along with stringent energy efficiency directives will accelerate the business growth
  • Development of high capacity and low power consuming appliances coupled with growing demand from large commercials applications with spur the market growth.
  • Key players functioning in the electric water heater market include Rheem Manufacturing, A.O Smith, Bradford, Bosch and Rinnai.
  • Growing infrastructural spending on account of rising economic growth will augment the business landscape.

Easy maintenance and repair along with flexible installation with the existing electrical circuit will stimulate the deployment across residential applications. The manufacturers are focusing toward forward integration with extensive post sale services for the customers. In addition, availability of multiple designs and capacities suitable for varied user requirement coupled with introduction of newer technologies with improved performance will complement the business landscape.

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All in all, increasing deployment across residential and commercial sectors, stringent government norms regarding electricity usage, growing technological advancements, and a healthy competitive landscape are overtly indicative of massive growth opportunities for the electric water heater market.

Some of the major market players contributing to the overall market growth include Rinnai, Bosch, Bradford, A.O Smith, and Rheem Manufacturing among others.

Table of Contents (ToC) of the report:

Chapter 4    Electric Water Heater Market, By Product

4.1    Electric water heater market share by product, 2019 & 2026

4.2    Instant

4.2.1    Global market from instant, 2015 - 2026

4.2.2    Global market from instant, by region, 2015 – 2026

4.3    Storage

4.3.1    Global market from storage, 2015 - 2026

4.3.2    Global market from storage, by region, 2015 – 2026

Chapter 5    Electric Water Heater Market, By Capacity

5.1    Electric water heater market share by capacity, 2019 & 2026

5.2    <30 Liters

5.2.1    Global market from <30 liters, 2015 - 2026

5.2.2    Global market from <30 liters, by region, 2015 – 2026

5.3    30-100 liters

5.3.1    Global market from 30-100 liters, 2015 - 2026

5.3.2    Global market from 30-100 liters, by region, 2015 – 2026

5.4    100-250 liters

5.4.1    Global market from 100-250 liters, 2015 - 2026

5.4.2    Global market from 100-250 liters, by region, 2015 – 2026

5.5    250-400 liters

5.5.1    Global market from 250-400 liters, 2015 - 2026

5.5.2    Global market from 250-400 liters, by region, 2015 – 2026

5.6    >400 liters

5.6.1    Global market from >400 liters, 2015 - 2026

5.6.2    Global market from >400 liters, by region, 2015 – 2026

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/electric-water-heater-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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