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Electric Water Heater Market Growth Set to Surge Significantly during 2020 - 2026

Author : Ronak Bora | Published Date : 2020-09-03 

Global electric water heater market growth is stimulated by increasing electrification efforts across emerging economies. 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 electric water heater market 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 electric water heater 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 1    Methodology & Scope

1.1    Methodology

1.2    Market definitions

1.3    Market estimates & forecast parameters

1.4    Data sources

1.4.1    Primary

1.4.2    Secondary    Paid sources    Public sources

Chapter 2    Executive Summary

2.1    Electric water heater market 3600 synopsis, 2015 – 2026

2.1.1    Business trends

2.1.2    Product trends

2.1.3    Capacity trends

2.1.4    Application trends

2.1.5    Regional trends

Chapter 3    Electric Water Heater Market Insights

3.1    Industry segmentation

3.2    Industry landscape, 2015 – 2026

3.3    Industry ecosystem analysis

3.3.1    Vendor matrix

3.4    Innovation & sustainability

3.4.1    A.O Smith

3.4.2    Vaillant

3.4.3    RHEEM Manufacturing

3.4.4    BOSCH Thermotechnology

3.4.5    Bradford White

3.4.6    State Industries

3.5    Regulatory landscape

3.5.1    North America    U.S.    Department of Energy    National appliance energy conservation act

3.5.2    Europe    Commission Regulation (EU)No 814/2015    BNDH EWH02    Energy labeling directive 2010/30/EU    EED – Energy Efficiency Directive 2012/27/EU    Energy performance of buildings    Austria    Belgium    France

3.5.3    Asia Pacific    China    NDRC/AQSIQ/CNCA    Mandatory labels

3.5.4    Middle East & Africa    Saudi Arabia    Saudi Arabia Energy Efficiency Standards for Electrical Appliances    Water heaters: (SASO 2884:2017)

3.6    Customer requirement

3.6.1    Customer group requirement    Price    After-Sales Service    Product Accreditation    Space Requirement & Size    Energy Efficiency

3.7    Entry barriers

3.8    Price trend analysis

3.8.1    Price trend analysis, by region

3.8.2    Price trend analysis, by capacity

3.9    Industry impact forces

3.9.1    Growth drivers    North America & Latin America    Growing demand for energy efficient water heaters    Replacement of conventional water heating technology    Europe    Government mandates pertaining to energy efficiency    Growing demand for replacement of existing water heaters    Asia Pacific & MEA    Rapid urbanization and advancing product customization    Increasing demand for energy efficient systems    Growing electrification rate

3.9.2    Industry pitfalls & challenges    High installation cost    Availability of counterparts

3.10    Growth potential analysis

3.11    Porter’s analysis

3.12    Competitive landscape, 2019

3.12.1    Strategy dashboard    RHEEM Manufacturing    BOSCH Thermotechnology    A.O Smith    Rinnai Corporation    Bradford White    Ariston Thermo    GE Appliances

3.13    PESTEL Analysis

 Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.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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