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Storage Water Heater Market Growth, Size, Analysis, Outlook by 2020 - Trends, Opportunities and Forecast to 2026

Author : Rahul Sankrityayan | Published Date : 2019-11-06 

Global Market Insights adds Storage Water Heater Market Report new report to its research database. The report provides information on Industry Trends, Demand, Top Manufacturers, product, revenue (value) and end users/applications.

Storage water heater market, fostered by rapid technological advancement in water heater manufacturing, has been witnessing a remarkable growth rate lately. Primarily augmented by the growing demand for effective heating solutions, conventional storage water heaters, even today, remain the most popular type of water heating systems for homes and business as they demand fuel from easily available sources such as natural gas and fuel oil.

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However, the U.S Department of Energy (DoE) claims that water heating alone accounts for 18% of home’s total energy, on the grounds of which the deployment of energy-efficient heaters is being encouraged, that would help reduce electricity bills. In accordance, storage water heater market players have been working toward bringing forth a slew of highly energy-efficient products to the mainstream, thereby contributing to the expansion of the business vertical in question.

As per the U.S. Environmental Protection Agency’s (EPA) Energy Star reports, highly efficient water heaters use 10% to 50% less energy than standard water heater models, saving homeowners money on their utility bills. Although these numbers could vary based on heater location, family size, and the size and placement of water pipes, as far as energy efficiency parameters are considered, high efficiency storage water heaters can work in any climatic condition.

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 Additionally, they could save up to $500 on electric bills annually, providing a product lifetime of about 8–10 Years, that would provide a wide spate of opportunities for storage water heater market players in the years ahead. For the record, the ecoENERGY program had been developed by the Government of Canada in 2017, in order to facilitate the adoption of efficient heating systems. The regional authorities had promoted the program by offering incentives for installing appliances across educational institutes and other commercial establishments. It is thus rather overt that Canada storage water heater market will receive considerable impetus from supportive governmental programs and initiatives.

Storage water heaters, currently being one of the major consumer appliances in homes and offices, is currently the recipient of numerous advancements in water heating technologies. Additionally, efforts are being made to launch water heaters that satisfy hot water needs much quicker and in a much energy efficient way than conventional heaters. Driven by the rising number of government grants for water heaters and the proliferating trend of minimal energy consumption, storage water heater market size is poised to surpass an installation of 80 million units by 2024.

Partial Table of Contents (ToC) of the report:

Chapter 4    Storage Water Heater Market, By Capacity

4.1    Storage water heater market share by capacity, 2019 & 2026

4.2    <30 Liters

4.2.1   Global market from <30 liters, 2015 - 2026

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

4.3    30-100 liters

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

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

4.4    100-250 liters

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

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

4.5    250-400 liters

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

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

4.6    >400 liters

4.6.1   Global market from >400 liters, 2015 - 2026

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

Chapter 5    Storage Water Heater Market, By Energy Source

5.1    Storage water heater market share by energy source, 2019 & 2026

5.2    Electric

5.2.1   Global market from electric, 2015 - 2026

5.2.2   Global market from electric, by region, 2015 – 2026

5.2.3   Global market from electric, by capacity, 2015 – 2026

5.2.3.1   Global market from <30 liters, 2015 – 2026

5.2.3.2   Global market from <30 liters, by region, 2015 - 2026

5.2.3.3   Global market from 30-100 liters, 2015 – 2026

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

5.2.3.5   Global market from 100-250 liters, 2015 – 2026

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

5.2.3.7   Global market from 250-400 liters, 2015 – 2026

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

5.2.3.9   Global market from >400 liters, 2015 – 2026

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

5.3    Gas

5.3.1   Global market from gas, 2015 - 2026

5.3.2   Global market from gas, by region, 2015 – 2026

5.3.3   Global market from gas, by capacity, 2016 – 2026

5.3.3.1   Global market from <30 liters, 2015 – 2026

5.3.3.2   Global market from <30 liters, by region, 2015 - 2026

5.3.3.3   Global market from 30-100 liters, 2015 – 2026

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

5.3.3.5   Global market from 100-250 liters, 2015 – 2026

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

5.3.3.7   Global market from 250-400 liters, 2015 – 2026

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

5.3.3.9   Global market from >400 liters, 2015 – 2026

5.3.3.10   Global market from >400 liters, by region, 2015 - 2026

5.3.4   Natural gas

5.3.4.1   Global market from natural gas, 2015 - 2026

5.3.4.2   Global market from natural gas, by region, 2015 – 2026

5.3.5   LPG

5.3.5.1   Global market from LPG, 2015 - 2026

5.3.5.2   Global market from LPG, by region, 2015 – 2026

Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/storage-water-heater-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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