+1-888-308-5802     
News Contact Us

Storage Water Heater Market in U.S. to Grow 2%+ CAGR from 2018-2024

Author : Rahul Sankrityayan | Published Date : 2019-04-17 

The U.S. market is predicted to exceed USD 1 billion by 2024. Rapid growth across the service sector along with ongoing regulations toward the deployment of efficient electrical appliances will positively influence the business outlook. Replacement and upgradation of existing systems with compact designs and energy efficient models will enhance the industry outlook.

Request for a sample copy of this report @
https://www.gminsights.com/request-sample/detail/2941

935 pages

1970 market data tables

36 figures & charts

Storage Water Heater Market is set to exceed USD 13 billion by 2024.Increasing hot water demand coupled with the adoption of advanced technologies will stimulate the storage water heater market. Significant government investment toward the development of smart cities will enhance the industry outlook. The Government of Canada in 2017, developed the ecoENERGY program for facilitating the adoption of efficient heating systems. The authorities promoted the program by providing incentives for installation of appliances across commercial establishment and educational institutes.

Introduction of IoT across water heating industry coupled with growing adoption of unvented pre-plumbed systems primarily across construction sector will augment the electric water heater market growth. Growing adoption of highly efficient and convenient heating solutions along with consumer proclivity toward savings in energy bills will positively impact the business outlook. As per U.S. DoE, electric water heaters have the capability to provide 27% - 50% energy savings at each hot water outlet.

Make an inquiry for purchasing this report @
https://www.gminsights.com/inquiry-before-buying/2941

Improvement in living standards coupled with substantial growth in urbanization owing to increasing disposable income will accelerate the Asia Pacific market growth. In addition, effective modernization and replacement measures for existing traditional heating systems with an aim to provide energy efficiency will increase the product adoption. As per the World Urbanization Prospects, the region has witnessed 54.7% urbanization rate in 2017 when compared to 53.8% in 2015.

100-250 liters system is set to witness rapid growth on account of stringent building standards and codes coupled with ongoing investment toward the construction of sustainable infrastructure. Industry players are adopting strategic initiatives toward upgradation of existing heating systems in order to reduce the cost of energy and minimize the large standby losses.

Technological integration toward hybrid and flexible heating systems along with sizeable investments toward the reinforcement of conventional infrastructure will stimulate the commercial water heater market. Increasing deployment of water heating systems across healthcare, hotels, offices, universities, shopping complexes and public buildings will propel the product penetration.

Browse Complete Summary of this report @
https://www.gminsights.com/industry-analysis/storage-water-heater-market

Quick recovery rate, mass flow and low operational cost when compared with its available counterparts will drive the natural gas water heater market growth. Deployment of gas variants results in cost saving owing to ease of accessibility across gas abundant regions. In addition, suitability for commercial application coupled with quick heating capability will enhance the industry outlook.

Key players across the global market includes Rinnai Corporation, Bradford White, A.O Smith, Ferroli, Bosch Thermotechnology, Rheem, Saudi Ceramics, State Industries, Haier, Hubbell, Jaquar, Ariston Thermo, Whirlpool, Kanch Water Heaters, Viessmann and Vaillant.

Related Report:

Middle East Distribution Panel Market 2024

https://www.marketwatch.com/press-release/surface-mounted-distribution-panel-market-will-grow-over-75-by-2024schneider-electric-saabb-2019-04-16

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

Related News

Yeast extract market outlook 2024; Strong application scope in food & beverages and pharmaceuticals industry

Published Date: 2019-04-25         Author: Rahul Sankrityayan

The tremendous usage of yeast extracts across the pharmaceutical and F&B sectors has set the stage for the massive growth of yeast extract industry. Processed yeast products, collectively referred as ‘yeast extracts’, are prominently used as food additives to create assorted flavors ... Read More

Animal feed additives market to be described by a stringent regulatory Outlook

Published Date: 2019-04-25         Author: Rahul Sankrityayan

The current scenario in the overall animal health space seems to be indicating that prominent behemoths in animal feed additives market are continuously involved in enhancing the quality of feed nutrition and improving feed palatability and digestibility. Feed additives are known to overcome dietary... Read More

Carbon Capture and Storage Market Analysis, Current and Future Trends 2018 – 2024

Published Date: 2019-04-25         Author: Rahul Sankrityayan

Carbon Capture and Storage market report provides all study material concerning summary, growth, demand and forecast analysis report altogether across the globe. Carbon Capture and Storage Market size will cross USD 6 billion by 2024, as reported in the latest study by Global Market Insights, Inc... Read More

© 2019 Fractovia. All Rights Reserved