Global Gas Water Heater Market a Comprehensive Analysis | Key Players - A.O. Smith, Rinnai, Bradford White, Rheem, State Water Heaters, American Water Heaters, Kenmore, Reliance Water Heaters, US Craft Master, Whirlpool, Lochinvar, Noritz, Racold, V-guard

Gas Water Heater Market size is predicted to surpass USD 9 billion by 2024. Rising demand for the upgradation of aged heating systems and pipelines coupled with stringent government norms pertaining to energy efficient products will stimulate the gas water heater market. Increasing consumer awareness toward energy conservation along with regulatory reforms toward improved product efficiencies will further embellish the business outlook. The government of Canada in 2017, enacted the Energy Efficiency Regulation 2016 to amend the current targets. The aim of amendment is toward improving energy efficiency standards and to homogenize the domestic standards as adopted by the U.S.

Growing investments in research and development to reduce cost of power along with ongoing government initiatives toward development of sustainable energy technologies will foster the gas water heater market in China. Residential establishments to integrate the renewable energy technologies coupled with rapid commercialization will further stimulate the product penetration.

Request for Sample Copy of this research report @ https://www.gminsights.com/request-sample/detail/706

The CSEPCR Strategy of China aims at addressing the environmental and economic challenges and energy security in the nation.
The gas water heater market from residential was valued over 25 million units in 2016. Rising demand for refitting of infrastructure and advancing real estate sector will fuel the business landscape. Rising infrastructure spending along with increasing residential establishments across the developing economies will further compliment the industry outlook. Increasing measures to decrease product standby losses and rapid technological advancement will favor the industry outlook.

Rising demand for low emission heating systems coupled with growing investments toward advanced and customized products will favor the gas water heater market share in the U.S. Ongoing upgradation and refurbishment of existing heating networks along with smart temperature control devices integration will embellish the product demand. Initial cost and net pay back period are some of the strong economic factors which will further drive the industry landscape. The GE in 2017 in collaboration with DOE introduced Geo Spring Hybrid Water Heater. The product is estimated to consume 62% less energy compared to the standard 50-gallon water heater.

Gas water heater market in Germany is projected to expand over 1% by 2024.Growing awareness towards ecological balance along with favorable government initiatives will foster the product penetration. Growing adoption of advanced and innovative heating technologies along with frequent amendments in EU directives to regulate and include advancing cooling and heating technologies will embellish the industry landscape. Improved product life and growing concerns to reduce carbon footprint will further propel the product outlook.

Key players in the gas water heater market includes V-guard, Rinnai, American Water Heaters, A.O. Smith, Kenmore, U.S. Craft Master, Whirlpool, Reliance Water heaters, Lochinvar, Bradford White, State Water Heaters, Rheem, Ferroli and Noritz.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/706

Report Content

Chapter 1. Methodology and Scope

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Market definitions and forecast parameters

1.2. Data sources

1.2.1. Primary

1.2.2. Secondary

Chapter 2. Executive Summary

2.1. Gas water heater industry 3600 synopsis, 2013 – 2024

2.1.1. Business trends

2.1.2. Product trends

2.1.3. Application trends

2.1.4. Regional trends

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

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com
Explore Our Blog @ http://algosonline.com/news

This release was published on openPR.