Electric Water Heater Market Technological Advancement, Competitive Strategies and Forecast to 2022|Growth by Major Eminent Players: AquaMax, A. O. Smith Corporation, Ariston Thermo (Racold), Bradford White Corporation, Bosch, Eemax, Rheem Manufacturing C

Global electric water heaters market was valued around USD 14.67 billion and is anticipated to reach approximately USD 31.36 billion by 2022 while maintaining a compound annual growth rate (CAGR) of 7.08% during the forecast period owing to rising residential housing projects across the world. Rising tank less water heaters demand and increasing disposable earnings is expected to fuel the growth of the global market. Factors like temperature control across longer period, energy efficiency, and enhanced environmental sustainability are projected to boost the products demand. Rising demand for wide household applications like cleaning, bathing, and cooking, plus from commercial areas like hotels and hospital may drive the growth of global electric water heaters market. Enhanced infrastructure in rural regions is expected to unlock a new opportunity for industry participants. The electric water heaters market is distinguished by amplified energy efficiency, safety awareness, and quality standards. Electricity fluctuation and shortages might hamper the global market growth.

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Electric Water Heater Market: Competitive Analysis
Major market players in global electric water heaters market are AquaMax, A. O. Smith Corporation, Ariston Thermo (Racold), Bradford White Corporation, Bosch, Eemax, Rheem Manufacturing Company, General Electric, Zenith, and Havells. Global electric water heater industry share is widely fused and the three leading market players report for over 90% of the global market share. Midea Group, AO Smith, and Haier Appliances have considerable market share in Chinese market. In addition, there are several other state-owned and private companies present in China. Racold is probably the major player in India; it is followed by Bajaj, AO Smith, Venus, Haier, and Havells. Initiatives to invest more for R&D activities will allow market participants to present superior product features. Besides, key market players are also launching new processes and products in an attempt to achieve competitive benefit.

The global electric water heaters market is segmented as follows :
By Product
• Storage
• Non-Storage
By Application
• Residential
• Commercial

Electric Water Heater Market: Regional Outlook
Asia Pacific region is expected to be the major regional market during the projected period due to developing markets like India and China. The North American electric water heaters regional market is likely to experience growth mainly owing to rising demand for replacement. The correction to the National Energy Conservation Act during April 2015 and strict energy efficiency standards might hamper the growth of North American market.

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Table of Contents:
Chapter1. Introduction

Chapter2. Executive Summary

Chapter3. Market Overview

Chapter4. Electric Water Heaters Market, By Product

Chapter5. Electric Water Heaters Market, By Application

Chapter6. Electric Water Heaters Market, By Region

Chapter7. Company Profiles

...CONTINUED FOR TOC

List of Tables:

Table 1.Global Electric Water Heaters Market, By Product, 2012-2022 ($Million)
Table 2.Storage Electric Water Heaters Market, By Region, 2012-2022 ($Million)
Table 3.Non-Storage Electric Water Heaters Market, By Region, 2012-2022 ($Million)
Table 4.Electric Water Heaters Market, By Application, 2012-2022 ($Million)
Table 5.Residential Market, By Region, 2012-2022 ($Million)
Table 6.Commercial Market, By Region, 2012-2022 ($Million)
...

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