Global Grid-Interactive Water Heater Market Top Scenario, SWOT Analysis, Business Overview & Forecast 2025

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Electric water heaters having two-way control capabilities with the grid are known as grid interactive water heaters (GIWHs). Energy storage in a GIWH proves to be economical, as its function is similar to a battery energy storage system, but at a much lesser cost. Typically, water usage in the residential sector, which holds the maximum share in the global GIWH market, is higher during mornings and evenings. As GIWH allows water to be heated as and when surplus power is available from the grid, it provides flexibility to the electric supply system and ensures cost savings,

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In addition, these heaters are a cost-efficient option even at the consumer end, as they pay for the surplus load rate, which is generally cheaper than the normal price. The global GIWH market is segmented based on end-user and geography. The key end-users identified in the report are residential and non-residential segments. The following exhibit represents the current market scenario and future projections of GIWH in each end-user segment.

The Grid-Interactive Water Heater market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Grid-Interactive Water Heater.

This report presents the worldwide Grid-Interactive Water Heater market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.

This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

The following manufacturers are covered in this report:
Steffes
Vaughn Thermal
Great River Energy
HTP (Everlast)

Grid-Interactive Water Heater Breakdown Data by Type
80 Gallon Capacities
100 Gallon Capacities
119 Gallon Capacities
Others

Grid-Interactive Water Heater Breakdown Data by Application
Residential
Non-Residential

Grid-Interactive Water Heater Production by Region
United States
Europe
China
Japan
Other Regions

The study objectives of this report are:

To analyze and study the global Grid-Interactive Water Heater capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025);
Focuses on the key Grid-Interactive Water Heater manufacturers, to study the capacity, production, value, market share and development plans in future.
Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
To strategically profile the key players and comprehensively analyze their growth strategies.

In this study, the years considered to estimate the market size of Grid-Interactive Water Heater :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025

This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Grid-Interactive Water Heater market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

Key Stakeholders

Grid-Interactive Water Heater Manufacturers
Grid-Interactive Water Heater Distributors/Traders/Wholesalers
Grid-Interactive Water Heater Subcomponent Manufacturers
Industry Association
Downstream Vendors

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