Storage Water Heater Market Technology Growth, Application over Globe and Key Players Like Bradford White, Ferroli, Rinnai Corporation, Bosch Thermotechnology, Ariston Thermo, A.O Smith, Rheem, State Industries, Saudi Ceramics, Haier, Jaquar, Hubbell, Whi

The study on the global market for Storage Water Heater evaluated the historical and current performance of this market, especially highlighting the key trends and growth opportunities. According to the study, the rising demand for this product is driving the global market for Global Storage Water Heater significantly. The expansion in the various related industry is also expected to reflect positively on the sales of Global Storage Water Heater product over the next few years.

Storage Water Heater Market is predicted to grow over USD 13 billion by 2024. Increasing demand for hot water along with advent of advanced heating technologies will drive the business growth. Ongoing funding by respective government authorities toward smart cities development will positively impact the industry outlook. The government of India in 2015, planned to develop 100 smart cities across the country for which it approved an investment of USD 14 billion. The program further entails more funding for the construction and development of internal infrastructure.

Request a sample of this premium report titled at https://www.marketstudyreport.com/request-a-sample/1294877/?utm_source=openpr-VHS

The U.S. water heater market will reach over USD 1 billion by 2024. Escalating service sector growth coupled with ongoing regulatory compliances toward the installation of energy efficient electrical system will augment the business landscape. Ongoing refurbishment and replacement of conventional systems with newly designed compact and low power consuming models will enhance the business outlook.

Growing adoption of energy efficient appliances along with consumer inclination toward cost savings will foster the storage water heater market growth Rapid expansion of commercial buildings coupled with significant investment for the development of real estate will complement the business landscape. As per the estimates of the U.S. Department of Energy the electric water heaters can result in energy savings of up to 27 to 50% at each outlet.

Asia Pacific water heater market will grow on account of rising disposable income leading to significant improvement in living standards. In addition, growing urbanization rate along with extensive investment toward the expansion of commercial properties will boost the product adoption. In 2017, the urbanization rate across China escalated by 1.17 points when compared with 2016.

Stringent building codes and standards along with adoption of space and district heating systems across commercial buildings will accelerate 100-250 liters water heater market growth. Growing concerns of industry players toward carbon emissions along with significant measures to reduce energy bills and standby loss will further enhance the industry outlook.

Growing installation of heating systems across government hospitals, hotels, shopping malls and universities will foster the commercial water heater market. Sizeable investment for reinforcing existing heating infrastructure along with shifting industry trends toward adoption of hybrid heating technologies will augment the industry landscape.

Natural gas water heater market will grow on account of key features including rapid recovery rate, low operation cost and mass flow in comparison with other counterparts. Installation of gas heaters results in considerable reduction in heating bills across regions with gas accessibility and abundant reserves. Furthermore, suitability with commercial operations along with instant heating capacity will positively enhance the business outlook.

Request a discount on standard prices of this premium report titled at https://www.marketstudyreport.com/check-for-discount/1294877

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

Report Content

Chapter 1 Methodology & Scope

1.1 Methodology

1.2 Market definitions

1.3 Market estimates & forecast parameters

1.4 Data Sources

1.4.1 Primary

1.4.2 Secondary

1.4.2.1 Paid sources

1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Storage water heater market 360 degree synopsis, 2013 - 2024

2.1.1 Business trends

2.1.2 Capacity trends

2.1.3 Energy source trends

2.1.4 Application trends

2.1.5 Regional trends

Chapter 3 Storage Water Heater Industry Insights

3.1 Industry segmentation

3.2 Industry landscape, 2013 - 2024

3.3 Industry ecosystem analysis

3.3.1 Vendor matrix

3.4 Innovation & sustainability

3.4.1.1 A.O Smith

3.4.1.2 RHEEM Manufacturing

3.4.1.3 BOSCH Thermotechnology

3.4.1.4 Bradford White

3.4.1.5 State Industries

3.5 Regulatory landscape

3.5.1 North America

3.5.1.1 U.S.

3.5.1.2 Canada

3.5.2 Europe

3.5.2.1 Germany

3.5.2.2 Ireland

3.5.2.3 Spain

3.5.3 Asia Pacific

3.5.3.1 India

3.5.3.2 China

3.5.3.3 Thailand

3.5.4 Middle East & Africa

3.5.4.1 Saudi Arabia

3.5.4.2 UAE

3.5.4.3 Kuwait

3.5.4.4 South Africa

3.5.4.5 Oceania

3.5.4.6 New Zealand

3.6 Customer requirement

3.6.1 Customer group requirement

3.6.1.1 Price

3.6.1.2 After sales services

3.6.1.3 Product accreditation

3.6.1.4 Space requirement & size

3.6.1.5 Energy efficiency

3.7 Entry barriers

3.8 Price trend analysis, by energy source

3.8.1 Electric

3.8.1.1 400 liters

3.8.2 Gas

3.8.2.1 400 liters

3.9 Consumed cost of energy (CCE) and NPV analysis

3.9.1 CCE analysis for water heating technology replacement options

3.9.2 NPV analysis for water heating technology replacement options

3.10 Industry impact forces

3.10.1 Growth drivers

3.10.1.1 North America

3.10.1.1.1 Growing demand for energy efficient heating systems

3.10.1.2 Europe

3.10.1.2.1 Government norms pertaining to energy efficiency

3.10.1.2.2 Growing demand for replacement of existing water heaters

3.10.1.3 Asia Pacific

3.10.1.3.1 Rapid urbanization & advanced product customization

3.10.1.3.2 Increasing demand for water heating systems

3.10.1.4 Middle East & Africa

3.10.1.4.1 Extreme climatic conditions

3.10.1.4.2 Advancing technology with rising emission standards

3.10.1.5 Middle East & Africa

3.10.1.5.1 Growing concerns toward emissions

3.10.2 Industry pitfalls & challenges

3.10.2.1 High upfront cost

3.11 Growth potential analysis

3.12 Porter's Analysis

3.13 Competitive landscape, 2017

3.13.1 Strategy dashboard

3.13.1.1 RHEEM Manufacturing

3.13.1.2 BOSCH Thermotechnology

3.13.1.3 A.O Smith

3.13.1.4 Rinnai Corporation

3.13.1.5 Bradford White

3.13.1.6 Saudi Ceramics

3.13.2 Company market share

3.14 PESTEL Analysis

Chapter 4 Storage Water Heater Market, By Capacity

4.1 Storage water heater market share by capacity, 2017 & 2024

4.2 400 liters, by region, 2013 - 2024

Complete report titled at https://www.marketstudyreport.com/reports/storage-water-heater-market

About Us:

Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

Contact Us:

Market Study Report LLC

4 North Main Street,

Selbyville, Delaware 19975

USA

Phone: 1-302-273-0910

US Toll Free: 1-866-764-2150

Email: sales@marketstudyreport.com

Website: https://www.marketstudyreport.com

Blog: https://www.marketstudyreport.com/blog

This release was published on openPR.