Press release
Global Water Heater Market Will Rake In US$ 52.8 Billion In Revenues By The End Of 2021
According to the latest market report published by Persistence Market Research, titled “Global Market Study on Water Heater Market: Increased Product Visibility Has Resulted in Increasing Demand for Energy-efficient Water Heaters in the Recent Past,” the water heater market is estimated to be valued at US$ 39.5 Bn by the end of 2015 and is anticipated to expand at a CAGR of 4.9% from 2015 to 2021. Also, in terms of volume, around 68.8 Mn water heater units are expected to be installed by 2015 end across the globe, with the overall market anticipated to expand at a CAGR of 4.6% during the forecast period.Hot water is an essential part of day to day living. It is required for showering, washing clothes, and other purposes, such as for hydronic heating and thermal comfort, especially in extremely cold climate regions and countries. Appliances supplying hot water for residential and commercial purposes include boilers, Heating, Ventilating, and Air Conditioning (HVAC) systems, and water heaters.
Request for Report Sample@ https://www.persistencemarketresearch.com/samples/3289
Expanding manufacturing and construction industry, increasing urbanization, and rise in strategic alliances by various players to leverage market opportunity are factors driving the growth of the global water heater market currently. Also, increasing demand for continuous hot water supply is prompting manufacturers to focus on delivering energy efficient and low maintenance water heater products. However, factors such as high installation costs, increasing focus on compliance of standards, and fuel demand dynamics are restricting the growth of the overall water heaters market currently.
Global water heaters market is segmented on the basis of product types, storage types, and end use regions. Product type segments include solar heaters, electric heaters, gas & propane heaters, and geothermal water heaters. Of these, the electric heaters segment is expected to dominate the market in terms of value share contribution by 2021 end and is expected to expand at the highest CAGR over the forecast period (2015–2021). In terms of volume, the gas and propane heaters segment is expected to account for a significant market share during the forecast period.
Request for Report Table of Content (TOC) @ https://www.persistencemarketresearch.com/methodology/3289
Key market players profiled in this report include Venus Home Appliances Private Ltd., AO Smith Corporation, Rheem Manufacturing Co., Siemens AG., Ariston Thermo SPA. Bajaj Electricals Ltd., Bradford White Corp., Haier Electronics Group Co., Ltd., HTP Inc., Noritz Corp. and Rinnai Corp. In addition, China-based manufacturers covered in the report include Zhejiang KANCHQUAN Electric Appliance Co., Ltd, Jiaxing Jinyi Solar Energy Technology Co, Ltd., Genrui, Himin Solar Co., Ltd, and Zhongshan Inse Group Co, Ltd.
ABOUT US:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
CONTACT:
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Water Heater Market Will Rake In US$ 52.8 Billion In Revenues By The End Of 2021 here
News-ID: 1589037 • Views: …
More Releases from Persistence Market Research

North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market
The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and…

Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts.
Forged automotive components are critical to…

Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the…

Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring…
More Releases for Heater
Life Heater Reviews 2025: Is Life Heater Portable Heater The Best Space Heater? …
Life Heater Reviews 2025: Is Life Heater Portable Heater The Best Space Heater? Read This Honest Review About Life Heater Before You Buy.
When it comes to keeping your home warm during the coldest months of the year, comfort and cost-efficiency often seem at odds. However, the Life Heater is changing the game by combining powerful performance with smart energy savings. Designed with the latest advancements in home heating technology, the…
Valty Heater Reviews Updated: Should I Buy Valty Heater? All You Need To Know Ab …
Valty Heater Reviews Updated: Should I Buy Valty Heater? All You Need To Know About Valty Heater Space Heater Before You Buy. Is Valty Heater Legit Space Heater?
Welcome to the realm of Valty Heater - where cutting-edge technology meets unparalleled warmth! Introducing the Valty Heater Portable Heater, a pinnacle of innovation designed to redefine heating experiences across the USA and Canada. Featuring a revolutionary Rapid Heating System, this portable powerhouse…
Ultra Air Heater Reviews USA Update: Introducing Ultra Air Heater Portable Heate …
Ultra Air Heater Reviews USA Update: Introducing Ultra Air Heater Portable Heater A Groundbreaking Space Heater For Everyone. Does Ultra Air Heater Work? Shocking Truth About Ultra Air Heater Revealed!!!
Introducing the groundbreaking Ultra Air Heater, a revolutionary leap in the realm of heating devices. This ceramic heater boasts unparalleled power, energy efficiency, and a sleek, lightweight design that redefines your indoor heating experience. Its compact size makes it the ideal…
Toasty Heater Reviews USA (2023 Update): Does Toasty Heater Portable Heater Real …
Toasty Heater Reviews USA (2023 Update): Does Toasty Heater Portable Heater Really Work? See What Toasty Heater Users Are Saying.
Welcome to the world of Toasty Heater, where innovation meets warmth! Introducing the Toasty Heater Portable Heater with its revolutionary Rapid Heating System, capable of transforming a chilly 350 sq ft room into a cozy haven in a mere 3 minutes. Setting up this powerhouse is a breeze - just plug…
Alpha Heater Portable Heater Reviews - Does Alpha Heater Really Work?
Alpha heater is a small plug-in heater that helps keep a room at a comfortable temperature. As it doesn't have any additional parts that could use a lot of energy or space, you will definitely save money on your electricity bills.
Read This Honest Review of Alpha Heater Before Buying!
Alpha heater is a small plug-in heater that helps keep a room at a comfortable temperature. As it doesn't have any additional…
Toasty Heater Reviews: Does Toasty Heater Work Or Fake Winter Heater In The Unit …
Toasty Heater Reviews: Does Toasty Heater Work Or Fake Winter Heater In The United States? (USA Toasty Heater Reviews)
Toasty Heater Reviews: Does Toasty Heater Work Or Fake Winter Heater In The United States? (USA Toasty Heater Reviews) - Toasty Heater Consumer Reports - Best Toasty Heater Reviews 2023
Brrr! Brace yourselves, folks, because the national weather services are predicting a bone-chilling winter ahead-one for the history books! But fear not, as…