Press release
Water Heater Market projected to reach at $48,519 million growing at a CAGR of 5.1% by 2025 | Top Key Players A. O. Smith Corporation, Ariston Thermo SPA, Bajaj Electricals Limited, Bradford White Corporation
Water Heater
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Moreover, consumer inclination towards the adoption of energy efficient systems, favorable government subsidies encouraging the use of solar water heaters have boosted the growth of the water heater market. Furthermore, rise in number of hospitals and hotels, and increase in population and improved infrastructure in rural areas is anticipated to fuel the growth of the global water heater market. However, frequent outages and electricity shortage (in developing countries), technical issues, and rising electricity prices and high operating costs of electric water heaters may restrain the market growth.
The report segments the global water heater market based on type, application, and distribution channel. By type, the market is divided into gas, instant, storage, and solar. Based on application, it is classified into commercial, residential, and industrial. By distribution, it is categorized into supermarket/hypermarket, specialty stores, e-commerce, and others.
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Top Key Players :A. O. Smith Corporation, Ariston Thermo SPA, Bajaj Electricals Limited, Bradford White Corporation, Haier Electronics Group Co., Ltd, Noritz Corp, Rheem Manufacturing Company, Rinnai Corporation, Robert Bosch GmbH, and Venus Home Appliances (P) Ltd.
Key Benefits for Water Heater Market:
• This report provides an extensive analysis of the current trends, emerging estimations, and dynamics of the global water heater market from 2018 to 2025.
• The key countries in all the major regions are mapped based on their market shares.
• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier buyer network.
• A comprehensive analysis of factors that drive and restrict the growth of the global water heater market is provided.
• An in-depth analysis of the global water heater market helps to determine the prevailing market opportunities.
Water Heater Key Market Segments:
By Type
• Gas
• Instant
• Storage
• Solar
By Application
• Commercial
• Residential
• Industrial
By Distribution channel
• Supermarket/Hypermarket
• Specialty Stores
• E-Commerce
• Others (Wholesalers, distributors)
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