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Global Electric Water Heater Market Trends, Size, Competitive Analysis and Forecast - 2020-2026

10-13-2020 01:35 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Global Electric Water Heater Market

Global Electric Water Heater Market

The global market for electric water heater is projected to have considerable CAGR of around 5.4% during the forecast period. The major factor driving the market of electric water heater is that the electric heater do not having the danger of exploding as compare to gas water heater. In addition to this, electric water heaters allow hassle free installation leading to the increase in market growth for electric water heaters.

Request a free sample of our report on Global Electric Water Heater Market: https://www.omrglobal.com/request-sample/electric-water-heater-market

Electric water heaters consume less space as compared to conventional gas water heaters boosting the demand of electric water heater market. Furthermore, electric water heaters can be equipped with AI such as auto-timer. Moreover, Electric immersion water heaters are being significantly utilized for industrial applications due to robust and efficient heating. In addition, it has its own electricity supply and is not dependent on boilers to work. The rising application of electric water heater in commercial and industrial sector further provides significant opportunity to the market.

A full report of Global Electric Water Heater Market Is available at https://www.omrglobal.com/industry-reports/electric-water-heater-market

Global Electric Water Heater Market Segmentation

By Product Type
• Tankless Water Heater
• Storage Water Heater

By Application
• Residential
• Commercial
• Industrial

Regional Analysis
• North America
o United States
o Canada

• Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe

• Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific

• Rest of the World

Company Profiles
• A.O. Smith Corp.
• Ariston Thermo SpA
• ATC Electrical and Mechanical, Ltd.
• Bajaj Electricals Ltd.
• Bandini Scaldabagni SpA
• Bradford White Corp.
• Crompton Greaves Consumer Electricals Ltd.
• General Electric Co.
• Haier electronics group Co., Ltd.
• HTP Comfort Solutions LLC

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/electric-water-heater-market

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

About Us:
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting, and other research-based services.

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