Electric Water Heater Market 2021 Global Forecasts and Review Research Report || A. O. Smith Corporation, Ariston Thermo Group SpA, Bosch Group, Bajaj Electricals Ltd

Electric water heater market on a global scenario was valued at US$ 14,078.4 Mn in 2018 and is expected to grow at a CAGR of 4.9% during the forecast period, to reach US$ 21,478.7 Mn by 2027.

Water heating accounts for a considerable proportion of domestic energy use in all economies. The electric storages water heater comes in two product types, such as storage electric water heater and non-storage water heater. The electric storages water heater used where the electric element provides heating, and they are used in homes and businesses. While the non-storage water heater includes an instantaneous water heater, which heats the water instantly, such types of heaters are best suited for homes. It can lessen water heating costs by half as it is able to adjust the amount of electricity required to warm up the water.

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The growing construction activities and development of the building infrastructure are driving the electric water heating demand across commercial establishments in the European countries. On the other hand, demand for solar water heaters is rising among the South American and the Middle East and African countries. Several governments in these regions are subsidizing on procuring solar power water heaters, which is enabling the individuals to adopt the same quickly. Also, governments are creating awareness related to the benefits of solar power, such as renewable and environmentally friendly energy.

Some of the other notable players in the global electric water heater market include A. O. Smith Corporation, Ariston Thermo Group SpA, Bosch Group, Bajaj Electricals Ltd, Haier Smart Home Co., Ltd, Midea Group Co., Ltd, Siemens AG, Viessmann Werke GmbH & Co. KG, and Whirlpool Corporation, among others.

Speaking about this research report in particular, it includes:
• Five Types of Segmentations (by Product, Application, Capacity, Region)
• Five Major Regions (North America, Europe, Asia Pacific, Middle East &Africa, South & Central America)
• Market Information For 10 Years (2017 & 2018 – Historic Years, 2019 – Base Year and 2020-2027 Forecast Period)
• Key Industry Dynamics including factors that are Driving the Market, Prevailing Deterrent, Potential Opportunities as Well as Future Trends.
• Ten Company Profiles (these are not just Major Players but a Mix of Leading, Emerging Players, Market Disruptors, Niche Market Players, etc.)
• Industry Landscape Analysis
• Analysis of COVID-19 Impact on this market at Global and Regional Level.

The state-of-the-art research on Electric Water Heater market, which is a detailed analysis of business space inclusive of the current market trends, competitive background, and size of the market. Encircling one or more parameters among analysis of the product, application potential, and global and regional growth strategies.

A thoroughgoing evaluation of the market restrains included in the report which represents the difference to drivers of the market and gives scope for strategic insights and developments. The research study has amalgamated the growth analysis of different aspects that enhance the market growth scenario. It constitutes key market drivers, restraints and trends that transform the market in either a positive or negative manner.

We are keen to understand what additional information if included will help you in your business endeavor. We also hold the expertise to customize the reports based on any specific countries/regions, segmentations, companies, etc. of your choice. Hence you can share your specific requirements, if any.

The Table of Content for Electric Water Heater Market research study includes:
 Introduction
 Key Takeaways
 Research Methodology
 Electric Water Heater Market Landscape
 Electric Water Heater Market - Key Market Dynamics
 Electric Water Heater Market - Global Market Analysis
 Electric Water Heater Market - Revenue And Forecasts to 2027 –Type
 Electric Water Heater Market - Revenue And Forecasts to 2027 – Type of Product
 Electric Water Heater Market - Revenue And Forecasts to 2027 – Service
 Electric Water Heater Market Revenue And Forecasts to 2027 – Geographical Analysis
 Impact of Covid-19 Pandemic on Global Electric Water Heater Market
 Industry Landscape
 Electric Water Heater Market, Key Company Profiles
 Appendix
 List of Tables
 List of Figures

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