Press release
Water Heaters Market Strong Developments And Significant Increase In Revenue During Forecast Period, 2021-2025
The global water heaters market is expected to grow from $38.59 billion in 2020 to $42.68 billion in 2021 at a compound annual growth rate (CAGR) of 10.6%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $62.05 billion in 2025 at a CAGR of 10%.
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The water heaters market consists of sales of water heaters. A water heater is a device used for heating water above its ambient temperature, used generally for domestic purposes.
Some of the key players involved in the water heaters market are Siemens AG, Bajaj Electricals Ltd, Bradford White, Rinnai, HTP, Bradford White, Rheem Manufacturing Co, Heat Transfer Products Inc.
The countries covered in the global water heaters market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global water heaters market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Water Heaters Market Segmentation:
1) By Product Type: Solar Heaters, Electric Heaters, Gas and Propane Heaters, Geothermal Heaters
2) By End User: Residential, Commercial, Industrial
3) By Distribution Channel: Supermarket/Hypermarket, Specialty Stores, E-Commerce, Others (Wholesalers, Distributors)
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A Few Points From The Table Of Contents
1. Executive Summary
2. Water Heaters Market Characteristics
3. Water Heaters Market Trends And Strategies
4. Impact Of COVID-19 On Water Heaters
5. Water Heaters Market Size And Growth
……
27. Water Heaters Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Water Heaters Market
29. Water Heaters Market Future Outlook and Potential Analysis
30. Appendix
The report covers the trends and market dynamics of the water heaters market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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