Press release
Europe Electric Water Heater Market Strong Extension in Revenue Continues during Forecast 2019-2027| Siemens, Bosch Group, Whirlpool Corporation, Haier Smart Home Co., Ltd
The electric water heater market in Europe is expected to grow from US$ 3,112.6 Mn in 2018 to US$ 4,249.7 Mn by the year 2027 at a CAGR of 3.5% during the forecast period. The Europe Electric Water Heater market is growing along with the Electronics and semiconductor industry, suggests the Business Market Insights report. The Business Market Insights provides you regional research analysis on “Europe Electric Water Heater Market” and forecast to 2027.The increasing urban migration is leading to a rise in the residential sector, the development of the commercial sector is also flourishing across the globe. The commercial sectors in the developed countries are constantly seeking enhanced technologies in order to serve their customers with advanced solutions, while the sector in developing countries is striving hard to improve technologically robust infrastructure. The commercial sector in the electric water heater market include commerce zones, shopping malls, hotels, hospitals, and public infrastructures.
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The owners or leasers of these infrastructures procure water heaters in decent quantity owing to the fact that, these infrastructures experience a significantly large footfall regularly. Intending to serve each individual in these infrastructures, the demand for a technologically robust, less energy-consuming electric water heater is at a constant rise. This factor is driving the electric water heater market.
Major Key players covered in this report:
• AO Smith Corporation
• Ariston Thermo S.p.A
• Alfa Laval.
• Bosch Group
• Bradford White Corp.
• Haier Smart Home Co., Ltd.
• Midea Group
• Siemens AG
• Viesmann Group
• Whirlpool Corporation
The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Europe Electric Water Heater market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the Europe Electric Water Heater market segments and regions.
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Europe Electric Water Heater Market–Segmentation
Europe Electric Water Heater Market – By Product
• Storage
•
o < 30 Litres
o 30 - 100 Litres
o 100 - 250 Litres
o 250 - 400 Litres
o > 400 Litres
• Non-storage
Europe Electric Water Heater Market – By Application
• Residential
• Commercial
• Industrial
Europe Electric Water Heater Market by Country
• France
• Germany
• Italy
• UK
• Russia
• Rest of Europe
The research on the Europe Electric Water Heater market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Europe Electric Water Heater market on the basis of end user, product type, application, and demography for the forecast period 2020–2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.
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This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Europe Electric Water Heater market.
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