Press release
On-Demand Healthcare To Be The New Thing In The Water Heater Market
Water heating is considered as the top energy expense in the home. However, homeowners are looking for better water heaters to reduce their monthly bill. This is leading the manufacturers to develop innovative products that consume less energy. With consumers moving towards adopting tankless and high-efficiency water heater technology, the manufacturers of water heaters are focusing on redesigning their products to maintain their position in the global water heater market. Tankless water heaters offer space-saving benefits and are highly efficient. Meanwhile, governments in different countries are also encouraging the use of natural sources of energy, thereby driving the demand for solar water heaters. Energy efficient hybrid water heaters are also being developed on a large scale by manufacturers.To remain ‘ahead’ of your competitors, request for a samples@https://www.persistencemarketresearch.com/samples/3289
Smart water heaters are also gaining popularity in the global market for water heaters. Smart water heaters are equipped with controlling and communication systems that can be managed with the help of a mobile application. A consumer can schedule hot water usage time and turn the water heater on and off with an application. Some of these water heaters can also display energy used along with some other data. In order to offer better technology and innovative products, companies are also focusing on mergers and acquisitions. Manufacturers are increasingly investing in the research and development of energy-efficient and cost-effective water heater technology. According to the report on the global water heater market by Persistence Market Research (PMR), the market is likely to witness steady growth during the forecast period 2017-2021. By the end of 2021, the global market for water heaters is projected to bring in more than US$ 50 Billion in revenue.
Electric Heaters to Gain Maximum Traction in the Near Future
On the basis of product type, electric heaters are expected to emerge as the highly preferred water heater in the global water heater market. Electric heaters are estimated to reach close to US$ 20 Billion in revenue by 2021 end. Based on storage type, storage heater is likely to witness significant growth during the forecast period. Towards the end of 2021, storage heaters are projected to reach nearly US$ 30 Billion in revenue. Meanwhile, tankless heater is also expected to remain lucrative during 2017-2021. By end use, compared to the residential sector, the commercial sector is likely to witness the highest growth. The commercial sector is estimated to surpass US$ 30 Billion in revenue by the end of 2021.
Download TOC, list of figures & tables@https://www.persistencemarketresearch.com/market-research/water-heater-market/toc
Europe Expected to Remain Dominant During the Forecast Period 2017-2021
Region wise, Europe is likely to emerge as one of the largest regions in the global market for water heaters. By the end of 2021, Europe is projected to exceed US$ 19.5 Billion in revenue. The EU has introduced policies for energy labeling across all the water heater technologies. The implementation of energy labels leads to energy efficiency performance of all the water heater technologies and offers opportunity for cost saving. Water heaters in Europe are manufactured as per the energy labeling and eco-design requirements. Meanwhile, Asia Pacific is also expected to witness substantial growth during the forecast period. Manufacturers in Japan are likely to come up with innovative water heaters that are energy-efficient and cost-effective.
Prominent Players in the Global Market for Water Heaters
AO Smith Corporation, Haier Electronics Group Co., Ltd., Ariston Thermo Group, Bajaj Electricals Ltd., Noritz Corporation, Bradford White Corp., Rinnai Corporation, Rheem Manufacturing Company, Venus Home Appliances (P) Ltd., HTP, SIEMENS AG, Jiaxing Jinyi Solar Energy Technology Co, Ltd., Zhejiang KANCHQUAN Electric Appliance CO.LTD, Himin Solar Co. Ltd, Zhongshan Inse Group Co, Ltd., and GENRUI TECHNOLOGY CO.LTD, are some of the leading companies active in the global water heater market.
For in-depth competitive analysis, buy now@https://www.persistencemarketresearch.com/checkout/3289
Contact us:
Persistence Market Research
Address – 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com
About us:
Persistence Market Research, as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release On-Demand Healthcare To Be The New Thing In The Water Heater Market here
News-ID: 2492790 • Views: …
More Releases from Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market
The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to…
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market
The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in…
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market
The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According…
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market
The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained…
More Releases for Billion
Freight Trucking Market worth $2,732 billion to USD 4,457.4 Billion by 2031
Rise in use of telematics in automotive sector, expansion of the e-commerce industry, and surge in urbanization have boosted the growth of the global freight trucking market. The market across Asia-Pacific dominated in 2021, holding more than two-fifths of the market. The Covid-19 pandemic resulted in flight cancellation, implementation of quarantine measures, and trave bans, which disrupted the supply chain.
According to a new report published by Allied Market Research, titled,…
From $59.7 Billion to $153.9 Billion : Automotive Semiconductor Market Accelerat …
According to a new report published by Allied Market Research, titled, "Automotive Semiconductor Market Size, Share, Competitive Landscape and Trend Analysis Report, by Component, by Vehicle Type, by Propulsion Type, by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032."
The automotive semiconductor market was valued at $59.7 billion in 2022, and is estimated to reach $153.9 billion by 2032, growing at a CAGR of 10.1% from 2023 to 2032.
Asia-Pacific currently…
Ecotourism Market Forecast: $210.4 Billion in 2023 to $829.8 Billion by 2035
According to a new report published by Allied Market Research, titled, "Ecotourism Market Size, Share, Competitive Landscape and Trend Analysis Report, by Age group, by Traveler type, by Sales channel : Global Opportunity Analysis and Industry Forecast, 2024-2035". The research provides a current evaluation of the global market landscape, highlighting recent trends, key drivers, and the overall market environment. The study examines the main factors influencing industry expansion, analyzing both…
Scleroderma Market Forecast: $2.38 Billion in 2024 to $4.1 Billion by 2033
The global scleroderma market reached US$ 2,384.73 million in 2024 and is expected to reach US$ 4,103.07 million by 2033, growing at a CAGR of 6.4% during the forecast period 2025-2033.
Scleroderma Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the…
From $105.52 Billion to $233.51 Billion : Motorcycle Market Expansion (2022-2031 …
According to a new report published by Allied Market Research, titled, "Motorcycle Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by Propulsion Type, by Price Range : Global Opportunity Analysis and Industry Forecast, 2021-2031." The global motorcycle market size was valued at $105.52 billion in 2021, and is projected to reach $233.51 billion by 2031, registering a CAGR of 8.6% from 2022 to 2031.
𝐆𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞…
Proteomics Market Soars: From $23.7 Billion to $98 Billion by 2031
According to a new report published by Allied Market Research, titled, "Proteomics Market," The Proteomics Market Size was valued at $23,654.34 million in 2021, and is projected to reach $98,051.83 million by 2031, growing at a CAGR of 15.2% from 2022 to 2031.
Proteomics studies the interactions, functions, compositions, and structures of proteins and their cellular activities. Proteomics provides a better understanding of the structure and function of the organism than…
