openPR Logo
Press release

Continual Inventions To Accelerate The Water Heater Market

Continual Inventions To Accelerate 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 Sample@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.

For critical insights on this market, request for customization here@https://www.persistencemarketresearch.com/request-customization/3289

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

Read More Trending "PMR Exclusive Article"

Global Market Study on Plastic Cards: https://www.persistencemarketresearch.com/market-research/plastic-cards-market.asp

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 Continual Inventions To Accelerate The Water Heater Market here

News-ID: 2659317 • Views:

More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - 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 Sustainability and Supply Chain Efficiency
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 Growth - Persistence Market Research
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 Healthcare Demand
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

All 5 Releases


More Releases for Water

Water Trading Market Size in 2023 To 2029 | Severn Trent, Calgon Carbon, Murray …
The Water Trading report provides a comprehensive analysis of market drivers, limitations, and opportunities, offering a clear and comprehensive view of the market. It thoroughly evaluates market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of key players. The report also highlights the business manufacturing activities of major manufacturers, accompanied by relevant technical data. Additionally, the report presents a detailed overview of the competitive landscape of the
water bikes market, global water bikes market, water bikes industry, water bike …
Prominent water bike manufacturers are focussing on product innovations for experience of the consumer and for that, strategic analysis, collaborations and mergers, joint acquisitions, product launched are done by these manufacturers for taking care of their leading positions in the water bikes industry. Key Developments in Water Bikes Industry In January 2020, World’s first hydro e-bike named as Hydrofoiler-XE1 by Manta 5 was launched. The bike doesn’t have wheels and instead it
Mobile Water Treatment Systems market-Veolia Water Technologies, GE Water, Evoq …
Garner Insights recently released Global Mobile Water Treatment Systems Market research study with over 100 industry informative desk and Figures stretched through Pages and self-explanatory detailed TOC on “Mobile Water Treatment Systems Market”. Global Mobile Water Treatment Systems market 2019 research assists you to attain positive growth and try out different methods for maximizing your profit. The market study gives estimates for Global Mobile Water Treatment Systems Market 2019 analysis and Forecast till 2025. Some
Water Network Management, Water Network Management trends, Water Network Managem …
MarketStudyReport.com adds a new 2018-2023 Global Water Network Management Market Report focuses on the major drivers and restraints for the global key players providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. This report presents a comprehensive overview, market shares, and growth opportunities of by Water Network Management product type, application, key manufacturers and key regions. Over the next five years, Water Network Management will
Bailley Drinking Water – Healthy Water – Safe Water
-Although water covers 70% area of Earth and it is the most necessary element for the survival, yet it is not available in abundance for drinking. Thus, Bailley turns out to be supplying high quality drinking water across India since its launch in 1993. Bailley packaged water is bottled in 52 state-of-the-art plants across India. Targeting various category of consumers & occasions, Bailey Water Bottle is satisfying their needs. There
Mobile Water Treatment Market presents strong revenue visibility | Evoqua Water …
Global Info Reports render to you profound details in respect to leading participants, regions, application and type of the Mobile Water Treatment Market which is estimated to encounter substantial growth over the forecast period 2018-2025. Market Outlook: The market report based on our unique research methodology delivers thorough analytical scrutiny of the Global Mobile Water Treatment Market dispersed across several segments. The report also consists of current size and summary of the