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Global Water Heaters Market Growth Prospects, Future Industry Landscape 2032 | Siemens AG, Bajaj Electricals Ltd., Bradford White, Rinnai, HTP, Bradford White, Rheem Manufacturing Co
Water Heaters Market
As per the water heaters market report by The Business Research Company, the rapid Urbanization is expected to contribute to the growth of the water heaters market in the forecast period.
The global water heaters market size will grow from $33.91 billion in 2022 to $37.87 billion in 2023 at a compound annual growth rate (CAGR) of 11.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global water heaters market size is expected to grow to $57.04 billion in 2027 at a CAGR of 10.8%.
Read More On The Water Heaters Market Report Here:
https://www.thebusinessresearchcompany.com/report/water-heaters-global-market-report
Major players in the water heaters market are Siemens AG, Bajaj Electricals Ltd., Bradford White, Rinnai, HTP, Bradford White, Rheem Manufacturing Co., Heat Transfer Products Inc., and Bradford White Corp.
The Water Heaters market is segmented -
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, Other Distribution Channels
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A water heater is a device used for heating water above its ambient temperature, used generally for domestic purposes. The main product types of water heaters are into solar heaters, electric heaters, gas and propane heaters and geothermal heaters. A geothermal water heater is a component of a larger geothermal heat pump system that provides heated and cooled air to a home. A geothermal heat pump works by circulating a water and antifreeze mixture through a series of loops buried in the ground. The water heaters are distributed through supermarket/hypermarket, specialty stores, E-commerce and other distribution channels and are used by into residential, commercial and industrial end-users.
The Table Of Content For The Water Heaters Market Include:
1. Executive Summary
2. Water Heaters Market Characteristics
3. Water Heaters Market Trends And Strategies
4. Water Heaters Market - Macro Economic Scenario
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 "Global Water Heaters Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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