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Water Heater Market 2023 Driving Factors Forecast Research 2029

11-03-2023 06:30 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: orion market research

Water Heater Market

Water Heater Market

The global market for the water heater is projected to have a CAGR of around 5.7% during the forecast period. Factors augmenting the water heater market is increasing the disposable income of the people along with improving the standard of living in emerging economies. Along with that government subsidiaries regarding the energy-efficient water heater for the domestic and industrial purpose is also propelling the market. The growing application of water heater in commercial sectors such as hotels, hospitals, Spa has a significant application of water heater. The rising adoption of solar water heater is further projected to create ample opportunity for to solar heater market in the near future. However, the solar water heater has a comparatively high installation cost and requires more space for installing the solar panels. Less penetration in developing and under-developed economies is also one of the major factors restraining the market.

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The global water heater market is segmented by energy source, mode of water supply and end-user. Based on the energy source, the market is segmented into gas, electricity, hybrid, and solar. Among these, solar water heaters are anticipated to grow at a significant pace during the forecast period. The market is mainly driven due to its being eco-friendly and energy conservation products. Based on the mode of water supply, the market has been segmented into on-demand or tankless water heater and storage or tank water heater. On the basis of end-user, the market has been categorized into residential, commercial and industrial.

full report of Water Heater Market available @ https://www.omrglobal.com/industry-reports/water-heater-market

• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

lobal Water Heater Market Report Segment by Region
North America
• United States
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World

The Report Covers
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global water heater market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/water-heater-market

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

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