Press release
Global Electric Water Heater Market Will Grow At A CAGR Of 7.42% During The Period 2016-2019
About electric water heatersWater heaters are one of the major consumers of energy globally. They often exceed the consumption of energy for domestic activities such as cooking, refrigeration, and lighting.
Electric storage tank water heater is the most commonly used appliance for heating water. Low-income households use biofuel, coal, and other sources of energy for heating water, but more affluent households use electricity. Thus, middle-income homes are the highest consumers of electricity for heating water.
Climate and culture play important roles in the need for hot water and dictate its usage. Variations in climate and cultures dictate the type and size of water heaters used in households as well as in commercial establishments.
Technavio's analysts forecast the global electric water heater market to grow at a CAGR of 7.42% over the period 2014-2019.
Covered in this report
The report includes the present scenario and growth prospects of the global electric water heater market for the period 2015-2019. The market can be segmented into storage and tankless electric water heaters.
Technavio's report, Global Electric Water Heater Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market in APAC, Europe, and North America; it also covers the landscape of the global electric water heater market and its growth prospects in the coming years. The report includes a discussion on the key vendors operating in this market.
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Key regions
APAC
Europe
North America
Key vendors
AO Smith
Midea Group
Rheem Manufacturing
Siemens
Other prominent vendors
Ariston Thermo
Bajaj Electricals
Bradford White
Crompton Greaves
ELDOMINVEST
Ferroli
Haier Water Heater
Heat Transfer Products
Hubbell Water Heaters
Noritz
Rinnai
Vanward Electric
Market driver
Rising demand for heat pump heaters
For a full, detailed list, view our report
Market challenge
Insufficient supply of electricity
For a full, detailed list, view our report
Market trend
Emergence of smart water heaters
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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