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Electric Water Heater Market Analysis And Forecast 2015 - 2025
Electric Water Heater Market
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Global Electric Water Heater Market: Drivers & Restraints
The global electric water heater market is anticipated to witness growth owing to increasing number of residential housing and commercial projects worldwide. Growing demand for tankless water heaters and rise in disposable income is anticipated to fuel the global electric water heater market. Factors such as energy efficiency, improving environment sustainability and temperature control over the forecast period are anticipated to accelerate the global electric water heater market. Growing demand across wide in domestic application such as cooking, bathing and cleaning, as well as from commercial end use such as hospitals and hotels may boost electric water heaters market growth. Rising infrastructure investment in rural areas is expected to open window of opportunity for market players in global electric water heater market. Electricity shortages and fluctuation coupled with popularity of alternate fuels such as solar power and adoption of hybrid products may prove to be a restraint for global electric water heater market growth. Rising electricity prices, changes in government regulations, and volatile raw material prices are few other challenges faced by the global electric water heater market. Growth in solar water heater market is being propelled by government efforts and demand among consumers for energy efficient and eco-friendly products to be a major threat for global electric heater market over the forecast period.
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Global Electric Water Heater: Segmentation
On the basis of product type, the global electric water heater market is segmented into
Storage Water Heaters
Non- storage / Tankless Water Heater
On the basis of end use, the global electric water heater market is segmented into
Residential
Commercial
Industrial
On the basis of capacity, the global electric water heater market is segmented into
Small water heater
Medium water heater
Large water heater
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