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Global Water Heater Market Become Dominant At CAGR Of 6.03% By 2021

Press Release   •   Aug 17, 2017 05:20 EDT

Latest industry research report on: Global Water Heater Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts

A water heater is one of the biggest consumers of energy in households, often exceeding energy consumed due to cooking, refrigeration, and lighting. Climate and culture influence the type and size of water heaters used in households and for commercial use. The global water heater market is driven by several growth factors such as the increasing demand for tankless water heaters due to their energy-efficiency and requirement of less storage space. The rising demand for solar water heaters is another major driver in the market. There is a growing demand for hybrid water heaters in the market due to the focus of vendors on developing energy-efficient hybrid water heaters.

Technavios analysts forecast the global water heater market to grow at a CAGR of 6.03% during the period 2017-2021.

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Covered in this report

The report covers the present scenario and the growth prospects of the global water heater market for 2017-2021. To calculate the market size, the report considers the sales/volume/value and exclude new installations/shipments/ retrofit/replacement/spares/aftermarket/services market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA

Technavios report, Global Water Heater Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

  • A.O.Smith
  • Bradford White
  • Rheem Manufacturing Company

Other prominent vendors

  • Rinnai
  • Midea Group
  • Guangdong Vanward New Electric
  • Eccotemp Systems
  • Haier
  • Noritz
  • Bosch
  • Reliance Water Heater Company
  • HTP
  • Electrolux

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Market driver

Increasing usage of solar water heaters

For a full, detailed list, view our report

Market challenge

High installation and maintenance cost

For a full, detailed list, view our report

Market trend

Emergence of hybrid water heaters

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2021 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?

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