Electric Water Heater Market to surpass $19bn by 2024: Global Market Insights Inc. Electric Water Heater Market was valued over USD 16 billion in 2017 and Electric Water Heater Market is set to exceed USD 19 billion by 2024; as reported in the latest study by Global Market Insights, Inc. Increasing investments toward the development of existing infrastructure coupled with ongoing economic transformation will drive the electric water heater market. Government initiatives toward the adoption of energy efficient heating systems along with shifting trends toward hospitality and tourism sector will complement the business outlook. For instance, the world bank group in 2016 had approved the funding of USD 50 million as a part of “International Development Association Credit� for Benin’s tourism sector development.
The U.S. electric water heater market is set to surpass USD 1 billion by 2024. Ongoing regulatory measures toward the installation of efficient heating appliances along with surging growth across service sector will positively influence the business outlook. Refurbishment and upgradation of existing systems along with extreme climatic conditions will stimulate the product demand. High end technological advancement along with the growing availability of reliable power supply primarily across the developing regions will foster the electric water heater market. Increasing expansion of residential and commercial establishments coupled with the rising concerns toward cost reduction will positively enhance the business outlook. In addition, features including anti corrosion, easy installation and filtration will further complement the business landscape. Growing demand for hot water across hotels and others commercial applications will foster the instant water heater market growth. Low energy consumption, greater efficiency than the conventional models and compact design are the key factors that will positively enhance the industry outlook. In addition, longer life span, easily replaceable parts along with low standby losses will further enhance the product adoption.
1|Page
Europe Electric Water Heater Market Size, By Capacity, 2017 & 2024 (USD Million)
Escalating demand for hot water owing to growing service sector along with rapid development of commercial establishments will boost the Asia Pacific water heater market growth. Growing investments by private sector companies on account of flexible FDI policies offers commendable opportunities for foreign investors. In addition, availability of low-cost labor and mass production capabilities will further complement the business landscape.
Improving quality standards coupled with increasing consumer awareness to avail the operational benefits of advanced heating systems will foster the residential water heater market growth. Growing legislative interest toward the adoption of advanced heating solutions along with progressive enforcement of building codes and standards will favour the deployment of these systems.
Rising disposable income coupled with significant improvement in living standards will stimulate the demand for low capacity water heaters. In addition, ongoing expansion of real estate sector will augment the electric water heater market. Availability in wide range of capacities along with simple designs with user friendly interface will positively influence the business landscape. 2|Page
Key players across the electric water heater market includes Rinnai Corporation, Groupe Atlantic, Bradford White, A.O Smith, Bosch Thermotechnology, Zenith, Saudi Ceramics, Nihon Itomic, Haier, Jaquar, Hubbell, Ariston Thermo, Kanch Water Heaters, Whirlpool, Vaillant and Viessmann.
Browse key industry insights spread across 530 pages with 1196 market data tables & 37 figures & charts from the report, “Electric Water Heater Market in detail along with the table of contents: https://bit.ly/2yYJdF5 Table of Content (TOC-)
Chapter 1
Methodology & Scope
1.1 Methodology 1.2 Market definitions 1.3 Market estimates & forecast parameters 1.4 Data sources 1.4.1 Primary 1.4.2 Secondary 1.4.2.1 Paid sources 1.4.2.2 Public sources Chapter 2
Executive Summary
2.1 Electric water heater market 3600 synopsis, 2013 – 2024 2.1.1 Business trends 2.1.2 Product trends 2.1.3 Capacity trends 3|Page
2.1.4 Application trends 2.1.5 Regional trends Chapter 3
Electric Water Heater Industry Insights
3.1 Industry segmentation 3.2 Industry landscape, 2013 – 2024 3.3 Industry ecosystem analysis 3.3.1 Vendor matrix 3.4 Innovation & sustainability 3.4.1.1
A.O Smith
3.4.1.2
RHEEM Manufacturing
3.4.1.3
BOSCH Thermotechnology
3.4.1.4
Bradford White
3.4.1.5
State Industries
3.5 Regulatory landscape 3.5.1 North America 3.5.1.1
U.S.
3.5.2 Europe 3.5.3 Asia Pacific 3.5.3.2 China 3.6 Customer requirement 3.6.1 Customer group requirement 3.6.1.1 Price 3.4.1.1 After sales services
4|Page
3.4.1.1 Product accreditation 3.4.1.1 Space requirement & size 3.4.1.1 Energy efficiency 3.7 Entry barriers 3.8 Price trend analysis, by energy source 3.8.1 <30 liters 3.8.2 130-100 liters 3.8.3 100-250 liters 3.8.4 250-400 liters 3.8.5 >400 liters 3.9 Consumed cost of energy (CCE) and NPV analysis 3.9.1 CCE analysis for water heating technology replacement options 3.9.2 NPV analysis for water heating technology replacement options 3.10 Industry impact forces 3.10.1
Growth drivers
3.10.1.1 North America & Latin America 3.10.1.1.1 Growing demand for energy efficient heating systems 3.10.1.1.2 Replacement of conventional water heating systems 3.10.1.2 Europe 3.10.1.2.1 Government norms pertaining to energy efficiency 3.10.1.2.2 Growing demand for replacement of existing water heaters 3.10.1.3 Asia Pacific 3.10.1.3.1 Rapid urbanization & advanced product customization
5|Page
3.10.1.3.2 Increasing demand for water heating systems 3.10.1.4 Middle East & Africa 3.10.1.4.1 Extreme climatic conditions 3.10.1.4.2 Advancing technology with rising emission standards 3.10.2 Industry pitfalls & challenges 3.10.2.1 .High upfront cost 3.11 Growth potential analysis 3.12 Porterâ&#x20AC;&#x2122;s analysis 3.13 Competitive landscape, 2017 3.13.1 Strategy dashboard 3.13.1.1 RHEEM Manufacturing 3.13.1.2 BOSCH Thermotechnology 3.13.1.3 A.O. Smith 3.13.1.4 Rinnai Corporation 3.13.1.5 Bradford White 3.14 PESTEL analysis
6|Page
Industry Coverage
Electric Water Heater Industry Background
7|Page
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology. Contact Us: Arun Hegde Corporate Sales, USA Global Market Insights, Inc. Phone: 1-302-846-7766 Toll Free: 1-888-689-0688 Email: sales@gminsights.com Web: https://www.gminsights.com Blog: http://algosonline.com/technology
8|Page